2020 Q1 Form 10-Q Financial Statement

#000082705220000091 Filed on April 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $2.790B $2.824B
YoY Change -1.2% 10.14%
Cost Of Revenue $928.0M $1.005B
YoY Change -7.66% 8.53%
Gross Profit $1.862B $1.819B
YoY Change 2.36% 11.05%
Gross Profit Margin 66.74% 64.41%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $501.0M $498.0M
YoY Change 0.6% 3.97%
% of Gross Profit 26.91% 27.38%
Operating Expenses $1.476B $1.471B
YoY Change 0.34% 18.44%
Operating Profit $302.0M $352.0M
YoY Change -14.2% 6.67%
Interest Expense $225.0M $194.0M
YoY Change 15.98% 14.12%
% of Operating Profit 74.5% 55.11%
Other Income/Expense, Net $52.00M $38.00M
YoY Change 36.84% -25.49%
Pretax Income $129.0M $196.0M
YoY Change -34.18% -7.11%
Income Tax -$84.00M -$112.0M
% Of Pretax Income -65.12% -57.14%
Net Earnings $183.0M $278.0M
YoY Change -34.17% 27.52%
Net Earnings / Revenue 6.56% 9.84%
Basic Earnings Per Share $0.50 $0.85
Diluted Earnings Per Share $0.50 $0.85
COMMON SHARES
Basic Shares Outstanding 363.0M 326.0M shares
Diluted Shares Outstanding 364.0M 327.0M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.337B $328.0M
YoY Change 307.62% 212.38%
Cash & Equivalents $1.337B $328.0M
Short-Term Investments
Other Short-Term Assets $119.0M $140.0M
YoY Change -15.0% -15.15%
Inventory $363.0M $312.0M
Prepaid Expenses $158.0M $465.0M
Receivables $795.0M $716.0M
Other Receivables $131.0M $192.0M
Total Short-Term Assets $4.911B $3.999B
YoY Change 22.81% 33.66%
LONG-TERM ASSETS
Property, Plant & Equipment $44.82B $41.76B
YoY Change 7.32% 6.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.341B $4.367B
YoY Change -0.6% -1.09%
Other Assets $2.290B $2.462B
YoY Change -6.99% 567.21%
Total Long-Term Assets $61.12B $54.79B
YoY Change 11.54% 11.94%
TOTAL ASSETS
Total Short-Term Assets $4.911B $3.999B
Total Long-Term Assets $61.12B $54.79B
Total Assets $66.03B $58.79B
YoY Change 12.3% 13.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.454B $1.366B
YoY Change 6.44% 32.24%
Accrued Expenses $74.00M $157.0M
YoY Change -52.87%
Deferred Revenue
YoY Change
Short-Term Debt $1.275B $932.0M
YoY Change 36.8% 1231.43%
Long-Term Debt Due $901.0M $79.00M
YoY Change 1040.51% -83.51%
Total Short-Term Liabilities $6.248B $5.375B
YoY Change 16.24% 15.67%
LONG-TERM LIABILITIES
Long-Term Debt $19.13B $15.68B
YoY Change 21.95% 17.33%
Other Long-Term Liabilities $2.955B $2.430B
YoY Change 21.6% -15.77%
Total Long-Term Liabilities $22.08B $18.11B
YoY Change 21.9% 11.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.248B $5.375B
Total Long-Term Liabilities $22.08B $18.11B
Total Liabilities $50.48B $46.07B
YoY Change 9.57% 21.08%
SHAREHOLDERS EQUITY
Retained Earnings $8.333B $8.034B
YoY Change 3.72% -12.78%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.54B $12.72B
YoY Change
Total Liabilities & Shareholders Equity $66.03B $58.79B
YoY Change 12.3% 13.19%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $183.0M $278.0M
YoY Change -34.17% 27.52%
Depreciation, Depletion And Amortization $501.0M $498.0M
YoY Change 0.6% 3.97%
Cash From Operating Activities $315.0M $210.0M
YoY Change 50.0% -75.55%
INVESTING ACTIVITIES
Capital Expenditures $1.268B $1.074B
YoY Change 18.06% -5.54%
Acquisitions
YoY Change
Other Investing Activities -$4.000M -$15.00M
YoY Change -73.33% -6.25%
Cash From Investing Activities -$1.278B -$986.0M
YoY Change 29.61% -10.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $74.00M $0.00
YoY Change
Debt Paid & Issued, Net $40.00M $40.00M
YoY Change 0.0% -2.44%
Cash From Financing Activities 2.231B $1.009B
YoY Change 121.11% -235.44%
NET CHANGE
Cash From Operating Activities 315.0M $210.0M
Cash From Investing Activities -1.278B -$986.0M
Cash From Financing Activities 2.231B $1.009B
Net Change In Cash 1.268B $233.0M
YoY Change 444.21% -123.7%
FREE CASH FLOW
Cash From Operating Activities $315.0M $210.0M
Capital Expenditures $1.268B $1.074B
Free Cash Flow -$953.0M -$864.0M
YoY Change 10.3% 210.79%

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183000000 USD
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278000000 USD
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183000000 USD
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CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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232000000 USD
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30000000 USD
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7000000 USD
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308000000 USD
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200000000 USD
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30000000 USD
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129000000 USD
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196000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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27000000 USD
CY2019Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
41000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019Q1 eix Income Tax Reconciliation Property Related
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CY2019Q1 eix Income Tax Reconciliation Adjustment Tax Reserve Adjustment
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0 USD
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0 USD
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
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56000000 USD
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CY2019Q1 us-gaap Proceeds From Income Tax Refunds
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52000000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
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38000000 USD
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233000000 USD
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200000000 USD

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