2016 Q1 Form 10-Q Financial Statement

#000085847016000049 Filed on May 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $281.9M $464.8M
YoY Change -39.34% -8.83%
Cost Of Revenue $247.1M
YoY Change
Gross Profit $11.40M
YoY Change
Gross Profit Margin 4.04%
Selling, General & Admin $11.70M
YoY Change
% of Gross Profit 102.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $161.9M $175.5M
YoY Change -7.76% 19.05%
% of Gross Profit 1420.06%
Operating Expenses $340.4M $379.0M
YoY Change -10.19% 20.7%
Operating Profit -$55.09M $87.30M
YoY Change -163.1% -55.12%
Interest Expense -$1.400M
YoY Change
% of Operating Profit
Other Income/Expense, Net $600.0K
YoY Change
Pretax Income -$79.96M $63.73M
YoY Change -225.48% -64.18%
Income Tax -$28.77M $23.47M
% Of Pretax Income 36.83%
Net Earnings -$51.19M $40.26M
YoY Change -227.17%
Net Earnings / Revenue -18.16% 8.66%
Basic Earnings Per Share -$0.12 $0.10
Diluted Earnings Per Share -$0.12 $0.10
COMMON SHARES
Basic Shares Outstanding 431.8M shares 413.3M shares
Diluted Shares Outstanding 431.8M shares 414.8M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $579.3M $13.95M
Short-Term Investments
Other Short-Term Assets $1.371M $2.046M
YoY Change -32.99% 44.59%
Inventory $15.95M $14.09M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $720.7M $349.4M
YoY Change 106.26% -6.53%
LONG-TERM ASSETS
Property, Plant & Equipment $4.838B $5.059B
YoY Change -4.37% 7.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $117.2M $74.53M
YoY Change 57.23% 126.04%
Other Assets $27.03M $29.59M
YoY Change -8.65% -51.79%
Total Long-Term Assets $4.982B $5.163B
YoY Change -3.5% 8.19%
TOTAL ASSETS
Total Short-Term Assets $720.7M $349.4M
Total Long-Term Assets $4.982B $5.163B
Total Assets $5.703B $5.512B
YoY Change 3.45% 7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $148.0M $321.2M
YoY Change -53.93% 7.9%
Accrued Expenses $17.83M $34.58M
YoY Change -48.45% -26.74%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $20.00M
YoY Change
Total Short-Term Liabilities $199.4M $402.7M
YoY Change -50.49% -6.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.583B $1.877B
YoY Change -15.65% 53.6%
Other Long-Term Liabilities $28.74M $38.41M
YoY Change -25.17% 1.39%
Total Long-Term Liabilities $1.612B $1.915B
YoY Change -15.84% 52.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $199.4M $402.7M
Total Long-Term Liabilities $1.612B $1.915B
Total Liabilities $2.759B $3.337B
YoY Change -17.33% 15.98%
SHAREHOLDERS EQUITY
Retained Earnings $1.493B $1.731B
YoY Change -13.78% 0.26%
Common Stock $1.759B $753.5M
YoY Change 133.4% -0.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $306.8M $306.8M
YoY Change 0.0% 82.66%
Treasury Stock Shares 9.893M shares 9.893M shares
Shareholders Equity $2.944B $2.176B
YoY Change
Total Liabilities & Shareholders Equity $5.703B $5.512B
YoY Change 3.45% 7.12%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$51.19M $40.26M
YoY Change -227.17%
Depreciation, Depletion And Amortization $161.9M $175.5M
YoY Change -7.76% 19.05%
Cash From Operating Activities $67.11M $267.4M
YoY Change -74.9%
INVESTING ACTIVITIES
Capital Expenditures -$8.900M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.100M
YoY Change
Cash From Investing Activities -$54.06M -$397.2M
YoY Change -86.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $129.9M $0.00
YoY Change
Debt Paid & Issued, Net $503.0M $257.0M
YoY Change 95.72% -11.68%
Cash From Financing Activities $565.8M $122.9M
YoY Change 360.51%
NET CHANGE
Cash From Operating Activities $67.11M $267.4M
Cash From Investing Activities -$54.06M -$397.2M
Cash From Financing Activities $565.8M $122.9M
Net Change In Cash $578.8M -$7.006M
YoY Change -8361.52%
FREE CASH FLOW
Cash From Operating Activities $67.11M $267.4M
Capital Expenditures -$8.900M
Free Cash Flow $76.01M
YoY Change

Facts In Submission

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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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431841000 shares

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