2019 Q3 Form 10-Q Financial Statement
#000119312519285686 Filed on November 06, 2019
Income Statement
| Concept | 2019 Q3 | 2018 Q4 | 2018 Q3 |
|---|---|---|---|
| Revenue | $8.687B | $7.851B | $9.697B |
| YoY Change | -10.42% | -2.45% | 35.57% |
| Cost Of Revenue | $7.000B | $5.689B | $7.579B |
| YoY Change | -7.64% | -10.82% | 35.61% |
| Gross Profit | $1.687B | $2.162B | $2.118B |
| YoY Change | -20.35% | 29.54% | 35.42% |
| Gross Profit Margin | 19.42% | 27.54% | 21.84% |
| Selling, General & Admin | $703.0M | $643.0M | $656.0M |
| YoY Change | 7.16% | -6.4% | -0.15% |
| % of Gross Profit | 41.67% | 29.74% | 30.97% |
| Research & Development | $4.000M | $6.000M | $4.000M |
| YoY Change | 0.0% | -96.1% | -42.86% |
| % of Gross Profit | 0.24% | 0.28% | 0.19% |
| Depreciation & Amortization | $419.0M | $410.0M | $410.0M |
| YoY Change | 2.2% | -60.46% | 4.86% |
| % of Gross Profit | 24.84% | 18.96% | 19.36% |
| Operating Expenses | $1.162B | $1.086B | $1.097B |
| YoY Change | 5.93% | -42.17% | 3.98% |
| Operating Profit | $525.0M | $1.076B | $1.021B |
| YoY Change | -48.58% | -614.83% | 100.59% |
| Interest Expense | $20.00M | $4.000M | $30.00M |
| YoY Change | -33.33% | -42.86% | -276.47% |
| % of Operating Profit | 3.81% | 0.37% | 2.94% |
| Other Income/Expense, Net | $0.00 | -$3.000M | $0.00 |
| YoY Change | -62.5% | -100.0% | |
| Pretax Income | $554.0M | $1.086B | $1.026B |
| YoY Change | -46.0% | -619.62% | 106.85% |
| Income Tax | $130.0M | $233.0M | $277.0M |
| % Of Pretax Income | 23.47% | 21.45% | 27.0% |
| Net Earnings | $424.0M | $853.0M | $749.0M |
| YoY Change | -43.39% | -722.63% | 101.89% |
| Net Earnings / Revenue | 4.88% | 10.86% | 7.72% |
| Basic Earnings Per Share | $0.94 | ||
| Diluted Earnings Per Share | $557.9K | $1.080M | $0.94 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 797.6M shares | ||
| Diluted Shares Outstanding | 800.5M shares |
Balance Sheet
| Concept | 2019 Q3 | 2018 Q4 | 2018 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.531B | $988.0M | $1.148B |
| YoY Change | 33.36% | -17.32% | 37.82% |
| Cash & Equivalents | $1.531B | $988.0M | $1.148B |
| Short-Term Investments | |||
| Other Short-Term Assets | $606.0M | $541.0M | $464.0M |
| YoY Change | 30.6% | 27.29% | 5.22% |
| Inventory | $989.0M | $1.297B | $1.392B |
| Prepaid Expenses | |||
| Receivables | $2.884B | $2.529B | $2.729B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $6.010B | $5.355B | $5.733B |
| YoY Change | 4.83% | -0.96% | 37.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $34.52B | $34.23B | $34.21B |
| YoY Change | 0.9% | -0.72% | -3.9% |
| Goodwill | $186.0M | $186.0M | |
| YoY Change | 0.0% | 0.0% | |
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $637.0M | $857.0M | $837.0M |
| YoY Change | -23.89% | -0.92% | -10.1% |
| Other Assets | $284.0M | $833.0M | $857.0M |
| YoY Change | -66.86% | 24.33% | 72.09% |
| Total Long-Term Assets | $35.90B | $36.10B | $36.09B |
| YoY Change | -0.52% | -0.26% | -3.02% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $6.010B | $5.355B | $5.733B |
| Total Long-Term Assets | $35.90B | $36.10B | $36.09B |
| Total Assets | $41.91B | $41.46B | $41.82B |
| YoY Change | 0.21% | -0.35% | 1.09% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.756B | $3.688B | $4.565B |
| YoY Change | -17.72% | 7.21% | 50.12% |
| Accrued Expenses | $121.0M | ||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $75.00M | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $149.0M | $202.0M | $202.0M |
| YoY Change | -26.24% | 0.0% | 0.0% |
| Total Short-Term Liabilities | $4.137B | $3.955B | $4.778B |
| YoY Change | -13.42% | -4.38% | 44.7% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $4.964B | $4.447B | $4.447B |
| YoY Change | 11.63% | 0.0% | 0.0% |
| Other Long-Term Liabilities | $3.073B | $2.943B | $3.334B |
| YoY Change | -7.83% | -22.14% | -9.84% |
| Total Long-Term Liabilities | $3.073B | $7.390B | $7.781B |
| YoY Change | -60.51% | -10.17% | -4.47% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.137B | $3.955B | $4.778B |
| Total Long-Term Liabilities | $3.073B | $7.390B | $7.781B |
| Total Liabilities | $16.94B | $16.97B | $17.84B |
| YoY Change | -5.03% | -1.16% | 9.12% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $24.56B | $24.25B | |
| YoY Change | -0.62% | -3.87% | |
| Common Stock | $1.391B | $1.446B | $1.465B |
| YoY Change | -5.05% | -5.86% | -5.3% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $24.97B | $24.49B | $23.98B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $41.91B | $41.46B | $41.82B |
| YoY Change | 0.21% | -0.35% | 1.09% |
Cashflow Statement
| Concept | 2019 Q3 | 2018 Q4 | 2018 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $424.0M | $853.0M | $749.0M |
| YoY Change | -43.39% | -722.63% | 101.89% |
| Depreciation, Depletion And Amortization | $419.0M | $410.0M | $410.0M |
| YoY Change | 2.2% | -60.46% | 4.86% |
| Cash From Operating Activities | $1.376B | $871.0M | $1.207B |
| YoY Change | 14.0% | -19.35% | 44.21% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$417.0M | -$436.0M | -$327.0M |
| YoY Change | 27.52% | 40.65% | 35.68% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $4.000M | -$27.00M | -$25.00M |
| YoY Change | -116.0% | 58.82% | -457.14% |
| Cash From Investing Activities | -$413.0M | -$463.0M | -$352.0M |
| YoY Change | 17.33% | 41.59% | 50.43% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $418.0M | ||
| YoY Change | 67.2% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -519.0M | -568.0M | -580.0M |
| YoY Change | -10.52% | 45.27% | 47.58% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.376B | 871.0M | 1.207B |
| Cash From Investing Activities | -413.0M | -463.0M | -352.0M |
| Cash From Financing Activities | -519.0M | -568.0M | -580.0M |
| Net Change In Cash | 444.0M | -160.0M | 275.0M |
| YoY Change | 61.45% | -144.2% | 30.95% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.376B | $871.0M | $1.207B |
| Capital Expenditures | -$417.0M | -$436.0M | -$327.0M |
| Free Cash Flow | $1.793B | $1.307B | $1.534B |
| YoY Change | 16.88% | -5.97% | 42.3% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="text-align: left; font-family: Arial; font-size: 13pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">13. Recently issued accounting standards </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Effective January 1, 2020, Imperial will adopt the Financial Accounting Standards Board’s update, <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Financial Instruments - Credit Losses (Topic 326)</div></div>, as amended. <div style="font-size: 10pt; line-height: 115%; font-family: Arial, sans-serif; letter-spacing: 0px; top: 0px;;display:inline;">The standard requires a valuation allowance for credit losses be recognized for certain financial assets that reflects the current expected credit loss over the asset’s contractual life. The valuation allowance considers the risk of loss, even if remote and considers past events, current conditions and expectations of the future. The company does not expect a material change in the credit allowance for trade receivables and continues to evaluate the impact on other financial assets in scope of the standard</div>.</div> | ||
| dei |
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