2016 Q4 Form 10-K Financial Statement

#000162828018002212 Filed on February 26, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $942.6M $924.7M $900.5M
YoY Change 29.05% 34.67% 35.3%
Cost Of Revenue $465.9M $470.3M $457.0M
YoY Change 32.36% 44.5% 44.72%
Gross Profit $476.7M $454.4M $443.5M
YoY Change 25.95% 25.8% 26.79%
Gross Profit Margin 50.57% 49.14% 49.25%
Selling, General & Admin $292.3M $292.2M $276.3M
YoY Change 29.74% 41.18% 37.58%
% of Gross Profit 61.31% 64.3% 62.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $209.8M $214.8M $212.1M
YoY Change 45.59% 62.25% 66.48%
% of Gross Profit 44.01% 47.28% 47.81%
Operating Expenses $292.4M $292.2M $276.3M
YoY Change 29.78% 41.18% 37.58%
Operating Profit $184.3M $169.9M $151.7M
YoY Change 20.32% 20.63% 9.0%
Interest Expense -$97.80M $92.20M $100.3M
YoY Change 24.9% 20.89% 34.68%
% of Operating Profit -53.06% 54.25% 66.16%
Other Income/Expense, Net -$1.700M $2.938M $1.555M
YoY Change -96.5% -122.89% 12.19%
Pretax Income $83.20M $71.55M $53.11M
YoY Change 856.32% 35.73% -20.66%
Income Tax $19.50M $22.78M $13.81M
% Of Pretax Income 23.44% 31.84% 26.0%
Net Earnings $61.75M $51.45M $44.71M
YoY Change 475.44% 25.09% -24.8%
Net Earnings / Revenue 6.55% 5.56% 4.97%
Basic Earnings Per Share $0.86 $0.73 $0.64
Diluted Earnings Per Share $0.86 $0.72 $0.64
COMMON SHARES
Basic Shares Outstanding 71.38M shares 71.19M shares 69.73M shares
Diluted Shares Outstanding 71.91M shares 70.36M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $752.0M $988.0M $486.0M
YoY Change -66.46% 194.93% 12.5%
Cash & Equivalents $748.5M $987.9M $483.2M
Short-Term Investments $3.000M $0.00 $3.000M
Other Short-Term Assets $319.4M $172.4M $233.9M
YoY Change 50.0% 43.64% 186.15%
Inventory
Prepaid Expenses $79.26M
Receivables $396.2M $377.5M $347.0M
Other Receivables $46.81M $0.00 $0.00
Total Short-Term Assets $1.468B $1.660B $2.095B
YoY Change -54.97% 33.69% 57.54%
LONG-TERM ASSETS
Property, Plant & Equipment $7.199B $7.251B $6.959B
YoY Change 28.41% 38.95% 34.22%
Goodwill $2.986B $3.119B $3.190B
YoY Change 180.86% 217.09% 216.57%
Intangibles
YoY Change
Long-Term Investments $10.00M $15.00M $8.000M
YoY Change 100.0% 275.0% 100.0%
Other Assets $226.3M $248.7M $228.0M
YoY Change 13.93% 101.33% 44.82%
Total Long-Term Assets $11.14B $11.44B $11.17B
YoY Change 56.97% 76.94% 72.01%
TOTAL ASSETS
Total Short-Term Assets $1.468B $1.660B $2.095B
Total Long-Term Assets $11.14B $11.44B $11.17B
Total Assets $12.61B $13.10B $13.27B
YoY Change 21.74% 69.97% 69.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.21M $535.0M $498.0M
YoY Change 20.68% 57.35% 57.59%
Accrued Expenses $145.0M $186.0M $163.0M
YoY Change 40.78% 40.91% 27.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $169.0M $611.0M $604.0M
YoY Change -79.14% 645.12% 602.33%
Total Short-Term Liabilities $1.029B $1.496B $1.560B
YoY Change -37.89% 2.15% 90.74%
LONG-TERM LIABILITIES
Long-Term Debt $6.591B $6.314B $6.397B
YoY Change 18.44% 43.4% 42.98%
Other Long-Term Liabilities $623.2M $664.1M $606.5M
YoY Change 59.64% 89.83% 83.06%
Total Long-Term Liabilities $623.2M $664.1M $606.5M
YoY Change 59.64% 89.83% 83.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.029B $1.496B $1.560B
Total Long-Term Liabilities $623.2M $664.1M $606.5M
Total Liabilities $8.243B $8.474B $8.564B
YoY Change 8.29% 36.3% 52.28%
SHAREHOLDERS EQUITY
Retained Earnings $18.58M -$43.17M -$94.62M
YoY Change -117.17% -63.71% -40.89%
Common Stock $7.414B $7.371B $7.308B
YoY Change 53.22% 112.6% 113.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $147.6M $147.6M $148.2M
YoY Change 1901.34% 1389.13% 1292.5%
Treasury Stock Shares 408.4K shares
Shareholders Equity $4.366B $4.624B $4.705B
YoY Change
Total Liabilities & Shareholders Equity $12.61B $13.10B $13.27B
YoY Change 21.74% 69.97% 69.55%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $61.75M $51.45M $44.71M
YoY Change 475.44% 25.09% -24.8%
Depreciation, Depletion And Amortization $209.8M $214.8M $212.1M
YoY Change 45.59% 62.25% 66.48%
Cash From Operating Activities $304.4M $357.0M $253.2M
YoY Change 29.48% 66.51% 19.15%
INVESTING ACTIVITIES
Capital Expenditures -$386.4M $279.5M $249.9M
YoY Change 37.7% 29.36% -212.86%
Acquisitions
YoY Change
Other Investing Activities $24.80M $637.3M -$2.900M
YoY Change -109.98% 487.37% -96.24%
Cash From Investing Activities -$361.6M $357.9M -$252.8M
YoY Change -31.64% -432.93% -15.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -158.2M -192.6M -169.4M
YoY Change -107.21% 89.94% 41.64%
NET CHANGE
Cash From Operating Activities 304.4M 357.0M 253.2M
Cash From Investing Activities -361.6M 357.9M -252.8M
Cash From Financing Activities -158.2M -192.6M -169.4M
Net Change In Cash -215.4M 522.3M -169.0M
YoY Change -111.34% 9396.36% -17.84%
FREE CASH FLOW
Cash From Operating Activities $304.4M $357.0M $253.2M
Capital Expenditures -$386.4M $279.5M $249.9M
Free Cash Flow $690.8M $77.52M $3.333M
YoY Change 33.95% -4809.78% -99.23%

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168655000 USD
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172123000 USD
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274341000 USD
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65825000 USD
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7832000 USD
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0 USD
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40893000 USD
CY2017Q4 us-gaap Deposits Assets Noncurrent
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48296000 USD
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Depreciation
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528929000 USD
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
843510000 USD
CY2017 us-gaap Depreciation Amortization And Accretion Net
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1028892000 USD
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DepreciationDepletionAndAmortization
525580000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
837207000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1042480000 USD
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0 USD
CY2017Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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0 USD
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69979000 USD
CY2017Q4 us-gaap Derivative Assets
DerivativeAssets
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54072000 USD
CY2017Q4 us-gaap Derivative Assets Current
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4175000 USD
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9434000 USD
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3209000 USD
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9434000 USD
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3209000 USD
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8285000 USD
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60545000 USD
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5076000 USD
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10959000 USD
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40847000 USD
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1525000 USD
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37638000 USD
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15907000 USD
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4110000 USD
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3800000 USD
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28000000 USD
CY2017 us-gaap Derivative Instruments Gain Reclassified From Accumulated Oci Into Income Effective Portion
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20800000 USD
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38400000 USD
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19900000 USD
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6300000 USD
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0 USD
CY2016Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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0 USD
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11200000 USD
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10959000 USD
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40847000 USD
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10819000 USD
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34466000 USD
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140000 USD
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6381000 USD
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0 USD
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2351000 USD
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0.00
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0.18
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0.00
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0.00
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0.17
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0.00
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4604000 USD
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24795000 USD
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7026000 USD
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32851000 USD
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15931000 USD
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71800000 USD
CY2016Q3 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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79500000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Revenue
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48782000 USD
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393600000 USD
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393584000 USD
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DividendsCommonStockCash
492403000 USD
CY2016 us-gaap Dividends Common Stock Cash
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492400000 USD
CY2017 us-gaap Dividends Common Stock Cash
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612100000 USD
CY2017 us-gaap Dividends Common Stock Cash
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612085000 USD
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11999000 USD
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11181000 USD
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23280000 USD
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7770000 USD
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DividendsShareBasedCompensation
10172000 USD
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3775000 USD
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DividendsShareBasedCompensationCash
7270000 USD
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DividendsShareBasedCompensationCash
3390000 USD
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3.25
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-0.46
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0.64
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0.73
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0.86
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EarningsPerShareBasic
1.81
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0.58
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0.59
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1.02
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0.83
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3.03
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3.21
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-0.46
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EarningsPerShareDiluted
0.64
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EarningsPerShareDiluted
0.72
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EarningsPerShareDiluted
0.86
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EarningsPerShareDiluted
1.79
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EarningsPerShareDiluted
0.57
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EarningsPerShareDiluted
0.58
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1.02
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EarningsPerShareDiluted
0.82
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EarningsPerShareDiluted
3.00
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-39784000 USD
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-21800000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31187000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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0.35
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172808000 USD
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214585000 USD
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3000000 USD
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4200000 USD
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6200000 USD
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296700000 USD
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P2Y0M29D
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237736000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
420145000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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1463316000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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196469000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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172547000 USD
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176740000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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184602000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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191298000 USD
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6838000 USD
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85440000 USD
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2805117000 USD
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147527000 USD
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FiniteLivedIntangibleAssetsNet
224565000 USD
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FiniteLivedIntangibleAssetsNet
719231000 USD
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2384972000 USD
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63700000 USD
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0 USD
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32816000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
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0 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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32816000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
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-289000 USD
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-12276000 USD
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-65800000 USD
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493284000 USD
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GeneralAndAdministrativeExpense
694561000 USD
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GeneralAndAdministrativeExpense
745906000 USD
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1063200000 USD
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Goodwill
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Goodwill
4411762000 USD
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1605000 USD
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-343143000 USD
CY2017 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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166443000 USD
CY2016Q1 us-gaap Gross Profit
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416476000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
443543000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
454374000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
476726000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
480564000 USD
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GrossProfit
544218000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
569901000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
580596000 USD
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ImpairmentOfIntangibleAssetsFinitelived
357000 USD
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ImpairmentOfIntangibleAssetsFinitelived
573000 USD
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
725000 USD
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2016 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2017 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2015 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2016Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7700000 USD
CY2016 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7698000 USD
CY2017 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2015 us-gaap Income Loss From Continuing Operations
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187774000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
114408000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
232982000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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123153000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
215010000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
148500000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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210998000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
159859000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
286832000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
87845000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-55151000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
138332000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.25
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.63
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.03
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.21
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.62
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.00
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
12392000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23224000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45451000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53850000 USD
CY2016Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
102002000 USD
CY2017Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
110961000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4916000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6246000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
7643000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
6513000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-30387000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-22016000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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55951000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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100391000 USD
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14252000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
15828000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
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3922000 USD
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5890000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
616000 USD
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3551000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
173000 USD
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4115000 USD
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CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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3191000 USD
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9371000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
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66000 USD
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39320000 USD
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72641000 USD
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109125000 USD
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29020000 USD
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405494000 USD
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143000 USD
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42325000 USD
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1378725000 USD
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28118000 USD
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95083000 USD
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0 shares
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0 shares
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0 shares
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79258000 USD
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89784000 USD
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0 USD
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2481421000 USD
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1197108000 USD
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1168304000 USD
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1100000000 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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3628701000 USD
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30040000 USD
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34179000 USD
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41696000 USD
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0 USD
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-51000 USD
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873139000 USD
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4712000 USD
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6303 shares
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28271000 USD
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570000 USD
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CY2017 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Financial Instruments and Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, short-term investments, long-term investments and accounts receivable. Risks associated with cash and cash equivalents, short-term investments and long-term investments are mitigated by the Company&#8217;s investment policy, which limits the Company&#8217;s investing to only those marketable securities rated at least A-1/P-1 Short Term Rating and A-/A3 Long Term Rating, as determined by independent credit rating agencies.</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A significant portion of the Company&#8217;s customer base is comprised of businesses throughout the Americas. However, a portion of the Company&#8217;s revenues are derived from the Company&#8217;s EMEA and Asia-Pacific operations. The following table sets forth percentages of the Company&#8217;s revenues by geographic region for the years ended December 31:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:59%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Americas</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EMEA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asia-Pacific</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No single customer accounted for greater than </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of accounts receivable or revenues as of or for the years ended December&#160;31, </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States ("U.S.") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to the allowance for doubtful accounts, fair values of financial instruments, intangible assets and goodwill, useful lives of intangible assets and property, plant and equipment, assets acquired and liabilities assumed from acquisitions, asset retirement obligations and income taxes. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable.</font></div></div>

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