2018 Form 10-K Financial Statement

#000125860219000022 Filed on February 27, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $924.3M $345.0M $0.00
YoY Change -5.22%
Cost Of Revenue $76.49M $175.2M $17.78M
YoY Change 30.47% 60.73%
Gross Profit $847.8M $169.7M -$17.78M
YoY Change -1546.02% -33.42%
Gross Profit Margin 91.72% 49.19%
Selling, General & Admin $436.2M $81.20M $74.20M
YoY Change 44.48% 19.41% 16.48%
% of Gross Profit 51.45% 47.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $184.7M $38.00M $7.700M
YoY Change 34.0% -1.3% 32.76%
% of Gross Profit 21.78% 22.39%
Operating Expenses $689.4M $129.5M $121.8M
YoY Change 42.28% 27.09% 14.02%
Operating Profit $158.4M $40.20M -$139.5M
YoY Change -129.16% -73.73% 30.67%
Interest Expense $669.9M $121.7M
YoY Change 44.01% 26.21%
% of Operating Profit 422.95%
Other Income/Expense, Net $166.3M $38.46M $29.50M
YoY Change 16.21% 23.08% 11.78%
Pretax Income $286.3M $40.20M $69.10M
YoY Change 26.3% -73.74% -47.68%
Income Tax $58.77M -$5.486M $25.56M
% Of Pretax Income 20.53% -13.65% 36.99%
Net Earnings $227.9M $48.10M $46.30M
YoY Change 31.62% -51.09% -45.07%
Net Earnings / Revenue 24.66% 13.94%
Basic Earnings Per Share
Diluted Earnings Per Share $5.641M $1.173M $1.113M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.0M $67.00M $254.0M
YoY Change 80.6% -4.29% 279.1%
Cash & Equivalents $121.0M $66.75M $254.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $60.00M $54.00M $71.00M
Other Receivables $679.0M $431.0M $396.0M
Total Short-Term Assets $860.0M $552.0M $721.0M
YoY Change 55.8% 9.31% 43.63%
LONG-TERM ASSETS
Property, Plant & Equipment $345.0M $248.1M $208.4M
YoY Change 39.11% 100.39% 93.89%
Goodwill $138.8M $147.3M
YoY Change -5.81% 0.0%
Intangibles $38.43M $40.74M
YoY Change -19.63% -20.06%
Long-Term Investments $249.0M $241.0M $277.0M
YoY Change 3.32% -5.12% 7.36%
Other Assets $1.071B $875.0M $831.0M
YoY Change 22.4% -20.53% -13.8%
Total Long-Term Assets $24.36B $23.41B $24.05B
YoY Change 4.05% -12.27% -11.48%
TOTAL ASSETS
Total Short-Term Assets $860.0M $552.0M $721.0M
Total Long-Term Assets $24.36B $23.41B $24.05B
Total Assets $25.22B $23.96B $24.77B
YoY Change 5.25% -11.87% -10.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $370.0M $187.0M $105.0M
YoY Change 97.86% 55.83% 14.13%
Accrued Expenses $62.00M $50.00M $48.00M
YoY Change 24.0% 8.7% 11.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $432.0M $237.0M $153.0M
YoY Change 82.28% 42.77% 13.33%
LONG-TERM LIABILITIES
Long-Term Debt $22.22B $21.36B $22.24B
YoY Change 4.04% -13.42% -12.17%
Other Long-Term Liabilities $256.0M $205.0M $245.0M
YoY Change 24.88% -28.82% 5.15%
Total Long-Term Liabilities $22.48B $21.56B $22.49B
YoY Change 4.23% -13.6% -12.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $432.0M $237.0M $153.0M
Total Long-Term Liabilities $22.48B $21.56B $22.49B
Total Liabilities $22.92B $21.80B $22.64B
YoY Change 5.05% -13.23% -11.87%
SHAREHOLDERS EQUITY
Retained Earnings $2.144B $2.107B
YoY Change 4.28% 6.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.304B $2.150B $2.112B
YoY Change
Total Liabilities & Shareholders Equity $25.22B $23.96B $24.77B
YoY Change 5.25% -11.87% -10.48%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $227.9M $48.10M $46.30M
YoY Change 31.62% -51.09% -45.07%
Depreciation, Depletion And Amortization $184.7M $38.00M $7.700M
YoY Change 34.0% -1.3% 32.76%
Cash From Operating Activities $270.9M $92.00M $98.20M
YoY Change -15.94% 38.35% 17.46%
INVESTING ACTIVITIES
Capital Expenditures $125.0M -$49.30M -$35.90M
YoY Change -19.86% 137.02% 108.72%
Acquisitions $12.56M
YoY Change
Other Investing Activities $67.04M $476.7M $734.2M
YoY Change 128.5% -22.64% -30.2%
Cash From Investing Activities -$732.4M $427.4M $698.3M
YoY Change -124.83% -28.22% -32.51%
FINANCING ACTIVITIES
Cash Dividend Paid $26.84M
YoY Change 11.38%
Common Stock Issuance & Retirement, Net $43.97M
YoY Change -35.54%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $711.8M -932.3M -611.3M
YoY Change -120.33% 41.41% -44.94%
NET CHANGE
Cash From Operating Activities $270.9M 92.00M 98.20M
Cash From Investing Activities -$732.4M 427.4M 698.3M
Cash From Financing Activities $711.8M -932.3M -611.3M
Net Change In Cash $250.3M -412.9M 185.2M
YoY Change -209.67% -15980.77% 2244.3%
FREE CASH FLOW
Cash From Operating Activities $270.9M $92.00M $98.20M
Capital Expenditures $125.0M -$49.30M -$35.90M
Free Cash Flow $145.9M $141.3M $134.1M
YoY Change -12.27% 61.86% 33.04%

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Description of Business<div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">Nelnet, Inc. and its subsidiaries (“Nelnet” or the “Company”) is a diverse company with a focus on delivering education-related products and services and loan asset management. The largest operating businesses engage in loan servicing; education technology, services, and payment processing; and communications. A significant portion of the Company's revenue is net interest income earned on a portfolio of federally insured student loans. The Company also makes investments to further diversify the Company both within and outside of its historical core education-related businesses, including, but not limited to, investments in real estate and early-stage and emerging growth companies. Substantially all revenue from external customers is earned, and all long-lived assets are located, in the United States.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The Company was formed as a Nebraska corporation in 1978 to service federal student loans for two local banks. The Company built on this initial foundation as a servicer to become a leading originator, holder, and servicer of federal student loans, principally consisting of loans originated under the Federal Family Education Loan Program (“FFELP” or “FFEL Program”) of the U.S. Department of Education (the “Department”). </span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The Health Care and Education Reconciliation Act of 2010 (the "Reconciliation Act of 2010”) discontinued new loan originations under the FFEL Program, effective July 1, 2010, and requires that all new federal student loan originations be made directly by the Department through the Federal Direct Loan Program. This law does not alter or affect the terms and conditions of existing FFELP loans. As a result of this law, the Company no longer originates new FFELP loans. To reduce its reliance on interest income on student loans, the Company has expanded its services and products. This expansion has been accomplished through internal growth and innovation as well as business acquisitions.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The Company has four reportable operating segments. The Company's reportable operating segments include:</span></div><div style="text-indent:31.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:1pt;"> Loan Servicing and Systems</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> ("LSS")</span></div><div style="text-indent:31.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:1pt;"> Education Technology, Services, and Payment Processing</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> ("ETS&amp;PP")</span></div><div style="text-indent:31.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:1pt;"> Communications</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> </span></div><div style="text-indent:31.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:1pt;"> Asset Generation and Management</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;"> ("AGM")</span></div><div style="text-align:justify;"><span><br/></span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">During the first quarter of 2018, the Company changed the name of the Tuition Payment Processing and Campus Commerce operating segment to Education Technology, Services, and Payment Processing to better describe the evolution of services this operating segment provides. In addition, the Loan Systems and Servicing segment was retitled as Loan Servicing and Systems. As a result, the line items "tuition payment processing, school information, and campus commerce revenue" and "loan systems and servicing revenue" on the consolidated statements of income were changed to "education technology, services, and payment processing revenue" and "loan servicing and systems revenue," respectively.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">A description of each reportable operating segment is included below. See note 14 for additional information on the Company's segment reporting.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Loan Servicing and Systems</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The primary service offerings of the Loan Servicing and Systems operating segment include:</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Servicing federally-owned student loans for the Department of Education</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Servicing FFELP loans</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Originating and servicing private education and consumer loans</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Providing student loan servicing software and other information technology products and services</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Providing outsourced services including call center, processing, and marketing services</span></div><div><span><br/></span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">LSS provides for the servicing of the Company's student loan portfolio and the portfolios of third parties. The loan servicing activities include loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. These activities are performed internally for the Company's portfolio in addition to generating external fee revenue when performed for third-party clients. </span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:115%;">On February 7, 2018, the Company acquired Great Lakes Educational Loan Services, Inc. ("Great Lakes"). See note 7 for additional information related to this acquisition. Nelnet Servicing, LLC, ("Nelnet Servicing"), a subsidiary of the Company, and Great Lakes are two of four private sector companies (referred to as Title IV Additional Servicers, or "TIVAS") awarded a student loan servicing contract by the Department to provide additional servicing capacity for loans owned by the Department. </span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">This operating segment also provides student loan servicing software, which is used internally by the Company and licensed to third-party student loan holders and servicers. These software systems have been adapted so that they can be offered as hosted servicing software solutions usable by third parties to service various types of student loans, including Federal Direct Loan Program and FFEL Program loans. </span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">This segment also provides business process outsourcing specializing in contact center management. The contact center solutions and services include taking inbound calls, helping with outreach campaigns and sales, and interacting with customers through multi-channels.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Education Technology, Services, and Payment Processing</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">ETS&amp;PP provides products and services to help students and families manage the payment of education costs at all levels (K-12 and higher education). It also provides innovative education-focused technologies, services, and support solutions to help schools automate administrative processes and collect and process commerce data.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">In the K-12 market, the Company (known as FACTS Management) offers (i) actively managed tuition payment plans and billing services; (ii) assistance with financial needs assessment and donor management; (iii) school information system software that helps schools automate administrative processes such as admissions, enrollment, scheduling, student billing, attendance, and grade book management; (iv) professional development and educational instruction services; and (v) innovative technology products that aid in teacher and student evaluations. In the higher education market (known as Nelnet Campus Commerce) the Company offers two principal products: actively managed tuition payment plans, and education technologies and payment processing.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:115%;">Outside of the education market, the Company also offers technology and payments services including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software. In addition, this operating segment offers mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Communications</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">ALLO Communications LLC (“ALLO”) provides pure fiber optic service to homes and businesses for internet, television, and telephone services. The acquisition of ALLO in 2015 provides additional diversification of the Company's revenues and cash flows outside of education. In addition, the acquisition leverages the Company's existing infrastructure, customer service capabilities and call centers, and financial strength and liquidity for continued growth.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:115%;">ALLO derives its revenue primarily from the sale of communication services to residential and business customers in Nebraska and Colorado. Internet and television services include revenue from residential and business customers for subscriptions to ALLO's data and video products. ALLO data services provide high-speed internet access over ALLO's all-fiber network at various symmetrical speeds of up to 1 gigabit per second for residential customers and is capable of providing symmetrical speeds of over 1 gigabit per second for business customers. Telephone services include local and long distance telephone service, hostedPBX services, and other basic services.</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Asset Generation and Management </span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">The Company's Asset Generation and Management operating segment includes the acquisition, management, and ownership of the Company's loan assets. Substantially all loan assets included in this segment are student loans originated under the FFEL Program, including the Stafford Loan Program, the PLUS Loan program, and loans that reflect the consolidation into a single loan of certain previously separate borrower obligations (“Consolidation” loans). The Company also acquires private education and consumer loans. The Company generates a substantial portion of its earnings from the spread, referred to as the Company's loan spread, between the yield it receives on its loan portfolio and the associated costs to finance such portfolio. The student loan assets are held in a series of education lending subsidiaries and associated securitization trusts designed specifically for this purpose. In addition to the loan spread earned on its portfolio, all costs and activity associated with managing the portfolio, such as servicing of the assets and debt maintenance, are included in this segment.</span></div><div style="margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Corporate and Other Activities</span></div><div style="text-align:justify;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">Other business activities and operating segments that are not reportable are combined and included in Corporate and Other Activities. Corporate and Other Activities include the following items:</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">The operating results of Whitetail Rock Capital Management, LLC ("WRCM"), the Company's SEC-registered investment advisor subsidiary</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Income earned on certain investment activities, including real estate</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Interest expense incurred on unsecured debt transactions</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;padding-left:14.5pt;">Other product and service offerings that are not considered reportable operating segments</span></div><div style="padding-left:36pt;text-align:justify;"><span><br/></span></div><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:Times New Roman;font-size:10pt;line-height:120%;">Corporate and Other Activities also include certain corporate activities and overhead functions related to executive management, internal audit, human resources, accounting, legal, enterprise risk management, information technology, occupancy, and marketing. These costs are allocated to each operating segment based on estimated use of such activities and services.</span></div>
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1818000 USD
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818000 USD
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0 USD
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11600000 USD
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-1457000 USD
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47931000 USD
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5109000 USD
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0 USD
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53040000 USD
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12909000 USD
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5145000 USD
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407000 USD
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60840000 USD
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10254000 USD
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407000 USD
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240538000 USD
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7200000 USD
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800000 USD
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19160000 USD
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38427000 USD
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30200000 USD
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9400000 USD
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7172000 USD
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6925000 USD
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32757000 USD
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29515000 USD
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18761000 USD
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114290000 USD
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3626000 USD
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3600000 USD
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5000000.0 USD
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344784000 USD
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248051000 USD
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56700000 USD
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30200000 USD
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22400000 USD
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5000000 shares
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2300000 shares
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69091000 USD
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33.90
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46.77
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2038368 shares
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45331000 USD
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52.22
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68896000 USD
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5.57
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4.14
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6.02
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18500000 USD
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5200000 USD
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5200000 USD
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28004000 USD
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1405000 USD
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145000 USD
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2044000 USD
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2903000 USD
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915000 USD
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0 USD
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5109000 USD
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356000 USD
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2401000 USD
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2275000 USD
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23445000 USD
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28421000 USD
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4900000 USD
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4500000 USD
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400000 USD
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800000 USD
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300000 USD
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111302000 USD
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1969000 USD
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1246000 USD
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3019000 USD
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66407000 USD
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114308000 USD
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6618000 USD
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81000 USD
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108000 USD
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27005000 USD
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0
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0
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0
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0.205
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3254000 USD
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2246000 USD
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2041000 USD
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1744000 USD
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2014000 USD
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2970000 USD
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2899000 USD
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38996000 USD
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38996000 USD
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26637000 USD
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527000 USD
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254000 USD
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38469000 USD
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26383000 USD
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47488000 USD
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6243000 USD
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9469000 USD
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4958000 USD
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8001000 USD
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1363000 USD
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1767000 USD
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21474000 USD
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22042000 USD
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23051000 USD
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9903000 USD
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0 USD
CY2018Q4 wfx Deferred Tax Liabilities Debt Repurchases
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0 USD
CY2017Q4 wfx Deferred Tax Liabilities Debt Repurchases
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3856000 USD
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644000 USD
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823000 USD
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97152000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
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63930000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
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58683000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
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37547000 USD
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6400000 USD
CY2017Q4 us-gaap Income Tax Receivable
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42400000 USD
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4 operating_segment
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254360000 USD
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23000000 USD
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231360000 USD
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0 USD
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54446000 USD
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359000 USD
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70071000 USD
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484538000 USD
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226684000 USD
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1014000 USD
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832532000 USD
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76492000 USD
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436179000 USD
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86896000 USD
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12059000 USD
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165972000 USD
CY2018 wfx Intersegment Expenses
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0 USD
CY2018 us-gaap Operating Expenses
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701106000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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286294000 USD
CY2018 us-gaap Income Tax Expense Benefit
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58770000 USD
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227524000 USD
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227913000 USD
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770426000 USD
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465188000 USD
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305238000 USD
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14450000 USD
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290788000 USD
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0 USD
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52826000 USD
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2902000 USD
CY2017 wfx Derivative Settlements Expense Income
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667000 USD
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-19221000 USD
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479062000 USD
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58628000 USD
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301885000 USD
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39541000 USD
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22734000 USD
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120378000 USD
CY2017 wfx Intersegment Expenses
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0 USD
CY2017 us-gaap Income Tax Expense Benefit
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64863000 USD
CY2017 us-gaap Profit Loss
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161821000 USD
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-11345000 USD
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173166000 USD
CY2017Q4 us-gaap Assets
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