2018 Q4 Form 10-Q Financial Statement

#000082705218000151 Filed on October 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $3.009B $4.269B $3.672B
YoY Change -6.55% 16.26% -2.52%
Cost Of Revenue $1.062B $2.306B $1.783B
YoY Change -6.1% 29.33% 3.72%
Gross Profit $1.947B $1.963B $1.889B
YoY Change -6.8% 3.92% -7.76%
Gross Profit Margin 64.71% 45.98% 51.44%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $301.0M $565.0M $543.0M
YoY Change -42.56% 4.05% -1.27%
% of Gross Profit 15.46% 28.78% 28.75%
Operating Expenses $1.301B $1.235B $1.336B
YoY Change -7.8% -7.56% -1.26%
Operating Profit -$2.041B $739.0M $553.0M
YoY Change 5271.05% 33.63% -20.43%
Interest Expense -$187.0M $188.0M $162.0M
YoY Change 14.02% 16.05% 10.2%
% of Operating Profit 25.44% 29.29%
Other Income/Expense, Net $12.00M $76.00M $41.00M
YoY Change -62.5% 85.37% 78.26%
Pretax Income -$2.216B $627.0M $432.0M
YoY Change 1203.53% 45.14% -24.34%
Income Tax -$782.0M $83.00M -$69.00M
% Of Pretax Income 13.24% -15.97%
Net Earnings -$1.400B $513.0M $470.0M
YoY Change 171.84% 9.15% 11.64%
Net Earnings / Revenue -46.53% 12.02% 12.8%
Basic Earnings Per Share -$4.39 $1.57 $1.44
Diluted Earnings Per Share -$4.39 $1.57 $1.43
COMMON SHARES
Basic Shares Outstanding 325.8M shares 326.0M shares 326.0M shares
Diluted Shares Outstanding 327.0M shares 328.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.0M $71.00M $117.0M
YoY Change -86.8% -39.32% 39.29%
Cash & Equivalents $144.0M $71.00M $117.0M
Short-Term Investments
Other Short-Term Assets $78.00M $157.0M $295.0M
YoY Change -61.39% -46.78% 13.03%
Inventory $282.0M $261.0M $229.0M
Prepaid Expenses $148.0M
Receivables $730.0M $1.044B $1.105B
Other Receivables $191.0M $167.0M $0.00
Total Short-Term Assets $3.359B $3.383B $2.758B
YoY Change -9.92% 22.66% 5.87%
LONG-TERM ASSETS
Property, Plant & Equipment $41.35B $40.41B $37.96B
YoY Change 5.88% 6.46% 4.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.183B $4.389B $4.487B
YoY Change -7.31% -2.18% 0.79%
Other Assets $2.445B $333.0M $358.0M
YoY Change 553.74% -6.98% 0.0%
Total Long-Term Assets $53.36B $50.18B $50.83B
YoY Change 9.22% -1.29% 3.84%
TOTAL ASSETS
Total Short-Term Assets $3.359B $3.383B $2.758B
Total Long-Term Assets $53.36B $50.18B $50.83B
Total Assets $56.72B $53.56B $53.59B
YoY Change 7.86% -0.05% 3.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.511B $1.288B $1.104B
YoY Change 0.53% 16.67% -6.44%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $720.0M $103.0M $908.0M
YoY Change -69.91% -88.66% 19.95%
Long-Term Debt Due $79.00M $79.00M $583.0M
YoY Change -83.58% -86.45% -33.83%
Total Short-Term Liabilities $5.395B $4.719B $5.409B
YoY Change -23.67% -12.76% 1.25%
LONG-TERM LIABILITIES
Long-Term Debt $14.63B $14.63B $11.64B
YoY Change 25.68% 25.7% 11.83%
Other Long-Term Liabilities $2.562B $2.633B $2.863B
YoY Change -13.24% -8.03% 32.06%
Total Long-Term Liabilities $17.19B $17.26B $14.50B
YoY Change 17.81% 19.04% 15.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.395B $4.719B $5.409B
Total Long-Term Liabilities $17.19B $17.26B $14.50B
Total Liabilities $44.06B $39.27B $38.97B
YoY Change 13.87% 0.78% 3.77%
SHAREHOLDERS EQUITY
Retained Earnings $7.964B $9.597B $9.944B
YoY Change -13.32% -3.49% 6.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.65B $14.29B $14.61B
YoY Change
Total Liabilities & Shareholders Equity $56.72B $53.56B $53.59B
YoY Change 7.86% -0.05% 3.95%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$1.400B $513.0M $470.0M
YoY Change 171.84% 9.15% 11.64%
Depreciation, Depletion And Amortization $301.0M $565.0M $543.0M
YoY Change -42.56% 4.05% -1.27%
Cash From Operating Activities $906.0M $1.054B $1.260B
YoY Change 0.78% -16.35% 17.76%
INVESTING ACTIVITIES
Capital Expenditures -$1.268B -$1.082B -$915.0M
YoY Change 8.38% 18.25% -3.17%
Acquisitions
YoY Change
Other Investing Activities $42.00M $57.00M $74.00M
YoY Change -51.72% -22.97% -50.34%
Cash From Investing Activities -$1.226B -$1.025B -$841.0M
YoY Change 13.2% 21.88% 5.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 393.0M -57.00M -399.0M
YoY Change -66.78% -85.71% 32.56%
NET CHANGE
Cash From Operating Activities 906.0M 1.054B 1.260B
Cash From Investing Activities -1.226B -1.025B -841.0M
Cash From Financing Activities 393.0M -57.00M -399.0M
Net Change In Cash 73.00M -28.00M 20.00M
YoY Change -92.69% -240.0% -174.07%
FREE CASH FLOW
Cash From Operating Activities $906.0M $1.054B $1.260B
Capital Expenditures -$1.268B -$1.082B -$915.0M
Free Cash Flow $2.174B $2.136B $2.175B
YoY Change 5.07% -1.79% 7.94%

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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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WeightedAverageNumberOfDilutedSharesOutstanding
329000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
327000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
327000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares

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