$CTBB

2016 Q3 Form 10-Q Financial Statement

#000006862216000019 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $2.226B $2.223B $2.222B
YoY Change -2.67% 0.05% 0.73%
Cost Of Revenue $757.0M $731.0M $743.0M
YoY Change 3.13% -1.62% 6.45%
Gross Profit $1.469B $1.492B $1.479B
YoY Change -5.41% 0.88% -1.92%
Gross Profit Margin 65.99% 67.12% 66.56%
Selling, General & Admin $232.0M $235.0M $256.0M
YoY Change -12.78% -8.2% -6.57%
% of Gross Profit 15.79% 15.75% 17.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.650B $1.621B $1.701B
YoY Change -3.79% -4.7% 2.47%
Operating Profit $576.0M $602.0M $521.0M
YoY Change 0.7% 15.55% -4.58%
Interest Expense $121.0M $120.0M $119.0M
YoY Change 1.68% 0.84% 2.59%
% of Operating Profit 21.01% 19.93% 22.84%
Other Income/Expense, Net -$162.0M -$135.0M -$131.0M
YoY Change 21.8% 3.05% 2.34%
Pretax Income $414.0M $467.0M $390.0M
YoY Change -5.69% 19.74% -6.7%
Income Tax $159.0M $179.0M $152.0M
% Of Pretax Income 38.41% 38.33% 38.97%
Net Earnings
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.000 shares 1.000 shares 1.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.000M $4.000M $6.000M
Short-Term Investments
Other Short-Term Assets $69.00M $78.00M $80.00M
YoY Change -4.17% -2.5% 2.56%
Inventory
Prepaid Expenses $66.00M $70.00M $63.00M
Receivables $679.0M $688.0M $693.0M
Other Receivables
Total Short-Term Assets $1.795B $1.651B $2.196B
YoY Change -24.83% -24.82% 35.39%
LONG-TERM ASSETS
Property, Plant & Equipment $7.507B $7.437B $7.222B
YoY Change 2.92% 2.98% 1.42%
Goodwill $9.354B $9.354B $9.354B
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0M $98.00M $205.0M
YoY Change -53.49% -52.2% 0.99%
Total Long-Term Assets $19.48B $19.58B $20.22B
YoY Change -3.14% -3.18% 46.25%
TOTAL ASSETS
Total Short-Term Assets $1.795B $1.651B $2.196B
Total Long-Term Assets $19.48B $19.58B $20.22B
Total Assets $21.27B $21.23B $22.42B
YoY Change -5.45% -5.3% -0.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $377.0M $350.0M $478.0M
YoY Change -23.22% -26.78% 4.6%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.715B $2.656B $2.397B
YoY Change -7.02% 10.81% -13.78%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $55.00M $61.00M $67.00M
YoY Change -9.84% -8.96% -19.28%
Total Long-Term Liabilities $55.00M $61.00M $67.00M
YoY Change -9.84% -8.96% -19.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.715B $2.656B $2.397B
Total Long-Term Liabilities $55.00M $61.00M $67.00M
Total Liabilities $2.770B $2.717B $2.464B
YoY Change -7.08% 10.27% -13.94%
SHAREHOLDERS EQUITY
Retained Earnings -$1.246B -$1.251B -$682.0M
YoY Change 17.11% 83.43% -17.63%
Common Stock $10.05B $10.05B $10.05B
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.804B $8.799B $9.368B
YoY Change
Total Liabilities & Shareholders Equity $21.27B $21.23B $22.42B
YoY Change -5.45% -5.3% -0.67%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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OtherNonoperatingIncomeExpense
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CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
300000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
700000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
564000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
546000000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
123000000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
148000000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
46000000 USD
CY2015Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
604000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1185000000 USD
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
70000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
99000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
227000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12182000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12619000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7374000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7437000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
39000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
40000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
106000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
241000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1143000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1251000000 USD
CY2016Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
650000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1304000000 USD
CY2015Q2 us-gaap Revenues
Revenues
2222000000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
256000000 USD
us-gaap Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
We do not have any single external customer that provides more than 10% of our total consolidated operating revenues.
us-gaap Revenues
Revenues
4439000000 USD
CY2016Q2 us-gaap Revenues
Revenues
2223000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3172000000 USD
us-gaap Revenues
Revenues
4476000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1618000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3254000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1573000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
526000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
235000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
485000000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
9368000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
8907000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
8799000000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
189000000 USD
CY2016Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
165000000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
123000000 USD
CY2016Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
130000000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We reclassified certain prior period amounts to conform to the current period presentation, including the categorization of our revenues. See Note&#160;4&#8212;Products and Services Revenues for additional information. These changes had no impact on total operating revenues, total operating expenses or net income for any period.</font></div></div>

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