2016 Q1 Form 10-K Financial Statement

#000163745916000100 Filed on March 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2014 Q4 2014 Q3
Revenue $7.124B $4.696B $4.400B
YoY Change 187.49% 2.2% 0.14%
Cost Of Revenue $4.720B $1.550B $1.827B
YoY Change 189.39%
Gross Profit $2.404B $895.0M $767.0M
YoY Change 183.83% -53.67% -48.38%
Gross Profit Margin 33.75% 19.06% 17.43%
Selling, General & Admin $1.117B $897.0M $358.0M
YoY Change 230.47%
% of Gross Profit 46.46% 100.22% 46.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $338.0M $101.0M $145.0M
YoY Change 275.56%
% of Gross Profit 14.06% 11.28% 18.9%
Operating Expenses $1.117B $897.0M $358.0M
YoY Change 230.47%
Operating Profit $1.287B -$2.000M $409.0M
YoY Change 152.85%
Interest Expense -$209.0M -$149.0M $167.0M
YoY Change -203.98%
% of Operating Profit -16.24% 40.83%
Other Income/Expense, Net -$48.00M -$32.00M -$28.00M
YoY Change -223.08%
Pretax Income $1.030B $171.0M $214.0M
YoY Change 196.83%
Income Tax $382.0M $6.000M $40.00M
% Of Pretax Income 37.09% 3.51% 18.69%
Net Earnings $645.0M -$398.0M $172.0M
YoY Change 133.7% -142.75% -65.6%
Net Earnings / Revenue 9.05% -8.48% 3.91%
Basic Earnings Per Share -$0.04 -$0.02
Diluted Earnings Per Share $536.6K -$0.04 -$0.02
COMMON SHARES
Basic Shares Outstanding 1.215B shares 377.0M shares
Diluted Shares Outstanding 377.0M shares

Balance Sheet

Concept 2016 Q1 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.837B
YoY Change 154.71%
Cash & Equivalents $4.837B $2.298B $2.854B
Short-Term Investments
Other Short-Term Assets $871.0M $581.0M
YoY Change 173.9% 193.43%
Inventory $2.618B $1.185B
Prepaid Expenses $139.0M
Receivables $871.0M $690.0M
Other Receivables $583.0M $384.0M
Total Short-Term Assets $9.780B $4.915B
YoY Change 118.45% 0.14%
LONG-TERM ASSETS
Property, Plant & Equipment $6.524B $2.365B
YoY Change 187.91% -42.53%
Goodwill $43.05B $14.96B
YoY Change 30.02%
Intangibles $62.12B $13.19B
YoY Change 491.66%
Long-Term Investments
YoY Change
Other Assets $1.498B $1.144B
YoY Change -31.44% 192.58%
Total Long-Term Assets $113.2B $31.66B
YoY Change 255.77% 73.55%
TOTAL ASSETS
Total Short-Term Assets $9.780B $4.915B
Total Long-Term Assets $113.2B $31.66B
Total Assets $123.0B $36.57B
YoY Change 238.83% 57.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.844B $1.537B
YoY Change 89.73% -0.71%
Accrued Expenses $1.585B $167.0M
YoY Change 88.92%
Deferred Revenue
YoY Change
Short-Term Debt $4.000M $59.00M
YoY Change 300.0%
Long-Term Debt Due $79.00M
YoY Change 690.0%
Total Short-Term Liabilities $6.932B $3.092B
YoY Change 173.78% -9.33%
LONG-TERM LIABILITIES
Long-Term Debt $25.15B
YoY Change 84.72%
Other Long-Term Liabilities $752.0M $282.0M
YoY Change 1.08% -34.11%
Total Long-Term Liabilities $752.0M $17.99B
YoY Change -94.76% 4102.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.932B $3.092B
Total Long-Term Liabilities $752.0M $17.99B
Total Liabilities $56.74B $20.89B
YoY Change 168.1% 16.29%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $0.00
YoY Change -100.0%
Common Stock $12.00M $4.682B
YoY Change 5.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.00M $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $57.69B $7.117B
YoY Change
Total Liabilities & Shareholders Equity $123.0B $36.57B
YoY Change 238.83% 57.99%

Cashflow Statement

Concept 2016 Q1 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $645.0M -$398.0M $172.0M
YoY Change 133.7% -142.75% -65.6%
Depreciation, Depletion And Amortization $338.0M $101.0M $145.0M
YoY Change 275.56%
Cash From Operating Activities $1.721B $809.0M $484.0M
YoY Change -2173.49%
INVESTING ACTIVITIES
Capital Expenditures -$282.0M -$152.0M -$94.00M
YoY Change -632.08%
Acquisitions
YoY Change
Other Investing Activities -$21.00M $12.00M $0.00
YoY Change 425.0%
Cash From Investing Activities -$303.0M -$140.0M -$94.00M
YoY Change 518.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.008B -1.210B -201.0M
YoY Change 371.03%
NET CHANGE
Cash From Operating Activities 1.721B 809.0M 484.0M
Cash From Investing Activities -303.0M -140.0M -94.00M
Cash From Financing Activities -1.008B -1.210B -201.0M
Net Change In Cash 410.0M -541.0M 189.0M
YoY Change -218.5%
FREE CASH FLOW
Cash From Operating Activities $1.721B $809.0M $484.0M
Capital Expenditures -$282.0M -$152.0M -$94.00M
Free Cash Flow $2.003B $961.0M $578.0M
YoY Change -1572.79%

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22.56
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34.86
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30.30
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52.52
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37.69
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576362 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
10.59
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.38
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
10.02
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
3421966 shares
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
24.40
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1084988 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
7117000000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
57685000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7336000000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
57893000000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
232000000 USD
CY2016Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
417000000 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
8320000000 USD
CY2016Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
8320000000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
31000000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
139000000 USD
CY2014Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
228000000 USD
CY2016Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
85000000 USD
CY2016Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
3600000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
353000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
21000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
72000000 USD
CY2016Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 USD
CY2013Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
367000000 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We prepare our consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect a number of amounts in our consolidated financial statements. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements.

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