2017 Q2 Form 10-Q Financial Statement

#000003321317000009 Filed on July 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4 2016 Q2
Revenue $631.1M $379.0M $127.5M
YoY Change 394.86% -36.97% -70.99%
Cost Of Revenue $134.8M $717.1M $117.3M
YoY Change 14.93% 518.19% 16.37%
Gross Profit $496.3M -$559.4M $10.20M
YoY Change 4765.52% -210.82% -96.99%
Gross Profit Margin 78.64% -147.59% 8.0%
Selling, General & Admin $52.67M $22.30M $77.35M
YoY Change -31.91% -60.53% 18.27%
% of Gross Profit 10.61% 758.35%
Research & Development $3.500M -$4.700M $3.600M
YoY Change -2.78% -115.77% -68.42%
% of Gross Profit 0.71% 35.29%
Depreciation & Amortization $240.8M $245.0M $224.6M
YoY Change 7.21% 11.67% 14.13%
% of Gross Profit 48.52% 2202.25%
Operating Expenses $52.67M $99.10M $77.35M
YoY Change -31.91% -70.59% 18.27%
Operating Profit $47.76M -$189.5M -$324.5M
YoY Change -114.72% -518.33% -1082.3%
Interest Expense $44.08M -$22.70M $36.31M
YoY Change 21.41% -36.77% -1.43%
% of Operating Profit 92.28%
Other Income/Expense, Net $1.200M -$31.30M $7.600M
YoY Change -84.21% -945.95% 181.48%
Pretax Income $152.4M -$720.2M -$353.2M
YoY Change -143.14% -5640.0% 31715.59%
Income Tax $29.71M -$210.9M -$172.3M
% Of Pretax Income 19.5%
Net Earnings $41.13M -$192.0M -$258.6M
YoY Change -115.9% 42.64% -4772.06%
Net Earnings / Revenue 6.52% -50.65% -202.81%
Basic Earnings Per Share $0.24 -$1.11 -$1.55
Diluted Earnings Per Share $0.24 -$1.11 -$1.55
COMMON SHARES
Basic Shares Outstanding 173.5M shares 166.8M shares
Diluted Shares Outstanding 173.6M shares 166.8M shares

Balance Sheet

Concept 2017 Q2 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $572.0M $1.390B $2.257B
YoY Change -74.66% -13.18% 15.27%
Cash & Equivalents $572.3M $1.104B $2.257B
Short-Term Investments $0.00 $286.0M
Other Short-Term Assets $113.0M $97.00M $187.0M
YoY Change -39.57% -79.45% -51.05%
Inventory
Prepaid Expenses
Receivables $311.0M $341.6M $170.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $996.9M $1.828B $2.614B
YoY Change -61.86% -18.78% 4.96%
LONG-TERM ASSETS
Property, Plant & Equipment $14.26B $13.16B $11.84B
YoY Change 20.4% 14.73% 8.62%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $260.7M $184.6M $135.9M
YoY Change 91.79% 139.61% 192.5%
Other Assets $209.2M $222.9M $191.3M
YoY Change 9.33% 26.58% 43.75%
Total Long-Term Assets $14.73B $13.64B $12.17B
YoY Change 21.02% 16.37% 9.81%
TOTAL ASSETS
Total Short-Term Assets $996.9M $1.828B $2.614B
Total Long-Term Assets $14.73B $13.64B $12.17B
Total Assets $15.72B $15.47B $14.78B
YoY Change 6.36% 10.71% 8.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $368.4M $310.0M $251.7M
YoY Change 46.4% 6.32% -12.41%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $707.2M $0.00
YoY Change
Total Short-Term Liabilities $1.356B $804.6M $527.3M
YoY Change 157.12% 1.11% -48.87%
LONG-TERM LIABILITIES
Long-Term Debt $2.585B $3.289B $2.796B
YoY Change -7.53% 17.76% -0.8%
Other Long-Term Liabilities $529.4M $499.6M $395.3M
YoY Change 33.92% 29.16% 43.19%
Total Long-Term Liabilities $3.114B $3.789B $3.191B
YoY Change -2.4% 19.15% 3.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.356B $804.6M $527.3M
Total Long-Term Liabilities $3.114B $3.789B $3.191B
Total Liabilities $6.346B $6.354B $5.526B
YoY Change 14.85% 6.82% -6.77%
SHAREHOLDERS EQUITY
Retained Earnings $2.704B $2.509B $2.719B
YoY Change -0.58% -15.87% -11.85%
Common Stock $3.441B $3.440B $3.403B
YoY Change 1.11% 59.76% 44.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $82.00M $91.02M $92.48M
YoY Change -11.33% -12.55% -77.67%
Treasury Stock Shares 4.569M shares 5.069M shares 5.150M shares
Shareholders Equity $6.062B $5.860B $6.058B
YoY Change
Total Liabilities & Shareholders Equity $15.72B $15.47B $14.78B
YoY Change 6.36% 10.71% 8.92%

Cashflow Statement

Concept 2017 Q2 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income $41.13M -$192.0M -$258.6M
YoY Change -115.9% 42.64% -4772.06%
Depreciation, Depletion And Amortization $240.8M $245.0M $224.6M
YoY Change 7.21% 11.67% 14.13%
Cash From Operating Activities $294.2M $296.6M $208.5M
YoY Change 41.1% -6.35% 2.76%
INVESTING ACTIVITIES
Capital Expenditures -$510.8M -$400.2M -$423.9M
YoY Change 20.5% -27.47% -38.86%
Acquisitions
YoY Change
Other Investing Activities -$115.2M -$816.8M -$39.20M
YoY Change 193.88% -62930.77% -572.29%
Cash From Investing Activities -$625.9M -$1.217B -$463.2M
YoY Change 35.13% 121.13% -32.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.20M 341.6M 955.2M
YoY Change -107.35% 98.26% 45.45%
NET CHANGE
Cash From Operating Activities 294.2M 296.6M 208.5M
Cash From Investing Activities -625.9M -1.217B -463.2M
Cash From Financing Activities -70.20M 341.6M 955.2M
Net Change In Cash -401.9M -578.9M 700.5M
YoY Change -157.37% 842.83% 301.2%
FREE CASH FLOW
Cash From Operating Activities $294.2M $296.6M $208.5M
Capital Expenditures -$510.8M -$400.2M -$423.9M
Free Cash Flow $805.0M $696.8M $632.4M
YoY Change 27.29% -19.77% -29.44%

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0 USD
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0.06
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320000000 shares
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us-gaap Costs And Expenses
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CY2017Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
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us-gaap Repayments Of Lines Of Credit
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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