2018 Q1 Form 10-Q Financial Statement

#000003321318000006 Filed on April 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.312B $828.7M
YoY Change 58.33% 52.03%
Cost Of Revenue $416.7M $179.5M
YoY Change 132.12% 72.43%
Gross Profit $895.4M $718.0M
YoY Change 24.7% 62.81%
Gross Profit Margin 68.24% 86.65%
Selling, General & Admin $39.82M $71.96M
YoY Change -44.67% 24.1%
% of Gross Profit 4.45% 10.02%
Research & Development $1.200M $3.100M
YoY Change -61.29% 0.0%
% of Gross Profit 0.13% 0.43%
Depreciation & Amortization $392.7M $231.9M
YoY Change 69.32% 4.83%
% of Gross Profit 43.86% 32.3%
Operating Expenses $39.82M $71.96M
YoY Change -44.67% 24.1%
Operating Profit -$1.950B $243.6M
YoY Change -900.72% 91.49%
Interest Expense $57.91M $42.66M
YoY Change 35.77% 17.9%
% of Operating Profit 17.51%
Other Income/Expense, Net -$900.0K
YoY Change -118.75%
Pretax Income -$2.008B $351.4M
YoY Change -671.58% 266.54%
Income Tax -$429.8M $100.7M
% Of Pretax Income 28.65%
Net Earnings -$1.586B $164.0M
YoY Change -1067.12% 2809.72%
Net Earnings / Revenue -120.88% 19.79%
Basic Earnings Per Share -$5.99 $0.95
Diluted Earnings Per Share -$5.99 $0.95
COMMON SHARES
Basic Shares Outstanding 264.9M shares 173.2M shares
Diluted Shares Outstanding 264.9M shares 173.5M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.0M $899.0M
YoY Change -76.64% -42.22%
Cash & Equivalents $210.4M $899.4M
Short-Term Investments $0.00
Other Short-Term Assets $307.0M $73.00M
YoY Change 320.55% -83.81%
Inventory
Prepaid Expenses
Receivables $674.1M $279.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.192B $1.252B
YoY Change -4.82% -41.94%
LONG-TERM ASSETS
Property, Plant & Equipment $22.88B $13.95B
YoY Change 63.98% 20.0%
Goodwill $1.999B
YoY Change
Intangibles $715.6M
YoY Change
Long-Term Investments $546.4M $237.3M
YoY Change 130.26% 157.94%
Other Assets $304.1M $207.2M
YoY Change 46.78% -22.64%
Total Long-Term Assets $26.44B $14.39B
YoY Change 83.68% 21.03%
TOTAL ASSETS
Total Short-Term Assets $1.192B $1.252B
Total Long-Term Assets $26.44B $14.39B
Total Assets $27.63B $15.65B
YoY Change 76.6% 11.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $699.5M $318.1M
YoY Change 119.88% 42.47%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $207.9M
YoY Change -100.0%
Total Short-Term Liabilities $1.109B $894.7M
YoY Change 23.91% 112.35%
LONG-TERM LIABILITIES
Long-Term Debt $5.565B $3.083B
YoY Change 80.5% 10.32%
Other Long-Term Liabilities $771.9M $516.6M
YoY Change 49.44% 35.74%
Total Long-Term Liabilities $6.337B $3.599B
YoY Change 76.05% 13.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.109B $894.7M
Total Long-Term Liabilities $6.337B $3.599B
Total Liabilities $10.77B $6.336B
YoY Change 69.96% 13.79%
SHAREHOLDERS EQUITY
Retained Earnings $2.407B $2.668B
YoY Change -9.78% -10.57%
Common Stock $3.432B
YoY Change 33.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $51.30M $82.19M
YoY Change -37.58% -12.45%
Treasury Stock Shares 2.871M shares 4.580M shares
Shareholders Equity $11.72B $6.019B
YoY Change
Total Liabilities & Shareholders Equity $27.63B $15.65B
YoY Change 76.6% 11.37%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$1.586B $164.0M
YoY Change -1067.12% 2809.72%
Depreciation, Depletion And Amortization $392.7M $231.9M
YoY Change 69.32% 4.83%
Cash From Operating Activities $904.4M $514.8M
YoY Change 75.68% 80.69%
INVESTING ACTIVITIES
Capital Expenditures $558.7M $311.4M
YoY Change 79.43% -21.72%
Acquisitions
YoY Change
Other Investing Activities $3.090M $339.0M
YoY Change -99.09% 30718.18%
Cash From Investing Activities -$849.4M -$716.9M
YoY Change 18.49% 80.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.000K $7.000K
YoY Change 28.57% -100.0%
Debt Paid & Issued, Net $7.999M $0.00
YoY Change
Cash From Financing Activities $8.091M -$77.10M
YoY Change -110.49% -215.03%
NET CHANGE
Cash From Operating Activities $904.4M $514.8M
Cash From Investing Activities -$849.4M -$716.9M
Cash From Financing Activities $8.091M -$77.10M
Net Change In Cash $63.07M -$279.2M
YoY Change -122.59% 523.9%
FREE CASH FLOW
Cash From Operating Activities $904.4M $514.8M
Capital Expenditures $558.7M $311.4M
Free Cash Flow $345.7M $203.4M
YoY Change 69.93% -280.22%

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