2017 Q1 Form 10-Q Financial Statement
#000080364917000014 Filed on May 04, 2017
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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458000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-1311000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-192000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
181000 | USD |
CY2016Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1967000 | USD |
CY2017Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
4372000 | USD |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
22347000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
15014000 | USD |
CY2016Q1 | us-gaap |
Interest Paid
InterestPaid
|
28542000 | USD |
CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
22285000 | USD |
CY2016Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
2570704000 | USD |
CY2017Q1 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
2395748000 | USD |
CY2016Q4 | us-gaap |
Land
Land
|
286186000 | USD |
CY2017Q1 | us-gaap |
Land
Land
|
269062000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
1265628000 | USD |
CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
1232231000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4526075000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4518756000 | USD |
CY2016Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
0 | USD |
CY2017Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
1013000 | USD |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
0 | USD |
CY2017Q1 | us-gaap |
Minority Interest
MinorityInterest
|
1042000 | USD |
CY2017Q1 | us-gaap |
Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
|
0.0003 | |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-172518000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2524000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
88941000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-200923000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
22984000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2690000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
46402000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23814000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
39421000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
21817000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
39421000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
21825000 | USD |
CY2017Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
30000 | USD |
CY2017Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2016Q4 | us-gaap |
Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
|
1946000 | USD |
CY2017Q1 | us-gaap |
Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
|
1630000 | USD |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
30314000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
18185000 | USD |
CY2016Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
109888000 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1997000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
2000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
30000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
118391000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
94138000 | USD |
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 |