2016 Q3 Form 10-Q Financial Statement

#000009212216000213 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $6.264B $5.401B
YoY Change 15.98% 1.16%
Cost Of Revenue $444.0M $193.0M
YoY Change 130.05% -0.52%
Gross Profit $5.820B $5.208B
YoY Change 11.75% 1.22%
Gross Profit Margin 92.91% 96.43%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $803.0M $616.0M
YoY Change 30.36% 0.0%
% of Gross Profit 13.8% 11.83%
Operating Expenses $3.815B $3.409B
YoY Change 11.91% -1.16%
Operating Profit $1.917B $1.649B
YoY Change 16.25% 29.03%
Interest Expense -$374.0M -$218.0M
YoY Change 71.56% 5.31%
% of Operating Profit -19.51% -13.22%
Other Income/Expense, Net -$301.0M -$179.0M
YoY Change 68.16% -419.64%
Pretax Income $1.616B $1.470B
YoY Change 9.93% 30.43%
Income Tax $439.0M $500.0M
% Of Pretax Income 27.17% 34.01%
Net Earnings $1.177B $970.0M
YoY Change 21.34% 31.97%
Net Earnings / Revenue 18.79% 17.96%
Basic Earnings Per Share $1.18 $1.05
Diluted Earnings Per Share $1.17 $1.05
COMMON SHARES
Basic Shares Outstanding 968.0M shares 910.0M shares
Diluted Shares Outstanding 975.0M shares 912.0M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.669B $1.109B
YoY Change 140.67% -21.57%
Cash & Equivalents $2.669B $1.109B
Short-Term Investments
Other Short-Term Assets $168.0M $1.637B
YoY Change -89.74% 33.41%
Inventory $2.559B $1.737B
Prepaid Expenses $459.0M
Receivables $1.675B $1.413B
Other Receivables $897.0M $374.0M
Total Short-Term Assets $9.658B $6.270B
YoY Change 54.04% 0.19%
LONG-TERM ASSETS
Property, Plant & Equipment $75.55B $58.24B
YoY Change 29.72% 9.55%
Goodwill $6.223B
YoY Change
Intangibles $942.0M
YoY Change
Long-Term Investments $1.541B
YoY Change
Other Assets $1.133B $10.26B
YoY Change -88.95% 24.66%
Total Long-Term Assets $96.70B $68.95B
YoY Change 40.26% 12.3%
TOTAL ASSETS
Total Short-Term Assets $9.658B $6.270B
Total Long-Term Assets $96.70B $68.95B
Total Assets $106.4B $75.22B
YoY Change 41.41% 11.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.732B $1.419B
YoY Change 22.06% 2.75%
Accrued Expenses $1.787B $1.474B
YoY Change 21.23% 0.68%
Deferred Revenue
YoY Change
Short-Term Debt $1.670B $1.490B
YoY Change 12.08% 312.74%
Long-Term Debt Due $2.254B $3.313B
YoY Change -31.96% 38.16%
Total Short-Term Liabilities $10.57B $9.689B
YoY Change 9.06% 40.62%
LONG-TERM LIABILITIES
Long-Term Debt $41.55B $22.33B
YoY Change 86.11% 2.89%
Other Long-Term Liabilities $641.0M $7.941B
YoY Change -91.93% 30.97%
Total Long-Term Liabilities $641.0M $30.27B
YoY Change -97.88% 9.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.57B $9.689B
Total Long-Term Liabilities $641.0M $30.27B
Total Liabilities $80.02B $53.82B
YoY Change 48.66% 15.34%
SHAREHOLDERS EQUITY
Retained Earnings $10.69B
YoY Change
Common Stock $14.12B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.00M
YoY Change
Treasury Stock Shares 800.0K shares
Shareholders Equity $24.55B $21.39B
YoY Change
Total Liabilities & Shareholders Equity $106.4B $75.22B
YoY Change 41.41% 11.18%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $1.177B $970.0M
YoY Change 21.34% 31.97%
Depreciation, Depletion And Amortization $803.0M $616.0M
YoY Change 30.36% 0.0%
Cash From Operating Activities $2.156B $2.981B
YoY Change -27.68% 13.91%
INVESTING ACTIVITIES
Capital Expenditures -$1.766B -$1.971B
YoY Change -10.4% 62.76%
Acquisitions
YoY Change
Other Investing Activities -$2.199B -$143.0M
YoY Change 1437.76% -19.21%
Cash From Investing Activities -$3.965B -$2.114B
YoY Change 87.56% 52.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.581B -571.0M
YoY Change -552.01% 43.47%
NET CHANGE
Cash From Operating Activities 2.156B 2.981B
Cash From Investing Activities -3.965B -2.114B
Cash From Financing Activities 2.581B -571.0M
Net Change In Cash 772.0M 296.0M
YoY Change 160.81% -64.38%
FREE CASH FLOW
Cash From Operating Activities $2.156B $2.981B
Capital Expenditures -$1.766B -$1.971B
Free Cash Flow $3.922B $4.952B
YoY Change -20.8% 29.36%

Facts In Submission

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us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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us-gaap Payments To Acquire Equity Method Investments
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
459000000 USD
us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
1159000000 USD
us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
832000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
136000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3265000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3992000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
14091000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
2110000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
274000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
367000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-63000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-151000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
662000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
655000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
280000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
970000000 USD
us-gaap Profit Loss
ProfitLoss
2138000000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
1168000000 USD
us-gaap Profit Loss
ProfitLoss
2299000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
75118000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
94174000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61114000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
75554000000 USD
CY2015Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
60000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
163000000 USD
CY2016Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
52000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
150000000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
43000000 USD
CY2016Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
49000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2562000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2405000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
576000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
255000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
475000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10010000000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10685000000 USD
CY2015Q3 us-gaap Revenues
Revenues
5401000000 USD
us-gaap Revenues
Revenues
13921000000 USD
CY2016Q3 us-gaap Revenues
Revenues
6264000000 USD
us-gaap Revenues
Revenues
14715000000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1376000000 USD
CY2016Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1670000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
136000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3265000000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
77000000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
87000000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
150000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
115000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
20592000000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
24547000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20926000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21923000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21982000000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26180000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
5000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
7000000 USD
CY2015Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
264000000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
761000000 USD
CY2016Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
309000000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
821000000 USD
CY2015Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
118000000 USD
CY2016Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
118000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3400000 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
800000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
142000000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
30000000 USD
CY2015Q4 us-gaap Unamortized Loss Reacquired Debt Noncurrent
UnamortizedLossReacquiredDebtNoncurrent
227000000 USD
CY2016Q3 us-gaap Unamortized Loss Reacquired Debt Noncurrent
UnamortizedLossReacquiredDebtNoncurrent
228000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
433000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
458000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
12000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
13000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
20000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1520000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
3932000000 USD
CY2016Q3 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1400000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
3334000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1097000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
3320000000 USD
CY2016Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1411000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
3616000000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
912000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
913000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
975000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
945000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
910000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
910000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
968000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
940000000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Certain prior year data presented in the financial statements have been reclassified to conform to the current year presentation. These reclassifications had no impact on the results of operations, financial position, or cash flows of any registrant.</font></div></div>

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