2017 Q3 Form 10-Q Financial Statement

#000003321317000012 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $597.7M $556.7M
YoY Change 7.36% -4.67%
Cost Of Revenue $136.2M $115.9M
YoY Change 17.53% 10.91%
Gross Profit $461.5M $440.8M
YoY Change 4.7% -8.07%
Gross Profit Margin 77.21% 79.18%
Selling, General & Admin $66.26M $61.43M
YoY Change 7.87% 1.31%
% of Gross Profit 14.36% 13.94%
Research & Development $2.400M $2.700M
YoY Change -11.11% -67.07%
% of Gross Profit 0.52% 0.61%
Depreciation & Amortization $246.6M $237.1M
YoY Change 4.0% 13.86%
% of Gross Profit 53.43% 53.79%
Operating Expenses $66.26M $61.43M
YoY Change 7.87% 1.31%
Operating Profit -$6.380M $108.5M
YoY Change -105.88% -36.22%
Interest Expense $50.38M $35.98M
YoY Change 40.0% -1.54%
% of Operating Profit 33.18%
Other Income/Expense, Net $500.0K $10.70M
YoY Change -95.33% 296.3%
Pretax Income $94.18M $83.19M
YoY Change 13.21% -38.91%
Income Tax -$11.28M $13.08M
% Of Pretax Income -11.98% 15.73%
Net Earnings $23.34M -$8.016M
YoY Change -391.17% -119.65%
Net Earnings / Revenue 3.9% -1.44%
Basic Earnings Per Share $0.13 -$0.05
Diluted Earnings Per Share $0.13 -$0.05
COMMON SHARES
Basic Shares Outstanding 173.5M shares 172.9M shares
Diluted Shares Outstanding 173.7M shares 172.9M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $484.0M $1.757B
YoY Change -72.45% 5.65%
Cash & Equivalents $483.6M $1.757B
Short-Term Investments $0.00
Other Short-Term Assets $96.00M $200.0M
YoY Change -52.0% -55.85%
Inventory
Prepaid Expenses
Receivables $279.2M $189.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $858.5M $2.146B
YoY Change -60.0% -5.16%
LONG-TERM ASSETS
Property, Plant & Equipment $14.54B $12.41B
YoY Change 17.19% 10.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $340.0M $160.3M
YoY Change 112.05%
Other Assets $245.0M $175.8M
YoY Change 39.33% -14.28%
Total Long-Term Assets $15.13B $12.74B
YoY Change 18.69% 11.04%
TOTAL ASSETS
Total Short-Term Assets $858.5M $2.146B
Total Long-Term Assets $15.13B $12.74B
Total Assets $15.98B $14.89B
YoY Change 7.35% 8.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $388.1M $264.8M
YoY Change 46.56% -0.24%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $91.00M
YoY Change -100.0% -74.0%
Long-Term Debt Due $707.5M
YoY Change
Total Short-Term Liabilities $1.435B $618.6M
YoY Change 132.01% -37.58%
LONG-TERM LIABILITIES
Long-Term Debt $2.586B $2.797B
YoY Change -7.53% -0.76%
Other Long-Term Liabilities $567.5M $382.4M
YoY Change 48.39% 26.23%
Total Long-Term Liabilities $3.154B $3.179B
YoY Change -0.81% 1.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.435B $618.6M
Total Long-Term Liabilities $3.154B $3.179B
Total Liabilities $6.560B $5.616B
YoY Change 16.81% -6.21%
SHAREHOLDERS EQUITY
Retained Earnings $2.722B $2.706B
YoY Change 0.58% -13.3%
Common Stock $3.419B
YoY Change 43.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $81.73M $92.28M
YoY Change -11.43% -77.59%
Treasury Stock Shares 4.553M shares 5.139M shares
Shareholders Equity $6.088B $6.046B
YoY Change
Total Liabilities & Shareholders Equity $15.98B $14.89B
YoY Change 7.35% 8.37%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $23.34M -$8.016M
YoY Change -391.17% -119.65%
Depreciation, Depletion And Amortization $246.6M $237.1M
YoY Change 4.0% 13.86%
Cash From Operating Activities $402.4M $274.3M
YoY Change 46.7% 12.33%
INVESTING ACTIVITIES
Capital Expenditures -$480.1M -$784.0M
YoY Change -38.76% 35.57%
Acquisitions
YoY Change
Other Investing Activities -$43.50M -$25.70M
YoY Change 69.26% -14.05%
Cash From Investing Activities -$523.7M -$809.5M
YoY Change -35.31% 33.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 32.50M 35.70M
YoY Change -8.96% -47.96%
NET CHANGE
Cash From Operating Activities 402.4M 274.3M
Cash From Investing Activities -523.7M -809.5M
Cash From Financing Activities 32.50M 35.70M
Net Change In Cash -88.80M -499.5M
YoY Change -82.22% 69.04%
FREE CASH FLOW
Cash From Operating Activities $402.4M $274.3M
Capital Expenditures -$480.1M -$784.0M
Free Cash Flow $882.5M $1.058B
YoY Change -16.61% 28.67%

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