2016 Q3 Form 10-Q Financial Statement

#000162828016021057 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $550.3M $563.2M $688.5M
YoY Change -20.07% -24.42% -7.24%
Cost Of Revenue $450.4M $537.7M $540.2M
YoY Change -16.62% -11.94% -16.52%
Gross Profit $11.80M -$44.96M -$2.237B
YoY Change -100.53% -239.36% 38128.88%
Gross Profit Margin 2.14% -7.98% -324.88%
Selling, General & Admin $20.50M $26.20M $25.73M
YoY Change -20.34% -2.96% -8.55%
% of Gross Profit 173.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.40M $73.10M $104.0M
YoY Change -33.27% -31.49% -1.05%
% of Gross Profit 588.38%
Operating Expenses $538.5M $109.2M $2.925B
YoY Change -81.59% -9.23% 276.26%
Operating Profit -$33.79M -$539.0M -$2.336B
YoY Change -98.55% 10064.68% 6517.16%
Interest Expense $46.16M -$98.50M $99.76M
YoY Change -53.72% 0.0% 1.57%
% of Operating Profit
Other Income/Expense, Net -$20.90M -$7.482M
YoY Change 179.39%
Pretax Income -$54.69M -$654.4M -$2.343B
YoY Change -97.67% 543.46% 1681.09%
Income Tax -$3.270M -$22.00M -$343.9M
% Of Pretax Income
Net Earnings -$51.42M -$632.4M -$1.999B
YoY Change -97.43% 163.34% 1956.69%
Net Earnings / Revenue -9.34% -112.28% -290.41%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.413M -$29.70 -$93.91
COMMON SHARES
Basic Shares Outstanding 21.29M shares 21.29M shares 212.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $511.7M $651.0M $694.5M
YoY Change -26.33% -33.79% -33.54%
Cash & Equivalents $400.2M $450.8M $494.8M
Short-Term Investments $111.5M $200.2M $199.7M
Other Short-Term Assets $36.96M $39.87M $51.40M
YoY Change -28.09% -26.87% 3.9%
Inventory $159.4M $196.7M $239.0M
Prepaid Expenses
Receivables $165.5M $117.4M $217.7M
Other Receivables $17.00M $19.00M $21.00M
Total Short-Term Assets $979.3M $1.139B $1.319B
YoY Change -25.77% -26.18% -18.85%
LONG-TERM ASSETS
Property, Plant & Equipment $3.435B $3.619B $4.173B
YoY Change -17.69% -43.92% -36.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $164.2M $201.9M $206.3M
YoY Change -20.41% -14.4% -11.09%
Other Assets $58.57M $58.38M $119.4M
YoY Change -50.96% -55.39% -18.35%
Total Long-Term Assets $243.8M $283.9M $355.6M
YoY Change -31.45% -34.51% -22.85%
TOTAL ASSETS
Total Short-Term Assets $979.3M $1.139B $1.319B
Total Long-Term Assets $243.8M $283.9M $355.6M
Total Assets $4.658B $5.042B $5.848B
YoY Change -20.35% -40.19% -32.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.97M $128.1M $152.2M
YoY Change -40.9% -28.86% -12.43%
Accrued Expenses $223.8M $329.5M $310.7M
YoY Change -27.99% 8.95% -9.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $5.042B $32.00M
YoY Change -90.63% 13527.03% 6.67%
Total Short-Term Liabilities $317.1M $5.500B $495.2M
YoY Change -35.96% 958.91% -9.39%
LONG-TERM LIABILITIES
Long-Term Debt $30.04M $30.95M $5.108B
YoY Change -99.41% -99.4% -0.35%
Other Long-Term Liabilities $65.82M $119.2M $248.8M
YoY Change -73.54% -22.5% 37.33%
Total Long-Term Liabilities $95.86M $150.1M $5.357B
YoY Change -98.21% -97.16% 0.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $317.1M $5.500B $495.2M
Total Long-Term Liabilities $95.86M $150.1M $5.357B
Total Liabilities $6.334B $6.286B $6.453B
YoY Change -1.85% -7.03% -3.46%
SHAREHOLDERS EQUITY
Retained Earnings -$4.679B -$4.245B -$3.613B
YoY Change 29.52% 218.73% 230.92%
Common Stock $3.058B $3.056B $3.055B
YoY Change 0.11% 0.19% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $53.86M $53.86M $53.86M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 152.0K shares 152.0K shares 152.0K shares
Shareholders Equity -$1.676B -$1.244B -$605.4M
YoY Change
Total Liabilities & Shareholders Equity $4.658B $5.042B $5.848B
YoY Change -20.35% -40.19% -32.15%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$51.42M -$632.4M -$1.999B
YoY Change -97.43% 163.34% 1956.69%
Depreciation, Depletion And Amortization $69.40M $73.10M $104.0M
YoY Change -33.27% -31.49% -1.05%
Cash From Operating Activities $29.10M $35.30M $45.90M
YoY Change -36.6% -199.16% -42.84%
INVESTING ACTIVITIES
Capital Expenditures $8.296M -$9.800M $9.889M
YoY Change -16.11% -69.66% -56.92%
Acquisitions
YoY Change
Other Investing Activities $112.5M -$49.00M $39.20M
YoY Change 186.99% -650.56% 1020.0%
Cash From Investing Activities $104.5M -$58.90M $24.00M
YoY Change 335.42% 151.71% -221.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.200M -20.40M -14.70M
YoY Change -78.23% 655.56% 200.0%
NET CHANGE
Cash From Operating Activities 29.10M 35.30M 45.90M
Cash From Investing Activities 104.5M -58.90M 24.00M
Cash From Financing Activities -3.200M -20.40M -14.70M
Net Change In Cash 130.4M -44.00M 55.20M
YoY Change 136.23% -28.69% -0.9%
FREE CASH FLOW
Cash From Operating Activities $29.10M $35.30M $45.90M
Capital Expenditures $8.296M -$9.800M $9.889M
Free Cash Flow $20.80M $45.10M $36.01M
YoY Change -42.23% -1466.67% -37.2%

Facts In Submission

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0 USD
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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0 USD
us-gaap Nondebtor Reorganization Items Net Gain Loss On Settlement Of Other Claims1
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0 USD
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us-gaap Nonoperating Income Expense
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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4000 USD
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0 USD
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0 USD
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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0 USD
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us-gaap Other Depreciation And Amortization
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2900000 USD
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0 USD
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Royalty Interests In Mining Properties
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us-gaap Payments To Acquire Royalty Interests In Mining Properties
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305000 USD
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243798000 USD
CY2015Q4 us-gaap Prepaid Mineral Royalties Noncurrent
PrepaidMineralRoyaltiesNoncurrent
23671000 USD
CY2016Q3 us-gaap Prepaid Mineral Royalties Noncurrent
PrepaidMineralRoyaltiesNoncurrent
20997000 USD
CY2015Q4 us-gaap Prepaid Royalties
PrepaidRoyalties
10022000 USD
CY2016Q3 us-gaap Prepaid Royalties
PrepaidRoyalties
4805000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-12192000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-12083000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
248362000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
187006000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3619029000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3434941000 USD
us-gaap Recapitalization Costs
RecapitalizationCosts
0 USD
us-gaap Recapitalization Costs
RecapitalizationCosts
-16634000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
135767000 USD
CY2016Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
182749000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14625000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
97542000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
81563000 USD
CY2015Q3 us-gaap Restructuring Costs
RestructuringCosts
149314000 USD
us-gaap Restructuring Costs
RestructuringCosts
149314000 USD
CY2016Q3 us-gaap Restructuring Costs
RestructuringCosts
0 USD
us-gaap Restructuring Costs
RestructuringCosts
0 USD
CY2015Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2120292000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2139438000 USD
CY2016Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
129300000 USD
CY2016Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
46000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
129267000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4244967000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4678977000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25731000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
72604000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20498000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59343000 USD
CY2016Q3 us-gaap Severance Costs1
SeveranceCosts1
7200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4459000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2096000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
-1244289000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
-1676094000 USD
CY2015Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.1
CY2015Q3 us-gaap Trading Gains Losses
TradingGainsLosses
4400000 USD
us-gaap Trading Gains Losses
TradingGainsLosses
-3300000 USD
CY2016Q3 us-gaap Trading Gains Losses
TradingGainsLosses
-100000 USD
us-gaap Trading Gains Losses
TradingGainsLosses
-900000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
152000 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
152000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
53863000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
53863000 USD
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21292000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21283000 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21293000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21293000 shares
CY2015Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
16875000 USD
CY2015Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
112270000 USD
CY2016Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
13639000 USD
CY2016Q3 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
119828000 USD

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