2019 Q1 Form 10-Q Financial Statement

#000171126919000034 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.217B $600.2M
YoY Change 102.75% 4.82%
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 $228.2M $97.40M
YoY Change 134.29% 0.72%
% of Gross Profit
Operating Expenses $992.3M $476.7M
YoY Change 108.16% 8.05%
Operating Profit $209.6M $123.5M
YoY Change 69.72% -6.01%
Interest Expense $91.10M $43.80M
YoY Change 107.99% -215.57%
% of Operating Profit 43.46% 35.47%
Other Income/Expense, Net -$8.000M -$9.000M
YoY Change -11.11% -1.1%
Pretax Income $110.5M $70.70M
YoY Change 56.29% -16.23%
Income Tax $9.300M $9.200M
% Of Pretax Income 8.42% 13.01%
Net Earnings $99.50M $60.50M
YoY Change 64.46% 1.34%
Net Earnings / Revenue 8.18% 10.08%
Basic Earnings Per Share $0.39 $0.42
Diluted Earnings Per Share $0.39 $0.42
COMMON SHARES
Basic Shares Outstanding 252.8M shares 142.6M shares
Diluted Shares Outstanding 253.0M shares 142.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $134.0M $11.00M
YoY Change 1118.18% 266.67%
Cash & Equivalents $133.6M $11.30M
Short-Term Investments
Other Short-Term Assets $747.0M $141.0M
YoY Change 429.79% -17.06%
Inventory $467.0M $287.0M
Prepaid Expenses
Receivables $446.0M $244.0M
Other Receivables $135.0M $0.00
Total Short-Term Assets $1.928B $683.0M
YoY Change 182.23% -5.27%
LONG-TERM ASSETS
Property, Plant & Equipment $18.84B $9.764B
YoY Change 92.93% 1.95%
Goodwill $2.339B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $535.1M $1.173B
YoY Change -54.38% -3.69%
Total Long-Term Assets $5.124B $10.94B
YoY Change -53.15% 1.32%
TOTAL ASSETS
Total Short-Term Assets $1.928B $683.0M
Total Long-Term Assets $5.124B $10.94B
Total Assets $26.06B $11.62B
YoY Change 124.27% 0.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $293.7M $139.0M
YoY Change 111.29% -14.2%
Accrued Expenses $166.0M $146.0M
YoY Change 13.7% 3.55%
Deferred Revenue
YoY Change
Short-Term Debt $1.670B $290.0M
YoY Change 475.86% 28.32%
Long-Term Debt Due $701.1M $30.00M
YoY Change 2237.0% 3.45%
Total Short-Term Liabilities $3.335B $830.0M
YoY Change 301.86% 8.21%
LONG-TERM LIABILITIES
Long-Term Debt $7.126B $3.739B
YoY Change 90.58% -0.77%
Other Long-Term Liabilities $323.4M $2.362B
YoY Change -86.31% 70.91%
Total Long-Term Liabilities $13.33B $6.101B
YoY Change 118.55% 18.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.335B $830.0M
Total Long-Term Liabilities $13.33B $6.101B
Total Liabilities $16.67B $7.711B
YoY Change 116.17% 0.01%
SHAREHOLDERS EQUITY
Retained Earnings $1.326B
YoY Change
Common Stock $8.110B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.423B $3.910B
YoY Change
Total Liabilities & Shareholders Equity $26.06B $11.62B
YoY Change 124.27% 0.9%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $99.50M $60.50M
YoY Change 64.46% 1.34%
Depreciation, Depletion And Amortization $228.2M $97.40M
YoY Change 134.29% 0.72%
Cash From Operating Activities $362.1M $259.6M
YoY Change 39.48% 9.67%
INVESTING ACTIVITIES
Capital Expenditures $309.0M $174.8M
YoY Change 76.77% -199.66%
Acquisitions
YoY Change
Other Investing Activities -$1.300M $1.600M
YoY Change -181.25% -633.33%
Cash From Investing Activities -$271.4M -$174.1M
YoY Change 55.89% -0.91%
FINANCING ACTIVITIES
Cash Dividend Paid $119.8M $57.40M
YoY Change 108.71%
Common Stock Issuance & Retirement, Net $578.3M $0.00
YoY Change
Debt Paid & Issued, Net $1.100M $0.00
YoY Change
Cash From Financing Activities $296.9M -$77.70M
YoY Change -482.11% 28.01%
NET CHANGE
Cash From Operating Activities $362.1M $259.6M
Cash From Investing Activities -$271.4M -$174.1M
Cash From Financing Activities $296.9M -$77.70M
Net Change In Cash $387.6M $7.800M
YoY Change 4869.23% 2500.0%
FREE CASH FLOW
Cash From Operating Activities $362.1M $259.6M
Capital Expenditures $309.0M $174.8M
Free Cash Flow $53.10M $84.80M
YoY Change -37.38% -79.42%

Facts In Submission

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CY2019Q1 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
359000000 USD
CY2018Q4 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
365000000 USD
CY2019Q1 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
359000000 USD
CY2018Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
140100000 USD
CY2019Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
306900000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
73900000 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
100000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142700000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
253000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
252800000 shares

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