2017 Q1 Form 10-Q Financial Statement

#000155227517000023 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $2.808B $1.980B
YoY Change 41.82% -21.89%
Cost Of Revenue $3.891B $2.704B
YoY Change 43.9% -30.69%
Gross Profit $256.0M $270.0M
YoY Change -5.19% 86.21%
Gross Profit Margin 9.12% 13.64%
Selling, General & Admin $52.00M $59.00M
YoY Change -11.86% 67.14%
% of Gross Profit 20.31% 21.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.00M $78.10M
YoY Change -30.86% 17.09%
% of Gross Profit 21.09% 28.93%
Operating Expenses $455.0M $419.0M
YoY Change 8.59% 11.51%
Operating Profit $56.00M $89.00M
YoY Change -37.08% 134.21%
Interest Expense $64.00M $28.00M
YoY Change 128.57% 251.01%
% of Operating Profit 114.29% 31.46%
Other Income/Expense, Net
YoY Change
Pretax Income -$16.00M $64.00M
YoY Change -125.0% 11.56%
Income Tax -$14.00M $2.000M
% Of Pretax Income 3.13%
Net Earnings $1.000M $62.00M
YoY Change -98.39% 264.71%
Net Earnings / Revenue 0.04% 3.13%
Basic Earnings Per Share
Diluted Earnings Per Share $10.14K $663.8K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.00M $77.00M
YoY Change -3.9% 50.98%
Cash & Equivalents $57.00M $77.00M
Short-Term Investments $0.00
Other Short-Term Assets $162.0M $457.1M
YoY Change -64.56% 4950.27%
Inventory $512.0M $344.5M
Prepaid Expenses
Receivables $442.0M $170.8M
Other Receivables $203.0M $148.3M
Total Short-Term Assets $1.203B $1.197B
YoY Change 0.48% 464.98%
LONG-TERM ASSETS
Property, Plant & Equipment $3.299B $3.162B
YoY Change 4.33% 240.82%
Goodwill $2.612B
YoY Change
Intangibles $1.292B
YoY Change
Long-Term Investments
YoY Change
Other Assets $48.00M $62.70M
YoY Change -23.44% 289.71%
Total Long-Term Assets $7.251B $7.605B
YoY Change -4.66% -11.87%
TOTAL ASSETS
Total Short-Term Assets $1.203B $1.197B
Total Long-Term Assets $7.251B $7.605B
Total Assets $8.454B $8.803B
YoY Change -3.96% -0.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $438.0M $404.8M
YoY Change 8.2% 278.61%
Accrued Expenses $371.0M $242.2M
YoY Change 53.18% 638.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $4.800M
YoY Change 4.17% -65.09%
Total Short-Term Liabilities $926.0M $671.2M
YoY Change 37.96% 297.63%
LONG-TERM LIABILITIES
Long-Term Debt $4.295B $4.193B
YoY Change 2.44% 389.72%
Other Long-Term Liabilities $178.0M $170.8M
YoY Change 4.22% 245.78%
Total Long-Term Liabilities $178.0M $4.364B
YoY Change -95.92% 381.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $926.0M $671.2M
Total Long-Term Liabilities $178.0M $4.364B
Total Liabilities $6.025B $5.719B
YoY Change 5.35% 432.31%
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 $2.429B $3.084B
YoY Change
Total Liabilities & Shareholders Equity $8.454B $8.803B
YoY Change -3.96% 298.23%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $1.000M $62.00M
YoY Change -98.39% 264.71%
Depreciation, Depletion And Amortization $54.00M $78.10M
YoY Change -30.86% 17.09%
Cash From Operating Activities $108.0M $162.0M
YoY Change -33.33% 537.9%
INVESTING ACTIVITIES
Capital Expenditures $66.00M $96.00M
YoY Change -31.25% -4.98%
Acquisitions $2.200B
YoY Change
Other Investing Activities -$40.00M -$2.198B
YoY Change -98.18% -20080.0%
Cash From Investing Activities -$78.00M -$2.308B
YoY Change -96.62% 1869.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.000M $1.000M
YoY Change 0.0% -49.57%
Cash From Financing Activities -$75.00M $2.150B
YoY Change -103.49% 3052.4%
NET CHANGE
Cash From Operating Activities $108.0M $162.0M
Cash From Investing Activities -$78.00M -$2.308B
Cash From Financing Activities -$75.00M $2.150B
Net Change In Cash -$45.00M $4.000M
YoY Change -1225.0% -116.95%
FREE CASH FLOW
Cash From Operating Activities $108.0M $162.0M
Capital Expenditures $66.00M $96.00M
Free Cash Flow $42.00M $66.00M
YoY Change -36.36% -187.26%

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CY2016Q1 us-gaap Inventory Write Down
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CY2017Q1 us-gaap Inventory Write Down
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CY2016Q1 us-gaap Lease And Rental Expense
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CY2017Q1 us-gaap Lease And Rental Expense
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CY2016Q4 us-gaap Liabilities
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CY2017Q1 us-gaap Liabilities
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CY2016Q4 us-gaap Liabilities And Stockholders Equity
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CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2017Q1 us-gaap Long Term Line Of Credit
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CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017Q1 us-gaap Number Of Operating Segments
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CY2017Q1 us-gaap Operating Expenses
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CY2016Q1 us-gaap Operating Income Loss
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CY2017Q1 us-gaap Operating Income Loss
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CY2016Q1 us-gaap Operating Leases Income Statement Lease Revenue
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CY2016Q1 us-gaap Operating Leases Rent Expense Sublease Rentals1
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CY2017Q1 us-gaap Operating Leases Rent Expense Sublease Rentals1
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CY2016Q4 us-gaap Other Accrued Liabilities Current
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CY2017Q1 us-gaap Other Accrued Liabilities Current
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CY2016Q4 us-gaap Other Assets Current
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CY2017Q1 us-gaap Other Assets Current
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CY2016Q4 us-gaap Other Assets Noncurrent
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CY2017Q1 us-gaap Other Assets Noncurrent
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CY2017Q1 us-gaap Other Cost And Expense Operating
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CY2017Q1 us-gaap Other Inventory Net Of Reserves
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CY2017Q1 us-gaap Other Operating Income
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CY2016Q4 us-gaap Other Sundry Liabilities Noncurrent
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CY2017Q1 us-gaap Other Sundry Liabilities Noncurrent
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CY2017Q1 us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
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CY2016Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Partners Capital Other
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CY2016Q1 us-gaap Payments Of Debt Issuance Costs
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CY2017Q1 us-gaap Payments Of Debt Issuance Costs
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CY2016Q1 us-gaap Payments Of Distributions To Affiliates
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50000000 USD
CY2017Q1 us-gaap Payments Of Distributions To Affiliates
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CY2016Q1 us-gaap Payments To Acquire Intangible Assets
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14000000 USD
CY2017Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13000000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
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96000000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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66000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
33000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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2035000000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2016Q1 us-gaap Proceeds From Lines Of Credit
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672000000 USD
CY2017Q1 us-gaap Proceeds From Lines Of Credit
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618000000 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
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7000000 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2016Q1 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2017Q1 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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2000000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1000000 USD
CY2016Q1 us-gaap Profit Loss
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62000000 USD
CY2017Q1 us-gaap Profit Loss
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CY2016Q4 us-gaap Property Plant And Equipment Gross
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CY2017Q1 us-gaap Property Plant And Equipment Gross
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CY2016Q4 us-gaap Property Plant And Equipment Net
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CY2017Q1 us-gaap Property Plant And Equipment Net
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CY2016Q1 us-gaap Repayments Of Lines Of Credit
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447000000 USD
CY2017Q1 us-gaap Repayments Of Lines Of Credit
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857000000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
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1000000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
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1000000 USD
CY2016Q4 us-gaap Retail Related Inventory Merchandise
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CY2016Q1 us-gaap Revenues
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SaleLeasebackTransactionAmountDueUnderFinancingArrangement
116000000 USD
CY2017Q1 us-gaap Sale Leaseback Transaction Imputed Interest Rate
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0.05125
CY2016Q1 us-gaap Sales Revenue Goods Net
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CY2017Q1 us-gaap Sales Revenue Goods Net
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540000000 USD
CY2016Q1 us-gaap Share Based Compensation
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3000000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
39.77
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
36.67
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
26.95
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
26.27
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
41.19
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
34.43
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
34.22
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
36.98
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
47.96
CY2016Q1 us-gaap Straight Line Rent
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0 USD
CY2017Q1 us-gaap Straight Line Rent
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0 USD
CY2016Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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-3000000 USD
CY2017Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-5000000 USD

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