2018 Q3 Form 10-Q Financial Statement

#000082118918000044 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $4.782B $2.645B
YoY Change 80.79% 24.84%
Cost Of Revenue $1.964B $1.266B
YoY Change 55.13% 24.59%
Gross Profit $2.701B $1.387B
YoY Change 94.79% 39.52%
Gross Profit Margin 56.49% 52.43%
Selling, General & Admin $320.3M $237.6M
YoY Change 34.81% 27.54%
% of Gross Profit 11.86% 17.13%
Research & Development $27.40M $26.10M
YoY Change 4.98% -17.67%
% of Gross Profit 1.01% 1.88%
Depreciation & Amortization $918.2M $846.2M
YoY Change 8.5% -5.92%
% of Gross Profit 33.99% 61.02%
Operating Expenses $1.266B $1.110B
YoY Change 14.05% -0.68%
Operating Profit $1.507B $214.8M
YoY Change 601.32% -211.04%
Interest Expense $63.63M $69.08M
YoY Change -7.89% -2.51%
% of Operating Profit 4.22% 32.16%
Other Income/Expense, Net $3.308M $226.0K
YoY Change 1363.72% -102.86%
Pretax Income $1.446B $146.0M
YoY Change 890.8% -153.62%
Income Tax $255.4M $45.44M
% Of Pretax Income 17.66% 31.13%
Net Earnings $1.191B $100.5M
YoY Change 1084.54% -152.92%
Net Earnings / Revenue 24.91% 3.8%
Basic Earnings Per Share $2.06 $0.17
Diluted Earnings Per Share $2.05 $0.17
COMMON SHARES
Basic Shares Outstanding 577.3M shares 574.8M shares
Diluted Shares Outstanding 581.6M shares 578.7M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.274B $846.0M
YoY Change 50.59% -19.35%
Cash & Equivalents $1.274B $846.1M
Short-Term Investments
Other Short-Term Assets $302.2M $200.1M
YoY Change 51.05% 0.19%
Inventory $767.0M $344.0M
Prepaid Expenses
Receivables $1.812B $1.244B
Other Receivables $321.0M $126.0M
Total Short-Term Assets $4.817B $2.764B
YoY Change 74.28% 0.96%
LONG-TERM ASSETS
Property, Plant & Equipment $27.95B $25.72B
YoY Change 8.64% 13.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $856.0M $299.3M
YoY Change 185.96% 73.26%
Total Long-Term Assets $28.82B $26.04B
YoY Change 10.67% 14.13%
TOTAL ASSETS
Total Short-Term Assets $4.817B $2.764B
Total Long-Term Assets $28.82B $26.04B
Total Assets $33.64B $28.81B
YoY Change 16.78% 12.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.436B $1.636B
YoY Change 48.91% 26.19%
Accrued Expenses $249.2M $180.3M
YoY Change 38.25% 25.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.263B $6.579M
YoY Change 19095.53% 0.0%
Total Short-Term Liabilities $4.425B $2.180B
YoY Change 102.99% 25.8%
LONG-TERM LIABILITIES
Long-Term Debt $5.172B $6.380B
YoY Change -18.94% -8.58%
Other Long-Term Liabilities $1.302B $1.215B
YoY Change 7.17% 24.53%
Total Long-Term Liabilities $6.474B $7.596B
YoY Change -14.76% -4.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.425B $2.180B
Total Long-Term Liabilities $6.474B $7.596B
Total Liabilities $10.90B $9.776B
YoY Change 11.5% 0.9%
SHAREHOLDERS EQUITY
Retained Earnings $12.78B $8.260B
YoY Change 54.7% -4.42%
Common Stock $205.8M $205.8M
YoY Change 0.01% 0.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $52.24M $39.96M
YoY Change 30.71% 139.41%
Treasury Stock Shares 478.0K shares 429.4K shares
Shareholders Equity $18.54B $13.92B
YoY Change
Total Liabilities & Shareholders Equity $33.64B $28.81B
YoY Change 16.78% 12.72%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $1.191B $100.5M
YoY Change 1084.54% -152.92%
Depreciation, Depletion And Amortization $918.2M $846.2M
YoY Change 8.5% -5.92%
Cash From Operating Activities $2.190B $961.4M
YoY Change 127.75% 26.57%
INVESTING ACTIVITIES
Capital Expenditures -$1.649B -$1.094B
YoY Change 50.75% 67.33%
Acquisitions
YoY Change
Other Investing Activities -$139.5M $57.70M
YoY Change -341.77% -78.73%
Cash From Investing Activities -$1.789B -$1.036B
YoY Change 72.59% 170.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -134.7M -725.2M
YoY Change -81.43% 571.48%
NET CHANGE
Cash From Operating Activities 2.190B 961.4M
Cash From Investing Activities -1.789B -1.036B
Cash From Financing Activities -134.7M -725.2M
Net Change In Cash 266.2M -800.2M
YoY Change -133.27% -397.36%
FREE CASH FLOW
Cash From Operating Activities $2.190B $961.4M
Capital Expenditures -$1.649B -$1.094B
Free Cash Flow $3.839B $2.055B
YoY Change 86.77% 45.42%

Facts In Submission

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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments To Acquire Oil And Gas Property And Equipment
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us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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5346000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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4897000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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5052000 USD
us-gaap Repayments Of Long Term Debt
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600000000 USD
us-gaap Repayments Of Long Term Debt
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0 USD
CY2017Q3 us-gaap Results Of Operations Dry Hole Costs
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50000 USD
us-gaap Results Of Operations Dry Hole Costs
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77000 USD
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358000 USD
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5260000 USD
CY2017Q3 us-gaap Results Of Operations Transportation Costs
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183565000 USD
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548635000 USD
CY2018Q3 us-gaap Results Of Operations Transportation Costs
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196027000 USD
us-gaap Results Of Operations Transportation Costs
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550781000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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116290000 USD
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13700000 shares
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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16283273000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Treasury Stock Shares
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33298000 USD
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us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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64860000 USD
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CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
578453000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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580442000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
577254000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
576431000 shares

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