2016 Q2 Form 10-Q Financial Statement

#000109166716000549 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $6.161B $2.430B
YoY Change 153.54% 7.57%
Cost Of Revenue $3.072B $1.447B
YoY Change 112.3% 8.88%
Gross Profit $3.089B $983.0M
YoY Change 214.24% 5.7%
Gross Profit Margin 50.14% 40.45%
Selling, General & Admin $445.0M $154.0M
YoY Change 188.96% 2.67%
% of Gross Profit 14.41% 15.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000B $459.0M
YoY Change 117.86% -13.07%
% of Gross Profit 32.37% 46.69%
Operating Expenses $4.004B $1.601B
YoY Change 150.09% 8.25%
Operating Profit $170.0M $269.0M
YoY Change -36.8% 13.98%
Interest Expense -$643.0M -$228.0M
YoY Change 182.02% -208.57%
% of Operating Profit -378.24% -84.76%
Other Income/Expense, Net -$235.0M -$356.0M
YoY Change -33.99% 64.81%
Pretax Income -$65.00M -$87.00M
YoY Change -25.29% -535.0%
Income Tax -$3.179B $35.00M
% Of Pretax Income
Net Earnings $3.067B -$122.0M
YoY Change -2613.93% 171.11%
Net Earnings / Revenue 49.78% -5.02%
Basic Earnings Per Share $16.73 -$1.21
Diluted Earnings Per Share $15.17 -$1.21
COMMON SHARES
Basic Shares Outstanding 183.4M shares 101.1M shares
Diluted Shares Outstanding 205.2M shares 101.1M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $555.0M $30.00M
YoY Change 1750.0% 233.33%
Cash & Equivalents $555.0M $30.00M
Short-Term Investments
Other Short-Term Assets $430.0M $105.0M
YoY Change 309.52% 38.16%
Inventory
Prepaid Expenses
Receivables $1.340B $321.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.325B $456.0M
YoY Change 409.87% 35.31%
LONG-TERM ASSETS
Property, Plant & Equipment $33.36B $8.244B
YoY Change 304.63% 0.57%
Goodwill $29.69B $1.168B
YoY Change 2442.12% -0.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.421B $467.0M
YoY Change 204.28% 13.63%
Total Long-Term Assets $146.9B $16.86B
YoY Change 770.96% -0.99%
TOTAL ASSETS
Total Short-Term Assets $2.325B $456.0M
Total Long-Term Assets $146.9B $16.86B
Total Assets $149.2B $17.32B
YoY Change 761.45% -0.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $448.0M $124.0M
YoY Change 261.29% 12.73%
Accrued Expenses $5.897B $1.423B
YoY Change 314.41% 0.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.071B
YoY Change
Total Short-Term Liabilities $8.807B $1.636B
YoY Change 438.33% 1.87%
LONG-TERM LIABILITIES
Long-Term Debt $60.13B $13.90B
YoY Change 332.73% -0.88%
Other Long-Term Liabilities $2.885B $73.00M
YoY Change 3852.05% 2.82%
Total Long-Term Liabilities $63.02B $13.97B
YoY Change 351.12% -0.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.807B $1.636B
Total Long-Term Liabilities $63.02B $13.97B
Total Liabilities $71.82B $15.61B
YoY Change 360.26% -0.58%
SHAREHOLDERS EQUITY
Retained Earnings $818.0M -$1.965B
YoY Change -141.63% 19.09%
Common Stock $39.53B $1.974B
YoY Change 1902.53% 8.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $99.00M $23.00M
YoY Change 330.43% 35.29%
Treasury Stock Shares 471.9K shares 115.2K shares
Shareholders Equity $40.24B -$31.00M
YoY Change
Total Liabilities & Shareholders Equity $149.2B $17.32B
YoY Change 761.45% -0.29%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $3.067B -$122.0M
YoY Change -2613.93% 171.11%
Depreciation, Depletion And Amortization $1.000B $459.0M
YoY Change 117.86% -13.07%
Cash From Operating Activities $1.590B $531.0M
YoY Change 199.44% -15.98%
INVESTING ACTIVITIES
Capital Expenditures -$1.260B -$432.0M
YoY Change 191.67% -24.21%
Acquisitions
YoY Change
Other Investing Activities -$6.307B $7.115B
YoY Change -188.64% 237066.67%
Cash From Investing Activities -$7.567B $6.683B
YoY Change -213.23% -1278.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.254B -7.204B
YoY Change -172.93% 11906.67%
NET CHANGE
Cash From Operating Activities 1.590B 531.0M
Cash From Investing Activities -7.567B 6.683B
Cash From Financing Activities 5.254B -7.204B
Net Change In Cash -723.0M 10.00M
YoY Change -7330.0% 100.0%
FREE CASH FLOW
Cash From Operating Activities $1.590B $531.0M
Capital Expenditures -$1.260B -$432.0M
Free Cash Flow $2.850B $963.0M
YoY Change 195.95% -19.88%

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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2016Q2 us-gaap Contractual Obligation Due In Fourth Year
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CY2016Q2 us-gaap Contractual Obligation Due In Second Year
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CY2016Q2 us-gaap Contractual Obligation Due In Third Year
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us-gaap Costs And Expenses
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CY2016Q2 us-gaap Costs And Expenses
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CY2016Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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0
CY2016Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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0.0425
us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2016Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2016Q2 us-gaap Defined Benefit Plan Funded Status Of Plan
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us-gaap Defined Benefit Plan Interest Cost
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us-gaap Defined Benefit Plan Other Costs
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us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
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675000000 USD
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us-gaap Defined Benefit Plan Service Cost
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us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.06
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1.00
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us-gaap Depreciation
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Depreciation Amortization And Accretion Net
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CY2016Q2 us-gaap Due From Related Parties Current
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CY2016Q2 us-gaap Due From Related Parties Noncurrent
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CY2016Q2 us-gaap Due To Related Parties Current
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CY2016Q2 us-gaap Due To Related Parties Noncurrent
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2016Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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CY2016Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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3000000 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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CY2015Q4 us-gaap Goodwill
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CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Subsidiaries Before Tax
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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 Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
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us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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CY2016Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2016Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2015Q2 us-gaap Lease And Rental Expense
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us-gaap Lease And Rental Expense
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CY2016Q2 us-gaap Lease And Rental Expense
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us-gaap Lease And Rental Expense
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CY2016Q2 us-gaap Letters Of Credit Outstanding Amount
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CY2016Q2 us-gaap Liabilities And Stockholders Equity
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CY2016Q2 us-gaap Liabilities Current
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CY2016Q2 us-gaap Long Term Debt Current
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CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2016Q2 us-gaap Long Term Debt Noncurrent
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CY2015Q2 us-gaap Marketing And Advertising Expense
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us-gaap Marketing And Advertising Expense
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us-gaap Marketing And Advertising Expense
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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CY2016Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2016Q2 us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Net Income Loss Attributable To Parent Diluted
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2926000000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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us-gaap Nonoperating Income Expense
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CY2016Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Income Loss
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CY2016Q2 us-gaap Operating Income Loss
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690000000 USD
us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2015Q2 us-gaap Other Cost And Expense Operating
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us-gaap Other Cost And Expense Operating
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CY2016Q2 us-gaap Other Cost And Expense Operating
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us-gaap Other Cost And Expense Operating
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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CY2015Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2016Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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0 USD
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CY2015Q4 us-gaap Preferred Stock Value
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CY2016Q2 us-gaap Preferred Stock Value
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CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Proceeds From Contributions From Affiliates
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us-gaap Proceeds From Payments For Long Term Loans For Related Parties
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us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Profit Loss
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CY2016Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Repayments Of Long Term Debt
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Revenues
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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