2016 Q4 Form 10-Q Financial Statement

#000158420716000126 Filed on November 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $768.0M $770.0M $427.0M
YoY Change 11.3% 80.33% -11.59%
Cost Of Revenue $201.0M $215.0M $171.0M
YoY Change -6.51% 25.73% -5.05%
Gross Profit $715.0M $713.0M $303.0M
YoY Change 22.64% 135.31% -69.36%
Gross Profit Margin 93.1% 92.6% 70.96%
Selling, General & Admin $191.0M $191.0M $100.0M
YoY Change 6.11% 91.0% 5.6%
% of Gross Profit 26.71% 26.79% 33.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $105.0M $115.0M $28.00M
YoY Change -14.63% 310.71%
% of Gross Profit 14.69% 16.13% 9.24%
Operating Expenses $652.0M $659.0M $269.0M
YoY Change -23.47% 144.98% -8.19%
Operating Profit $63.00M $54.00M $34.00M
YoY Change -123.42% 58.82% -95.11%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $29.00M $33.00M $20.00M
YoY Change -109.6% 65.0% -96.9%
Income Tax $2.000M $8.000M $1.000M
% Of Pretax Income 6.9% 24.24% 5.0%
Net Earnings $27.00M $25.00M -$13.00M
YoY Change -113.71% -292.31% -103.02%
Net Earnings / Revenue 3.52% 3.25% -3.04%
Basic Earnings Per Share $0.20 $0.19 -$0.10
Diluted Earnings Per Share $0.20 $0.19 -$0.10
COMMON SHARES
Basic Shares Outstanding 134.8M shares 134.7M shares 134.5M shares
Diluted Shares Outstanding 135.0M shares 134.5M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.343B $2.446B $5.607B
YoY Change -16.5% -56.38% 51.77%
Cash & Equivalents $579.0M $658.0M $3.865B
Short-Term Investments $1.764B $1.788B $1.742B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $579.0M $658.0M $3.865B
YoY Change -38.34% -82.98% 96.09%
LONG-TERM ASSETS
Property, Plant & Equipment $167.0M
YoY Change -6.7%
Goodwill $1.422B $1.422B
YoY Change -1.25%
Intangibles $492.0M $507.0M
YoY Change -11.99%
Long-Term Investments $1.764B $1.788B $1.000M
YoY Change 176300.0% 178700.0% 100.0%
Other Assets $568.0M $558.0M $270.0M
YoY Change -15.98% 106.67% -13.74%
Total Long-Term Assets $17.54B $17.70B $9.300B
YoY Change -13.37% 90.27% 0.4%
TOTAL ASSETS
Total Short-Term Assets $579.0M $658.0M $3.865B
Total Long-Term Assets $17.54B $17.70B $9.300B
Total Assets $18.12B $18.35B $13.17B
YoY Change -14.47% 39.41% 17.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
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
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $13.96B $13.99B $9.555B
YoY Change -19.31% 46.46% 21.6%
Other Long-Term Liabilities $1.089B $1.241B $761.0M
YoY Change -3.71% 63.07% 2.7%
Total Long-Term Liabilities $15.05B $15.24B $10.32B
YoY Change -18.35% 47.68% 19.97%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $15.05B $15.24B $10.32B
Total Liabilities $15.06B $15.31B $10.46B
YoY Change -18.43% 46.41% 19.45%
SHAREHOLDERS EQUITY
Retained Earnings $1.523B $1.496B $1.469B
YoY Change 16.44% 1.84% -4.5%
Common Stock $1.549B $1.546B $1.525B
YoY Change 0.98% 1.38% 188.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.066B $3.046B $2.983B
YoY Change
Total Liabilities & Shareholders Equity $18.12B $18.35B $13.28B
YoY Change -14.47% 38.16% 17.95%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $27.00M $25.00M -$13.00M
YoY Change -113.71% -292.31% -103.02%
Depreciation, Depletion And Amortization $105.0M $115.0M $28.00M
YoY Change -14.63% 310.71%
Cash From Operating Activities $186.0M $477.0M $189.0M
YoY Change -45.77% 152.38% -1121.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$195.0M -$159.0M $264.0M
YoY Change -92.98% -160.23% -81.03%
Cash From Investing Activities -$195.0M -$159.0M $264.0M
YoY Change -92.98% -160.23% -81.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.00M -394.0M -182.0M
YoY Change 93.55% 116.48% -37.82%
NET CHANGE
Cash From Operating Activities 186.0M 477.0M 189.0M
Cash From Investing Activities -195.0M -159.0M 264.0M
Cash From Financing Activities -60.00M -394.0M -182.0M
Net Change In Cash -69.00M -76.00M 271.0M
YoY Change -97.2% -128.04% -74.91%
FREE CASH FLOW
Cash From Operating Activities $186.0M $477.0M $189.0M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2016Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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200000000 USD
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361000000 USD
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378000000 USD
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615000000 USD
CY2016Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
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274000000 USD
us-gaap Available For Sale Securities Gross Realized Gains
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us-gaap Available For Sale Securities Gross Realized Losses
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CY2016Q3 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
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us-gaap Business Combination Integration Related Costs
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us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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3000000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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9000000 USD
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us-gaap Available For Sale Securities Gross Realized Gains
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15000000 USD
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us-gaap Business Combination Integration Related Costs
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21000000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
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66000000 USD
CY2016Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
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16000000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
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4000000 USD
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8000000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
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7000000 USD
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11000000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Transfers To Loans Held For Sale
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370000000 USD
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37000000 USD
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452000000 USD
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1529000000 USD
CY2016Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
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628000000 USD
CY2015Q4 us-gaap Certificates Of Deposit At Carrying Value
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152000000 USD
CY2016Q3 us-gaap Certificates Of Deposit At Carrying Value
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170000000 USD
CY2015Q4 us-gaap Commitments And Contingencies
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CY2016Q3 us-gaap Commitments And Contingencies
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2016Q3 us-gaap Common Stock Shares Authorized
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us-gaap Comprehensive Income Net Of Tax
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CY2016Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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225000000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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32000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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98000000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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28000000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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15000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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61000000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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24000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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253000000 USD
CY2016Q3 us-gaap Debt Instrument Carrying Amount
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2176000000 USD
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Earnings Per Share Basic
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CY2016Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2015Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2016Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2000000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2016Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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CY2016Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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CY2016Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
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0 USD
CY2016Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
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CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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525000000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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575000000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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15000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
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42000000 USD
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18000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
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52000000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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80000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
257000000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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217000000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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613000000 USD
CY2015Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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14349000000 USD
CY2016Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
13272000000 USD
CY2015Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
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1794 account
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
5722 account
CY2016Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
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6327 account
us-gaap Financing Receivable Modifications Number Of Contracts2
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20314 account
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12000000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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41000000 USD
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50000000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
159000000 USD
CY2015Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
15000000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
45000000 USD
CY2016Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
51000000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
162000000 USD
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FinancingReceivableModificationsRecordedInvestment
166000000 USD
CY2016Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
165000000 USD
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378 account
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
1014 account
CY2016Q3 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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1093 account
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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2191 account
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FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
2000000 USD
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
6000000 USD
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8000000 USD
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
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16000000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
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us-gaap Gain Loss On Sale Of Loans And Leases
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18000000 USD
CY2015Q3 us-gaap Gain Loss On Sales Of Consumer Loans
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0 USD
us-gaap Gain Loss On Sales Of Consumer Loans
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0 USD
CY2016Q3 us-gaap Gain Loss On Sales Of Consumer Loans
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us-gaap Gain Loss On Sales Of Consumer Loans
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18000000 USD
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167000000 USD
CY2015Q3 us-gaap Gain Loss On Sales Of Loans Net
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0 USD
us-gaap Gain Loss On Sales Of Loans Net
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0 USD
CY2016Q3 us-gaap Gain Loss On Sales Of Loans Net
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0 USD
us-gaap Gain Loss On Sales Of Loans Net
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167000000 USD
us-gaap Gain Or Loss On Sale Of Previously Unissued Stock By Subsidiary
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0 USD
us-gaap Gain Or Loss On Sale Of Previously Unissued Stock By Subsidiary
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5000000 USD
CY2015Q4 us-gaap Goodwill
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1440000000 USD
CY2016Q3 us-gaap Goodwill
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1422000000 USD
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20000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
76000000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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33000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
327000000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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1000000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
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8000000 USD
us-gaap Income Tax Expense Benefit
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111000000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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49000000 USD
us-gaap Increase Decrease In Insurance Liabilities
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q3 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Trading Securities
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CY2015Q4 us-gaap Trading Securities Debt
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CY2015Q4 us-gaap Trading Securities Equity
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CY2016Q3 us-gaap Trading Securities Equity
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CY2015Q3 us-gaap Trading Securities Realized Gain Loss
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us-gaap Trading Securities Realized Gain Loss
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4000000 USD
CY2015Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
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us-gaap Trading Securities Unrealized Holding Gain Loss
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3000000 USD
CY2016Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
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us-gaap Trading Securities Unrealized Holding Gain Loss
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6000000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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1895000000 USD
us-gaap Transfer To Other Real Estate
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8000000 USD
us-gaap Transfer To Other Real Estate
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7000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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15000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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17000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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10000000 USD
CY2015Q4 us-gaap Unused Commitments To Extend Credit
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397000000 USD
CY2016Q3 us-gaap Unused Commitments To Extend Credit
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11000000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
256883 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
231467 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134452763 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125701635 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134987134 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134949337 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134452763 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125701635 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134730251 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134717870 shares

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