2017 Q4 Form 10-K Financial Statement

#000119312518056314 Filed on February 26, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $3.174B $2.964B $2.859B
YoY Change 25.11% 27.26% 23.07%
Cost Of Revenue $2.237B $2.340B $2.289B
YoY Change 4.68% 18.9% 17.93%
Gross Profit $937.0M $624.0M $570.0M
YoY Change 134.25% 72.85% 49.21%
Gross Profit Margin 29.52% 21.05% 19.94%
Selling, General & Admin $66.00M $70.00M $70.00M
YoY Change -15.38% -23.91% -22.22%
% of Gross Profit 7.04% 11.22% 12.28%
Research & Development $9.000M $8.000M $8.000M
YoY Change 28.57% 0.0% 14.29%
% of Gross Profit 0.96% 1.28% 1.4%
Depreciation & Amortization $188.0M $194.0M $190.0M
YoY Change 3.3% 7.18% 6.74%
% of Gross Profit 20.06% 31.09% 33.33%
Operating Expenses $262.0M $78.00M $78.00M
YoY Change -1.87% -22.0% -19.59%
Operating Profit $675.0M $546.0M $492.0M
YoY Change 407.52% 109.2% 72.63%
Interest Expense -$36.00M $26.00M $25.00M
YoY Change -25.0% -61.19% -62.12%
% of Operating Profit -5.33% 4.76% 5.08%
Other Income/Expense, Net -$86.00M -$48.00M -$28.00M
YoY Change -8700.0% -145.28% -221.74%
Pretax Income $257.0M $288.0M $237.0M
YoY Change -287.59% 182.35% 323.21%
Income Tax $264.0M $119.0M $99.00M
% Of Pretax Income 102.72% 41.32% 41.77%
Net Earnings -$196.0M $113.0M $75.00M
YoY Change 56.8% -1230.0% -236.36%
Net Earnings / Revenue -6.18% 3.81% 2.62%
Basic Earnings Per Share -$1.06 $0.61 $0.41
Diluted Earnings Per Share -$1.06 $0.60 $0.40
COMMON SHARES
Basic Shares Outstanding 185.0M shares 185.0M shares 184.0M shares
Diluted Shares Outstanding 187.0M shares 186.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.358B $1.119B $954.0M
YoY Change 59.2% 364.32% 187.35%
Cash & Equivalents $1.358B $1.119B $954.0M
Short-Term Investments
Other Short-Term Assets $384.0M $329.0M $347.0M
YoY Change 14.97% -78.02% 23.49%
Inventory $1.453B $1.323B $1.287B
Prepaid Expenses
Receivables $811.0M $840.0M $789.0M
Other Receivables $232.0M $193.0M $206.0M
Total Short-Term Assets $4.238B $3.804B $3.583B
YoY Change 33.23% 5.02% 50.17%
LONG-TERM ASSETS
Property, Plant & Equipment $9.138B $9.282B $9.237B
YoY Change -2.01% -3.4% -3.47%
Goodwill $989.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $1.410B $1.408B $1.378B
YoY Change 3.83% 3.38% 0.15%
Other Assets $1.719B $1.745B $1.688B
YoY Change 3.06% 13.75% -41.55%
Total Long-Term Assets $13.21B $13.45B $13.35B
YoY Change -2.59% -1.7% -4.59%
TOTAL ASSETS
Total Short-Term Assets $4.238B $3.804B $3.583B
Total Long-Term Assets $13.21B $13.45B $13.35B
Total Assets $17.45B $17.25B $16.93B
YoY Change 4.22% -0.29% 3.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.898B $1.618B $1.508B
YoY Change 30.45% 29.23% 18.09%
Accrued Expenses $459.0M $450.0M $445.0M
YoY Change 0.66% 3.93% 52.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.00M $17.00M $19.00M
YoY Change -23.81% -19.05% -13.64%
Total Short-Term Liabilities $3.252B $2.766B $2.608B
YoY Change 15.28% 25.39% 22.38%
LONG-TERM LIABILITIES
Long-Term Debt $1.388B $1.384B $1.418B
YoY Change -2.53% -5.01% 508.58%
Other Long-Term Liabilities $5.700B $4.668B $4.356B
YoY Change 26.98% 12.08% 148.49%
Total Long-Term Liabilities $1.388B $6.052B $5.774B
YoY Change -2.53% 7.65% 190.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.252B $2.766B $2.608B
Total Long-Term Liabilities $1.388B $6.052B $5.774B
Total Liabilities $10.65B $9.136B $8.730B
YoY Change 17.75% 11.7% 30.43%
SHAREHOLDERS EQUITY
Retained Earnings $113.0M $309.0M $196.0M
YoY Change -208.65%
Common Stock $9.592B $9.586B $9.561B
YoY Change 0.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.523B $5.862B $5.954B
YoY Change
Total Liabilities & Shareholders Equity $17.45B $17.25B $16.93B
YoY Change 4.22% -0.29% 3.39%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$196.0M $113.0M $75.00M
YoY Change 56.8% -1230.0% -236.36%
Depreciation, Depletion And Amortization $188.0M $194.0M $190.0M
YoY Change 3.3% 7.18% 6.74%
Cash From Operating Activities $455.0M $384.0M $311.0M
YoY Change 90.38% -487.88% -438.04%
INVESTING ACTIVITIES
Capital Expenditures -$150.0M -$96.00M -$88.00M
YoY Change 2.74% 31.51% 2.33%
Acquisitions
YoY Change
Other Investing Activities -$20.00M -$8.000M -$6.000M
YoY Change -101.63% -107.21% -104.11%
Cash From Investing Activities -$170.0M -$104.0M -$94.00M
YoY Change -115.71% -373.68% -256.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.00M -115.0M -78.00M
YoY Change -92.41% 228.57% -2700.0%
NET CHANGE
Cash From Operating Activities 455.0M 384.0M 311.0M
Cash From Investing Activities -170.0M -104.0M -94.00M
Cash From Financing Activities -53.00M -115.0M -78.00M
Net Change In Cash 232.0M 165.0M 139.0M
YoY Change -62.76% -271.88% -579.31%
FREE CASH FLOW
Cash From Operating Activities $455.0M $384.0M $311.0M
Capital Expenditures -$150.0M -$96.00M -$88.00M
Free Cash Flow $605.0M $480.0M $399.0M
YoY Change 57.14% -1946.15% -6750.0%

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CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.68
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.68
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-125000000
CY2016Q4 us-gaap Profit Loss
ProfitLoss
-129000000
CY2016Q4 us-gaap Restructuring Charges
RestructuringCharges
209000000
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
2537000000
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.06
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.06
CY2017Q4 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
98000000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-196000000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
-56000000
CY2017Q4 us-gaap Restructuring Charges
RestructuringCharges
297000000
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
3174000000

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