2018 Q2 Form 10-Q Financial Statement

#000003321318000011 Filed on July 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $950.6M $631.1M
YoY Change 50.63% 394.86%
Cost Of Revenue $428.1M $134.8M
YoY Change 217.52% 14.93%
Gross Profit $522.6M $496.3M
YoY Change 5.3% 4765.52%
Gross Profit Margin 54.97% 78.64%
Selling, General & Admin $62.96M $52.67M
YoY Change 19.53% -31.91%
% of Gross Profit 12.05% 10.61%
Research & Development $1.700M $3.500M
YoY Change -51.43% -2.78%
% of Gross Profit 0.33% 0.71%
Depreciation & Amortization $371.7M $240.8M
YoY Change 54.35% 7.21%
% of Gross Profit 71.13% 48.52%
Operating Expenses $62.96M $52.67M
YoY Change 19.53% -31.91%
Operating Profit -$114.7M $47.76M
YoY Change -340.04% -114.72%
Interest Expense $57.12M $44.08M
YoY Change 29.59% 21.41%
% of Operating Profit 92.28%
Other Income/Expense, Net $1.200M
YoY Change -84.21%
Pretax Income -$171.9M $152.4M
YoY Change -212.83% -143.14%
Income Tax -$94.92M $29.71M
% Of Pretax Income 19.5%
Net Earnings $17.81M $41.13M
YoY Change -56.7% -115.9%
Net Earnings / Revenue 1.87% 6.52%
Basic Earnings Per Share $0.07 $0.24
Diluted Earnings Per Share $0.07 $0.24
COMMON SHARES
Basic Shares Outstanding 265.0M shares 173.5M shares
Diluted Shares Outstanding 265.2M shares 173.6M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $698.0M $572.0M
YoY Change 22.03% -74.66%
Cash & Equivalents $698.0M $572.3M
Short-Term Investments $0.00
Other Short-Term Assets $308.0M $113.0M
YoY Change 172.57% -39.57%
Inventory
Prepaid Expenses
Receivables $774.7M $311.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.781B $996.9M
YoY Change 78.64% -61.86%
LONG-TERM ASSETS
Property, Plant & Equipment $23.16B $14.26B
YoY Change 62.48% 20.4%
Goodwill $1.999B
YoY Change
Intangibles $694.9M
YoY Change
Long-Term Investments $1.003B $260.7M
YoY Change 284.79% 91.79%
Other Assets $320.8M $209.2M
YoY Change 53.39% 9.33%
Total Long-Term Assets $27.18B $14.73B
YoY Change 84.57% 21.02%
TOTAL ASSETS
Total Short-Term Assets $1.781B $996.9M
Total Long-Term Assets $27.18B $14.73B
Total Assets $28.96B $15.72B
YoY Change 84.2% 6.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $754.1M $368.4M
YoY Change 104.69% 46.4%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $699.3M $707.2M
YoY Change -1.11%
Total Short-Term Liabilities $2.356B $1.356B
YoY Change 73.8% 157.12%
LONG-TERM LIABILITIES
Long-Term Debt $7.334B $2.585B
YoY Change 183.7% -7.53%
Other Long-Term Liabilities $746.4M $529.4M
YoY Change 40.99% 33.92%
Total Long-Term Liabilities $8.080B $3.114B
YoY Change 159.44% -2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.356B $1.356B
Total Long-Term Liabilities $8.080B $3.114B
Total Liabilities $12.26B $6.346B
YoY Change 93.19% 14.85%
SHAREHOLDERS EQUITY
Retained Earnings $2.417B $2.704B
YoY Change -10.61% -0.58%
Common Stock $3.441B
YoY Change 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.77M $82.00M
YoY Change -38.09% -11.33%
Treasury Stock Shares 2.840M shares 4.569M shares
Shareholders Equity $11.68B $6.062B
YoY Change
Total Liabilities & Shareholders Equity $28.96B $15.72B
YoY Change 84.2% 6.36%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $17.81M $41.13M
YoY Change -56.7% -115.9%
Depreciation, Depletion And Amortization $371.7M $240.8M
YoY Change 54.35% 7.21%
Cash From Operating Activities $636.7M $294.2M
YoY Change 116.42% 41.1%
INVESTING ACTIVITIES
Capital Expenditures -$751.8M -$510.8M
YoY Change 47.18% 20.5%
Acquisitions
YoY Change
Other Investing Activities -$161.1M -$115.2M
YoY Change 39.84% 193.88%
Cash From Investing Activities -$912.8M -$625.9M
YoY Change 45.84% 35.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 763.7M -70.20M
YoY Change -1187.89% -107.35%
NET CHANGE
Cash From Operating Activities 636.7M 294.2M
Cash From Investing Activities -912.8M -625.9M
Cash From Financing Activities 763.7M -70.20M
Net Change In Cash 487.6M -401.9M
YoY Change -221.32% -157.37%
FREE CASH FLOW
Cash From Operating Activities $636.7M $294.2M
Capital Expenditures -$751.8M -$510.8M
Free Cash Flow $1.389B $805.0M
YoY Change 72.48% 27.29%

Facts In Submission

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