2016 Q4 Form 10-Q Financial Statement

#000137613916000126 Filed on October 31, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.353B $1.240B $1.409B
YoY Change 33.92% -11.96% -38.21%
Cost Of Revenue $1.311B $1.183B $1.259B
YoY Change 19.29% -6.03% -39.06%
Gross Profit $42.80M $56.90M $149.4M
YoY Change -148.58% -61.91% -29.92%
Gross Profit Margin 3.16% 4.59% 10.6%
Selling, General & Admin $27.50M $27.80M $26.10M
YoY Change 34.8% 6.51% -17.92%
% of Gross Profit 64.25% 48.86% 17.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.30M $50.10M $38.70M
YoY Change 27.87% 29.46% 2.38%
% of Gross Profit 122.2% 88.05% 25.9%
Operating Expenses $27.50M $27.80M $26.10M
YoY Change 34.8% 6.51% -17.92%
Operating Profit $12.90M $27.20M $121.5M
YoY Change -111.65% -77.61% 1686.76%
Interest Expense $27.10M $26.20M $11.90M
YoY Change 127.73% 120.17% 26.6%
% of Operating Profit 210.08% 96.32% 9.79%
Other Income/Expense, Net -$41.00M -$22.70M $500.0K
YoY Change -438.84% -4640.0% -97.33%
Pretax Income -$28.10M $4.500M $122.0M
YoY Change -71.5% -96.31% 378.43%
Income Tax -$22.10M $2.500M $23.10M
% Of Pretax Income 55.56% 18.93%
Net Earnings $7.100M $5.400M $57.90M
YoY Change -115.78% -90.67% 632.91%
Net Earnings / Revenue 0.52% 0.44% 4.11%
Basic Earnings Per Share $0.67
Diluted Earnings Per Share $81.80K $62.21K $0.67
COMMON SHARES
Basic Shares Outstanding 86.83M shares 86.83M shares 86.80M shares
Diluted Shares Outstanding 0.000 shares 86.80M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $735.8M $762.6M $1.012B
YoY Change -3.83% -24.64% 27.6%
Cash & Equivalents $736.0M $762.6M $1.012B
Short-Term Investments
Other Short-Term Assets $68.40M $64.90M $92.40M
YoY Change -34.42% -29.76% -58.55%
Inventory $349.2M $323.0M $284.7M
Prepaid Expenses
Receivables $151.9M $139.9M $132.7M
Other Receivables $10.20M $9.100M $3.800M
Total Short-Term Assets $1.316B $1.300B $1.526B
YoY Change 3.29% -14.82% -13.59%
LONG-TERM ASSETS
Property, Plant & Equipment $2.672B $2.695B $1.949B
YoY Change 35.84% 38.28% 2.05%
Goodwill $41.00M $41.00M $41.00M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $5.600M
YoY Change
Other Assets $15.80M $19.60M $19.20M
YoY Change -9.71% 2.08% -28.89%
Total Long-Term Assets $2.844B $2.756B $2.016B
YoY Change 40.36% 36.7% 1.45%
TOTAL ASSETS
Total Short-Term Assets $1.316B $1.300B $1.526B
Total Long-Term Assets $2.844B $2.756B $2.016B
Total Assets $4.159B $4.055B $3.541B
YoY Change 26.05% 14.5% -5.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $251.0M $217.3M $294.1M
YoY Change -4.02% -26.11% -30.18%
Accrued Expenses $72.70M $64.00M $67.00M
YoY Change 5.06% -4.48% -7.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $125.0M
YoY Change -100.0% -100.0% 8828.57%
Total Short-Term Liabilities $565.9M $456.9M $565.5M
YoY Change 16.78% -19.2% -1.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.163B $1.165B $547.3M
YoY Change 115.05% 112.77% -18.79%
Other Long-Term Liabilities $32.00M $31.90M $38.80M
YoY Change -5.6% -17.78% -20.49%
Total Long-Term Liabilities $1.775B $1.839B $1.204B
YoY Change 46.15% 52.8% -9.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $565.9M $456.9M $565.5M
Total Long-Term Liabilities $1.775B $1.839B $1.204B
Total Liabilities $2.341B $2.296B $1.769B
YoY Change 37.77% 29.79% -6.8%
SHAREHOLDERS EQUITY
Retained Earnings -$338.1M -$301.8M -$100.7M
YoY Change 78.7% 199.7% 33.91%
Common Stock $1.199B $1.199B $1.176B
YoY Change 1.95% 1.95% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.300M $2.300M $2.300M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 98.61K shares 98.61K shares 98.61K shares
Shareholders Equity $858.1M $894.4M $1.073B
YoY Change
Total Liabilities & Shareholders Equity $4.050B $4.055B $3.541B
YoY Change 22.76% 14.5% -5.62%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $7.100M $5.400M $57.90M
YoY Change -115.78% -90.67% 632.91%
Depreciation, Depletion And Amortization $52.30M $50.10M $38.70M
YoY Change 27.87% 29.46% 2.38%
Cash From Operating Activities $48.60M $149.0M $235.9M
YoY Change -164.37% -36.84% 88.27%
INVESTING ACTIVITIES
Capital Expenditures -$27.10M -$22.80M -$55.20M
YoY Change -64.71% -58.7% -2.3%
Acquisitions
YoY Change
Other Investing Activities -$2.300M $5.900M $100.0K
YoY Change 5800.0% -200.0%
Cash From Investing Activities -$29.40M -$16.90M -$55.10M
YoY Change -61.72% -69.33% -2.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.00M -60.10M -106.5M
YoY Change -51.37% -43.57% -61.17%
NET CHANGE
Cash From Operating Activities 48.60M 149.0M 235.9M
Cash From Investing Activities -29.40M -16.90M -55.10M
Cash From Financing Activities -46.00M -60.10M -106.5M
Net Change In Cash -26.80M 72.00M 74.30M
YoY Change -89.15% -3.1% -136.14%
FREE CASH FLOW
Cash From Operating Activities $48.60M $149.0M $235.9M
Capital Expenditures -$27.10M -$22.80M -$55.20M
Free Cash Flow $75.70M $171.8M $291.1M
YoY Change 5723.08% -40.98% 60.12%

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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Direct Operating Costs
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2700000 USD
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200000 USD
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200000 USD
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0 USD
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0 USD
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0 USD
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122000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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4500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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17300000 USD
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us-gaap Income Tax Expense Benefit
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2500000 USD
us-gaap Income Tax Expense Benefit
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2300000 USD
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6400000 USD
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7300000 USD
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26100000 USD
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us-gaap Increase Decrease In Deferred Revenue
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100000 USD
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300000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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0 USD
us-gaap Insurance Recoveries
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27300000 USD
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0 USD
us-gaap Insurance Recoveries
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2300000 USD
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35800000 USD
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300000 USD
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200000 USD
us-gaap Investment Income Interest
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500000 USD
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42000000 USD
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Income Loss Available To Common Stockholders Basic
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367500000 USD
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Stock Issued1
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us-gaap Share Based Compensation
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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300000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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300000 USD
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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200000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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200000 USD
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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300000 USD
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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12600000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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200000 USD
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us-gaap Other Nonoperating Income Expense
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5500000 USD
us-gaap Payments Of Dividends
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130200000 USD
us-gaap Payments Of Dividends
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130200000 USD
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0 USD
us-gaap Payments Of Financing Costs
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10200000 USD
us-gaap Payments To Acquire Available For Sale Securities
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0 USD
us-gaap Payments To Acquire Available For Sale Securities
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14400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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63900000 USD
us-gaap Payments To Acquire Interest In Joint Venture
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0 USD
us-gaap Payments To Acquire Interest In Joint Venture
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3200000 USD
us-gaap Payments To Acquire Marketable Securities
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0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4200000 USD
CY2015Q3 us-gaap Payments To Acquire Productive Assets
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55200000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
141900000 USD
CY2016Q3 us-gaap Payments To Acquire Productive Assets
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22800000 USD
us-gaap Payments To Acquire Productive Assets
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105600000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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104300000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
64900000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
628800000 USD
CY2015Q2 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
37800000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
68000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
19300000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
100000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
98900000 USD
us-gaap Profit Loss
ProfitLoss
375700000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
2000000 USD
us-gaap Profit Loss
ProfitLoss
15000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3007100000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3870900000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1967100000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2694700000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1100000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1200000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
49100000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-189200000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-301800000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1408800000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4421900000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1240300000 USD
us-gaap Stock Issued1
StockIssued1
335700000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
984100000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
894400000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1600500000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1759100000 USD
CY2015Q3 us-gaap Trading Securities Realized Gain
TradingSecuritiesRealizedGain
400000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
98610 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
98610 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2300000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2300000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
0 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
300000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
44100000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
7400000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
28700000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
109400000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
126400000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
137200000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
129200000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
1290700000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
742100000 USD
CY2016Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
46400000 USD
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
86800000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
86800000 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
86800000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
86800000 shares

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