2021 Q2 Form 10-Q Financial Statement

#000103220821000032 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $2.741B $2.526B
YoY Change 8.51% 13.27%
Cost Of Revenue $51.00M
YoY Change -19.05%
Gross Profit $2.462B
YoY Change 14.51%
Gross Profit Margin 97.47%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $463.0M $412.0M
YoY Change 12.38% 5.91%
% of Gross Profit 16.73%
Operating Expenses $2.289B $1.810B
YoY Change 26.46% 5.79%
Operating Profit $652.0M
YoY Change 48.52%
Interest Expense $258.0M $274.0M
YoY Change -5.84% 6.2%
% of Operating Profit 42.02%
Other Income/Expense, Net $72.00M $62.00M
YoY Change 16.13% 121.43%
Pretax Income $466.0M $547.0M
YoY Change -14.81% 89.93%
Income Tax $139.0M $168.0M
% Of Pretax Income 29.83% 30.71%
Net Earnings $455.0M $2.239B
YoY Change -79.68% 532.49%
Net Earnings / Revenue 16.6% 88.64%
Basic Earnings Per Share $1.38 $7.64
Diluted Earnings Per Share $1.37 $7.61
COMMON SHARES
Basic Shares Outstanding 307.8M shares 293.1M shares
Diluted Shares Outstanding 308.6M shares 294.2M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $335.0M $4.894B
YoY Change -93.15% 2813.1%
Cash & Equivalents $335.0M $4.894B
Short-Term Investments
Other Short-Term Assets $308.0M $423.0M
YoY Change -27.19% 51.61%
Inventory $339.0M $267.0M
Prepaid Expenses
Receivables $1.441B $1.022B
Other Receivables $487.0M $527.0M
Total Short-Term Assets $3.760B $7.640B
YoY Change -50.79% 174.52%
LONG-TERM ASSETS
Property, Plant & Equipment $42.43B $37.95B
YoY Change 11.82% 7.55%
Goodwill $1.602B $1.602B
YoY Change 0.0% 0.0%
Intangibles $382.0M $208.0M
YoY Change 83.65% -5.02%
Long-Term Investments $12.66B $11.76B
YoY Change 7.63% 7.58%
Other Assets $730.0M $694.0M
YoY Change 5.19% -19.77%
Total Long-Term Assets $64.85B $60.75B
YoY Change 6.75% 1.34%
TOTAL ASSETS
Total Short-Term Assets $3.760B $7.640B
Total Long-Term Assets $64.85B $60.75B
Total Assets $68.61B $68.39B
YoY Change 0.33% 9.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.333B $1.311B
YoY Change 1.68% 27.65%
Accrued Expenses $365.0M $350.0M
YoY Change 4.29% 0.57%
Deferred Revenue
YoY Change
Short-Term Debt $2.266B $3.143B
YoY Change -27.9% 31.23%
Long-Term Debt Due $507.0M $2.285B
YoY Change -77.81% 5.98%
Total Short-Term Liabilities $7.312B $9.595B
YoY Change -23.79% 17.34%
LONG-TERM LIABILITIES
Long-Term Debt $22.09B $20.54B
YoY Change 7.57% -3.13%
Other Long-Term Liabilities $10.19B $10.28B
YoY Change -0.84% -8.81%
Total Long-Term Liabilities $32.28B $30.81B
YoY Change 4.77% -5.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.312B $9.595B
Total Long-Term Liabilities $32.28B $30.81B
Total Liabilities $43.14B $44.76B
YoY Change -3.62% -1.12%
SHAREHOLDERS EQUITY
Retained Earnings $14.29B $13.51B
YoY Change 5.77% 29.6%
Common Stock $10.15B $7.490B
YoY Change 35.51% 33.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.45B $23.61B
YoY Change
Total Liabilities & Shareholders Equity $68.61B $68.39B
YoY Change 0.33% 9.02%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $455.0M $2.239B
YoY Change -79.68% 532.49%
Depreciation, Depletion And Amortization $463.0M $412.0M
YoY Change 12.38% 5.91%
Cash From Operating Activities $753.0M -$291.0M
YoY Change -358.76% -138.65%
INVESTING ACTIVITIES
Capital Expenditures -$1.497B -$1.433B
YoY Change 4.47%
Acquisitions
YoY Change
Other Investing Activities $210.0M $5.468B
YoY Change -96.16% -1157.64%
Cash From Investing Activities -$1.287B $4.035B
YoY Change -131.9% -343.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 125.0M -1.272B
YoY Change -109.83% -228.23%
NET CHANGE
Cash From Operating Activities 753.0M -291.0M
Cash From Investing Activities -1.287B 4.035B
Cash From Financing Activities 125.0M -1.272B
Net Change In Cash -409.0M 2.472B
YoY Change -116.55% 2709.09%
FREE CASH FLOW
Cash From Operating Activities $753.0M -$291.0M
Capital Expenditures -$1.497B -$1.433B
Free Cash Flow $2.250B $1.142B
YoY Change 97.02% 51.66%

Facts In Submission

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34000000 USD
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us-gaap Profit Loss
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36000000 USD
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27000000 USD
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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960000000 USD
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371000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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us-gaap Provision For Doubtful Accounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2020Q4 us-gaap Energy Related Inventory Natural Gas In Storage
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CY2020Q4 sre Energy Related Inventory Liquefied Natural Gas
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CY2020Q4 sre Energy Related Inventory Materials And Supplies
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us-gaap Interest Costs Incurred Capitalized
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250000000 USD
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us-gaap Amortization Of Intangible Assets
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Other Preferred Stock Dividends And Adjustments
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us-gaap Other Preferred Stock Dividends And Adjustments
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CY2020Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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464000000 USD
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2020Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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CY2020Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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464000000 USD
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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1204000000 USD
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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CY2020Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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52000000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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424000000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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1298000000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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3051000000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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307800000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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293060000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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304372000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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292925000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
807000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1095000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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846000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1199000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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13838000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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308607000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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294155000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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306284000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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307962000 shares
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.38
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.58
us-gaap Income Loss From Continuing Operations Per Basic Share
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4.27
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.93
CY2021Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
CY2020Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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6.31
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1.38
CY2020Q2 us-gaap Earnings Per Share Basic
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7.64
us-gaap Earnings Per Share Basic
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4.27
us-gaap Earnings Per Share Basic
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10.24
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.37
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.58
us-gaap Income Loss From Continuing Operations Per Diluted Share
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4.24
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.91
CY2021Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2020Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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6.03
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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6.00
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CY2020Q2 us-gaap Earnings Per Share Diluted
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7.61
us-gaap Earnings Per Share Diluted
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4.24
us-gaap Earnings Per Share Diluted
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9.91
CY2021Q2 sre Vestedrsusincludedinbasicwaso
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CY2020Q2 sre Vestedrsusincludedinbasicwaso
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sre Vestedrsusincludedinbasicwaso
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454000 shares
sre Vestedrsusincludedinbasicwaso
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536000 shares
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CY2020Q4 us-gaap Other Minority Interests
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20000000 USD
CY2021Q2 us-gaap Due From Affiliate Noncurrent
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CY2020Q4 us-gaap Due From Affiliate Noncurrent
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CY2021Q2 us-gaap Due To Affiliate Current
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CY2020Q4 us-gaap Due To Affiliate Current
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CY2021Q2 us-gaap Revenue From Related Parties
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CY2020Q2 us-gaap Revenue From Related Parties
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10000000 USD
us-gaap Revenue From Related Parties
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us-gaap Revenue From Related Parties
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CY2020Q2 us-gaap Costs And Expenses Related Party
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us-gaap Costs And Expenses Related Party
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us-gaap Costs And Expenses Related Party
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CY2021Q2 us-gaap Interest Income Related Party
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CY2020Q2 us-gaap Interest Income Related Party
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us-gaap Interest Income Related Party
InterestIncomeRelatedParty
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us-gaap Interest Income Related Party
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CY2021Q2 us-gaap Interest Expense Related Party
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CY2020Q2 us-gaap Interest Expense Related Party
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us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
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us-gaap Interest Expense Related Party
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CY2021Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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34000000 USD
CY2020Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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31000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
72000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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62000000 USD
CY2021Q2 us-gaap Gain Loss On Investments
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19000000 USD
CY2020Q2 us-gaap Gain Loss On Investments
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30000000 USD
us-gaap Gain Loss On Investments
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28000000 USD
us-gaap Gain Loss On Investments
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CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
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