2016 Q3 Form 10-Q Financial Statement

#000117001016000213 Filed on October 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $3.997B $3.885B
YoY Change 2.89% 7.94%
Cost Of Revenue $3.452B $3.364B
YoY Change 2.63% 7.26%
Gross Profit $545.4M $521.4M
YoY Change 4.6% 12.52%
Gross Profit Margin 13.64% 13.42%
Selling, General & Admin $366.1M $330.8M
YoY Change 10.68% 11.14%
% of Gross Profit 67.13% 63.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.20M $33.10M
YoY Change 27.49% 16.14%
% of Gross Profit 7.74% 6.35%
Operating Expenses $366.1M $330.8M
YoY Change 10.68% 11.14%
Operating Profit $179.2M $190.6M
YoY Change -5.96% 15.02%
Interest Expense $13.90M $7.450M
YoY Change 86.63% 1.35%
% of Operating Profit 7.76% 3.91%
Other Income/Expense, Net $435.0K -$1.593M
YoY Change -127.31% 462.9%
Pretax Income $261.7M $279.8M
YoY Change -6.46% 11.64%
Income Tax $99.37M $107.6M
% Of Pretax Income 37.97% 38.45%
Net Earnings $162.4M $172.2M
YoY Change -5.73% 11.46%
Net Earnings / Revenue 4.06% 4.43%
Basic Earnings Per Share $0.85 $0.83
Diluted Earnings Per Share $0.84 $0.82
COMMON SHARES
Basic Shares Outstanding 191.5M shares 207.2M shares
Diluted Shares Outstanding 193.6M shares 209.6M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $316.0M $100.0M
YoY Change 216.0% -71.83%
Cash & Equivalents $316.0M $100.5M
Short-Term Investments
Other Short-Term Assets $45.27M $45.46M
YoY Change -0.41% -86.79%
Inventory $1.919B $1.912B
Prepaid Expenses
Receivables $94.58M $100.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.755B $2.504B
YoY Change 10.05% -0.49%
LONG-TERM ASSETS
Property, Plant & Equipment $2.326B $2.017B
YoY Change 15.36% 14.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $138.6M $149.1M
YoY Change -7.07% -47.67%
Total Long-Term Assets $12.75B $11.45B
YoY Change 11.36% 15.83%
TOTAL ASSETS
Total Short-Term Assets $2.755B $2.504B
Total Long-Term Assets $12.75B $11.45B
Total Assets $15.50B $13.95B
YoY Change 11.12% 12.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $486.9M $453.9M
YoY Change 7.29% 8.84%
Accrued Expenses $246.1M $226.4M
YoY Change 8.69% 10.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $2.000M
YoY Change -100.0% 0.0%
Long-Term Debt Due $351.0M $318.0M
YoY Change 10.38% 13.17%
Total Short-Term Liabilities $1.084B $1.002B
YoY Change 8.22% 10.47%
LONG-TERM LIABILITIES
Long-Term Debt $11.13B $9.514B
YoY Change 17.0% 19.54%
Other Long-Term Liabilities $227.0M $225.6M
YoY Change 0.63% 28.15%
Total Long-Term Liabilities $227.0M $225.6M
YoY Change 0.63% -97.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.084B $1.002B
Total Long-Term Liabilities $227.0M $225.6M
Total Liabilities $12.44B $10.74B
YoY Change 15.83% 18.8%
SHAREHOLDERS EQUITY
Retained Earnings $1.858B $2.013B
YoY Change -7.69%
Common Stock $95.54M $102.5M
YoY Change -6.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.062B $3.211B
YoY Change
Total Liabilities & Shareholders Equity $15.50B $13.95B
YoY Change 11.12% 12.52%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $162.4M $172.2M
YoY Change -5.73% 11.46%
Depreciation, Depletion And Amortization $42.20M $33.10M
YoY Change 27.49% 16.14%
Cash From Operating Activities -$120.6M -$202.3M
YoY Change -40.39% -11.08%
INVESTING ACTIVITIES
Capital Expenditures -$117.1M -$86.30M
YoY Change 35.69% 5.76%
Acquisitions
YoY Change
Other Investing Activities -$21.80M -$16.20M
YoY Change 34.57% 100.0%
Cash From Investing Activities -$138.9M -$102.4M
YoY Change 35.64% 14.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 523.0M 53.50M
YoY Change 877.57% -61.68%
NET CHANGE
Cash From Operating Activities -120.6M -202.3M
Cash From Investing Activities -138.9M -102.4M
Cash From Financing Activities 523.0M 53.50M
Net Change In Cash 263.5M -251.2M
YoY Change -204.9% 41.44%
FREE CASH FLOW
Cash From Operating Activities -$120.6M -$202.3M
Capital Expenditures -$117.1M -$86.30M
Free Cash Flow -$3.500M -$116.0M
YoY Change -96.98% -20.49%

Facts In Submission

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CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
42500000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
76800000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
55900000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
101700000 USD
CY2016Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
262800000 USD
CY2016Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
330300000 USD
us-gaap Gain Loss On Disposition Of Assets
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-1810000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-302000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
521370000 USD
us-gaap Gross Profit
GrossProfit
1065164000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
545362000 USD
us-gaap Gross Profit
GrossProfit
1117999000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
279822000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
575801000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
261736000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
544429000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107594000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
221599000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
99374000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
206707000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-58705000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
46114000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-36858000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-37594000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
720252000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
656835000 USD
us-gaap Increase Decrease In Inventories
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-175325000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-13226000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1923000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
16993000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-371000 USD
us-gaap Increase Decrease In Other Operating Assets
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-732000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-52089000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-50247000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
40953000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
36834000 USD
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
169800000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
334600000 USD
CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
190200000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
374300000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
7450000 USD
us-gaap Interest Expense
InterestExpense
14553000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
13904000 USD
us-gaap Interest Expense
InterestExpense
24992000 USD
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
113400000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
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236600000 USD
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
112700000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
230800000 USD
CY2015Q3 us-gaap Interest Income Expense Net
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139000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
275800000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
148400000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
293100000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5600000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5300000 USD
CY2016Q1 us-gaap Interest Receivable
InterestReceivable
35000000 USD
CY2016Q3 us-gaap Interest Receivable
InterestReceivable
41900000 USD
CY2016Q1 us-gaap Inventory Net
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1932029000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
1918803000 USD
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7100000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
13900000 USD
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7700000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
15400000 USD
CY2016Q1 us-gaap Liabilities
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11555125000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
12441987000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
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14459911000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15504332000 USD
CY2016Q1 us-gaap Liabilities Current
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1005193000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1084363000 USD
CY2016Q1 us-gaap Liabilities Fair Value Disclosure
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8024000 USD
CY2016Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1420000 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
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10657832000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
11505323000 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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315509000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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351162000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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357097000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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580635000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-199482000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-39841000 USD
CY2015Q3 us-gaap Net Income Loss
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172228000 USD
us-gaap Net Income Loss
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354202000 USD
CY2016Q3 us-gaap Net Income Loss
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162362000 USD
us-gaap Net Income Loss
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CY2016Q1 us-gaap Non Recourse Debt
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9530000000 USD
CY2016Q1 us-gaap Non Recourse Debt
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CY2016Q3 us-gaap Non Recourse Debt
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10260000000 USD
CY2016Q3 us-gaap Non Recourse Debt
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10264544000 USD
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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435000 USD
us-gaap Nonoperating Income Expense
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1051000 USD
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CY2016Q3 us-gaap Notes Receivable Gross
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CY2016Q3 us-gaap Notes Receivable Net
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26358000 USD
CY2016Q3 us-gaap Other Assets Current
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CY2016Q3 us-gaap Other Assets Noncurrent
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138589000 USD
CY2015Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-339000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-645000 USD
CY2016Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-248000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-497000 USD
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
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CY2016Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-5000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
3117000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-483000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-30000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1403000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-5000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3117000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
309000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-758000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
243000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3614000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
309000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-758000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
243000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3614000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-1907000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3958000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3120000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-5933000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1156000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2401000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1893000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3600000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-751000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1557000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1227000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2333000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-540000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-773000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-339000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-645000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-248000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-497000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-138000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-1955000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
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CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-798000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1186000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3804000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1898000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-483000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-769000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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CY2015Q3 us-gaap Other Cost And Expense Operating
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us-gaap Other Cost And Expense Operating
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15200000 USD
CY2016Q3 us-gaap Other Cost And Expense Operating
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9000000 USD
us-gaap Other Cost And Expense Operating
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18700000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
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OtherLiabilitiesNoncurrent
226978000 USD
CY2016Q1 us-gaap Other Long Term Debt Noncurrent
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CY2016Q3 us-gaap Other Long Term Debt Noncurrent
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100000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
100000 USD
CY2015Q3 us-gaap Other Sales Revenue Net
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us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
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3200000 USD
CY2016Q3 us-gaap Other Receivables
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1400000 USD
us-gaap Other Sales Revenue Net
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CY2016Q3 us-gaap Other Nonoperating Expense
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CY2016Q3 us-gaap Other Sales Revenue Net
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136032000 USD
us-gaap Other Sales Revenue Net
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265703000 USD
us-gaap Payments For Proceeds From Short Term Investments
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us-gaap Payments For Proceeds From Short Term Investments
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3439000 USD
us-gaap Payments For Repurchase Of Common Stock
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369210000 USD
us-gaap Payments For Repurchase Of Common Stock
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266025000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2981000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9009000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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145727000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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214587000 USD
us-gaap Pension Contributions
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0 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
37157000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
33026000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1337000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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1419000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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2000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
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2161698000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2326178000 USD
us-gaap Provision For Loan And Lease Losses
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39244000 USD
us-gaap Provision For Loan And Lease Losses
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62349000 USD
CY2015Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
25600000 USD
us-gaap Provision For Loan Lease And Other Losses
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39200000 USD
CY2016Q3 us-gaap Provision For Loan Lease And Other Losses
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35700000 USD
us-gaap Provision For Loan Lease And Other Losses
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62300000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2016Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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343829000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
380663000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
46600000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
51300000 USD
CY2016Q1 us-gaap Restricted Investments Noncurrent
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63000000 USD
CY2016Q3 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
70400000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1746804000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1858221000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3884913000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
7899801000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3997248000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
8123634000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
330784000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
680563000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
366126000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
746356000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
33506000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
60561000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2159000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.19
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7322000 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8383000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
3500000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
10900000 USD
CY2016Q1 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
428000 USD
CY2016Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
361000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6100000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6300000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1094000 shares
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2904786000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3062345000 USD
CY2016Q1 us-gaap Trading Securities
TradingSecurities
13622000 USD
CY2016Q3 us-gaap Trading Securities
TradingSecurities
17595000 USD
CY2016Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
21665000 USD
CY2016Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
23515000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26800000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
27700000 USD
CY2015Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
94400000 USD
CY2015Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
100300000 USD
CY2015Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
108100000 USD
CY2016Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
110200000 USD
CY2016Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
112500000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
113300000 USD
CY2015Q3 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
22200000 USD
us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
42500000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
17200000 USD
us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
35900000 USD
CY2015Q3 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
14400000 USD
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
28800000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
16400000 USD
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
32800000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209648000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210645000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193623000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194437000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
207249000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
207969000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
191539000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
192534000 shares
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation and Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;"> &#160;The accompanying interim unaudited consolidated financial statements include the accounts of CarMax and our wholly owned subsidiaries.&#160;&#160;All significant intercompany balances and transactions have been eliminated in consolidation.&#160;&#160;These consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) for interim financial information.&#160;&#160;Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.&#160;&#160;In the opinion of management, such interim consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position and the results of operations and cash flows for the interim periods presented.&#160;&#160;The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year.&#160;&#160;These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">February&#160;29, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Background</font></div><div style="line-height:120%;text-indent:90px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CarMax, Inc. (&#8220;we,&#8221; &#8220;our,&#8221; &#8220;us,&#8221; &#8220;CarMax&#8221; and &#8220;the company&#8221;), including its wholly owned subsidiaries, is the largest retailer of used vehicles in the United States.&#160;We operate in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> reportable segments:&#160;&#160;CarMax Sales Operations and CarMax Auto Finance (&#8220;CAF&#8221;).&#160;&#160;Our CarMax Sales Operations segment consists of all aspects of our auto merchandising and service operations, excluding financing provided by CAF.&#160;&#160;Our CAF segment consists solely of our own finance operation that provides financing to customers buying retail vehicles from CarMax.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We seek to deliver an unrivaled customer experience by offering a broad selection of high quality used vehicles and related products and services at low, no-haggle prices using a customer-friendly sales process in an attractive, modern sales facility, as well as through carmax.com and our mobile apps.&#160;&#160;We provide customers with a full range of related products and services, including the appraisal and purchase of vehicles directly from consumers; the financing of vehicle purchases through CAF and third-party financing providers; the sale of extended protection plan (&#8220;EPP&#8221;) products, which include extended service plans (&#8220;ESPs&#8221;) and guaranteed asset protection (&#8220;GAP&#8221;); and vehicle repair service.&#160;&#160;Vehicles purchased through the appraisal process that do not meet our retail standards are sold to licensed dealers through on-site wholesale auctions.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities.&#160;&#160;Actual results could differ from those estimates.&#160; Certain prior year amounts have been reclassified to conform to the current year&#8217;s presentation.&#160; Amounts and percentages may not total due to rounding.</font></div></div>

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