2020 Q3 Form 10-Q Financial Statement

#000003991120000108 Filed on August 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $3.275B $4.005B $3.706B
YoY Change -18.23% -1.96% -2.04%
Cost Of Revenue $2.126B $2.449B $2.362B
YoY Change -13.19% -0.37% 0.25%
Gross Profit $1.149B $1.556B $1.344B
YoY Change -26.16% -4.36% -5.82%
Gross Profit Margin 35.08% 38.85% 36.27%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $126.0M $139.0M $138.0M
YoY Change -9.35% -0.71% -1.43%
% of Gross Profit 10.97% 8.93% 10.27%
Operating Expenses $1.076B $1.274B $1.028B
YoY Change -15.54% 3.66% -14.19%
Operating Profit $73.00M $282.0M $316.0M
YoY Change -74.11% -29.15% 37.99%
Interest Expense $58.00M $19.00M $20.00M
YoY Change 205.26% 11.76% 25.0%
% of Operating Profit 79.45% 6.74% 6.33%
Other Income/Expense, Net
YoY Change
Pretax Income -$41.00M $271.0M $302.0M
YoY Change -115.13% -30.15% 37.9%
Income Tax $21.00M $103.0M $75.00M
% Of Pretax Income 38.01% 24.83%
Net Earnings -$62.00M $168.0M $227.0M
YoY Change -136.9% -43.43% 38.41%
Net Earnings / Revenue -1.89% 4.19% 6.13%
Basic Earnings Per Share -$0.17 $0.44 $0.60
Diluted Earnings Per Share -$0.17 $0.44 $0.60
COMMON SHARES
Basic Shares Outstanding 374.0M shares 378.0M shares 379.0M shares
Diluted Shares Outstanding 374.0M shares 379.0M shares 381.0M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.213B $1.471B $1.213B
YoY Change 50.44% -8.52% -11.72%
Cash & Equivalents $2.188B $1.177B $941.0M
Short-Term Investments $25.00M $294.0M $272.0M
Other Short-Term Assets $882.0M $770.0M $757.0M
YoY Change 14.55% -1.28% -2.7%
Inventory $2.242B $2.326B $2.242B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.337B $4.567B $4.212B
YoY Change 16.86% -0.5% 0.6%
LONG-TERM ASSETS
Property, Plant & Equipment $2.895B $3.141B $3.129B
YoY Change -7.83% 10.91% 12.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $795.0M $528.0M $547.0M
YoY Change 50.57% -10.2% -9.88%
Total Long-Term Assets $8.379B $9.476B $9.408B
YoY Change -11.58% 177.08% 176.87%
TOTAL ASSETS
Total Short-Term Assets $5.337B $4.567B $4.212B
Total Long-Term Assets $8.379B $9.476B $9.408B
Total Assets $13.72B $14.04B $13.62B
YoY Change -2.33% 75.32% 79.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.629B $1.246B $994.0M
YoY Change 30.74% -3.93% -7.28%
Accrued Expenses $1.124B $908.0M $882.0M
YoY Change 23.79% -11.5% -9.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.649B $3.134B $2.831B
YoY Change 16.43% 33.87% 37.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.212B $1.249B $1.249B
YoY Change 77.1% 0.0% 0.0%
Other Long-Term Liabilities $5.602B $6.035B $5.969B
YoY Change -7.17% 458.8% 452.17%
Total Long-Term Liabilities $7.814B $7.284B $7.218B
YoY Change 7.28% 212.75% 209.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.649B $3.134B $2.831B
Total Long-Term Liabilities $7.814B $7.284B $7.218B
Total Liabilities $11.46B $10.42B $10.05B
YoY Change 10.03% 123.08% 129.01%
SHAREHOLDERS EQUITY
Retained Earnings $2.173B $3.551B $3.495B
YoY Change -38.81% 8.66% 11.77%
Common Stock $19.00M $19.00M $19.00M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.253B $3.625B $3.571B
YoY Change
Total Liabilities & Shareholders Equity $13.72B $14.04B $13.62B
YoY Change -2.33% 75.32% 79.56%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$62.00M $168.0M $227.0M
YoY Change -136.9% -43.43% 38.41%
Depreciation, Depletion And Amortization $126.0M $139.0M $138.0M
YoY Change -9.35% -0.71% -1.43%
Cash From Operating Activities $853.0M $554.0M $29.00M
YoY Change 53.97% -9.48% -143.94%
INVESTING ACTIVITIES
Capital Expenditures -$86.00M -$159.0M $165.0M
YoY Change -45.91% -15.43% 19.57%
Acquisitions $69.00M
YoY Change
Other Investing Activities $30.00M -$21.00M $0.00
YoY Change -242.86% -82.64% -100.0%
Cash From Investing Activities -$56.00M -$180.0M -$340.0M
YoY Change -68.89% -41.75% 10.03%
FINANCING ACTIVITIES
Cash Dividend Paid $92.00M
YoY Change -2.13%
Common Stock Issuance & Retirement, Net $50.00M
YoY Change -50.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 387.0M -135.0M -$151.0M
YoY Change -386.67% -26.23% -21.76%
NET CHANGE
Cash From Operating Activities 853.0M 554.0M $29.00M
Cash From Investing Activities -56.00M -180.0M -$340.0M
Cash From Financing Activities 387.0M -135.0M -$151.0M
Net Change In Cash 1.184B 239.0M -$462.0M
YoY Change 395.4% 99.17% -18.95%
FREE CASH FLOW
Cash From Operating Activities $853.0M $554.0M $29.00M
Capital Expenditures -$86.00M -$159.0M $165.0M
Free Cash Flow $939.0M $713.0M -$136.0M
YoY Change 31.7% -10.88% -33.33%

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CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset
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CY2019Q3 us-gaap Deferred Compensation Plan Assets
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CY2019Q3 us-gaap Available For Sale Securities Debt Securities
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CY2019Q3 us-gaap Available For Sale Securities Current
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CY2019Q3 us-gaap Operating Expenses
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us-gaap Cost Of Goods And Services Sold
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us-gaap Operating Expenses
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CY2020Q3 us-gaap Treasury Stock Shares Acquired
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CY2019Q3 us-gaap Treasury Stock Shares Acquired
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2700000 shares
us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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4600000 shares
CY2020Q3 us-gaap Treasury Stock Value Acquired Par Value Method
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us-gaap Treasury Stock Value Acquired Par Value Method
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us-gaap Treasury Stock Value Acquired Par Value Method
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CY2019Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
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us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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12000000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
374000000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
379000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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373000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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380000000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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16000000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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17000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Number Of Reportable Segments
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CY2020Q3 us-gaap Revenues
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CY2019Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
Revenues
7711000000 USD

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