2016 Q4 Form 10-Q Financial Statement

#000119312516763784 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $2.967B $3.138B $3.127B
YoY Change -0.8% 0.35% -49.88%
Cost Of Revenue -$1.022B $2.503B $4.559B
YoY Change -71.3% -45.1% -7.04%
Gross Profit -$147.0M $635.0M -$1.432B
YoY Change -88.82% -144.34% -207.27%
Gross Profit Margin -4.95% 20.24% -45.79%
Selling, General & Admin $176.0M $229.0M $261.0M
YoY Change 266.67% -12.26% 7.41%
% of Gross Profit 36.06%
Research & Development $24.00M $30.00M $55.00M
YoY Change -366.67% -45.45% -3.51%
% of Gross Profit 4.72%
Depreciation & Amortization $194.0M $316.0M $318.0M
YoY Change -39.56% -0.63% -8.09%
% of Gross Profit 49.76%
Operating Expenses -$11.00M $259.0M $316.0M
YoY Change -97.24% -18.04% 5.33%
Operating Profit -$136.0M $237.0M -$1.748B
YoY Change -85.15% -113.56% -268.89%
Interest Expense -$65.00M $126.0M $123.0M
YoY Change -25.29% 2.44% -2.38%
% of Operating Profit 53.16%
Other Income/Expense, Net $52.00M $11.00M $15.00M
YoY Change 372.73% -26.67% -165.22%
Pretax Income -$410.0M $122.0M $206.0M
YoY Change -48.62% -40.78% -37.58%
Income Tax $1.126B $56.00M $100.0M
% Of Pretax Income 45.9% 48.54%
Net Earnings -$1.258B $166.0M $44.00M
YoY Change 79.46% 277.27% -70.47%
Net Earnings / Revenue -42.4% 5.29% 1.41%
Basic Earnings Per Share -$2.91 $0.34 $0.06
Diluted Earnings Per Share -$2.91 $0.33 $0.06
COMMON SHARES
Basic Shares Outstanding 438.5M shares 438.0M shares 427.0M shares
Diluted Shares Outstanding 453.0M shares 431.0M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.863B $1.863B $1.739B
YoY Change 36.78% 7.13% -46.85%
Cash & Equivalents $1.863B $1.863B $1.739B
Short-Term Investments
Other Short-Term Assets $325.0M $1.917B $1.100B
YoY Change -88.99% 74.27% 25.86%
Inventory $2.253B $3.455B $3.559B
Prepaid Expenses
Receivables $974.0M $1.675B $1.525B
Other Receivables $477.0M $458.0M $669.0M
Total Short-Term Assets $5.892B $9.368B $8.592B
YoY Change -25.91% 9.03% -11.32%
LONG-TERM ASSETS
Property, Plant & Equipment $5.499B $15.12B $14.75B
YoY Change 1.36% 2.51% -11.75%
Goodwill $5.148B $5.384B $5.443B
YoY Change -1.92% -1.08% 60.61%
Intangibles $988.0M
YoY Change -48.25%
Long-Term Investments $1.020B $1.465B $1.647B
YoY Change -30.89% -11.05% -15.36%
Other Assets $257.0M $3.035B $3.888B
YoY Change -86.78% -21.94% 61.93%
Total Long-Term Assets $14.15B $28.08B $28.00B
YoY Change -50.41% 0.3% 2.05%
TOTAL ASSETS
Total Short-Term Assets $5.892B $9.368B $8.592B
Total Long-Term Assets $14.15B $28.08B $28.00B
Total Assets $20.04B $37.45B $36.59B
YoY Change -45.07% 2.35% -1.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.744B $2.739B $2.734B
YoY Change 15.5% 0.18% -8.22%
Accrued Expenses $551.0M $830.0M $825.0M
YoY Change -5.0% 0.61% -13.25%
Deferred Revenue
YoY Change
Short-Term Debt $40.00M $32.00M $50.00M
YoY Change 5.26% -36.0% -67.95%
Long-Term Debt Due $4.000M $773.0M
YoY Change 33.33%
Total Short-Term Liabilities $2.749B $5.500B $5.147B
YoY Change -47.25% 6.86% -3.87%
LONG-TERM LIABILITIES
Long-Term Debt $8.044B $9.501B $9.091B
YoY Change -8.45% 4.51% 3.34%
Other Long-Term Liabilities $4.104B $8.502B $7.658B
YoY Change -50.84% 11.02% 166.18%
Total Long-Term Liabilities $8.044B $18.00B $16.75B
YoY Change -8.45% 7.49% 482.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.749B $5.500B $5.147B
Total Long-Term Liabilities $8.044B $18.00B $16.75B
Total Liabilities $14.90B $23.50B $21.90B
YoY Change -33.33% 7.34% -0.41%
SHAREHOLDERS EQUITY
Retained Earnings -$1.027B $8.940B $9.553B
YoY Change -111.63% -6.42% 2.99%
Common Stock $438.0M $438.0M $1.391B
YoY Change -68.51% -68.51% 9.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $2.830B
YoY Change -100.0% -9.56%
Treasury Stock Shares 0.000 shares
Shareholders Equity $5.115B $11.78B $12.59B
YoY Change
Total Liabilities & Shareholders Equity $20.04B $37.45B $36.59B
YoY Change -45.07% 2.35% -1.44%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$1.258B $166.0M $44.00M
YoY Change 79.46% 277.27% -70.47%
Depreciation, Depletion And Amortization $194.0M $316.0M $318.0M
YoY Change -39.56% -0.63% -8.09%
Cash From Operating Activities -$113.0M $306.0M $420.0M
YoY Change -113.06% -27.14% 68.67%
INVESTING ACTIVITIES
Capital Expenditures -$311.0M -$286.0M -$268.0M
YoY Change -21.86% 6.72% -5.3%
Acquisitions
YoY Change
Other Investing Activities $823.0M $55.00M $350.0M
YoY Change -1494.92% -84.29% 17400.0%
Cash From Investing Activities $512.0M -$231.0M $82.00M
YoY Change -212.04% -381.71% -129.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -407.0M -143.0M -52.00M
YoY Change 76.96% 175.0% -102.43%
NET CHANGE
Cash From Operating Activities -113.0M 306.0M 420.0M
Cash From Investing Activities 512.0M -231.0M 82.00M
Cash From Financing Activities -407.0M -143.0M -52.00M
Net Change In Cash -8.000M -68.00M 450.0M
YoY Change -104.49% -115.11% -78.65%
FREE CASH FLOW
Cash From Operating Activities -$113.0M $306.0M $420.0M
Capital Expenditures -$311.0M -$286.0M -$268.0M
Free Cash Flow $198.0M $592.0M $688.0M
YoY Change -84.32% -13.95% 29.32%

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