2018 Q1 Form 10-Q Financial Statement

#000156459018010177 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.665B $2.400B
YoY Change -30.63% 12.89%
Cost Of Revenue $873.0M $457.0M
YoY Change 91.03% -4.19%
Gross Profit $792.0M $1.943B
YoY Change -59.24% 17.83%
Gross Profit Margin 47.57% 80.96%
Selling, General & Admin $1.041B $1.074B
YoY Change -3.07% -17.7%
% of Gross Profit 131.44% 55.28%
Research & Development $21.00M $95.00M
YoY Change -77.89%
% of Gross Profit 2.65% 4.89%
Depreciation & Amortization $399.0M $528.0M
YoY Change -24.43% -2.58%
% of Gross Profit 50.38% 27.17%
Operating Expenses $1.367B $1.569B
YoY Change -12.87% -15.96%
Operating Profit -$575.0M $706.0M
YoY Change -181.44% -120.17%
Interest Expense -$387.0M -$128.0M
YoY Change 202.34% -65.41%
% of Operating Profit -18.13%
Other Income/Expense, Net $55.00M $19.00M
YoY Change 189.47% -190.48%
Pretax Income -$264.0M $313.0M
YoY Change -184.35% -108.49%
Income Tax -$34.00M $8.000M
% Of Pretax Income 2.56%
Net Earnings -$197.0M $303.0M
YoY Change -165.02% -109.91%
Net Earnings / Revenue -11.83% 12.63%
Basic Earnings Per Share -$0.38 $0.58
Diluted Earnings Per Share -$0.38 $0.58
COMMON SHARES
Basic Shares Outstanding 520.0M 519.0M
Diluted Shares Outstanding 520.0M 522.0M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.424B $2.119B
YoY Change -32.8% 29.6%
Cash & Equivalents $1.407B $2.119B
Short-Term Investments
Other Short-Term Assets $516.0M $336.0M
YoY Change 53.57% 25.37%
Inventory
Prepaid Expenses
Receivables $1.695B $1.320B
Other Receivables $50.00M $67.00M
Total Short-Term Assets $3.635B $3.775B
YoY Change -3.71% 27.97%
LONG-TERM ASSETS
Property, Plant & Equipment $14.72B $20.50B
YoY Change -28.19% 6.44%
Goodwill $2.383B $3.964B
YoY Change -39.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.915B $1.974B
YoY Change -2.99% -12.81%
Total Long-Term Assets $25.68B $24.86B
YoY Change 3.3% -3.22%
TOTAL ASSETS
Total Short-Term Assets $3.635B $3.775B
Total Long-Term Assets $25.68B $24.86B
Total Assets $29.32B $28.64B
YoY Change 2.38% -0.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $862.0M $638.0M
YoY Change 35.11% -0.31%
Accrued Expenses $147.0M $156.0M
YoY Change -5.77% -12.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $354.0M
YoY Change
Total Short-Term Liabilities $3.482B $2.470B
YoY Change 40.97% -5.0%
LONG-TERM LIABILITIES
Long-Term Debt $9.628B $10.38B
YoY Change -7.25% -14.87%
Other Long-Term Liabilities $567.0M $643.0M
YoY Change -11.82% -75.3%
Total Long-Term Liabilities $10.20B $11.02B
YoY Change -7.52% -25.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.482B $2.470B
Total Long-Term Liabilities $10.20B $11.02B
Total Liabilities $13.68B $13.49B
YoY Change 1.36% -39.29%
SHAREHOLDERS EQUITY
Retained Earnings $473.0M -$1.081B
YoY Change -143.76%
Common Stock $53.00M $53.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.00M
YoY Change
Treasury Stock Shares $400.0K
Shareholders Equity $8.905B $6.466B
YoY Change
Total Liabilities & Shareholders Equity $29.32B $26.13B
YoY Change 12.18% -8.74%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$197.0M $303.0M
YoY Change -165.02% -109.91%
Depreciation, Depletion And Amortization $399.0M $528.0M
YoY Change -24.43% -2.58%
Cash From Operating Activities $804.0M $746.0M
YoY Change 7.77% 352.12%
INVESTING ACTIVITIES
Capital Expenditures $6.000M $20.00M
YoY Change -70.0% -98.77%
Acquisitions
YoY Change
Other Investing Activities $48.00M $3.000M
YoY Change 1500.0% 200.0%
Cash From Investing Activities -$790.0M -$454.0M
YoY Change 74.01% -80.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $71.00M
YoY Change
Debt Paid & Issued, Net $807.0M $587.0M
YoY Change 37.48% 126.64%
Cash From Financing Activities -1.213B -124.0M
YoY Change 878.23% -108.31%
NET CHANGE
Cash From Operating Activities 804.0M 746.0M
Cash From Investing Activities -790.0M -454.0M
Cash From Financing Activities -1.213B -124.0M
Net Change In Cash -1.214B 160.0M
YoY Change -858.75% -122.82%
FREE CASH FLOW
Cash From Operating Activities $804.0M $746.0M
Capital Expenditures $6.000M $20.00M
Free Cash Flow $798.0M $726.0M
YoY Change 9.92% -149.66%

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