2018 Q2 Form 10-Q Financial Statement

#000083125918000030 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $5.168B $3.711B
YoY Change 39.26% 11.31%
Cost Of Revenue $3.357B $2.930B
YoY Change 14.57% -24.47%
Gross Profit $1.811B $781.0M
YoY Change 131.88% -243.3%
Gross Profit Margin 35.04% 21.05%
Selling, General & Admin $109.0M $107.0M
YoY Change 1.87% -33.13%
% of Gross Profit 6.02% 13.7%
Research & Development $24.00M $19.00M
YoY Change 26.32% 26.67%
% of Gross Profit 1.33% 2.43%
Depreciation & Amortization $442.0M $450.0M
YoY Change -1.78% -30.98%
% of Gross Profit 24.41% 57.62%
Operating Expenses $109.0M $107.0M
YoY Change 1.87% -33.13%
Operating Profit $1.664B $686.0M
YoY Change 142.57% 3711.11%
Interest Expense -$148.0M -$158.0M
YoY Change -6.33% -19.39%
% of Operating Profit -8.89% -23.03%
Other Income/Expense, Net $20.00M $6.000M
YoY Change 233.33% -90.63%
Pretax Income $1.551B $513.0M
YoY Change 202.34% -550.0%
Income Tax $515.0M $186.0M
% Of Pretax Income 33.2% 36.26%
Net Earnings $1.035B $335.0M
YoY Change 208.96% -181.71%
Net Earnings / Revenue 20.03% 9.03%
Basic Earnings Per Share $0.60 $0.18
Diluted Earnings Per Share $0.59 $0.18
COMMON SHARES
Basic Shares Outstanding 1.449B shares 1.447B shares
Diluted Shares Outstanding 1.458B shares 1.453B shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.859B $4.667B
YoY Change -17.31% 1225.85%
Cash & Equivalents $3.859B $4.667B
Short-Term Investments
Other Short-Term Assets $381.0M $211.0M
YoY Change 80.57% -6.64%
Inventory $4.176B $3.642B
Prepaid Expenses
Receivables $1.077B $802.0M
Other Receivables $225.0M $632.0M
Total Short-Term Assets $10.34B $10.42B
YoY Change -0.71% -2.64%
LONG-TERM ASSETS
Property, Plant & Equipment $22.92B $23.07B
YoY Change -0.62% -2.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.391B $1.957B
YoY Change 22.18% -11.37%
Total Long-Term Assets $26.69B $26.63B
YoY Change 0.22% -12.98%
TOTAL ASSETS
Total Short-Term Assets $10.34B $10.42B
Total Long-Term Assets $26.69B $26.63B
Total Assets $37.03B $37.04B
YoY Change -0.04% -10.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.420B $1.880B
YoY Change 28.72% -26.82%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $2.216B
YoY Change -99.82% 187.79%
Total Short-Term Liabilities $3.799B $4.944B
YoY Change -23.16% 8.9%
LONG-TERM LIABILITIES
Long-Term Debt $11.12B $13.14B
YoY Change -15.34% -29.17%
Other Long-Term Liabilities $1.931B $1.586B
YoY Change 21.75% -4.57%
Total Long-Term Liabilities $13.05B $14.72B
YoY Change -11.34% -27.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.799B $4.944B
Total Long-Term Liabilities $13.05B $14.72B
Total Liabilities $24.19B $27.05B
YoY Change -10.59% -16.01%
SHAREHOLDERS EQUITY
Retained Earnings -$13.16B -$16.04B
YoY Change -17.96% -5.9%
Common Stock $158.0M $158.0M
YoY Change 0.0% 8.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.726B $3.720B
YoY Change 0.16% 0.27%
Treasury Stock Shares
Shareholders Equity $9.474B $6.673B
YoY Change
Total Liabilities & Shareholders Equity $37.03B $37.04B
YoY Change -0.04% -10.3%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $1.035B $335.0M
YoY Change 208.96% -181.71%
Depreciation, Depletion And Amortization $442.0M $450.0M
YoY Change -1.78% -30.98%
Cash From Operating Activities $1.309B $1.037B
YoY Change 26.23% 18.65%
INVESTING ACTIVITIES
Capital Expenditures -$482.0M -$362.0M
YoY Change 33.15% -56.54%
Acquisitions
YoY Change
Other Investing Activities $4.000M $20.00M
YoY Change -80.0% -98.44%
Cash From Investing Activities -$478.0M -$342.0M
YoY Change 39.77% -176.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -689.0M -25.00M
YoY Change 2656.0% -97.95%
NET CHANGE
Cash From Operating Activities 1.309B 1.037B
Cash From Investing Activities -478.0M -342.0M
Cash From Financing Activities -689.0M -25.00M
Net Change In Cash 142.0M 670.0M
YoY Change -78.81% 576.77%
FREE CASH FLOW
Cash From Operating Activities $1.309B $1.037B
Capital Expenditures -$482.0M -$362.0M
Free Cash Flow $1.791B $1.399B
YoY Change 28.02% -18.04%

Facts In Submission

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us-gaap Gain Loss On Disposition Of Assets1
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0 USD
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us-gaap Mineral Extraction Processing And Marketing Costs
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
38000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
606000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
352000000 USD
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
0 USD
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-18000000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
335000000 USD
us-gaap Profit Loss
ProfitLoss
641000000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
1035000000 USD
us-gaap Profit Loss
ProfitLoss
1852000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22934000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22923000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
1250000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2297000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
52000000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
120000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
132000000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
127000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14722000000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-13161000000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3677000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6892000000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5212000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10197000000 USD
CY2017Q2 us-gaap Revenues
Revenues
3711000000 USD
us-gaap Revenues
Revenues
7052000000 USD
CY2018Q2 us-gaap Revenues
Revenues
5168000000 USD
us-gaap Revenues
Revenues
10036000000 USD
CY2017Q2 us-gaap Royalty Expense
RoyaltyExpense
44000000 USD
us-gaap Royalty Expense
RoyaltyExpense
66000000 USD
CY2018Q2 us-gaap Royalty Expense
RoyaltyExpense
73000000 USD
us-gaap Royalty Expense
RoyaltyExpense
142000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
107000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
258000000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
109000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
240000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
44000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
60000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
7977000000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
9474000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11296000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12842000000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3723000000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
3726000000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3000000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
4000000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1453000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1453000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1458000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1458000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1447000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1447000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1449000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1449000000 shares

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