2021 Q1 Form 10-Q Financial Statement

#000035254121000056 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $901.0M $916.0M
YoY Change -1.64% -7.21%
Cost Of Revenue $134.0M $122.0M
YoY Change 9.84% -0.81%
Gross Profit $767.0M $794.0M
YoY Change -3.4% -8.12%
Gross Profit Margin 85.13% 86.68%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $164.0M $146.0M
YoY Change 12.33% 6.65%
% of Gross Profit 21.38% 18.39%
Operating Expenses $603.0M $642.4M
YoY Change -6.13% -6.74%
Operating Profit $198.0M $188.0M
YoY Change 5.32% 6.33%
Interest Expense $69.00M $69.00M
YoY Change 0.0% 4.07%
% of Operating Profit 34.85% 36.7%
Other Income/Expense, Net -$52.00M -$34.00M
YoY Change 52.94% 0.0%
Pretax Income $146.0M $154.0M
YoY Change -5.19% 7.84%
Income Tax -$28.00M -$19.00M
% Of Pretax Income -19.18% -12.34%
Net Earnings $174.0M $173.0M
YoY Change 0.58% 35.47%
Net Earnings / Revenue 19.31% 18.89%
Basic Earnings Per Share
Diluted Earnings Per Share $0.68 $705.6K
COMMON SHARES
Basic Shares Outstanding 250.0M shares 244.4M shares
Diluted Shares Outstanding 250.4M shares 244.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.00M $55.00M
YoY Change -74.55% 450.0%
Cash & Equivalents $14.00M $55.20M
Short-Term Investments
Other Short-Term Assets $117.0M $137.5M
YoY Change -14.91% -10.37%
Inventory $204.0M $221.0M
Prepaid Expenses
Receivables $325.0M $396.4M
Other Receivables $218.0M $236.0M
Total Short-Term Assets $755.0M $912.2M
YoY Change -17.23% 11.9%
LONG-TERM ASSETS
Property, Plant & Equipment $14.35B $13.69B
YoY Change 4.88% 8.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $494.0M $470.0M
YoY Change 5.11% 8.29%
Other Assets $1.992B $1.812B
YoY Change 9.92% 2389.42%
Total Long-Term Assets $16.84B $15.97B
YoY Change 5.46% 787.34%
TOTAL ASSETS
Total Short-Term Assets $755.0M $912.2M
Total Long-Term Assets $16.84B $15.97B
Total Assets $17.59B $16.88B
YoY Change 4.24% 7.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $307.0M $375.4M
YoY Change -18.22% -3.17%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $336.0M $270.5M
YoY Change 24.21% -47.48%
Long-Term Debt Due $308.0M $357.2M
YoY Change -13.77% 39.26%
Total Short-Term Liabilities $1.408B $1.650B
YoY Change -14.68% 3.94%
LONG-TERM LIABILITIES
Long-Term Debt $6.471B $5.834B
YoY Change 10.92% 8.8%
Other Long-Term Liabilities $364.0M $349.7M
YoY Change 4.09% -21.04%
Total Long-Term Liabilities $6.835B $6.184B
YoY Change 10.53% 6.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.408B $1.650B
Total Long-Term Liabilities $6.835B $6.184B
Total Liabilities $8.243B $7.834B
YoY Change 5.22% 5.97%
SHAREHOLDERS EQUITY
Retained Earnings $3.063B $2.834B
YoY Change 8.09% 9.52%
Common Stock $2.715B $2.677B
YoY Change 1.43% 27.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.766B $5.502B
YoY Change
Total Liabilities & Shareholders Equity $17.59B $16.88B
YoY Change 4.24% 7.42%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $174.0M $173.0M
YoY Change 0.58% 35.47%
Depreciation, Depletion And Amortization $164.0M $146.0M
YoY Change 12.33% 6.65%
Cash From Operating Activities $145.0M $160.0M
YoY Change -9.38% -11.65%
INVESTING ACTIVITIES
Capital Expenditures $214.0M $278.0M
YoY Change -23.02% -25.67%
Acquisitions
YoY Change
Other Investing Activities $16.00M $13.00M
YoY Change 23.08% 7.44%
Cash From Investing Activities -$38.00M -$179.0M
YoY Change -78.77% -50.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.000M $228.0M
YoY Change -96.49% 317.58%
Debt Paid & Issued, Net $0.00 $300.0M
YoY Change -100.0% 99900.0%
Cash From Financing Activities -$145.0M $60.00M
YoY Change -341.67% -65.91%
NET CHANGE
Cash From Operating Activities $145.0M $160.0M
Cash From Investing Activities -$38.00M -$179.0M
Cash From Financing Activities -$145.0M $60.00M
Net Change In Cash -$38.00M $41.00M
YoY Change -192.68% -632.47%
FREE CASH FLOW
Cash From Operating Activities $145.0M $160.0M
Capital Expenditures $214.0M $278.0M
Free Cash Flow -$69.00M -$118.0M
YoY Change -41.53% -38.83%

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PaymentsForProceedsFromOtherInvestingActivities
16000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
13000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-179000000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
102000000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
93000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
228000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
300000000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-53000000 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2000000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
60000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-38000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59000000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
59000000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
65000000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
64000000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
156000000 USD
CY2021Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
107000000 USD
CY2020Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
188000000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
A change in management’s estimates or assumptions could have a material impact on financial condition and results of operations during the period in which such change occurred.
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain prior period amounts in the Financial Statements and Notes have been reclassified to conform to the current period presentation for comparative purposes.
CY2021Q1 us-gaap Regulatory Assets
RegulatoryAssets
2007000000 USD
CY2020Q4 us-gaap Regulatory Assets
RegulatoryAssets
2010000000 USD
CY2021Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
1255000000 USD
CY2020Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
1306000000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15000000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13000000 USD
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
249868415 shares
CY2021Q1 lnt Shares Of Stock Issued Shareowner Direct Plan
SharesOfStockIssuedShareownerDirectPlan
152588 shares
CY2021Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
113549 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
250134552 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5888000000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
171000000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4025
CY2021Q1 us-gaap Dividends Common Stock
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102000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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8000000 USD
CY2021Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5966000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5405000000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
170000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
93000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
228000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5702000000 USD
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
336000000 USD
CY2021Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.002
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
664000000 USD
CY2021Q1 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
578000000 USD
CY2020Q1 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
463000000 USD
CY2021Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
424000000 USD
CY2020Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
382000000 USD
CY2021Q1 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.002
CY2020Q1 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.018
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
901000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
916000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.19
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.12
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13000000 USD
CY2021Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
8000000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
44000000 USD
CY2021Q1 lnt Fair Value Of Deferred Proceeds Of Receivables Sold
FairValueOfDeferredProceedsOfReceivablesSold
107000000 USD
CY2020Q4 lnt Fair Value Of Deferred Proceeds Of Receivables Sold
FairValueOfDeferredProceedsOfReceivablesSold
188000000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7614000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
8109000000 USD
CY2021Q1 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
1174000000 USD
CY2021Q1 lnt Individual Commitments Incurred
IndividualCommitmentsIncurred
1000000 USD
CY2021Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
901000000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
198000000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
171000000 USD
CY2020Q1 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
916000000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
188000000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
170000000 USD

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