2018 Q3 Form 10-Q Financial Statement

#000138365018000054 Filed on November 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $1.529B $903.0M
YoY Change 69.32% 172.81%
Cost Of Revenue $756.0M $490.0M
YoY Change 54.29% 208.18%
Gross Profit $773.0M $413.0M
YoY Change 87.17% 140.12%
Gross Profit Margin 50.56% 45.74%
Selling, General & Admin $21.00M $23.00M
YoY Change -8.7% -16.06%
% of Gross Profit 2.72% 5.57%
Research & Development $1.000M $1.000M
YoY Change 0.0%
% of Gross Profit 0.13% 0.24%
Depreciation & Amortization $107.0M $87.00M
YoY Change 22.99% 97.73%
% of Gross Profit 13.84% 21.07%
Operating Expenses $1.037B $706.0M
YoY Change 46.88% 149.47%
Operating Profit $492.0M $197.0M
YoY Change 149.75% 310.42%
Interest Expense $183.0M $153.0M
YoY Change 19.61% 34.21%
% of Operating Profit 37.2% 77.66%
Other Income/Expense, Net -$185.0M -$174.0M
YoY Change 6.32% 33.85%
Pretax Income $307.0M $23.00M
YoY Change 1234.78% -128.22%
Income Tax
% Of Pretax Income
Net Earnings $307.0M $23.00M
YoY Change 1234.78% -128.05%
Net Earnings / Revenue 20.08% 2.55%
Basic Earnings Per Share
Diluted Earnings Per Share $634.3K $53.09K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q3
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 $55.00M $35.00M
YoY Change 57.14% 116.26%
Inventory $88.00M $77.00M
Prepaid Expenses
Receivables $424.0M $229.0M
Other Receivables $11.00M $18.00M
Total Short-Term Assets $2.035B $1.754B
YoY Change 16.02% 116.97%
LONG-TERM ASSETS
Property, Plant & Equipment $15.28B $15.10B
YoY Change 1.23% 9.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $179.0M $213.0M
YoY Change -15.96% -1.81%
Total Long-Term Assets $15.50B $15.44B
YoY Change 0.41% 9.22%
TOTAL ASSETS
Total Short-Term Assets $2.035B $1.754B
Total Long-Term Assets $15.50B $15.44B
Total Assets $17.54B $17.19B
YoY Change 2.01% 15.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.00M $24.00M
YoY Change -45.83% 18.03%
Accrued Expenses $503.0M $419.0M
YoY Change 20.05% 8.17%
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 $694.0M $637.0M
YoY Change 8.95% -72.45%
LONG-TERM LIABILITIES
Long-Term Debt $16.06B $16.04B
YoY Change 0.12% 31.52%
Other Long-Term Liabilities $10.00M $29.00M
YoY Change -65.52% 17265.27%
Total Long-Term Liabilities $16.07B $16.04B
YoY Change 0.18% 31.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $694.0M $637.0M
Total Long-Term Liabilities $16.07B $16.04B
Total Liabilities $16.76B $16.68B
YoY Change 0.52% 14.95%
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 $748.0M $485.0M
YoY Change
Total Liabilities & Shareholders Equity $17.54B $17.19B
YoY Change 2.01% 15.05%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $307.0M $23.00M
YoY Change 1234.78% -128.05%
Depreciation, Depletion And Amortization $107.0M $87.00M
YoY Change 22.99% 97.73%
Cash From Operating Activities $459.0M $189.0M
YoY Change 142.86% 237.5%
INVESTING ACTIVITIES
Capital Expenditures -$233.0M -$297.0M
YoY Change -21.55% -55.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$233.0M -$297.0M
YoY Change -21.55% -55.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -290.0M -12.00M
YoY Change 2316.67% -101.66%
NET CHANGE
Cash From Operating Activities 459.0M 189.0M
Cash From Investing Activities -233.0M -297.0M
Cash From Financing Activities -290.0M -12.00M
Net Change In Cash -64.00M -120.0M
YoY Change -46.67% -200.84%
FREE CASH FLOW
Cash From Operating Activities $459.0M $189.0M
Capital Expenditures -$233.0M -$297.0M
Free Cash Flow $692.0M $486.0M
YoY Change 42.39% -32.12%

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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
513000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1264000000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
23000000 USD
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
us-gaap Net Income Loss
NetIncomeLoss
116000000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
307000000 USD
us-gaap Net Income Loss
NetIncomeLoss
923000000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-500000000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-185000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-532000000 USD
CY2017Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
73000000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
205000000 USD
CY2018Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
113000000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
306000000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
706000000 USD
us-gaap Operating Expenses
OperatingExpenses
2170000000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
1037000000 USD
us-gaap Operating Expenses
OperatingExpenses
3074000000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
197000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
616000000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
492000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1455000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
0 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9000000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
65000000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
55000000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
8000000 USD
CY2018Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
8000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
206000000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
179000000 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1000000 USD
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11000000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5000000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19000000 USD
CY2017Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
6000000 USD
CY2018Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
11000000 USD
CY2017Q4 us-gaap Partners Capital
PartnersCapital
639000000 USD
CY2018Q3 us-gaap Partners Capital
PartnersCapital
748000000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
814000000 USD
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
74000000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
814000000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
6000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
47000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8000000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1195000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
578000000 USD
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
3814000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1100000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15139000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15282000000 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
191000000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
224000000 USD
CY2017Q3 us-gaap Related Party Costs
RelatedPartyCosts
0 USD
us-gaap Related Party Costs
RelatedPartyCosts
0 USD
CY2018Q3 us-gaap Related Party Costs
RelatedPartyCosts
0 USD
us-gaap Related Party Costs
RelatedPartyCosts
0 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
CY2018Q3 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
53000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2173000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
1090000000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2000000 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1589000000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1457000000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
897000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2763000000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1465000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4412000000 USD
CY2018Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
56900000000 USD
CY2017Q3 us-gaap Revenues
Revenues
903000000 USD
us-gaap Revenues
Revenues
2786000000 USD
CY2018Q3 us-gaap Revenues
Revenues
1529000000 USD
us-gaap Revenues
Revenues
4529000000 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
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
64000000 USD
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
CY2018Q3 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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