2018 Q1 Form 10-Q Financial Statement

#000159200018000006 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.762B $1.322B
YoY Change 33.27% 48.58%
Cost Of Revenue $1.326B $1.002B
YoY Change 32.26% 70.98%
Gross Profit $325.7M $215.5M
YoY Change 51.14% 4.97%
Gross Profit Margin 18.49% 16.3%
Selling, General & Admin $27.50M $36.10M
YoY Change -23.82% 2.85%
% of Gross Profit 8.44% 16.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $138.1M $128.3M
YoY Change 7.64% 5.25%
% of Gross Profit 42.4% 59.54%
Operating Expenses $27.50M $268.5M
YoY Change -89.76% 5.21%
Operating Profit $105.3M $56.50M
YoY Change 86.37% -106.85%
Interest Expense -$41.40M -$43.90M
YoY Change -5.69% -4.15%
% of Operating Profit -39.32% -77.7%
Other Income/Expense, Net -$41.20M -$44.20M
YoY Change -6.79% -4.54%
Pretax Income $64.10M $12.30M
YoY Change 421.14% -101.41%
Income Tax $7.000M $3.000M
% Of Pretax Income 10.92% 24.39%
Net Earnings $12.40M -$1.900M
YoY Change -752.63% -99.58%
Net Earnings / Revenue 0.7% -0.14%
Basic Earnings Per Share $0.07 -$0.01
Diluted Earnings Per Share $0.07 -$0.01
COMMON SHARES
Basic Shares Outstanding 180.9M shares 180.2M shares
Diluted Shares Outstanding 181.8M shares 180.2M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.00M $15.00M
YoY Change 13.33% 150.0%
Cash & Equivalents $17.20M $15.00M
Short-Term Investments $0.00
Other Short-Term Assets $33.60M $2.000M
YoY Change 1580.0% -81.82%
Inventory $22.00M $28.00M
Prepaid Expenses
Receivables $78.30M $47.10M
Other Receivables $115.0M $107.0M
Total Short-Term Assets $846.9M $557.5M
YoY Change 51.91% 26.85%
LONG-TERM ASSETS
Property, Plant & Equipment $6.659B $6.396B
YoY Change 4.11% 4.57%
Goodwill $1.542B $1.542B
YoY Change 0.0% 0.1%
Intangibles $1.466B $1.595B
YoY Change -8.05% -6.01%
Long-Term Investments $86.40M $84.50M
YoY Change 2.25% -68.68%
Other Assets $14.20M $2.200M
YoY Change 545.45% -18.52%
Total Long-Term Assets $9.768B $9.620B
YoY Change 1.54% -0.07%
TOTAL ASSETS
Total Short-Term Assets $846.9M $557.5M
Total Long-Term Assets $9.768B $9.620B
Total Assets $10.62B $10.18B
YoY Change 4.3% 1.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.20M $70.90M
YoY Change 21.58% 98.6%
Accrued Expenses $221.8M $214.3M
YoY Change 3.5% 14.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $76.30M
YoY Change
Total Short-Term Liabilities $903.5M $836.9M
YoY Change 7.96% 22.93%
LONG-TERM LIABILITIES
Long-Term Debt $3.839B $3.521B
YoY Change 9.02% 9.89%
Other Long-Term Liabilities $29.30M $42.10M
YoY Change -30.4% -29.24%
Total Long-Term Liabilities $3.868B $3.563B
YoY Change 8.56% 9.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $903.5M $836.9M
Total Long-Term Liabilities $3.868B $3.563B
Total Liabilities $4.772B $4.400B
YoY Change 8.44% 11.55%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.887B $1.837B
YoY Change
Total Liabilities & Shareholders Equity $10.62B $10.18B
YoY Change 4.3% 1.1%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $12.40M -$1.900M
YoY Change -752.63% -99.58%
Depreciation, Depletion And Amortization $138.1M $128.3M
YoY Change 7.64% 5.25%
Cash From Operating Activities $193.7M $177.6M
YoY Change 9.07% -8.64%
INVESTING ACTIVITIES
Capital Expenditures $181.5M $256.3M
YoY Change -29.18% 89.29%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.200M -$500.0K
YoY Change 340.0% -99.94%
Cash From Investing Activities -$179.3M -$69.30M
YoY Change 158.73% -92.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $428.6M $587.3M
YoY Change -27.02% 126.76%
Cash From Financing Activities -$28.40M -$105.0M
YoY Change -72.95% -114.46%
NET CHANGE
Cash From Operating Activities $193.7M $177.6M
Cash From Investing Activities -$179.3M -$69.30M
Cash From Financing Activities -$28.40M -$105.0M
Net Change In Cash -$14.00M $3.300M
YoY Change -524.24% -127.05%
FREE CASH FLOW
Cash From Operating Activities $193.7M $177.6M
Capital Expenditures $181.5M $256.3M
Free Cash Flow $12.20M -$78.70M
YoY Change -115.5% -233.39%

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RevenueRemainingPerformanceObligation
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RevenueRemainingPerformanceObligation
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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P0Y9M
CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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P1Y
CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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CY2017Q1 us-gaap Revenues
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CY2018Q1 us-gaap Revenues
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CY2017Q1 us-gaap Share Based Compensation
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CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181800000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180200000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180900000 shares

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