2015 Q4 Form 10-Q Financial Statement

#000007014516000095 Filed on February 05, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $375.2M $523.9M
YoY Change -28.38% -4.76%
Cost Of Revenue $42.10M $127.1M
YoY Change -66.88% -24.16%
Gross Profit $333.1M $396.8M
YoY Change -16.05% 3.74%
Gross Profit Margin 88.78% 75.74%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.55M $102.7M
YoY Change -31.34% 10.35%
% of Gross Profit 21.18% 25.89%
Operating Expenses $681.1M $363.3M
YoY Change 87.46% -6.71%
Operating Profit -$305.9M $160.6M
YoY Change -290.53% -0.01%
Interest Expense -$30.00M -$21.80M
YoY Change 37.61% -5.63%
% of Operating Profit -13.58%
Other Income/Expense, Net $2.400M $1.200M
YoY Change 100.0% 500.0%
Pretax Income -$333.5M $139.9M
YoY Change -338.36% 1.61%
Income Tax -$144.4M $55.16M
% Of Pretax Income 39.43%
Net Earnings -$189.1M $84.74M
YoY Change -323.16% 3.03%
Net Earnings / Revenue -50.4% 16.18%
Basic Earnings Per Share -$2.23 $1.01
Diluted Earnings Per Share -$2.23 $1.00
COMMON SHARES
Basic Shares Outstanding 84.65M shares 84.21M shares
Diluted Shares Outstanding 84.65M shares 85.12M shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.30M $43.90M
YoY Change -17.31% 83.68%
Cash & Equivalents $36.33M $43.92M
Short-Term Investments
Other Short-Term Assets $66.15M $68.05M
YoY Change -2.8% -56.98%
Inventory $61.20M $54.00M
Prepaid Expenses
Receivables $211.1M $166.9M
Other Receivables $7.100M $0.00
Total Short-Term Assets $424.5M $452.2M
YoY Change -6.11% 10.42%
LONG-TERM ASSETS
Property, Plant & Equipment $4.883B $5.854B
YoY Change -16.59% 12.02%
Goodwill $5.476M $5.476M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $108.2M $87.50M
YoY Change 23.66% -11.97%
Other Assets $162.0K $184.0K
YoY Change -11.96% -99.96%
Total Long-Term Assets $883.0M $839.2M
YoY Change 5.22% -85.67%
TOTAL ASSETS
Total Short-Term Assets $424.5M $452.2M
Total Long-Term Assets $883.0M $839.2M
Total Assets $6.190B $7.145B
YoY Change -13.36% 14.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.9M $125.8M
YoY Change 0.87% 3.47%
Accrued Expenses $28.05M $31.31M
YoY Change -10.43% -74.1%
Deferred Revenue
YoY Change
Short-Term Debt $31.40M $172.9M
YoY Change -81.84%
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $411.1M $570.5M
YoY Change -27.94% 75.93%
LONG-TERM LIABILITIES
Long-Term Debt $2.085B $1.649B
YoY Change 26.42% 0.0%
Other Long-Term Liabilities $882.6M $741.8M
YoY Change 18.98% 2.7%
Total Long-Term Liabilities $1.882B $2.322B
YoY Change -18.97% -2.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $411.1M $570.5M
Total Long-Term Liabilities $1.882B $2.322B
Total Liabilities $2.293B $2.893B
YoY Change -20.74% -27.93%
SHAREHOLDERS EQUITY
Retained Earnings $880.6M $1.667B
YoY Change -47.16% 11.6%
Common Stock $84.74M $84.26M
YoY Change 0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.813B $2.603B
YoY Change
Total Liabilities & Shareholders Equity $6.190B $7.145B
YoY Change -13.36% 14.05%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income -$189.1M $84.74M
YoY Change -323.16% 3.03%
Depreciation, Depletion And Amortization $70.55M $102.7M
YoY Change -31.34% 10.35%
Cash From Operating Activities $114.1M $189.1M
YoY Change -39.66% 7.02%
INVESTING ACTIVITIES
Capital Expenditures $186.4M $244.9M
YoY Change -23.88% 25.66%
Acquisitions
YoY Change
Other Investing Activities $15.76M $1.229M
YoY Change 1182.02% -134.0%
Cash From Investing Activities -$191.6M -$246.2M
YoY Change -22.18% 28.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 64.10M
YoY Change -99.53% -342.8%
NET CHANGE
Cash From Operating Activities 114.1M 189.1M
Cash From Investing Activities -191.6M -246.2M
Cash From Financing Activities 300.0K 64.10M
Net Change In Cash -77.20M 7.000M
YoY Change -1202.86% -117.07%
FREE CASH FLOW
Cash From Operating Activities $114.1M $189.1M
Capital Expenditures $186.4M $244.9M
Free Cash Flow -$72.34M -$55.83M
YoY Change 29.57% 206.41%

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P12Y
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1614361000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q4 us-gaap Share Based Compensation
ShareBasedCompensation
3078000 USD
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ShareBasedCompensation
960000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
31400000 USD
CY2015Q4 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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32113 shares
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31810 shares
CY2015Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
52000 shares
CY2015Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
36088 shares
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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20929000 USD
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280400000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Utilities Operating Expense Maintenance And Operations
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112582000 USD
CY2015Q4 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
112692000 USD
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85118516 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84208645 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84651233 shares
CY2015Q4 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassification.</font><font style="font-family:inherit;font-size:10pt;"> Due to the adoption of the authoritative guidance regarding the presentation of deferred income taxes, certain prior year amounts have been reclassified to conform with current year presentation. The Company reclassified Deferred Income Taxes of </font><font style="font-family:inherit;font-size:10pt;">$137.2 million</font><font style="font-family:inherit;font-size:10pt;"> previously shown as Current Assets to Deferred Income Taxes shown as Deferred Credits on the Consolidated Balance Sheet at September 30, 2015.</font></div></div>

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