2016 Q4 Form 10-Q Financial Statement

#000032033516000098 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $975.3M $989.8M $947.2M
YoY Change 4.44% 4.5% 6.32%
Cost Of Revenue $540.1M $532.2M $501.2M
YoY Change 6.12% 6.18% 5.93%
Gross Profit $435.2M $198.0M $193.9M
YoY Change 2.43% 2.12% -53.59%
Gross Profit Margin 44.62% 20.0% 20.47%
Selling, General & Admin $58.70M $57.50M $56.20M
YoY Change 3.53% 2.31% 1.44%
% of Gross Profit 13.49% 29.04% 28.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $116.2M $116.8M $111.6M
YoY Change 4.13% 4.64% 8.3%
% of Gross Profit 26.7% 59.01% 57.59%
Operating Expenses $778.9M $767.9M $728.9M
YoY Change 5.44% 5.35% -3.89%
Operating Profit -$343.7M $198.2M $193.9M
YoY Change 9.52% 2.25% -156.91%
Interest Expense -$20.50M $20.38M $19.25M
YoY Change 6.77% 5.9% 1.12%
% of Operating Profit 10.28% 9.93%
Other Income/Expense, Net -$257.0K $0.00
YoY Change
Pretax Income $176.0M $201.5M $199.0M
YoY Change 0.0% 1.23% 7.74%
Income Tax $51.20M $59.55M $65.15M
% Of Pretax Income 29.09% 29.56% 32.74%
Net Earnings $135.4M $151.9M $145.4M
YoY Change 1.87% 4.46% 9.8%
Net Earnings / Revenue 13.89% 15.34% 15.35%
Basic Earnings Per Share $1.14 $1.27 $1.17
Diluted Earnings Per Share $1.12 $1.25 $1.15
COMMON SHARES
Basic Shares Outstanding 118.7M shares 119.5M shares 124.5M shares
Diluted Shares Outstanding 121.9M shares 126.1M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $76.16M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $384.0M $361.0M $676.0M
YoY Change 11.3% -46.6% 35.2%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $441.6M $441.6M $441.6M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $15.88B $16.46B $14.64B
YoY Change 10.71% 12.43% -0.48%
Other Assets $128.0M $241.0M
YoY Change -59.11%
Total Long-Term Assets $21.05B $21.72B $19.44B
YoY Change 7.91% 11.69% 0.38%
TOTAL ASSETS
Total Short-Term Assets $384.0M $361.0M $676.0M
Total Long-Term Assets $21.05B $21.72B $19.44B
Total Assets $21.44B $22.08B $20.12B
YoY Change 7.97% 9.73% 1.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $264.5M $266.9M $618.2M
YoY Change -46.04% -56.83% 112.88%
Long-Term Debt Due $1.875M $267.0M $618.0M
YoY Change -56.8% 113.1%
Total Short-Term Liabilities $2.008B $2.291B $2.207B
YoY Change 3.45% 3.81% 11.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.133B $1.134B $744.0M
YoY Change 52.36% 52.42% -25.0%
Other Long-Term Liabilities $441.0M $447.0M $355.0M
YoY Change 2.32% 25.92% 9.23%
Total Long-Term Liabilities $1.133B $1.581B $1.099B
YoY Change 52.36% 43.86% -16.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.008B $2.291B $2.207B
Total Long-Term Liabilities $1.133B $1.581B $1.099B
Total Liabilities $16.87B $16.99B $15.84B
YoY Change 6.78% 7.29% 3.23%
SHAREHOLDERS EQUITY
Retained Earnings $3.891B $3.934B $3.686B
YoY Change 7.65% 6.72% 7.04%
Common Stock $127.2M $130.2M $134.2M
YoY Change -2.3% -2.98% -3.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $519.2M $616.8M $525.4M
YoY Change 28.74% 17.38% 32.66%
Treasury Stock Shares 9.187M shares 11.32M shares 10.50M shares
Shareholders Equity $4.567B $5.086B $4.283B
YoY Change
Total Liabilities & Shareholders Equity $21.44B $22.08B $20.12B
YoY Change 7.97% 9.73% 1.25%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $135.4M $151.9M $145.4M
YoY Change 1.87% 4.46% 9.8%
Depreciation, Depletion And Amortization $116.2M $116.8M $111.6M
YoY Change 4.13% 4.64% 8.3%
Cash From Operating Activities $426.8M $367.0M $275.8M
YoY Change 9.38% 33.07% 22.58%
INVESTING ACTIVITIES
Capital Expenditures -$15.10M -$3.400M -$16.80M
YoY Change 139.68% -79.76% 273.33%
Acquisitions
YoY Change
Other Investing Activities -$328.4M -$168.2M -$106.6M
YoY Change 123.25% 57.79% 17.92%
Cash From Investing Activities -$343.4M -$171.5M -$123.3M
YoY Change 123.71% 39.09% 29.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -113.7M -142.1M -164.9M
YoY Change -55.34% -13.83% 42.89%
NET CHANGE
Cash From Operating Activities 426.8M 367.0M 275.8M
Cash From Investing Activities -343.4M -171.5M -123.3M
Cash From Financing Activities -113.7M -142.1M -164.9M
Net Change In Cash -30.30M 53.40M -12.40M
YoY Change 69.27% -530.65% -184.35%
FREE CASH FLOW
Cash From Operating Activities $426.8M $367.0M $275.8M
Capital Expenditures -$15.10M -$3.400M -$16.80M
Free Cash Flow $441.9M $370.4M $292.6M
YoY Change 11.45% 26.59% 27.49%

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21877000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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20334000 USD
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us-gaap Allocated Share Based Compensation Expense
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21877000 USD
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us-gaap Allocated Share Based Compensation Expense
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CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1149329000 USD
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1299091000 USD
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625222000 USD
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14764000 USD
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14920000 USD
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480 Issue
CY2016Q3 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
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50 Issue
CY2015Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
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555 Issue
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155 Issue
CY2015Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
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CY2016Q3 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
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105 Issue
CY2015Q3 us-gaap Benefits Losses And Expenses
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2241996000 USD
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2363031000 USD
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82565000 USD
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CY2016Q3 us-gaap Commitments And Contingencies
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0.14
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0.41
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0.14
us-gaap Common Stock Dividends Per Share Declared
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0.42
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1
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1
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320000000 shares
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320000000 shares
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130218000 USD
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ComprehensiveIncomeNetOfTax
1325210000 USD
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67000000 USD
CY2016Q3 us-gaap Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
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69000000 USD
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111643000 USD
us-gaap Deferred Policy Acquisition Cost Amortization Expense
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334041000 USD
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116821000 USD
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352872000 USD
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3617135000 USD
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3739526000 USD
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16000000 USD
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12000000 USD
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307596000 USD
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330404000 USD
CY2015Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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4800000 USD
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0 USD
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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0 USD
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613000 USD
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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613000 USD
CY2016Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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399000 USD
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us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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6207000 USD
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5363000 USD
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287765000 USD
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us-gaap Disposal Group Including Discontinued Operation Revenue
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222780000 USD
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us-gaap Disposal Group Including Discontinued Operation Revenue
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1.25
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3.38
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14560000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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0.001
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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38600000 USD
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33662000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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575946000 USD
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2015Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss
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29486000 USD
CY2015Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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5140000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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7872000 USD
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3482000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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7780000 USD
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47169000 USD
us-gaap General And Administrative Expense
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138594000 USD
CY2016Q3 us-gaap General And Administrative Expense
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49505000 USD
us-gaap General And Administrative Expense
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CY2015Q4 us-gaap Goodwill
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441591000 USD
CY2015Q3 us-gaap Gross Profit
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us-gaap Gross Profit
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CY2016Q3 us-gaap Gross Profit
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us-gaap Gross Profit
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588473000 USD
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141910000 USD
us-gaap Income Loss From Continuing Operations
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414778000 USD
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199009000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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590209000 USD
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201461000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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596253000 USD
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1.08
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1.19
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1.06
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1.16
us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.38
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11528000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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9959000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0.09
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0.08
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
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0.09
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0.09
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
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us-gaap Income Tax Expense Benefit
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193046000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
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59551000 USD
us-gaap Income Tax Expense Benefit
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181475000 USD
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69653000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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206573000 USD
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70511000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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208689000 USD
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290000 USD
us-gaap Income Tax Reconciliation Other Adjustments
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712000 USD
CY2016Q3 us-gaap Income Tax Reconciliation Other Adjustments
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-107000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2015Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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57420000 USD
CY2016Q3 us-gaap Interest Expense
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20381000 USD
us-gaap Interest Expense
InterestExpense
62860000 USD
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CY2016Q3 us-gaap Investments
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15797661000 USD
CY2016Q3 us-gaap Liabilities
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16990648000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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19853213000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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122686552 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124457996 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125788925 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119480642 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120476813 shares

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