2016 Q1 Form 10-Q Financial Statement

#000082705216000321 Filed on May 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $2.440B $2.512B
YoY Change -2.87% -14.15%
Cost Of Revenue $794.0M $786.0M
YoY Change 1.02% -31.23%
Gross Profit $1.646B $1.726B
YoY Change -4.63% -3.2%
Gross Profit Margin 67.46% 68.71%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $499.0M $485.0M
YoY Change 2.89% 12.27%
% of Gross Profit 30.32% 28.1%
Operating Expenses $1.198B $1.188B
YoY Change 0.84% -2.7%
Operating Profit $448.0M $538.0M
YoY Change -16.73% 62.54%
Interest Expense $140.0M $143.0M
YoY Change -2.1% 1.42%
% of Operating Profit 31.25% 26.58%
Other Income/Expense, Net $25.00M $29.00M
YoY Change -13.79% 93.33%
Pretax Income $333.0M $424.0M
YoY Change -21.46% 106.83%
Income Tax $28.00M $106.0M
% Of Pretax Income 8.41% 25.0%
Net Earnings $281.0M $299.0M
YoY Change -6.02% 69.89%
Net Earnings / Revenue 11.52% 11.9%
Basic Earnings Per Share $0.86 $0.92
Diluted Earnings Per Share $0.85 $0.91
COMMON SHARES
Basic Shares Outstanding 326.0M shares 326.0M shares
Diluted Shares Outstanding 329.0M shares 329.0M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $137.0M $115.0M
YoY Change 19.13% -22.82%
Cash & Equivalents $137.0M $115.0M
Short-Term Investments
Other Short-Term Assets $258.0M $382.0M
YoY Change -32.46% -2.05%
Inventory $268.0M $290.0M
Prepaid Expenses
Receivables $649.0M $752.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.427B $3.780B
YoY Change -35.79% 7.39%
LONG-TERM ASSETS
Property, Plant & Equipment $35.46B $33.37B
YoY Change 6.27% 8.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.498B $5.113B
YoY Change -12.03% 6.37%
Other Assets $364.0M $364.0M
YoY Change 0.0% -44.26%
Total Long-Term Assets $48.03B $46.80B
YoY Change 2.64% 6.68%
TOTAL ASSETS
Total Short-Term Assets $2.427B $3.780B
Total Long-Term Assets $48.03B $46.80B
Total Assets $50.46B $50.58B
YoY Change -0.24% 6.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $938.0M $1.203B
YoY Change -22.03% 7.8%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $363.0M $936.0M
YoY Change -61.22% 53.19%
Long-Term Debt Due $295.0M $504.0M
YoY Change -41.47% -16.14%
Total Short-Term Liabilities $4.233B $4.571B
YoY Change -7.39% 0.31%
LONG-TERM LIABILITIES
Long-Term Debt $11.24B $11.13B
YoY Change 0.99% 13.31%
Other Long-Term Liabilities $2.225B $2.279B
YoY Change -2.37% 8.73%
Total Long-Term Liabilities $13.47B $13.41B
YoY Change 0.42% 12.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.233B $4.571B
Total Long-Term Liabilities $13.47B $13.41B
Total Liabilities $36.82B $37.48B
YoY Change -1.74% 5.91%
SHAREHOLDERS EQUITY
Retained Earnings $9.002B $8.675B
YoY Change 3.77% 14.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.63B $13.10B
YoY Change
Total Liabilities & Shareholders Equity $50.46B $50.58B
YoY Change -0.24% 6.73%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $281.0M $299.0M
YoY Change -6.02% 69.89%
Depreciation, Depletion And Amortization $499.0M $485.0M
YoY Change 2.89% 12.27%
Cash From Operating Activities $855.0M $964.0M
YoY Change -11.31% 70.62%
INVESTING ACTIVITIES
Capital Expenditures $951.0M $1.268B
YoY Change -25.0% 34.89%
Acquisitions
YoY Change
Other Investing Activities -$11.00M -$10.00M
YoY Change 10.0% -1100.0%
Cash From Investing Activities -$834.0M -$1.294B
YoY Change -35.55% 24.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $40.00M $419.0M
YoY Change -90.45% 20850.0%
Cash From Financing Activities -$45.00M $313.0M
YoY Change -114.38% -34.79%
NET CHANGE
Cash From Operating Activities $855.0M $964.0M
Cash From Investing Activities -$834.0M -$1.294B
Cash From Financing Activities -$45.00M $313.0M
Net Change In Cash -$24.00M -$17.00M
YoY Change 41.18% -666.67%
FREE CASH FLOW
Cash From Operating Activities $855.0M $964.0M
Capital Expenditures $951.0M $1.268B
Free Cash Flow -$96.00M -$304.0M
YoY Change -68.42% -18.93%

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CY2015Q4 us-gaap Long Term Debt Current
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CY2016Q1 us-gaap Long Term Debt Current
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CY2015Q4 us-gaap Long Term Debt Fair Value
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12252000000 USD
CY2016Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
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CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10883000000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11243000000 USD
CY2016Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
39900000 USD
CY2016Q1 us-gaap Loss Contingency Range Of Possible Loss Maximum
LossContingencyRangeOfPossibleLossMaximum
74500000 USD
CY2015Q4 us-gaap Minority Interest Amount Represented By Preferred Stock
MinorityInterestAmountRepresentedByPreferredStock
2020000000 USD
CY2016Q1 us-gaap Minority Interest Amount Represented By Preferred Stock
MinorityInterestAmountRepresentedByPreferredStock
2192000000 USD
CY2015Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
28000000 USD
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
30000000 USD
CY2015Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
37000000 USD
CY2016Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
36000000 USD
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313000000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
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853000000 USD
CY2015Q1 us-gaap Net Income Loss
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299000000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
271000000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2015Q1 us-gaap Other Cost And Expense Operating
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CY2016Q1 us-gaap Other Cost And Expense Operating
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CY2015Q4 us-gaap Other Liabilities Current
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CY2016Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
856000000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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299000000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
270000000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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299000000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
270000000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
538000000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
448000000 USD
CY2015Q4 us-gaap Other Assets Current
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251000000 USD
CY2016Q1 us-gaap Other Assets Current
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258000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
360000000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
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364000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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2246000000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
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2225000000 USD
CY2015Q4 us-gaap Other Long Term Investments
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203000000 USD
CY2016Q1 us-gaap Other Long Term Investments
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CY2015Q1 us-gaap Other Noncash Income Expense
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CY2016Q1 us-gaap Other Noncash Income Expense
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CY2015Q1 us-gaap Other Nonoperating Expense
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10000000 USD
CY2016Q1 us-gaap Other Nonoperating Expense
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6000000 USD
CY2015Q1 us-gaap Other Nonoperating Income
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39000000 USD
CY2016Q1 us-gaap Other Nonoperating Income
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31000000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-10000000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2015Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
CY2016Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
125000000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
136000000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
156000000 USD
CY2015Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
34000000 USD
CY2016Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
35000000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1268000000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
951000000 USD
CY2015Q1 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
1062000000 USD
CY2016Q1 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
687000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1759000000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1771000000 USD
CY2015Q1 us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
1026000000 USD
CY2016Q1 us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
793000000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1287000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
397000000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
294000000 USD
CY2015Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-30000000 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-46000000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-355000000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-332000000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
318000000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
296000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35085000000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35464000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
140000000 USD
CY2016Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
141000000 USD
CY2015Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
21000000 USD
CY2016Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
22000000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
8548000000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
8751000000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
34945000000 USD
CY2016Q1 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
35323000000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
771000000 USD
CY2016Q1 us-gaap Receivables Net Current
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649000000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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6000000 USD
CY2016Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
4000000 USD
CY2015Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
560000000 USD
CY2016Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
538000000 USD
CY2015Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
7512000000 USD
CY2016Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
7628000000 USD
CY2015Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
1128000000 USD
CY2016Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
1157000000 USD
CY2015Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
5676000000 USD
CY2016Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
5920000000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
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419000000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
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40000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8940000000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9002000000 USD
CY2015Q1 us-gaap Revenues
Revenues
2512000000 USD
CY2016Q1 us-gaap Revenues
Revenues
2440000000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
695000000 USD
CY2016Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
363000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12982000000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13098000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13388000000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13631000000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
72000000 USD
CY2016Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
139000000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
329000000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328000000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares

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