2017 Q1 Form 10-Q Financial Statement

#000082705217000128 Filed on May 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $2.463B $2.440B
YoY Change 0.94% -2.87%
Cost Of Revenue $784.0M $794.0M
YoY Change -1.26% 1.02%
Gross Profit $1.679B $1.646B
YoY Change 2.0% -4.63%
Gross Profit Margin 68.17% 67.46%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $520.0M $499.0M
YoY Change 4.21% 2.89%
% of Gross Profit 30.97% 30.32%
Operating Expenses $1.203B $1.198B
YoY Change 0.42% 0.84%
Operating Profit $471.0M $448.0M
YoY Change 5.13% -16.73%
Interest Expense $152.0M $140.0M
YoY Change 8.57% -2.1%
% of Operating Profit 32.27% 31.25%
Other Income/Expense, Net $33.00M $25.00M
YoY Change 32.0% -13.79%
Pretax Income $352.0M $333.0M
YoY Change 5.71% -21.46%
Income Tax -$40.00M $28.00M
% Of Pretax Income -11.36% 8.41%
Net Earnings $362.0M $281.0M
YoY Change 28.83% -6.02%
Net Earnings / Revenue 14.7% 11.52%
Basic Earnings Per Share $1.11 $0.86
Diluted Earnings Per Share $1.10 $0.85
COMMON SHARES
Basic Shares Outstanding 326.0M shares 326.0M shares
Diluted Shares Outstanding 329.0M shares 329.0M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.0M $137.0M
YoY Change 9.49% 19.13%
Cash & Equivalents $150.0M $137.0M
Short-Term Investments
Other Short-Term Assets $242.0M $258.0M
YoY Change -6.2% -32.46%
Inventory $237.0M $268.0M
Prepaid Expenses
Receivables $688.0M $649.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.046B $2.427B
YoY Change -15.7% -35.79%
LONG-TERM ASSETS
Property, Plant & Equipment $37.17B $35.46B
YoY Change 4.8% 6.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.441B $4.498B
YoY Change -1.27% -12.03%
Other Assets $411.0M $364.0M
YoY Change 12.91% 0.0%
Total Long-Term Assets $49.69B $48.03B
YoY Change 3.46% 2.64%
TOTAL ASSETS
Total Short-Term Assets $2.046B $2.427B
Total Long-Term Assets $49.69B $48.03B
Total Assets $51.74B $50.46B
YoY Change 2.54% -0.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $844.0M $938.0M
YoY Change -10.02% -22.03%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $295.0M $363.0M
YoY Change -18.73% -61.22%
Long-Term Debt Due $981.0M $295.0M
YoY Change 232.54% -41.47%
Total Short-Term Liabilities $4.416B $4.233B
YoY Change 4.32% -7.39%
LONG-TERM LIABILITIES
Long-Term Debt $11.66B $11.24B
YoY Change 3.73% 0.99%
Other Long-Term Liabilities $2.048B $2.225B
YoY Change -7.96% -2.37%
Total Long-Term Liabilities $13.71B $13.47B
YoY Change 1.8% 0.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.416B $4.233B
Total Long-Term Liabilities $13.71B $13.47B
Total Liabilities $37.49B $36.82B
YoY Change 1.81% -1.74%
SHAREHOLDERS EQUITY
Retained Earnings $9.590B $9.002B
YoY Change 6.53% 3.77%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.24B $13.63B
YoY Change
Total Liabilities & Shareholders Equity $51.74B $50.46B
YoY Change 2.54% -0.24%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $362.0M $281.0M
YoY Change 28.83% -6.02%
Depreciation, Depletion And Amortization $520.0M $499.0M
YoY Change 4.21% 2.89%
Cash From Operating Activities $884.0M $855.0M
YoY Change 3.39% -11.31%
INVESTING ACTIVITIES
Capital Expenditures $944.0M $951.0M
YoY Change -0.74% -25.0%
Acquisitions
YoY Change
Other Investing Activities -$4.000M -$11.00M
YoY Change -63.64% 10.0%
Cash From Investing Activities -$941.0M -$834.0M
YoY Change 12.83% -35.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $40.00M $40.00M
YoY Change 0.0% -90.45%
Cash From Financing Activities $112.0M -$45.00M
YoY Change -348.89% -114.38%
NET CHANGE
Cash From Operating Activities $884.0M $855.0M
Cash From Investing Activities -$941.0M -$834.0M
Cash From Financing Activities $112.0M -$45.00M
Net Change In Cash $55.00M -$24.00M
YoY Change -329.17% 41.18%
FREE CASH FLOW
Cash From Operating Activities $884.0M $855.0M
Capital Expenditures $944.0M $951.0M
Free Cash Flow -$60.00M -$96.00M
YoY Change -37.5% -68.42%

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30000000 USD
CY2017Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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280000000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2017Q1 us-gaap Operating Income Loss
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CY2016Q4 us-gaap Other Assets Current
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CY2017Q1 us-gaap Other Assets Current
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CY2016Q1 us-gaap Other Cost And Expense Operating
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CY2017Q1 us-gaap Other Liabilities Current
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CY2017Q1 us-gaap Other Noncash Income Expense
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CY2016Q1 us-gaap Other Nonoperating Expense
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CY2016Q1 us-gaap Other Nonoperating Income
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CY2017Q1 us-gaap Other Nonoperating Income
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CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2017Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2016Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2017Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2016Q1 us-gaap Payments Of Dividends Common Stock
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156000000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
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177000000 USD
CY2016Q1 us-gaap Payments Of Dividends Minority Interest
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35000000 USD
CY2017Q1 us-gaap Payments Of Dividends Minority Interest
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37000000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
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951000000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2016Q1 us-gaap Payments To Invest In Decommissioning Fund
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687000000 USD
CY2017Q1 us-gaap Payments To Invest In Decommissioning Fund
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1719000000 USD
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CY2017Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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1358000000 USD
CY2016Q1 us-gaap Proceeds From Decommissioning Fund
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793000000 USD
CY2017Q1 us-gaap Proceeds From Decommissioning Fund
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CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2016Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
294000000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3000000 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2016Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2017Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2016Q1 us-gaap Profit Loss
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306000000 USD
CY2017Q1 us-gaap Profit Loss
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CY2016Q4 us-gaap Property Plant And Equipment Net
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37000000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
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CY2016Q4 us-gaap Property Plant And Equipment Other Net
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CY2017Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
217000000 USD
CY2016Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
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22000000 USD
CY2017Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
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CY2016Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
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CY2017Q1 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
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CY2016Q4 us-gaap Public Utilities Property Plant And Equipment Net
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CY2016Q4 us-gaap Receivables Net Current
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CY2017Q1 us-gaap Receivables Net Current
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CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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5000000 USD
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2016Q4 us-gaap Regulatory Assets Current
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CY2017Q1 us-gaap Regulatory Assets Current
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CY2016Q4 us-gaap Regulatory Assets Noncurrent
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CY2017Q1 us-gaap Regulatory Assets Noncurrent
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CY2016Q4 us-gaap Regulatory Liability Current
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CY2017Q1 us-gaap Regulatory Liability Current
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CY2016Q4 us-gaap Regulatory Liability Noncurrent
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CY2017Q1 us-gaap Regulatory Liability Noncurrent
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CY2016Q1 us-gaap Repayments Of Long Term Debt
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40000000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
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40000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
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9590000000 USD
CY2016Q1 us-gaap Revenues
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CY2017Q1 us-gaap Revenues
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CY2016Q4 us-gaap Short Term Borrowings
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CY2017Q1 us-gaap Short Term Borrowings
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q1 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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CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q4 us-gaap Taxes Payable Current
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CY2017Q1 us-gaap Taxes Payable Current
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CY2016Q1 us-gaap Unrealized Gain Loss On Derivatives
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CY2017Q1 us-gaap Unrealized Gain Loss On Derivatives
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CY2016Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q1 us-gaap Unrecognized Tax Benefits
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CY2017Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2017Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2017Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2017Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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326000000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares

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