2018 Q4 Form 10-Q Financial Statement

#000162828018013345 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $416.0M $361.0M $265.5M
YoY Change 4.55% 35.96% 37.07%
Cost Of Revenue $37.12M $78.91M $25.40M
YoY Change 37.98% 210.68% 20.95%
Gross Profit $378.8M $282.0M $240.1M
YoY Change 2.11% 17.47% 39.03%
Gross Profit Margin 91.08% 78.14% 90.43%
Selling, General & Admin $82.68M $94.76M $82.40M
YoY Change -5.83% 15.0% 47.41%
% of Gross Profit 21.83% 33.6% 34.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $133.8M $119.9M $106.7M
YoY Change 21.98% 12.44% 71.23%
% of Gross Profit 35.32% 42.52% 44.42%
Operating Expenses $217.6M $247.4M $215.0M
YoY Change 9.93% 15.06% -38.86%
Operating Profit $156.5M $115.1M $50.48M
YoY Change -9.56% 128.03% -131.95%
Interest Expense -$26.22M $33.25M $27.13M
YoY Change 48.95% 22.57% 112.17%
% of Operating Profit -16.75% 28.89% 53.74%
Other Income/Expense, Net -$1.057M -$18.43M -$29.49M
YoY Change -628.5% -37.51% 988.41%
Pretax Income $134.0M $95.15M $21.00M
YoY Change -13.88% 353.14% -113.07%
Income Tax $0.00 $0.00 $2.763M
% Of Pretax Income 0.0% 0.0% 13.16%
Net Earnings $134.0M $95.15M $18.24M
YoY Change -14.39% 421.8% -111.59%
Net Earnings / Revenue 32.22% 26.36% 6.87%
Basic Earnings Per Share $0.78 $0.55 $0.10
Diluted Earnings Per Share $0.78 $0.55 $0.10
COMMON SHARES
Basic Shares Outstanding 173.3M shares 173.1M shares 183.0M shares
Diluted Shares Outstanding 173.3M shares 183.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.30M $124.6M $125.3M
YoY Change -47.49% -0.58% -65.61%
Cash & Equivalents $52.30M $124.6M $125.3M
Short-Term Investments
Other Short-Term Assets $31.37M $29.55M $41.00M
YoY Change -62.52% -27.92% -18.16%
Inventory
Prepaid Expenses
Receivables $210.2M $157.4M $180.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $316.4M $351.1M $346.7M
YoY Change -13.45% 1.26% -36.06%
LONG-TERM ASSETS
Property, Plant & Equipment $5.479B $5.523B $4.908B
YoY Change 7.39% 12.54% 117.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $236.1M $232.5M $279.3M
YoY Change -21.84% -16.74% 11.13%
Other Assets $13.80M $17.04M $18.99M
YoY Change -30.34% -10.26% 244.43%
Total Long-Term Assets $5.735B $5.784B $5.231B
YoY Change 5.37% 10.58% 106.46%
TOTAL ASSETS
Total Short-Term Assets $316.4M $351.1M $346.7M
Total Long-Term Assets $5.735B $5.784B $5.231B
Total Assets $6.051B $6.135B $5.578B
YoY Change 4.19% 10.0% 81.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $518.4M $582.5M $582.9M
YoY Change -6.36% -0.07% 91.55%
Accrued Expenses $0.00 $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $651.0K $647.0K $570.0K
YoY Change 4.66% 13.51% 159.09%
Total Short-Term Liabilities $539.4M $645.8M $612.8M
YoY Change -8.09% 5.39% 79.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.087B $2.101B $1.958B
YoY Change 2.38% 7.29% 103.75%
Other Long-Term Liabilities $0.00 $0.00 $64.00M
YoY Change -100.0% -100.0% 33.89%
Total Long-Term Liabilities $2.087B $2.101B $1.958B
YoY Change 2.23% 7.29% 103.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $539.4M $645.8M $612.8M
Total Long-Term Liabilities $2.087B $2.101B $1.958B
Total Liabilities $2.723B $2.843B $2.635B
YoY Change 0.63% 7.9% 95.08%
SHAREHOLDERS EQUITY
Retained Earnings -$845.4M -$979.4M -$1.432B
YoY Change -33.74% -31.63% -2.6%
Common Stock $1.630M $1.732M $1.831M
YoY Change -10.98% -5.41% 46.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.328B $3.292B $2.943B
YoY Change
Total Liabilities & Shareholders Equity $6.051B $6.135B $5.578B
YoY Change 4.19% 10.0% 81.34%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $134.0M $95.15M $18.24M
YoY Change -14.39% 421.8% -111.59%
Depreciation, Depletion And Amortization $133.8M $119.9M $106.7M
YoY Change 21.98% 12.44% 71.23%
Cash From Operating Activities $155.5M $219.8M $205.0M
YoY Change -17.39% 7.22% 99.81%
INVESTING ACTIVITIES
Capital Expenditures -$122.7M -$198.2M -$334.9M
YoY Change -57.27% -40.81% 75.62%
Acquisitions
YoY Change
Other Investing Activities $427.0K $4.152M -$17.00M
YoY Change -107.76% -124.42% -133.07%
Cash From Investing Activities -$122.3M -$194.1M -$351.9M
YoY Change -58.22% -44.85% 152.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.5M -20.30M 154.4M
YoY Change -233.66% -113.15% 3331.11%
NET CHANGE
Cash From Operating Activities 155.5M 219.8M 205.0M
Cash From Investing Activities -122.3M -194.1M -351.9M
Cash From Financing Activities -105.5M -20.30M 154.4M
Net Change In Cash -72.27M 5.414M 7.500M
YoY Change 182.32% -27.81% -123.29%
FREE CASH FLOW
Cash From Operating Activities $155.5M $219.8M $205.0M
Capital Expenditures -$122.7M -$198.2M -$334.9M
Free Cash Flow $278.2M $418.0M $539.9M
YoY Change -41.48% -22.57% 84.08%

Facts In Submission

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22199000 USD
CY2018Q3 us-gaap Derivative Liability Not Offset Policy Election Deduction
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17053000 USD
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0 USD
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0 USD
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79000 USD
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0 USD
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0 USD
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1336604000 USD
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232529000 USD
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141588000 USD
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0 USD
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0 USD
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us-gaap Gain Loss Related To Litigation Settlement
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us-gaap General And Administrative Expense
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20998000 USD
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281389000 USD
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95150000 USD
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296490000 USD
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35040000 USD
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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79000 USD
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5665000 USD
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us-gaap Increase Decrease In Prepaid Expense
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4830000 USD
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us-gaap Insurance Recoveries
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5807752000 USD
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18235000 USD
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278626000 USD
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95150000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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296559000 USD
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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278626000 USD
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95150000 USD
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296559000 USD
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us-gaap Nonoperating Income Expense
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CY2018Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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50483000 USD
us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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12719000 USD
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3052000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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6832000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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12719000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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3052000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Loan Costs
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us-gaap Payments To Acquire Oil And Gas Property
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CY2018Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
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446000 USD
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2951000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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365000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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225000000 USD
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4079000 USD
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658000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Share Based Compensation
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2017Q4 us-gaap Stockholders Equity
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CY2018Q3 us-gaap Stockholders Equity
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CY2017Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
5419000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
14464000 USD
CY2018Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
9348000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
23861000 USD
CY2017Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2018Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
129692000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-106373000 USD
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
51020 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
394001 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
247376 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
664149 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183008436 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179130570 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173304914 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176440461 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182957416 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178736569 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
173057538 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175776312 shares

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