2017 Q2 Form 10-Q Financial Statement

#000035470717000061 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $632.3M $566.2M
YoY Change 11.66% -9.24%
Cost Of Revenue $554.5M $480.8M
YoY Change 15.33% -12.77%
Gross Profit $77.80M $85.50M
YoY Change -9.01% 17.61%
Gross Profit Margin 12.3% 15.1%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.00M $48.50M
YoY Change 3.09% 5.9%
% of Gross Profit 64.27% 56.73%
Operating Expenses $0.00 $0.00
YoY Change
Operating Profit $77.80M $85.46M
YoY Change -8.96% 17.5%
Interest Expense -$16.30M -$14.50M
YoY Change 12.41% -11.04%
% of Operating Profit -20.95% -16.97%
Other Income/Expense, Net -$1.900M
YoY Change
Pretax Income $59.63M $70.91M
YoY Change -15.91% 25.73%
Income Tax $20.49M $26.31M
% Of Pretax Income 34.37% 37.1%
Net Earnings $39.13M $44.60M
YoY Change -12.26% 25.67%
Net Earnings / Revenue 6.19% 7.88%
Basic Earnings Per Share $0.36 $0.41
Diluted Earnings Per Share $0.36 $0.41
COMMON SHARES
Basic Shares Outstanding 108.8M shares 108.0M shares
Diluted Shares Outstanding 108.8M shares 108.1M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.0M $257.0M
YoY Change -18.29% -14.62%
Cash & Equivalents $210.4M $257.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $250.0M $224.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $460.0M $481.0M
YoY Change -4.37% -15.61%
LONG-TERM ASSETS
Property, Plant & Equipment $4.727B $4.483B
YoY Change 5.43% 5.01%
Goodwill $82.19M $82.19M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.315B $905.0M
YoY Change 45.3% 28.55%
Other Assets
YoY Change
Total Long-Term Assets $12.23B $11.50B
YoY Change 6.4% 5.78%
TOTAL ASSETS
Total Short-Term Assets $460.0M $481.0M
Total Long-Term Assets $12.23B $11.50B
Total Assets $12.69B $11.98B
YoY Change 5.97% 4.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $195.0M $130.0M
YoY Change 50.0% -28.96%
Accrued Expenses $22.00M $23.00M
YoY Change -4.35% -8.0%
Deferred Revenue
YoY Change
Short-Term Debt $50.00M $116.0M
YoY Change -56.9% -7.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $267.0M $269.0M
YoY Change -0.74% -19.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.807B $1.852B
YoY Change -2.43% 1.7%
Other Long-Term Liabilities $7.761B $7.145B
YoY Change 8.62% 6.32%
Total Long-Term Liabilities $9.568B $8.997B
YoY Change 6.35% 5.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $267.0M $269.0M
Total Long-Term Liabilities $9.568B $8.997B
Total Liabilities $10.58B $9.979B
YoY Change 6.07% 4.96%
SHAREHOLDERS EQUITY
Retained Earnings $444.4M $334.4M
YoY Change 32.9% 12.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.075B $1.966B
YoY Change
Total Liabilities & Shareholders Equity $12.69B $11.98B
YoY Change 5.97% 4.72%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $39.13M $44.60M
YoY Change -12.26% 25.67%
Depreciation, Depletion And Amortization $50.00M $48.50M
YoY Change 3.09% 5.9%
Cash From Operating Activities $127.1M $54.80M
YoY Change 131.93% 83.89%
INVESTING ACTIVITIES
Capital Expenditures -$119.1M -$75.80M
YoY Change 57.12% -9.0%
Acquisitions
YoY Change
Other Investing Activities -$84.00M -$94.00M
YoY Change -10.64% 66.37%
Cash From Investing Activities -$203.0M -$169.7M
YoY Change 19.62% 21.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.00M 37.40M
YoY Change 39.04% -68.41%
NET CHANGE
Cash From Operating Activities 127.1M 54.80M
Cash From Investing Activities -203.0M -169.7M
Cash From Financing Activities 52.00M 37.40M
Net Change In Cash -23.90M -77.50M
YoY Change -69.16% -1022.62%
FREE CASH FLOW
Cash From Operating Activities $127.1M $54.80M
Capital Expenditures -$119.1M -$75.80M
Free Cash Flow $246.2M $130.6M
YoY Change 88.51% 15.47%

Facts In Submission

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29849000 USD
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29452000 USD
CY2017Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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9992000 USD
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9993000 USD
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1109613000 USD
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1100876000 USD
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202010000 USD
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16400000 USD
us-gaap Available For Sale Securities Gross Realized Gains
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600000 USD
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0 USD
us-gaap Available For Sale Securities Gross Realized Losses
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0 USD
CY2016Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
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106 issue
CY2017Q2 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
114 issue
CY2016Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
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14 issue
CY2017Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
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14 issue
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257208000 USD
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278452000 USD
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210381000 USD
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-43270000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2016Q4 us-gaap Commitments And Contingencies
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CY2017Q2 us-gaap Commitments And Contingencies
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0.31
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us-gaap Common Stock Dividends Per Share Declared
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200000000 shares
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200000000 shares
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1660403000 USD
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46236000 USD
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41031000 USD
us-gaap Comprehensive Income Net Of Tax
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76209000 USD
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543525000 USD
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543204000 USD
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480789000 USD
us-gaap Costs And Expenses
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962898000 USD
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0.34
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556385000 USD
us-gaap Costs And Expenses
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1080085000 USD
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21738000 USD
us-gaap Deferred Income Tax Expense Benefit
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17047000 USD
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750413000 USD
CY2016 us-gaap Defined Benefit Plan Benefits Paid
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2000000 USD
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2000000 USD
us-gaap Defined Contribution Plan Cost Recognized
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2800000 USD
us-gaap Defined Contribution Plan Cost Recognized
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3300000 USD
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5548929000 USD
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5724386000 USD
us-gaap Depreciation
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97148000 USD
us-gaap Depreciation
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100062000 USD
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66000 USD
us-gaap Derivative Gain Loss On Derivative Net
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174000 USD
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1000 USD
us-gaap Derivative Gain Loss On Derivative Net
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0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
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EarningsPerShareBasic
0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
us-gaap Earnings Per Share Diluted
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us-gaap Effective Income Tax Rate Continuing Operations
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0.37
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.34
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400000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
700000 USD
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
800000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1200000 USD
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CY2016Q4 us-gaap Federal Home Loan Bank Stock
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11218000 USD
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CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
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51450000 USD
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53227000 USD
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4083000 USD
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3129000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
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FinancingReceivableAllowanceForCreditLossesRecovery
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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4713655000 USD
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23383000 USD
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0 USD
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0 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Current
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CY2016Q4 us-gaap Goodwill
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183000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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148000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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278000 USD
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23200000 USD
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18725000 USD
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37610000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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36893000 USD
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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271000 USD
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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891000 USD
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19840000 USD
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122037000 USD
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111208000 USD
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us-gaap Income Tax Expense Benefit
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37408000 USD
us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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18878000 USD
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33922000 USD
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11752000 USD
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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12394000 USD
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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187000 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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47000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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157000 shares
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us-gaap Interest Costs Capitalized Adjustment
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1143000 USD
us-gaap Interest Costs Capitalized Adjustment
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2032000 USD
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CY2017Q2 us-gaap Liabilities
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us-gaap Net Income Loss Available To Common Stockholders Basic
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76480000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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12425506000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12693805000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
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55533000 USD
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LoansAndLeasesReceivableAllowance
56356000 USD
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4743619000 USD
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LoansAndLeasesReceivableGrossCarryingAmount
4747756000 USD
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4683160000 USD
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LoansAndLeasesReceivableNetReportedAmount
4688278000 USD
CY2016Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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18817000 USD
CY2017Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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5261000 USD
CY2016Q4 us-gaap Long Term Debt
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P30Y
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115873000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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145348000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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225843000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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186023000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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44128000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38661000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72854000 USD
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