2016 Q4 Form 10-Q Financial Statement

#000158568916000221 Filed on October 26, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.839B $1.867B $1.847B
YoY Change 1.55% 1.08% -30.14%
Cost Of Revenue $368.0M $1.070B $1.063B
YoY Change -60.73% 0.66% 17.33%
Gross Profit $665.0M $797.0M $1.832B
YoY Change -129.95% -56.5% 5.41%
Gross Profit Margin 36.16% 42.69% 99.19%
Selling, General & Admin $420.0M $432.0M $1.162B
YoY Change -126.28% -62.82% 2.47%
% of Gross Profit 63.16% 54.2% 63.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $164.0M $169.0M $171.0M
YoY Change -5.2% -1.17% 7.55%
% of Gross Profit 24.66% 21.2% 9.33%
Operating Expenses $527.0M $532.0M $1.333B
YoY Change -131.31% -60.09% 3.09%
Operating Profit $244.0M $265.0M $391.0M
YoY Change 5.63% -32.23% -12.13%
Interest Expense -$28.00M $97.00M $138.0M
YoY Change -2900.0% -29.71% -11.54%
% of Operating Profit -11.48% 36.6% 35.29%
Other Income/Expense, Net $17.00M $10.00M $1.000M
YoY Change -70.18% 900.0% -95.83%
Pretax Income $149.0M $158.0M $530.0M
YoY Change -123.95% -70.19% 68.79%
Income Tax $546.0M $69.00M $247.0M
% Of Pretax Income 366.44% 43.67% 46.6%
Net Earnings -$387.0M $187.0M $279.0M
YoY Change -147.54% -32.97% 52.46%
Net Earnings / Revenue -21.04% 10.02% 15.11%
Basic Earnings Per Share -$1.18 $0.57 $0.85
Diluted Earnings Per Share -$1.18 $0.57 $0.85
COMMON SHARES
Basic Shares Outstanding 989.8M shares 329.0M shares 987.0M shares
Diluted Shares Outstanding 331.0M shares 989.0M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.062B $859.0M $628.0M
YoY Change 74.38% 36.78% 15.65%
Cash & Equivalents $1.062B $859.0M $628.0M
Short-Term Investments
Other Short-Term Assets $39.00M $48.00M $38.00M
YoY Change 11.43% 26.32% -32.14%
Inventory $541.0M $508.0M $430.0M
Prepaid Expenses $89.00M $171.0M $182.0M
Receivables $755.0M $1.021B $929.0M
Other Receivables $13.00M $145.0M $143.0M
Total Short-Term Assets $3.557B $3.024B $2.646B
YoY Change 37.6% 14.29% 9.61%
LONG-TERM ASSETS
Property, Plant & Equipment $341.0M $9.020B $9.132B
YoY Change -17.03% -1.23% 0.09%
Goodwill $5.218B $5.855B $5.902B
YoY Change -1.17% -0.8% -4.58%
Intangibles $1.410B
YoY Change -18.73%
Long-Term Investments $105.0M $123.0M $145.0M
YoY Change -18.6% -15.17% -7.64%
Other Assets $408.0M $359.0M $368.0M
YoY Change 22.89% -2.45% -5.64%
Total Long-Term Assets $22.65B $22.85B $23.29B
YoY Change -1.66% -1.89% -2.61%
TOTAL ASSETS
Total Short-Term Assets $3.557B $3.024B $2.646B
Total Long-Term Assets $22.65B $22.85B $23.29B
Total Assets $26.21B $25.87B $25.93B
YoY Change 2.3% -0.24% -1.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $314.0M $2.354B $2.261B
YoY Change 17.16% 4.11% 12.88%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.00M $181.0M $248.0M
YoY Change -83.82% -27.02% 95.28%
Total Short-Term Liabilities $2.684B $2.598B $2.558B
YoY Change 8.88% 1.56% 19.53%
LONG-TERM LIABILITIES
Long-Term Debt $6.583B $10.22B $10.57B
YoY Change -35.77% -3.29% -11.47%
Other Long-Term Liabilities $1.492B $1.126B $1.238B
YoY Change 17.94% -9.05% 5.0%
Total Long-Term Liabilities $1.492B $1.126B $1.238B
YoY Change 17.94% -9.05% 5.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.684B $2.598B $2.558B
Total Long-Term Liabilities $1.492B $1.126B $1.238B
Total Liabilities $20.36B $19.38B $20.75B
YoY Change 3.51% -6.61% -3.81%
SHAREHOLDERS EQUITY
Retained Earnings -$3.323B -$2.866B -$4.137B
YoY Change -2.03% -30.72% -14.1%
Common Stock $3.000M $10.00M $10.00M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 9.589K shares
Shareholders Equity $5.899B $6.516B $5.214B
YoY Change
Total Liabilities & Shareholders Equity $26.21B $25.87B $25.93B
YoY Change 2.3% -0.24% -1.49%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$387.0M $187.0M $279.0M
YoY Change -147.54% -32.97% 52.46%
Depreciation, Depletion And Amortization $164.0M $169.0M $171.0M
YoY Change -5.2% -1.17% 7.55%
Cash From Operating Activities $341.0M $295.0M $343.0M
YoY Change -25.05% -13.99% -11.37%
INVESTING ACTIVITIES
Capital Expenditures -$80.00M -$96.00M -$78.00M
YoY Change -38.46% 23.08% -35.0%
Acquisitions
YoY Change
Other Investing Activities $3.000M -$14.00M $335.0M
YoY Change -89.66% -104.18% 717.07%
Cash From Investing Activities -$77.00M -$110.0M $257.0M
YoY Change -23.76% -142.8% -425.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 311.0M -136.0M -475.0M
YoY Change -195.4% -71.37% 57.28%
NET CHANGE
Cash From Operating Activities 341.0M 295.0M 343.0M
Cash From Investing Activities -77.00M -110.0M 257.0M
Cash From Financing Activities 311.0M -136.0M -475.0M
Net Change In Cash 575.0M 49.00M 125.0M
YoY Change 1953.57% -60.8% 1983.33%
FREE CASH FLOW
Cash From Operating Activities $341.0M $295.0M $343.0M
Capital Expenditures -$80.00M -$96.00M -$78.00M
Free Cash Flow $421.0M $391.0M $421.0M
YoY Change -28.03% -7.13% -16.96%

Facts In Submission

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us-gaap Payments Of Dividends
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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5000000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Software
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38000000 USD
us-gaap Payments To Acquire Software
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us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
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CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2016Q3 us-gaap Preferred Stock Shares Issued
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CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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CY2016Q3 us-gaap Preferred Stock Shares Outstanding
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CY2015Q4 us-gaap Preferred Stock Value
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CY2016Q3 us-gaap Preferred Stock Value
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CY2015Q4 us-gaap Prepaid Expense Current
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CY2016Q3 us-gaap Prepaid Expense Current
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us-gaap Proceeds From Collection Of Notes Receivable
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us-gaap Proceeds From Collection Of Notes Receivable
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2000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
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us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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2197000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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1000000 USD
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283000000 USD
us-gaap Profit Loss
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600000000 USD
CY2016Q3 us-gaap Profit Loss
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192000000 USD
us-gaap Profit Loss
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CY2016Q3 us-gaap Property Plant And Equipment Gross
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CY2015Q4 us-gaap Property Plant And Equipment Net
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us-gaap Provision For Loan Losses Expensed
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us-gaap Provision For Loan Losses Expensed
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2015Q3 us-gaap Reimbursement Revenue
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us-gaap Reimbursement Revenue
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CY2016Q3 us-gaap Reimbursement Revenue
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us-gaap Reimbursement Revenue
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us-gaap Repayments Of Debt And Capital Lease Obligations
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us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q3 us-gaap Revenue From Owned Hotels
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us-gaap Revenue From Owned Hotels
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us-gaap Revenue From Owned Hotels
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CY2015Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Share Based Compensation
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114000000 USD
us-gaap Share Based Compensation
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us-gaap Stock Granted During Period Value Sharebased Compensation
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106000000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q3 us-gaap Stockholders Equity
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5180000000 USD
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us-gaap Time Share Costs
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us-gaap Time Share Revenue
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us-gaap Time Share Revenue
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106000000 USD
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us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
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27000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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CY2016Q3 us-gaap Unrecognized Tax Benefits
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248000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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27000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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26000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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377000000 USD
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208000000 USD
CY2015Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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989000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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991000000 shares
CY2015Q3 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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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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988000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
988000000 shares

Files In Submission

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