2018 Form 10-K Financial Statement

#000129894619000025 Filed on February 27, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $863.7M $207.0M $223.5M
YoY Change -0.72% 0.2% 1.47%
Cost Of Revenue $621.7M $143.1M $155.9M
YoY Change 3.07% 0.14% 3.52%
Gross Profit $242.0M $63.90M $67.60M
YoY Change -9.3% 0.31% -2.87%
Gross Profit Margin 28.02% 30.86% 30.25%
Selling, General & Admin $28.60M $7.500M $6.100M
YoY Change 7.12% 20.97% 29.79%
% of Gross Profit 11.82% 11.74% 9.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.5M $24.10M $25.10M
YoY Change 5.48% 1.69% 6.36%
% of Gross Profit 43.19% 37.72% 37.13%
Operating Expenses $133.0M $31.60M $31.20M
YoY Change 5.72% 5.33% 10.25%
Operating Profit $109.0M $35.52M $34.32M
YoY Change -22.02% 5.24% -16.91%
Interest Expense $40.97M -$8.800M $9.692M
YoY Change 6.47% -4.35% 1.98%
% of Operating Profit 37.59% -24.78% 28.24%
Other Income/Expense, Net -$39.16M -$9.320M
YoY Change 3.89% 33.66%
Pretax Income $90.90M $26.00M $25.00M
YoY Change -10.96% 4.42% -27.18%
Income Tax $3.101M $5.400M $3.375M
% Of Pretax Income 3.41% 20.77% 13.5%
Net Earnings $87.78M $24.77M $21.62M
YoY Change -4.45% 3.62% -27.77%
Net Earnings / Revenue 10.16% 11.97% 9.68%
Basic Earnings Per Share $0.43 $0.12 $0.11
Diluted Earnings Per Share $0.43 $0.12 $0.11
COMMON SHARES
Basic Shares Outstanding 205.5M shares 200.3M shares 200.8M shares
Diluted Shares Outstanding 206.1M shares 201.4M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.90M $183.6M $166.6M
YoY Change -76.09% -24.48% -29.41%
Cash & Equivalents $43.90M $183.6M $166.6M
Short-Term Investments
Other Short-Term Assets $10.50M $71.50M $77.70M
YoY Change -85.31% 274.35% 62.89%
Inventory
Prepaid Expenses
Receivables $86.90M $32.32M $98.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $141.3M $341.7M $342.6M
YoY Change -58.65% 0.47% -7.58%
LONG-TERM ASSETS
Property, Plant & Equipment $2.945B $2.692B $2.688B
YoY Change 9.37% 1.72% 1.75%
Goodwill
YoY Change
Intangibles $26.69M $26.80M
YoY Change 48.17% 48.24%
Long-Term Investments
YoY Change
Other Assets $47.70M $40.20M $42.30M
YoY Change 18.66% -12.8% -11.32%
Total Long-Term Assets $3.056B $2.759B $2.757B
YoY Change 10.77% 1.78% 1.83%
TOTAL ASSETS
Total Short-Term Assets $141.3M $341.7M $342.6M
Total Long-Term Assets $3.056B $2.759B $2.757B
Total Assets $3.198B $3.101B $3.100B
YoY Change 3.12% 1.64% 0.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.70M $74.20M $71.00M
YoY Change -2.02% 27.27% 28.16%
Accrued Expenses
YoY Change
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 $99.00M $83.50M $96.60M
YoY Change -0.9% 34.46% 22.28%
LONG-TERM LIABILITIES
Long-Term Debt $978.0M $937.8M $940.8M
YoY Change 4.29% 1.88% 1.93%
Other Long-Term Liabilities $178.6M $171.7M $173.3M
YoY Change 4.02% -0.87% 0.23%
Total Long-Term Liabilities $1.157B $1.110B $1.114B
YoY Change 4.25% 1.44% 1.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.00M $83.50M $96.60M
Total Long-Term Liabilities $1.157B $1.110B $1.114B
Total Liabilities $1.315B $1.267B $1.267B
YoY Change 3.75% 4.37% 2.69%
SHAREHOLDERS EQUITY
Retained Earnings -$229.8M -$229.3M
YoY Change 4.18% 5.54%
Common Stock $2.063B $2.062B
YoY Change 0.3% 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.883B $1.834B $1.833B
YoY Change
Total Liabilities & Shareholders Equity $3.198B $3.101B $3.100B
YoY Change 3.12% 1.64% 0.7%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $87.78M $24.77M $21.62M
YoY Change -4.45% 3.62% -27.77%
Depreciation, Depletion And Amortization $104.5M $24.10M $25.10M
YoY Change 5.48% 1.69% 6.36%
Cash From Operating Activities $217.6M $54.60M $64.00M
YoY Change 7.72% -13.47% 10.54%
INVESTING ACTIVITIES
Capital Expenditures -$115.2M -$21.40M -$17.90M
YoY Change 17.31% -11.57% -27.24%
Acquisitions
YoY Change
Other Investing Activities -$227.4M $10.00M $0.00
YoY Change 171.36% 426.32% -100.0%
Cash From Investing Activities -$342.6M -$11.30M -$17.90M
YoY Change 88.3% -49.1% -144.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$60.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.167M -28.40M -28.30M
YoY Change -91.61% -15.48% -1.39%
NET CHANGE
Cash From Operating Activities $217.6M 54.60M 64.00M
Cash From Investing Activities -$342.6M -11.30M -17.90M
Cash From Financing Activities -$7.167M -28.40M -28.30M
Net Change In Cash -$132.2M 14.90M 17.80M
YoY Change 102.13% 104.11% -74.35%
FREE CASH FLOW
Cash From Operating Activities $217.6M $54.60M $64.00M
Capital Expenditures -$115.2M -$21.40M -$17.90M
Free Cash Flow $332.8M $76.00M $81.90M
YoY Change 10.86% -12.94% -0.73%

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ContractWithCustomerLiabilityRevenueRecognized
5760000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2568000 USD
CY2016 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
97444000 USD
CY2017 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
99090000 USD
CY2018 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
104524000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
739088000 USD
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
176914000 USD
CY2017Q2 us-gaap Costs And Expenses
CostsAndExpenses
192621000 USD
CY2017Q3 us-gaap Costs And Expenses
CostsAndExpenses
189168000 USD
CY2017Q4 us-gaap Costs And Expenses
CostsAndExpenses
171519000 USD
CY2017 us-gaap Costs And Expenses
CostsAndExpenses
730222000 USD
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
168011000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
200012000 USD
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
176589000 USD
CY2018Q4 us-gaap Costs And Expenses
CostsAndExpenses
189031000 USD
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
733643000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
622000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
66000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
697000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
662000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
460000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1994000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2505000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1510000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1297000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1221000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
984000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
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983764000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9779000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6432000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1857000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-698000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
845000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-444000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10405000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7702000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1591000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1324000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
425000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
178000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5000000 USD
CY2016 us-gaap Depreciation
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97444000 USD
CY2017 us-gaap Depreciation
Depreciation
99090000 USD
CY2018 us-gaap Depreciation
Depreciation
104524000 USD
CY2016 us-gaap Depreciation Nonproduction
DepreciationNonproduction
66000 USD
CY2017 us-gaap Depreciation Nonproduction
DepreciationNonproduction
95000 USD
CY2018 us-gaap Depreciation Nonproduction
DepreciationNonproduction
216000 USD
CY2016 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
10698000 USD
CY2017 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-764000 USD
CY2018 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
0 USD
CY2016 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
16204000 USD
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-764000 USD
CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
0 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Consideration
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0 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
0 USD
CY2017Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-04-12
CY2017Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-07-12
CY2017Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-10-12
CY2018Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-04-12
CY2018Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-01-12
CY2018Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-07-12
CY2018Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-10-12
CY2016 us-gaap Dividends Common Stock Cash
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100738000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
100682000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
103240000 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
25567000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
25708000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26339000 USD
CY2017Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2017-03-31
CY2017Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2017-06-30
CY2017Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2017-09-29
CY2018Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-03-29
CY2018Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2017-12-29
CY2018Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-06-29
CY2018Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-09-28
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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1100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1100000 USD
CY2016 us-gaap Gain On Business Interruption Insurance Recovery
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0 USD
CY2017 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
4051000 USD
CY2018 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
19379000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-274000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
10698000 USD
CY2017 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-764000 USD
CY2018 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23629000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26711000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28563000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
127195000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
102084000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
90897000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12399000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10207000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3101000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-2143000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2076000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
44518000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
35729000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19089000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
359000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-248000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
673000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1703000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1652000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
705000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
3080000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
430000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
2927000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1973000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
3251000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
2208000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20969000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
17006000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7997000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-17007000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
26333000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-28657000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
47468 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
188759 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
215655 shares
CY2016 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
CY2017 us-gaap Insurance Recoveries
InsuranceRecoveries
40784000 USD
CY2018 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
CY2016 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 USD
CY2017 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 USD
CY2018 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
1724000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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26690000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
63945000 USD
CY2016 us-gaap Interest Expense
InterestExpense
41735000 USD
CY2017 us-gaap Interest Expense
InterestExpense
38481000 USD
CY2018 us-gaap Interest Expense
InterestExpense
40970000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
40345000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
36288000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
38548000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
762000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
1820000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
1806000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
12700000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
10200000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
11600000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1267213000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1306987000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3100858000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3197580000 USD
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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600000000 USD
CY2017Q4 us-gaap Loans Payable
LoansPayable
298153000 USD
CY2018Q4 us-gaap Loans Payable
LoansPayable
348219000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
937792000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
977966000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
378190000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
14195000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
194649000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
214095000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
116461000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
66174000 USD
CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0401
CY2017Q4 us-gaap Minority Interest
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0 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
7696000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
100000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-271724000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-85443000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7167000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
72439000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-181941000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-344312000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
215526000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
201993000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
219304000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
114796000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
8887000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
36595000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
21623000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
24772000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
91877000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
4338000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
28009000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
31443000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
24006000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
87784000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8887000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
36595000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21623000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24772000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4338000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28009000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31443000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23994000 USD
CY2018 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
7784000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30275000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-37699000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-39164000 USD
CY2016 us-gaap Notes Reduction
NotesReduction
89486000 USD
CY2017 us-gaap Notes Reduction
NotesReduction
0 USD
CY2018 us-gaap Notes Reduction
NotesReduction
0 USD
CY2018Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
7 hotel
CY2018Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 hotel
CY2018Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
10091 room
CY2017Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
70734000 USD
CY2018Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
73151000 USD
CY2017Q1 us-gaap Operating Income Loss
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CY2017Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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0 USD
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0 USD
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
92679000 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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100000000 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
200000000 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
50000000 USD
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
75000000 USD
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
85000000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
114796000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
91877000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
87796000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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3480982000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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CY2017Q4 us-gaap Property Plant And Equipment Net
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CY2018Q4 us-gaap Property Plant And Equipment Net
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2944617000 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
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419309000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
441952000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
492871000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
556868000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
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2690314000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
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617695000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
313852000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
2377317000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
616840000 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3125051000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
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2917634000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
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3025089000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
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CY2016 us-gaap Real Estate Improvements
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RealEstateImprovements
68573000 USD
CY2018 us-gaap Real Estate Improvements
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60950000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
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2751141000 USD
CY2016 us-gaap Real Estate Other Acquisitions
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0 USD
CY2017 us-gaap Real Estate Other Acquisitions
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81494000 USD
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
221970000 USD
CY2016 us-gaap Repayments Of Debt
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11198000 USD
CY2017 us-gaap Repayments Of Debt
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12417000 USD
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
13612000 USD
CY2016 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
249793000 USD
CY2017 us-gaap Repayments Of First Mortgage Bond
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170368000 USD
CY2018 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
0 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
75000000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
85000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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46069000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
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40204000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
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47735000 USD
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-229809000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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-245620000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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896558000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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196210000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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243272000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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870005000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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181530000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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65490000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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60023000 USD
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CY2017Q4 us-gaap Secured Debt
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CY2016 us-gaap Share Based Compensation
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5321000 USD
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6201000 USD
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5573000 USD
CY2016 us-gaap Stock Issued1
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CY2017 us-gaap Stock Issued1
StockIssued1
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CY2018 us-gaap Stock Issued1
StockIssued1
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CY2018 us-gaap Stock Issued During Period Value New Issues
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92248000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
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4636000 USD
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5663000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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4642000 USD
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32182000 USD
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CY2017Q4 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1833645000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1890593000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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201676258 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
201521468 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206131150 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201079573 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200784450 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205462911 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of our cash and cash equivalents. We maintain cash and cash equivalents with various financial institutions. We perform periodic evaluations of the relative credit standing of these financial institutions and limit the amount of credit exposure with any one institution.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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