2016 Q2 Form 10-Q Financial Statement

#000003321316000026 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $127.5M $439.6M
YoY Change -70.99% -16.45%
Cost Of Revenue $117.3M $100.8M
YoY Change 16.37% 20.57%
Gross Profit $10.20M $338.8M
YoY Change -96.99% -23.45%
Gross Profit Margin 8.0% 77.07%
Selling, General & Admin $77.35M $65.40M
YoY Change 18.27% 3.35%
% of Gross Profit 758.35% 19.3%
Research & Development $3.600M $11.40M
YoY Change -68.42% 52.0%
% of Gross Profit 35.29% 3.36%
Depreciation & Amortization $224.6M $196.8M
YoY Change 14.13% 25.19%
% of Gross Profit 2202.25% 58.09%
Operating Expenses $77.35M $65.40M
YoY Change 18.27% 3.35%
Operating Profit -$324.5M $33.03M
YoY Change -1082.3% -85.3%
Interest Expense $36.31M $36.83M
YoY Change -1.43% 15.56%
% of Operating Profit 111.5%
Other Income/Expense, Net $7.600M $2.700M
YoY Change 181.48% 3.85%
Pretax Income -$353.2M -$1.110M
YoY Change 31715.59% -100.57%
Income Tax -$172.3M -$64.86M
% Of Pretax Income
Net Earnings -$258.6M $5.536M
YoY Change -4772.06% -95.01%
Net Earnings / Revenue -202.81% 1.26%
Basic Earnings Per Share -$1.55 $0.04
Diluted Earnings Per Share -$1.55 $0.04
COMMON SHARES
Basic Shares Outstanding 166.8M shares 152.5M shares
Diluted Shares Outstanding 166.8M shares 152.9M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.257B $1.958B
YoY Change 15.27% 53.69%
Cash & Equivalents $2.257B $1.958B
Short-Term Investments
Other Short-Term Assets $187.0M $382.0M
YoY Change -51.05% -13.38%
Inventory
Prepaid Expenses
Receivables $170.3M $150.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.614B $2.490B
YoY Change 4.96% 26.79%
LONG-TERM ASSETS
Property, Plant & Equipment $11.84B $10.90B
YoY Change 8.62% 16.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $135.9M $46.48M
YoY Change 192.5%
Other Assets $191.3M $133.1M
YoY Change 43.75% 79.3%
Total Long-Term Assets $12.17B $11.08B
YoY Change 9.81% 17.62%
TOTAL ASSETS
Total Short-Term Assets $2.614B $2.490B
Total Long-Term Assets $12.17B $11.08B
Total Assets $14.78B $13.57B
YoY Change 8.92% 19.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $251.7M $287.3M
YoY Change -12.41% -24.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $312.0M
YoY Change -100.0% -5.45%
Long-Term Debt Due $160.0M
YoY Change 1343.26%
Total Short-Term Liabilities $527.3M $1.031B
YoY Change -48.87% 8.68%
LONG-TERM LIABILITIES
Long-Term Debt $2.796B $2.818B
YoY Change -0.8% 13.34%
Other Long-Term Liabilities $395.3M $276.1M
YoY Change 43.19% 3.79%
Total Long-Term Liabilities $3.191B $3.094B
YoY Change 3.12% 12.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $527.3M $1.031B
Total Long-Term Liabilities $3.191B $3.094B
Total Liabilities $5.526B $5.927B
YoY Change -6.77% 10.66%
SHAREHOLDERS EQUITY
Retained Earnings $2.719B $3.085B
YoY Change -11.85% 8.54%
Common Stock $3.403B $2.352B
YoY Change 44.7% 26.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $92.48M $414.2M
YoY Change -77.67% -3.94%
Treasury Stock Shares 5.150M shares 22.94M shares
Shareholders Equity $6.058B $5.139B
YoY Change
Total Liabilities & Shareholders Equity $14.78B $13.57B
YoY Change 8.92% 19.2%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$258.6M $5.536M
YoY Change -4772.06% -95.01%
Depreciation, Depletion And Amortization $224.6M $196.8M
YoY Change 14.13% 25.19%
Cash From Operating Activities $208.5M $202.9M
YoY Change 2.76% -29.91%
INVESTING ACTIVITIES
Capital Expenditures -$423.9M -$693.3M
YoY Change -38.86% 3.2%
Acquisitions
YoY Change
Other Investing Activities -$39.20M $8.300M
YoY Change -572.29% -102.48%
Cash From Investing Activities -$463.2M -$685.0M
YoY Change -32.38% -31.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 955.2M 656.7M
YoY Change 45.45% -39.31%
NET CHANGE
Cash From Operating Activities 208.5M 202.9M
Cash From Investing Activities -463.2M -685.0M
Cash From Financing Activities 955.2M 656.7M
Net Change In Cash 700.5M 174.6M
YoY Change 301.2% -52.09%
FREE CASH FLOW
Cash From Operating Activities $208.5M $202.9M
Capital Expenditures -$423.9M -$693.3M
Free Cash Flow $632.4M $896.2M
YoY Change -29.44% -6.77%

Facts In Submission

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DerivativeFairValueOfDerivativeLiability
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1807522000 USD
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CommonStockSharesAuthorized
320000000 shares
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9003000 USD
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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161909000 shares

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