2018 Q2 Form 10-Q Financial Statement

#000156459018021049 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $895.8M $411.0M
YoY Change 117.97% 10.16%
Cost Of Revenue $603.5M $223.7M
YoY Change 169.78% 6.28%
Gross Profit $292.3M $187.3M
YoY Change 56.06% 15.19%
Gross Profit Margin 32.63% 45.57%
Selling, General & Admin $162.3M $58.30M
YoY Change 178.39% 4.6%
% of Gross Profit 55.53% 31.13%
Research & Development $89.60M $39.08M
YoY Change 129.28% -4.28%
% of Gross Profit 30.65% 20.86%
Depreciation & Amortization $28.50M $58.60M
YoY Change -51.37% 0.86%
% of Gross Profit 9.75% 31.29%
Operating Expenses $343.0M $97.40M
YoY Change 252.16% 0.87%
Operating Profit -$50.70M $89.90M
YoY Change -156.4% 36.14%
Interest Expense -$70.20M -$26.30M
YoY Change 166.92% -19.82%
% of Operating Profit -29.25%
Other Income/Expense, Net $600.0K -$1.200M
YoY Change -150.0% -10100.0%
Pretax Income -$163.6M $62.49M
YoY Change -361.79% 88.21%
Income Tax -$99.90M $11.34M
% Of Pretax Income 18.15%
Net Earnings -$63.70M $51.10M
YoY Change -224.66% 81.07%
Net Earnings / Revenue -7.11% 12.43%
Basic Earnings Per Share -$0.27 $0.25
Diluted Earnings Per Share -$0.27 $0.24
COMMON SHARES
Basic Shares Outstanding 236.9M 204.6M
Diluted Shares Outstanding 236.9M 211.3M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $785.0M $90.00M
YoY Change 772.22% -5.26%
Cash & Equivalents $785.1M $90.40M
Short-Term Investments
Other Short-Term Assets $187.0M $53.00M
YoY Change 252.83% -29.33%
Inventory
Prepaid Expenses
Receivables $607.0M $236.0M
Other Receivables $769.0M $0.00
Total Short-Term Assets $2.348B $379.0M
YoY Change 519.53% -7.42%
LONG-TERM ASSETS
Property, Plant & Equipment $581.7M $101.0M
YoY Change 475.94% 45.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $262.5M
YoY Change
Other Assets $2.000M $2.000M
YoY Change 0.0% 0.0%
Total Long-Term Assets $11.33B $5.239B
YoY Change 116.19% -0.77%
TOTAL ASSETS
Total Short-Term Assets $2.348B $379.0M
Total Long-Term Assets $11.33B $5.239B
Total Assets $13.67B $5.618B
YoY Change 143.4% -1.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.00M $33.00M
YoY Change 18.18% 64.73%
Accrued Expenses $421.0M $120.0M
YoY Change 250.83% -3.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $73.00M $37.00M
YoY Change 97.3% 19.83%
Total Short-Term Liabilities $1.539B $424.0M
YoY Change 262.97% 2.44%
LONG-TERM LIABILITIES
Long-Term Debt $6.837B $2.262B
YoY Change 202.25% -11.98%
Other Long-Term Liabilities $238.0M $82.00M
YoY Change 190.24% 32.44%
Total Long-Term Liabilities $7.075B $2.344B
YoY Change 201.83% -10.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.539B $424.0M
Total Long-Term Liabilities $7.075B $2.344B
Total Liabilities $9.470B $3.200B
YoY Change 195.94% -9.2%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.204B $2.418B
YoY Change
Total Liabilities & Shareholders Equity $13.67B $5.618B
YoY Change 143.4% -1.25%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$63.70M $51.10M
YoY Change -224.66% 81.07%
Depreciation, Depletion And Amortization $28.50M $58.60M
YoY Change -51.37% 0.86%
Cash From Operating Activities $49.80M $137.3M
YoY Change -63.73% 13.75%
INVESTING ACTIVITIES
Capital Expenditures -$27.80M -$15.70M
YoY Change 77.07% 31.93%
Acquisitions
YoY Change
Other Investing Activities -$4.610B $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.638B -$15.70M
YoY Change 29438.22% 21.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.400B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.018B -141.6M
YoY Change -4350.14% 24.1%
NET CHANGE
Cash From Operating Activities 49.80M 137.3M
Cash From Investing Activities -4.638B -15.70M
Cash From Financing Activities 6.018B -141.6M
Net Change In Cash 1.431B -20.00M
YoY Change -7252.5% 217.46%
FREE CASH FLOW
Cash From Operating Activities $49.80M $137.3M
Capital Expenditures -$27.80M -$15.70M
Free Cash Flow $77.60M $153.0M
YoY Change -49.28% 15.38%

Facts In Submission

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WeightedAverageBasicSharesOutstandingProForma
236900000
CY2017Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
204600000
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
222000000
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
204000000
CY2018Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
248200000
CY2017Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
211300000
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
232900000

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