2017 Q1 Form 10-Q Financial Statement
#000088488717000033 Filed on April 28, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
Revenue | $2.009B | $1.918B |
YoY Change | 4.73% | 5.63% |
Cost Of Revenue | $1.176B | $1.242B |
YoY Change | -5.3% | 1.55% |
Gross Profit | $832.7M | $676.2M |
YoY Change | 23.15% | 14.04% |
Gross Profit Margin | 41.46% | 35.26% |
Selling, General & Admin | $317.5M | $302.3M |
YoY Change | 5.01% | 5.4% |
% of Gross Profit | 38.12% | 44.71% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $235.7M | $210.8M |
YoY Change | 11.81% | 5.14% |
% of Gross Profit | 28.3% | 31.17% |
Operating Expenses | $317.5M | $302.3M |
YoY Change | 5.01% | 5.4% |
Operating Profit | $279.5M | $163.1M |
YoY Change | 71.35% | 54.36% |
Interest Expense | $80.32M | $65.45M |
YoY Change | 22.72% | -6.72% |
% of Operating Profit | 28.73% | 40.12% |
Other Income/Expense, Net | -$64.80M | -$63.99M |
YoY Change | 1.26% | 5.85% |
Pretax Income | $214.7M | $99.10M |
YoY Change | 116.65% | 119.25% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $214.7M | $99.14M |
YoY Change | 116.59% | 119.19% |
Net Earnings / Revenue | 10.69% | 5.17% |
Basic Earnings Per Share | $1.00 | $0.46 |
Diluted Earnings Per Share | $0.99 | $0.46 |
COMMON SHARES | ||
Basic Shares Outstanding | 214.9M shares | 216.9M shares |
Diluted Shares Outstanding | 215.8M shares | 217.9M shares |
Balance Sheet
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $109.0M | $117.0M |
YoY Change | -6.84% | -49.13% |
Cash & Equivalents | $109.3M | $117.4M |
Short-Term Investments | ||
Other Short-Term Assets | $246.0M | $401.0M |
YoY Change | -38.65% | 34.11% |
Inventory | $108.4M | $121.4M |
Prepaid Expenses | ||
Receivables | $293.0M | $253.0M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $756.7M | $892.3M |
YoY Change | -15.2% | -6.19% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $19.86B | $18.83B |
YoY Change | 5.48% | 3.27% |
Goodwill | $288.5M | $286.9M |
YoY Change | 0.56% | -29.25% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $515.0M | $307.0M |
YoY Change | 67.75% | -15.66% |
Other Assets | $1.111B | $955.5M |
YoY Change | 16.31% | -25.4% |
Total Long-Term Assets | $21.26B | $20.07B |
YoY Change | 5.93% | 0.77% |
TOTAL ASSETS | ||
Total Short-Term Assets | $756.7M | $892.3M |
Total Long-Term Assets | $21.26B | $20.07B |
Total Assets | $22.02B | $20.96B |
YoY Change | 5.03% | 0.45% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $363.0M | $371.9M |
YoY Change | -2.38% | 10.39% |
Accrued Expenses | $634.0M | $525.6M |
YoY Change | 20.64% | 0.79% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $1.666B | $895.0M |
YoY Change | 86.15% | -17.81% |
Total Short-Term Liabilities | $5.272B | $4.398B |
YoY Change | 19.87% | 1.42% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $6.558B | $7.807B |
YoY Change | -16.0% | 5.66% |
Other Long-Term Liabilities | $637.3M | $871.0M |
YoY Change | -26.83% | -20.03% |
Total Long-Term Liabilities | $637.3M | $871.0M |
YoY Change | -26.83% | -20.03% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.272B | $4.398B |
Total Long-Term Liabilities | $637.3M | $871.0M |
Total Liabilities | $5.909B | $5.269B |
YoY Change | 12.15% | -2.88% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $7.972B | $6.963B |
YoY Change | 14.49% | 6.23% |
Common Stock | $3.341B | $3.301B |
YoY Change | 1.2% | 1.25% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $1.153B | $1.053B |
YoY Change | 9.49% | 62.12% |
Treasury Stock Shares | 20.02M shares | 18.70M shares |
Shareholders Equity | $9.267B | $7.888B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $22.02B | $20.96B |
YoY Change | 5.03% | 0.45% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $214.7M | $99.14M |
YoY Change | 116.59% | 119.19% |
Depreciation, Depletion And Amortization | $235.7M | $210.8M |
YoY Change | 11.81% | 5.14% |
Cash From Operating Activities | $796.5M | $477.9M |
YoY Change | 66.67% | 12.07% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $122.8M | $249.8M |
YoY Change | -50.86% | -17.99% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $2.440M | $7.111M |
YoY Change | -65.69% | 88.12% |
Cash From Investing Activities | $123.6M | -$236.7M |
YoY Change | -152.21% | -40.75% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $102.9M | $162.9M |
YoY Change | -36.8% | 23.64% |
Common Stock Issuance & Retirement, Net | $0.00 | $200.0M |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | $1.840B | $1.382B |
YoY Change | 33.14% | 135.44% |
Cash From Financing Activities | -$944.4M | -$246.8M |
YoY Change | 282.71% | -1355.59% |
NET CHANGE | ||
Cash From Operating Activities | $796.5M | $477.9M |
Cash From Investing Activities | $123.6M | -$236.7M |
Cash From Financing Activities | -$944.4M | -$246.8M |
Net Change In Cash | -$24.27M | -$5.612M |
YoY Change | 332.43% | -112.07% |
FREE CASH FLOW | ||
Cash From Operating Activities | $796.5M | $477.9M |
Capital Expenditures | $122.8M | $249.8M |
Free Cash Flow | $673.7M | $228.1M |
YoY Change | 195.43% | 87.26% |
Facts In Submission
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|
955000 | shares |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
943000 | shares |
CY2016Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
2720000 | USD |
CY2017Q1 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
6252000 | USD |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
65446000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
80317000 | USD |
CY2016Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
18670000 | USD |
CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
24296000 | USD |
CY2016Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
46166000 | USD |
CY2017Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
91372000 | USD |
CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
114087000 | USD |
CY2017Q1 | us-gaap |
Inventory Net
InventoryNet
|
108427000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
22310324000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
22017257000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4441601000 | USD |
CY2017Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5271742000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
8101701000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
6841403000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1285735000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1727970000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.405 | |
CY2017Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.443 | |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-246762000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-944394000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-236746000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
123600000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
477896000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
796526000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
99140000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
214726000 | USD |
CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-63987000 | USD |
CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-64796000 | USD |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
163127000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
279522000 | USD |
CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1112206000 | USD |
CY2017Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1111402000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-96808000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-29491000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
2737000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
22461000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6648000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2342000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
5873000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
24162000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
3512000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
641000 | USD |
CY2016Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
288221000 | USD |
CY2017Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
245222000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
645610000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
637282000 | USD |
CY2016Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-22287000 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2611000 | USD |
CY2016Q1 | us-gaap |
Passenger Revenue
PassengerRevenue
|
1378167000 | USD |
CY2017Q1 | us-gaap |
Passenger Revenue
PassengerRevenue
|
1418223000 | USD |
CY2016Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
7111000 | USD |
CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
2440000 | USD |
CY2016Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
200040000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2016Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
22566000 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
10383000 | USD |
CY2016Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
162890000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
102942000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
249840000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
122783000 | USD |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
209716000 | USD |
CY2017Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
245978000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
7104000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
5011000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
13101000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
13812000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1519000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1006000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
659000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1233000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
230000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1345000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2100000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
20161427000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
19860696000 | USD |
CY2016Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
291899000 | USD |
CY2017Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
292975000 | USD |
CY2016Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-102681000 | USD |
CY2017Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-53653000 | USD |
CY2016Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
3501000 | USD |
CY2017Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
3713000 | USD |
CY2016Q1 | us-gaap |
Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
|
4391000 | USD |
CY2017Q1 | us-gaap |
Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
|
12615000 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
7860341000 | USD |
CY2016Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1382270000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1840402000 | USD |
CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
7971840000 | USD |
CY2016Q1 | us-gaap |
Revenues
Revenues
|
1917795000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
2008560000 | USD |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
302326000 | USD |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
317465000 | USD |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5765000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17262000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9121412000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9266830000 | USD |
CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
20019237 | shares |
CY2017Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
20019237 | shares |
CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1153308000 | USD |
CY2017Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1153308000 | USD |
CY2016Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
217869000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
215813000 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
216914000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
214870000 | shares |
CY2017Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three months ended March 31, 2016, restructuring charges of </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;">, have been reclassified into </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Marketing, selling and administrative expenses</font><font style="font-family:inherit;font-size:10pt;"> in the consolidated statements of comprehensive income (loss) in order to conform to the current year presentation. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three months ended March 31, 2016, share-based compensation expense of </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;">, equity investment income of </font><font style="font-family:inherit;font-size:10pt;">$21.0 million</font><font style="font-family:inherit;font-size:10pt;"> and amortization of debt issuance costs of </font><font style="font-family:inherit;font-size:10pt;">$6.7 million</font><font style="font-family:inherit;font-size:10pt;">, have been reclassified in the consolidated statements of cash flows from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other, net</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Share-based compensation expense</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Equity investment income</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amortization of debt issuance costs</font><font style="font-family:inherit;font-size:10pt;">, respectively, within </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net cash provided by operating activities</font><font style="font-family:inherit;font-size:10pt;"> in order to conform to the current year presentation. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three months ended March 31, 2016, amortization of debt issuance costs of </font><font style="font-family:inherit;font-size:10pt;">$3.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;">, have been reclassified from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Increase in prepaid expenses and other assets</font><font style="font-family:inherit;font-size:10pt;"> and from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Decrease in accrued expenses and other liabilities</font><font style="font-family:inherit;font-size:10pt;">, respectively, in the consolidated statements of cash flows to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amortization of debt issuance costs</font><font style="font-family:inherit;font-size:10pt;">, within </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net cash provided by operating activities</font><font style="font-family:inherit;font-size:10pt;"> in order to conform to the current year presentation.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, for the three months ended March 31, 2016, </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> has been reclassified in the consolidated statements of cash flows from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other, net </font><font style="font-family:inherit;font-size:10pt;">to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Dividends received from unconsolidated affiliates</font><font style="font-family:inherit;font-size:10pt;"> within </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net cash provided by operating activities</font><font style="font-family:inherit;font-size:10pt;"> in order to conform to the current year presentation.</font></div></div> |