2017 Q2 Form 10-Q Financial Statement

#000158199017000009 Filed on May 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $6.078B $6.667B $4.111B
YoY Change 22.79% 62.17% -30.81%
Cost Of Revenue $5.320B $5.593B $3.348B
YoY Change 25.95% 67.05% -33.6%
Gross Profit $758.0M $1.074B $763.0M
YoY Change 4.41% 40.76% -15.22%
Gross Profit Margin 12.47% 16.11% 18.56%
Selling, General & Admin $372.0M $360.0M $70.00M
YoY Change -0.53% 414.29% -15.66%
% of Gross Profit 49.08% 33.52% 9.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.0M $122.0M $114.0M
YoY Change -37.07% 7.02% 8.57%
% of Gross Profit 17.02% 11.36% 14.94%
Operating Expenses $501.0M $482.0M $484.0M
YoY Change -13.47% -0.41% -9.87%
Operating Profit $256.0M $589.0M $281.0M
YoY Change 76.55% 109.61% -24.05%
Interest Expense $127.0M $129.0M $116.0M
YoY Change 7.63% 11.21% -284.13%
% of Operating Profit 49.61% 21.9% 41.28%
Other Income/Expense, Net $1.000M -$5.000M $5.000M
YoY Change -96.0% -200.0% -225.0%
Pretax Income $198.0M $508.0M $217.0M
YoY Change 115.22% 134.1% -26.69%
Income Tax $24.00M $106.0M $40.00M
% Of Pretax Income 12.12% 20.87% 18.43%
Net Earnings $24.00M $41.00M $36.00M
YoY Change -42.86% 13.89% 16.13%
Net Earnings / Revenue 0.39% 0.61% 0.88%
Basic Earnings Per Share
Diluted Earnings Per Share $156.9K $341.7K $378.9K
COMMON SHARES
Basic Shares Outstanding 152.3M shares 103.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.00M $41.00M $40.00M
YoY Change 35.14% 2.5% -91.3%
Cash & Equivalents $50.00M $41.00M $40.00M
Short-Term Investments
Other Short-Term Assets $457.0M $736.0M $318.0M
YoY Change -2.56% 131.45% 27.71%
Inventory $936.0M $1.219B $877.0M
Prepaid Expenses
Receivables $2.088B $2.218B $1.549B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.531B $4.214B $2.784B
YoY Change -2.05% 51.36% -19.42%
LONG-TERM ASSETS
Property, Plant & Equipment $14.34B $14.08B $14.59B
YoY Change -1.25% -3.5% 8.35%
Goodwill $2.596B $2.596B
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.626B $2.469B $2.097B
YoY Change 21.52% 17.74% 17.54%
Other Assets $919.0M $917.0M $2.351B
YoY Change -61.61% -61.0% -4.35%
Total Long-Term Assets $23.70B $23.29B $21.44B
YoY Change 10.41% 8.64% 6.45%
TOTAL ASSETS
Total Short-Term Assets $3.531B $4.214B $2.784B
Total Long-Term Assets $23.70B $23.29B $21.44B
Total Assets $27.24B $27.51B $24.23B
YoY Change 8.61% 13.55% 2.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.351B $2.475B $1.980B
YoY Change 0.73% 25.0% -20.51%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.114B $1.341B $715.0M
YoY Change -14.44% 87.55% 29.29%
Total Short-Term Liabilities $3.759B $4.158B $3.066B
YoY Change -6.75% 35.62% -13.19%
LONG-TERM LIABILITIES
Long-Term Debt $10.04B $9.879B $9.744B
YoY Change -0.37% 1.39% 4.53%
Other Long-Term Liabilities $706.0M $644.0M $710.0M
YoY Change 4.13% -9.3% 19.53%
Total Long-Term Liabilities $10.75B $10.52B $10.45B
YoY Change -0.08% 0.66% 5.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.759B $4.158B $3.066B
Total Long-Term Liabilities $10.75B $10.52B $10.45B
Total Liabilities $14.51B $14.68B $22.40B
YoY Change -37.67% -34.47% 2.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.578B $2.604B $1.821B
YoY Change
Total Liabilities & Shareholders Equity $27.24B $27.51B $24.23B
YoY Change 8.61% 13.55% 2.67%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $24.00M $41.00M $36.00M
YoY Change -42.86% 13.89% 16.13%
Depreciation, Depletion And Amortization $129.0M $122.0M $114.0M
YoY Change -37.07% 7.02% 8.57%
Cash From Operating Activities $644.0M $815.0M $631.0M
YoY Change -355.56% 29.16% -13.44%
INVESTING ACTIVITIES
Capital Expenditures -$274.0M $275.0M $372.0M
YoY Change -17.96% -26.08% -169.27%
Acquisitions
YoY Change
Other Investing Activities $111.0M $0.00 $1.000M
YoY Change 12.12% -100.0% -100.78%
Cash From Investing Activities -$163.0M -$1.491B -$287.0M
YoY Change -30.64% 419.51% -56.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -473.0M $667.0M -338.0M
YoY Change -197.73% -297.34% 16800.0%
NET CHANGE
Cash From Operating Activities 644.0M $815.0M 631.0M
Cash From Investing Activities -163.0M -$1.491B -287.0M
Cash From Financing Activities -473.0M $667.0M -338.0M
Net Change In Cash 8.000M -$9.000M 6.000M
YoY Change -366.67% -250.0% -90.16%
FREE CASH FLOW
Cash From Operating Activities $644.0M $815.0M $631.0M
Capital Expenditures -$274.0M $275.0M $372.0M
Free Cash Flow $918.0M $540.0M $259.0M
YoY Change 1019.51% 108.49% -79.54%

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CY2017Q1 us-gaap Interest Paid Net
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CY2016Q4 us-gaap Inventory Net
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CY2017Q1 us-gaap Inventory Net
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CY2017Q1 us-gaap Inventory Noncurrent
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CY2017Q1 us-gaap Liabilities And Stockholders Equity
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CY2017Q1 us-gaap Liabilities Current
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CY2017Q1 us-gaap Liabilities Noncurrent
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CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations
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CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2017Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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90000000 USD
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3 segment
CY2016Q1 us-gaap Operating Costs And Expenses
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CY2017Q1 us-gaap Operating Costs And Expenses
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CY2016Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Operating Income Loss
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CY2017Q1 us-gaap Other Assets Current
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CY2016Q4 us-gaap Other Assets Noncurrent
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CY2017Q1 us-gaap Other Assets Noncurrent
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CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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207000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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27000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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7000000 USD
CY2016Q4 us-gaap Other Liabilities Current
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CY2016Q1 us-gaap Other Noncash Income Expense
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CY2017Q1 us-gaap Other Noncash Income Expense
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CY2016Q1 us-gaap Other Nonoperating Income Expense
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CY2017Q1 us-gaap Other Nonoperating Income Expense
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CY2016Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
430000000 USD
CY2017Q1 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
10223000000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
9234000000 USD
CY2016Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
10705000000 USD
CY2016Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
10707000000 USD
CY2017Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
12827000000 USD
CY2016Q1 us-gaap Partners Capital Other
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3000000 USD
CY2017Q1 us-gaap Partners Capital Other
PartnersCapitalOther
4000000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
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1000000 USD
CY2017Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2016Q1 us-gaap Payments Of Dividends Minority Interest
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375000000 USD
CY2017Q1 us-gaap Payments Of Dividends Minority Interest
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315000000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
85000000 USD
CY2017Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
1254000000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
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372000000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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275000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2017Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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1535000000 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
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127000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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13890000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14077000000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Secured Debt
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34000000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
CY2016Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
246000000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Productive Assets
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161000000 USD
CY2016Q1 us-gaap Profit Loss
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177000000 USD
CY2017Q1 us-gaap Profit Loss
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402000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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16261000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
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CY2016Q4 us-gaap Receivables Net Current
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2279000000 USD
CY2017Q1 us-gaap Receivables Net Current
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2218000000 USD
CY2016Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
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56000000 USD
CY2017Q1 us-gaap Recorded Third Party Environmental Recoveries Receivable
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47000000 USD
CY2016Q1 us-gaap Repayments Of Senior Debt
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0 USD
CY2017Q1 us-gaap Repayments Of Senior Debt
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400000000 USD
CY2016Q1 us-gaap Revenues
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4111000000 USD
CY2017Q1 us-gaap Revenues
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6667000000 USD
CY2016Q4 us-gaap Senior Long Term Notes
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CY2017Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
9876000000 USD

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