2017 Q4 Form 10-Q Financial Statement

#000162828017011156 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $5.251B $5.078B $3.942B
YoY Change -3.76% 28.82% 10.17%
Cost Of Revenue $4.445B $4.001B $3.346B
YoY Change -2.82% 19.58% 9.38%
Gross Profit $806.0M $1.077B $596.0M
YoY Change -8.62% 80.7% 14.84%
Gross Profit Margin 15.35% 21.21% 15.12%
Selling, General & Admin $270.0M $205.0M $161.0M
YoY Change 15.38% 27.33% 8.05%
% of Gross Profit 33.5% 19.03% 27.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.00M $65.00M $36.00M
YoY Change -2.82% 80.56% 16.13%
% of Gross Profit 8.56% 6.04% 6.04%
Operating Expenses $323.0M $259.0M $197.0M
YoY Change 5.9% 31.47% 9.44%
Operating Profit $424.0M $790.0M $171.0M
YoY Change -3.85% 361.99% -49.56%
Interest Expense $610.0M $73.00M $55.00M
YoY Change -1151.72% 32.73% 27.91%
% of Operating Profit 143.87% 9.24% 32.16%
Other Income/Expense, Net $6.000M $3.000M
YoY Change 100.0%
Pretax Income $1.034B $738.0M $131.0M
YoY Change 169.97% 463.36% -57.61%
Income Tax $328.0M $253.0M $61.00M
% Of Pretax Income 31.72% 34.28% 46.56%
Net Earnings $114.0M $485.0M $70.00M
YoY Change -53.28% 592.86% -66.67%
Net Earnings / Revenue 2.17% 9.55% 1.78%
Basic Earnings Per Share $0.31 $1.30 $0.26
Diluted Earnings Per Share $0.31 $1.29 $0.26
COMMON SHARES
Basic Shares Outstanding 364.6M shares 372.3M shares 266.2M shares
Diluted Shares Outstanding 376.6M shares 270.5M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $383.0M $508.0M $1.078B
YoY Change -55.36% -52.88% 1034.74%
Cash & Equivalents $383.0M $508.0M $1.078B
Short-Term Investments
Other Short-Term Assets $384.0M $522.0M $65.00M
YoY Change 519.35% 703.08% 116.67%
Inventory
Prepaid Expenses $168.0M
Receivables $1.973B $1.914B $1.705B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.740B $2.944B $3.787B
YoY Change -18.72% -22.26% 119.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.793B $1.894B $2.411B
YoY Change -23.21% -21.44% 144.77%
Goodwill $9.207B $9.182B $7.175B
YoY Change 21.18% 27.97% 639.69%
Intangibles $8.544B
YoY Change -7.83%
Long-Term Investments $734.0M $720.0M $830.0M
YoY Change 1.52% -13.25% 377.01%
Other Assets $593.0M $400.0M $419.0M
YoY Change 24.32% -4.53% 69.64%
Total Long-Term Assets $21.11B $21.29B $21.22B
YoY Change 1.62% 0.36% 378.89%
TOTAL ASSETS
Total Short-Term Assets $2.740B $2.944B $3.787B
Total Long-Term Assets $21.11B $21.29B $21.22B
Total Assets $23.85B $24.24B $25.00B
YoY Change -1.22% -3.06% 306.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $783.0M $733.0M $667.0M
YoY Change 13.97% 9.9% 15.6%
Accrued Expenses $2.505B $2.518B $2.386B
YoY Change 9.63% 5.53% 72.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $398.0M $398.0M $316.0M
YoY Change 28.8% 25.95% -48.62%
Total Short-Term Liabilities $5.807B $5.608B $5.229B
YoY Change 12.82% 7.25% 49.02%
LONG-TERM LIABILITIES
Long-Term Debt $7.840B $8.271B $8.506B
YoY Change -4.36% -2.76% 130.58%
Other Long-Term Liabilities $2.610B $2.094B $1.580B
YoY Change 49.66% 32.53% 55.97%
Total Long-Term Liabilities $2.610B $2.094B $1.580B
YoY Change 49.66% 32.53% 55.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.807B $5.608B $5.229B
Total Long-Term Liabilities $2.610B $2.094B $1.580B
Total Liabilities $8.417B $7.702B $6.809B
YoY Change 22.14% 13.11% 50.57%
SHAREHOLDERS EQUITY
Retained Earnings $7.242B $7.310B $6.375B
YoY Change 11.4% 14.67% 34.49%
Common Stock $5.775B $5.749B $5.745B
YoY Change -0.65% 0.07% 105.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.418B $8.498B $6.110B
YoY Change 45.79% 39.08% -44.48%
Treasury Stock Shares
Shareholders Equity $3.582B $4.512B $5.841B
YoY Change
Total Liabilities & Shareholders Equity $23.85B $24.24B $25.00B
YoY Change -1.22% -3.06% 306.34%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $114.0M $485.0M $70.00M
YoY Change -53.28% 592.86% -66.67%
Depreciation, Depletion And Amortization $69.00M $65.00M $36.00M
YoY Change -2.82% 80.56% 16.13%
Cash From Operating Activities $476.0M $565.0M $344.0M
YoY Change 0.0% 64.24% 4.88%
INVESTING ACTIVITIES
Capital Expenditures -$85.00M -$51.00M -$54.00M
YoY Change 26.87% -5.56% -8.47%
Acquisitions
YoY Change
Other Investing Activities $969.0M $55.00M -$2.361B
YoY Change 568.28% -102.33% -3051.25%
Cash From Investing Activities $884.0M $4.000M -$2.415B
YoY Change 1033.33% -100.17% -11600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.465B -550.0M 2.470B
YoY Change 89.28% -122.27% -726.9%
NET CHANGE
Cash From Operating Activities 476.0M 565.0M 344.0M
Cash From Investing Activities 884.0M 4.000M -2.415B
Cash From Financing Activities -1.465B -550.0M 2.470B
Net Change In Cash -105.0M 19.00M 399.0M
YoY Change -52.27% -95.24% -986.67%
FREE CASH FLOW
Cash From Operating Activities $476.0M $565.0M $344.0M
Capital Expenditures -$85.00M -$51.00M -$54.00M
Free Cash Flow $561.0M $616.0M $398.0M
YoY Change 3.31% 54.77% 2.84%

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us-gaap Management Fees Base Revenue
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us-gaap Management Fees Base Revenue
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0 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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1000000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1000000 USD
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Restructuring
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110000000 USD
us-gaap Payments Of Dividends Common Stock
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257000000 USD
us-gaap Payments Of Dividends Common Stock
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362000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Intangible Assets
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55000000 USD
us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Issuance Of Common Stock
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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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0 USD
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2016Q3 us-gaap Reimbursement Revenue
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us-gaap Reimbursement Revenue
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4380000000 USD
us-gaap Reimbursement Revenue
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305000000 USD
us-gaap Restructuring Charges
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us-gaap Restructuring Reserve Accrual Adjustment1
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CY2016Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Share Based Compensation
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CY2016Q4 us-gaap Treasury Stock Value
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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262700000 shares
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378500000 shares

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