2016 Q4 Form 10-Q Financial Statement

#000085847016000066 Filed on October 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $444.0M $310.4M $305.3M
YoY Change 1.68% -40.37%
Cost Of Revenue $328.0M $268.0M
YoY Change
Gross Profit $116.0M $59.70M
YoY Change
Gross Profit Margin 26.13% 19.23%
Selling, General & Admin $9.600M $13.00M
YoY Change
% of Gross Profit 8.28% 21.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.50M $139.5M $144.3M
YoY Change -3.35% -6.29%
% of Gross Profit 51.29% 233.65%
Operating Expenses $70.50M $303.9M $311.7M
YoY Change -2.52% -3.43%
Operating Profit $45.50M $3.598M -$1.024M
YoY Change -451.37% -100.54%
Interest Expense -$30.30M -$26.80M
YoY Change
% of Operating Profit -66.59% -744.86%
Other Income/Expense, Net $0.00 -$402.0K
YoY Change
Pretax Income $33.50M -$18.29M -$25.53M
YoY Change -28.38% -114.77%
Income Tax -$1.400M -$8.027M -$10.02M
% Of Pretax Income -4.18%
Net Earnings $34.90M -$10.26M -$15.51M
YoY Change -33.87% -115.39%
Net Earnings / Revenue 7.86% -3.31% -5.08%
Basic Earnings Per Share -$0.02 -$0.04
Diluted Earnings Per Share $1.152M -$0.02 -$0.04
COMMON SHARES
Basic Shares Outstanding 465.1M shares 465.1M shares 413.8M shares
Diluted Shares Outstanding 465.1M shares 413.8M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $498.5M $501.2M $8.773M
Short-Term Investments
Other Short-Term Assets $2.692M $4.106M $3.959M
YoY Change 0.79% 3.71% -79.42%
Inventory $13.30M $13.49M $18.28M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $715.9M $655.6M $215.4M
YoY Change 394.44% 204.36% -63.36%
LONG-TERM ASSETS
Property, Plant & Equipment $4.250B $4.723B $5.141B
YoY Change -14.6% -8.15% 0.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $129.5M $127.9M $93.41M
YoY Change 25.12% 36.93% 62.46%
Other Assets $27.04M $25.78M $34.44M
YoY Change -2.93% -25.15% 8.95%
Total Long-Term Assets $4.407B $4.876B $5.269B
YoY Change -13.73% -7.46% 0.96%
TOTAL ASSETS
Total Short-Term Assets $715.9M $655.6M $215.4M
Total Long-Term Assets $4.407B $4.876B $5.269B
Total Assets $5.123B $5.532B $5.485B
YoY Change -2.48% 0.86% -5.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.4M $160.1M $191.3M
YoY Change 4.99% -16.31% -49.62%
Accrued Expenses $21.49M $18.20M $39.12M
YoY Change -13.77% -53.48% -12.76%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $0.00 $0.00 $20.00M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $257.8M $196.8M $265.6M
YoY Change 9.45% -25.91% -38.63%
LONG-TERM LIABILITIES
Long-Term Debt $1.521B $1.520B $2.017B
YoY Change -23.83% -24.63% 25.12%
Other Long-Term Liabilities $29.12M $29.42M $28.74M
YoY Change 11.9% 2.36% -23.94%
Total Long-Term Liabilities $1.550B $1.550B $2.046B
YoY Change -23.37% -24.25% 24.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $257.8M $196.8M $265.6M
Total Long-Term Liabilities $1.550B $1.550B $2.046B
Total Liabilities $2.555B $2.669B $3.363B
YoY Change -21.24% -20.64% -2.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.099B $1.401B $1.671B
YoY Change -29.21% -16.19% -13.35%
Common Stock $1.775B $1.770B $759.3M
YoY Change 132.19% 133.06% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $306.8M $306.8M $306.8M
YoY Change 0.0% 0.0% 2.71%
Treasury Stock Shares 9.893M shares 9.893M shares 9.893M shares
Shareholders Equity $2.568B $2.863B $2.122B
YoY Change
Total Liabilities & Shareholders Equity $5.123B $5.532B $5.485B
YoY Change -2.48% 0.86% -5.55%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $34.90M -$10.26M -$15.51M
YoY Change -33.87% -115.39%
Depreciation, Depletion And Amortization $59.50M $139.5M $144.3M
YoY Change -3.35% -6.29%
Cash From Operating Activities $36.40M $61.90M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$21.70M -$15.50M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$500.0K $50.60M
YoY Change
Cash From Investing Activities -$22.30M $35.10M
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 41.80M -24.90M
YoY Change
NET CHANGE
Cash From Operating Activities 36.40M 61.90M
Cash From Investing Activities -22.30M 35.10M
Cash From Financing Activities 41.80M -24.90M
Net Change In Cash 55.90M 72.10M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $36.40M $61.90M
Capital Expenditures -$21.70M -$15.50M
Free Cash Flow $58.10M $77.40M
YoY Change

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CY2015Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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