2020 Q1 Form 10-Q Financial Statement
#000119312520135038 Filed on May 06, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| Revenue | $1.809B | $2.204B |
| YoY Change | -17.92% | 4.21% |
| Cost Of Revenue | $1.301B | |
| YoY Change | -0.76% | |
| Gross Profit | $903.0M | |
| YoY Change | 12.31% | |
| Gross Profit Margin | 40.97% | |
| Selling, General & Admin | $237.0M | $251.0M |
| YoY Change | -5.58% | 4.58% |
| % of Gross Profit | 27.8% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $116.0M | $91.00M |
| YoY Change | 27.47% | -12.5% |
| % of Gross Profit | 10.08% | |
| Operating Expenses | $1.823B | $251.0M |
| YoY Change | 626.29% | 4.58% |
| Operating Profit | $121.0M | |
| YoY Change | -3.2% | |
| Interest Expense | -$51.00M | $72.00M |
| YoY Change | -170.83% | -5.26% |
| % of Operating Profit | 59.5% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$65.00M | $342.0M |
| YoY Change | -119.01% | 50.0% |
| Income Tax | -$5.000M | $112.0M |
| % Of Pretax Income | 32.75% | |
| Net Earnings | -$72.00M | $174.0M |
| YoY Change | -141.38% | 55.36% |
| Net Earnings / Revenue | -3.98% | 7.89% |
| Basic Earnings Per Share | -$0.13 | $0.35 |
| Diluted Earnings Per Share | -$0.13 | $0.34 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 501.2M | |
| Diluted Shares Outstanding | 504.3M | 508.6M |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $2.483B | $2.221B |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $60.00M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $69.57B | $72.00B |
| YoY Change | -3.37% | 0.63% |
| Other Assets | $319.0M | $573.0M |
| YoY Change | -44.33% | -4.82% |
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $98.84B | $102.2B |
| YoY Change | -3.27% | -1.53% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $63.00M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $63.00M | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.851B | $4.346B |
| YoY Change | -34.4% | -13.01% |
| Other Long-Term Liabilities | $2.811B | $2.350B |
| YoY Change | 19.62% | -6.15% |
| Total Long-Term Liabilities | $5.662B | $6.696B |
| YoY Change | -15.44% | -10.72% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $63.00M | |
| Total Long-Term Liabilities | $5.662B | $6.696B |
| Total Liabilities | $84.40B | $87.31B |
| YoY Change | -3.33% | -1.81% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $1.292B | |
| YoY Change | 16.29% | |
| Common Stock | $1.000M | |
| YoY Change | 0.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $2.700B | |
| YoY Change | 0.0% | |
| Treasury Stock Shares | $88.00M | |
| Shareholders Equity | $14.45B | $13.07B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $98.84B | $102.2B |
| YoY Change | -3.27% | -1.53% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$72.00M | $174.0M |
| YoY Change | -141.38% | 55.36% |
| Depreciation, Depletion And Amortization | $116.0M | $91.00M |
| YoY Change | 27.47% | -12.5% |
| Cash From Operating Activities | $680.0M | $134.0M |
| YoY Change | 407.46% | 22.94% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$551.0M | -$17.00M |
| YoY Change | 3141.18% | -83.65% |
| Cash From Investing Activities | -$551.0M | $277.0M |
| YoY Change | -298.92% | -265.87% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -957.0M | -375.0M |
| YoY Change | 155.2% | -897.87% |
| NET CHANGE | ||
| Cash From Operating Activities | 680.0M | 134.0M |
| Cash From Investing Activities | -551.0M | 277.0M |
| Cash From Financing Activities | -957.0M | -375.0M |
| Net Change In Cash | -828.0M | 44.00M |
| YoY Change | -1981.82% | -237.5% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $680.0M | $134.0M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
504300000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
508600000 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | |
| CY2020Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-105000000 | |
| CY2019Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-12000000 | |
| CY2020Q1 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
4957000000 | |
| CY2019Q4 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
6676000000 | |
| CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2851000000 | |
| CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3277000000 | |
| CY2020Q1 | gnw |
Effective Income Tax Rate Reconciliation Swaps Terminated Prior To Tax Cuts And Jobs Act
EffectiveIncomeTaxRateReconciliationSwapsTerminatedPriorToTaxCutsAndJobsAct
|
-0.067 | |
| CY2020Q1 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
| CY2019Q4 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
| CY2020Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
150000000 | |
| CY2020Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
200000000 | |
| CY2019Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
103000000 | |
| CY2019Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
30000000 | |
| CY2019Q1 | gnw |
Effective Income Tax Rate Reconciliation Swaps Terminated Prior To Tax Cuts And Jobs Act
EffectiveIncomeTaxRateReconciliationSwapsTerminatedPriorToTaxCutsAndJobsAct
|
0.046 | |
| CY2020Q1 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
-115000000 | |
| CY2019Q1 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
71000000 |
