2018 Q1 Form 10-Q Financial Statement

#000170160518000052 Filed on April 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q1
Revenue $5.399B $5.763B $3.064B
YoY Change 76.21% 63.91% -10.07%
Cost Of Revenue $1.758B $4.887B $532.0M
YoY Change 230.45% 127.94% -79.98%
Gross Profit $841.0M $858.0M $687.0M
YoY Change 22.42% 8.2% -3.51%
Gross Profit Margin 15.58% 14.89% 22.42%
Selling, General & Admin $674.0M $785.0M $492.0M
YoY Change 36.99% 328.96% 137.68%
% of Gross Profit 80.14% 91.49% 71.62%
Research & Development $99.00M
YoY Change -2.94%
% of Gross Profit 14.41%
Depreciation & Amortization $388.0M $387.0M $132.0M
YoY Change 193.94% -46.77% -62.71%
% of Gross Profit 46.14% 45.1% 19.21%
Operating Expenses $674.0M $785.0M $492.0M
YoY Change 36.99% 185.45% 59.22%
Operating Profit -$41.00M $73.00M $86.00M
YoY Change -147.67% -85.91% -78.66%
Interest Expense -$66.00M -$54.00M -$53.00M
YoY Change 24.53% 50.0% -3.64%
% of Operating Profit -73.97% -61.63%
Other Income/Expense, Net $2.000M $13.00M $8.000M
YoY Change -75.0%
Pretax Income -$85.00M -$133.0M $74.00M
YoY Change -214.86% -56.54% -112.05%
Income Tax -$86.00M $81.00M $8.000M
% Of Pretax Income 10.81%
Net Earnings $70.00M $31.00M $0.00
YoY Change
Net Earnings / Revenue 1.3% 0.54% 0.0%
Basic Earnings Per Share $0.17 $0.07 $0.00
Diluted Earnings Per Share $0.17 $0.07 $0.00
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.631B $7.023B $4.222B
YoY Change 33.37% 53.61% 92.61%
Cash & Equivalents $5.631B $7.030B $1.027B
Short-Term Investments
Other Short-Term Assets $862.0M $872.0M $673.0M
YoY Change 28.08% 37.76% -32.02%
Inventory $4.696B $4.507B $1.907B
Prepaid Expenses
Receivables $5.865B $6.014B $2.162B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.05B $18.42B $8.964B
YoY Change 90.25% 150.87% 2.2%
LONG-TERM ASSETS
Property, Plant & Equipment $6.593B $6.959B $4.128B
YoY Change 59.71% 199.31% -34.71%
Goodwill $20.44B $19.93B
YoY Change 198.31%
Intangibles $6.203B $6.358B
YoY Change 159.62%
Long-Term Investments
YoY Change
Other Assets $1.718B $2.073B
YoY Change 261.78%
Total Long-Term Assets $38.17B $38.08B $9.712B
YoY Change 292.99% 169.62% -31.44%
TOTAL ASSETS
Total Short-Term Assets $17.05B $18.42B $8.964B
Total Long-Term Assets $38.17B $38.08B $9.712B
Total Assets $55.22B $56.50B $18.68B
YoY Change 195.68% 163.21% -18.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.439B $3.377B $1.088B
YoY Change 216.08% 78.11% -5.64%
Accrued Expenses $833.0M
YoY Change -14.21%
Deferred Revenue $1.775B $1.775B $2.038B
YoY Change -12.9% -12.9% -26.08%
Short-Term Debt $1.176B $1.398B $0.00
YoY Change
Long-Term Debt Due $0.00 $639.0M $134.0M
YoY Change -100.0% 384.09% -17.28%
Total Short-Term Liabilities $8.325B $9.227B $2.130B
YoY Change 290.85% 73.31% -13.48%
LONG-TERM LIABILITIES
Long-Term Debt $6.296B $6.312B $2.884B
YoY Change 118.31% 118.71% -25.77%
Other Long-Term Liabilities $909.0M $889.0M $777.0M
YoY Change 16.99% 109.18% -4.31%
Total Long-Term Liabilities $909.0M $889.0M $3.661B
YoY Change -75.17% 109.18% -22.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.325B $9.227B $2.130B
Total Long-Term Liabilities $909.0M $889.0M $3.661B
Total Liabilities $9.234B $10.12B $6.205B
YoY Change 48.82% -18.54%
SHAREHOLDERS EQUITY
Retained Earnings -$8.000M -$103.0M
YoY Change
Common Stock $14.85B $15.08B
YoY Change 1508299999900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.25B $14.28B $12.47B
YoY Change
Total Liabilities & Shareholders Equity $55.22B $56.50B $18.68B
YoY Change 195.68% 163.21% -18.57%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q1
OPERATING ACTIVITIES
Net Income $70.00M $31.00M $0.00
YoY Change
Depreciation, Depletion And Amortization $388.0M $387.0M $132.0M
YoY Change 193.94% -46.77% -62.71%
Cash From Operating Activities $294.0M -$214.0M -$346.0M
YoY Change -184.97% -104.84% 249.49%
INVESTING ACTIVITIES
Capital Expenditures -$177.0M -$248.0M -$87.00M
YoY Change 103.45% 12300.0% 1.16%
Acquisitions
YoY Change
Other Investing Activities $65.00M -$3.000M -$1.000M
YoY Change -6600.0% -100.54% -100.68%
Cash From Investing Activities -$134.0M -$251.0M -$67.00M
YoY Change 100.0% -145.72% -209.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $190.0M $0.00
YoY Change
Debt Paid & Issued, Net $648.0M $0.00
YoY Change
Cash From Financing Activities -$1.553B 2.707B $457.0M
YoY Change -439.82% -212.14% -581.05%
NET CHANGE
Cash From Operating Activities $294.0M -214.0M -$346.0M
Cash From Investing Activities -$134.0M -251.0M -$67.00M
Cash From Financing Activities -$1.553B 2.707B $457.0M
Net Change In Cash -$1.399B 2.242B $44.00M
YoY Change -3279.55% -12.39% -133.08%
FREE CASH FLOW
Cash From Operating Activities $294.0M -$214.0M -$346.0M
Capital Expenditures -$177.0M -$248.0M -$87.00M
Free Cash Flow $471.0M $34.00M -$259.0M
YoY Change -281.85% -99.23% 1892.31%

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