2017 Q1 Form 10-Q Financial Statement

#000008652117000033 Filed on May 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $3.031B $2.622B
YoY Change 15.6% -2.24%
Cost Of Revenue $22.00M $35.00M
YoY Change -37.14% 0.0%
Gross Profit $3.023B $2.588B
YoY Change 16.81% -2.12%
Gross Profit Margin 99.74% 98.7%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $360.0M $328.0M
YoY Change 9.76% 8.25%
% of Gross Profit 11.91% 12.67%
Operating Expenses $2.234B $2.009B
YoY Change 11.2% 1.77%
Operating Profit $789.0M $579.0M
YoY Change 36.27% -13.58%
Interest Expense $169.0M $143.0M
YoY Change 18.18% 6.72%
% of Operating Profit 21.42% 24.7%
Other Income/Expense, Net $174.0M $49.00M
YoY Change 255.1% 25.64%
Pretax Income $755.0M $455.0M
YoY Change 65.93% -24.92%
Income Tax $295.0M $108.0M
% Of Pretax Income 39.07% 23.74%
Net Earnings $441.0M $353.0M
YoY Change 24.93% -19.22%
Net Earnings / Revenue 14.55% 13.46%
Basic Earnings Per Share $1.80 $1.41
Diluted Earnings Per Share $1.79 $1.40
COMMON SHARES
Basic Shares Outstanding 251.1M shares 249.7M shares
Diluted Shares Outstanding 252.2M shares 251.5M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.0M $376.0M
YoY Change -22.87% -0.27%
Cash & Equivalents $290.0M $376.0M
Short-Term Investments
Other Short-Term Assets $265.0M $273.0M
YoY Change -2.93% -22.88%
Inventory $210.0M $231.0M
Prepaid Expenses
Receivables $1.267B $1.100B
Other Receivables $266.0M $226.0M
Total Short-Term Assets $2.953B $2.883B
YoY Change 2.43% -21.14%
LONG-TERM ASSETS
Property, Plant & Equipment $33.49B $28.43B
YoY Change 17.79% 8.37%
Goodwill $2.380B $849.0M
YoY Change 180.33% -5.98%
Intangibles $544.0M $402.0M
YoY Change 35.32% -2.43%
Long-Term Investments $3.369B $2.727B
YoY Change 23.54% -33.76%
Other Assets $817.0M $825.0M
YoY Change -0.97% 20.97%
Total Long-Term Assets $45.33B $38.95B
YoY Change 16.38% 8.52%
TOTAL ASSETS
Total Short-Term Assets $2.953B $2.883B
Total Long-Term Assets $45.33B $38.95B
Total Assets $48.28B $41.84B
YoY Change 15.42% 5.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $982.0M $1.041B
YoY Change -5.67% 14.77%
Accrued Expenses $239.0M $259.0M
YoY Change -7.72% 8.82%
Deferred Revenue
YoY Change
Short-Term Debt $2.054B $1.177B
YoY Change 74.51% 48.05%
Long-Term Debt Due $839.0M $1.066B
YoY Change -21.29% 123.48%
Total Short-Term Liabilities $5.812B $5.132B
YoY Change 13.25% 36.13%
LONG-TERM LIABILITIES
Long-Term Debt $14.41B $12.98B
YoY Change 11.05% -0.28%
Other Long-Term Liabilities $8.443B $1.188B
YoY Change 610.69% 6.26%
Total Long-Term Liabilities $22.85B $1.188B
YoY Change 1823.57% 6.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.812B $5.132B
Total Long-Term Liabilities $22.85B $1.188B
Total Liabilities $35.00B $6.320B
YoY Change 453.8% 29.3%
SHAREHOLDERS EQUITY
Retained Earnings $10.95B $10.13B
YoY Change 8.17% 5.44%
Common Stock $3.008B $2.642B
YoY Change 13.85% 5.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.26B $11.95B
YoY Change
Total Liabilities & Shareholders Equity $48.28B $41.84B
YoY Change 15.42% 5.77%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $441.0M $353.0M
YoY Change 24.93% -19.22%
Depreciation, Depletion And Amortization $360.0M $328.0M
YoY Change 9.76% 8.25%
Cash From Operating Activities $1.004B $626.0M
YoY Change 60.38% -22.81%
INVESTING ACTIVITIES
Capital Expenditures $992.0M $971.0M
YoY Change 2.16% 24.49%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities -$4.000M $3.000M
YoY Change -233.33% -133.33%
Cash From Investing Activities -$1.026B -$989.0M
YoY Change 3.74% 28.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.000M $39.00M
YoY Change -107.69% -18.75%
Debt Paid & Issued, Net $313.0M $54.00M
YoY Change 479.63% -91.74%
Cash From Financing Activities -$46.00M $330.0M
YoY Change -113.94% -242.86%
NET CHANGE
Cash From Operating Activities $1.004B $626.0M
Cash From Investing Activities -$1.026B -$989.0M
Cash From Financing Activities -$46.00M $330.0M
Net Change In Cash -$58.00M -$33.00M
YoY Change 75.76% -82.63%
FREE CASH FLOW
Cash From Operating Activities $1.004B $626.0M
Capital Expenditures $992.0M $971.0M
Free Cash Flow $12.00M -$345.0M
YoY Change -103.48% -1212.9%

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CY2017Q1 us-gaap Litigation Settlement Amount
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CY2017Q1 sre Environmental Exit Costs Anticipated Term
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CY2017Q1 us-gaap Available For Sale Securities
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CY2016Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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CY2016Q4 us-gaap Available For Sale Securities
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CY2016Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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93000000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
45000000 USD
CY2016Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
3000000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
5000000 USD
CY2016Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
8000000 USD
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2017Q1 us-gaap Revenues
Revenues
3031000000 USD
CY2016Q1 us-gaap Revenues
Revenues
2622000000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
169000000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
143000000 USD
CY2017Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
6000000 USD
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
6000000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
360000000 USD
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
328000000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
295000000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108000000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-22000000 USD
CY2017Q1 sre Segment Reporting Information Income Loss From Equity Method Investments Net Of Income Tax
SegmentReportingInformationIncomeLossFromEquityMethodInvestmentsNetOfIncomeTax
-8000000 USD
CY2016Q1 sre Segment Reporting Information Income Loss From Equity Method Investments Net Of Income Tax
SegmentReportingInformationIncomeLossFromEquityMethodInvestmentsNetOfIncomeTax
17000000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
441000000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
353000000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
992000000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
971000000 USD
CY2017Q1 us-gaap Assets
Assets
48284000000 USD
CY2016Q4 us-gaap Assets
Assets
47786000000 USD
CY2017Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2120000000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2097000000 USD

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