2018 Q1 Form 10-Q Financial Statement

#000008652118000041 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $2.536B $3.031B
YoY Change -16.33% 15.6%
Cost Of Revenue $69.00M $22.00M
YoY Change 213.64% -37.14%
Gross Profit $2.476B $3.023B
YoY Change -18.09% 16.81%
Gross Profit Margin 97.63% 99.74%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $372.0M $360.0M
YoY Change 3.33% 9.76%
% of Gross Profit 15.02% 11.91%
Operating Expenses $1.846B $2.234B
YoY Change -17.37% 11.2%
Operating Profit $630.0M $789.0M
YoY Change -20.15% 36.27%
Interest Expense $206.0M $169.0M
YoY Change 21.89% 18.18%
% of Operating Profit 32.7% 21.42%
Other Income/Expense, Net $152.0M $174.0M
YoY Change -12.64% 255.1%
Pretax Income $598.0M $755.0M
YoY Change -20.79% 65.93%
Income Tax $242.0M $295.0M
% Of Pretax Income 40.47% 39.07%
Net Earnings $347.0M $441.0M
YoY Change -21.32% 24.93%
Net Earnings / Revenue 13.68% 14.55%
Basic Earnings Per Share $0.08 $1.80
Diluted Earnings Per Share $0.08 $1.79
COMMON SHARES
Basic Shares Outstanding 257.9M shares 251.1M shares
Diluted Shares Outstanding 259.5M shares 252.2M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $239.0M $290.0M
YoY Change -17.59% -22.87%
Cash & Equivalents $239.0M $290.0M
Short-Term Investments
Other Short-Term Assets $166.0M $265.0M
YoY Change -37.36% -2.93%
Inventory $285.0M $210.0M
Prepaid Expenses
Receivables $1.328B $1.267B
Other Receivables $471.0M $266.0M
Total Short-Term Assets $3.394B $2.953B
YoY Change 14.93% 2.43%
LONG-TERM ASSETS
Property, Plant & Equipment $37.03B $33.49B
YoY Change 10.55% 17.79%
Goodwill $2.406B $2.380B
YoY Change 1.09% 180.33%
Intangibles $596.0M $544.0M
YoY Change 9.56% 35.32%
Long-Term Investments $9.176B $3.369B
YoY Change 172.37% 23.54%
Other Assets $865.0M $817.0M
YoY Change 5.88% -0.97%
Total Long-Term Assets $57.09B $45.33B
YoY Change 25.94% 16.38%
TOTAL ASSETS
Total Short-Term Assets $3.394B $2.953B
Total Long-Term Assets $57.09B $45.33B
Total Assets $60.49B $48.28B
YoY Change 25.27% 15.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.063B $982.0M
YoY Change 8.25% -5.67%
Accrued Expenses $253.0M $239.0M
YoY Change 5.86% -7.72%
Deferred Revenue
YoY Change
Short-Term Debt $3.665B $2.054B
YoY Change 78.43% 74.51%
Long-Term Debt Due $1.871B $839.0M
YoY Change 123.0% -21.29%
Total Short-Term Liabilities $9.109B $5.812B
YoY Change 56.73% 13.25%
LONG-TERM LIABILITIES
Long-Term Debt $20.86B $14.41B
YoY Change 44.79% 11.05%
Other Long-Term Liabilities $9.528B $8.443B
YoY Change 12.85% 610.69%
Total Long-Term Liabilities $30.39B $22.85B
YoY Change 32.99% 1823.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.109B $5.812B
Total Long-Term Liabilities $30.39B $22.85B
Total Liabilities $44.62B $35.00B
YoY Change 27.49% 453.8%
SHAREHOLDERS EQUITY
Retained Earnings $10.26B $10.95B
YoY Change -6.32% 8.17%
Common Stock $4.436B $3.008B
YoY Change 47.47% 13.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.84B $13.26B
YoY Change
Total Liabilities & Shareholders Equity $60.49B $48.28B
YoY Change 25.27% 15.42%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $347.0M $441.0M
YoY Change -21.32% 24.93%
Depreciation, Depletion And Amortization $372.0M $360.0M
YoY Change 3.33% 9.76%
Cash From Operating Activities $966.0M $1.004B
YoY Change -3.78% 60.38%
INVESTING ACTIVITIES
Capital Expenditures $979.0M $992.0M
YoY Change -1.31% 2.16%
Acquisitions -$9.566B $0.00
YoY Change
Other Investing Activities -$35.00M -$4.000M
YoY Change 775.0% -233.33%
Cash From Investing Activities -$10.70B -$1.026B
YoY Change 943.08% 3.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.259B -$3.000M
YoY Change 41866.67% -107.69%
Debt Paid & Issued, Net $154.0M $313.0M
YoY Change -50.8% 479.63%
Cash From Financing Activities $9.678B -$46.00M
YoY Change -21139.13% -113.94%
NET CHANGE
Cash From Operating Activities $966.0M $1.004B
Cash From Investing Activities -$10.70B -$1.026B
Cash From Financing Activities $9.678B -$46.00M
Net Change In Cash -$57.00M -$58.00M
YoY Change -1.72% 75.76%
FREE CASH FLOW
Cash From Operating Activities $966.0M $1.004B
Capital Expenditures $979.0M $992.0M
Free Cash Flow -$13.00M $12.00M
YoY Change -208.33% -103.48%

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CY2018Q1 sre Increase In Capital Lease Obligations For Investment In Property Plant And Equipment
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CY2018Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
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CY2017Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Dividends Common Stock
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CY2018Q1 us-gaap Due From Affiliate Current
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CY2017Q1 us-gaap Revenue From Related Parties
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CY2017Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2017Q1 us-gaap Unrealized Gain Loss On Derivatives
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CY2018Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2017Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2018Q1 sre Defined Benefit Plan Net Periodic Benefit Cost Credit.Excluding Service Cost
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CY2017Q1 us-gaap Nonoperating Income Expense
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CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2018Q1 us-gaap Income Tax Expense Benefit
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CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2017Q1 us-gaap Income Tax Expense Benefit
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CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018Q1 us-gaap Income Loss From Equity Method Investments
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CY2017Q1 us-gaap Income Loss From Equity Method Investments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017Q4 sre Tax Cutsand Jobs Act Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense Benefit
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CY2018Q1 sre Tax Cutsand Jobs Act Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense Benefit
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CY2018Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2018Q1 sre Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential Netof Noncontrolling Interest Amount
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CY2017Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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2527000000 USD

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