2020 Q3 Form 10-Q Financial Statement

#000079746820000033 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $4.108B $6.670B $5.859B
YoY Change -29.89% 45.95% 37.63%
Cost Of Revenue $618.0M $2.483B $741.0M
YoY Change -16.6% 27.07% 2.63%
Gross Profit $3.490B $4.187B $5.118B
YoY Change -31.81% 60.05% 44.78%
Gross Profit Margin 84.96% 62.77% 87.35%
Selling, General & Admin $166.0M $707.0M $245.0M
YoY Change -32.24% 22.11% -54.71%
% of Gross Profit 4.76% 16.89% 4.79%
Research & Development $29.00M $113.0M $63.00M
YoY Change -53.97% 126.0% 162.5%
% of Gross Profit 0.83% 2.7% 1.23%
Depreciation & Amortization $1.915B $2.271B $1.767B
YoY Change 8.38% 109.12% 72.73%
% of Gross Profit 54.87% 54.24% 34.53%
Operating Expenses $166.0M $3.750B $245.0M
YoY Change -32.24% 118.66% -84.57%
Operating Profit $3.324B $437.0M $4.873B
YoY Change -31.79% -51.5% 150.28%
Interest Expense -$988.0M $403.0M -$182.0M
YoY Change 442.86% 203.01% -121.04%
% of Operating Profit -29.72% 92.22% -3.73%
Other Income/Expense, Net $211.0M $71.00M
YoY Change 197.18% -18.39%
Pretax Income -$4.058B -$869.0M -$574.0M
YoY Change 606.97% -219.2% -122.26%
Income Tax -$403.0M $167.0M $163.0M
% Of Pretax Income
Net Earnings -$3.575B -$1.139B -$912.0M
YoY Change 292.0% -261.33% -148.8%
Net Earnings / Revenue -87.03% -17.08% -15.57%
Basic Earnings Per Share -$4.07 -$1.08
Diluted Earnings Per Share -$4.07 -$1.273M -$1.08
COMMON SHARES
Basic Shares Outstanding 929.3M shares 845.7M shares
Diluted Shares Outstanding 929.3M shares 845.7M shares

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.896B $3.032B $4.840B
YoY Change -60.83% -0.03% 63.85%
Cash & Equivalents $1.896B $3.032B $4.840B
Short-Term Investments
Other Short-Term Assets $1.445B $1.432B $6.445B
YoY Change -77.58% 91.96% 460.92%
Inventory $1.660B $1.581B $1.601B
Prepaid Expenses
Receivables $2.100B $4.200B $5.900B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.69B $14.63B $20.94B
YoY Change -48.94% 47.33% 88.48%
LONG-TERM ASSETS
Property, Plant & Equipment $68.42B $82.23B $90.12B
YoY Change -24.08% 161.57% 189.27%
Goodwill
YoY Change
Intangibles $2.387B
YoY Change
Long-Term Investments $3.125B $6.389B $3.684B
YoY Change -15.17% 280.3% 134.95%
Other Assets $14.00M $25.00M
YoY Change -44.0% 525.0%
Total Long-Term Assets $73.74B $92.56B $104.5B
YoY Change -29.43% 187.2% 208.76%
TOTAL ASSETS
Total Short-Term Assets $10.69B $14.63B $20.94B
Total Long-Term Assets $73.74B $92.56B $104.5B
Total Assets $84.43B $107.2B $125.4B
YoY Change -32.69% 154.25% 179.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.682B $4.910B $6.789B
YoY Change -60.49% 0.51% 24.73%
Accrued Expenses $3.470B $5.447B $5.175B
YoY Change -32.95% 125.92% 83.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.558B $51.00M $31.00M
YoY Change 8151.61% -56.03% -73.28%
Total Short-Term Liabilities $10.50B $12.71B $15.70B
YoY Change -33.11% 71.41% 87.49%
LONG-TERM LIABILITIES
Long-Term Debt $35.90B $38.54B $47.58B
YoY Change -24.55% 277.78% 366.59%
Other Long-Term Liabilities $3.043B $3.858B $3.566B
YoY Change -14.67% 282.36% 289.73%
Total Long-Term Liabilities $38.94B $42.40B $51.15B
YoY Change -23.87% 278.19% 360.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.50B $12.71B $15.70B
Total Long-Term Liabilities $38.94B $42.40B $51.15B
Total Liabilities $49.44B $55.10B $66.85B
YoY Change -26.04% 195.89% 243.06%
SHAREHOLDERS EQUITY
Retained Earnings $4.317B $20.18B $22.23B
YoY Change -80.58% -15.03% -5.96%
Common Stock $216.0M $15.16B $15.08B
YoY Change -98.57% 84.36% 84.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.66B $10.65B $10.65B
YoY Change 0.04% 1.72% 4.83%
Treasury Stock Shares 148.6M shares 150.3M shares 150.3M shares
Shareholders Equity $19.86B $34.23B $36.08B
YoY Change
Total Liabilities & Shareholders Equity $84.43B $107.2B $125.4B
YoY Change -32.69% 144.42% 179.03%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$3.575B -$1.139B -$912.0M
YoY Change 292.0% -261.33% -148.8%
Depreciation, Depletion And Amortization $1.915B $2.271B $1.767B
YoY Change 8.38% 109.12% 72.73%
Cash From Operating Activities $852.0M $2.009B $2.405B
YoY Change -64.57% -19.64% 0.04%
INVESTING ACTIVITIES
Capital Expenditures -$246.0M -$2.171B -$1.714B
YoY Change -85.65% 62.38% 29.95%
Acquisitions
YoY Change
Other Investing Activities -$46.00M $870.0M -$23.31B
YoY Change -99.8% -614.79% -1323.57%
Cash From Investing Activities -$292.0M -$1.301B -$25.02B
YoY Change -98.83% -13.61% -4370.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 301.0M -2.499B 26.23B
YoY Change -98.85% 173.11% -1976.39%
NET CHANGE
Cash From Operating Activities 852.0M 2.009B 2.405B
Cash From Investing Activities -292.0M -1.301B -25.02B
Cash From Financing Activities 301.0M -2.499B 26.23B
Net Change In Cash 861.0M -1.791B 3.614B
YoY Change -76.18% -2367.09% 127.01%
FREE CASH FLOW
Cash From Operating Activities $852.0M $2.009B $2.405B
Capital Expenditures -$246.0M -$2.171B -$1.714B
Free Cash Flow $1.098B $4.180B $4.119B
YoY Change -73.34% 8.94% 10.64%

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3778000000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-912000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14363000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
353000000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
929300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
845700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
913900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
781100000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
929300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
845700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
913900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
782200000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.07
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-15.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000000 shares
CY2020Q2 oxy Preferred Stock Dividend Volume Weighted Average Price
PreferredStockDividendVolumeWeightedAveragePrice
0.90
CY2020Q1 oxy Preferred Stock Dividend Volume Weighted Average Price
PreferredStockDividendVolumeWeightedAveragePrice
0.90
CY2020Q1 oxy Preferred Stock Dividend Volume Weighted Average Price Calculation Period
PreferredStockDividendVolumeWeightedAveragePriceCalculationPeriod
P10D
CY2020Q2 oxy Preferred Stock Dividend Volume Weighted Average Price Calculation Period
PreferredStockDividendVolumeWeightedAveragePriceCalculationPeriod
P10D
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17300000 shares
CY2020Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11600000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 site
CY2020Q3 us-gaap Revenues
Revenues
4108000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4058000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-403000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3655000000 USD
CY2019Q3 us-gaap Revenues
Revenues
5859000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-574000000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-737000000 USD
us-gaap Revenues
Revenues
13649000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14280000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1896000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-12384000000 USD
us-gaap Revenues
Revenues
14283000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1223000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
694000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
529000000 USD

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