2016 Q2 Form 10-Q Financial Statement

#000078878416000034 Filed on July 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.905B $2.314B
YoY Change -17.68% 2.89%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $271.0M $368.0M
YoY Change -26.36% 8.55%
% of Gross Profit
Operating Expenses $1.558B $1.746B
YoY Change -10.77% -7.32%
Operating Profit $347.0M $568.0M
YoY Change -38.91% 55.62%
Interest Expense $97.00M $97.00M
YoY Change 0.0% 3.19%
% of Operating Profit 27.95% 17.08%
Other Income/Expense, Net $6.000M $7.000M
YoY Change -14.29%
Pretax Income $278.0M $531.0M
YoY Change -47.65% 63.89%
Income Tax $91.00M $186.0M
% Of Pretax Income 32.73% 35.03%
Net Earnings $187.0M $345.0M
YoY Change -45.8% 62.74%
Net Earnings / Revenue 9.82% 14.91%
Basic Earnings Per Share $0.37 $0.68
Diluted Earnings Per Share $0.37 $0.68
COMMON SHARES
Basic Shares Outstanding 505.0M shares 506.0M shares
Diluted Shares Outstanding 508.0M shares 508.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $648.0M $597.0M
YoY Change 8.54% 4.74%
Cash & Equivalents $648.0M $597.0M
Short-Term Investments
Other Short-Term Assets $9.000M $25.00M
YoY Change -64.0% -26.47%
Inventory $905.0M $824.0M
Prepaid Expenses $271.0M $272.0M
Receivables $988.0M $1.126B
Other Receivables $4.000M $23.00M
Total Short-Term Assets $3.489B $3.627B
YoY Change -3.8% -4.4%
LONG-TERM ASSETS
Property, Plant & Equipment $28.01B $24.81B
YoY Change 12.93% 11.19%
Goodwill $16.00M $16.00M
YoY Change 0.0% 0.0%
Intangibles $131.0M $101.0M
YoY Change 29.7% 12.22%
Long-Term Investments $1.218B $1.273B
YoY Change -4.32% -3.19%
Other Assets $242.0M $293.0M
YoY Change -17.41% -9.57%
Total Long-Term Assets $7.542B $7.778B
YoY Change -3.03% 2.4%
TOTAL ASSETS
Total Short-Term Assets $3.489B $3.627B
Total Long-Term Assets $7.542B $7.778B
Total Assets $39.05B $36.21B
YoY Change 7.82% 7.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.308B $1.156B
YoY Change 13.15% 4.71%
Accrued Expenses $210.0M $244.0M
YoY Change -13.93% 29.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $662.0M $491.0M
YoY Change 34.83% -41.82%
Total Short-Term Liabilities $3.120B $3.107B
YoY Change 0.42% -10.28%
LONG-TERM LIABILITIES
Long-Term Debt $10.27B $8.689B
YoY Change 18.23% 9.54%
Other Long-Term Liabilities $181.0M $143.0M
YoY Change 26.57% 33.64%
Total Long-Term Liabilities $12.33B $11.71B
YoY Change 5.34% 11.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.120B $3.107B
Total Long-Term Liabilities $12.33B $11.71B
Total Liabilities $15.45B $14.82B
YoY Change 4.31% 6.4%
SHAREHOLDERS EQUITY
Retained Earnings $9.360B $8.764B
YoY Change 6.8% 14.1%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $709.0M $663.0M
YoY Change 6.94% 5.24%
Treasury Stock Shares 29.00M shares 27.74M shares
Shareholders Equity $13.32B $12.71B
YoY Change
Total Liabilities & Shareholders Equity $39.05B $36.21B
YoY Change 7.82% 7.45%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $187.0M $345.0M
YoY Change -45.8% 62.74%
Depreciation, Depletion And Amortization $271.0M $368.0M
YoY Change -26.36% 8.55%
Cash From Operating Activities $508.0M $555.0M
YoY Change -8.47% 67.17%
INVESTING ACTIVITIES
Capital Expenditures -$906.0M -$996.0M
YoY Change -9.04% 60.65%
Acquisitions
YoY Change
Other Investing Activities -$17.00M $2.000M
YoY Change -950.0% -106.06%
Cash From Investing Activities -$923.0M -$994.0M
YoY Change -7.14% 52.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 471.0M 28.00M
YoY Change 1582.14% -88.14%
NET CHANGE
Cash From Operating Activities 508.0M 555.0M
Cash From Investing Activities -923.0M -994.0M
Cash From Financing Activities 471.0M 28.00M
Net Change In Cash 56.00M -411.0M
YoY Change -113.63% 383.53%
FREE CASH FLOW
Cash From Operating Activities $508.0M $555.0M
Capital Expenditures -$906.0M -$996.0M
Free Cash Flow $1.414B $1.551B
YoY Change -8.83% 62.92%

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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-44000000 USD
CY2015Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3000000 USD
CY2016Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-10000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-24000000 USD
CY2015Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
164000000 USD
CY2016Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
310000000 USD
CY2015Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
3196000000 USD
CY2016Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
3120000000 USD
CY2015Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
123000000 USD
CY2016Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
74000000 USD
CY2015Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
175000000 USD
CY2016Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
165000000 USD
us-gaap Repayments Of Other Long Term Debt
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300000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
171000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9117000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9360000000 USD
CY2015Q2 us-gaap Revenues
Revenues
2314000000 USD
us-gaap Revenues
Revenues
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CY2016Q2 us-gaap Revenues
Revenues
1905000000 USD
us-gaap Revenues
Revenues
4521000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
13066000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
13318000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13067000000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13319000000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
42000000 USD
CY2016Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
107000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
28000000 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
29000000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
671000000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
709000000 USD
CY2015Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
197000000 USD
CY2016Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
202000000 USD
CY2015Q2 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
0 USD
us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
1000000 USD
CY2016Q2 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-1000000 USD
us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
2000000 USD
CY2015Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
761000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1424000000 USD
CY2016Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
710000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1439000000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
506000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
506000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
505000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
505000000 shares

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