$CTBB

2018 Q3 Form 10-Q Financial Statement

#000006862218000009 Filed on August 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q2
Revenue $2.149B $2.101B $2.133B
YoY Change 0.37% -1.5% -4.05%
Cost Of Revenue $697.0M $702.0M $723.0M
YoY Change -6.06% -2.9% -1.09%
Gross Profit $1.452B $1.399B $1.410B
YoY Change 3.79% -0.78% -5.5%
Gross Profit Margin 67.57% 66.59% 66.1%
Selling, General & Admin $172.0M $215.0M $235.0M
YoY Change -25.54% -8.51% 0.0%
% of Gross Profit 11.85% 15.37% 16.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.432B $1.475B $1.560B
YoY Change -9.42% -5.45% -3.76%
Operating Profit $717.0M $626.0M $573.0M
YoY Change 28.04% 9.25% -4.82%
Interest Expense $112.0M $120.0M $117.0M
YoY Change -4.27% 2.56% -2.5%
% of Operating Profit 15.62% 19.17% 20.42%
Other Income/Expense, Net -$153.0M -$118.0M -$135.0M
YoY Change 20.47% -12.59% 0.0%
Pretax Income $564.0M $508.0M $438.0M
YoY Change 30.25% 15.98% -6.21%
Income Tax $111.0M $81.00M $170.0M
% Of Pretax Income 19.68% 15.94% 38.81%
Net Earnings $453.0M $427.0M
YoY Change
Net Earnings / Revenue 21.08% 20.32%
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 2018 Q3 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $6.000M $11.00M $6.000M
Short-Term Investments
Other Short-Term Assets $278.0M $222.0M $69.00M
YoY Change 122.4% 221.74% -11.54%
Inventory
Prepaid Expenses $57.00M $51.00M $54.00M
Receivables $592.0M $562.0M $620.0M
Other Receivables
Total Short-Term Assets $1.545B $2.474B $1.597B
YoY Change -7.04% 54.92% -3.27%
LONG-TERM ASSETS
Property, Plant & Equipment $7.944B $7.941B $7.806B
YoY Change 0.0% 1.73% 4.96%
Goodwill $9.360B $9.360B $9.360B
YoY Change 0.0% 0.0% 0.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $126.0M $120.0M $85.00M
YoY Change 59.49% 41.18% -13.27%
Total Long-Term Assets $18.76B $18.89B $19.30B
YoY Change -2.67% -2.12% -1.44%
TOTAL ASSETS
Total Short-Term Assets $1.545B $2.474B $1.597B
Total Long-Term Assets $18.76B $18.89B $19.30B
Total Assets $20.31B $21.36B $20.89B
YoY Change -3.01% 2.24% -1.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $298.0M $289.0M $358.0M
YoY Change -18.58% -19.27% 2.29%
Accrued Expenses
YoY Change
Deferred Revenue $249.0M $209.0M
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.132B $2.072B $2.171B
YoY Change -3.18% -4.56% -18.26%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $448.0M $341.0M $91.00M
YoY Change 397.78% 274.73% 49.18%
Total Long-Term Liabilities $448.0M $341.0M $91.00M
YoY Change 397.78% 274.73% 49.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.132B $2.072B $2.171B
Total Long-Term Liabilities $448.0M $341.0M $91.00M
Total Liabilities $2.580B $2.413B $2.262B
YoY Change 12.57% 6.68% -16.75%
SHAREHOLDERS EQUITY
Retained Earnings -$231.0M -$353.0M -$1.424B
YoY Change -83.0% -75.21% 13.83%
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 $9.819B $9.697B $8.626B
YoY Change
Total Liabilities & Shareholders Equity $20.31B $21.36B $20.89B
YoY Change -3.01% 2.24% -1.58%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $453.0M $427.0M
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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NonoperatingIncomeExpense
-263000000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-118000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-240000000 USD
CY2017Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
965000000 USD
CY2018Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
981000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2018Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
14 state
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
1560000000 USD
us-gaap Operating Expenses
OperatingExpenses
3142000000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
1475000000 USD
us-gaap Operating Expenses
OperatingExpenses
2973000000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
573000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1153000000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
626000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1258000000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
98000000 USD
CY2018Q2 us-gaap Other Assets Current
OtherAssetsCurrent
222000000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
7000000 USD
CY2018Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
18000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
75000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
430000000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
8626000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
9337000000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
9697000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
174000000 USD
CY2018Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
101000000 USD
CY2017Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
49000000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
120000000 USD
CY2017Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
379000000 USD
CY2018Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
344000000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
61000000 USD
CY2018Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
79000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
82000000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
341000000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
600000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
575000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
694000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
510000000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
42000000 USD
CY2018Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
51000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
638000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
43000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7924000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7941000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
37000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
39000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
627000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8000000 USD
CY2017Q2 us-gaap Restricted Cash
RestrictedCash
2000000 USD
CY2018Q2 us-gaap Restricted Cash
RestrictedCash
2000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-713000000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-353000000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2021000000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4074000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
314000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y6M
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.90
CY2017Q2 us-gaap Revenues
Revenues
2133000000 USD
us-gaap Revenues
Revenues
4295000000 USD
CY2018Q2 us-gaap Revenues
Revenues
2101000000 USD
us-gaap Revenues
Revenues
4231000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
235000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
479000000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
215000000 USD
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
145000000 USD

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