2018 Q3 Form 10-K Financial Statement

#000112695618000065 Filed on November 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 2017 Q3
Revenue $239.2M $1.965B $258.7M
YoY Change -7.54% 12.89% -7.38%
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 $45.50M $168.4M $39.70M
YoY Change 14.61% 9.28% 11.83%
% of Gross Profit
Operating Expenses $258.1M $1.671B $256.8M
YoY Change 0.51% 19.37% -10.52%
Operating Profit -$18.90M $294.1M $1.900M
YoY Change -1094.74% -13.73% -124.68%
Interest Expense -$24.40M $98.40M -$22.90M
YoY Change 6.55% 10.44% 17.44%
% of Operating Profit 33.46% -1205.26%
Other Income/Expense, Net -$600.0K -$8.000M $1.000M
YoY Change -160.0% -36.51% -79.17%
Pretax Income -$43.90M $187.7M -$20.00M
YoY Change 119.5% -21.53% -10.71%
Income Tax -$11.90M -$26.50M -$6.700M
% Of Pretax Income -14.12%
Net Earnings -$25.90M $214.2M -$13.30M
YoY Change 94.74% 32.55% -6.34%
Net Earnings / Revenue -10.83% 10.9% -5.14%
Basic Earnings Per Share -$0.51 $4.35 -$0.28
Diluted Earnings Per Share -$0.51 $4.33 -$0.28
COMMON SHARES
Basic Shares Outstanding 50.67M shares 49.10M 48.26M shares
Diluted Shares Outstanding 49.30M

Balance Sheet

Concept 2018 Q3 2018 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.400M $4.400M $7.400M
YoY Change -40.54% -40.54% 42.31%
Cash & Equivalents $4.400M $4.400M $7.400M
Short-Term Investments
Other Short-Term Assets $37.40M $146.3M $6.200M
YoY Change 503.23% -33.2% -95.29%
Inventory $210.3M $210.3M $225.8M
Prepaid Expenses $31.00M $28.00M
Receivables $296.8M $296.8M $271.4M
Other Receivables $1.800M $1.800M $1.900M
Total Short-Term Assets $659.6M $659.6M $725.5M
YoY Change -9.08% -9.08% 27.37%
LONG-TERM ASSETS
Property, Plant & Equipment $174.5M $4.145B $52.00M
YoY Change 235.58% 11.51% 279.56%
Goodwill $1.172B $1.172B
YoY Change 0.0% 0.58%
Intangibles
YoY Change
Long-Term Investments $68.70M $68.70M $64.20M
YoY Change 7.01% 7.01% 3.38%
Other Assets $128.9M $798.7M $77.10M
YoY Change 67.19% -8.01% -40.19%
Total Long-Term Assets $6.184B $6.184B $5.821B
YoY Change 6.23% 6.23% 5.94%
TOTAL ASSETS
Total Short-Term Assets $659.6M $659.6M $725.5M
Total Long-Term Assets $6.184B $6.184B $5.821B
Total Assets $6.844B $6.844B $6.547B
YoY Change 4.54% 4.54% 7.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $290.1M $290.1M $257.1M
YoY Change 12.84% 12.84% 21.91%
Accrued Expenses $54.90M $54.90M $53.30M
YoY Change 3.0% 3.0% -2.38%
Deferred Revenue $22.70M
YoY Change
Short-Term Debt $553.6M $553.6M $477.3M
YoY Change 15.99% 15.99% 19.71%
Long-Term Debt Due $175.5M $175.5M $100.0M
YoY Change 75.5% 75.5% -60.0%
Total Short-Term Liabilities $1.322B $1.322B $1.098B
YoY Change 20.38% 20.38% -5.46%
LONG-TERM LIABILITIES
Long-Term Debt $1.900B $1.900B $1.995B
YoY Change -4.76% -4.76% 9.57%
Other Long-Term Liabilities $66.80M $922.7M $63.80M
YoY Change 4.7% 22.21% -3.48%
Total Long-Term Liabilities $1.967B $2.823B $2.059B
YoY Change -4.46% 2.65% 9.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.322B $1.322B $1.098B
Total Long-Term Liabilities $1.967B $2.823B $2.059B
Total Liabilities $3.289B $4.588B $3.157B
YoY Change 4.18% 0.72% 3.56%
SHAREHOLDERS EQUITY
Retained Earnings $715.6M $614.2M
YoY Change 16.51% 11.49%
Common Stock $50.70M $48.30M
YoY Change 4.97% 5.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.255B $2.255B $1.991B
YoY Change
Total Liabilities & Shareholders Equity $6.844B $6.844B $6.547B
YoY Change 4.54% 4.54% 7.95%

Cashflow Statement

Concept 2018 Q3 2018 2017 Q3
OPERATING ACTIVITIES
Net Income -$25.90M $214.2M -$13.30M
YoY Change 94.74% 32.55% -6.34%
Depreciation, Depletion And Amortization $45.50M $168.4M $39.70M
YoY Change 14.61% 9.28% 11.83%
Cash From Operating Activities -$54.70M $456.6M -$32.40M
YoY Change 68.83% 58.38% 13.29%
INVESTING ACTIVITIES
Capital Expenditures -$165.1M $499.4M -$139.5M
YoY Change 18.35% 13.99% 42.35%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $4.700M $4.200M -$300.0K
YoY Change -1666.67% -625.0% -99.91%
Cash From Investing Activities -$160.4M -$531.7M -$139.8M
YoY Change 14.74% 22.65% -66.39%
FINANCING ACTIVITIES
Cash Dividend Paid $108.7M
YoY Change 12.99%
Common Stock Issuance & Retirement, Net $154.7M
YoY Change 5.31%
Debt Paid & Issued, Net $105.0M
YoY Change -73.34%
Cash From Financing Activities 229.6M 89.10M 171.3M
YoY Change 34.03% -39.55% -61.49%
NET CHANGE
Cash From Operating Activities -54.70M 456.6M -32.40M
Cash From Investing Activities -160.4M -531.7M -139.8M
Cash From Financing Activities 229.6M 89.10M 171.3M
Net Change In Cash 14.50M 14.00M -900.0K
YoY Change -1711.11% 536.36% -400.0%
FREE CASH FLOW
Cash From Operating Activities -$54.70M $456.6M -$32.40M
Capital Expenditures -$165.1M $499.4M -$139.5M
Free Cash Flow $110.4M -$42.80M $107.1M
YoY Change 3.08% -71.43% 54.32%

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CY2017Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
296600000 USD
CY2018Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
321100000 USD
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9100000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
12700000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5500000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5500000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
4600000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
11200000 USD
CY2017 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
80200000 USD
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
16900000 USD
CY2017Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
296600000 USD
CY2018Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
321100000 USD
CY2016Q3 us-gaap Assets
Assets
6064400000 USD
CY2017Q3 us-gaap Assets
Assets
6546700000 USD
CY2018Q3 us-gaap Assets
Assets
6843600000 USD
CY2017Q3 us-gaap Assets Current
AssetsCurrent
725500000 USD
CY2018Q3 us-gaap Assets Current
AssetsCurrent
659600000 USD
CY2016 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
3.48
CY2017 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
3.44
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
4.35
CY2016 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
3.46
CY2017 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
3.43
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
4.33
CY2016 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
153900000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
161600000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
214200000 USD
CY2016 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1632400000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1740700000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1965000000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
30400000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41000000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
62100000 USD
CY2017Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
3986300000 USD
CY2018Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
4163400000 USD
CY2018 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
2000000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7400000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4400000 USD
CY2015Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13800000 USD
CY2016Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5200000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7400000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21400000 USD
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8600000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2200000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14000000 USD
CY2017Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.96
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.10
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.25
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000 shares
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000 shares
CY2017Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48263243 shares
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50671903 shares
CY2017Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
48300000 USD
CY2018Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
50700000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
142000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
169000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
216700000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
1255000000 USD
CY2017 us-gaap Costs And Expenses
CostsAndExpenses
1419000000 USD
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
1685300000 USD
CY2018Q3 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
7700000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
100000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
100000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
600000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
500000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2200000 USD
CY2017Q3 us-gaap Customer Deposits Current
CustomerDepositsCurrent
34900000 USD
CY2018Q3 us-gaap Customer Deposits Current
CustomerDepositsCurrent
35500000 USD
CY2018Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2092000000 USD
CY2018 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.020
CY2017Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1800000 USD
CY2018Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2400000 USD
CY2017Q3 us-gaap Deferred Costs
DeferredCosts
868200000 USD
CY2018Q3 us-gaap Deferred Costs
DeferredCosts
798700000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
62000000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
67700000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-22700000 USD
CY2017Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
992700000 USD
CY2018Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
748600000 USD
CY2017Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
707500000 USD
CY2018Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
435800000 USD
CY2016 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
68800000 USD
CY2017 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
77000000 USD
CY2018 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-28700000 USD
CY2017Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
32000000 USD
CY2018Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
22700000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
7000000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9500000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5800000 USD
CY2018Q3 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
400000 USD
CY2018Q3 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
12900000 USD
CY2017Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
285700000 USD
CY2018Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
314200000 USD
CY2017Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
285200000 USD
CY2018Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
312800000 USD
CY2017Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
169600000 USD
CY2018Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
162700000 USD
CY2017Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
26000000 USD
CY2018Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
8200000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
58600000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
75600000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
31500000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
25900000 USD
CY2017Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
500000 USD
CY2018Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1400000 USD
CY2017Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
707500000 USD
CY2018Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
435800000 USD
CY2017Q3 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
30600000 USD
CY2018Q3 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
2300000 USD
CY2017Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
125800000 USD
CY2018Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
110900000 USD
CY2017Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
728300000 USD
CY2018Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
518300000 USD
CY2017 us-gaap Defined Benefit Plan Benefit Obligation Increase Decrease For Remeasurement Due To Settlement
DefinedBenefitPlanBenefitObligationIncreaseDecreaseForRemeasurementDueToSettlement
62200000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
7700000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
1300000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
8400000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
1400000 USD
CY2017Q3 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
748800000 USD
CY2018Q3 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
664600000 USD
CY2017Q3 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
701400000 USD
CY2018Q3 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
636000000 USD
CY2017Q3 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
531600000 USD
CY2018Q3 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
499200000 USD
CY2017Q3 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2018Q3 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2017 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate
2023
CY2018 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate
2025
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
137500000 USD
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
154100000 USD
CY2018 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
168400000 USD
CY2017Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
5300000 USD
CY2018Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
14800000 USD
CY2017Q3 us-gaap Derivative Assets
DerivativeAssets
6200000 USD
CY2018Q3 us-gaap Derivative Assets
DerivativeAssets
19000000 USD
CY2017Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
5900000 USD
CY2018Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
13300000 USD
CY2017Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
300000 USD
CY2018Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
5700000 USD
CY2017Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
13000000 USD
CY2018Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
27400000 USD
CY2017Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
13300000 USD
CY2018Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
21000000 USD
CY2016 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
100000 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-6000000 USD
CY2018 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
4000000 USD
CY2017Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
8000000 USD
CY2018Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
6200000 USD
CY2017Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4900000 USD
CY2018Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
6000000 USD
CY2017Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
3100000 USD
CY2018Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
200000 USD
CY2017Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
5300000 USD
CY2018Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
14800000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
87500000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
99200000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
112100000 USD
CY2017Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
26600000 USD
CY2018Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
30000000 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.26
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.245
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.44
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.40
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.03
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.51
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.35
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.24
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.39
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.33
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.325
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.324
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.141
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.359
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
-0.034
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
-0.023
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
-0.023
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.017
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.022
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.016
CY2016 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.002
CY2017 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.009
CY2018 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.004
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2017Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38700000 USD
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
39700000 USD
CY2016 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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2200000 USD
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3300000 USD
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1300000 USD
CY2018Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9400000 USD
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2900000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1300000 USD
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30000000 USD
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51100000 USD
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12600000 USD
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12300000 USD
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1700000 USD
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194900000 USD
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175200000 USD
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12000000 USD
CY2018Q3 us-gaap Energy Related Inventory Propane Gas
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12000000 USD
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CY2018Q3 us-gaap Goodwill
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218900000 USD
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213700000 USD
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239200000 USD
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187700000 USD
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69500000 USD
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200000 USD
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200000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Investment
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200000 USD
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63000000 USD
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32700000 USD
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5800000 USD
CY2018 us-gaap Increase Decrease In Accrued Taxes Payable
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6400000 USD
CY2016 us-gaap Increase Decrease In Deferred Gas Cost
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52800000 USD
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50900000 USD
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-16500000 USD
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23500000 USD
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35000000 USD
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39500000 USD
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40000000 USD
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11900000 USD
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9700000 USD
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10000000 USD
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6843600000 USD
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12800000 USD
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200000 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
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200000 shares
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89100000 USD
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98400000 USD
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67600000 USD
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76800000 USD
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83000000 USD
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9600000 USD
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12300000 USD
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15400000 USD
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200000 USD
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2600000 USD
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85500000 USD
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95100000 USD
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175500000 USD
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332300000 USD
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52000000 USD
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57000000 USD
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43200000 USD
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1240900000 USD
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14 lawsuit
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1600 plaintiff
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500000 USD
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2100000 USD
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2100000 USD
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2100000 USD
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300000 USD
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11500000 USD
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2400000 USD
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11800000 USD
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3100000 USD
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7400000 USD
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2500000 USD
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0 USD
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1500000 USD
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300000 USD
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4400000 USD
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600000 USD
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11500000 USD
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3900000 USD
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0 USD
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300000 USD
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4900000 USD
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4200000 USD
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44200000 USD
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4000000 USD
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4100000 USD
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500000 USD
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400000 USD
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500000 USD
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500000 USD
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400000 USD
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500000 USD
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1500000 USD
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28100000 USD
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317700000 USD
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293300000 USD
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438100000 USD
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239200000 USD
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1965000000 USD
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1660000000 USD
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1888000000 USD
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499400000 USD
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293300000 USD
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438100000 USD
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499400000 USD
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237400000 USD
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180200000 USD
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5000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
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5000000 shares
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0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
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28000000 USD
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31000000 USD
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P3Y
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0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.150
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.163
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.160
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0.0114
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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1000000 shares
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CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P2Y9M18D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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1400000 USD
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1600000 USD
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500000 USD
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8300000 USD
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15200000 USD
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10000000 USD
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11000000 USD
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8100000 USD
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4000000 USD
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3400000 USD
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2400000 USD
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1200000 USD
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0 USD
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500000 USD
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1400000 USD
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100000 USD
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5100000 USD
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3900000 USD
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80100000 USD
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1131800000 USD
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1266800000 USD
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1545200000 USD
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153500000 USD
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405000000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Georgia,serif;font-size:10pt;font-weight:bold;">USE OF ESTIMATES </font><font style="font-family:Georgia,serif;font-size:10pt;">&#8211; 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 periods. Actual results could differ from those estimates.</font></div></div>

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