2018 Q2 Form 10-Q Financial Statement

#000138365018000035 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.407B $992.0M
YoY Change 41.83% 556.95%
Cost Of Revenue $698.0M $577.0M
YoY Change 20.97% 1077.55%
Gross Profit $709.0M $415.0M
YoY Change 70.84% 306.86%
Gross Profit Margin 50.39% 41.83%
Selling, General & Admin $19.00M $25.00M
YoY Change -24.0% 0.0%
% of Gross Profit 2.68% 6.02%
Research & Development $1.000M $1.000M
YoY Change 0.0%
% of Gross Profit 0.14% 0.24%
Depreciation & Amortization $106.0M $86.00M
YoY Change 23.26% 196.55%
% of Gross Profit 14.95% 20.72%
Operating Expenses $952.0M $792.0M
YoY Change 20.2% 473.91%
Operating Profit $455.0M $200.0M
YoY Change 127.5% 1438.46%
Interest Expense $184.0M $154.0M
YoY Change 19.48% 113.89%
% of Operating Profit 40.44% 77.0%
Other Income/Expense, Net -$174.0M -$154.0M
YoY Change 12.99% 36.28%
Pretax Income $281.0M $46.00M
YoY Change 510.87% -145.95%
Income Tax
% Of Pretax Income
Net Earnings $281.0M $46.00M
YoY Change 510.87% -146.0%
Net Earnings / Revenue 19.97% 4.64%
Basic Earnings Per Share
Diluted Earnings Per Share $580.6K $136.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change -100.0%
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $54.00M $39.00M
YoY Change 38.46% 79.51%
Inventory $87.00M $93.00M
Prepaid Expenses
Receivables $377.0M $204.0M
Other Receivables $22.00M $15.00M
Total Short-Term Assets $2.062B $1.216B
YoY Change 69.57% 88.24%
LONG-TERM ASSETS
Property, Plant & Equipment $15.21B $14.92B
YoY Change 1.91% 12.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $224.0M $211.0M
YoY Change 6.16% -3.19%
Total Long-Term Assets $15.48B $15.95B
YoY Change -2.93% 17.15%
TOTAL ASSETS
Total Short-Term Assets $2.062B $1.216B
Total Long-Term Assets $15.48B $15.95B
Total Assets $17.54B $17.16B
YoY Change 2.21% 20.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.00M $44.00M
YoY Change -68.18% 23.66%
Accrued Expenses $572.0M $467.0M
YoY Change 22.48% 38.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $730.0M $623.0M
YoY Change 17.17% -71.22%
LONG-TERM LIABILITIES
Long-Term Debt $16.05B $16.03B
YoY Change 0.13% 38.82%
Other Long-Term Liabilities $8.000M $29.00M
YoY Change -72.41% 16958.82%
Total Long-Term Liabilities $16.05B $16.03B
YoY Change 0.18% 38.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $730.0M $623.0M
Total Long-Term Liabilities $16.05B $16.03B
Total Liabilities $16.78B $16.65B
YoY Change 0.82% 21.44%
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 $728.0M $486.0M
YoY Change
Total Liabilities & Shareholders Equity $17.54B $17.16B
YoY Change 2.21% 20.37%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $281.0M $46.00M
YoY Change 510.87% -146.0%
Depreciation, Depletion And Amortization $106.0M $86.00M
YoY Change 23.26% 196.55%
Cash From Operating Activities $474.0M $209.0M
YoY Change 126.79% -327.17%
INVESTING ACTIVITIES
Capital Expenditures -$151.0M -$374.0M
YoY Change -59.63% -26.52%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$151.0M -$374.0M
YoY Change -59.63% -27.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -279.0M -28.00M
YoY Change 896.43% -104.27%
NET CHANGE
Cash From Operating Activities 474.0M 209.0M
Cash From Investing Activities -151.0M -374.0M
Cash From Financing Activities -279.0M -28.00M
Net Change In Cash 44.00M -193.0M
YoY Change -122.8% -486.0%
FREE CASH FLOW
Cash From Operating Activities $474.0M $209.0M
Capital Expenditures -$151.0M -$374.0M
Free Cash Flow $625.0M $583.0M
YoY Change 7.2% 39.81%

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us-gaap Payments Of Capital Distribution
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Related Party Costs
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us-gaap Related Party Costs
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us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
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us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
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CY2017Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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35000000 USD
us-gaap Repayments Of Debt
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703000000 USD
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0 USD
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us-gaap Research And Development Expense
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1000000 USD
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1000000 USD
us-gaap Research And Development Expense
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1000000 USD
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us-gaap Revenue From Related Parties
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CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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57100000 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
348600000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
348600000 shares

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