2020 Q1 Form 10-K Financial Statement

#000170305620000013 Filed on March 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q3
Revenue $1.370B $1.298B $1.301B
YoY Change 10.19% 9.52% 13.26%
Cost Of Revenue $408.0M $369.7M $356.6M
YoY Change 25.15% 30.45% 35.43%
Gross Profit $961.8M $928.6M $944.0M
YoY Change 4.87% 2.95% 6.67%
Gross Profit Margin 70.22% 71.53% 72.58%
Selling, General & Admin $453.3M $358.7M $378.6M
YoY Change 39.69% 10.61% 28.3%
% of Gross Profit 47.13% 38.63% 40.11%
Research & Development $16.00M
YoY Change
% of Gross Profit 1.66%
Depreciation & Amortization $489.0M $486.5M $505.8M
YoY Change -1.38% 0.5% 6.54%
% of Gross Profit 50.84% 52.39% 53.58%
Operating Expenses $469.3M $845.2M $378.6M
YoY Change 44.62% 4.53% 28.3%
Operating Profit -$89.36M $64.11M -$51.23M
YoY Change -198.81% 499.84% -142.05%
Interest Expense -$225.4M -$153.6M -$152.4M
YoY Change 41.82% -5.19% 0.02%
% of Operating Profit -239.61%
Other Income/Expense, Net $2.309M $2.100M $200.0K
YoY Change 92.58% -216.67% -63.77%
Pretax Income -$378.3M -$88.50M -$218.0M
YoY Change 325.82% -42.19% -10.38%
Income Tax -$78.00M -$16.50M -$36.00M
% Of Pretax Income
Net Earnings -$300.3M -$71.99M -$181.6M
YoY Change 351.77% -51.83% -22.89%
Net Earnings / Revenue -21.92% -5.55% -13.97%
Basic Earnings Per Share -$0.10 -$0.25
Diluted Earnings Per Share -$395.6K -$0.10 -$0.25
COMMON SHARES
Basic Shares Outstanding 759.9M shares 743.5M shares 739.9M shares
Diluted Shares Outstanding 739.9M shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.0M $49.00M $156.0M
YoY Change 22.92% -86.5% -39.3%
Cash & Equivalents $118.1M $48.74M $155.8M
Short-Term Investments
Other Short-Term Assets $166.0M $151.0M $732.0M
YoY Change 23.88% 16.15% 584.11%
Inventory $165.0M $138.0M $146.0M
Prepaid Expenses
Receivables $270.5M $287.2M $284.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $719.0M $625.5M $1.319B
YoY Change 18.53% -26.76% 110.49%
LONG-TERM ASSETS
Property, Plant & Equipment $340.1M $328.7M $337.4M
YoY Change 2.75% 0.66% 9.32%
Goodwill $5.217B $4.960B $4.957B
YoY Change 1.65% -2.41% -2.58%
Intangibles $6.475B $6.670B $6.816B
YoY Change -13.52% -10.93% -8.98%
Long-Term Investments
YoY Change
Other Assets $286.4M $247.5M $248.3M
YoY Change 16.68% 105.79% 67.51%
Total Long-Term Assets $15.54B $15.46B $15.63B
YoY Change -5.38% -5.48% -4.36%
TOTAL ASSETS
Total Short-Term Assets $719.0M $625.5M $1.319B
Total Long-Term Assets $15.54B $15.46B $15.63B
Total Assets $16.26B $16.08B $16.95B
YoY Change -4.53% -6.54% -0.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $284.1M $242.0M $297.0M
YoY Change 13.92% 9.31% 44.08%
Accrued Expenses $555.8M $477.4M $491.5M
YoY Change 30.01% 19.92% 10.57%
Deferred Revenue $349.3M $342.4M $343.9M
YoY Change 2.67% 2.23% 10.65%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $58.81M $58.05M $212.9M
YoY Change -83.95% -0.23% 343.49%
Total Short-Term Liabilities $1.248B $1.120B $1.474B
YoY Change -9.7% 10.59% 45.97%
LONG-TERM LIABILITIES
Long-Term Debt $9.899B $9.634B $9.638B
YoY Change 5.9% -3.12% 1.24%
Other Long-Term Liabilities $476.0M $305.4M $288.7M
YoY Change 102.77% 117.23% 127.43%
Total Long-Term Liabilities $10.38B $9.940B $9.927B
YoY Change 8.27% -1.44% 7719.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.248B $1.120B $1.474B
Total Long-Term Liabilities $10.38B $9.940B $9.927B
Total Liabilities $13.37B $12.90B $13.24B
YoY Change 3.74% -0.65% 5.62%
SHAREHOLDERS EQUITY
Retained Earnings -$3.073B -$2.742B -$2.112B
YoY Change 73.25% 63.18% 40.44%
Common Stock $7.701M $7.536M $7.500M
YoY Change 0.4% -1.73% -2.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.895B $3.184B $3.711B
YoY Change
Total Liabilities & Shareholders Equity $16.26B $16.08B $16.95B
YoY Change -4.53% -6.54% -0.12%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$300.3M -$71.99M -$181.6M
YoY Change 351.77% -51.83% -22.89%
Depreciation, Depletion And Amortization $489.0M $486.5M $505.8M
YoY Change -1.38% 0.5% 6.54%
Cash From Operating Activities $250.2M $413.9M $480.0M
YoY Change -50.86% 8.46% 8.3%
INVESTING ACTIVITIES
Capital Expenditures $34.57M -$305.6M -$352.9M
YoY Change -8.32% -12.06% -6.04%
Acquisitions $179.6M
YoY Change 233.2%
Other Investing Activities -$2.782M $484.4M -$16.30M
YoY Change -1240.16% -257.94% 33.61%
Cash From Investing Activities -$338.4M $178.7M -$369.3M
YoY Change -15.4% -127.32% -4.8%
FINANCING ACTIVITIES
Cash Dividend Paid $26.29M
YoY Change -0.72%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $157.6M -704.5M 5.700M
YoY Change -141.46% -285.15% -100.64%
NET CHANGE
Cash From Operating Activities $250.2M 413.9M 480.0M
Cash From Investing Activities -$338.4M 178.7M -369.3M
Cash From Financing Activities $157.6M -704.5M 5.700M
Net Change In Cash $69.41M -111.9M 116.4M
YoY Change -125.68% -203.71% -113.9%
FREE CASH FLOW
Cash From Operating Activities $250.2M $413.9M $480.0M
Capital Expenditures $34.57M -$305.6M -$352.9M
Free Cash Flow $215.7M $719.5M $832.9M
YoY Change -54.27% -1.32% 1.72%

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CY2018 us-gaap Repayments Of Mandatory Redeemable Capital Securities
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CY2018 us-gaap Advertising Expense
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CY2019 us-gaap Advertising Expense
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CY2017 us-gaap Advertising Expense
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CY2019 us-gaap Communications And Information Technology
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46000000 USD
CY2018 us-gaap Communications And Information Technology
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CY2017 us-gaap Communications And Information Technology
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12000000 USD
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22000000 USD
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7500000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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24000000 USD
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-bottom:10px;padding-top:21px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risks</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The majority of the Company’s cash and cash equivalents and restricted cash and cash equivalents are held at major financial institutions. Certain account balances exceed the Federal Deposit Insurance Corporation insurance limits of </span><span style="font-family:inherit;font-size:10pt;">$250,000</span><span style="font-family:inherit;font-size:10pt;"> per account, as a result, there is a concentration of credit risk related to amounts in excess of the insurance limits. The Company regularly monitors the financial stability of these financial institutions and believes that there is no exposure to any significant credit risk in cash and cash equivalents and restricted cash and cash equivalents.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company’s risk due to the concentration of credit risk associated with accounts receivable is limited due to the significant size of the Company’s customer base.</span></div>
CY2019Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
0 USD
CY2018Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
221000000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
107000000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
79000000 USD
CY2019 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="line-height:120%;padding-bottom:10px;padding-top:21px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Guarantees</span></div>In the normal course of business, the Company is liable for contract completion and product performance. The Company does not believe such obligations will materially affect its financial position, results of operations, or cash flows.
CY2019Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
47000000 USD
CY2018Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
54000000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
128926000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7487536000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
245449000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
427539000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
234771000 USD
CY2019 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Customer billings for services not yet rendered are deferred and recognized as revenue as services are provided. These fees are recorded as current deferred revenue in the Consolidated Balance Sheets as the Company expects to satisfy any remaining performance obligations, as well as recognize the related revenue, within the next twelve months. Accordingly, the Company has applied the practical expedient regarding deferred revenue to exclude the value of remaining performance obligations if (i) the contract has an original expected term of one year or less or (ii) the Company recognizes revenue in proportion to the amount it has the right to invoice for services performed.</span></div>
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5125657000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4581673000 USD
CY2019 adt Revenuefrom Contractwith Customer Termof Customer Relationship
RevenuefromContractwithCustomerTermofCustomerRelationship
P15Y
CY2019Q4 adt Operating Lease Rightof Use Assets Current
OperatingLeaseRightofUseAssetsCurrent
1191000 USD
CY2019Q1 adt Operating Lease Rightof Use Assets Current
OperatingLeaseRightofUseAssetsCurrent
1642000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
122464000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
125936000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
66001000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
38181000 USD
CY2019Q4 adt Leased Assets
LeasedAssets
189656000 USD
CY2019Q1 adt Leased Assets
LeasedAssets
165759000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29745000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30357000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
26949000 USD
CY2019Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
18343000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
99999000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
99168000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
47835000 USD
CY2019Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
31568000 USD
CY2019Q4 adt Lease Liability
LeaseLiability
204528000 USD
CY2019Q1 adt Lease Liability
LeaseLiability
179436000 USD
CY2019Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
44000000 USD
CY2019Q1 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
32000000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
116110000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
45482000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
42840000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
58579000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
22957000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3770000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
48325000 USD
CY2019 us-gaap Lease Cost
LeaseCost
133631000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
57212000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3770000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24918000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
51909000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
52611000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2017Q4 us-gaap Goodwill
Goodwill
5070586000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
47196000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
5081887000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
87962000 USD
CY2019 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
161652000 USD
CY2018 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
CY2019 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
37709000 USD
CY2018 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-16847000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
4959658000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
5081887000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
88000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9618659000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-4282014000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5336645000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9378174000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-3222980000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6155194000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10951659000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-4282014000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6669645000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10711174000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-3222980000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7488194000 USD
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
670000000 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
694000000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
653000000 USD
CY2019 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
208688000 USD
CY2018 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
0 USD
CY2019Q4 adt Accretionof Purchase Accounting Fair Value Adjustment Debt
AccretionofPurchaseAccountingFairValueAdjustmentDebt
-195731000 USD
CY2018Q4 adt Accretionof Purchase Accounting Fair Value Adjustment Debt
AccretionofPurchaseAccountingFairValueAdjustmentDebt
-205483000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1238064000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1206536000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1164283000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1185815000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1056295000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
692671000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
344437000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
277689000 USD
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
1300000000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
45000000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
88000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-26840000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-19642000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
58075000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
9692275000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
10002296000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
58049000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
58184000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9634226000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9944112000 USD
CY2019Q2 adt Deferred Financing Costs
DeferredFinancingCosts
17000000 USD
CY2019Q3 adt Debt Instrument Premium Percent
DebtInstrumentPremiumPercent
0.02
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-104000000 USD
CY2019Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
23000000 USD
CY2018Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
9000000 USD
CY2017Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
64000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
59628000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
1056237000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
1050804000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
1983769000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
781442000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
5046647000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
9978527000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-26840000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
58075000 USD
CY2019Q4 adt Accretionof Purchase Accounting Fair Value Adjustment Debt
AccretionofPurchaseAccountingFairValueAdjustmentDebt
-195731000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
5606000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
9692275000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
58049000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9634226000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
623000000 USD
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
620000000 USD
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
645000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-99518000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-122367000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-522192000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-422674000 USD
CY2016 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
659000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
3225000000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
84218000 USD
CY2018Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
20268000 USD
CY2018Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
14.00
CY2019Q1 adt Shares Authorizedunder Drip
SharesAuthorizedunderDRIP
18750000 shares
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-510251000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
135000000 USD
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2019 us-gaap Dividends
Dividends
633000000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.84
CY2019 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
11000000 shares
CY2018 us-gaap Dividends
Dividends
107000000 USD
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
79000000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
750000000 USD
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.17
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
24000000 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-150000000 USD
CY2019Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
132000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
27004000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-2504000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-82010000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
14238000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
7201000 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
6202000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-34792000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-424150000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-609155000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
342627000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
747238000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
747710000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
641074000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
747238000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
747710000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
641074000 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-386894000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-632618000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-421686000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2503000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-837000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3924000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-14501000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-6511000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2980000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-2843000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3473000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-11426000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-19847000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-3875000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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