2017 Q4 Form 10-Q Financial Statement

#000107541517000029 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $278.6M $266.7M $264.0M
YoY Change 1.56% 1.02% 3.41%
Cost Of Revenue $104.8M $104.7M $103.3M
YoY Change 3.76% 1.36% 6.6%
Gross Profit $173.7M $162.0M $160.6M
YoY Change 0.23% 0.87% 1.45%
Gross Profit Margin 62.36% 60.75% 60.84%
Selling, General & Admin $45.80M $19.90M $12.10M
YoY Change 294.83% 64.46% 17.48%
% of Gross Profit 26.37% 12.28% 7.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.40M $66.62M $72.34M
YoY Change -7.54% -7.91% 3.32%
% of Gross Profit 38.8% 41.12% 45.05%
Operating Expenses $113.2M $86.50M $84.50M
YoY Change 33.81% 2.37% 5.23%
Operating Profit $60.50M $75.46M $70.78M
YoY Change -31.79% 6.61% -8.52%
Interest Expense -$39.90M $40.11M $43.44M
YoY Change -7.21% -7.67% 11.41%
% of Operating Profit -65.95% 53.15% 61.37%
Other Income/Expense, Net
YoY Change
Pretax Income $66.40M $35.87M $28.01M
YoY Change 54.42% 28.07% -27.1%
Income Tax $200.0K $109.0K $119.0K
% Of Pretax Income 0.3% 0.3% 0.42%
Net Earnings $65.00M $34.41M $27.90M
YoY Change 51.52% 23.33% -27.05%
Net Earnings / Revenue 23.33% 12.9% 10.57%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $273.7K $144.8K $117.5K
COMMON SHARES
Basic Shares Outstanding 237.6M shares 237.4M shares 237.3M shares
Diluted Shares Outstanding 237.5M shares 237.4M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.20M $28.90M $40.80M
YoY Change -1.58% -29.17% -33.55%
Cash & Equivalents $31.24M $28.87M $40.77M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $18.50M
Other Receivables $0.00
Total Short-Term Assets $49.70M $28.90M $40.80M
YoY Change -0.8% -29.17% -33.55%
LONG-TERM ASSETS
Property, Plant & Equipment $6.370B $6.362B $6.387B
YoY Change -0.5% -0.39% 0.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $170.9M $7.900M $7.100M
YoY Change 39.28% 11.27% 4.41%
Other Assets $16.10M $14.10M $6.300M
YoY Change 323.68% 123.81% -83.29%
Total Long-Term Assets $7.244B $7.159B $7.189B
YoY Change 0.93% -0.42% -1.4%
TOTAL ASSETS
Total Short-Term Assets $49.70M $28.90M $40.80M
Total Long-Term Assets $7.244B $7.159B $7.189B
Total Assets $7.294B $7.188B $7.230B
YoY Change 0.92% -0.59% -1.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.40M
YoY Change 197.76%
Accrued Expenses $18.00M $32.20M $33.10M
YoY Change -2.7% -2.72% -1.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $84.40M $32.20M $33.10M
YoY Change 106.86% -2.72% -1.78%
LONG-TERM LIABILITIES
Long-Term Debt $3.675B $3.559B $3.653B
YoY Change -1.08% -2.57% 4.32%
Other Long-Term Liabilities $257.9M $309.3M $305.3M
YoY Change -5.57% 1.31% -2.21%
Total Long-Term Liabilities $3.932B $3.868B $3.958B
YoY Change -1.38% -2.27% 3.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.40M $32.20M $33.10M
Total Long-Term Liabilities $3.932B $3.868B $3.958B
Total Liabilities $4.017B $3.900B $3.991B
YoY Change -0.29% -2.28% 3.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.766B $1.701B $1.576B
YoY Change 9.12% 7.96%
Common Stock $4.612B $4.611B $4.536B
YoY Change 1.67% 1.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.105B $3.111B $3.239B
YoY Change
Total Liabilities & Shareholders Equity $7.294B $7.188B $7.230B
YoY Change 0.92% -0.59% -1.67%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $65.00M $34.41M $27.90M
YoY Change 51.52% 23.33% -27.05%
Depreciation, Depletion And Amortization $67.40M $66.62M $72.34M
YoY Change -7.54% -7.91% 3.32%
Cash From Operating Activities $84.70M $123.1M $126.2M
YoY Change 0.36% -2.46% 21.0%
INVESTING ACTIVITIES
Capital Expenditures -$152.6M -$51.70M -$25.20M
YoY Change 132.27% 105.16% -49.19%
Acquisitions
YoY Change
Other Investing Activities $55.10M $0.00 $19.90M
YoY Change 1072.34% -100.0% 2111.11%
Cash From Investing Activities -$97.50M -$51.70M -$5.300M
YoY Change 59.57% 875.47% -89.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.20M -69.40M -105.8M
YoY Change -153.25% -34.4% 128.02%
NET CHANGE
Cash From Operating Activities 84.70M 123.1M 126.2M
Cash From Investing Activities -97.50M -51.70M -5.300M
Cash From Financing Activities 17.20M -69.40M -105.8M
Net Change In Cash 4.400M 2.000M 15.10M
YoY Change -148.89% -86.75% 64.13%
FREE CASH FLOW
Cash From Operating Activities $84.70M $123.1M $126.2M
Capital Expenditures -$152.6M -$51.70M -$25.20M
Free Cash Flow $237.3M $174.8M $151.4M
YoY Change 58.09% 15.46% -1.62%

Facts In Submission

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0 USD
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0.45
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181859000 USD
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435 property
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3 segment
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42 state
CY2016Q3 us-gaap Operating Income Loss
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70783000 USD
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16562000 USD
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56680000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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7333000 USD
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26383000 USD
CY2016Q3 us-gaap Other Interest And Dividend Income
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659000 USD
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CY2017Q3 us-gaap Other Interest And Dividend Income
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659000 USD
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1978000 USD
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2828000 USD
us-gaap Other Noncash Income Expense
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2829000 USD
us-gaap Payments For Repurchase Of Common Stock
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416000 USD
us-gaap Payments For Repurchase Of Common Stock
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341000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
5485000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
92642000 USD
CY2017Q2 us-gaap Payments Of Dividends Common Stock
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92642000 USD
CY2017Q3 us-gaap Payments Of Dividends Common Stock
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188523000 USD
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34227000 USD
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0 USD
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620000000 USD
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0 USD
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250000000 USD
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0 USD
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505000000 USD
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572000000 USD
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
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255813000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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29179000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 USD
CY2016Q3 us-gaap Professional Fees
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168000 USD
CY2017Q3 us-gaap Professional Fees
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us-gaap Professional Fees
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206000 USD
CY2016Q3 us-gaap Profit Loss
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27903000 USD
us-gaap Profit Loss
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98409000 USD
CY2017Q3 us-gaap Profit Loss
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35793000 USD
us-gaap Profit Loss
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85475000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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1328011000 USD
CY2017Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
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1475360000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
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7730523000 USD
CY2017Q3 us-gaap Real Estate Investment Property At Cost
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7837448000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
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6402512000 USD
CY2017Q3 us-gaap Real Estate Investment Property Net
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6362088000 USD
CY2016Q3 us-gaap Real Estate Revenue Net
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165503000 USD
us-gaap Real Estate Revenue Net
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490922000 USD
CY2017Q3 us-gaap Real Estate Revenue Net
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168348000 USD
us-gaap Real Estate Revenue Net
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501437000 USD
CY2016Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
CY2017Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-5082000 USD
CY2017Q2 us-gaap Repayments Of First Mortgage Bond
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277837000 USD
us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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428000000 USD
us-gaap Repayments Of Other Debt
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127202000 USD
us-gaap Repayments Of Other Debt
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303964000 USD
CY2016Q4 us-gaap Replacement Reserve Escrow
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3829000 USD
CY2017Q3 us-gaap Replacement Reserve Escrow
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14088000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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1618885000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
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1701495000 USD
CY2016Q3 us-gaap Revenues
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263983000 USD
us-gaap Revenues
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783725000 USD
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266679000 USD
us-gaap Revenues
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796253000 USD
CY2016Q4 us-gaap Senior Notes
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88100 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value
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21.25
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value
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19.78
CY2016Q4 us-gaap Stockholders Equity
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3199405000 USD
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3111418000 USD
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3199405000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3287555000 USD
us-gaap Straight Line Rent
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13598000 USD
us-gaap Straight Line Rent
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10485000 USD
CY2016Q4 us-gaap Unsecured Long Term Debt
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CY2017Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
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721769000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
49000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
40000 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
39000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
41000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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237396000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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237369000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237460000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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237445000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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237347000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
237329000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
237421000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
237404000 shares

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