2020 Q4 Form 10-Q Financial Statement

#000007274120000024 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $2.237B $2.344B $2.050B
YoY Change 9.09% 7.71% 0.76%
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 $260.2M $302.0M $228.7M
YoY Change 13.77% 1.85% 10.06%
% of Gross Profit
Operating Expenses $1.779B $1.782B $1.615B
YoY Change 10.18% 6.95% -1.23%
Operating Profit $561.2M $435.6M
YoY Change 10.21% 8.9%
Interest Expense -$130.9M $134.1M -$86.30M
YoY Change 51.68% -0.81% -31.56%
% of Operating Profit 23.9% -19.81%
Other Income/Expense, Net $18.70M $29.20M -$18.40M
YoY Change -201.63% 8.15% -166.43%
Pretax Income $344.4M $456.4M $331.0M
YoY Change 4.05% 13.81% 9.71%
Income Tax $70.60M $108.2M $79.10M
% Of Pretax Income 20.5% 23.72% 23.9%
Net Earnings $271.9M $348.1M $251.9M
YoY Change 7.94% 8.53% 8.02%
Net Earnings / Revenue 12.16% 14.85% 12.29%
Basic Earnings Per Share $1.01 $0.77
Diluted Earnings Per Share $790.2K $1.01 $0.76
COMMON SHARES
Basic Shares Outstanding 342.8M shares 343.1M shares 323.8M shares
Diluted Shares Outstanding 343.8M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.0M $730.0M $15.00M
YoY Change 613.33% 3073.91% -86.11%
Cash & Equivalents $265.0M $730.0M $15.40M
Short-Term Investments
Other Short-Term Assets $252.4M $243.8M $342.1M
YoY Change -26.22% -21.93% 31.09%
Inventory $266.0M $214.0M $235.0M
Prepaid Expenses $105.6M
Receivables $1.196B $1.113B $989.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.130B $3.220B $2.415B
YoY Change 29.64% 45.0% 5.34%
LONG-TERM ASSETS
Property, Plant & Equipment $30.94B $29.09B $27.64B
YoY Change 11.95% 7.9% 7.9%
Goodwill $4.446B $4.404B $4.427B
YoY Change 0.43% -0.53% -0.07%
Intangibles
YoY Change
Long-Term Investments $1.107B $903.2M $871.6M
YoY Change 27.02% 4.81% 87.72%
Other Assets $583.9M $565.1M $512.2M
YoY Change 13.98% -6.79% 28.57%
Total Long-Term Assets $42.97B $40.29B $11.12B
YoY Change 286.28% 280.33% 7.6%
TOTAL ASSETS
Total Short-Term Assets $3.130B $3.220B $2.415B
Total Long-Term Assets $42.97B $40.29B $11.12B
Total Assets $46.10B $43.51B $41.12B
YoY Change 12.1% 9.52% 7.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.371B $1.222B $1.148B
YoY Change 19.41% 36.99% 2.49%
Accrued Expenses $10.00M $9.000M
YoY Change 11.11%
Deferred Revenue
YoY Change
Short-Term Debt $1.249B $61.00M $889.0M
YoY Change 40.49% -91.44% -2.31%
Long-Term Debt Due $1.053B $1.078B $327.4M
YoY Change 221.67% 26.39% -60.9%
Total Short-Term Liabilities $4.915B $3.634B $3.606B
YoY Change 36.32% -3.06% -12.33%
LONG-TERM LIABILITIES
Long-Term Debt $15.13B $14.74B $13.77B
YoY Change 9.84% 9.64% 12.43%
Other Long-Term Liabilities $948.5M $856.3M $810.6M
YoY Change 17.02% -33.66% 11.02%
Total Long-Term Liabilities $16.07B $15.59B $14.58B
YoY Change 10.24% 60.43% 51.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.915B $3.634B $3.606B
Total Long-Term Liabilities $16.07B $15.59B $14.58B
Total Liabilities $20.99B $19.23B $18.19B
YoY Change 15.41% 42.76% 32.11%
SHAREHOLDERS EQUITY
Retained Earnings $4.613B $4.536B $4.177B
YoY Change 10.44% 10.62% 5.64%
Common Stock $1.789B $1.789B $1.729B
YoY Change 3.46% 5.28% 3.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $278.0M $281.5M $299.1M
YoY Change -7.05% -6.71% -5.89%
Treasury Stock Shares 14.86M shares 15.02M shares 15.98M shares
Shareholders Equity $14.06B $13.98B $12.63B
YoY Change
Total Liabilities & Shareholders Equity $46.10B $43.51B $41.12B
YoY Change 12.1% 9.52% 7.54%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $271.9M $348.1M $251.9M
YoY Change 7.94% 8.53% 8.02%
Depreciation, Depletion And Amortization $260.2M $302.0M $228.7M
YoY Change 13.77% 1.85% 10.06%
Cash From Operating Activities $186.4M $490.8M $514.7M
YoY Change -63.78% -13.94% 21.74%
INVESTING ACTIVITIES
Capital Expenditures -$841.4M -$701.4M -$782.5M
YoY Change 7.53% -6.63% 14.27%
Acquisitions
YoY Change
Other Investing Activities -$1.278B $82.20M -$40.00M
YoY Change 3095.5% -176.89% -14.16%
Cash From Investing Activities -$2.120B -$619.2M -$822.5M
YoY Change 157.7% -27.84% 12.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $425.4M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.369B 780.4M 272.9M
YoY Change 401.72% 186.28% -28.8%
NET CHANGE
Cash From Operating Activities 186.4M 490.8M 514.7M
Cash From Investing Activities -2.120B -619.2M -822.5M
Cash From Financing Activities 1.369B 780.4M 272.9M
Net Change In Cash -564.0M 652.0M -34.90M
YoY Change 1516.05% -4389.47% -146.72%
FREE CASH FLOW
Cash From Operating Activities $186.4M $490.8M $514.7M
Capital Expenditures -$841.4M -$701.4M -$782.5M
Free Cash Flow $1.028B $1.192B $1.297B
YoY Change -20.77% -9.78% 17.12%

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PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
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PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
1734600000 USD
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PublicUtilitiesPropertyPlantAndEquipmentNet
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PublicUtilitiesPropertyPlantAndEquipmentNet
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DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
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200000 USD
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227000000.0 USD
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5800000 USD
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45700000 USD
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1600000 USD
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EquitySecuritiesFvNiUnrealizedGainLoss
2400000 USD
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5700000 USD
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216100000 USD
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11100000 USD
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51100000 USD
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51100000 USD
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45200000 USD
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47400000 USD
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43900000 USD
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AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
47000000.0 USD
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AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
75900000 USD
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AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
81500000 USD
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
216100000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
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227000000.0 USD
CY2020Q3 us-gaap Investments Fair Value Disclosure
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462600000 USD
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55 site
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78800000 USD
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81000000.0 USD
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500000 USD
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0.1041
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0.1308
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0.1041
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LossContingencyPercentageOfIncentiveCapOnTotalROE
0.1308
CY2016Q3 es Capacity Required For Installationof Distribution Cable
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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3900000 USD
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OtherComprehensiveIncomeLossNetOfTax
4700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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8000000.0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
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314100000 USD
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5960000 shares
CY2020Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
6000000 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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6000000 shares
CY2020Q2 us-gaap Sale Of Stock Price Per Share
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86.26
CY2020Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
509200000 USD
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5980000 shares
CY2019Q2 us-gaap Forward Contract Indexed To Issuers Equity Shares
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CY2019Q2 us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
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CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Forward Rate
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CY2019Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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6000000 shares
CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
1500000 shares
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
105700000 USD
CY2020Q1 us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
4460000 shares
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
929000000.0 USD
CY2020Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15977757 shares
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CommonStockSharesOutstanding
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CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2020Q3 us-gaap Dividends Preferred Stock
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1900000 USD
us-gaap Dividends Preferred Stock
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5600000 USD
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155600000 USD
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52747 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
346300000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
318900000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
933200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
659000000.0 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
343076614 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
324037169 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
337375172 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
320442253 shares
CY2020Q3 es Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Other
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696988 shares
CY2019Q3 es Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Other
IncrementalCommonSharesAttributableToDilutiveEffectOfShareBasedPaymentArrangementsAndOther
737972 shares
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IncrementalCommonSharesAttributableToDilutiveEffectOfShareBasedPaymentArrangementsAndOther
686403 shares
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IncrementalCommonSharesAttributableToDilutiveEffectOfShareBasedPaymentArrangementsAndOther
691636 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
1233201 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
362525 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
437037 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
696988 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1971173 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1048928 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1128673 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
343773602 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
326008342 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
338424100 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
321570926 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.06
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2352100000 USD
CY2020Q3 us-gaap Revenue Not From Contract With Customer
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1100000 USD
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6900000 USD
us-gaap Revenues
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2168400000 USD
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RevenueNotFromContractWithCustomer
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RevenueFromContractWithCustomerIncludingAssessedTax
6434100000 USD
us-gaap Revenue Not From Contract With Customer
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17500000 USD
us-gaap Revenues
Revenues
6476100000 USD
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OperatingLeaseLeaseIncome
1100000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1200000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3200000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3400000 USD
CY2020Q3 us-gaap Revenues
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2343600000 USD
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302000000.0 USD
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1480400000 USD
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us-gaap Revenues
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4284600000 USD
us-gaap Operating Income Loss
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InterestExpense
403100000 USD
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NonoperatingIncomeExpense
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2019Q3 us-gaap Revenues
Revenues
2175800000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
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296500000 USD
CY2019Q3 us-gaap Utilities Operating Expense Other
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1370100000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
509200000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
135200000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
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318900000 USD
us-gaap Revenues
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6476100000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Tangible Asset Impairment Charges
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239600000 USD
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us-gaap Operating Income Loss
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us-gaap Interest Expense
InterestExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2020Q3 us-gaap Assets
Assets
43507300000 USD
CY2019Q4 us-gaap Assets
Assets
41123900000 USD

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