2018 Q4 Form 10-K Financial Statement

#000154565419000012 Filed on February 28, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q1 2017 Q4
Revenue $299.6M $113.3M $122.7M
YoY Change 144.17% 21.57% 10.34%
Cost Of Revenue $114.9M $42.90M $90.90M
YoY Change 26.4% 9.72% 19.76%
Gross Profit $184.7M $70.40M $31.80M
YoY Change 480.82% 30.13% -9.92%
Gross Profit Margin 61.65% 62.14% 25.92%
Selling, General & Admin $16.50M $15.00M $15.40M
YoY Change 7.14% 2.04% 63.83%
% of Gross Profit 8.93% 21.31% 48.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.20M $10.20M $10.00M
YoY Change 12.0% -2.86% -91.63%
% of Gross Profit 6.06% 14.49% 31.45%
Operating Expenses $16.50M $15.00M $19.20M
YoY Change -14.06% 2.04% 27.15%
Operating Profit -$102.9M $10.30M $600.0K
YoY Change -17250.0% -41.14% -97.03%
Interest Expense -$202.7M $8.400M $7.100M
YoY Change -2954.93% 35.48% 14.52%
% of Operating Profit 81.55% 1183.33%
Other Income/Expense, Net -$5.000M -$100.0K $2.600M
YoY Change -292.31% -2700.0%
Pretax Income -$117.3M $44.80M -$12.70M
YoY Change 823.62% 1078.95% -186.99%
Income Tax $18.10M -$2.700M -$224.6M
% Of Pretax Income -6.03%
Net Earnings -$136.6M $47.30M $211.6M
YoY Change -164.56% 650.79% -211700.0%
Net Earnings / Revenue -45.59% 41.75% 172.45%
Basic Earnings Per Share -$1.90 $0.71 $4.31
Diluted Earnings Per Share -$1.90 $0.66 $3.42
COMMON SHARES
Basic Shares Outstanding 72.00M shares 66.40M shares 49.20M shares
Diluted Shares Outstanding 72.00M shares 72.20M shares 62.00M shares

Balance Sheet

Concept 2018 Q4 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.40M $26.50M $68.90M
YoY Change -83.45% 73.2% 3031.82%
Cash & Equivalents $11.40M $26.50M $68.90M
Short-Term Investments
Other Short-Term Assets $67.80M $59.20M $112.2M
YoY Change -39.57% 25.96% 123.95%
Inventory $26.50M $29.60M $31.90M
Prepaid Expenses
Receivables $49.60M $37.50M $34.10M
Other Receivables $25.40M $25.70M $27.70M
Total Short-Term Assets $180.7M $178.5M $274.8M
YoY Change -34.24% 36.68% 98.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.187B $1.318B $1.148B
YoY Change 3.4% 7.46% -6.83%
Goodwill $65.10M $102.3M $102.3M
YoY Change -36.36% 0.0% 0.0%
Intangibles $68.40M $80.50M $46.90M
YoY Change 45.84% 55.11% -12.83%
Long-Term Investments $171.4M $397.0M $16.40M
YoY Change 945.12% 0.43% -21.15%
Other Assets $70.00M $54.80M $56.20M
YoY Change 24.56% -22.16% 12.63%
Total Long-Term Assets $2.045B $2.132B $1.956B
YoY Change 4.5% 5.03% -3.05%
TOTAL ASSETS
Total Short-Term Assets $180.7M $178.5M $274.8M
Total Long-Term Assets $2.045B $2.132B $1.956B
Total Assets $2.225B $2.311B $2.231B
YoY Change -0.27% 6.95% 3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.20M $32.60M $43.30M
YoY Change -21.02% 3.16% 23.01%
Accrued Expenses $41.50M $27.30M $34.00M
YoY Change 22.06% -9.6% -10.53%
Deferred Revenue $5.900M $900.0K $5.700M
YoY Change 3.51%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $39.00M $42.80M $46.00M
YoY Change -15.22% -12.3% 8.49%
Total Short-Term Liabilities $129.4M $123.3M $926.8M
YoY Change -86.04% -5.81% 461.36%
LONG-TERM LIABILITIES
Long-Term Debt $739.1M $795.8M $585.2M
YoY Change 26.3% 55.67% 23.8%
Other Long-Term Liabilities $49.10M $38.30M $34.90M
YoY Change 40.69% -16.38% -26.83%
Total Long-Term Liabilities $879.6M $854.2M $645.3M
YoY Change 36.31% 6.19% -15.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.4M $123.3M $926.8M
Total Long-Term Liabilities $879.6M $854.2M $645.3M
Total Liabilities $1.009B $977.5M $1.572B
YoY Change -35.82% 4.51% 68.63%
SHAREHOLDERS EQUITY
Retained Earnings -$538.9M -$474.4M -$473.0M
YoY Change 13.93% -597.27% -596.85%
Common Stock $1.793B $1.789B $1.162B
YoY Change 54.38% 54.57% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.203B $1.321B $646.4M
YoY Change
Total Liabilities & Shareholders Equity $2.225B $2.311B $2.231B
YoY Change -0.27% 6.95% 3.47%

Cashflow Statement

Concept 2018 Q4 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income -$136.6M $47.30M $211.6M
YoY Change -164.56% 650.79% -211700.0%
Depreciation, Depletion And Amortization $11.20M $10.20M $10.00M
YoY Change 12.0% -2.86% -91.63%
Cash From Operating Activities $272.2M $8.500M $43.90M
YoY Change 520.05% -180.19% -30.1%
INVESTING ACTIVITIES
Capital Expenditures -$54.50M -$207.4M -$8.800M
YoY Change 519.32% 3300.0% 91.3%
Acquisitions
YoY Change
Other Investing Activities $10.60M $151.3M $42.90M
YoY Change -75.29% -2664.41% 65.0%
Cash From Investing Activities -$43.90M -$56.10M $34.10M
YoY Change -228.74% 367.5% 59.35%
FINANCING ACTIVITIES
Cash Dividend Paid $156.6M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $355.7M
YoY Change 1772.11%
Cash From Financing Activities -1.100M -$12.00M 1.800M
YoY Change -161.11% -132.17% -101.89%
NET CHANGE
Cash From Operating Activities 272.2M $8.500M 43.90M
Cash From Investing Activities -43.90M -$56.10M 34.10M
Cash From Financing Activities -1.100M -$12.00M 1.800M
Net Change In Cash 227.2M -$59.60M 79.80M
YoY Change 184.71% -505.44% -812.5%
FREE CASH FLOW
Cash From Operating Activities $272.2M $8.500M $43.90M
Capital Expenditures -$54.50M -$207.4M -$8.800M
Free Cash Flow $326.7M $215.9M $52.70M
YoY Change 519.92% -4897.78% -21.81%

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149200000 USD
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39500000 USD
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34200000 USD
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33900000 USD
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31700000 USD
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16000000 USD
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17400000 USD
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176000000 USD
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31700000 USD
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3900000 USD
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4500000 USD
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51400000 USD
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23300000 USD
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35100000 USD
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54000000 USD
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8100000 USD
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9300000 USD
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51400000 USD
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37200000 USD
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11700000 USD
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22400000 USD
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79400000 USD
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1800000 USD
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2200000 USD
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2200000 USD
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32700000 USD
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228100000 USD
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30900000 USD
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225900000 USD
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35300000 USD
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3800000 USD
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7500000 USD
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11300000 USD
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9900000 USD
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44800000 USD
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2800000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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16800000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-52900000 USD
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32700000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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228100000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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4.63
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4.30
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2400000 USD
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0.04
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19200000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7200000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4100000 USD
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1400000 USD
CY2017 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-5500000 USD
CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-12900000 USD
CY2016 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-9800000 USD
CY2017 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
229300000 USD
CY2018 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-70500000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-218200000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16300000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6900000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
84400000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12300000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3300000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-11100000 USD
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
700000 USD
CY2017 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
700000 USD
CY2018 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
600000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2400000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
0 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
0 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
10700000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1500000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-4000000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1700000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-100000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-600000 USD
CY2016 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-200000 USD
CY2017 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-100000 USD
CY2018 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
600000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
600000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
100000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-15600000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
8700000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
300000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
0 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
4000000 USD
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
27700000 USD
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
25400000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-400000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3300000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9000000 USD
CY2016 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-7400000 USD
CY2018 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-58400000 USD
CY2017 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-47600000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-12700000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11400000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5500000 USD
CY2016 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
10700000 USD
CY2017 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-40100000 USD
CY2018 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
74200000 USD
CY2016 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
6300000 USD
CY2017 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-47400000 USD
CY2018 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
3600000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
100000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
23000000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13200000 USD
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-5000000 USD
CY2017 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2400000 USD
CY2018 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
4200000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
46900000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
68400000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2000000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
800000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000 USD
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
28300000 USD
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
26400000 USD
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
35900000 USD
CY2016 us-gaap Interest Expense
InterestExpense
26300000 USD
CY2017 us-gaap Interest Expense
InterestExpense
25600000 USD
CY2018 us-gaap Interest Expense
InterestExpense
35300000 USD
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1800000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
5300000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1500000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
26200000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
24900000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
34400000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
31900000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
26500000 USD
CY2017Q4 us-gaap Inventory Real Estate
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67400000 USD
CY2018Q4 us-gaap Inventory Real Estate
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31100000 USD
CY2017Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
151000000 USD
CY2018Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
124100000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
401700000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
171400000 USD
CY2017Q4 us-gaap Liabilities
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1572100000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1009000000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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2231200000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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2225200000 USD
CY2017Q4 us-gaap Liabilities Current
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926800000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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30100000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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585200000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
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739100000 USD
CY2017Q4 us-gaap Minority Interest
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4700000 USD
CY2018Q4 us-gaap Minority Interest
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5700000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
200000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
500000 USD
CY2016 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
5700000 USD
CY2017 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
6100000 USD
CY2018Q4 us-gaap Liabilities Current
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129400000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
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645300000 USD
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
879600000 USD
CY2016 us-gaap Loans Assumed1
LoansAssumed1
0 USD
CY2017 us-gaap Loans Assumed1
LoansAssumed1
0 USD
CY2018 us-gaap Loans Assumed1
LoansAssumed1
61000000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
631200000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
778100000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
46000000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
39000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
418100000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
29900000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
83800000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
165700000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
51600000 USD
CY2018 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
6000000 USD
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NetCashProvidedByUsedInFinancingActivities
-84700000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
96100000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73500000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33200000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3900000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-104700000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
111200000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1300000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
309900000 USD
CY2016 us-gaap Net Income Loss
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-10200000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
6300000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
4300000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
6100000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
211600000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
228300000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
47300000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
2500000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
14800000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-136600000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-72000000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8900000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
230100000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-72000000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6800000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4500000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6600000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
212200000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
47300000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2500000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14800000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-136600000 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
626400000 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1300000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
4500000 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1400000 USD
CY2018 us-gaap Number Of Operating Segments
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3 Segment
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OperatingIncomeLoss
53900000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
17500000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
21800000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30700000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
600000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
28800000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
10300000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18800000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
32400000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-102900000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
172800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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39900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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5500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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13900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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809000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
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97600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
59900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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69300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
78200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
96200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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407800000 USD
CY2016 us-gaap Operating Leases Income Statement Contingent Revenue
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5400000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
3500000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
1500000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-500000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2100000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
900000 USD
CY2017 us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
4400000 USD
CY2018 us-gaap Operating Leases Income Statement Contingent Revenue
OperatingLeasesIncomeStatementContingentRevenue
4700000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
100600000 USD
CY2017 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
99800000 USD
CY2018 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
97700000 USD
CY2016 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
95200000 USD
CY2017 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
95400000 USD
CY2018 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
93000000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6800000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6100000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6100000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
56200000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
70000000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
54800000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
2600000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-400000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
1000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1800000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-500000 USD
CY2016 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1400000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
600000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2017Q4 us-gaap Other Liabilities Current
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39500000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
41500000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
34900000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
49100000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
700000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2016 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
22100000 USD
CY2017 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
29200000 USD
CY2018 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
27600000 USD
CY2017 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
7200000 USD
CY2018 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1500000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
156600000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12300000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10300000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
156600000 USD
CY2016 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1400000 USD
CY2017 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
500000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
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700000 USD
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400000 USD
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31800000 USD
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33000000 USD
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103800000 USD
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300000 USD
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600000 USD
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7800000 USD
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P12M
CY2016 us-gaap Revenues
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CY2018 us-gaap Revenues
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20200000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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18800000 USD
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20400000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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11600000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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18800000 USD
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500000 USD
CY2016 us-gaap Selling General And Administrative Expense
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52000000 USD
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66400000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
61200000 USD
CY2016 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
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5400000 USD
CY2017 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
0 USD
CY2018 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
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0 USD
CY2016 us-gaap Share Based Compensation
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4100000 USD
CY2017 us-gaap Share Based Compensation
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4400000 USD
CY2018 us-gaap Share Based Compensation
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4700000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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2200000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
3700000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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4000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2600000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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13200000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
400000 USD
CY2018Q4 us-gaap Shares Outstanding
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72000000 shares
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4100000 USD
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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49200000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49200000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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66400000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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72000000 shares
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-1300000 USD
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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4400000 USD
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4700000 USD
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1600000 USD
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651100000 USD
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1208300000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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8000000 USD
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7900000 USD
CY2016 us-gaap Transfer To Investments
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0 USD
CY2017 us-gaap Transfer To Investments
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2500000 USD
CY2018 us-gaap Transfer To Investments
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0 USD
CY2017Q4 us-gaap Unbilled Contracts Receivable
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14500000 USD
CY2018Q4 us-gaap Unbilled Contracts Receivable
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3300000 USD
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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6900000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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84600000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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49400000 shares
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49600000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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49600000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49600000 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53000000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72200000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72300000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72400000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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72000000 shares
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70600000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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49000000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
49100000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49200000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49200000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72000000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70600000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer Concentration: </font><font style="font-family:inherit;font-size:10pt;">For the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, the Land Operations segment recognized </font><font style="font-family:inherit;font-size:10pt;">$162.2 million</font><font style="font-family:inherit;font-size:10pt;"> of gross profit from the sale of agricultural land on Maui to Mahi Pono Holdings, LLC</font><font style="font-family:inherit;font-size:10pt;">. Grace derives a significant portion of Materials &amp; Construction revenues from a limited customer base. For the </font><font style="font-family:inherit;font-size:10pt;">years ended December 31, 2018, 2017 and 2016</font><font style="font-family:inherit;font-size:10pt;">, billings of approximately </font><font style="font-family:inherit;font-size:10pt;">$53.0 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$67.7 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">$52.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, were generated directly and indirectly from projects administered by the City and County of Honolulu. For the </font><font style="font-family:inherit;font-size:10pt;">years ended December 31, 2018, 2017 and 2016</font><font style="font-family:inherit;font-size:10pt;">, billings of approximately </font><font style="font-family:inherit;font-size:10pt;">$40.4 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$60.2 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$50.1 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, were generated directly and indirectly from the State of Hawai`i, where Grace served as general contractor or subcontractor.</font></div></div>
CY2018 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Commercial Real Estate: The Commercial Real Estate segment</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:10pt;">owns, operates, leases, and manages a portfolio of retail, office, and industrial properties in Hawai`i; it also leases urban land in Hawai`i to third-party lessees. Commercial Real Estate revenue is recognized on a straight-line basis over the term of the corresponding lease. Also included in rental revenues are certain tenant reimbursements and percentage rents determined in accordance with the terms of the lease. The Company records revenue for real estate taxes paid by its tenants for commercial properties with an offsetting expense in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cost of Commercial Real Estate</font><font style="font-family:inherit;font-size:10pt;"> in the accompanying consolidated statement of operations, as the Company has concluded it is the primary obligor.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates:</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported. Estimates and assumptions are used for, but not limited to: (i) asset impairments, including intangible assets and goodwill, (ii) litigation and contingencies, (iii) revenue recognition for long-term real estate developments and construction contracts, (iv) pension and postretirement estimates, and (v) income taxes. Future results could be materially affected if actual results differ from these estimates and assumptions.</font></div></div>

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