2017 Q4 Form 10-K Financial Statement

#000119312519061714 Filed on March 04, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016
Revenue $2.489B $4.136B $13.26B
YoY Change -39.81% 164.99% 124.22%
Cost Of Revenue $1.675B $2.613B $8.865B
YoY Change -35.89% 171.19% 145.5%
Gross Profit $813.8M $1.523B $2.971B
YoY Change -46.56% 154.97% 28.91%
Gross Profit Margin 32.69% 36.82% 22.4%
Selling, General & Admin $652.9M $973.7M $2.611B
YoY Change -32.95% 127.71% 65.87%
% of Gross Profit 80.23% 63.95% 87.87%
Research & Development $147.0M
YoY Change 30.55%
% of Gross Profit 4.95%
Depreciation & Amortization $159.8M $130.0M $437.2M
YoY Change 22.92% 202.33% 154.78%
% of Gross Profit 19.64% 8.54% 14.72%
Operating Expenses $652.9M $973.7M $2.758B
YoY Change -32.95% 127.71% 63.51%
Operating Profit $160.9M $549.0M $298.1M
YoY Change -70.69% 223.7% -50.43%
Interest Expense -$202.9M -$107.5M -$376.0M
YoY Change 88.74% 328.29% 313.19%
% of Operating Profit -126.1% -19.58% -126.13%
Other Income/Expense, Net $81.20M -$12.60M $172.5M
YoY Change -744.44% -506.45% -1626.55%
Pretax Income $20.00M $392.5M $18.80M
YoY Change -94.9% -522.95% -94.43%
Income Tax -$86.60M $226.6M $57.10M
% Of Pretax Income -433.0% 57.73% 303.72%
Net Earnings $1.653B $165.6M $527.8M
YoY Change 898.13% 1154.55% 50.8%
Net Earnings / Revenue 66.4% 4.0% 3.98%
Basic Earnings Per Share $1.25
Diluted Earnings Per Share $3.385M $336.5K $1.25
COMMON SHARES
Basic Shares Outstanding 490.1M shares 421.3M shares
Diluted Shares Outstanding 421.3M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $486.0M $588.0M $588.0M
YoY Change -17.35% 113.82% 113.82%
Cash & Equivalents $485.7M $587.5M $588.0M
Short-Term Investments
Other Short-Term Assets $6.698B $2.034B $2.034B
YoY Change 229.3% 726.83% 726.83%
Inventory $1.662B $2.116B $2.116B
Prepaid Expenses
Receivables $1.879B $2.747B $2.747B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.73B $7.485B $7.485B
YoY Change 43.31% 200.16% 200.12%
LONG-TERM ASSETS
Property, Plant & Equipment $972.4M $1.543B $1.543B
YoY Change -37.0% 157.58% 157.6%
Goodwill $7.802B $6.521B
YoY Change 19.65% 133.62%
Intangibles $10.20B $14.11B
YoY Change -27.72% 1226.67%
Long-Term Investments
YoY Change
Other Assets $377.8M $383.6M $479.0M
YoY Change -1.51% 40.31% 75.46%
Total Long-Term Assets $22.41B $26.35B $26.35B
YoY Change -14.96% 452.94% 457.5%
TOTAL ASSETS
Total Short-Term Assets $10.73B $7.485B $7.485B
Total Long-Term Assets $22.41B $26.35B $26.35B
Total Assets $33.14B $33.84B $33.84B
YoY Change -2.07% 366.11% 368.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.227B $1.519B $1.519B
YoY Change -19.23% 136.44% 136.6%
Accrued Expenses $1.110B $1.827B $1.827B
YoY Change -39.24% 99.89% 99.89%
Deferred Revenue
YoY Change
Short-Term Debt $662.8M $601.9M $0.00
YoY Change 10.12% 54.81% -100.0%
Long-Term Debt Due $662.0M $602.0M $602.0M
YoY Change 9.97% 10103.39%
Total Short-Term Liabilities $4.908B $4.292B $4.292B
YoY Change 14.35% 115.83% 115.79%
LONG-TERM LIABILITIES
Long-Term Debt $9.889B $11.29B $11.29B
YoY Change -12.41% 323.02% 323.04%
Other Long-Term Liabilities $1.362B $1.787B $1.787B
YoY Change -23.79% 225.69% 225.5%
Total Long-Term Liabilities $11.25B $13.08B $13.08B
YoY Change -13.97% 306.42% 306.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.908B $4.292B $4.292B
Total Long-Term Liabilities $11.25B $13.08B $13.08B
Total Liabilities $18.95B $22.45B $22.49B
YoY Change -15.58% 331.25% 316.62%
SHAREHOLDERS EQUITY
Retained Earnings $4.611B $2.290B
YoY Change 101.37% 9.52%
Common Stock $10.87B $10.65B
YoY Change 2.08% 877.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $573.5M $545.3M
YoY Change 5.17% 4.24%
Treasury Stock Shares 22.90M shares 22.30M shares
Shareholders Equity $14.14B $11.35B $11.35B
YoY Change
Total Liabilities & Shareholders Equity $33.14B $33.84B $33.84B
YoY Change -2.07% 366.11% 368.61%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016
OPERATING ACTIVITIES
Net Income $1.653B $165.6M $527.8M
YoY Change 898.13% 1154.55% 50.8%
Depreciation, Depletion And Amortization $159.8M $130.0M $437.2M
YoY Change 22.92% 202.33% 154.78%
Cash From Operating Activities $990.0M $991.7M $1.840B
YoY Change -0.17% 257.11% 210.41%
INVESTING ACTIVITIES
Capital Expenditures -$113.3M -$153.9M -$441.4M
YoY Change -26.38% 171.43% 108.8%
Acquisitions $8.635B
YoY Change 1405.18%
Other Investing Activities $8.400M $3.000M -$24.60M
YoY Change 180.0% -100.66% 37.43%
Cash From Investing Activities -$104.9M -$150.9M -$8.825B
YoY Change -30.48% -70.42% 1257.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.100B
YoY Change
Cash From Financing Activities -1.190B -902.9M 7.329B
YoY Change 31.79% -473.25% 4947.18%
NET CHANGE
Cash From Operating Activities 990.0M 991.7M 1.840B
Cash From Investing Activities -104.9M -150.9M -8.825B
Cash From Financing Activities -1.190B -902.9M 7.329B
Net Change In Cash -304.8M -62.10M 344.1M
YoY Change 390.82% -760.64% 290.14%
FREE CASH FLOW
Cash From Operating Activities $990.0M $991.7M $1.840B
Capital Expenditures -$113.3M -$153.9M -$441.4M
Free Cash Flow $1.103B $1.146B $2.282B
YoY Change -3.69% 242.58% 183.7%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of these consolidated financial statements requires the use of certain estimates by management in determining the Company&#x2019;s assets, liabilities, sales and expenses, and related disclosures. Actual results could differ from those estimates.</p> </div>
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