2017 Q1 Form 10-Q Financial Statement

#000080364917000014 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $99.55M $137.1M
YoY Change -27.41% -35.63%
Cost Of Revenue $41.10M $57.30M
YoY Change -28.27% -41.47%
Gross Profit $58.50M $79.90M
YoY Change -26.78% -30.63%
Gross Profit Margin 58.76% 58.26%
Selling, General & Admin $12.10M $13.30M
YoY Change -9.02% -19.88%
% of Gross Profit 20.68% 16.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.92M $36.25M
YoY Change -25.75% -42.18%
% of Gross Profit 46.01% 45.37%
Operating Expenses $39.00M $49.50M
YoY Change -21.21% -37.58%
Operating Profit $18.19M $30.31M
YoY Change -40.01% -10.9%
Interest Expense $15.01M $22.35M
YoY Change -32.81% -25.12%
% of Operating Profit 82.56% 73.72%
Other Income/Expense, Net
YoY Change
Pretax Income $24.00M $46.48M
YoY Change -48.37% 255.63%
Income Tax $175.0K $75.00K
% Of Pretax Income 0.73% 0.16%
Net Earnings $23.81M $46.40M
YoY Change -48.68% 240.44%
Net Earnings / Revenue 23.92% 33.84%
Basic Earnings Per Share $0.18 $0.31
Diluted Earnings Per Share $0.17 $0.31
COMMON SHARES
Basic Shares Outstanding 124.0M shares 125.8M shares
Diluted Shares Outstanding 125.2M shares 127.5M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.889B $1.742B
YoY Change 8.4% 313.11%
Cash & Equivalents $1.889B $1.742B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $152.1M $176.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.041B $1.919B
YoY Change 6.35% 185.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.960B $2.892B
YoY Change -32.23% -37.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $275.6M
YoY Change
Other Assets $70.60M $56.50M
YoY Change 24.96% 69.67%
Total Long-Term Assets $2.478B $3.184B
YoY Change -22.18% -37.11%
TOTAL ASSETS
Total Short-Term Assets $2.041B $1.919B
Total Long-Term Assets $2.478B $3.184B
Total Assets $4.519B $5.103B
YoY Change -11.45% -11.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.50M $120.9M
YoY Change -48.3% -18.86%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $69.50M $130.6M
YoY Change -46.78% -19.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.142B $1.558B
YoY Change -26.72% -29.35%
Other Long-Term Liabilities $21.10M $27.40M
YoY Change -22.99% -50.09%
Total Long-Term Liabilities $1.163B $1.585B
YoY Change -26.65% -29.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.50M $130.6M
Total Long-Term Liabilities $1.163B $1.585B
Total Liabilities $1.232B $1.716B
YoY Change -28.18% -29.19%
SHAREHOLDERS EQUITY
Retained Earnings $2.590B $2.380B
YoY Change 8.84% 5.9%
Common Stock $4.368B $4.395B
YoY Change -0.6% -2.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.285B $3.387B
YoY Change
Total Liabilities & Shareholders Equity $4.519B $5.103B
YoY Change -11.45% -11.01%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $23.81M $46.40M
YoY Change -48.68% 240.44%
Depreciation, Depletion And Amortization $26.92M $36.25M
YoY Change -25.75% -42.18%
Cash From Operating Activities -$4.001M $22.98M
YoY Change -117.41% -43.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$200.9M $88.90M
YoY Change -325.98% 167.77%
Cash From Investing Activities -$200.0M $88.94M
YoY Change -324.86% 168.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $209.0K $25.56M
YoY Change -99.18%
Debt Paid & Issued, Net $348.0K $139.9M
YoY Change -99.75% 8705.66%
Cash From Financing Activities -$2.524M -$172.5M
YoY Change -98.54% 997.93%
NET CHANGE
Cash From Operating Activities -$4.001M $22.98M
Cash From Investing Activities -$200.0M $88.94M
Cash From Financing Activities -$2.524M -$172.5M
Net Change In Cash -$206.5M -$60.59M
YoY Change 240.82% -204.87%
FREE CASH FLOW
Cash From Operating Activities -$4.001M $22.98M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2017Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
80205000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
122922000 USD
CY2017Q1 us-gaap Other Assets
OtherAssets
126698000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-795000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-794000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
673000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-153000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-641000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25563000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
209000 USD
CY2016Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6981000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1997000 USD
CY2016Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
52000 USD
CY2017Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2016Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2017Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
276238000 USD
CY2016Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6981000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
46402000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
23822000 USD
CY2016Q1 us-gaap Real Estate Improvements
RealEstateImprovements
31900000 USD
CY2017Q1 us-gaap Real Estate Improvements
RealEstateImprovements
14200000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
755255000 USD
CY2017Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
705000000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2856890000 USD
CY2017Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2664810000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2101635000 USD
CY2017Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1959810000 USD
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
137135000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
99551000 USD
CY2017Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
139922000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
348000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6532000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6155000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2566603000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2590417000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
77717000 USD
CY2017Q1 us-gaap Secured Debt
SecuredDebt
77178000 USD
CY2016Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
8160000 USD
CY2017Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
6957000 USD
CY2017Q1 us-gaap Senior Notes
SeniorNotes
675000000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4353000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5226000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4353000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5226000 USD
CY2016Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25563000 USD
CY2017Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
209000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3260447000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
3285483000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3368487000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3387371000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3260447000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3286525000 USD
CY2016Q1 us-gaap Straight Line Rent
StraightLineRent
3831000 USD
CY2017Q1 us-gaap Straight Line Rent
StraightLineRent
4387000 USD
CY2016Q4 us-gaap Unsecured Debt
UnsecuredDebt
1063950000 USD
CY2017Q1 us-gaap Unsecured Debt
UnsecuredDebt
1064450000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127522000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125150000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125840000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124047000 shares

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