2019 Q1 Form 10-Q Financial Statement

#000132616019000151 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $6.163B $6.135B
YoY Change 0.46% 7.09%
Cost Of Revenue $1.936B $1.989B
YoY Change -2.66% 16.52%
Gross Profit $4.227B $4.146B
YoY Change 1.95% 3.08%
Gross Profit Margin 68.59% 67.58%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.238B $1.089B
YoY Change 13.68% 9.89%
% of Gross Profit 29.29% 26.27%
Operating Expenses $2.851B $2.747B
YoY Change 3.79% 4.41%
Operating Profit $1.373B $1.256B
YoY Change 9.32% -10.41%
Interest Expense $543.0M $515.0M
YoY Change 5.44% 4.89%
% of Operating Profit 39.55% 41.0%
Other Income/Expense, Net $158.0M $62.00M
YoY Change 154.84% -58.67%
Pretax Income $988.0M $803.0M
YoY Change 23.04% -24.32%
Income Tax $95.00M $181.0M
% Of Pretax Income 9.62% 22.54%
Net Earnings $900.0M $620.0M
YoY Change 45.16% -13.41%
Net Earnings / Revenue 14.6% 10.11%
Basic Earnings Per Share $0.88
Diluted Earnings Per Share $1.238M $0.88
COMMON SHARES
Basic Shares Outstanding 727.0M shares 701.0M shares
Diluted Shares Outstanding 727.0M shares 701.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $394.0M $435.0M
YoY Change -9.43% -53.62%
Cash & Equivalents $377.0M $421.0M
Short-Term Investments $17.00M $14.00M
Other Short-Term Assets $2.916B $1.952B
YoY Change 49.39% 39.83%
Inventory $3.102B $3.149B
Prepaid Expenses
Receivables $1.981B $1.984B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.168B $8.279B
YoY Change 10.74% 3.42%
LONG-TERM ASSETS
Property, Plant & Equipment $97.42B $87.37B
YoY Change 11.5% 4.62%
Goodwill $19.30B $19.40B
YoY Change -0.48% -0.15%
Intangibles
YoY Change
Long-Term Investments $1.602B $1.189B
YoY Change 34.74% 5.97%
Other Assets $2.969B $3.062B
YoY Change -3.04% 11.18%
Total Long-Term Assets $142.0B $130.3B
YoY Change 8.99% 3.3%
TOTAL ASSETS
Total Short-Term Assets $9.168B $8.279B
Total Long-Term Assets $142.0B $130.3B
Total Assets $151.1B $138.5B
YoY Change 9.09% 3.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.538B $2.391B
YoY Change 6.15% 8.53%
Accrued Expenses $1.197B $964.0M
YoY Change 24.17% 8.44%
Deferred Revenue
YoY Change
Short-Term Debt $3.029B $2.969B
YoY Change 2.02% -16.55%
Long-Term Debt Due $2.501B $3.951B
YoY Change -36.7% 99.85%
Total Short-Term Liabilities $12.28B $13.00B
YoY Change -5.51% 18.8%
LONG-TERM LIABILITIES
Long-Term Debt $53.68B $49.03B
YoY Change 9.49% 4.27%
Other Long-Term Liabilities $31.52B $27.32B
YoY Change 15.35% 36.75%
Total Long-Term Liabilities $53.68B $49.03B
YoY Change 9.49% 4.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.28B $13.00B
Total Long-Term Liabilities $53.68B $49.03B
Total Liabilities $65.96B $62.03B
YoY Change 6.34% 7.01%
SHAREHOLDERS EQUITY
Retained Earnings $3.360B $3.021B
YoY Change 11.22% 19.83%
Common Stock $40.82B $38.84B
YoY Change 5.11% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.03B $41.79B
YoY Change
Total Liabilities & Shareholders Equity $151.1B $138.5B
YoY Change 9.09% 3.31%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $900.0M $620.0M
YoY Change 45.16% -13.41%
Depreciation, Depletion And Amortization $1.238B $1.089B
YoY Change 13.68% 9.89%
Cash From Operating Activities $1.239B $1.391B
YoY Change -10.93% 11.64%
INVESTING ACTIVITIES
Capital Expenditures $2.536B $2.087B
YoY Change 21.51% -3.38%
Acquisitions
YoY Change
Other Investing Activities $74.00M $75.00M
YoY Change -1.33% 1150.0%
Cash From Investing Activities -$2.713B -$2.264B
YoY Change 19.83% -4.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.00M
YoY Change
Debt Paid & Issued, Net $1.201B $487.0M
YoY Change 146.61% 19.36%
Cash From Financing Activities $1.433B $947.0M
YoY Change 51.32% -40.66%
NET CHANGE
Cash From Operating Activities $1.239B $1.391B
Cash From Investing Activities -$2.713B -$2.264B
Cash From Financing Activities $1.433B $947.0M
Net Change In Cash -$41.00M $74.00M
YoY Change -155.41% -84.62%
FREE CASH FLOW
Cash From Operating Activities $1.239B $1.391B
Capital Expenditures $2.536B $2.087B
Free Cash Flow -$1.297B -$696.0M
YoY Change 86.35% -23.85%

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CY2019Q1 us-gaap Fair Value Net Asset Liability
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7576000000 USD
CY2018Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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14000000 USD
CY2019Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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12000000 USD
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CY2018Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-113000000 USD
CY2019Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2019Q1 us-gaap Finance Lease Interest Expense
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17000000 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
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17000000 USD
CY2019Q1 us-gaap Finance Lease Liability
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1089000000 USD
CY2019Q1 us-gaap Finance Lease Liability Current
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121000000 USD
CY2019Q1 us-gaap Finance Lease Liability Noncurrent
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968000000 USD
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1818000000 USD
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185000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
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889000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
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180000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
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179000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
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194000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
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191000000 USD
CY2019Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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729000000 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
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27000000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset
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27000000 USD
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0.069
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P13Y
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CY2019Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2019Q1 us-gaap Gain Loss On Sale Of Other Assets
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CY2018Q4 us-gaap Goodwill
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CY2019Q1 us-gaap Goodwill
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CY2019Q1 us-gaap Goodwill Gross
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122000000 USD
CY2019Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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122000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations
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620000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations
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900000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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803000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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988000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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0.88
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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1.24
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CY2019Q1 us-gaap Income Loss From Equity Method Investments
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43000000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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181000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
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CY2018Q1 us-gaap Increase Decrease In Accounts Payable
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CY2019Q1 us-gaap Increase Decrease In Accounts Payable
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CY2018Q1 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2019Q1 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2018Q1 us-gaap Increase Decrease In Inventories
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CY2019Q1 us-gaap Increase Decrease In Inventories
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31000000 USD
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CY2019Q1 us-gaap Increase Decrease In Other Current Assets
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CY2019Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
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59000000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
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158000000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Liabilities
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CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
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40000000 USD
CY2018Q1 us-gaap Increase Decrease In Receivables
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CY2019Q1 us-gaap Increase Decrease In Receivables
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CY2019Q1 us-gaap Interest Expense
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CY2019Q1 us-gaap Interest Payable Current
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CY2019Q1 us-gaap Investments And Other Noncurrent Assets
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
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1057000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
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169000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
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180000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
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192000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
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238000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
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271000000 USD
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436000000 USD
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CY2019Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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66000000 USD
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CY2019Q1 us-gaap Minority Interest
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Nonoperating Income Expense
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CY2018Q1 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Operating Lease Cost
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183000000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
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205000000 USD
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CY2019Q1 us-gaap Operating Lease Liability Noncurrent
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1504000000 USD
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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1750000000 USD
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CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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160000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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170000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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186000000 USD
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219000000 USD
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CY2019Q1 us-gaap Other Assets Noncurrent
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CY2018Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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12000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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4000000 USD
CY2018Q4 us-gaap Other Liabilities Current
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CY2019Q1 us-gaap Other Liabilities Current
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CY2019Q1 us-gaap Other Nonoperating Income Expense
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CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
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75000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018Q1 us-gaap Payments Of Dividends Common Stock
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599000000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
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CY2018Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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74000000 USD
CY2019Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2018Q1 us-gaap Payments To Acquire Investments
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958000000 USD
CY2019Q1 us-gaap Payments To Acquire Investments
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860000000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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2087000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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2536000000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Benefit Expense
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CY2019Q1 us-gaap Pension And Other Postretirement Benefit Expense
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CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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988000000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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974000000 USD
CY2018Q1 us-gaap Pension Contributions
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CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2019Q1 us-gaap Preferred Stock Redemption Price Per Share
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CY2019Q1 us-gaap Preferred Stock Shares Authorized
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CY2019Q1 us-gaap Preferred Stock Shares Outstanding
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CY2019Q1 us-gaap Preferred Stock Value
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CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2019Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2018Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2019Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2019Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2018Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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930000000 USD
CY2019Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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851000000 USD
CY2018Q1 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
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135000000 USD
CY2019Q1 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
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135000000 USD
CY2018Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Profit Loss
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CY2018Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2019Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2018Q4 us-gaap Public Utilities Inventory
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CY2019Q1 us-gaap Public Utilities Inventory
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CY2018Q4 us-gaap Public Utilities Property Plant And Equipment Net
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CY2019Q1 us-gaap Public Utilities Property Plant And Equipment Net
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CY2018Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
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CY2019Q1 us-gaap Public Utilities Property Plant And Equipment Plant In Service
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CY2018Q1 us-gaap Regulated And Unregulated Operating Revenue
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CY2019Q1 us-gaap Regulated And Unregulated Operating Revenue
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CY2018Q1 us-gaap Regulated Operating Revenue Electric Non Nuclear
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5284000000 USD
CY2019Q1 us-gaap Regulated Operating Revenue Electric Non Nuclear
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5285000000 USD
CY2018Q1 us-gaap Regulated Operating Revenue Gas
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700000000 USD
CY2019Q1 us-gaap Regulated Operating Revenue Gas
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CY2018Q4 us-gaap Regulatory Assets Current
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CY2019Q1 us-gaap Regulatory Assets Current
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CY2018Q4 us-gaap Regulatory Assets Noncurrent
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CY2019Q1 us-gaap Regulatory Assets Noncurrent
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CY2018Q4 us-gaap Regulatory Liability Current
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CY2019Q1 us-gaap Regulatory Liability Current
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CY2018Q4 us-gaap Regulatory Liability Noncurrent
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CY2019Q1 us-gaap Regulatory Liability Noncurrent
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CY2018Q1 us-gaap Repayments Of Long Term Debt
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CY2019Q1 us-gaap Repayments Of Long Term Debt
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1201000000 USD
CY2018Q1 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
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50000000 USD
CY2019Q1 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
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239000000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2019Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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134000000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2019Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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39000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
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3360000000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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5928000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5998000000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
175000000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7000000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3410000000 USD
CY2019Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
3029000000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7000000 USD
CY2018 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2200000 shares
CY2018 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
174000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
43817000000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
45030000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41737000000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41798000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
43834000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
45045000000 USD
CY2018Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-7000000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-4000000 USD
CY2018Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
316000000 USD
CY2019Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
343000000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
577000000 USD
CY2019Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
470000000 USD
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
896000000 USD
CY2019Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
733000000 USD
CY2018Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4000000 USD
CY2019Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-10000000 USD
CY2018Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
151000000 USD
CY2019Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
150000000 USD
CY2018Q1 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
1464000000 USD
CY2019Q1 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
1419000000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
11000000 USD
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
701000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
727000000 shares

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