2018 Q1 Form 10-Q Financial Statement

#000128369918000026 Filed on May 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $10.46B $9.613B
YoY Change 8.76% 10.95%
Cost Of Revenue $1.589B $1.408B
YoY Change 12.86% -0.91%
Gross Profit $8.866B $8.205B
YoY Change 8.06% 13.28%
Gross Profit Margin 84.8% 85.35%
Selling, General & Admin $3.164B $2.955B
YoY Change 7.07% 7.49%
% of Gross Profit 35.69% 36.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.575B $1.564B
YoY Change 0.7% 0.77%
% of Gross Profit 17.76% 19.06%
Operating Expenses $3.164B $2.955B
YoY Change 7.07% 7.49%
Operating Profit $1.282B $1.037B
YoY Change 23.63% -11.22%
Interest Expense $251.0M $339.0M
YoY Change -25.96% 0.0%
% of Operating Profit 19.58% 32.69%
Other Income/Expense, Net -$401.0M -$430.0M
YoY Change -6.74% 3.12%
Pretax Income $881.0M $607.0M
YoY Change 45.14% -19.17%
Income Tax $210.0M -$91.00M
% Of Pretax Income 23.84% -14.99%
Net Earnings $671.0M $698.0M
YoY Change -3.87% 45.72%
Net Earnings / Revenue 6.42% 7.26%
Basic Earnings Per Share $0.78 $0.83
Diluted Earnings Per Share $0.78 $0.80
COMMON SHARES
Basic Shares Outstanding 855.2M shares 827.7M shares
Diluted Shares Outstanding 862.2M shares 869.4M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.527B $7.501B
YoY Change -66.31% 14.14%
Cash & Equivalents $2.527B $7.501B
Short-Term Investments
Other Short-Term Assets $2.043B $1.406B
YoY Change 45.31% 11.32%
Inventory $1.311B $1.021B
Prepaid Expenses
Receivables $1.689B $1.851B
Other Receivables $2.294B $1.917B
Total Short-Term Assets $9.609B $15.90B
YoY Change -39.56% 19.15%
LONG-TERM ASSETS
Property, Plant & Equipment $22.31B $21.24B
YoY Change 5.05% 2.96%
Goodwill $1.901B $1.683B
YoY Change 12.95% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.062B $768.0M
YoY Change 38.28% 63.06%
Total Long-Term Assets $62.40B $52.15B
YoY Change 19.65% 4.89%
TOTAL ASSETS
Total Short-Term Assets $9.609B $15.90B
Total Long-Term Assets $62.40B $52.15B
Total Assets $72.00B $68.05B
YoY Change 5.81% 7.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.157B $6.160B
YoY Change 16.19% -17.1%
Accrued Expenses
YoY Change
Deferred Revenue $783.0M
YoY Change
Short-Term Debt $3.765B $7.542B
YoY Change -50.08% 1966.3%
Long-Term Debt Due $7.542B
YoY Change
Total Short-Term Liabilities $12.36B $15.29B
YoY Change -19.16% 63.14%
LONG-TERM LIABILITIES
Long-Term Debt $12.13B $13.11B
YoY Change -7.46% -36.09%
Other Long-Term Liabilities $933.0M $1.004B
YoY Change -7.07% -4.11%
Total Long-Term Liabilities $36.77B $33.80B
YoY Change 8.79% -7.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.36B $15.29B
Total Long-Term Liabilities $36.77B $33.80B
Total Liabilities $49.13B $49.09B
YoY Change 0.09% 6.8%
SHAREHOLDERS EQUITY
Retained Earnings -$15.86B -$19.91B
YoY Change -20.34% -7.78%
Common Stock $38.06B $38.88B
YoY Change -2.11% 0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.000M $4.000M
YoY Change 75.0% 300.0%
Treasury Stock Shares 1.511M shares 1.455M shares
Shareholders Equity $22.88B $18.96B
YoY Change
Total Liabilities & Shareholders Equity $72.00B $68.05B
YoY Change 5.81% 7.9%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $671.0M $698.0M
YoY Change -3.87% 45.72%
Depreciation, Depletion And Amortization $1.575B $1.564B
YoY Change 0.7% 0.77%
Cash From Operating Activities $770.0M $608.0M
YoY Change 26.64% -40.68%
INVESTING ACTIVITIES
Capital Expenditures $1.366B $1.528B
YoY Change -10.6% 14.46%
Acquisitions $333.0M $0.00
YoY Change
Other Investing Activities $7.000M $8.000M
YoY Change -12.5% 33.33%
Cash From Investing Activities -$462.0M -$416.0M
YoY Change 11.06% -77.63%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $14.00M
YoY Change -100.0% 0.0%
Common Stock Issuance & Retirement, Net $666.0M $0.00
YoY Change
Debt Paid & Issued, Net $999.0M $3.480B
YoY Change -71.29% 69500.0%
Cash From Financing Activities $1.000B $1.809B
YoY Change -44.72% -1909.0%
NET CHANGE
Cash From Operating Activities $770.0M $608.0M
Cash From Investing Activities -$462.0M -$416.0M
Cash From Financing Activities $1.000B $1.809B
Net Change In Cash $1.308B $2.001B
YoY Change -34.63% -314.01%
FREE CASH FLOW
Cash From Operating Activities $770.0M $608.0M
Capital Expenditures $1.366B $1.528B
Free Cash Flow -$596.0M -$920.0M
YoY Change -35.22% 196.77%

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0 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2018Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2017Q4 us-gaap Long Term Debt
LongTermDebt
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CY2018Q1 us-gaap Long Term Debt
LongTermDebt
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CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12121000000 USD
CY2018Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12127000000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1809000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1000000000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
608000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
770000000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
698000000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
671000000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
684000000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
671000000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
698000000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
671000000 USD
CY2017Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
288000000 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
237000000 USD
CY2017Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
243000000 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
304000000 USD
CY2017Q1 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
197000000 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
82000000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-430000000 USD
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-401000000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
2290000000 USD
CY2018Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
2281000000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1274000000 USD
CY2018Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1234000000 USD
CY2017Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
0 USD
CY2018Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
445000000 USD
CY2017Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3960000000 USD
CY2018Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
3896000000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
3564000000 USD
CY2018Q1 us-gaap Notes Receivable Net
NotesReceivableNet
3515000000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1037000000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1282000000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1903000000 USD
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1788000000 USD
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
2043000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
912000000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1157000000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1062000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-1000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3000000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
414000000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
353000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
935000000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
933000000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000000 USD
CY2017Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
12000000 USD
CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
24000000 USD
CY2017Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
241000000 USD
CY2018Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
296000000 USD
CY2017Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8000000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
7000000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
666000000 USD
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
14000000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
92000000 USD
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
74000000 USD
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
333000000 USD
CY2017Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
14000000 USD
CY2018Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
51000000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1528000000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1366000000 USD
CY2017Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
14000000 USD
CY2018Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2017Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
1134000000 USD
CY2018Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
1295000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
4664000000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5495000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2494000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
2494000000 USD
CY2018Q1 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
246000000 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-10000000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-28000000 USD
CY2018Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
219000000 USD
CY2017Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2018Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2170000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22196000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22308000000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
93000000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
54000000 USD
CY2017Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
93000000 USD
CY2018Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
54000000 USD
CY2017Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
264000000 USD
CY2018Q1 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
267000000 USD
CY2017Q4 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
3696000000 USD
CY2018Q1 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
3629000000 USD
CY2018Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
1725000000 USD
CY2017Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2018Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1725000000 USD
CY2017Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
90000000 USD
CY2018Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
172000000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3480000000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
999000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-16074000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15179000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15861000000 USD
CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
879000000 USD
CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1100000000 USD
CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
901000000 USD
CY2017Q1 us-gaap Revenues
Revenues
9613000000 USD
CY2018Q1 us-gaap Revenues
Revenues
10455000000 USD
CY2017Q4 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
2590000000 USD
CY2018Q1 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
2582000000 USD
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2043000000 USD
CY2018Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2353000000 USD
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7329000000 USD
CY2018Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7806000000 USD
CY2017Q1 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-95000000 USD
CY2018Q1 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale
-52000000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2955000000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3164000000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
67000000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
97000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
22559000000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
22876000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1455347 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1510742 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4000000 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
7000000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
869395984 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
862244084 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
827723034 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
855222664 shares
CY2018Q1 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 style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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