2018 Q1 Form 10-K Financial Statement

#000031480818000019 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2016 Q4
Revenue $417.0M $454.2M
YoY Change -11.48%
Cost Of Revenue $325.2M
YoY Change
Gross Profit $91.80M
YoY Change
Gross Profit Margin 22.01%
Selling, General & Admin $25.60M
YoY Change
% of Gross Profit 27.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.90M
YoY Change
% of Gross Profit 106.64%
Operating Expenses $25.60M
YoY Change
Operating Profit -$51.30M -$253.4M $80.70M
YoY Change -188.75% -414.0% -103.21%
Interest Expense $38.50M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$70.70M $87.30M -$46.20M
YoY Change 22.53% -288.96% -2.33%
Pretax Income -$122.0M -$166.1M $34.50M
YoY Change -122100.0% -581.45% -101.35%
Income Tax $18.40M $42.40M $3.900M
% Of Pretax Income 11.3%
Net Earnings -$140.1M -$207.1M $39.00M
YoY Change 445.14% -631.03% -101.58%
Net Earnings / Revenue -33.6% -45.6%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 436.0M shares 436.0M shares 303.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $445.4M $445.4M $1.160B
Short-Term Investments
Other Short-Term Assets $410.2M $381.2M $316.0M
YoY Change 31.39% 20.63% -21.35%
Inventory $278.8M $225.2M
Prepaid Expenses $14.20M $14.20M $7.900M
Receivables
Other Receivables
Total Short-Term Assets $1.579B $1.612B $3.279B
YoY Change -41.82% -50.84% 43.51%
LONG-TERM ASSETS
Property, Plant & Equipment $12.83B $12.87B $10.92B
YoY Change 15.41% 17.9% -1.52%
Goodwill
YoY Change
Intangibles $14.20M $15.70M
YoY Change
Long-Term Investments
YoY Change
Other Assets $120.2M $140.2M $175.9M
YoY Change -12.9% -20.3% -25.97%
Total Long-Term Assets $12.96B $13.01B $11.10B
YoY Change 15.07% 17.29% -2.03%
TOTAL ASSETS
Total Short-Term Assets $1.579B $1.612B $3.279B
Total Long-Term Assets $12.96B $13.01B $11.10B
Total Assets $14.53B $14.63B $14.37B
YoY Change 4.02% 1.75% 5.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $251.5M $432.6M $145.9M
YoY Change 52.15% 196.5% -35.04%
Accrued Expenses
YoY Change
Deferred Revenue $78.00M $71.90M
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $0.00 $331.9M
YoY Change -100.0%
Total Short-Term Liabilities $573.3M $758.5M $854.4M
YoY Change 4.98% -11.22% 10.17%
LONG-TERM LIABILITIES
Long-Term Debt $4.987B $4.751B $4.943B
YoY Change 1.66% -3.88% -15.78%
Other Long-Term Liabilities $382.0M $386.7M $322.5M
YoY Change 29.71% 19.91% -28.21%
Total Long-Term Liabilities $5.369B $5.137B $5.265B
YoY Change 3.25% -2.43% -16.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $573.3M $758.5M $854.4M
Total Long-Term Liabilities $5.369B $5.137B $5.265B
Total Liabilities $5.943B $5.896B $6.120B
YoY Change 3.41% -3.65% -13.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.387B $1.533B $1.864B
YoY Change -23.83% -17.78% 89.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.00M $69.00M $65.80M
YoY Change 4.17% 4.86% 3.13%
Treasury Stock Shares 9.900M shares 11.10M shares 7.300M shares
Shareholders Equity $8.594B $8.732B $8.251B
YoY Change
Total Liabilities & Shareholders Equity $14.53B $14.63B $14.37B
YoY Change 4.02% 1.75% 5.61%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income -$140.1M -$207.1M $39.00M
YoY Change 445.14% -631.03% -101.58%
Depreciation, Depletion And Amortization $97.90M
YoY Change
Cash From Operating Activities -$11.10M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $35.40M
YoY Change -87.47%
Acquisitions
YoY Change
Other Investing Activities -$100.0K
YoY Change -50.0%
Cash From Investing Activities -$103.6M
YoY Change -83.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $771.0M
YoY Change 129.06%
Cash From Financing Activities -$3.300M
YoY Change -99.05%
NET CHANGE
Cash From Operating Activities -$11.10M
Cash From Investing Activities -$103.6M
Cash From Financing Activities -$3.300M
Net Change In Cash -$118.0M
YoY Change -88.11%
FREE CASH FLOW
Cash From Operating Activities -$11.10M
Capital Expenditures $35.40M
Free Cash Flow -$46.50M
YoY Change

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34500000 USD
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2017Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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177600000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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592800000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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88000000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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30600000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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889000000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2017Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2.04
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0.28
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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0.10
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3.10
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CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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9900000 USD
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400000 USD
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1400000 USD
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100000 USD
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0 USD
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8100000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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1000000 USD
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0.00
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0.00
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0.00
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0.00
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0.03
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.03
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0.00
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0.00
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0.00
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.00
CY2015 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2016 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
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36700000 USD
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CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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11700000 USD
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15300000 USD
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CY2017 us-gaap Income Tax Expense Benefit
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27100000 USD
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0 USD
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50900000 USD
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32600000 USD
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29000000 USD
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10000000 USD
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8400000 USD
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529000000 USD
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8500000 USD
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27900000 USD
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38300000 USD
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25500000 USD
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134400000 USD
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14200000 USD
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2000000 USD
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16600000 USD
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400000 USD
CY2015 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2016 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2017 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
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CY2015 us-gaap Payments For Proceeds From Short Term Investments
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1780000000 USD
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2474600000 USD
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