2017 Q2 Form 10-Q Financial Statement

#000128369917000032 Filed on July 20, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4 2016 Q2
Revenue $10.21B $10.23B $9.287B
YoY Change 9.97% 22.84% 12.0%
Cost Of Revenue $1.518B $4.732B $1.429B
YoY Change 6.23% 39.05% 2.29%
Gross Profit $8.695B $5.502B $7.858B
YoY Change 10.65% 13.58% 13.97%
Gross Profit Margin 85.14% 53.76% 84.61%
Selling, General & Admin $2.915B $2.953B $2.772B
YoY Change 5.16% 6.38% 13.7%
% of Gross Profit 33.53% 53.67% 35.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.519B $1.548B $1.575B
YoY Change -3.56% 13.08% 46.51%
% of Gross Profit 17.47% 28.14% 20.04%
Operating Expenses $2.915B $4.501B $2.772B
YoY Change 5.16% 8.59% 13.7%
Operating Profit $1.416B $1.001B $833.0M
YoY Change 69.99% 8.57% 17.32%
Interest Expense $265.0M -$395.0M $368.0M
YoY Change -27.99% 11.58% 43.19%
% of Operating Profit 18.71% -39.46% 44.18%
Other Income/Expense, Net -$482.0M $0.00 -$461.0M
YoY Change 4.56% -100.0% 97.01%
Pretax Income $934.0M $606.0M $372.0M
YoY Change 151.08% 25.99% 2.48%
Income Tax $353.0M $216.0M $147.0M
% Of Pretax Income 37.79% 35.64% 39.52%
Net Earnings $581.0M $390.0M $225.0M
YoY Change 158.22% 31.31% -37.67%
Net Earnings / Revenue 5.69% 3.81% 2.42%
Basic Earnings Per Share $0.68 $0.46 $0.26
Diluted Earnings Per Share $0.67 $0.45 $0.25
COMMON SHARES
Basic Shares Outstanding 831.0M shares 825.0M shares 822.4M shares
Diluted Shares Outstanding 870.5M shares 867.3M shares 829.8M shares

Balance Sheet

Concept 2017 Q2 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.0M $5.500B $5.538B
YoY Change -96.73% -27.44% 109.61%
Cash & Equivalents $181.0M $5.500B $5.538B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $1.580B $1.537B $1.415B
YoY Change 11.66% -15.22% 38.86%
Inventory $1.208B $1.111B $1.388B
Prepaid Expenses
Receivables $1.719B $1.896B $1.866B
Other Receivables $2.092B $1.970B $1.870B
Total Short-Term Assets $6.780B $14.22B $14.28B
YoY Change -52.52% -4.52% 22.5%
LONG-TERM ASSETS
Property, Plant & Equipment $21.42B $20.94B $20.57B
YoY Change 4.15% 4.72% 21.64%
Goodwill $1.683B $1.683B $1.683B
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $815.0M $674.0M $582.0M
YoY Change 40.03% 51.8% 81.88%
Total Long-Term Assets $60.38B $51.67B $49.69B
YoY Change 21.52% 8.73% 9.13%
TOTAL ASSETS
Total Short-Term Assets $6.780B $14.22B $14.28B
Total Long-Term Assets $60.38B $51.67B $49.69B
Total Assets $67.16B $65.89B $63.97B
YoY Change 4.99% 5.57% 11.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.225B $7.152B $6.985B
YoY Change -10.88% -11.53% 5.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.202B $354.0M $258.0M
YoY Change 365.89% 94.51% -33.16%
Long-Term Debt Due $522.0M $354.0M
YoY Change
Total Short-Term Liabilities $8.828B $9.022B $8.752B
YoY Change 0.87% -5.31% 5.91%
LONG-TERM LIABILITIES
Long-Term Debt $13.21B $21.83B $21.57B
YoY Change -38.79% 6.7% 31.66%
Other Long-Term Liabilities $971.0M $1.026B $1.038B
YoY Change -6.45% -3.84% 61.68%
Total Long-Term Liabilities $38.72B $38.63B $37.82B
YoY Change 2.37% 6.34% 15.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.828B $9.022B $8.752B
Total Long-Term Liabilities $38.72B $38.63B $37.82B
Total Liabilities $47.55B $47.66B $46.57B
YoY Change 2.09% 3.92% 13.22%
SHAREHOLDERS EQUITY
Retained Earnings -$19.33B -$20.61B -$21.37B
YoY Change -9.52% -6.78% -5.22%
Common Stock $38.95B $38.85B $38.76B
YoY Change 0.47% 0.47% 0.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.000M $1.000M $1.000M
YoY Change 300.0%
Treasury Stock Shares 1.455M shares 1.411M shares 1.412M shares
Shareholders Equity $19.61B $18.24B $17.40B
YoY Change
Total Liabilities & Shareholders Equity $67.16B $65.89B $63.97B
YoY Change 4.99% 5.57% 11.86%

Cashflow Statement

Concept 2017 Q2 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income $581.0M $390.0M $225.0M
YoY Change 158.22% 31.31% -37.67%
Depreciation, Depletion And Amortization $1.519B $1.548B $1.575B
YoY Change -3.56% 13.08% 46.51%
Cash From Operating Activities $1.106B -$1.754B $1.768B
YoY Change -37.44% -178.55% 52.28%
INVESTING ACTIVITIES
Capital Expenditures $1.347B -$1.283B $1.349B
YoY Change -0.15% -10.15% 13.27%
Acquisitions $0.00
YoY Change
Other Investing Activities -$5.000M $3.345B -$4.000M
YoY Change 25.0% -215.58% 100.0%
Cash From Investing Activities -$6.251B $2.062B -$667.0M
YoY Change 837.18% -147.71% -50.11%
FINANCING ACTIVITIES
Cash Dividend Paid $14.00M $14.00M
YoY Change 0.0% 0.0%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $6.750B $5.000M
YoY Change 134900.0%
Cash From Financing Activities -$2.175B -160.0M $790.0M
YoY Change -375.32% -103.96% -469.16%
NET CHANGE
Cash From Operating Activities $1.106B -1.754B $1.768B
Cash From Investing Activities -$6.251B 2.062B -$667.0M
Cash From Financing Activities -$2.175B -160.0M $790.0M
Net Change In Cash -$7.320B 148.0M $1.891B
YoY Change -487.1% -92.41% -584.87%
FREE CASH FLOW
Cash From Operating Activities $1.106B -$1.754B $1.768B
Capital Expenditures $1.347B -$1.283B $1.349B
Free Cash Flow -$241.0M -$471.0M $419.0M
YoY Change -157.52% -112.87% -1496.67%

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CY2017Q2 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2016Q2 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2017Q2 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1855000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1855000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20943000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21423000000 USD
CY2016Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
119000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
240000000 USD
CY2017Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
82000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
175000000 USD
CY2016Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
195000000 USD
CY2017Q2 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
231000000 USD
CY2016Q4 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
3035000000 USD
CY2017Q2 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
3265000000 USD
CY2016Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2017Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1175000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1175000000 USD
CY2016Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
43000000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
79000000 USD
CY2017Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
119000000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
209000000 USD
CY2016Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 USD
CY2017Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6750000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10230000000 USD
us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
292000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
379000000 USD
CY2016Q2 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
150000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
150000000 USD
CY2017Q2 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
292000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
292000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-20610000000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19331000000 USD
CY2016Q2 us-gaap Revenues
Revenues
9287000000 USD
us-gaap Revenues
Revenues
17951000000 USD
CY2017Q2 us-gaap Revenues
Revenues
10213000000 USD
us-gaap Revenues
Revenues
19826000000 USD
CY2016Q4 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
2621000000 USD
CY2017Q2 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
2606000000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2188000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4039000000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2506000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4549000000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
6888000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
13466000000 USD
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7445000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
14774000000 USD
CY2016Q2 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-46000000 USD
us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-98000000 USD
CY2017Q2 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-80000000 USD
us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-175000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2772000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5521000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2915000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5870000000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
60000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
112000000 USD
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
72000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
139000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
18236000000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
19614000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1411487 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1454867 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1000000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
4000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
6493000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Next Rolling Twelve Months
UnrecordedUnconditionalPurchaseObligationDueInNextRollingTwelveMonths
2133000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Rolling After Year Five
UnrecordedUnconditionalPurchaseObligationDueInRollingAfterYearFive
837000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Rolling Year Five
UnrecordedUnconditionalPurchaseObligationDueInRollingYearFive
648000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Rolling Year Four
UnrecordedUnconditionalPurchaseObligationDueInRollingYearFour
721000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Rolling Year Three
UnrecordedUnconditionalPurchaseObligationDueInRollingYearThree
988000000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Rolling Year Two
UnrecordedUnconditionalPurchaseObligationDueInRollingYearTwo
1166000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
829752956 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
829662053 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
870456447 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
870853652 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
822434490 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
820933126 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
830971528 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
829356255 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimates are based on historical experience, where applicable, and other assumptions which our management believes are reasonable under the circumstances. These estimates are inherently subject to judgment and actual results could differ from those estimates.</font></div></div>

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