2018 Q4 Form 10-Q Financial Statement

#000100291018000140 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $1.419B $1.724B $1.399B
YoY Change 1.43% 0.06% 3.17%
Cost Of Revenue $250.0M $178.0M $262.0M
YoY Change -4.58% -5.32% -8.39%
Gross Profit $1.169B $1.546B $1.140B
YoY Change 2.54% 0.72% 6.54%
Gross Profit Margin 82.38% 89.68% 81.49%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $239.0M $236.0M $223.0M
YoY Change 7.17% 7.27% 6.19%
% of Gross Profit 20.44% 15.27% 19.56%
Operating Expenses $1.003B $1.191B $915.0M
YoY Change 9.62% 3.21% -7.01%
Operating Profit $166.0M $533.0M $212.0M
YoY Change -21.7% -6.33% 46.21%
Interest Expense -$77.00M $101.0M -$87.00M
YoY Change -11.49% 4.12% 1.16%
% of Operating Profit -46.39% 18.95% -41.04%
Other Income/Expense, Net -$4.000M $32.00M $3.000M
YoY Change -233.33% 39.13% -94.92%
Pretax Income $85.00M $464.0M $141.0M
YoY Change -39.72% -6.26% 138.98%
Income Tax $16.00M $105.0M $46.00M
% Of Pretax Income 18.82% 22.63% 32.62%
Net Earnings $69.00M $359.0M -$60.00M
YoY Change -215.0% 24.65% -287.5%
Net Earnings / Revenue 4.86% 20.82% -4.29%
Basic Earnings Per Share $0.28 $1.46 -$0.24
Diluted Earnings Per Share $0.28 $1.45 -$0.24
COMMON SHARES
Basic Shares Outstanding 244.3M shares 244.1M shares 242.6M shares
Diluted Shares Outstanding 246.3M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.00M $11.00M $10.00M
YoY Change 60.0% 22.22% 11.11%
Cash & Equivalents $16.00M $11.00M $10.00M
Short-Term Investments
Other Short-Term Assets $63.00M $83.00M $98.00M
YoY Change -35.71% -13.54% -13.27%
Inventory $483.0M $525.0M $522.0M
Prepaid Expenses
Receivables $463.0M $605.0M $445.0M
Other Receivables $79.00M $84.00M $70.00M
Total Short-Term Assets $1.533B $1.640B $1.612B
YoY Change -4.9% 3.73% 1.19%
LONG-TERM ASSETS
Property, Plant & Equipment $22.81B $22.38B $21.47B
YoY Change 6.26% 7.05% 6.73%
Goodwill $411.0M $411.0M $411.0M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $684.0M $752.0M $704.0M
YoY Change -2.84% 11.9% 15.98%
Other Assets $650.0M $647.0M $522.0M
YoY Change 24.52% 20.26% -2.97%
Total Long-Term Assets $25.68B $25.32B $24.33B
YoY Change 5.54% 5.34% 5.31%
TOTAL ASSETS
Total Short-Term Assets $1.533B $1.640B $1.612B
Total Long-Term Assets $25.68B $25.32B $24.33B
Total Assets $27.22B $26.96B $25.95B
YoY Change 4.89% 5.24% 5.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $817.0M $591.0M $902.0M
YoY Change -9.42% 7.85% 12.05%
Accrued Expenses $93.00M $108.0M $99.00M
YoY Change -6.06% 1.89% 6.45%
Deferred Revenue $116.0M $126.0M $108.0M
YoY Change 7.41%
Short-Term Debt $597.0M $521.0M $484.0M
YoY Change 23.35% 16.82% -13.26%
Long-Term Debt Due $580.0M $649.0M $841.0M
YoY Change -31.03% -16.47% 23.49%
Total Short-Term Liabilities $2.687B $2.580B $2.940B
YoY Change -8.61% -0.04% 9.95%
LONG-TERM LIABILITIES
Long-Term Debt $7.859B $7.614B $7.094B
YoY Change 10.78% 10.0% 7.57%
Other Long-Term Liabilities $408.0M $409.0M $460.0M
YoY Change -11.3% -12.79% -3.56%
Total Long-Term Liabilities $8.267B $8.023B $7.554B
YoY Change 9.44% 8.55% 6.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.687B $2.580B $2.940B
Total Long-Term Liabilities $8.267B $8.023B $7.554B
Total Liabilities $10.95B $10.60B $10.49B
YoY Change 4.38% 6.33% 7.67%
SHAREHOLDERS EQUITY
Retained Earnings $2.024B $2.073B $1.660B
YoY Change 21.93% 13.28% 5.87%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.631B $7.656B $7.184B
YoY Change
Total Liabilities & Shareholders Equity $27.22B $26.96B $25.95B
YoY Change 4.89% 5.24% 5.04%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $69.00M $359.0M -$60.00M
YoY Change -215.0% 24.65% -287.5%
Depreciation, Depletion And Amortization $239.0M $236.0M $223.0M
YoY Change 7.17% 7.27% 6.19%
Cash From Operating Activities $484.0M $866.0M $471.0M
YoY Change 2.76% 10.46% -15.59%
INVESTING ACTIVITIES
Capital Expenditures -$619.0M $577.0M -$620.0M
YoY Change -0.16% 9.9% 4.38%
Acquisitions
YoY Change
Other Investing Activities $2.000M $1.000M $0.00
YoY Change -50.0% -100.0%
Cash From Investing Activities -$617.0M -$590.0M -$620.0M
YoY Change -0.48% 12.38% 2.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 148.0M -280.0M 160.0M
YoY Change -7.5% 9.8% 566.67%
NET CHANGE
Cash From Operating Activities 484.0M 866.0M 471.0M
Cash From Investing Activities -617.0M -590.0M -620.0M
Cash From Financing Activities 148.0M -280.0M 160.0M
Net Change In Cash 15.00M -4.000M 11.00M
YoY Change 36.36% -200.0% -144.0%
FREE CASH FLOW
Cash From Operating Activities $484.0M $866.0M $471.0M
Capital Expenditures -$619.0M $577.0M -$620.0M
Free Cash Flow $1.103B $289.0M $1.091B
YoY Change 1.1% 11.58% -5.3%

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7798000000 USD
CY2017Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
129000000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
364000000 USD
CY2018Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
127000000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
374000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
52000000 USD
CY2018Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
154000000 USD
CY2017Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
323000000 USD
CY2018Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
260000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
135000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
276000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
292000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
746000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
426000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
2136000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
261000000 USD
CY2017Q3 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
25000000 USD
us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
196000000 USD
CY2018Q3 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
30000000 USD
us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
252000000 USD
CY2017Q3 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
413000000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
1262000000 USD
CY2018Q3 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
429000000 USD
us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
1299000000 USD
CY2017Q3 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
163000000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
493000000 USD
CY2018Q3 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
148000000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
453000000 USD
CY2018Q3 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
17000000 USD
CY2017Q4 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityNonconsolidatedCarryingAmountAssetsAndLiabilitiesNet
17000000 USD
CY2018Q3 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityNonconsolidatedCarryingAmountAssetsAndLiabilitiesNet
20000000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
244700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
244000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245500000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
242600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
242600000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
244100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
243600000 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-indent:24px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">Ameren, headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren&#8217;s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren&#8217;s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Ameren&#8217;s principal subsidiaries are listed below. Ameren has other subsidiaries that conduct other activities, such as providing shared services. Ameren evaluates competitive electric transmission investment opportunities as they arise.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial Narrow;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;">Union Electric Company, doing business as Ameren Missouri, operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial Narrow;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;">Ameren Illinois Company, doing business as Ameren Illinois, operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial Narrow;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;">ATXI operates a FERC rate-regulated electric transmission business. ATXI is developing MISO-approved electric transmission projects, including the Illinois Rivers and Mark Twain projects, and placed the Spoon River project in service in February 2018.</font></div></td></tr></table></div>

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