2018 Q2 Form 10-Q Financial Statement

#000005143418000034 Filed on August 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $5.833B $5.383B
YoY Change 8.36% 9.54%
Cost Of Revenue $3.922B $3.749B
YoY Change 4.61% -8.83%
Gross Profit $1.911B $1.634B
YoY Change 16.95% 103.74%
Gross Profit Margin 32.76% 30.35%
Selling, General & Admin $12.00M $393.0M
YoY Change -96.95% 1.81%
% of Gross Profit 0.63% 24.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $330.0M $334.0M
YoY Change -1.2% 10.96%
% of Gross Profit 17.27% 20.44%
Operating Expenses $12.00M $393.0M
YoY Change -96.95% 1.81%
Operating Profit $697.0M $157.0M
YoY Change 343.95% -74.96%
Interest Expense $183.0M $186.0M
YoY Change -1.61% 8.14%
% of Operating Profit 26.26% 118.47%
Other Income/Expense, Net -$36.00M -$46.00M
YoY Change -21.74%
Pretax Income $490.0M -$23.00M
YoY Change -2230.43% -69.74%
Income Tax $130.0M -$87.00M
% Of Pretax Income 26.53%
Net Earnings $405.0M $80.00M
YoY Change 406.25% 100.0%
Net Earnings / Revenue 6.94% 1.49%
Basic Earnings Per Share $0.98 $0.19
Diluted Earnings Per Share $0.97 $0.19
COMMON SHARES
Basic Shares Outstanding 413.2M shares 412.9M shares
Diluted Shares Outstanding 417.7M shares 416.4M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.073B $1.041B
YoY Change 3.07% -16.99%
Cash & Equivalents $1.073B $1.041B
Short-Term Investments
Other Short-Term Assets $242.0M $552.0M
YoY Change -56.16% 73.58%
Inventory $2.050B $2.361B
Prepaid Expenses
Receivables $3.907B $3.283B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.272B $7.237B
YoY Change 0.48% 5.33%
LONG-TERM ASSETS
Property, Plant & Equipment $13.19B $14.04B
YoY Change -6.03% 14.77%
Goodwill $3.378B $3.409B
YoY Change -0.91% 1.25%
Intangibles
YoY Change
Long-Term Investments $8.599B $7.367B
YoY Change 16.72% 0.89%
Other Assets $958.0M $1.373B
YoY Change -30.23% 17.45%
Total Long-Term Assets $26.52B $26.64B
YoY Change -0.44% 8.64%
TOTAL ASSETS
Total Short-Term Assets $7.272B $7.237B
Total Long-Term Assets $26.52B $26.64B
Total Assets $33.80B $33.88B
YoY Change -0.24% 7.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.478B $2.362B
YoY Change 4.91% 17.16%
Accrued Expenses $424.0M $409.0M
YoY Change 3.67% -1.45%
Deferred Revenue $32.00M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $684.0M $824.0M
YoY Change -16.99% 31.63%
Total Short-Term Liabilities $4.618B $5.002B
YoY Change -7.68% 22.54%
LONG-TERM LIABILITIES
Long-Term Debt $10.81B $10.39B
YoY Change 3.97% 17.82%
Other Long-Term Liabilities $557.0M $457.0M
YoY Change 21.88% 6.53%
Total Long-Term Liabilities $11.36B $10.85B
YoY Change 4.73% 17.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.618B $5.002B
Total Long-Term Liabilities $11.36B $10.85B
Total Liabilities $15.98B $15.85B
YoY Change 0.81% 18.9%
SHAREHOLDERS EQUITY
Retained Earnings $6.988B $4.717B
YoY Change 48.15% 1.29%
Common Stock $6.668B $6.617B
YoY Change 0.77% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.931B $1.681B
YoY Change 14.87% -4.22%
Treasury Stock Shares 40.00M shares 36.00M shares
Shareholders Equity $6.844B $4.545B
YoY Change
Total Liabilities & Shareholders Equity $33.80B $33.88B
YoY Change -0.24% 7.92%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $405.0M $80.00M
YoY Change 406.25% 100.0%
Depreciation, Depletion And Amortization $330.0M $334.0M
YoY Change -1.2% 10.96%
Cash From Operating Activities $801.0M $641.0M
YoY Change 24.96% 3.89%
INVESTING ACTIVITIES
Capital Expenditures -$440.0M -$290.0M
YoY Change 51.72% -11.59%
Acquisitions
YoY Change
Other Investing Activities -$35.00M -$40.00M
YoY Change -12.5%
Cash From Investing Activities -$475.0M -$330.0M
YoY Change 43.94% 0.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -354.0M -266.0M
YoY Change 33.08% 40.0%
NET CHANGE
Cash From Operating Activities 801.0M 641.0M
Cash From Investing Activities -475.0M -330.0M
Cash From Financing Activities -354.0M -266.0M
Net Change In Cash -28.00M 45.00M
YoY Change -162.22% -54.55%
FREE CASH FLOW
Cash From Operating Activities $801.0M $641.0M
Capital Expenditures -$440.0M -$290.0M
Free Cash Flow $1.241B $931.0M
YoY Change 33.3% -1.48%

Facts In Submission

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us-gaap Gain Loss On Sale Of Business
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us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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430000000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2017Q2 us-gaap Shipping Handling And Transportation Costs
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us-gaap Shipping Handling And Transportation Costs
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6541000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6864000000 USD
CY2017Q2 us-gaap Taxes Other
TaxesOther
41000000 USD
us-gaap Taxes Other
TaxesOther
83000000 USD
CY2018Q2 us-gaap Taxes Other
TaxesOther
42000000 USD
us-gaap Taxes Other
TaxesOther
86000000 USD
CY2017Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
448000000 USD
CY2018Q2 us-gaap Timber And Timberlands
TimberAndTimberlands
396000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
36000000 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
40000000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1680000000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1931000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
46000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
331000000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
416400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
416700000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
417700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
418800000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
412900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
412500000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
413200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
413400000 shares

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