2018 Q2 Form 10-Q Financial Statement

#000009212218000050 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $5.627B $5.430B
YoY Change 3.63% 21.78%
Cost Of Revenue $743.0M $557.0M
YoY Change 33.39% 125.51%
Gross Profit $4.884B $4.873B
YoY Change 0.23% 15.69%
Gross Profit Margin 86.8% 89.74%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $877.0M $860.0M
YoY Change 1.98% 28.94%
% of Gross Profit 17.96% 17.65%
Operating Expenses $3.606B $3.510B
YoY Change 2.74% 19.14%
Operating Profit $63.00M -$1.649B
YoY Change -103.82% -239.16%
Interest Expense -$470.0M -$424.0M
YoY Change 10.85% 44.22%
% of Operating Profit -746.03%
Other Income/Expense, Net -$329.0M -$286.0M
YoY Change 15.03% 3.25%
Pretax Income -$266.0M -$1.935B
YoY Change -86.25% -313.11%
Income Tax -$139.0M -$587.0M
% Of Pretax Income
Net Earnings -$154.0M -$1.381B
YoY Change -88.85% -313.45%
Net Earnings / Revenue -2.74% -25.43%
Basic Earnings Per Share -$0.15 -$1.38
Diluted Earnings Per Share -$0.15 -$1.37
COMMON SHARES
Basic Shares Outstanding 1.014B shares 998.0M shares
Diluted Shares Outstanding 1.014B shares 1.005B shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.980B $1.433B
YoY Change 38.17% -24.46%
Cash & Equivalents $1.980B $1.433B
Short-Term Investments
Other Short-Term Assets $172.0M $206.0M
YoY Change -16.5% 190.14%
Inventory $2.151B $2.562B
Prepaid Expenses $398.0M $361.0M
Receivables $1.686B $1.548B
Other Receivables $1.231B $1.565B
Total Short-Term Assets $11.62B $8.837B
YoY Change 31.48% -41.67%
LONG-TERM ASSETS
Property, Plant & Equipment $77.19B $78.69B
YoY Change -1.9% 23.15%
Goodwill $5.315B $6.271B
YoY Change -15.24% 2275.38%
Intangibles $702.0M $929.0M
YoY Change -24.43% 89.59%
Long-Term Investments $1.546B $1.632B
YoY Change -5.27%
Other Assets $1.497B $1.387B
YoY Change 7.93% 66.51%
Total Long-Term Assets $101.2B $99.85B
YoY Change 1.31% 31.86%
TOTAL ASSETS
Total Short-Term Assets $11.62B $8.837B
Total Long-Term Assets $101.2B $99.85B
Total Assets $112.8B $108.7B
YoY Change 3.77% 19.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.162B $1.920B
YoY Change 12.6% 28.6%
Accrued Expenses $1.659B $1.582B
YoY Change 4.87% 26.46%
Deferred Revenue
YoY Change
Short-Term Debt $4.981B $3.274B
YoY Change 52.14% 138.63%
Long-Term Debt Due $2.237B $3.031B
YoY Change -26.2% 11.27%
Total Short-Term Liabilities $14.37B $12.75B
YoY Change 12.67% 49.77%
LONG-TERM LIABILITIES
Long-Term Debt $42.48B $43.89B
YoY Change -3.19% 24.08%
Other Long-Term Liabilities $516.0M $805.0M
YoY Change -35.9% 11.19%
Total Long-Term Liabilities $516.0M $805.0M
YoY Change -35.9% 11.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.37B $12.75B
Total Long-Term Liabilities $516.0M $805.0M
Total Liabilities $85.76B $83.27B
YoY Change 2.99% 23.81%
SHAREHOLDERS EQUITY
Retained Earnings $8.494B $8.494B
YoY Change 0.0% -15.78%
Common Stock $15.37B $15.10B
YoY Change 1.76% 23.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.00M $34.00M
YoY Change 14.71% 13.33%
Treasury Stock Shares 1.000M shares 900.0K shares
Shareholders Equity $23.64B $23.37B
YoY Change
Total Liabilities & Shareholders Equity $112.8B $108.7B
YoY Change 3.77% 19.6%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$154.0M -$1.381B
YoY Change -88.85% -313.45%
Depreciation, Depletion And Amortization $877.0M $860.0M
YoY Change 1.98% 28.94%
Cash From Operating Activities $1.749B $1.845B
YoY Change -5.2% 46.2%
INVESTING ACTIVITIES
Capital Expenditures -$2.047B -$1.910B
YoY Change 7.17% 18.34%
Acquisitions
YoY Change
Other Investing Activities $418.0M -$176.0M
YoY Change -337.5% -98.01%
Cash From Investing Activities -$1.629B -$2.086B
YoY Change -21.91% -80.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -393.0M 580.0M
YoY Change -167.76% -94.4%
NET CHANGE
Cash From Operating Activities 1.749B 1.845B
Cash From Investing Activities -1.629B -2.086B
Cash From Financing Activities -393.0M 580.0M
Net Change In Cash -273.0M 339.0M
YoY Change -180.53% -70.34%
FREE CASH FLOW
Cash From Operating Activities $1.749B $1.845B
Capital Expenditures -$2.047B -$1.910B
Free Cash Flow $3.796B $3.755B
YoY Change 1.09% 30.56%

Facts In Submission

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PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
22000000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4000000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8000000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
452000000 USD
CY2018Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
398000000 USD
us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
383000000 USD
us-gaap Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
566000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
417000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
222000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2958000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1100000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
73000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1210000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-75000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
30000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
65000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
500000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1004000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1650000000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2018Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
809000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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PropertyPlantAndEquipmentGross
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CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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PropertyPlantAndEquipmentNet
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CY2017Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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58000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
115000000 USD
CY2018Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
32000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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63000000 USD
us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3379000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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1431000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
550000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8885000000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8494000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
263000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
352000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
322000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
322000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
310000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1960000000 USD
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P1Y
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P1Y
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P1Y
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P1Y
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P1Y
us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
CY2017Q2 us-gaap Revenues
Revenues
5430000000 USD
us-gaap Revenues
Revenues
11202000000 USD
CY2018Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2017Q4 us-gaap Short Term Borrowings
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CY2018Q2 us-gaap Short Term Borrowings
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
417000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Option Plan Expense
StockOptionPlanExpense
73000000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
83000000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
150000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25528000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26692000000 USD
us-gaap Stockholders Equity Other
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3000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
26000000 USD
CY2017Q2 us-gaap Taxes Excluding Income And Excise Taxes
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us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
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CY2018Q2 us-gaap Taxes Excluding Income And Excise Taxes
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us-gaap Taxes Excluding Income And Excise Taxes
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671000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
636000000 USD
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
544000000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
324000000 USD
CY2018Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
324000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
900000 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
36000000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
39000000 USD
CY2017Q4 us-gaap Unamortized Loss Reacquired Debt Noncurrent
UnamortizedLossReacquiredDebtNoncurrent
206000000 USD
CY2018Q2 us-gaap Unamortized Loss Reacquired Debt Noncurrent
UnamortizedLossReacquiredDebtNoncurrent
333000000 USD
CY2017Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1092000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
2088000000 USD
CY2018Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1103000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
2204000000 USD
CY2017Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1356000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
2740000000 USD
CY2018Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1559000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
3008000000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1005000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1003000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1014000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1017000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
998000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
996000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1014000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1012000000 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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