2018 Q1 Form 10-Q Financial Statement

#000106528018000205 Filed on April 18, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $3.701B $2.637B
YoY Change 40.36% 34.68%
Cost Of Revenue $2.301B $1.741B
YoY Change 32.16% 22.71%
Gross Profit $1.400B $895.9M
YoY Change 56.3% 52.31%
Gross Profit Margin 37.84% 33.98%
Selling, General & Admin $671.4M $405.1M
YoY Change 65.74% 33.65%
% of Gross Profit 47.95% 45.22%
Research & Development $282.3M $257.1M
YoY Change 9.8% 26.34%
% of Gross Profit 20.16% 28.7%
Depreciation & Amortization $1.768B $1.321B
YoY Change 33.86% 23.05%
% of Gross Profit 126.25% 147.42%
Operating Expenses $953.7M $662.2M
YoY Change 44.02% 30.71%
Operating Profit $446.6M $256.9M
YoY Change 73.8% 419.57%
Interest Expense $81.22M $46.74M
YoY Change 73.76% 31.53%
% of Operating Profit 18.19% 18.19%
Other Income/Expense, Net -$65.74M $13.59M
YoY Change -583.69% -47.65%
Pretax Income $299.6M $223.8M
YoY Change 33.88% 461.18%
Income Tax $9.492M $45.57M
% Of Pretax Income 3.17% 20.36%
Net Earnings $290.1M $178.2M
YoY Change 62.79% 544.38%
Net Earnings / Revenue 7.84% 6.76%
Basic Earnings Per Share $0.67 $0.41
Diluted Earnings Per Share $0.64 $0.40
COMMON SHARES
Basic Shares Outstanding 434.2M shares 430.6M shares
Diluted Shares Outstanding 450.4M shares 445.5M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.594B $1.341B
YoY Change 93.44% -35.28%
Cash & Equivalents $2.594B $1.078B
Short-Term Investments $263.0M
Other Short-Term Assets $597.4M $292.5M
YoY Change 104.24% 37.5%
Inventory
Prepaid Expenses
Receivables $4.627B $4.027B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.818B $5.660B
YoY Change 38.11% 2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $341.9M $275.1M
YoY Change 24.3% 65.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $678.5M $394.6M
YoY Change 71.96% 35.12%
Total Long-Term Assets $12.34B $8.699B
YoY Change 41.8% 52.12%
TOTAL ASSETS
Total Short-Term Assets $7.818B $5.660B
Total Long-Term Assets $12.34B $8.699B
Total Assets $20.15B $14.36B
YoY Change 40.35% 27.5%
SHORT-TERM LIABILITIES
YoY Change 15.66% 22.75%
Accounts Payable $436.2M $294.8M
YoY Change 47.94% 27.13%
Accrued Expenses $429.4M $296.3M
YoY Change 44.95% 63.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.006B $4.911B
YoY Change 22.28% 24.85%
LONG-TERM LIABILITIES
Long-Term Debt $6.542B $3.365B
YoY Change 94.4% 41.87%
Other Long-Term Liabilities $139.6M $73.32M
YoY Change 90.43% 38.1%
Total Long-Term Liabilities $10.13B $6.474B
YoY Change 56.41% 29.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.006B $4.911B
Total Long-Term Liabilities $10.13B $6.474B
Total Liabilities $16.13B $11.39B
YoY Change 41.69% 27.28%
SHAREHOLDERS EQUITY
Retained Earnings $2.021B $1.350B
YoY Change 49.68% 39.28%
Common Stock $1.995B $1.669B
YoY Change 19.54% 20.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.021B $2.974B
YoY Change
Total Liabilities & Shareholders Equity $20.15B $14.36B
YoY Change 40.35% 27.5%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $290.1M $178.2M
YoY Change 62.79% 544.38%
Depreciation, Depletion And Amortization $1.768B $1.321B
YoY Change 33.86% 23.05%
Cash From Operating Activities -$236.8M -$343.9M
YoY Change -31.15% 50.42%
INVESTING ACTIVITIES
Capital Expenditures $37.17M $52.52M
YoY Change -29.23% 523.42%
Acquisitions
YoY Change
Other Investing Activities $1.786M $769.0K
YoY Change 132.25% 116.01%
Cash From Investing Activities -$49.75M -$75.59M
YoY Change -34.18% -1873.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $56.01M $24.24M
YoY Change 131.09% 62.6%
NET CHANGE
Cash From Operating Activities -$236.8M -$343.9M
Cash From Investing Activities -$49.75M -$75.59M
Cash From Financing Activities $56.01M $24.24M
Net Change In Cash -$223.3M -$395.2M
YoY Change -43.49% 88.72%
FREE CASH FLOW
Cash From Operating Activities -$236.8M -$343.9M
Capital Expenditures $37.17M $52.52M
Free Cash Flow -$273.9M -$396.4M
YoY Change -30.89% 67.24%

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CY2018Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2706000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24821000 USD
CY2017Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
451399000 USD
CY2018Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
578981000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
135246000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
139631000 USD
CY2017Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-21666000 USD
CY2018Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8209000 USD
CY2017Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
769000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1786000 USD
CY2017Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
57774000 USD
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52523000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37170000 USD
CY2017Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5100000 USD
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
61000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-321000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
55748000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24178000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
56335000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
641218000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
679798000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
319404000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
341932000 USD
CY2017Q4 us-gaap Purchase Obligation
PurchaseObligation
17700000000 USD
CY2017Q4 us-gaap Purchase Obligation
PurchaseObligation
17694642000 USD
CY2018Q1 us-gaap Purchase Obligation
PurchaseObligation
17937682000 USD
CY2017Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
143535000 USD
CY2018Q1 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
123272000 USD
CY2017Q4 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
1894001000 USD
CY2018Q1 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
1849029000 USD
CY2017Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
7446947000 USD
CY2018Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
7949544000 USD
CY2017Q4 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
8210159000 USD
CY2018Q1 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
8015837000 USD
CY2017Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
257108000 USD
CY2018Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
300730000 USD
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
4367000 USD
CY2018Q1 us-gaap Restricted Cash
RestrictedCash
4531000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
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2072296000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1867506000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1731117000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2021241000 USD
CY2017Q1 us-gaap Revenues
Revenues
2636635000 USD
CY2018Q1 us-gaap Revenues
Revenues
3700856000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
44888000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
68395000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.37
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.40
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0245
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0261
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10739915 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10186695 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
107097000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
277910000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
553220 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
62.36
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
123.63
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4775786000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21647350 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20935953 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
61.13
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
67.24
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
4775786000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
20935953 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
67.24
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
43.84
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
252.69
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M28D
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y10M28D
CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1264617 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3581956000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
4020730000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42900000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
47800000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
44500000 USD
CY2017Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
10200000000 USD
CY2018Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
10000000000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
445458000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
450359000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
430600000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
434174000 shares
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant items subject to such estimates and assumptions include the streaming content asset amortization policy and the recognition and measurement of income tax assets and liabilities. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. On a regular basis, the Company evaluates the assumptions, judgments and estimates. Actual results may differ from these estimates.</font></div></div>

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0001065280-18-000205.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link completed
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