2018 Q2 Form 10-Q Financial Statement
#000102599618000216 Filed on July 26, 2018
Income Statement
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| Revenue | $187.1M | $180.6M |
| YoY Change | 3.58% | 12.78% |
| Cost Of Revenue | $52.00M | $51.40M |
| YoY Change | 1.17% | 17.35% |
| Gross Profit | $135.1M | $129.2M |
| YoY Change | 4.57% | 11.09% |
| Gross Profit Margin | 72.22% | 71.54% |
| Selling, General & Admin | $27.40M | $14.70M |
| YoY Change | 86.39% | 5.0% |
| % of Gross Profit | 20.28% | 11.38% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $64.00M | $62.30M |
| YoY Change | 2.73% | 16.67% |
| % of Gross Profit | 47.37% | 48.22% |
| Operating Expenses | $143.4M | $128.4M |
| YoY Change | 11.7% | 14.73% |
| Operating Profit | -$8.276M | $843.0K |
| YoY Change | -1081.73% | -80.96% |
| Interest Expense | $12.71M | $17.97M |
| YoY Change | -29.27% | 24.95% |
| % of Operating Profit | 2132.03% | |
| Other Income/Expense, Net | -$11.94M | -$16.94M |
| YoY Change | -29.49% | 20.34% |
| Pretax Income | $31.80M | $35.30M |
| YoY Change | -9.92% | 4.13% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $27.55M | $31.45M |
| YoY Change | -12.4% | -4.26% |
| Net Earnings / Revenue | 14.73% | 17.41% |
| Basic Earnings Per Share | $0.27 | $0.30 |
| Diluted Earnings Per Share | $0.27 | $0.30 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 99.69M shares | 98.28M shares |
| Diluted Shares Outstanding | 100.2M shares | 98.83M shares |
Balance Sheet
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $51.00M | $388.0M |
| YoY Change | -86.86% | 1392.31% |
| Cash & Equivalents | $50.82M | $387.6M |
| Short-Term Investments | ||
| Other Short-Term Assets | $37.00M | $39.00M |
| YoY Change | -5.13% | -33.9% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $272.0M | $13.70M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $360.0M | $674.0M |
| YoY Change | -46.59% | 122.44% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $6.814B | $6.082B |
| YoY Change | 12.04% | 10.6% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $23.00M | $16.00M |
| YoY Change | 43.75% | 23.08% |
| Other Assets | $187.0M | $204.0M |
| YoY Change | -8.33% | -57.76% |
| Total Long-Term Assets | $7.025B | $6.321B |
| YoY Change | 11.13% | 5.44% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $360.0M | $674.0M |
| Total Long-Term Assets | $7.025B | $6.321B |
| Total Assets | $7.385B | $6.995B |
| YoY Change | 5.57% | 11.07% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $279.0M | $219.0M |
| YoY Change | 27.4% | 3.79% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $326.0M | $263.0M |
| YoY Change | 23.95% | 5.62% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.790B | $2.565B |
| YoY Change | 8.77% | 5.17% |
| Other Long-Term Liabilities | $205.0M | $204.0M |
| YoY Change | 0.49% | 11.48% |
| Total Long-Term Liabilities | $2.995B | $2.769B |
| YoY Change | 8.16% | 5.61% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $326.0M | $263.0M |
| Total Long-Term Liabilities | $2.995B | $2.769B |
| Total Liabilities | $3.582B | $3.033B |
| YoY Change | 18.1% | 5.61% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$132.8M | |
| YoY Change | -311.98% | |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $3.803B | $3.756B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.385B | $6.995B |
| YoY Change | 5.57% | 11.07% |
Cashflow Statement
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $27.55M | $31.45M |
| YoY Change | -12.4% | -4.26% |
| Depreciation, Depletion And Amortization | $64.00M | $62.30M |
| YoY Change | 2.73% | 16.67% |
| Cash From Operating Activities | $94.70M | $82.00M |
| YoY Change | 15.49% | 38.05% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$442.6M | -$112.4M |
| YoY Change | 293.77% | -41.88% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $26.00M | -$17.20M |
| YoY Change | -251.16% | -185.15% |
| Cash From Investing Activities | -$416.6M | -$129.6M |
| YoY Change | 221.45% | -25.22% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 319.7M | -42.20M |
| YoY Change | -857.58% | -139.81% |
| NET CHANGE | ||
| Cash From Operating Activities | 94.70M | 82.00M |
| Cash From Investing Activities | -416.6M | -129.6M |
| Cash From Financing Activities | 319.7M | -42.20M |
| Net Change In Cash | -2.200M | -89.80M |
| YoY Change | -97.55% | 1036.71% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $94.70M | $82.00M |
| Capital Expenditures | -$442.6M | -$112.4M |
| Free Cash Flow | $537.3M | $194.4M |
| YoY Change | 176.39% | -23.1% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
68800000 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
387616000 | USD |
| CY2017Q2 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.979 | |
| CY2017Q4 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.979 | |
| CY2018Q2 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.980 | |
| us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
250000 | USD | |
| CY2018Q2 | us-gaap |
Trading Securities
TradingSecurities
|
22519000 | USD |
| us-gaap |
Straight Line Rent
StraightLineRent
|
10566000 | USD | |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3759317000 | USD |
| CY2017Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
2006263000 | USD |
| CY2018Q2 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
2156521000 | USD |
| CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3962471000 | USD |
| CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
426500000 | USD |
| us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD | |
| CY2018Q2 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
896800000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3700793000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3960316000 | USD |
| us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD | |
| CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
27300000 | USD |
| CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3802927000 | USD |
| CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4063873000 | USD |
| us-gaap |
Straight Line Rent
StraightLineRent
|
15537000 | USD | |
| CY2017Q4 | us-gaap |
Trading Securities
TradingSecurities
|
20674000 | USD |
| CY2017Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
551907 | shares |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
98275471 | shares |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
99691700 | shares |
| us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
308832000 | USD | |
| CY2017Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
8249000 | USD |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
593090 | shares | |
| us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
124147000 | USD | |
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12051000 | USD | |
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
41000 | USD | |
| CY2018Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
459156 | shares |
| CY2018Q2 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
77000000 | USD |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
100150856 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
99687682 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
97834255 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
99220577 | shares | |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
98827378 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
98427345 | shares | |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
467105 | shares | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4691000 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2453000 | USD |
