2018 Q4 Form 10-Q Financial Statement

#000000428118000127 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $3.472B $3.524B $3.236B
YoY Change 6.14% 8.9% 3.12%
Cost Of Revenue -$3.438B $2.881B $2.591B
YoY Change -236.43% 11.19% 3.52%
Gross Profit -$326.0M $643.0M $645.0M
YoY Change -143.41% -0.31% 1.57%
Gross Profit Margin -9.39% 18.25% 19.93%
Selling, General & Admin -$93.00M $134.0M $152.0M
YoY Change -168.89% -11.84% -33.62%
% of Gross Profit 20.84% 23.57%
Research & Development -$36.00M $25.00M $24.00M
YoY Change -238.46% 4.17% -20.0%
% of Gross Profit 3.89% 3.72%
Depreciation & Amortization $149.0M $141.0M $140.0M
YoY Change 5.67% 0.71% -55.7%
% of Gross Profit 21.93% 21.71%
Operating Expenses -$242.0M $159.0M $176.0M
YoY Change -180.13% -9.66% -32.05%
Operating Profit -$84.00M $345.0M $310.0M
YoY Change -118.71% 11.29% 30.8%
Interest Expense -$69.00M $88.00M $100.0M
YoY Change -29.59% -12.0% -20.63%
% of Operating Profit 25.51% 32.26%
Other Income/Expense, Net $85.00M -$8.000M -$38.00M
YoY Change -312.5% -78.95% -445.45%
Pretax Income -$214.0M $249.0M $172.0M
YoY Change -52.97% 44.77% 40.98%
Income Tax -$158.0M $88.00M $53.00M
% Of Pretax Income 35.34% 30.81%
Net Earnings $218.0M $161.0M $119.0M
YoY Change -129.99% 35.29% -28.31%
Net Earnings / Revenue 6.28% 4.57% 3.68%
Basic Earnings Per Share $0.45 $0.33 $0.23
Diluted Earnings Per Share $0.44 $0.32 $0.22
COMMON SHARES
Basic Shares Outstanding 483.2M shares 483.0M shares 442.0M shares
Diluted Shares Outstanding 502.0M shares 462.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.277B $1.535B $1.815B
YoY Change 5.91% -15.43% -2.58%
Cash & Equivalents $2.277B $1.535B $1.815B
Short-Term Investments
Other Short-Term Assets $314.0M $317.0M $357.0M
YoY Change -16.04% -11.2% -81.38%
Inventory $2.492B $2.622B $2.453B
Prepaid Expenses
Receivables $1.047B $1.147B $1.150B
Other Receivables $451.0M $511.0M $373.0M
Total Short-Term Assets $6.581B $6.132B $6.148B
YoY Change 3.18% -0.26% -34.37%
LONG-TERM ASSETS
Property, Plant & Equipment $5.704B $5.645B $5.526B
YoY Change 1.97% 2.15% -63.46%
Goodwill $4.186B $4.517B $5.246B
YoY Change -7.7% -13.9% -2.56%
Intangibles $919.0M $954.0M
YoY Change -6.89%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $416.0M $474.0M $1.293B
YoY Change -13.51% -63.34% -57.4%
Total Long-Term Assets $12.11B $12.20B $13.09B
YoY Change -1.85% -6.83% -53.39%
TOTAL ASSETS
Total Short-Term Assets $6.581B $6.132B $6.148B
Total Long-Term Assets $12.11B $12.20B $13.09B
Total Assets $18.69B $18.33B $19.24B
YoY Change -0.13% -4.73% -48.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.129B $2.061B $1.656B
YoY Change 15.77% 24.46% -39.54%
Accrued Expenses $483.0M $456.0M $480.0M
YoY Change -7.65% -5.0% -42.17%
Deferred Revenue
YoY Change
Short-Term Debt $434.0M $42.00M $54.00M
YoY Change 1042.11% -22.22% 68.75%
Long-Term Debt Due $405.0M $3.000M $1.000M
YoY Change 40400.0% 200.0% -99.87%
Total Short-Term Liabilities $3.520B $3.014B $2.677B
YoY Change 24.65% 12.59% -51.33%
LONG-TERM LIABILITIES
Long-Term Debt $5.896B $6.315B $6.802B
YoY Change -13.37% -7.16% -28.41%
Other Long-Term Liabilities $3.692B $3.623B $3.797B
YoY Change -11.34% -4.58% -55.34%
Total Long-Term Liabilities $5.896B $6.315B $6.802B
YoY Change -13.37% -7.16% -62.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.520B $3.014B $2.677B
Total Long-Term Liabilities $5.896B $6.315B $6.802B
Total Liabilities $13.11B $12.95B $13.28B
YoY Change -4.97% -2.44% -43.51%
SHAREHOLDERS EQUITY
Retained Earnings -$358.0M -$943.0M -$519.0M
YoY Change -71.31% 81.7% -105.81%
Common Stock $483.0M $483.0M $442.0M
YoY Change 0.42% 9.28% 0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $5.573B $5.361B $5.948B
YoY Change
Total Liabilities & Shareholders Equity $18.69B $18.33B $19.24B
YoY Change -0.13% -4.73% -48.63%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $218.0M $161.0M $119.0M
YoY Change -129.99% 35.29% -28.31%
Depreciation, Depletion And Amortization $149.0M $141.0M $140.0M
YoY Change 5.67% 0.71% -55.7%
Cash From Operating Activities $426.0M $51.00M -$57.00M
YoY Change 27.54% -189.47% -118.63%
INVESTING ACTIVITIES
Capital Expenditures -$271.0M -$209.0M -$131.0M
YoY Change 14.83% 59.54% -54.2%
Acquisitions
YoY Change
Other Investing Activities $625.0M $274.0M $231.0M
YoY Change 125.63% 18.61% 320.0%
Cash From Investing Activities $354.0M $65.00M $100.0M
YoY Change 763.41% -35.0% -143.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.00M -32.00M -15.00M
YoY Change -11.11% 113.33% -89.51%
NET CHANGE
Cash From Operating Activities 426.0M 51.00M -57.00M
Cash From Investing Activities 354.0M 65.00M 100.0M
Cash From Financing Activities -40.00M -32.00M -15.00M
Net Change In Cash 740.0M 84.00M 28.00M
YoY Change 124.24% 200.0% -141.18%
FREE CASH FLOW
Cash From Operating Activities $426.0M $51.00M -$57.00M
Capital Expenditures -$271.0M -$209.0M -$131.0M
Free Cash Flow $697.0M $260.0M $74.00M
YoY Change 22.28% 251.35% -87.5%

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us-gaap Depreciation And Amortization
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CY2018Q3 us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Depreciation Depletion And Amortization
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410000000 USD
us-gaap Depreciation Depletion And Amortization
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CY2018Q3 us-gaap Dividends Common Stock Cash
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us-gaap Dividends Common Stock Cash
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us-gaap Earnings Per Share Basic
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017Q4 us-gaap Employee Related Liabilities Current
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Disposition Of Assets1
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CY2017Q4 us-gaap Goodwill
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CY2018Q3 us-gaap Goodwill
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us-gaap Goodwill Impairment Loss
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CY2017Q3 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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CY2018Q3 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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172000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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249000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2017Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2018Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2017Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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66000000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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170000000 USD
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us-gaap Income Tax Reconciliation Other Adjustments
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CY2018Q3 us-gaap Income Tax Reconciliation Other Adjustments
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us-gaap Income Tax Reconciliation Other Adjustments
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us-gaap Increase Decrease In Accrued Taxes Payable
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184000000 USD
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33000000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments Of Distributions To Affiliates
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us-gaap Payments Of Distributions To Affiliates
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments Of Ordinary Dividends
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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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CY2017Q2 us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Pension Contributions
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us-gaap Pension Contributions
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us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
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39482000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
664000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
450000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-15000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
15000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
3000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
890000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
9000000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
50000000 USD
us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
514000000 USD
us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
693000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
48000000 USD
CY2018Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
42000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15000000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
119000000 USD
us-gaap Profit Loss
ProfitLoss
653000000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
161000000 USD
us-gaap Profit Loss
ProfitLoss
424000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5594000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5645000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1484000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
952000000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
81000000 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
77000000 USD
CY2017Q3 us-gaap Restricted Cash
RestrictedCash
5000000 USD
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
4000000 USD
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
7000000 USD
CY2017Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
124 position
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
800 position
CY2018Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
85 position
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
125 position
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
19000000 USD
us-gaap Restructuring Charges
RestructuringCharges
118000000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
-2000000 USD
us-gaap Restructuring Charges
RestructuringCharges
20000000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
59000000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
58000000 USD
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
41000000 USD
CY2017 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
1000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1248000000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-943000000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3234000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9685000000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3522000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10575000000 USD
CY2017Q3 us-gaap Revenues
Revenues
3236000000 USD
us-gaap Revenues
Revenues
9689000000 USD
CY2018Q3 us-gaap Revenues
Revenues
3524000000 USD
us-gaap Revenues
Revenues
10542000000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
152000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
569000000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
134000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
464000000 USD
us-gaap Severance Costs1
SeveranceCosts1
7000000 USD
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
38000000 USD
CY2017Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
25000000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
4910000000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
5361000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5141000000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5753000000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5961000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4924000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5218000000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5375000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-16000000 USD
CY2018Q3 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
13000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
75000000 USD
CY2018Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
84000000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
462000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
501000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
502000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
503000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
442000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
441000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
483000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
483000000 shares

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0000004281-18-000127.txt Edgar Link pending
0000004281-18-000127-xbrl.zip Edgar Link pending
arnc-20180930.xml Edgar Link completed
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arnc-20180930_cal.xml Edgar Link unprocessable
arnc-20180930_def.xml Edgar Link unprocessable
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