2017 Q4 Form 10-K Financial Statement

#000156459018002325 Filed on February 16, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $1.575B $1.322B $1.398B
YoY Change 19.14% -2.79% -5.92%
Cost Of Revenue $1.090B $1.024B $1.056B
YoY Change 6.45% -10.72% -13.58%
Gross Profit $485.0M $298.0M $342.0M
YoY Change 62.75% 39.91% 29.55%
Gross Profit Margin 30.79% 22.54% 24.46%
Selling, General & Admin $182.0M $492.0M $148.0M
YoY Change -63.01% 225.83% -5.73%
% of Gross Profit 37.53% 165.1% 43.27%
Research & Development $20.00M $21.00M $19.00M
YoY Change -4.76% -27.59% 5.56%
% of Gross Profit 4.12% 7.05% 5.56%
Depreciation & Amortization $69.00M $72.00M $73.00M
YoY Change -4.17% 9.09% 4.29%
% of Gross Profit 14.23% 24.16% 21.35%
Operating Expenses $202.0M $513.0M $167.0M
YoY Change -60.62% 185.0% -4.57%
Operating Profit $283.0M -$215.0M $175.0M
YoY Change -231.63% -751.52% 96.63%
Interest Expense -$46.00M -$70.00M $51.00M
YoY Change -34.29% -9.09% 0.0%
% of Operating Profit -16.25% 29.14%
Other Income/Expense, Net $51.00M $41.00M $161.0M
YoY Change 24.39% 105.0% 1138.46%
Pretax Income $264.0M -$273.0M $234.0M
YoY Change -196.7% 125.62% -318.69%
Income Tax -$4.000M -$43.00M $30.00M
% Of Pretax Income -1.52% 12.82%
Net Earnings $228.0M -$230.0M $204.0M
YoY Change -199.13% 167.44% -803.45%
Net Earnings / Revenue 14.48% -17.4% 14.59%
Basic Earnings Per Share $1.23 -$1.26 $1.12
Diluted Earnings Per Share $1.19 -$1.26 $1.11
COMMON SHARES
Basic Shares Outstanding 181.8M shares 181.6M
Diluted Shares Outstanding 183.5M

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.556B $902.0M $957.0M
YoY Change 72.51% 146.45% 345.12%
Cash & Equivalents $1.556B $902.0M $957.0M
Short-Term Investments
Other Short-Term Assets $83.00M $79.00M $74.00M
YoY Change 5.06% -25.47% -59.78%
Inventory $935.0M $767.0M $846.0M
Prepaid Expenses $83.00M $77.00M $73.00M
Receivables $847.0M $742.0M $805.0M
Other Receivables $72.00M $65.00M $76.00M
Total Short-Term Assets $3.493B $2.553B $2.757B
YoY Change 36.82% 10.95% 11.12%
LONG-TERM ASSETS
Property, Plant & Equipment $3.008B $2.784B $2.825B
YoY Change 8.05% -12.37% -10.88%
Goodwill $153.0M $153.0M $153.0M
YoY Change 0.0% -7.83% -9.47%
Intangibles $18.00M
YoY Change 63.64%
Long-Term Investments $173.0M $136.0M $169.0M
YoY Change 27.21% 0.0% 9.74%
Other Assets $453.0M $417.0M $367.0M
YoY Change 8.63% -17.91% -21.24%
Total Long-Term Assets $3.800B $3.507B $3.532B
YoY Change 8.35% -12.26% -11.03%
TOTAL ASSETS
Total Short-Term Assets $3.493B $2.553B $2.757B
Total Long-Term Assets $3.800B $3.507B $3.532B
Total Assets $7.293B $6.060B $6.289B
YoY Change 20.35% -3.78% -2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.075B $884.0M $835.0M
YoY Change 21.61% -9.15% -17.24%
Accrued Expenses $558.0M $872.0M $569.0M
YoY Change -36.01% 92.07% 28.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $15.00M $32.00M
YoY Change 0.0% -61.54% -15.79%
Total Short-Term Liabilities $1.648B $1.771B $1.436B
YoY Change -6.95% 20.8% -4.58%
LONG-TERM LIABILITIES
Long-Term Debt $4.097B $3.529B $3.713B
YoY Change 16.1% -9.86% -5.38%
Other Long-Term Liabilities $475.0M $524.0M $558.0M
YoY Change -9.35% -5.24% 0.9%
Total Long-Term Liabilities $4.572B $4.053B $4.271B
YoY Change 12.81% -9.29% -4.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.648B $1.771B $1.436B
Total Long-Term Liabilities $4.572B $4.053B $4.271B
Total Liabilities $6.428B $5.956B $5.908B
YoY Change 7.92% -3.44% -7.12%
SHAREHOLDERS EQUITY
Retained Earnings $579.0M -$114.0M $117.0M
YoY Change -607.89% -0.87% -490.0%
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 $2.386M $0.00
Shareholders Equity $860.0M $100.0M $377.0M
YoY Change
Total Liabilities & Shareholders Equity $7.293B $6.060B $6.289B
YoY Change 20.35% -3.78% -2.51%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $228.0M -$230.0M $204.0M
YoY Change -199.13% 167.44% -803.45%
Depreciation, Depletion And Amortization $69.00M $72.00M $73.00M
YoY Change -4.17% 9.09% 4.29%
Cash From Operating Activities $303.0M $270.0M $198.0M
YoY Change 12.22% -10.6% 75.22%
INVESTING ACTIVITIES
Capital Expenditures -$165.0M -$103.0M -$67.00M
YoY Change 60.19% -18.9% -36.19%
Acquisitions
YoY Change
Other Investing Activities -$3.000M -$9.000M $554.0M
YoY Change -66.67% -40.0% 658.9%
Cash From Investing Activities -$168.0M -$112.0M $487.0M
YoY Change 50.0% -21.13% -1621.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -115.0M -166.0M -122.0M
YoY Change -30.72% 1975.0% 12.96%
NET CHANGE
Cash From Operating Activities 303.0M 270.0M 198.0M
Cash From Investing Activities -168.0M -112.0M 487.0M
Cash From Financing Activities -115.0M -166.0M -122.0M
Net Change In Cash 20.00M -8.000M 563.0M
YoY Change -350.0% -105.26% -2185.19%
FREE CASH FLOW
Cash From Operating Activities $303.0M $270.0M $198.0M
Capital Expenditures -$165.0M -$103.0M -$67.00M
Free Cash Flow $468.0M $373.0M $265.0M
YoY Change 25.47% -13.05% 21.56%

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CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-215000000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
79000000
CY2016 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-213000000
CY2016 cc Intercompany Interest Income Expense Net
IntercompanyInterestIncomeExpenseNet
0
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
247000000
CY2015 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0
CY2016Q4 cc Intercompany Receivable
IntercompanyReceivable
0
CY2016Q4 cc Investmentsin Subsidiaries
InvestmentsinSubsidiaries
0
CY2016Q4 cc Intercompany Notes Receivable
IntercompanyNotesReceivable
0
CY2016Q4 cc Intercompany Payable
IntercompanyPayable
0
CY2016Q4 cc Intercompany Notes Payable
IntercompanyNotesPayable
0
CY2016 cc Payments For Proceeds From Intercompany Investing Activities
PaymentsForProceedsFromIntercompanyInvestingActivities
0
CY2016 cc Payments For Proceeds From Intercompany Short Term Borrowings
PaymentsForProceedsFromIntercompanyShortTermBorrowings
0
CY2015 cc Payments For Proceeds From Intercompany Investing Activities
PaymentsForProceedsFromIntercompanyInvestingActivities
0
CY2015 cc Payments For Proceeds From Intercompany Short Term Borrowings
PaymentsForProceedsFromIntercompanyShortTermBorrowings
0
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0

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