2017 Q2 Form 10-Q Financial Statement

#000162828017008302 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $5.211B $3.902B
YoY Change 33.55% 5.77%
Cost Of Revenue $4.141B $3.315B
YoY Change 24.92% 5.71%
Gross Profit $1.070B $587.0M
YoY Change 82.28% 6.15%
Gross Profit Margin 20.53% 15.04%
Selling, General & Admin $234.0M $168.0M
YoY Change 39.29% 10.53%
% of Gross Profit 21.87% 28.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $83.00M $30.00M
YoY Change 176.67% -6.25%
% of Gross Profit 7.76% 5.11%
Operating Expenses $305.0M $198.0M
YoY Change 54.04% 7.61%
Operating Profit $744.0M $389.0M
YoY Change 91.26% 5.42%
Interest Expense $73.00M $57.00M
YoY Change 28.07% 35.71%
% of Operating Profit 9.81% 14.65%
Other Income/Expense, Net $25.00M $0.00
YoY Change -100.0%
Pretax Income $716.0M $344.0M
YoY Change 108.14% -3.1%
Income Tax $227.0M $97.00M
% Of Pretax Income 31.7% 28.2%
Net Earnings $489.0M $247.0M
YoY Change 97.98% 2.92%
Net Earnings / Revenue 9.38% 6.33%
Basic Earnings Per Share $1.29 $0.97
Diluted Earnings Per Share $1.28 $0.96
COMMON SHARES
Basic Shares Outstanding 378.5M shares 254.3M shares
Diluted Shares Outstanding 383.0M shares 258.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $498.0M $679.0M
YoY Change -26.66% 385.0%
Cash & Equivalents $498.0M $679.0M
Short-Term Investments
Other Short-Term Assets $528.0M $26.00M
YoY Change 1930.77% -53.57%
Inventory
Prepaid Expenses $71.00M
Receivables $1.804B $1.152B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.830B $1.959B
YoY Change 44.46% 2.78%
LONG-TERM ASSETS
Property, Plant & Equipment $2.102B $1.056B
YoY Change 99.05% 6.99%
Goodwill $8.582B $947.0M
YoY Change 806.23% -1.56%
Intangibles $1.473B
YoY Change 1.45%
Long-Term Investments $762.0M $179.0M
YoY Change 325.7% -17.13%
Other Assets $442.0M $223.0M
YoY Change 98.21% -9.72%
Total Long-Term Assets $21.05B $4.691B
YoY Change 348.75% 6.25%
TOTAL ASSETS
Total Short-Term Assets $2.830B $1.959B
Total Long-Term Assets $21.05B $4.691B
Total Assets $23.88B $6.650B
YoY Change 259.11% 5.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $650.0M $621.0M
YoY Change 4.67% -2.97%
Accrued Expenses $2.363B $1.328B
YoY Change 77.94% -7.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $402.0M $303.0M
YoY Change 32.67% -50.65%
Total Short-Term Liabilities $5.363B $3.244B
YoY Change 65.32% -7.76%
LONG-TERM LIABILITIES
Long-Term Debt $7.911B $4.057B
YoY Change 95.0% 22.83%
Other Long-Term Liabilities $1.911B $1.091B
YoY Change 75.16% 17.69%
Total Long-Term Liabilities $1.911B $1.091B
YoY Change 75.16% 17.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.363B $3.244B
Total Long-Term Liabilities $1.911B $1.091B
Total Liabilities $7.274B $4.335B
YoY Change 67.8% -2.45%
SHAREHOLDERS EQUITY
Retained Earnings $7.040B $5.185B
YoY Change 35.78% 13.38%
Common Stock $5.717B $2.792B
YoY Change 104.76% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.700B $11.27B
YoY Change -31.65% 9.34%
Treasury Stock Shares
Shareholders Equity $4.901B -$3.462B
YoY Change
Total Liabilities & Shareholders Equity $23.88B $6.650B
YoY Change 259.11% 5.2%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $489.0M $247.0M
YoY Change 97.98% 2.92%
Depreciation, Depletion And Amortization $83.00M $30.00M
YoY Change 176.67% -6.25%
Cash From Operating Activities $724.0M $468.0M
YoY Change 54.7% -4.49%
INVESTING ACTIVITIES
Capital Expenditures -$56.00M -$36.00M
YoY Change 55.56% -57.14%
Acquisitions
YoY Change
Other Investing Activities $136.0M $28.00M
YoY Change 385.71% -93.89%
Cash From Investing Activities $80.00M -$8.000M
YoY Change -1100.0% -102.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.058B 120.0M
YoY Change -981.67% -114.22%
NET CHANGE
Cash From Operating Activities 724.0M 468.0M
Cash From Investing Activities 80.00M -8.000M
Cash From Financing Activities -1.058B 120.0M
Net Change In Cash -254.0M 580.0M
YoY Change -143.79% 2800.0%
FREE CASH FLOW
Cash From Operating Activities $724.0M $468.0M
Capital Expenditures -$56.00M -$36.00M
Free Cash Flow $780.0M $504.0M
YoY Change 54.76% -12.2%

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us-gaap Net Cash Provided By Used In Operating Activities
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CY2016Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
0 USD
us-gaap Noncash Merger Related Costs
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NotesAndLoansReceivableNetNoncurrent
275000000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
21000000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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340000000 USD
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us-gaap Operating Income Loss
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756000000 USD
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620000000 USD
us-gaap Operating Income Loss
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CY2017Q2 us-gaap Other Assets Noncurrent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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0 USD
CY2017Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
3000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
25000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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162000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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350000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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4000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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23000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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156000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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341000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2016Q4 us-gaap Other Liabilities Current
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CY2016Q4 us-gaap Other Liabilities Noncurrent
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CY2017Q2 us-gaap Other Liabilities Noncurrent
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1911000000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25000000 USD
us-gaap Other Nonoperating Income Expense
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25000000 USD
us-gaap Other Operating Activities Cash Flow Statement
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65000000 USD
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
16000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
249000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1328000000 USD
us-gaap Payments For Restructuring
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91000000 USD
us-gaap Payments Of Dividends Common Stock
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140000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
240000000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
37000000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
91000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
104000000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
230000000 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale And Collection Of Notes Receivable
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us-gaap Proceeds From Sale And Collection Of Notes Receivable
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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53000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
482000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2017Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2016Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
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us-gaap Reimbursement Revenue
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4488000000 USD
us-gaap Reimbursement Revenue
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8828000000 USD
us-gaap Repayments Of Long Term Debt
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294000000 USD
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301000000 USD
us-gaap Restructuring Charges
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0 USD
CY2016Q4 us-gaap Restructuring Reserve
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192000000 USD
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RestructuringReserve
97000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
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CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2017Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
11356000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2016Q4 us-gaap Stockholders Equity
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CY2017Q2 us-gaap Stockholders Equity
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us-gaap Treasury Stock Shares Acquired
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CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
7700000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1300000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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20000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
15000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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12000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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12000000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
9000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258700000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
383000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
386500000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254300000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
381700000 shares

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