2018 Q4 Form 10-Q Financial Statement

#000001892618000029 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $5.778B $5.818B $4.034B
YoY Change 8.55% 44.22% -7.94%
Cost Of Revenue $1.794B $2.672B $1.927B
YoY Change -28.18% 38.66% -3.46%
Gross Profit $3.121B $3.146B $2.107B
YoY Change 10.48% 49.31% -11.69%
Gross Profit Margin 54.02% 54.07% 52.23%
Selling, General & Admin $974.0M $967.0M $710.0M
YoY Change -11.78% 36.2% -11.03%
% of Gross Profit 31.21% 30.74% 33.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.262B $1.285B $910.0M
YoY Change 5.43% 41.21% -8.54%
% of Gross Profit 40.44% 40.85% 43.19%
Operating Expenses $2.236B $4.924B $3.547B
YoY Change -2.82% 38.82% -6.39%
Operating Profit -$1.841B $894.0M $487.0M
YoY Change -451.34% 83.57% -17.88%
Interest Expense -$539.0M $557.0M $362.0M
YoY Change 12.06% 53.87% 10.7%
% of Operating Profit 62.3% 74.33%
Other Income/Expense, Net -$12.00M -$565.0M -$348.0M
YoY Change -209.09% 62.36% 1.16%
Pretax Income -$2.365B $329.0M $139.0M
YoY Change -4479.63% 136.69% -44.18%
Income Tax $38.00M $57.00M $47.00M
% Of Pretax Income 17.33% 33.81%
Net Earnings -$2.412B $272.0M $92.00M
YoY Change -315.94% 195.65% -39.47%
Net Earnings / Revenue -41.74% 4.68% 2.28%
Basic Earnings Per Share -$2.26 $0.25 $0.17
Diluted Earnings Per Share -$2.26 $0.25 $0.17
COMMON SHARES
Basic Shares Outstanding 1.081B shares 1.067B shares 541.5M shares
Diluted Shares Outstanding 1.072B shares 542.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $488.0M $390.0M $160.0M
YoY Change -11.43% 143.75% 14.29%
Cash & Equivalents $488.0M $390.0M $160.0M
Short-Term Investments
Other Short-Term Assets $918.0M $1.237B $639.0M
YoY Change -2.44% 93.58% 1.27%
Inventory $120.0M $131.0M $131.0M
Prepaid Expenses $307.0M $379.0M $245.0M
Receivables $2.398B $2.465B $1.888B
Other Receivables $82.00M $79.00M $0.00
Total Short-Term Assets $3.820B $4.114B $2.694B
YoY Change -8.92% 52.71% -1.25%
LONG-TERM ASSETS
Property, Plant & Equipment $26.41B $26.17B $17.63B
YoY Change -1.65% 48.4% -1.15%
Goodwill $28.03B $30.77B $19.64B
YoY Change -8.02% 56.69% -5.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.192B $1.126B $813.0M
YoY Change -7.31% 38.5% 17.83%
Total Long-Term Assets $66.44B $69.26B $47.84B
YoY Change -6.97% 44.76% 8.56%
TOTAL ASSETS
Total Short-Term Assets $3.820B $4.114B $2.694B
Total Long-Term Assets $66.44B $69.26B $47.84B
Total Assets $70.26B $73.37B $50.54B
YoY Change -7.08% 45.19% 7.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.933B $1.387B $939.0M
YoY Change 24.31% 47.71% -9.36%
Accrued Expenses $1.465B $1.567B $1.020B
YoY Change 13.83% 53.63% 13.71%
Deferred Revenue $832.0M $983.0M
YoY Change -6.73%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $652.0M $778.0M $124.0M
YoY Change 47.18% 527.42% -91.92%
Total Short-Term Liabilities $5.531B $5.286B $3.266B
YoY Change 13.88% 61.85% -31.0%
LONG-TERM LIABILITIES
Long-Term Debt $35.41B $35.75B $24.85B
YoY Change -5.03% 43.84% 36.68%
Other Long-Term Liabilities $2.642B $2.639B $1.145B
YoY Change 10.59% 130.48% 3.53%
Total Long-Term Liabilities $2.642B $2.639B $1.145B
YoY Change 10.59% 130.48% 3.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.531B $5.286B $3.266B
Total Long-Term Liabilities $2.642B $2.639B $1.145B
Total Liabilities $8.173B $7.925B $4.411B
YoY Change 12.79% 79.66% -24.46%
SHAREHOLDERS EQUITY
Retained Earnings -$1.643B $777.0M $34.00M
YoY Change -248.96% 2185.29% -56.96%
Common Stock $1.080B $1.081B $550.0M
YoY Change 1.03% 96.55% 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.83B $22.80B $12.96B
YoY Change
Total Liabilities & Shareholders Equity $70.26B $73.37B $50.54B
YoY Change -7.08% 45.19% 7.99%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$2.412B $272.0M $92.00M
YoY Change -315.94% 195.65% -39.47%
Depreciation, Depletion And Amortization $1.262B $1.285B $910.0M
YoY Change 5.43% 41.21% -8.54%
Cash From Operating Activities $1.996B $1.787B $958.0M
YoY Change 69.44% 86.53% 5.16%
INVESTING ACTIVITIES
Capital Expenditures -$915.0M -$684.0M -$753.0M
YoY Change 23.15% -9.16% 0.94%
Acquisitions
YoY Change
Other Investing Activities $33.00M $0.00 -$3.000M
YoY Change -100.45% -100.0% -123.08%
Cash From Investing Activities -$882.0M -$684.0M -$756.0M
YoY Change -89.0% -9.52% 3.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.016B -1.417B -395.0M
YoY Change -180.13% 258.73% 72.49%
NET CHANGE
Cash From Operating Activities 1.996B 1.787B 958.0M
Cash From Investing Activities -882.0M -684.0M -756.0M
Cash From Financing Activities -1.016B -1.417B -395.0M
Net Change In Cash 98.00M -314.0M -193.0M
YoY Change -101.76% 62.69% 278.43%
FREE CASH FLOW
Cash From Operating Activities $1.996B $1.787B $958.0M
Capital Expenditures -$915.0M -$684.0M -$753.0M
Free Cash Flow $2.911B $2.471B $1.711B
YoY Change 51.54% 44.42% 3.26%

Facts In Submission

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We reclassified certain prior period amounts to conform to the current period presentation, including the categorization of our revenues and our segment reporting. See Note&#160;11&#8212;Segment Information for additional information. These changes had no impact on total operating revenues, total operating expenses or net income for any period.</font></div></div>

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