2021 Q1 Form 10-Q Financial Statement

#000010051721000026 Filed on April 22, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $3.221B $7.979B
YoY Change -59.63% -16.79%
Cost Of Revenue $2.173B $3.570B
YoY Change -39.13% -5.76%
Gross Profit $1.048B $4.409B
YoY Change -76.23% -24.0%
Gross Profit Margin 32.54% 55.26%
Selling, General & Admin $2.309B $3.250B
YoY Change -28.95% 0.53%
% of Gross Profit 220.32% 73.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $623.0M $615.0M
YoY Change 1.3% 12.43%
% of Gross Profit 59.45% 13.95%
Operating Expenses $3.806B $5.318B
YoY Change -28.43% 0.57%
Operating Profit -$1.381B -$972.0M
YoY Change 42.08% -296.36%
Interest Expense -$351.0M -$443.0M
YoY Change -20.77% -335.64%
% of Operating Profit
Other Income/Expense, Net -$370.0M -$1.142B
YoY Change -67.6% 792.19%
Pretax Income -$1.751B -$2.114B
YoY Change -17.17% -676.02%
Income Tax -$394.0M -$410.0M
% Of Pretax Income
Net Earnings -$1.357B -$1.704B
YoY Change -20.36% -683.56%
Net Earnings / Revenue -42.13% -21.36%
Basic Earnings Per Share -$4.29 -$6.86
Diluted Earnings Per Share -$4.29 -$6.843M
COMMON SHARES
Basic Shares Outstanding 316.6M shares 248.5M shares
Diluted Shares Outstanding 316.6M shares 248.5M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.98B $5.221B
YoY Change 148.52% 28.37%
Cash & Equivalents $12.67B $3.442B
Short-Term Investments $309.0M $1.779B
Other Short-Term Assets $737.0M $822.0M
YoY Change -10.34% 5.38%
Inventory $918.0M $1.070B
Prepaid Expenses
Receivables $1.389B $792.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $16.02B $7.905B
YoY Change 102.64% 3.9%
LONG-TERM ASSETS
Property, Plant & Equipment $36.43B $36.66B
YoY Change -0.64% 28.26%
Goodwill $4.527B $4.523B
YoY Change 0.09% 0.0%
Intangibles $2.840B $2.945B
YoY Change -3.57% -6.33%
Long-Term Investments $1.107B $763.0M
YoY Change 45.09% -30.51%
Other Assets $9.212B $8.486B
YoY Change 8.56% -9.53%
Total Long-Term Assets $45.64B $45.15B
YoY Change 1.09% 4.92%
TOTAL ASSETS
Total Short-Term Assets $16.02B $7.905B
Total Long-Term Assets $45.64B $45.15B
Total Assets $61.66B $53.06B
YoY Change 16.22% 4.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.838B $2.436B
YoY Change -24.55% -10.01%
Accrued Expenses $2.890B $2.335B
YoY Change 23.77% 1.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.783B $4.055B
YoY Change -56.03% 237.64%
Total Short-Term Liabilities $14.17B $16.09B
YoY Change -11.94% 4.9%
LONG-TERM LIABILITIES
Long-Term Debt $25.85B $13.20B
YoY Change 95.86% 3.64%
Other Long-Term Liabilities $1.298B $1.179B
YoY Change 10.09% -84.04%
Total Long-Term Liabilities $27.15B $14.38B
YoY Change 88.82% -28.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.17B $16.09B
Total Long-Term Liabilities $27.15B $14.38B
Total Liabilities $41.31B $30.46B
YoY Change 35.62% -14.08%
SHAREHOLDERS EQUITY
Retained Earnings $1.239B $7.991B
YoY Change -84.5% 14.17%
Common Stock $8.927B $6.099B
YoY Change 46.37% 0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.834B $3.901B
YoY Change -1.72% 56.86%
Treasury Stock Shares
Shareholders Equity $5.206B $9.418B
YoY Change
Total Liabilities & Shareholders Equity $61.66B $53.06B
YoY Change 16.22% 4.77%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$1.357B -$1.704B
YoY Change -20.36% -683.56%
Depreciation, Depletion And Amortization $623.0M $615.0M
YoY Change 1.3% 12.43%
Cash From Operating Activities $447.0M $63.00M
YoY Change 609.52% -96.71%
INVESTING ACTIVITIES
Capital Expenditures -$444.0M -$1.959B
YoY Change -77.34% 21.75%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$1.000M
YoY Change -200.0% -106.67%
Cash From Investing Activities -$329.0M -$1.572B
YoY Change -79.07% -0.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$500.0M $353.0M
YoY Change -241.64% -31.19%
Debt Paid & Issued, Net $569.0M $253.0M
YoY Change 124.9% 1.2%
Cash From Financing Activities $1.278B $2.189B
YoY Change -41.62% -1296.17%
NET CHANGE
Cash From Operating Activities $447.0M $63.00M
Cash From Investing Activities -$329.0M -$1.572B
Cash From Financing Activities $1.278B $2.189B
Net Change In Cash $1.396B $680.0M
YoY Change 105.29% 347.37%
FREE CASH FLOW
Cash From Operating Activities $447.0M $63.00M
Capital Expenditures -$444.0M -$1.959B
Free Cash Flow $891.0M $2.022B
YoY Change -55.93% -42.62%

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CY2020Q4 us-gaap Aoci Tax Attributable To Parent
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39000000 USD
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CY2021Q1 us-gaap Reclassification From Aoci Current Period Tax
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CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2021Q1 us-gaap Aoci Tax Attributable To Parent
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43000000 USD
CY2019Q4 us-gaap Aoci Tax Attributable To Parent
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CY2020Q1 us-gaap Reclassification From Aoci Current Period Tax
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CY2020Q1 us-gaap Aoci Tax Attributable To Parent
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CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.225
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2020Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021Q1 ual Determination Period Average Closing Price
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CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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CY2020Q1 us-gaap Allocated Share Based Compensation Expense
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CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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88000000 USD
CY2021Q1 ual Number Of Aircraft Received
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CY2021Q1 ual Debt Instrument Remaining Terms
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P12Y
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
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533000000 USD
CY2021Q1 us-gaap Unusual Or Infrequent Item Gain Gross
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1810000000 USD
CY2020Q1 us-gaap Unusual Or Infrequent Item Gain Gross
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417000000 USD
CY2021Q1 us-gaap Restructuring Settlement And Impairment Provisions
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CY2020Q1 us-gaap Asset Impairment Charges
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50000000 USD
CY2021Q1 ual Gain Loss On Sale Of Other Assets And Other Miscellaneous Charges
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CY2021Q1 ual Defined Benefit Plan Net Periodic Benefit Cost Credit Gain Loss Due To Settlement Restructuring And Special And Contractual Termination Benefits
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CY2020Q1 ual Defined Benefit Plan Net Periodic Benefit Cost Credit Gain Loss Due To Settlement Restructuring And Special And Contractual Termination Benefits
DefinedBenefitPlanNetPeriodicBenefitCostCreditGainLossDueToSettlementRestructuringAndSpecialAndContractualTerminationBenefits
0 USD
CY2021Q1 ual Gain Loss On Financial Instruments Non Operating
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CY2021Q1 us-gaap Provision For Loan Losses Expensed
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CY2021Q1 ual Special Charges And Losses On Financial Instruments Non Operating Before Tax
SpecialChargesAndLossesOnFinancialInstrumentsNonOperatingBeforeTax
68000000 USD
CY2020Q1 ual Special Charges And Losses On Financial Instruments Non Operating Before Tax
SpecialChargesAndLossesOnFinancialInstrumentsNonOperatingBeforeTax
1016000000 USD
CY2021Q1 ual Special Charges And Losses On Financial Instruments Operating And Nonoperating Before Tax
SpecialChargesAndLossesOnFinancialInstrumentsOperatingAndNonoperatingBeforeTax
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CY2020Q1 ual Special Charges And Losses On Financial Instruments Operating And Nonoperating Before Tax
SpecialChargesAndLossesOnFinancialInstrumentsOperatingAndNonoperatingBeforeTax
1079000000 USD
CY2021Q1 ual Income Tax Expense Benefit Special Charges
IncomeTaxExpenseBenefitSpecialCharges
291000000 USD
CY2020Q1 ual Income Tax Expense Benefit Special Charges
IncomeTaxExpenseBenefitSpecialCharges
-14000000 USD
CY2021Q1 ual Special Items Net Of Income Tax Benefits
SpecialItemsNetOfIncomeTaxBenefits
-1018000000 USD
CY2020Q1 ual Special Items Net Of Income Tax Benefits
SpecialItemsNetOfIncomeTaxBenefits
1065000000 USD
CY2021Q1 ual Proceeds From Government Assistance
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2600000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
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753000000 USD
CY2021Q1 ual Proceeds From Government Assistance Grants
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1800000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Warrants
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47000000 USD
CY2021Q1 us-gaap Postemployment Benefits Period Expense
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417000000 USD
CY2021Q1 ual Gain Loss On Contract Termination And Natural Disaster
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-16000000 USD
CY2021Q1 ual Gain Loss On Financial Instruments Non Operating
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-22000000 USD
CY2020Q1 ual Gain Loss On Financial Instruments Non Operating
GainLossOnFinancialInstrumentsNonOperating
-319000000 USD
CY2020Q1 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
24000000 USD

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