2020 Q3 Form 10-Q Financial Statement
#000119312520285413 Filed on November 04, 2020
Income Statement
| Concept | 2020 Q3 | 2019 Q4 | 2019 Q3 |
|---|---|---|---|
| Revenue | $5.937B | $8.122B | $8.687B |
| YoY Change | -31.66% | 3.45% | -10.42% |
| Cost Of Revenue | $5.000B | $6.599B | $7.000B |
| YoY Change | -28.57% | 16.0% | -7.64% |
| Gross Profit | $937.0M | $1.523B | $1.687B |
| YoY Change | -44.46% | -29.56% | -20.35% |
| Gross Profit Margin | 15.78% | 18.75% | 19.42% |
| Selling, General & Admin | $620.0M | $699.0M | $703.0M |
| YoY Change | -11.81% | 8.71% | 7.16% |
| % of Gross Profit | 66.17% | 45.9% | 41.67% |
| Research & Development | $2.000M | $5.000M | $4.000M |
| YoY Change | -50.0% | -16.67% | 0.0% |
| % of Gross Profit | 0.21% | 0.33% | 0.24% |
| Depreciation & Amortization | $409.0M | $397.0M | $419.0M |
| YoY Change | -2.39% | -3.17% | 2.2% |
| % of Gross Profit | 43.65% | 26.07% | 24.84% |
| Operating Expenses | $1.062B | $1.136B | $1.162B |
| YoY Change | -8.61% | 4.6% | 5.93% |
| Operating Profit | -$125.0M | $387.0M | $525.0M |
| YoY Change | -123.81% | -64.03% | -48.58% |
| Interest Expense | $10.00M | -$31.00M | $20.00M |
| YoY Change | -50.0% | -875.0% | -33.33% |
| % of Operating Profit | -8.01% | 3.81% | |
| Other Income/Expense, Net | $0.00 | -$3.000M | $0.00 |
| YoY Change | 0.0% | ||
| Pretax Income | $3.000M | $365.0M | $554.0M |
| YoY Change | -99.46% | -66.39% | -46.0% |
| Income Tax | $0.00 | $94.00M | $130.0M |
| % Of Pretax Income | 0.0% | 25.75% | 23.47% |
| Net Earnings | $3.000M | $271.0M | $424.0M |
| YoY Change | -99.29% | -68.23% | -43.39% |
| Net Earnings / Revenue | 0.05% | 3.34% | 4.88% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $4.087K | $361.3K | $557.9K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q3 | 2019 Q4 | 2019 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $817.0M | $1.718B | $1.531B |
| YoY Change | -46.64% | 73.89% | 33.36% |
| Cash & Equivalents | $817.0M | $1.718B | $1.531B |
| Short-Term Investments | |||
| Other Short-Term Assets | $764.0M | $616.0M | $606.0M |
| YoY Change | 26.07% | 13.86% | 30.6% |
| Inventory | $1.088B | $1.296B | $989.0M |
| Prepaid Expenses | |||
| Receivables | $1.732B | $2.699B | $2.884B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $4.401B | $6.329B | $6.010B |
| YoY Change | -26.77% | 18.19% | 4.83% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $33.58B | $34.20B | $34.52B |
| YoY Change | -2.7% | -0.06% | 0.9% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $458.0M | $595.0M | $637.0M |
| YoY Change | -28.1% | -30.57% | -23.89% |
| Other Assets | $462.0M | $318.0M | $284.0M |
| YoY Change | 62.68% | -61.82% | -66.86% |
| Total Long-Term Assets | $34.98B | $35.86B | $35.90B |
| YoY Change | -2.55% | -0.67% | -0.52% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $4.401B | $6.329B | $6.010B |
| Total Long-Term Assets | $34.98B | $35.86B | $35.90B |
| Total Assets | $39.38B | $42.19B | $41.91B |
| YoY Change | -6.03% | 1.76% | 0.21% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.134B | $4.130B | $3.756B |
| YoY Change | -16.56% | 11.98% | -17.72% |
| Accrued Expenses | $95.00M | $115.0M | $121.0M |
| YoY Change | -21.49% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $111.0M | $111.0M | $75.00M |
| YoY Change | 48.0% | ||
| Long-Term Debt Due | $116.0M | $133.0M | $149.0M |
| YoY Change | -22.15% | -34.16% | -26.24% |
| Total Short-Term Liabilities | $3.456B | $4.595B | $4.137B |
| YoY Change | -16.46% | 16.18% | -13.42% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $4.962B | $4.447B | $4.964B |
| YoY Change | -0.04% | 0.0% | 11.63% |
| Other Long-Term Liabilities | $3.713B | $3.637B | $3.073B |
| YoY Change | 20.83% | 23.58% | -7.83% |
| Total Long-Term Liabilities | $8.675B | $8.084B | $3.073B |
| YoY Change | 182.3% | 9.39% | -60.51% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.456B | $4.595B | $4.137B |
| Total Long-Term Liabilities | $8.675B | $8.084B | $3.073B |
| Total Liabilities | $16.59B | $17.91B | $16.94B |
| YoY Change | -2.08% | 5.56% | -5.03% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $1.357B | $1.375B | $1.391B |
| YoY Change | -2.44% | -4.91% | -5.05% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $22.79B | $24.28B | $24.97B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $39.38B | $42.19B | $41.91B |
| YoY Change | -6.03% | 1.76% | 0.21% |
Cashflow Statement
| Concept | 2020 Q3 | 2019 Q4 | 2019 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $3.000M | $271.0M | $424.0M |
| YoY Change | -99.29% | -68.23% | -43.39% |
| Depreciation, Depletion And Amortization | $409.0M | $397.0M | $419.0M |
| YoY Change | -2.39% | -3.17% | 2.2% |
| Cash From Operating Activities | $875.0M | $1.024B | $1.376B |
| YoY Change | -36.41% | 17.57% | 14.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$142.0M | -$394.0M | -$417.0M |
| YoY Change | -65.95% | -9.63% | 27.52% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $17.00M | -$5.000M | $4.000M |
| YoY Change | 325.0% | -81.48% | -116.0% |
| Cash From Investing Activities | -$125.0M | -$399.0M | -$413.0M |
| YoY Change | -69.73% | -13.82% | 17.33% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -166.0M | -438.0M | -519.0M |
| YoY Change | -68.02% | -22.89% | -10.52% |
| NET CHANGE | |||
| Cash From Operating Activities | 875.0M | 1.024B | 1.376B |
| Cash From Investing Activities | -125.0M | -399.0M | -413.0M |
| Cash From Financing Activities | -166.0M | -438.0M | -519.0M |
| Net Change In Cash | 584.0M | 187.0M | 444.0M |
| YoY Change | 31.53% | -216.88% | 61.45% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $875.0M | $1.024B | $1.376B |
| Capital Expenditures | -$142.0M | -$394.0M | -$417.0M |
| Free Cash Flow | $1.017B | $1.418B | $1.793B |
| YoY Change | -43.28% | 8.49% | 16.88% |
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