2017 Q3 Form 10-Q Financial Statement

#000138365017000056 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $903.0M $331.0M
YoY Change 172.81% 390.1%
Cost Of Revenue $490.0M $159.0M
YoY Change 208.18% -600.41%
Gross Profit $413.0M $172.0M
YoY Change 140.12% 73.19%
Gross Profit Margin 45.74% 51.96%
Selling, General & Admin $23.00M $27.40M
YoY Change -16.06% -6.8%
% of Gross Profit 5.57% 15.93%
Research & Development $1.000M $0.00
YoY Change -100.0%
% of Gross Profit 0.24% 0.0%
Depreciation & Amortization $87.00M $44.00M
YoY Change 97.73% 163.68%
% of Gross Profit 21.07% 25.58%
Operating Expenses $706.0M $283.0M
YoY Change 149.47% 795.12%
Operating Profit $197.0M $48.00M
YoY Change 310.42% 33.63%
Interest Expense $153.0M $114.0M
YoY Change 34.21% 130.96%
% of Operating Profit 77.66% 237.5%
Other Income/Expense, Net -$174.0M -$130.0M
YoY Change 33.85% 116.48%
Pretax Income $23.00M -$81.50M
YoY Change -128.22% 238.17%
Income Tax
% Of Pretax Income
Net Earnings $23.00M -$82.00M
YoY Change -128.05% 239.8%
Net Earnings / Revenue 2.55% -24.77%
Basic Earnings Per Share -$0.27
Diluted Earnings Per Share $53.09K -$0.27
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $12.00M
YoY Change -100.0% -92.94%
Cash & Equivalents $0.00 $12.47M
Short-Term Investments
Other Short-Term Assets $35.00M $16.18M
YoY Change 116.26% -96.03%
Inventory $77.00M $60.52M
Prepaid Expenses
Receivables $229.0M $138.0M
Other Receivables $18.00M $13.00M
Total Short-Term Assets $1.754B $808.4M
YoY Change 116.97% 25.76%
LONG-TERM ASSETS
Property, Plant & Equipment $15.10B $13.79B
YoY Change 9.49% 22.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $213.0M $216.9M
YoY Change -1.81% 13.59%
Total Long-Term Assets $15.44B $14.13B
YoY Change 9.22% 18.73%
TOTAL ASSETS
Total Short-Term Assets $1.754B $808.4M
Total Long-Term Assets $15.44B $14.13B
Total Assets $17.19B $14.94B
YoY Change 15.05% 19.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.00M $20.33M
YoY Change 18.03% 186.54%
Accrued Expenses $419.0M $387.3M
YoY Change 8.17% 9.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.763B
YoY Change -100.0%
Total Short-Term Liabilities $637.0M $2.312B
YoY Change -72.45% 441.0%
LONG-TERM LIABILITIES
Long-Term Debt $16.04B $12.20B
YoY Change 31.52% 8.46%
Other Long-Term Liabilities $29.00M $167.0K
YoY Change 17265.27% -85.81%
Total Long-Term Liabilities $16.04B $12.20B
YoY Change 31.52% 8.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $637.0M $2.312B
Total Long-Term Liabilities $16.04B $12.20B
Total Liabilities $16.68B $14.51B
YoY Change 14.95% 24.29%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $485.0M $382.0M
YoY Change
Total Liabilities & Shareholders Equity $17.19B $14.94B
YoY Change 15.05% 19.09%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $23.00M -$82.00M
YoY Change -128.05% 239.8%
Depreciation, Depletion And Amortization $87.00M $44.00M
YoY Change 97.73% 163.68%
Cash From Operating Activities $189.0M $56.00M
YoY Change 237.5% -1700.0%
INVESTING ACTIVITIES
Capital Expenditures -$297.0M -$660.0M
YoY Change -55.0% -6.17%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$297.0M -$660.0M
YoY Change -55.0% -17468.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.00M 723.0M
YoY Change -101.66% -3015.32%
NET CHANGE
Cash From Operating Activities 189.0M 56.00M
Cash From Investing Activities -297.0M -660.0M
Cash From Financing Activities -12.00M 723.0M
Net Change In Cash -120.0M 119.0M
YoY Change -200.84% -585.71%
FREE CASH FLOW
Cash From Operating Activities $189.0M $56.00M
Capital Expenditures -$297.0M -$660.0M
Free Cash Flow $486.0M $716.0M
YoY Change -32.12% 2.3%

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CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
283000000 USD
us-gaap Operating Expenses
OperatingExpenses
498000000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
706000000 USD
us-gaap Operating Expenses
OperatingExpenses
2170000000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
48000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
51000000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
197000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
616000000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2000000 USD
CY2017Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9000000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
29000000 USD
CY2017Q3 us-gaap Other Assets Current
OtherAssetsCurrent
35000000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
18000000 USD
CY2017Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
8000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
222000000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
213000000 USD
CY2016Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1000000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000000 USD
CY2016Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2000000 USD
CY2017Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
18000000 USD
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2000000 USD
CY2017Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
7000000 USD
CY2016Q4 us-gaap Partners Capital
PartnersCapital
443000000 USD
CY2017Q3 us-gaap Partners Capital
PartnersCapital
485000000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
74000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
39000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
74000000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
74000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
89000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
47000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1884000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1195000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
5419000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
3814000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14158000000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15097000000 USD
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
90000000 USD
CY2017Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
172000000 USD
CY2016Q3 us-gaap Related Party Costs
RelatedPartyCosts
1000000 USD
us-gaap Related Party Costs
RelatedPartyCosts
1000000 USD
CY2017Q3 us-gaap Related Party Costs
RelatedPartyCosts
0 USD
us-gaap Related Party Costs
RelatedPartyCosts
0 USD
CY2016Q3 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
1000000 USD
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
3000000 USD
CY2017Q3 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
1000000 USD
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
2000000 USD
CY2016Q3 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
25000000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
68000000 USD
CY2017Q3 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
18000000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
63000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
3130000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2173000000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
605000000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1395000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
48000000 USD
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
16000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
16000000 USD
CY2017Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
111000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
864000000 USD
CY2016Q3 us-gaap Revenues
Revenues
331000000 USD
us-gaap Revenues
Revenues
549000000 USD
CY2017Q3 us-gaap Revenues
Revenues
903000000 USD
us-gaap Revenues
Revenues
2786000000 USD
CY2016Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
64000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
194000000 USD
CY2017Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
65000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
195000000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-106000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-331000000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-194000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-151000000 USD
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57100000 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
247200000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
121200000 shares

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