$CTBB

2021 Q3 Form 10-Q Financial Statement

#000006862221000010 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $1.730B $1.724B $1.799B
YoY Change -3.94% -4.17% -11.29%
Cost Of Revenue $426.0M $440.0M $490.0M
YoY Change -19.32% -10.2% -13.27%
Gross Profit $1.304B $1.284B $1.309B
YoY Change 2.44% -1.91% -10.53%
Gross Profit Margin 75.38% 74.48% 72.76%
Selling, General & Admin $36.00M $106.0M $139.0M
YoY Change -71.88% -23.74% -11.46%
% of Gross Profit 2.76% 8.26% 10.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $36.00M $106.0M $139.0M
YoY Change -71.88% -23.74% -89.32%
Operating Profit $859.0M $757.0M $679.0M
YoY Change 39.22% 11.49% -9.47%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$75.00M -$76.00M -$96.00M
YoY Change -28.57% -20.83% -9.43%
Pretax Income $784.0M $681.0M $583.0M
YoY Change 53.13% 16.81% -9.47%
Income Tax $202.0M $172.0M $153.0M
% Of Pretax Income 25.77% 25.26% 26.24%
Net Earnings $582.0M
YoY Change
Net Earnings / Revenue 33.64%
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 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.000M $7.000M $5.000M
Short-Term Investments
Other Short-Term Assets $180.0M $137.0M $141.0M
YoY Change 35.34% -2.84% -4.73%
Inventory
Prepaid Expenses $45.00M $56.00M $56.00M
Receivables $339.0M $327.0M $413.0M
Other Receivables
Total Short-Term Assets $889.0M $471.0M $1.041B
YoY Change 64.33% -54.76% -51.17%
LONG-TERM ASSETS
Property, Plant & Equipment $8.168B $8.200B $8.294B
YoY Change -1.84% -1.13% 3.24%
Goodwill $9.360B $9.360B $9.360B
YoY Change 0.0% 0.0% 0.0%
Intangibles $215.0M $231.0M $567.0M
YoY Change -52.64% -59.26%
Long-Term Investments
YoY Change
Other Assets $161.0M $146.0M $185.0M
YoY Change -9.55% -21.08% 98.92%
Total Long-Term Assets $17.90B $17.94B $18.41B
YoY Change -2.23% -2.55% -1.1%
TOTAL ASSETS
Total Short-Term Assets $889.0M $471.0M $1.041B
Total Long-Term Assets $17.90B $17.94B $18.41B
Total Assets $18.79B $18.41B $19.45B
YoY Change -0.32% -5.34% -6.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $239.0M $232.0M $288.0M
YoY Change -18.43% -19.44% -16.52%
Accrued Expenses
YoY Change
Deferred Revenue $179.0M $182.0M $185.0M
YoY Change -3.24% -1.62% -17.04%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.003B $3.185B $2.393B
YoY Change 43.14% 33.1% 10.02%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $694.0M $687.0M $714.0M
YoY Change -3.61% -3.78% 28.19%
Total Long-Term Liabilities $694.0M $687.0M $714.0M
YoY Change -3.61% -3.78% 28.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.003B $3.185B $2.393B
Total Long-Term Liabilities $694.0M $687.0M $714.0M
Total Liabilities $3.697B $3.872B $3.107B
YoY Change 31.19% 24.62% 13.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.051B $469.0M $73.00M
YoY Change 3792.59% 542.47% -10.98%
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 $11.10B $10.52B $10.12B
YoY Change
Total Liabilities & Shareholders Equity $18.79B $18.41B $19.45B
YoY Change -0.32% -5.34% -6.25%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $582.0M
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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336000000 USD
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us-gaap Interest Paid Capitalized
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97000000 USD
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172000000 USD
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CashAndCashEquivalentsAtCarryingValue
5000000 USD
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8000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Stockholders Equity
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10519000000 USD
CY2020Q2 us-gaap Stockholders Equity
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10123000000 USD
CY2021Q2 us-gaap Number Of States In Which Entity Operates
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14 state
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We reclassified certain prior period amounts to conform to the current period presentation, including our revenue by product and service categories.
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0.04
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343000000 USD
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17100000000 USD
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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245000000 USD
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43000000 USD
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85000000 USD
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60000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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us-gaap Revenues
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us-gaap Revenues
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CY2021Q2 us-gaap Contract With Customer Asset Net
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CY2020Q4 us-gaap Contract With Customer Asset Net
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CY2021Q2 lumn Contract With Customer Contract Liability
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CY2020Q4 lumn Contract With Customer Contract Liability
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CY2021Q2 us-gaap Accounts Receivable Gross
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340000000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
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396000000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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36000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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50000000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
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12000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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175000000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2021Q2 us-gaap Revenue Remaining Performance Obligation
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204000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
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0.90
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
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61000000 USD
us-gaap Provision For Loan Losses Expensed
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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38000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
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9000000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44000000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2021Q2 us-gaap Deferred Finance Costs Net
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53000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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62000000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3105000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3334000000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
949000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
948000000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2156000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2386000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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951000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
250000000 USD
CY2021Q2 lumn Long Term Debt Maturity Year Five And Thereafter
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1951000000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
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3153000000 USD
CY2021Q2 us-gaap Loss Contingency Estimate Of Possible Loss
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19000000 USD
CY2021Q2 us-gaap Loss Contingency Patents Allegedly Infringed Number
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1 patent
us-gaap Dividends Common Stock Cash
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570000000 USD
us-gaap Dividends Common Stock Cash
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925000000 USD
CY2021Q2 us-gaap Prepaid Expense Current
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56000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
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40000000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net Current
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45000000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
47000000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net Current
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30000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
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28000000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous Current
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6000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
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7000000 USD
CY2021Q2 us-gaap Other Assets Current
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137000000 USD
CY2020Q4 us-gaap Other Assets Current
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122000000 USD
CY2021Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
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455000000 USD
CY2020Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
448000000 USD
CY2021Q2 us-gaap Deferred Revenue Noncurrent
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110000000 USD
CY2020Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
108000000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
67000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76000000 USD
CY2021Q2 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
55000000 USD
CY2020Q4 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
53000000 USD
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
687000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
685000000 USD

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