$CTBB

2020 Q4 Form 10-Q Financial Statement

#000006862220000012 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $1.801B $2.012B
YoY Change -10.44% -4.78%
Cost Of Revenue $528.0M
YoY Change -12.29%
Gross Profit $1.273B
YoY Change -9.65%
Gross Profit Margin 70.68%
Selling, General & Admin $128.0M
YoY Change -2.29%
% of Gross Profit 10.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $128.0M
YoY Change -90.09%
Operating Profit $617.0M $626.0M
YoY Change -17.51% -8.61%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$105.0M
YoY Change 0.0%
Pretax Income $512.0M
YoY Change -20.37%
Income Tax $133.0M
% Of Pretax Income 25.98%
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 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $14.00M $6.000M $2.000M
Short-Term Investments
Other Short-Term Assets $122.0M $133.0M $128.0M
YoY Change -4.69% -5.67% -12.93%
Inventory
Prepaid Expenses $40.00M $49.00M $41.00M
Receivables $364.0M $402.0M $514.0M
Other Receivables
Total Short-Term Assets $500.0M $541.0M $2.486B
YoY Change -79.89% -75.99% 34.67%
LONG-TERM ASSETS
Property, Plant & Equipment $8.309B $8.321B $8.170B
YoY Change 1.7% 2.69% 1.15%
Goodwill $9.360B $9.360B $9.360B
YoY Change 0.0% 0.0% 0.0%
Intangibles $343.0M $454.0M $779.0M
YoY Change -55.97%
Long-Term Investments
YoY Change
Other Assets $147.0M $178.0M $204.0M
YoY Change -27.94% 81.63% 112.5%
Total Long-Term Assets $18.16B $18.31B $18.51B
YoY Change -1.91% -1.42% -1.2%
TOTAL ASSETS
Total Short-Term Assets $500.0M $541.0M $2.486B
Total Long-Term Assets $18.16B $18.31B $18.51B
Total Assets $18.66B $18.85B $21.00B
YoY Change -11.14% -9.49% 2.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $292.0M $293.0M $403.0M
YoY Change -27.54% -28.88% -8.62%
Accrued Expenses
YoY Change
Deferred Revenue $183.0M $185.0M $201.0M
YoY Change -8.96% -9.76% -5.19%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.604B $2.098B $3.409B
YoY Change 5.72% -5.83% 50.04%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $685.0M $720.0M $712.0M
YoY Change -3.79% 28.8% 30.16%
Total Long-Term Liabilities $685.0M $720.0M $712.0M
YoY Change -3.79% 28.8% 30.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.604B $2.098B $3.409B
Total Long-Term Liabilities $685.0M $720.0M $712.0M
Total Liabilities $4.289B $2.818B $4.121B
YoY Change 4.08% 1.11% 46.19%
SHAREHOLDERS EQUITY
Retained Earnings $48.00M $27.00M $67.00M
YoY Change -28.36% -83.02% -136.81%
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 $10.10B $10.08B $10.12B
YoY Change
Total Liabilities & Shareholders Equity $18.66B $18.85B $21.00B
YoY Change -11.14% -9.49% 2.02%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
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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InterestPaidNet
281000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6000000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3000000 USD
CY2020Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2000000 USD
CY2019Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
10077000000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
10231000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
10077000000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
10231000000 USD
CY2020Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
14 state
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
77000000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
79000000 USD
CY2020Q3 ctl Operating Lease Lease Income Percentof Operating Revenue
OperatingLeaseLeaseIncomePercentofOperatingRevenue
0.04
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
234000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
242000000 USD
ctl Operating Lease Lease Income Percentof Operating Revenue
OperatingLeaseLeaseIncomePercentofOperatingRevenue
0.04
CY2020Q3 us-gaap Goodwill
Goodwill
9360000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
9360000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
454000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
779000000 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2020Q3 ctl Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
17100000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
120000000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
133000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
365000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
404000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
114000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
163000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
58000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
46000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
34000000 USD
CY2020Q3 us-gaap Revenues
Revenues
1801000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2011000000 USD
us-gaap Revenues
Revenues
5518000000 USD
us-gaap Revenues
Revenues
6069000000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40000000 USD
CY2020Q3 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
118000000 USD
CY2019Q3 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
123000000 USD
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
360000000 USD
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
375000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1683000000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1888000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5158000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5694000000 USD
CY2020Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
378000000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
430000000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
13000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
18000000 USD
CY2020Q3 ctl Contract With Customer Contract Liability
ContractWithCustomerContractLiability
297000000 USD
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
462000000 USD
CY2020Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
418000000 USD
CY2019Q4 ctl Contract With Customer Contract Liability
ContractWithCustomerContractLiability
338000000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4126000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
210000000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
269000000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
161000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
32000000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13000000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.96
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4846000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2020Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
4127000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1000000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
45000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
38000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
6000000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
48000000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-5000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
0 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
88000000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
115000000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
5951000000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1105000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
951000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1000000 USD
CY2020Q3 ctl Long Term Debt Maturity Year Five And Thereafter
LongTermDebtMaturityYearFiveAndThereafter
3256000000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
4210000000 USD
ctl Number Of Categories Of Products And Services
NumberOfCategoriesOfProductsAndServices
6 category
CY2020Q3 us-gaap Revenues
Revenues
1801000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2011000000 USD
us-gaap Revenues
Revenues
5518000000 USD
us-gaap Revenues
Revenues
6069000000 USD
CY2020Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
22000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1400000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1100000000 USD
CY2020Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
49000000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
41000000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
49000000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
50000000 USD
CY2020Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
7000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
9000000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
28000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
28000000 USD
CY2020Q3 us-gaap Other Assets Current
OtherAssetsCurrent
133000000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
128000000 USD

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ctl-20200930.htm Edgar Link pending
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ctl-20200930_cal.xml Edgar Link unprocessable
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