2015 Q4 Form 10-K Financial Statement

#000007274117000007 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $1.691B $1.933B $1.817B
YoY Change -10.1% 2.15% 8.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $170.5M $151.0M $163.7M
YoY Change 7.57% -1.44% 7.53%
% of Gross Profit
Operating Expenses $1.306B $1.464B $1.405B
YoY Change -10.0% 0.85% 1.55%
Operating Profit $385.5M $469.2M $412.0M
YoY Change -10.39% 6.42% 40.14%
Interest Expense -$92.80M $92.53M $92.26M
YoY Change 3.23% 3.12% -0.26%
% of Operating Profit -24.07% 19.72% 22.39%
Other Income/Expense, Net $10.40M $5.200M $12.90M
YoY Change 85.71% -56.16% 133.42%
Pretax Income $303.0M $381.9M $332.7M
YoY Change -12.4% 5.21% 60.69%
Income Tax $119.3M $144.1M $123.3M
% Of Pretax Income 39.37% 37.74% 37.06%
Net Earnings $183.7M $237.8M $209.4M
YoY Change -17.84% 0.55% 62.07%
Net Earnings / Revenue 10.86% 12.3% 11.52%
Basic Earnings Per Share $0.57 $0.74 $0.65
Diluted Earnings Per Share $0.57 $0.74 $0.65
COMMON SHARES
Basic Shares Outstanding 317.5M shares 317.6M shares
Diluted Shares Outstanding 318.4M shares 318.6M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.00M $155.0M $161.0M
YoY Change -38.46% -0.64% 7.33%
Cash & Equivalents $68.00M $36.00M $36.00M
Short-Term Investments $120.0M $125.0M
Other Short-Term Assets $129.0M $970.0M $62.88M
YoY Change -88.38% 27.3% -92.41%
Inventory $336.0M $302.0M $290.0M
Prepaid Expenses
Receivables $775.5M $928.0M $903.6M
Other Receivables $306.0M $12.00M $117.0M
Total Short-Term Assets $2.619B $2.368B $2.450B
YoY Change -2.72% 12.65% 18.47%
LONG-TERM ASSETS
Property, Plant & Equipment $19.89B $19.41B $19.08B
YoY Change 6.68% 6.31% 6.12%
Goodwill $3.519B $3.519B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $48.00M $477.0M $498.0M
YoY Change -90.68% -7.92% -3.11%
Other Assets $295.2M $4.276B $316.8M
YoY Change -5.48% 19.14% -91.46%
Total Long-Term Assets $8.069B $27.68B $8.351B
YoY Change -3.95% 6.95% -67.53%
TOTAL ASSETS
Total Short-Term Assets $2.619B $2.368B $2.450B
Total Long-Term Assets $8.069B $27.68B $8.351B
Total Assets $30.58B $30.05B $29.88B
YoY Change 2.82% 7.38% 7.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $813.6M $769.0M $599.0M
YoY Change -6.29% 26.27% 6.58%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.161B $1.016B $954.0M
YoY Change 21.32% -2.96% 5.41%
Long-Term Debt Due $228.9M $229.0M $278.9M
YoY Change -6.8% -6.91% -29.58%
Total Short-Term Liabilities $2.990B $2.972B $2.839B
YoY Change -4.61% 1.43% 1.28%
LONG-TERM LIABILITIES
Long-Term Debt $8.806B $8.757B $8.690B
YoY Change 2.32% 7.22% 6.66%
Other Long-Term Liabilities $871.5M $3.254B $876.0M
YoY Change -0.33% 26.03% -67.08%
Total Long-Term Liabilities $8.277B $12.01B $8.011B
YoY Change 4.71% 11.74% -25.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.990B $2.972B $2.839B
Total Long-Term Liabilities $8.277B $12.01B $8.011B
Total Liabilities $11.27B $19.60B $19.54B
YoY Change 2.06% 9.26% 9.27%
SHAREHOLDERS EQUITY
Retained Earnings $2.797B $2.644B
YoY Change 14.24%
Common Stock $1.669B $1.669B
YoY Change 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $310.0M -$310.0M
YoY Change -203.17%
Treasury Stock Shares 16.67M shares 16.67M shares 16.67M shares
Shareholders Equity $10.35B $10.45B $10.19B
YoY Change
Total Liabilities & Shareholders Equity $30.58B $30.05B $29.88B
YoY Change 2.69% 7.38% 7.52%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $183.7M $237.8M $209.4M
YoY Change -17.84% 0.55% 62.07%
Depreciation, Depletion And Amortization $170.5M $151.0M $163.7M
YoY Change 7.57% -1.44% 7.53%
Cash From Operating Activities $92.20M $476.3M $373.8M
YoY Change -62.82% -6.11% -7.22%
INVESTING ACTIVITIES
Capital Expenditures -$546.8M -$436.9M -$377.8M
YoY Change 12.46% 11.03% 0.67%
Acquisitions
YoY Change
Other Investing Activities $46.20M -$5.800M $26.50M
YoY Change 162.5% -30.12% 419.61%
Cash From Investing Activities -$500.7M -$442.7M -$351.3M
YoY Change 6.85% 10.18% -5.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 396.6M -34.30M -57.00M
YoY Change 82.18% -65.0% -34.93%
NET CHANGE
Cash From Operating Activities 92.20M 476.3M 373.8M
Cash From Investing Activities -500.7M -442.7M -351.3M
Cash From Financing Activities 396.6M -34.30M -57.00M
Net Change In Cash -11.90M -700.0K -34.50M
YoY Change 310.34% -109.33% -37.16%
FREE CASH FLOW
Cash From Operating Activities $92.20M $476.3M $373.8M
Capital Expenditures -$546.8M -$436.9M -$377.8M
Free Cash Flow $639.0M $913.2M $751.6M
YoY Change -12.97% 1.38% -3.42%

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30580300000 USD
CY2015Q4 us-gaap Assets
Assets
30580309000 USD
CY2016Q4 us-gaap Assets
Assets
32053200000 USD
CY2016Q4 us-gaap Assets
Assets
32053173000 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
2618786000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
2477672000 USD
CY2015Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
8069082000 USD
CY2016Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
8224991000 USD
CY2016Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
296200000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
59700000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
58300000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
45400000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
45800000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
130600000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
130800000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
60500000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
60300000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
295200000 USD
CY2014 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
181900000 USD
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
216600000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
301500000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
11800000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
2300000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
1700000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
2200000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
2200000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
1100000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
2900000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
8900000 USD
CY2015Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
19313357000 USD
CY2016Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
19696656000 USD
CY2013Q4 us-gaap Cash
Cash
43364000 USD
CY2014Q4 us-gaap Cash
Cash
38703000 USD
CY2015Q4 us-gaap Cash
Cash
23947000 USD
CY2016Q4 us-gaap Cash
Cash
30251000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4661000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14756000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6304000 USD
CY2016 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-3400000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
53000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24500000 USD
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.67
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
45700000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.57
CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.78
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
333862615 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
333878402 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
1669313000 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
1669392000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
791568000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
885650000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
943864000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7519000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7519000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7519000 USD
CY2014 us-gaap Cost Of Purchased Power
CostOfPurchasedPower
3021550000 USD
CY2015 us-gaap Cost Of Purchased Power
CostOfPurchasedPower
3086905000 USD
CY2016 us-gaap Cost Of Purchased Power
CostOfPurchasedPower
2500828000 USD
CY2015Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
202647000 USD
CY2016Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
168490000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4400000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6200000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
38900000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
28900000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
51900000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
91900000 USD
CY2014Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
57500000 USD
CY2015Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
55200000 USD
CY2016Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
54200000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
406800000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
436100000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
427900000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
443300000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
443259000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
491700000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
491736000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
466463000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
466500000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
36500000 USD
CY2014 us-gaap Depreciation
Depreciation
614657000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
55600000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
38600000 USD
CY2015Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
172700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
192600000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1445700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1495200000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1442000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1490100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5400000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
197100000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
170500000 USD
CY2015Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
243500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
290900000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
637500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
640600000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
60500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
76600000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5100000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6589700000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7097300000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5147678000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
5607207000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
159400000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
223600000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4602600000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5001200000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
29700000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
30400000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
31800000 USD
CY2015 us-gaap Depreciation
Depreciation
665856000 USD
CY2016 us-gaap Depreciation
Depreciation
715466000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
625400000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
688200000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
787100000 USD
CY2015Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
337102000 USD
CY2016Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
413676000 USD
CY2015Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
5800000 USD
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
496524000 USD
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
529791000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
564486000 USD
CY2014 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7519000 USD
CY2015 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7519000 USD
CY2016 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7519000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.59
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.77
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.97
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.58
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.76
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.96
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.362
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.379
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.369
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
1300000 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13900000 USD
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M4D
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10300000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9400000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9600000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
500000 USD
CY2015Q4 us-gaap Energy Related Inventory
EnergyRelatedInventory
336476000 USD
CY2016Q4 us-gaap Energy Related Inventory
EnergyRelatedInventory
328721000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
48000000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
236900000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
9500000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
9500000 USD
CY2014 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
148200000 USD
CY2015 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
147200000 USD
CY2016 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
162700000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-15797000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
3500000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
3519401000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
3500000000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
3519401000 USD
CY2016Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0 USD
CY2016 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1295362000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1425971000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1504800000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1504818000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
468300000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
468297000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
539967000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
540000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
555000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
554997000 USD
CY2014 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
8000000 USD
CY2015 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
8100000 USD
CY2016 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
8400000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2900000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4700000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3300000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
453400000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
499100000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
526700000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-5600000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-4600000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-3400000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3700000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4800000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6600000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
42500000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
61100000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
56200000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
3900000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
3600000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
3400000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
3500000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
3800000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
3500000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
334200000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10300000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-135500000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
305359000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
80471000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
144743000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-91618000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14126000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-300000000 USD
CY2014 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
323224000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-30282000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-234543000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41310000 USD
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12100000 USD
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12100000 USD
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7500000 USD
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207500000 USD
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30330000 USD
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7519000 USD
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7519000 USD
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18800000 USD
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26200000 USD
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5800000 USD
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7200000 USD
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10800000 USD
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0.039
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6722400000 USD
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1062500000 USD
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1012400000 USD
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0.030
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0.029
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0.030
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13054800000 USD
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13716900000 USD
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1194100000 USD
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1224200000 USD
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19892400000 USD
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21350510000 USD
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21350500000 USD
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558600000 USD
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591600000 USD
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25226600000 USD
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7691900000 USD
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8517400000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Revenues</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Regulated Companies' Retail Revenues: &#160;</font><font style="font-family:inherit;font-size:9pt;">The Regulated companies' retail revenues are based on rates approved by their respective state regulatory commissions. &#160;In general, rates can only be changed through formal proceedings with the state regulatory commissions. &#160;The Regulated companies' rates are designed to recover the costs to provide service to their customers, and include a return on investment. &#160;The Regulated companies also utilize regulatory commission-approved tracking mechanisms to recover certain costs on a fully-reconciling basis. &#160;These tracking mechanisms require rates to be changed periodically to ensure recovery of actual costs incurred. &#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CL&amp;P, WMECO and NSTAR Gas each have a regulatory commission approved revenue decoupling mechanism. NSTAR Gas' decoupling mechanism was effective January 1, 2016. Distribution revenues are decoupled from customer sales volumes, where applicable, which breaks the relationship between sales volumes and revenues recognized. CL&amp;P, WMECO and NSTAR Gas reconcile their annual base distribution rate recovery to pre-established levels of baseline distribution delivery service revenues. &#160;Any difference between the allowed level of distribution revenue and the actual amount incurred is adjusted through rates in a subsequent period. &#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">A significant portion of the Regulated companies' retail revenues relate to the recovery of costs incurred for the sale of electricity and natural gas purchased on behalf of customers. &#160;These energy supply costs are recovered from customers in rates through cost tracking mechanisms. &#160;Energy purchases are recorded in Purchased Power, Fuel and Transmission, and the sales of energy associated with these purchases are recorded in Operating Revenues on the statements of income.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Regulated Companies' Unbilled Revenues: &#160;</font><font style="font-family:inherit;font-size:9pt;">Because customers are billed throughout the month based on pre-determined cycles rather than on a calendar month basis, an estimate of electricity or natural gas delivered to customers for which the customers have not yet been billed is calculated as of the balance sheet date. &#160;Unbilled revenues are included in Operating Revenues on the statements of income and in Current Assets on the balance sheets. &#160;Actual amounts billed to customers when meter readings become available may vary from the estimated amount.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The Regulated companies estimate unbilled sales volumes monthly by first allocating billed sales volumes to the current calendar month based on the daily load (for electric distribution companies) or the daily send-out (for natural gas distribution companies) for each billing cycle. &#160;The billed sales volumes are then subtracted from total month load or send-out, net of delivery losses, to estimate unbilled sales volumes. &#160;Unbilled revenues are estimated by first allocating unbilled sales volumes to the respective customer classes, then applying an estimated rate by customer class to those sales volumes. &#160;The estimate of unbilled revenues can significantly impact the amount of revenues recorded at NSTAR Electric, PSNH and Yankee Gas because they do not have a revenue decoupling mechanism. &#160;CL&amp;P, WMECO and NSTAR Gas record a regulatory deferral to reflect the actual allowed amount of revenue associated with their respective decoupled distribution rate design.</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Regulated Companies' Transmission Revenues - Wholesale Rates:</font><font style="font-family:inherit;font-size:9pt;"> &#160;The Eversource transmission owning companies have a combination of FERC-approved regional and local formula rates that work in tandem to recover all their transmission costs. These rates are part of the ISO-NE Tariff. Regional rates recover the costs of higher voltage transmission facilities that benefit the region, and are collected from all New England transmission customers, including the Eversource distribution businesses. Eversource has two sets of local rates, one for the combined transmission revenue requirements of CL&amp;P, PSNH and WMECO, and the other for NSTAR Electric. These local rates recover the companies' total transmission revenue requirements, less revenues received from regional rates and other sources, and are collected from Eversource's distribution businesses and other transmission customers. The distribution businesses of Eversource, in turn, recover the FERC approved charges from retail customers through annual or semiannual tracking mechanisms. The transmission formula rates provide for the annual reconciliation and recovery or refund of estimated costs to actual costs. &#160;The financial impacts of differences between actual and estimated costs are deferred for future recovery from, or refunded to, transmission customers. &#160;See Note 11E, "Commitments and Contingencies &#8211; FERC ROE Complaints," for complaints filed at the FERC relating to Eversource's ROE.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Regulated Companies' Transmission Revenues - Retail Rates:</font><font style="font-family:inherit;font-size:9pt;"> &#160;A significant portion of the Eversource transmission segment revenue comes from ISO-NE charges to the distribution businesses of CL&amp;P, NSTAR Electric, PSNH and WMECO, each of which recovers these costs through rates charged to their retail customers. &#160;CL&amp;P, NSTAR Electric, PSNH and WMECO each have a retail transmission cost tracking mechanism as part of their rates, which allows the electric distribution companies to charge their retail customers for transmission costs on a timely basis.</font></div></div>

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