2016 Q4 Form 10-Q Financial Statement

#000121960116000074 Filed on October 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.923B $2.326B $2.460B
YoY Change -5.13% -5.45% -5.17%
Cost Of Revenue $1.573B $1.838B $1.984B
YoY Change -7.03% -7.36% -6.37%
Gross Profit $350.0M $488.0M $415.0M
YoY Change 4.48% 17.59% -1.66%
Gross Profit Margin 18.2% 20.98% 16.87%
Selling, General & Admin $91.00M $90.00M $94.00M
YoY Change -8.08% -4.26% -1.05%
% of Gross Profit 26.0% 18.44% 22.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.00M $63.00M $61.00M
YoY Change -6.35% 3.28% 15.09%
% of Gross Profit 16.86% 12.91% 14.7%
Operating Expenses $150.0M $90.00M $94.00M
YoY Change 51.52% -4.26% -1.05%
Operating Profit $200.0M $315.0M $281.0M
YoY Change -15.25% 12.1% -14.07%
Interest Expense -$64.00M $59.00M $68.00M
YoY Change -9.86% -13.24% 6.25%
% of Operating Profit -32.0% 18.73% 24.2%
Other Income/Expense, Net $24.00M
YoY Change
Pretax Income $128.0M $254.0M $208.0M
YoY Change -1.54% 22.12% -7.56%
Income Tax $35.00M $48.00M $48.00M
% Of Pretax Income 27.34% 18.9% 23.08%
Net Earnings $65.00M $183.0M $141.0M
YoY Change -1.52% 29.79% -42.21%
Net Earnings / Revenue 3.38% 7.87% 5.73%
Basic Earnings Per Share $1.32 $1.02
Diluted Earnings Per Share $456.1K $1.31 $1.01
COMMON SHARES
Basic Shares Outstanding 139.8M shares 138.7M shares 138.1M shares
Diluted Shares Outstanding 139.5M shares 139.1M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $559.0M $526.0M $466.0M
YoY Change -22.04% 12.88% 22.63%
Cash & Equivalents $559.0M $526.0M $466.0M
Short-Term Investments
Other Short-Term Assets $172.0M $217.0M $311.0M
YoY Change -16.91% -30.23% -15.95%
Inventory $1.245B $1.300B $1.302B
Prepaid Expenses
Receivables $693.0M $859.0M $980.0M
Other Receivables $172.0M $188.0M $203.0M
Total Short-Term Assets $2.841B $3.090B $3.262B
YoY Change -6.82% -5.27% -9.59%
LONG-TERM ASSETS
Property, Plant & Equipment $2.820B $2.746B $2.614B
YoY Change 4.48% 5.05% 6.82%
Goodwill $2.791B
YoY Change -7.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $675.0M $677.0M $689.0M
YoY Change -6.51% -1.74% -0.86%
Total Long-Term Assets $6.758B $6.873B $6.967B
YoY Change -3.47% -1.35% 12.21%
TOTAL ASSETS
Total Short-Term Assets $2.841B $3.090B $3.262B
Total Long-Term Assets $6.758B $6.873B $6.967B
Total Assets $9.599B $9.963B $10.23B
YoY Change -4.49% -2.6% 4.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.674B $2.593B $2.482B
YoY Change 2.93% 4.47% 0.36%
Accrued Expenses
YoY Change
Deferred Revenue $1.000M
YoY Change
Short-Term Debt $33.00M $49.00M $61.00M
YoY Change -38.89% -19.67% -61.15%
Long-Term Debt Due $161.0M $121.0M $142.0M
YoY Change -22.97% -14.79% 57.78%
Total Short-Term Liabilities $2.896B $2.797B $2.730B
YoY Change -0.41% 2.45% -1.3%
LONG-TERM LIABILITIES
Long-Term Debt $4.717B $5.097B $5.608B
YoY Change -10.24% -9.11% 7.85%
Other Long-Term Liabilities $698.0M $652.0M $672.0M
YoY Change -5.03% -2.98% 25.37%
Total Long-Term Liabilities $5.415B $5.749B $6.280B
YoY Change -9.6% -8.46% 9.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.896B $2.797B $2.730B
Total Long-Term Liabilities $5.415B $5.749B $6.280B
Total Liabilities $8.311B $8.546B $9.010B
YoY Change -6.6% -5.15% 5.98%
SHAREHOLDERS EQUITY
Retained Earnings $2.621B
YoY Change 23.34%
Common Stock $929.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $230.0M
YoY Change -0.86%
Treasury Stock Shares 45.90M shares
Shareholders Equity $366.0M $469.0M $140.0M
YoY Change
Total Liabilities & Shareholders Equity $9.599B $9.963B $10.23B
YoY Change -4.49% -2.6% 4.2%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $65.00M $183.0M $141.0M
YoY Change -1.52% 29.79% -42.21%
Depreciation, Depletion And Amortization $59.00M $63.00M $61.00M
YoY Change -6.35% 3.28% 15.09%
Cash From Operating Activities -$510.0M $313.0M $330.0M
YoY Change -179.56% -5.15% 161.9%
INVESTING ACTIVITIES
Capital Expenditures -$229.0M -$101.0M -$65.00M
YoY Change 28.65% 55.38% 3.17%
Acquisitions
YoY Change
Other Investing Activities $1.090B -$2.000M -$7.000M
YoY Change 27150.0% -71.43% -240.0%
Cash From Investing Activities $861.0M -$103.0M -$72.00M
YoY Change -594.83% 43.06% 24.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -310.0M -47.00M -68.00M
YoY Change 51.22% -30.88% -187.18%
NET CHANGE
Cash From Operating Activities -510.0M 313.0M 330.0M
Cash From Investing Activities 861.0M -103.0M -72.00M
Cash From Financing Activities -310.0M -47.00M -68.00M
Net Change In Cash 41.00M 163.0M 190.0M
YoY Change -84.35% -14.21% 30.14%
FREE CASH FLOW
Cash From Operating Activities -$510.0M $313.0M $330.0M
Capital Expenditures -$229.0M -$101.0M -$65.00M
Free Cash Flow -$281.0M $414.0M $395.0M
YoY Change -134.31% 4.81% 108.99%

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us-gaap Objectives For Using Derivative Instruments
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CY2015Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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43000000 USD
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us-gaap Payments To Acquire Property Plant And Equipment
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176000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Pension Contributions
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us-gaap Pension Expense
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us-gaap Pension Expense
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us-gaap Proceeds From Divestiture Of Businesses
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Sales Revenue Net
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us-gaap Selling General And Administrative Expense
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us-gaap Share Based Compensation
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CY2015Q4 us-gaap Short Term Borrowings
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1100000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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139000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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139400000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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138100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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137900000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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138700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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138400000 shares

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