2018 Form 10-K Financial Statement

#000162828019001658 Filed on February 21, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $18.85B $5.027B $4.942B
YoY Change 27.32% 0.76% 3.66%
Cost Of Revenue $18.28B $4.812B $4.720B
YoY Change 25.83% 1.51% -0.2%
Gross Profit $569.4M $215.0M $221.5M
YoY Change 105.02% -13.65% 495.43%
Gross Profit Margin 3.02% 4.28% 4.48%
Selling, General & Admin $121.0M $45.40M $47.30M
YoY Change -34.24% -15.93% 70.14%
% of Gross Profit 21.25% 21.12% 21.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $197.6M $57.30M $56.60M
YoY Change -4.14% -1.88% -3.9%
% of Gross Profit 34.7% 26.65% 25.55%
Operating Expenses $120.0M $45.30M $47.30M
YoY Change -34.78% -16.11% 70.14%
Operating Profit $510.0M $169.7M $174.2M
YoY Change 139.21% -12.97% 1753.19%
Interest Expense $77.14M -$9.700M -$8.900M
YoY Change 14.36% -40.85% -26.45%
% of Operating Profit 15.13% -5.72% -5.11%
Other Income/Expense, Net
YoY Change
Pretax Income $385.7M $151.5M $165.4M
YoY Change 616.89% -15.17% -6225.93%
Income Tax $173.3M -$87.90M $52.50M
% Of Pretax Income 44.93% -58.02% 31.74%
Net Earnings $173.5M $80.80M $112.9M
YoY Change 12.88% 14.61% 2252.08%
Net Earnings / Revenue 0.92% 1.61% 2.28%
Basic Earnings Per Share $1.24 $0.43 $0.68
Diluted Earnings Per Share $1.23 $0.43 $0.67
COMMON SHARES
Basic Shares Outstanding 140.4M shares 139.9M
Diluted Shares Outstanding 141.3M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.980B $1.965B $2.005B
YoY Change 0.73% 0.19% 4.91%
Cash & Equivalents $1.765B $1.804B $1.827B
Short-Term Investments $214.8M $161.1M $178.1M
Other Short-Term Assets $1.146B $574.8M $650.1M
YoY Change 99.43% 39.74% 21.22%
Inventory $1.459B $1.327B
Prepaid Expenses
Receivables $2.245B $1.603B $1.533B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.371B $5.601B $5.515B
YoY Change -4.12% -0.16% -3.95%
LONG-TERM ASSETS
Property, Plant & Equipment $745.9M $1.094B $1.080B
YoY Change -31.8% 7.52% 3.63%
Goodwill $564.7M
YoY Change
Intangibles $188.4M
YoY Change
Long-Term Investments $903.1M $830.0M $977.7M
YoY Change -9.01% -6.1% 9.11%
Other Assets $1.396B $377.3M $1.057B
YoY Change 29.83% -67.83% 1.33%
Total Long-Term Assets $3.512B $3.726B $3.679B
YoY Change -5.75% 3.34% 2.9%
TOTAL ASSETS
Total Short-Term Assets $5.371B $5.601B $5.515B
Total Long-Term Assets $3.512B $3.726B $3.679B
Total Assets $8.883B $9.328B $9.194B
YoY Change -4.77% 1.21% -1.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.401B $1.513B $1.398B
YoY Change -7.4% -4.89% -14.88%
Accrued Expenses $949.5M $1.141B $1.122B
YoY Change -16.78% -16.28% -17.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $26.90M $27.40M $36.70M
YoY Change -1.82% -66.67% -72.55%
Total Short-Term Liabilities $3.659B $3.574B $3.544B
YoY Change 2.38% -6.34% -8.58%
LONG-TERM LIABILITIES
Long-Term Debt $1.662B $1.592B $1.581B
YoY Change 4.4% 4.86% 1.64%
Other Long-Term Liabilities $581.5M $669.5M $635.1M
YoY Change -13.14% 4.67% 0.76%
Total Long-Term Liabilities $2.243B $1.592B $2.216B
YoY Change -0.8% -26.23% 1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.659B $3.574B $3.544B
Total Long-Term Liabilities $2.243B $1.592B $2.216B
Total Liabilities $6.048B $5.166B $5.910B
YoY Change 1.05% -15.19% -4.83%
SHAREHOLDERS EQUITY
Retained Earnings $3.655B
YoY Change
Common Stock $89.62M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.834B $3.342B $3.283B
YoY Change
Total Liabilities & Shareholders Equity $8.883B $9.328B $9.194B
YoY Change -4.77% 1.21% -1.32%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $173.5M $80.80M $112.9M
YoY Change 12.88% 14.61% 2252.08%
Depreciation, Depletion And Amortization $197.6M $57.30M $56.60M
YoY Change -4.14% -1.88% -3.9%
Cash From Operating Activities $162.2M $51.40M $122.7M
YoY Change -73.06% -79.72% -66.1%
INVESTING ACTIVITIES
Capital Expenditures $211.0M -$66.80M -$74.70M
YoY Change -25.47% -5.11% 28.35%
Acquisitions $0.00
YoY Change
Other Investing Activities $1.369M $38.50M -$8.600M
YoY Change -79.99% -16.12% -89.95%
Cash From Investing Activities $1.383M -$28.30M -$83.40M
YoY Change -100.29% 15.04% -42.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $50.02M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$140.5M -55.30M -37.00M
YoY Change -34.81% -48.89% -47.59%
NET CHANGE
Cash From Operating Activities $162.2M 51.40M 122.7M
Cash From Investing Activities $1.383M -28.30M -83.40M
Cash From Financing Activities -$140.5M -55.30M -37.00M
Net Change In Cash -$39.33M -32.20M 2.300M
YoY Change -15.17% -126.7% -98.44%
FREE CASH FLOW
Cash From Operating Activities $162.2M $51.40M $122.7M
Capital Expenditures $211.0M -$66.80M -$74.70M
Free Cash Flow -$48.83M $118.2M $197.4M
YoY Change -115.31% -63.5% -53.02%

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101168000 USD
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9287000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5785000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6326000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-11413000 USD
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164836000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
175045000 USD
CY2018 us-gaap Income Taxes Paid Net
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-28408000 USD
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IncreaseDecreaseInAccountsAndNotesReceivable
337775000 USD
CY2017 us-gaap Increase Decrease In Accounts And Notes Receivable
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-162655000 USD
CY2018 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
40785000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
200480000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-137441000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
176335000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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40088000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-65207000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-74302000 USD
CY2016 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
72419000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-140556000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
166955000 USD
CY2016 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
43985000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
60808000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-298517000 USD
CY2016 us-gaap Increase Decrease In Deferred Compensation
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29323000 USD
CY2017 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
52615000 USD
CY2018 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-22272000 USD
CY2016 us-gaap Increase Decrease In Operating Capital
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-135393000 USD
CY2017 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
11899000 USD
CY2018 us-gaap Increase Decrease In Operating Capital
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297722000 USD
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-19311000 USD
CY2017 us-gaap Increase Decrease In Other Current Assets
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138638000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets
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-168021000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
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-250332000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3944000 USD
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23737000 USD
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-8609000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
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-30688000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
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-37782000 USD
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30000000 USD
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-10350000 USD
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-215502000 USD
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-140491000 USD
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-741351000 USD
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-484278000 USD
CY2017 us-gaap Increase Decrease In Pension And Postretirement Obligations
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-8846000 USD
CY2018 us-gaap Increase Decrease In Pension And Postretirement Obligations
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-16472000 USD
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1741000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1132000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
859000 shares
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159121000 USD
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69689000 USD
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InterestExpense
67638000 USD
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InterestExpense
77179000 USD
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-52600000 USD
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InterestIncomeExpenseNonoperatingNet
-39900000 USD
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-40100000 USD
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72057000 USD
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61560000 USD
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66514000 USD
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InvestmentIncomeInterest
17046000 USD
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InvestmentIncomeInterest
27776000 USD
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36965000 USD
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Land
82794000 USD
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Land
81566000 USD
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9327692000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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8913637000 USD
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3574170000 USD
CY2018Q4 us-gaap Liabilities Current
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3552513000 USD
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1600000000 USD
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1591598000 USD
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1661565000 USD
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878863000 USD
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938490000 USD
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110000000 USD
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1501452000 USD
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1437540000 USD
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161134000 USD
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214828000 USD
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113622000 USD
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0 USD
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150089000 USD
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154869000 USD
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57904000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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47215000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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63523000 USD
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108000000 USD
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118000000 USD
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1383000 USD
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705919000 USD
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601971000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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162164000 USD
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281401000 USD
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191377000 USD
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224833000 USD
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46048000 USD
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46000000 USD
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46000000 USD
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73092000 USD
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73100000 USD
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73000000 USD
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68000000 USD
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68100000 USD
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68125000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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60600000 USD
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94500000 USD
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60300000 USD
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114800000 USD
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77300000 USD
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50300000 USD
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9072000 USD
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6397000 USD
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5128000 USD
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4 Segments
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89700000 USD
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22100000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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31600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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50600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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73200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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50100000 USD
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152000000 USD
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144000000 USD
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360000000 USD
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453513000 USD
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574764000 USD
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315997000 USD
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207000 USD
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541104000 USD
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-444000 USD
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709000 USD
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138062000 USD
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-64380000 USD
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74424000 USD
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-99809000 USD
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93631000 USD
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5137000 USD
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-15609000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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52591000 USD
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-36287000 USD
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44431000 USD
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-18726000 USD
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-2459000 USD
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-8844000 USD
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-3477000 USD
CY2017 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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0 USD
CY2017 us-gaap Payments For Legal Settlements
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18000000 USD
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18000000 USD
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6481000 USD
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329000 USD
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9718000 USD
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0 USD
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50022000 USD
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3513000 USD
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0 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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5061000 USD
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117995000 USD
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117995000 USD
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118734000 USD
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58000000 USD
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57904000 USD
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47215000 USD
CY2017 us-gaap Payments Of Dividends Minority Interest
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47000000 USD
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64000000 USD
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63523000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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7007000 USD
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6186000 USD
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5686000 USD
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240740000 USD
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0 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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235904000 USD
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483513000 USD
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235900000 USD
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0 USD
CY2016 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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518220000 USD
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PaymentsToAcquireInterestInSubsidiariesAndAffiliates
273117000 USD
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73145000 USD
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359986000 USD
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237360000 USD
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283100000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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283107000 USD
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211000000 USD
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210998000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
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0.01
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20000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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0 USD
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
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0 USD
CY2017 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
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124942000 USD
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3783000 USD
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3249000 USD
CY2018 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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22284000 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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552958000 USD
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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598722000 USD
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882142000 USD
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
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0 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
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0 USD
CY2016 us-gaap Proceeds From Minority Shareholders
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9072000 USD
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9000000 USD
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6000000 USD
CY2017 us-gaap Proceeds From Minority Shareholders
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6397000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
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5128000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
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5000000 USD
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-11362000 USD
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-6428000 USD
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-5288000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
286000000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
159000000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
175000000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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522094000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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81162000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
96102000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
81038000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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3658000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9380000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7258000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
327449000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
77400000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-6600000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
112900000 USD
CY2017Q4 us-gaap Profit Loss
ProfitLoss
80800000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
264469000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-12100000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
131200000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
96000000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
77900000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
292958000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2295610000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2234534000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1093681000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1013732000 USD
CY2016 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
333654000 USD
CY2017 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
0 USD
CY2018 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
503285000 USD
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
917027000 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
53455000 USD
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3654931000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3422157000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
37862000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14877000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11110000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11875000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2016 us-gaap Revenues
Revenues
19036500000 USD
CY2016 us-gaap Revenues
Revenues
19036525000 USD
CY2017Q1 us-gaap Revenues
Revenues
4835900000 USD
CY2017Q2 us-gaap Revenues
Revenues
4716100000 USD
CY2017Q3 us-gaap Revenues
Revenues
4941600000 USD
CY2017Q4 us-gaap Revenues
Revenues
5027400000 USD
CY2017 us-gaap Revenues
Revenues
19521000000 USD
CY2017 us-gaap Revenues
Revenues
19520970000 USD
CY2018Q1 us-gaap Revenues
Revenues
4823800000 USD
CY2018Q2 us-gaap Revenues
Revenues
4883800000 USD
CY2018Q3 us-gaap Revenues
Revenues
4658000000 USD
CY2018Q4 us-gaap Revenues
Revenues
4801000000 USD
CY2018 us-gaap Revenues
Revenues
19166600000 USD
CY2018 us-gaap Revenues
Revenues
19166599000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
40086000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
40669000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
43029000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
3686189 shares
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
4589385 shares
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
61.94
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y0M
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
60.25
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y7M
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
202650 shares
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1097126 shares
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
9718000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
10000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50022000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3342310000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2963181000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3113499000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3242831000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3492399000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3118050000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
58881000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
60656000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45976000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4297000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1249000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6775000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
9000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3024000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3608000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
13000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6000000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140912000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140893000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141272000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139171000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139761000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140413000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentrations of Credit Risk</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable and all contract work in progress are from clients in various industries and locations throughout the world. Most contracts require payments as the projects progress or, in certain cases, advance payments. The company generally does not require collateral, but in most cases can place liens against the property, plant or equipment constructed or terminate the contract, if a material default occurs. The company evaluates the counterparty credit risk of third parties as part of its project risk review process and in determining the appropriate level of reserves. The company maintains adequate reserves for potential credit losses and generally such losses have been minimal and within management's estimates.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and marketable securities are deposited with major banks throughout the world. Such deposits are placed with high quality institutions and the amounts invested in any single institution are limited to the extent possible in order to minimize concentration of counterparty credit risk.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company's counterparties for derivative contracts are large financial institutions selected based on profitability, strength of balance sheet, credit ratings and capacity for timely payment of financial commitments. There are no significant concentrations of credit risk with any individual counterparty related to our derivative contracts.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company monitors the credit quality of its counterparties and has not incurred any significant credit risk losses related to its deposits or derivative contracts.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect reported amounts. These estimates are based on information available through the date of the issuance of the financial statements. Therefore, actual results could differ from those estimates.</font></div></div>

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