2017 Q2 Form 10-Q Financial Statement

#000103129617000044 Filed on July 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $2.561B $3.401B
YoY Change -24.7% -1.85%
Cost Of Revenue $650.0M $889.0M
YoY Change -26.88% -10.11%
Gross Profit $1.832B $2.512B
YoY Change -27.07% 1.45%
Gross Profit Margin 71.53% 73.86%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $254.0M $334.0M
YoY Change -23.95% 3.73%
% of Gross Profit 13.86% 13.3%
Operating Expenses $1.270B $2.110B
YoY Change -39.81% 10.18%
Operating Profit $574.0M -$975.0M
YoY Change -158.87% -275.99%
Interest Expense $248.0M $289.0M
YoY Change -14.19% 2.48%
% of Operating Profit 43.21%
Other Income/Expense, Net -$223.0M -$244.0M
YoY Change -8.61% -3.17%
Pretax Income $351.0M -$1.219B
YoY Change -128.79% -503.64%
Income Tax $132.0M -$130.0M
% Of Pretax Income 37.61%
Net Earnings $174.0M -$1.089B
YoY Change -115.98% -682.35%
Net Earnings / Revenue 6.79% -32.02%
Basic Earnings Per Share $0.39 -$2.56
Diluted Earnings Per Share $0.39 -$2.56
COMMON SHARES
Basic Shares Outstanding 444.0M shares 425.0M shares
Diluted Shares Outstanding 445.0M shares 425.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.0M $199.0M
YoY Change -42.71% 111.7%
Cash & Equivalents $114.0M $199.0M
Short-Term Investments
Other Short-Term Assets $151.0M $163.0M
YoY Change -7.36% -1.81%
Inventory $553.0M $759.0M
Prepaid Expenses
Receivables $1.375B $1.341B
Other Receivables $161.0M $153.0M
Total Short-Term Assets $2.755B $3.076B
YoY Change -10.44% -25.21%
LONG-TERM ASSETS
Property, Plant & Equipment $29.18B $37.46B
YoY Change -22.11% 2.87%
Goodwill $5.618B $5.618B
YoY Change 0.0% -12.46%
Intangibles
YoY Change
Long-Term Investments $507.0M $527.0M
YoY Change -3.8% -40.52%
Other Assets $871.0M $1.076B
YoY Change -19.05% -17.29%
Total Long-Term Assets $7.483B $7.881B
YoY Change -5.05% -14.73%
TOTAL ASSETS
Total Short-Term Assets $2.755B $3.076B
Total Long-Term Assets $7.483B $7.881B
Total Assets $43.33B $51.40B
YoY Change -15.71% -1.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $932.0M $938.0M
YoY Change -0.64% -9.28%
Accrued Expenses $293.0M $341.0M
YoY Change -14.08% 5.57%
Deferred Revenue
YoY Change
Short-Term Debt $225.0M $2.925B
YoY Change -92.31% 0.58%
Long-Term Debt Due $2.015B $1.327B
YoY Change 51.85% 2.71%
Total Short-Term Liabilities $4.647B $6.759B
YoY Change -31.25% -0.44%
LONG-TERM LIABILITIES
Long-Term Debt $20.58B $18.35B
YoY Change 12.18% -1.2%
Other Long-Term Liabilities $1.584B $1.419B
YoY Change 11.63% 3.35%
Total Long-Term Liabilities $11.78B $14.89B
YoY Change -20.88% -1.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.647B $6.759B
Total Long-Term Liabilities $11.78B $14.89B
Total Liabilities $16.43B $21.65B
YoY Change -24.12% -1.18%
SHAREHOLDERS EQUITY
Retained Earnings -$4.159B $1.190B
YoY Change -449.5% -50.23%
Common Stock $10.27B $9.984B
YoY Change 2.88% 0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.320B $11.41B
YoY Change
Total Liabilities & Shareholders Equity $43.33B $51.40B
YoY Change -15.71% -3.03%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $174.0M -$1.089B
YoY Change -115.98% -682.35%
Depreciation, Depletion And Amortization $254.0M $334.0M
YoY Change -23.95% 3.73%
Cash From Operating Activities $697.0M $822.0M
YoY Change -15.21% 3.14%
INVESTING ACTIVITIES
Capital Expenditures -$668.0M -$833.0M
YoY Change -19.81% -2.57%
Acquisitions
YoY Change
Other Investing Activities -$68.00M -$69.00M
YoY Change -1.45% -23.33%
Cash From Investing Activities -$736.0M -$902.0M
YoY Change -18.4% -4.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.000M 133.0M
YoY Change -98.5% -12.5%
NET CHANGE
Cash From Operating Activities 697.0M 822.0M
Cash From Investing Activities -736.0M -902.0M
Cash From Financing Activities 2.000M 133.0M
Net Change In Cash -37.00M 53.00M
YoY Change -169.81% 1225.0%
FREE CASH FLOW
Cash From Operating Activities $697.0M $822.0M
Capital Expenditures -$668.0M -$833.0M
Free Cash Flow $1.365B $1.655B
YoY Change -17.52% 0.18%

Facts In Submission

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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