2016 Q4 Form 10-K Financial Statement

#000078878418000004 Filed on February 26, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $2.090B $2.450B $1.905B
YoY Change -8.25% -8.85% -17.68%
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 $846.0M $280.0M $271.0M
YoY Change 177.38% -24.12% -26.36%
% of Gross Profit
Operating Expenses $2.148B $1.873B $1.558B
YoY Change 23.02% -0.05% -10.77%
Operating Profit -$175.0M $577.0M $347.0M
YoY Change -132.89% -29.12% -38.91%
Interest Expense -$122.0M $99.00M $97.00M
YoY Change 52.5% 3.13% 0.0%
% of Operating Profit 17.16% 27.95%
Other Income/Expense, Net $1.000M $12.00M $6.000M
YoY Change -133.33% 300.0% -14.29%
Pretax Income -$249.0M $515.0M $278.0M
YoY Change -156.46% -28.87% -47.65%
Income Tax -$151.0M $188.0M $91.00M
% Of Pretax Income 36.5% 32.73%
Net Earnings -$98.00M $327.0M $187.0M
YoY Change -131.72% -25.51% -45.8%
Net Earnings / Revenue -4.69% 13.35% 9.82%
Basic Earnings Per Share -$0.19 $0.65 $0.37
Diluted Earnings Per Share -$0.19 $0.64 $0.37
COMMON SHARES
Basic Shares Outstanding 505.0M shares 505.0M shares 505.0M shares
Diluted Shares Outstanding 508.0M shares 508.0M shares 508.0M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.0M $450.0M $648.0M
YoY Change 7.36% 66.05% 8.54%
Cash & Equivalents $423.0M $450.0M $648.0M
Short-Term Investments
Other Short-Term Assets $7.000M $21.00M $9.000M
YoY Change -46.15% -8.7% -64.0%
Inventory $887.0M $957.0M $905.0M
Prepaid Expenses $76.00M $145.0M $271.0M
Receivables $1.161B $1.031B $988.0M
Other Receivables $78.00M $23.00M $4.000M
Total Short-Term Assets $3.254B $3.209B $3.489B
YoY Change -6.87% 0.16% -3.8%
LONG-TERM ASSETS
Property, Plant & Equipment $29.29B $28.80B $28.01B
YoY Change 10.35% 12.49% 12.93%
Goodwill $16.00M $16.00M $16.00M
YoY Change 0.0% 0.0% 0.0%
Intangibles $98.00M $154.0M $131.0M
YoY Change -3.92% 26.23% 29.7%
Long-Term Investments $1.050B $1.066B $1.218B
YoY Change -14.84% -13.68% -4.32%
Other Assets $254.0M $243.0M $242.0M
YoY Change 9.96% -12.9% -17.41%
Total Long-Term Assets $7.530B $7.475B $7.542B
YoY Change 0.37% -1.84% -3.03%
TOTAL ASSETS
Total Short-Term Assets $3.254B $3.209B $3.489B
Total Long-Term Assets $7.530B $7.475B $7.542B
Total Assets $40.07B $39.49B $39.05B
YoY Change 6.75% 8.41% 7.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.459B $1.363B $1.308B
YoY Change 6.57% 30.31% 13.15%
Accrued Expenses $128.0M $341.0M $210.0M
YoY Change -7.25% 4.28% -13.93%
Deferred Revenue
YoY Change
Short-Term Debt $388.0M $255.0M $0.00
YoY Change 6.59% 1175.0%
Long-Term Debt Due $500.0M $0.00 $662.0M
YoY Change -31.88% -100.0% 34.83%
Total Short-Term Liabilities $3.276B $2.804B $3.120B
YoY Change -8.36% -22.2% 0.42%
LONG-TERM LIABILITIES
Long-Term Debt $10.90B $10.70B $10.27B
YoY Change 23.33% 31.54% 18.23%
Other Long-Term Liabilities $211.0M $241.0M $181.0M
YoY Change 16.57% 54.49% 26.57%
Total Long-Term Liabilities $12.77B $12.51B $12.33B
YoY Change 5.89% 6.44% 5.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.276B $2.804B $3.120B
Total Long-Term Liabilities $12.77B $12.51B $12.33B
Total Liabilities $16.05B $15.32B $15.45B
YoY Change 2.63% -0.28% 4.31%
SHAREHOLDERS EQUITY
Retained Earnings $9.174B $9.480B $9.360B
YoY Change 0.63% 5.27% 6.8%
Common Stock $4.219B
YoY Change -0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $717.0M $714.0M $709.0M
YoY Change 6.86% 7.05% 6.94%
Treasury Stock Shares 28.69M shares 29.00M shares 29.00M shares
Shareholders Equity $13.13B $13.48B $13.32B
YoY Change
Total Liabilities & Shareholders Equity $40.07B $39.49B $39.05B
YoY Change 6.75% 8.41% 7.82%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income -$98.00M $327.0M $187.0M
YoY Change -131.72% -25.51% -45.8%
Depreciation, Depletion And Amortization $846.0M $280.0M $271.0M
YoY Change 177.38% -24.12% -26.36%
Cash From Operating Activities $550.0M $1.039B $508.0M
YoY Change -20.41% 4.53% -8.47%
INVESTING ACTIVITIES
Capital Expenditures -$1.214B -$1.014B -$906.0M
YoY Change 12.3% -2.41% -9.04%
Acquisitions
YoY Change
Other Investing Activities $20.00M -$36.00M -$17.00M
YoY Change -200.0% 24.14% -950.0%
Cash From Investing Activities -$1.194B -$1.050B -$923.0M
YoY Change 8.45% -1.69% -7.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 617.0M -187.0M 471.0M
YoY Change 15.76% -25.79% 1582.14%
NET CHANGE
Cash From Operating Activities 550.0M 1.039B 508.0M
Cash From Investing Activities -1.194B -1.050B -923.0M
Cash From Financing Activities 617.0M -187.0M 471.0M
Net Change In Cash -27.00M -198.0M 56.00M
YoY Change -121.95% -39.26% -113.63%
FREE CASH FLOW
Cash From Operating Activities $550.0M $1.039B $508.0M
Capital Expenditures -$1.214B -$1.014B -$906.0M
Free Cash Flow $1.764B $2.053B $1.414B
YoY Change -0.45% 0.98% -8.83%

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27000000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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CY2016Q4 us-gaap Commercial Paper
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CY2017Q4 us-gaap Commitments And Contingencies
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1.56
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1.64
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1.72
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1000000000 shares
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CY2017Q4 us-gaap Common Stock Shares Outstanding
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919000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2015 us-gaap Cost Of Services Energy Services
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3261000000 USD
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3001000000 USD
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2800000000 USD
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55000000 USD
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CY2017Q4 us-gaap Debt Instrument Carrying Amount
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69000000 USD
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540000000 USD
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5240000000 USD
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CY2017Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
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602000000 USD
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283000000 USD
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217000000 USD
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1000000 USD
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CY2016Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
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171000000 USD
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0.50
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20000000 USD
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3000000 USD
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55000000 USD
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830000000 USD
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870000000 USD
CY2015 us-gaap Earnings Per Share Basic
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3.32
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0.93
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0.37
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0.65
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CY2016 us-gaap Earnings Per Share Basic
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1.76
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0.23
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0.22
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0.78
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1.89
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3.12
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3.30
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0.93
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0.37
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0.64
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-0.19
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.75
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0.22
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0.22
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0.78
CY2017Q4 us-gaap Earnings Per Share Diluted
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1.88
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.10
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0.374
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0.317
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-0.241
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0.35
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14000000 USD
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12000000 USD
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13000000 USD
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3000000 USD
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4000000 USD
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4000000 USD
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21000000 USD
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24000000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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15000000 USD
CY2016Q4 us-gaap Goodwill
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16000000 USD
CY2017Q4 us-gaap Goodwill
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16000000 USD
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2680000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1298000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1268000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
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12000000 USD
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11000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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14000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1001000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
411000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-306000000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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-755000000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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10000000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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17000000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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13000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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938000000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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454000000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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444000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
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-4000000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-9000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
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5000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
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63000000 USD
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-43000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-750000000 USD
CY2015 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-33000000 USD
CY2016 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 USD
CY2017 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
129000000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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