2016 Q3 Form 10-Q Financial Statement

#000078878416000038 Filed on October 31, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $2.450B $2.688B
YoY Change -8.85% 1.78%
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 $280.0M $369.0M
YoY Change -24.12% -0.54%
% of Gross Profit
Operating Expenses $1.873B $1.874B
YoY Change -0.05% -1.11%
Operating Profit $577.0M $814.0M
YoY Change -29.12% 9.12%
Interest Expense $99.00M $96.00M
YoY Change 3.13% -4.0%
% of Operating Profit 17.16% 11.79%
Other Income/Expense, Net $12.00M $3.000M
YoY Change 300.0% -40.0%
Pretax Income $515.0M $724.0M
YoY Change -28.87% 2.7%
Income Tax $188.0M $285.0M
% Of Pretax Income 36.5% 39.36%
Net Earnings $327.0M $439.0M
YoY Change -25.51% -1.13%
Net Earnings / Revenue 13.35% 16.33%
Basic Earnings Per Share $0.65 $0.87
Diluted Earnings Per Share $0.64 $0.87
COMMON SHARES
Basic Shares Outstanding 505.0M shares 505.0M shares
Diluted Shares Outstanding 508.0M shares 508.0M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $450.0M $271.0M
YoY Change 66.05% -61.45%
Cash & Equivalents $450.0M $271.0M
Short-Term Investments
Other Short-Term Assets $21.00M $23.00M
YoY Change -8.7% -4.17%
Inventory $957.0M $923.0M
Prepaid Expenses $145.0M $180.0M
Receivables $1.031B $1.199B
Other Receivables $23.00M $5.000M
Total Short-Term Assets $3.209B $3.204B
YoY Change 0.16% -16.69%
LONG-TERM ASSETS
Property, Plant & Equipment $28.80B $25.61B
YoY Change 12.49% 12.13%
Goodwill $16.00M $16.00M
YoY Change 0.0% 0.0%
Intangibles $154.0M $122.0M
YoY Change 26.23% 19.61%
Long-Term Investments $1.066B $1.235B
YoY Change -13.68% -5.65%
Other Assets $243.0M $279.0M
YoY Change -12.9% -15.71%
Total Long-Term Assets $7.475B $7.615B
YoY Change -1.84% 2.01%
TOTAL ASSETS
Total Short-Term Assets $3.209B $3.204B
Total Long-Term Assets $7.475B $7.615B
Total Assets $39.49B $36.42B
YoY Change 8.41% 6.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.363B $1.046B
YoY Change 30.31% -5.85%
Accrued Expenses $341.0M $327.0M
YoY Change 4.28% 14.74%
Deferred Revenue
YoY Change
Short-Term Debt $255.0M $20.00M
YoY Change 1175.0%
Long-Term Debt Due $0.00 $1.038B
YoY Change -100.0% 228.48%
Total Short-Term Liabilities $2.804B $3.604B
YoY Change -22.2% 14.92%
LONG-TERM LIABILITIES
Long-Term Debt $10.70B $8.132B
YoY Change 31.54% -3.06%
Other Long-Term Liabilities $241.0M $156.0M
YoY Change 54.49% 18.18%
Total Long-Term Liabilities $12.51B $11.75B
YoY Change 6.44% 11.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.804B $3.604B
Total Long-Term Liabilities $12.51B $11.75B
Total Liabilities $15.32B $15.36B
YoY Change -0.28% 12.32%
SHAREHOLDERS EQUITY
Retained Earnings $9.480B $9.005B
YoY Change 5.27% 13.44%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $714.0M $667.0M
YoY Change 7.05% 6.04%
Treasury Stock Shares 29.00M shares 28.24M shares
Shareholders Equity $13.48B $12.93B
YoY Change
Total Liabilities & Shareholders Equity $39.49B $36.42B
YoY Change 8.41% 6.67%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $327.0M $439.0M
YoY Change -25.51% -1.13%
Depreciation, Depletion And Amortization $280.0M $369.0M
YoY Change -24.12% -0.54%
Cash From Operating Activities $1.039B $994.0M
YoY Change 4.53% -8.64%
INVESTING ACTIVITIES
Capital Expenditures -$1.014B -$1.039B
YoY Change -2.41% 49.93%
Acquisitions
YoY Change
Other Investing Activities -$36.00M -$29.00M
YoY Change 24.14% 123.08%
Cash From Investing Activities -$1.050B -$1.068B
YoY Change -1.69% 51.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -187.0M -252.0M
YoY Change -25.79% 1.2%
NET CHANGE
Cash From Operating Activities 1.039B 994.0M
Cash From Investing Activities -1.050B -1.068B
Cash From Financing Activities -187.0M -252.0M
Net Change In Cash -198.0M -326.0M
YoY Change -39.26% -345.11%
FREE CASH FLOW
Cash From Operating Activities $1.039B $994.0M
Capital Expenditures -$1.014B -$1.039B
Free Cash Flow $2.053B $2.033B
YoY Change 0.98% 14.15%

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CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
26539000000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
28804000000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
35494000000 USD
CY2016Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
38225000000 USD
CY2015Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-42000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-46000000 USD
CY2016Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-11000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-55000000 USD
CY2015Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-24000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-27000000 USD
CY2016Q3 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
-31000000 USD
CY2015Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
164000000 USD
CY2016Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
253000000 USD
CY2015Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
3196000000 USD
CY2016Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
3124000000 USD
CY2015Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
123000000 USD
CY2016Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
96000000 USD
CY2015Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
175000000 USD
CY2016Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
151000000 USD
us-gaap Repayments Of Other Long Term Debt
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300000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
824000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9117000000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9480000000 USD
CY2015Q3 us-gaap Revenues
Revenues
2688000000 USD
us-gaap Revenues
Revenues
8137000000 USD
CY2016Q3 us-gaap Revenues
Revenues
2450000000 USD
us-gaap Revenues
Revenues
6971000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
13066000000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
13476000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13067000000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13476000000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
42000000 USD
CY2016Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
214000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
28000000 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
29000000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
671000000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
714000000 USD
CY2015Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
197000000 USD
CY2016Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
180000000 USD
CY2015Q3 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
CY2016Q3 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
1000000 USD
us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
3000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
746000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
2170000000 USD
CY2016Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
776000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
2215000000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
505000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
505000000 shares
CY2016Q3 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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