2018 Q3 Form 10-Q Financial Statement

#000155227518000052 Filed on November 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3 2017 Q2
Revenue $4.761B $3.064B $2.892B
YoY Change 55.39% 16.99% 12.84%
Cost Of Revenue $4.428B $2.304B $2.235B
YoY Change 92.19% 16.66% 17.88%
Gross Profit $333.0M $316.0M $259.0M
YoY Change 5.38% 12.06% -15.91%
Gross Profit Margin 6.99% 10.31% 8.96%
Selling, General & Admin $54.00M $50.00M $58.00M
YoY Change 8.0% -12.28% 20.83%
% of Gross Profit 16.22% 15.82% 22.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.00M $34.00M $36.00M
YoY Change 23.53% 9.68% -249.38%
% of Gross Profit 12.61% 10.76% 13.9%
Operating Expenses $174.0M $112.0M $134.0M
YoY Change 55.36% -18.84% 8.94%
Operating Profit $159.0M $128.0M -$20.00M
YoY Change 24.22% 68.42% -116.67%
Interest Expense $35.00M $64.00M $58.00M
YoY Change -45.31% 36.17% 31.82%
% of Operating Profit 22.01% 50.0%
Other Income/Expense, Net
YoY Change
Pretax Income $124.0M $88.00M -$23.00M
YoY Change 40.91% 1157.14% -138.33%
Income Tax $10.00M $44.00M $45.00M
% Of Pretax Income 8.06% 50.0%
Net Earnings $112.0M $138.0M -$222.0M
YoY Change -18.84% 206.67% -408.33%
Net Earnings / Revenue 2.35% 4.5% -7.68%
Basic Earnings Per Share
Diluted Earnings Per Share $1.348M $1.379M -$2.222M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.00M $86.00M $97.00M
YoY Change -82.56% 6.7% 44.78%
Cash & Equivalents $15.00M $86.00M $92.00M
Short-Term Investments
Other Short-Term Assets $80.00M $79.00M $91.00M
YoY Change 1.27% -19.07% 57.84%
Inventory $469.0M $359.0M $356.0M
Prepaid Expenses
Receivables $627.0M $451.0M $398.0M
Other Receivables $176.0M $195.0M $158.0M
Total Short-Term Assets $1.331B $5.262B $5.284B
YoY Change -74.71% 395.83% 412.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.494B $1.191B $1.155B
YoY Change 25.44% -64.16% -64.22%
Goodwill $1.534B $1.031B $1.032B
YoY Change 48.79% -68.14% -67.28%
Intangibles $655.0M $777.0M $786.0M
YoY Change -15.7% -39.8% -38.46%
Long-Term Investments
YoY Change
Other Assets $134.0M $46.00M $54.00M
YoY Change 191.3% -46.43% -24.69%
Total Long-Term Assets $3.817B $3.045B $3.027B
YoY Change 25.35% -61.63% -60.85%
TOTAL ASSETS
Total Short-Term Assets $1.331B $5.262B $5.284B
Total Long-Term Assets $3.817B $3.045B $3.027B
Total Assets $5.148B $8.307B $8.311B
YoY Change -38.03% -7.67% -5.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $551.0M $583.0M $461.0M
YoY Change -5.49% 32.52% 3.43%
Accrued Expenses $370.0M $359.0M $352.0M
YoY Change 3.06% 11.72% 16.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $6.000M $5.000M
YoY Change -16.67% 20.0% -12.28%
Total Short-Term Liabilities $1.086B $1.309B $1.141B
YoY Change -17.04% 52.09% 30.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.774B $4.182B $4.362B
YoY Change -33.67% -6.51% 4.12%
Other Long-Term Liabilities $140.0M $99.00M $106.0M
YoY Change 41.41% -38.38% -37.19%
Total Long-Term Liabilities $140.0M $99.00M $106.0M
YoY Change 41.41% -38.38% -37.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.086B $1.309B $1.141B
Total Long-Term Liabilities $140.0M $99.00M $106.0M
Total Liabilities $4.203B $6.172B $6.210B
YoY Change -31.9% -0.29% 5.23%
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 $945.0M $2.135B $2.101B
YoY Change
Total Liabilities & Shareholders Equity $5.148B $8.307B $8.311B
YoY Change -38.03% -7.67% -5.14%

Cashflow Statement

Concept 2018 Q3 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $112.0M $138.0M -$222.0M
YoY Change -18.84% 206.67% -408.33%
Depreciation, Depletion And Amortization $42.00M $34.00M $36.00M
YoY Change 23.53% 9.68% -249.38%
Cash From Operating Activities $18.00M $317.0M $42.00M
YoY Change -94.32% 120.14% -8.1%
INVESTING ACTIVITIES
Capital Expenditures $30.00M $41.00M $33.00M
YoY Change -26.83% -63.06% -60.71%
Acquisitions
YoY Change
Other Investing Activities -$67.00M $9.000M -$22.00M
YoY Change -844.44% -103.53% -91.89%
Cash From Investing Activities -$97.00M -$37.00M -$43.00M
YoY Change 162.16% -87.06% -79.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 75.00M -289.0M 45.00M
YoY Change -125.95% -303.52% -75.27%
NET CHANGE
Cash From Operating Activities 18.00M 317.0M 42.00M
Cash From Investing Activities -97.00M -37.00M -43.00M
Cash From Financing Activities 75.00M -289.0M 45.00M
Net Change In Cash -4.000M -9.000M 44.00M
YoY Change -55.56% 191.39%
FREE CASH FLOW
Cash From Operating Activities $18.00M $317.0M $42.00M
Capital Expenditures $30.00M $41.00M $33.00M
Free Cash Flow -$12.00M $276.0M $9.000M
YoY Change -104.35% 736.36% -123.5%

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CY2017Q4 us-gaap Liabilities Subject To Compromise Environmental Contingencies
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us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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19000000 USD
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CY2017Q4 us-gaap Other Sundry Liabilities Noncurrent
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us-gaap Partners Capital Account Unit Based Compensation
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CY2018Q1 us-gaap Payments For Repurchase Of Equity
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540000000 USD
us-gaap Payments For Repurchase Of Equity
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540000000 USD
CY2017Q3 us-gaap Payments To Acquire Property Plant And Equipment
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139000000 USD
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30000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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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
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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CY2017Q3 us-gaap Straight Line Rent
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