2018 Q1 Form 10-Q Financial Statement
#000080364918000016 Filed on May 08, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $58.59M | $99.55M |
YoY Change | -41.15% | -27.41% |
Cost Of Revenue | $24.60M | $41.10M |
YoY Change | -40.15% | -28.27% |
Gross Profit | $34.00M | $58.50M |
YoY Change | -41.88% | -26.78% |
Gross Profit Margin | 58.03% | 58.76% |
Selling, General & Admin | $13.30M | $12.10M |
YoY Change | 9.92% | -9.02% |
% of Gross Profit | 39.12% | 20.68% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $13.90M | $26.92M |
YoY Change | -48.34% | -25.75% |
% of Gross Profit | 40.89% | 46.01% |
Operating Expenses | $24.60M | $39.00M |
YoY Change | -36.93% | -21.21% |
Operating Profit | -$5.340M | $18.19M |
YoY Change | -129.36% | -40.01% |
Interest Expense | $10.12M | $15.01M |
YoY Change | -32.63% | -32.81% |
% of Operating Profit | 82.56% | |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $190.7M | $24.00M |
YoY Change | 694.55% | -48.37% |
Income Tax | $3.007M | $175.0K |
% Of Pretax Income | 1.58% | 0.73% |
Net Earnings | $187.6M | $23.81M |
YoY Change | 687.77% | -48.68% |
Net Earnings / Revenue | 320.2% | 23.92% |
Basic Earnings Per Share | $1.50 | $0.18 |
Diluted Earnings Per Share | $1.48 | $0.17 |
COMMON SHARES | ||
Basic Shares Outstanding | 123.9M shares | 124.0M shares |
Diluted Shares Outstanding | 127.1M shares | 125.2M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.838B | $1.889B |
YoY Change | 50.26% | 8.4% |
Cash & Equivalents | $2.838B | $1.889B |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $55.90M | $152.1M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.894B | $2.041B |
YoY Change | 41.8% | 6.35% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $867.4M | $1.960B |
YoY Change | -55.74% | -32.23% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $247.9M | $275.6M |
YoY Change | -10.05% | |
Other Assets | $45.90M | $70.60M |
YoY Change | -34.99% | 24.96% |
Total Long-Term Assets | $1.244B | $2.478B |
YoY Change | -49.81% | -22.18% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.894B | $2.041B |
Total Long-Term Assets | $1.244B | $2.478B |
Total Assets | $4.137B | $4.519B |
YoY Change | -8.44% | -11.45% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $42.00M | $62.50M |
YoY Change | -32.8% | -48.3% |
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 | $46.40M | $69.50M |
YoY Change | -33.24% | -46.78% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $678.5M | $1.142B |
YoY Change | -40.57% | -26.72% |
Other Long-Term Liabilities | $10.90M | $21.10M |
YoY Change | -48.34% | -22.99% |
Total Long-Term Liabilities | $689.4M | $1.163B |
YoY Change | -40.71% | -26.65% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $46.40M | $69.50M |
Total Long-Term Liabilities | $689.4M | $1.163B |
Total Liabilities | $735.8M | $1.232B |
YoY Change | -40.28% | -28.18% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $2.786B | $2.590B |
YoY Change | 7.54% | 8.84% |
Common Stock | $4.297B | $4.368B |
YoY Change | -1.64% | -0.6% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.400B | $3.285B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $4.137B | $4.519B |
YoY Change | -8.44% | -11.45% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $187.6M | $23.81M |
YoY Change | 687.77% | -48.68% |
Depreciation, Depletion And Amortization | $13.90M | $26.92M |
YoY Change | -48.34% | -25.75% |
Cash From Operating Activities | -$371.0K | -$4.001M |
YoY Change | -90.73% | -117.41% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $751.6M | -$200.9M |
YoY Change | -474.12% | -325.98% |
Cash From Investing Activities | $751.6M | -$200.0M |
YoY Change | -475.83% | -324.86% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $89.91M | $209.0K |
YoY Change | 42919.14% | -99.18% |
Debt Paid & Issued, Net | $175.3M | $348.0K |
YoY Change | 50263.51% | -99.75% |
Cash From Financing Activities | -$267.2M | -$2.524M |
YoY Change | 10485.26% | -98.54% |
NET CHANGE | ||
Cash From Operating Activities | -$371.0K | -$4.001M |
Cash From Investing Activities | $751.6M | -$200.0M |
Cash From Financing Activities | -$267.2M | -$2.524M |
Net Change In Cash | $484.1M | -$206.5M |
YoY Change | -334.4% | 240.82% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$371.0K | -$4.001M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
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-10139000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
416000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-1786000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
181000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
57000 | USD |
CY2017Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
4372000 | USD |
CY2018Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
5780000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
15014000 | USD |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
10115000 | USD |
CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
22285000 | USD |
CY2018Q1 | us-gaap |
Interest Paid
InterestPaid
|
14631000 | USD |
CY2017Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
1555836000 | USD |
CY2018Q1 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
1100524000 | USD |
CY2017Q4 | us-gaap |
Land
Land
|
191775000 | USD |
CY2018Q1 | us-gaap |
Land
Land
|
146700000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
936450000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
735827000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4236945000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4137306000 | USD |
CY2017Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
1840000 | USD |
CY2018Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
1153000 | USD |
CY2018Q1 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
-5000000 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
1129000 | USD |
CY2018Q1 | us-gaap |
Minority Interest
MinorityInterest
|
1189000 | USD |
CY2018Q1 | us-gaap |
Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
|
0.0003 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2524000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-267172000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-199989000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
751619000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4001000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-371000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23814000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
187599000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
63000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
21817000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
185602000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
21825000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
187662000 | USD |
CY2018Q1 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
1902000 | USD |
CY2018Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
0 | USD |
CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2017Q4 | us-gaap |
Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
|
1001000 | USD |
CY2018Q1 | us-gaap |
Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
|
503000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
18185000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5340000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
80205000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
43549000 | USD |
CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
87563000 | USD |
CY2018Q1 | us-gaap |
Other Assets
OtherAssets
|
78986000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-159000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-109000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-153000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
117000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-641000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-226000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
209000 | USD |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
89910000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1997000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1997000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
276238000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1997000 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1997000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
2000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
1443000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
30000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
18613000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
94138000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
744324000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
23822000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
187662000 | USD |
CY2017Q1 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
14200000 | USD |
CY2018Q1 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
12900000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
450718000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
379862000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1747611000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1247224000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
1296893000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
867362000 | USD |
CY2017Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
99551000 | USD |
CY2018Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
58588000 | USD |
CY2018Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-50000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
348000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
175265000 | USD |
CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
6155000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
8897000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
6995000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2596259000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2785760000 | USD |
CY2017Q4 | us-gaap |
Secured Debt
SecuredDebt
|
32594000 | USD |
CY2018Q1 | us-gaap |
Secured Debt
SecuredDebt
|
32281000 | USD |
CY2017Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
4735000 | USD |
CY2018Q1 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
4412000 | USD |
CY2018Q1 | us-gaap |
Senior Notes
SeniorNotes
|
250000000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5226000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5338000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
400000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
5338000 | USD |
CY2018Q1 | us-gaap |
Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
|
P12M | |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
89910000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3299366000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3400290000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3300495000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3401479000 | USD |
CY2017Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
4387000 | USD |
CY2018Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
1528000 | USD |
CY2017Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
815984000 | USD |
CY2018Q1 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
646246000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
125150000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
127097000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124047000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123867000 | shares |