2018 Q4 Form 10-K Financial Statement

#000111133519000003 Filed on February 21, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $731.0M $2.984B $797.0M
YoY Change -8.28% -5.15% -2.33%
Cost Of Revenue $635.0M $2.573B $660.0M
YoY Change -3.79% -3.09% -3.93%
Gross Profit $96.00M $411.0M $137.0M
YoY Change -29.93% -16.29% 6.2%
Gross Profit Margin 13.13% 13.77% 17.19%
Selling, General & Admin $54.00M $193.0M $65.00M
YoY Change -16.92% -14.6% 14.04%
% of Gross Profit 56.25% 46.96% 47.45%
Research & Development $286.0M
YoY Change 13.04%
% of Gross Profit 69.59%
Depreciation & Amortization $24.00M $91.00M $25.00M
YoY Change -4.0% 4.6% 13.64%
% of Gross Profit 25.0% 22.14% 18.25%
Operating Expenses $50.00M $479.0M $62.00M
YoY Change -19.35% 0.0% -3.13%
Operating Profit $46.00M -$68.00M $75.00M
YoY Change -38.67% -666.67% 15.38%
Interest Expense $2.000M $14.00M -$3.000M
YoY Change -166.67% -33.33% 0.0%
% of Operating Profit 4.35% -4.0%
Other Income/Expense, Net -$21.00M
YoY Change 50.0%
Pretax Income $47.00M $216.0M $35.00M
YoY Change 34.29% -3.14% 2.94%
Income Tax -$7.000M $43.00M $55.00M
% Of Pretax Income -14.89% 19.91% 157.14%
Net Earnings $45.00M $164.0M $30.00M
YoY Change 50.0% -6.82% 400.0%
Net Earnings / Revenue 6.16% 5.5% 3.76%
Basic Earnings Per Share $1.50 $5.56 $0.81
Diluted Earnings Per Share $1.49 $5.52 $0.79
COMMON SHARES
Basic Shares Outstanding 28.27M shares 29.50M shares 31.10M shares
Diluted Shares Outstanding 29.70M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $463.0M $463.0M $706.0M
YoY Change -34.42% -34.42% -19.59%
Cash & Equivalents $463.0M $463.0M $706.0M
Short-Term Investments
Other Short-Term Assets $159.0M $68.00M $175.0M
YoY Change -9.14% 21.43% 2.94%
Inventory $184.0M $184.0M $189.0M
Prepaid Expenses $20.00M $36.00M
Receivables $486.0M $486.0M $530.0M
Other Receivables $95.00M $95.00M $122.0M
Total Short-Term Assets $1.296B $1.296B $1.603B
YoY Change -19.15% -19.15% -6.15%
LONG-TERM ASSETS
Property, Plant & Equipment $397.0M $397.0M $377.0M
YoY Change 5.31% 5.31% 9.28%
Goodwill $0.00 $47.00M
YoY Change -100.0% 4.44%
Intangibles $82.00M $85.00M
YoY Change -3.53%
Long-Term Investments $42.00M $42.00M $41.00M
YoY Change 2.44% 2.44% 2.5%
Other Assets $143.0M $61.00M $151.0M
YoY Change -5.3% 8.93% 3.42%
Total Long-Term Assets $711.0M $711.0M $701.0M
YoY Change 1.43% 1.43% 5.41%
TOTAL ASSETS
Total Short-Term Assets $1.296B $1.296B $1.603B
Total Long-Term Assets $711.0M $711.0M $701.0M
Total Assets $2.007B $2.007B $2.304B
YoY Change -12.89% -12.89% -2.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $436.0M $436.0M $470.0M
YoY Change -7.23% -7.23% 1.51%
Accrued Expenses $80.00M $80.00M $115.0M
YoY Change -30.43% -30.43% 11.65%
Deferred Revenue
YoY Change
Short-Term Debt $57.00M $57.00M $44.00M
YoY Change 29.55% 29.55% 33.33%
Long-Term Debt Due $0.00 $0.00 $2.000M
YoY Change -100.0% -100.0% -33.33%
Total Short-Term Liabilities $721.0M $721.0M $801.0M
YoY Change -9.99% -9.99% -12.07%
LONG-TERM LIABILITIES
Long-Term Debt $348.0M $348.0M $347.0M
YoY Change 0.29% 0.29% 0.29%
Other Long-Term Liabilities $76.00M $333.0M $95.00M
YoY Change -20.0% -10.48% 37.68%
Total Long-Term Liabilities $424.0M $681.0M $442.0M
YoY Change -4.07% -5.29% 6.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $721.0M $721.0M $801.0M
Total Long-Term Liabilities $424.0M $681.0M $442.0M
Total Liabilities $1.145B $1.542B $1.243B
YoY Change -7.88% -7.5% -6.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.609B $1.445B
YoY Change 11.35% 13.87%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.264B $1.974B
YoY Change 14.69% 11.02%
Treasury Stock Shares 26.82M shares 24.14M shares
Shareholders Equity $465.0M $465.0M $637.0M
YoY Change
Total Liabilities & Shareholders Equity $2.007B $2.007B $2.304B
YoY Change -12.89% -12.89% -2.91%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $45.00M $164.0M $30.00M
YoY Change 50.0% -6.82% 400.0%
Depreciation, Depletion And Amortization $24.00M $91.00M $25.00M
YoY Change -4.0% 4.6% 13.64%
Cash From Operating Activities $97.00M $204.0M $86.00M
YoY Change 12.79% -5.12% 4.88%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M $127.0M -$30.00M
YoY Change 3.33% 28.28% 57.89%
Acquisitions -$16.00M
YoY Change -134.04%
Other Investing Activities $0.00 -$13.00M -$48.00M
YoY Change -100.0% 116.67% 166.67%
Cash From Investing Activities -$31.00M -$98.00M -$78.00M
YoY Change -60.26% -43.35% 110.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.0M
YoY Change 50.0%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -41.00M -$335.0M -36.00M
YoY Change 13.89% 43.16% 1700.0%
NET CHANGE
Cash From Operating Activities 97.00M $204.0M 86.00M
Cash From Investing Activities -31.00M -$98.00M -78.00M
Cash From Financing Activities -41.00M -$335.0M -36.00M
Net Change In Cash 25.00M -$242.0M -28.00M
YoY Change -189.29% 39.88% -165.12%
FREE CASH FLOW
Cash From Operating Activities $97.00M $204.0M $86.00M
Capital Expenditures -$31.00M $127.0M -$30.00M
Free Cash Flow $128.0M $77.00M $116.0M
YoY Change 10.34% -33.62% 14.85%

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11000000 USD
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100000000 USD
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75000000 USD
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58000000 USD
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55000000 USD
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35000000 USD
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223000000 USD
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88000000 USD
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49000000 USD
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32000000 USD
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47000000 USD
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216000000 USD
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159000000 USD
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216000000 USD
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203000000 USD
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131000000 USD
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59000000 USD
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48000000 USD
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47000000 USD
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21000000 USD
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175000000 USD
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67000000 USD
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37000000 USD
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23000000 USD
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46000000 USD
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173000000 USD
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3.28
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5.03
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5.53
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3.25
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4.94
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5.49
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76000000 USD
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43000000 USD
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250000000 USD
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33000000 USD
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36000000 USD
CY2018Q4 us-gaap Prepaid Expense Current
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20000000 USD
CY2016 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
356000000 USD
CY2017 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 USD
CY2018 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2000000 USD
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt
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10000000 USD
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
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12000000 USD
CY2016 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
17000000 USD
CY2017 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
15000000 USD
CY2018 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
0 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1000000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2000000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3000000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
49000000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
48000000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
33000000 USD
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34000000 USD
CY2017Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
16000000 USD
CY2018Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
14000000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
41000000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
26000000 USD
CY2017 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
20000000 USD
CY2018 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
19000000 USD
CY2017 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4000000 USD
CY2018 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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-5000000 USD
CY2016 us-gaap Profit Loss
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91000000 USD
CY2017Q1 us-gaap Profit Loss
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67000000 USD
CY2017Q2 us-gaap Profit Loss
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48000000 USD
CY2017Q3 us-gaap Profit Loss
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47000000 USD
CY2017Q4 us-gaap Profit Loss
ProfitLoss
30000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
192000000 USD
CY2018Q1 us-gaap Profit Loss
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69000000 USD
CY2018Q2 us-gaap Profit Loss
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36000000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
24000000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
45000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
174000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
622000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
676000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
377000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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397000000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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2000000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3000000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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2000000 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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5000000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
CY2017 us-gaap Related Party Transaction Purchases From Related Party
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64000000 USD
CY2018 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
79000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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2000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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2000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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0 USD
CY2016 us-gaap Research And Development Expense
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295000000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
253000000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
286000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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3000000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4000000 USD
CY2016 us-gaap Restructuring Charges
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49000000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
14000000 USD
CY2018 us-gaap Restructuring Charges
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29000000 USD
CY2017Q4 us-gaap Restructuring Reserve
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24000000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
23000000 USD
CY2016 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-4000000 USD
CY2017 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-5000000 USD
CY2018 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-2000000 USD
CY2015Q4 us-gaap Restructuring Reserve Current
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38000000 USD
CY2016Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
40000000 USD
CY2017Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
24000000 USD
CY2018Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
23000000 USD
CY2016 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-1000000 USD
CY2017 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
2000000 USD
CY2018 us-gaap Restructuring Reserve Translation Adjustment
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-1000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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1445000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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1609000000 USD
CY2016 us-gaap Revenue From Contract With Customer Including Assessed Tax
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3161000000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
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3146000000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
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2984000000 USD
CY2017 us-gaap Revenue From Related Parties
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52000000 USD
CY2018 us-gaap Revenue From Related Parties
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52000000 USD
CY2016 us-gaap Revenues
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3161000000 USD
CY2017Q1 us-gaap Revenues
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810000000 USD
CY2017Q2 us-gaap Revenues
Revenues
774000000 USD
CY2017Q3 us-gaap Revenues
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765000000 USD
CY2017Q4 us-gaap Revenues
Revenues
797000000 USD
CY2017 us-gaap Revenues
Revenues
3146000000 USD
CY2018Q1 us-gaap Revenues
Revenues
814000000 USD
CY2018Q2 us-gaap Revenues
Revenues
758000000 USD
CY2018Q3 us-gaap Revenues
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681000000 USD
CY2018Q4 us-gaap Revenues
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731000000 USD
CY2018 us-gaap Revenues
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2984000000 USD
CY2017Q4 us-gaap Sale Leaseback Transaction Deferred Gain Net
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14000000 USD
CY2018Q4 us-gaap Sale Leaseback Transaction Deferred Gain Net
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12000000 USD
CY2017Q4 us-gaap Secured Debt Current
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2000000 USD
CY2016 us-gaap Selling General And Administrative Expense
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224000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
226000000 USD
CY2018 us-gaap Selling General And Administrative Expense
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193000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
8000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
12000000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
8000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
79.11
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
83.66
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
61.69
CY2016 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
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
81.05
CY2017 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
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
94.73
CY2018 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
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
123.52
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
84.26
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
83.30
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
87.09
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
105.24
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
90.45
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
83.46
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
96.34
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2000000 USD
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220000 shares
CY2017Q4 us-gaap Short Term Borrowings
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44000000 USD
CY2018Q4 us-gaap Short Term Borrowings
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57000000 USD
CY2017 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
2000000 USD
CY2018 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2017Q4 us-gaap Stockholders Equity
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637000000 USD
CY2018Q4 us-gaap Stockholders Equity
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465000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1199000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
724000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
761000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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582000000 USD
CY2017Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2018 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-10000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
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CY2018Q4 us-gaap Treasury Stock Shares
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CY2017Q4 us-gaap Treasury Stock Value
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1974000000 USD
CY2018Q4 us-gaap Treasury Stock Value
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2264000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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35000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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10000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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18000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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4000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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3000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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3000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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4000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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9000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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4000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
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1100000000 USD
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56000000 USD
CY2018Q4 us-gaap Value Added Tax Receivable Current
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46000000 USD
CY2018Q4 vc Distribution Payable
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0 USD
CY2016 vc Effective Income Tax Rate Reconciliation Non Us Withholding Taxes
EffectiveIncomeTaxRateReconciliationNonUSWithholdingTaxes
13000000 USD
CY2017 vc Effective Income Tax Rate Reconciliation Non Us Withholding Taxes
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15000000 USD
CY2017Q4 us-gaap Value Added Tax Receivable Noncurrent
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35000000 USD
CY2018Q4 us-gaap Value Added Tax Receivable Noncurrent
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33000000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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35400000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32200000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29700000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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35000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31600000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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29500000 shares
CY2016 vc Accelerated Share Repurchase Aggregate Purchase Price
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500000000 USD
vc Accelerated Share Repurchase Aggregate Purchase Price
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200000000 USD
CY2018 vc Accelerated Share Repurchase Aggregate Purchase Price
AcceleratedShareRepurchaseAggregatePurchasePrice
150000000 USD
vc Acceleratedsharerepurchaseinitialstockdelivery
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1978144 shares
CY2018 vc Acceleratedsharerepurchaseinitialstockdelivery
Acceleratedsharerepurchaseinitialstockdelivery
1587159 shares
CY2015 vc Adjusted Ebitda
AdjustedEBITDA
337000000 USD
CY2016 vc Adjusted Ebitda
AdjustedEBITDA
337000000 USD
CY2017 vc Adjusted Ebitda
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370000000 USD
CY2018 vc Adjusted Ebitda
AdjustedEBITDA
330000000 USD
CY2016 vc Adjustments To Ebitda For Discontinued Operations
AdjustmentsToEbitdaForDiscontinuedOperations
40000000 USD
CY2017 vc Adjustments To Ebitda For Discontinued Operations
AdjustmentsToEbitdaForDiscontinuedOperations
-17000000 USD
CY2018 vc Adjustments To Ebitda For Discontinued Operations
AdjustmentsToEbitdaForDiscontinuedOperations
-1000000 USD
CY2017Q2 vc Amended Loc Agreement Facility Capacity
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15000000 USD
CY2017Q3 vc Amended Loc Agreement Facility Capacity
AmendedLocAgreementFacilityCapacity
5000000 USD
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AmendedLocAgreementFacilityCapacity
17000000 USD
CY2018Q4 vc Amended Loc Agreement Facility Capacity
AmendedLocAgreementFacilityCapacity
14000000 USD
CY2003 vc Amountof Bonds Issuedbythe Charter Townshipof Van Buren Michigan
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28000000 USD
CY2018 vc Annual Limitations Under Irc Section382 And383
AnnualLimitationsUnderIrcSection382And383
120000000 USD
CY2017 vc Cashcontribution France Transaction
CashcontributionFranceTransaction
13000000 USD
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14000000 USD
CY2018Q4 vc Contractualengineeringcostrecoveriescurrent
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40000000 USD
CY2017Q4 vc Contractualengineeringcostrecoveriesnoncurrent
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24000000 USD
CY2018Q4 vc Contractualengineeringcostrecoveriesnoncurrent
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29000000 USD
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10000000 USD
CY2017Q4 vc Deferred Tax Assets Capitalized Expenditures For Tax Reporting
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3000000 USD
CY2018Q4 vc Deferred Tax Assets Capitalized Expenditures For Tax Reporting
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3000000 USD
CY2018 vc Defined Contribution Plan Employer Match Of First Six Percent Employee Contribution
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1
CY2016 vc Depreciation And Amortization Expense
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69000000 USD
CY2017 vc Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
74000000 USD
CY2018 vc Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
76000000 USD
CY2016 vc Depreciationand Amortization Expensesfor Continuing Operations
DepreciationandAmortizationExpensesforContinuingOperations
84000000 USD
CY2017 vc Depreciationand Amortization Expensesfor Continuing Operations
DepreciationandAmortizationExpensesforContinuingOperations
87000000 USD
CY2018 vc Depreciationand Amortization Expensesfor Continuing Operations
DepreciationandAmortizationExpensesforContinuingOperations
91000000 USD
CY2016 vc Disposal Group Including Discontinued Operations Restructuring Expenses
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-4000000 USD
CY2017 vc Disposal Group Including Discontinued Operations Restructuring Expenses
DisposalGroupIncludingDiscontinuedOperationsRestructuringExpenses
0 USD
CY2018 vc Disposal Group Including Discontinued Operations Restructuring Expenses
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-1000000 USD
CY2017Q4 vc Distribution Payable
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14000000 USD
CY2018 vc Effective Income Tax Rate Reconciliation Non Us Withholding Taxes
EffectiveIncomeTaxRateReconciliationNonUSWithholdingTaxes
14000000 USD
CY2016 vc Effective Income Tax Rate Reconciliation Worthless Stock Deduction
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-58000000 USD
CY2017 vc Effective Income Tax Rate Reconciliation Worthless Stock Deduction
EffectiveIncomeTaxRateReconciliationWorthlessStockDeduction
0 USD
CY2018 vc Effective Income Tax Rate Reconciliation Worthless Stock Deduction
EffectiveIncomeTaxRateReconciliationWorthlessStockDeduction
0 USD
CY2017Q4 vc Employee Related Liabilities Noncurrent
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277000000 USD
CY2018Q4 vc Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
257000000 USD
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Equityinnetincomeofnonconsolidatedaffiliates
2000000 USD
CY2017 vc Equityinnetincomeofnonconsolidatedaffiliates
Equityinnetincomeofnonconsolidatedaffiliates
7000000 USD
CY2018 vc Equityinnetincomeofnonconsolidatedaffiliates
Equityinnetincomeofnonconsolidatedaffiliates
13000000 USD
CY2016 vc Gainonnonconsolidatedaffiliatetransactions
Gainonnonconsolidatedaffiliatetransactions
-2000000 USD
CY2017 vc Gainonnonconsolidatedaffiliatetransactions
Gainonnonconsolidatedaffiliatetransactions
11000000 USD
CY2018 vc Gainonnonconsolidatedaffiliatetransactions
Gainonnonconsolidatedaffiliatetransactions
8000000 USD
CY2017 vc Gainonrepurchaseof Indiaoperations
GainonrepurchaseofIndiaoperations
7000000 USD
CY2016Q4 vc Goodwill And Indefinite Lived Intangible Assets Net
GoodwillAndIndefiniteLivedIntangibleAssetsNet
45000000 USD
CY2017Q4 vc Goodwill And Indefinite Lived Intangible Assets Net
GoodwillAndIndefiniteLivedIntangibleAssetsNet
47000000 USD
CY2018Q4 vc Goodwill And Indefinite Lived Intangible Assets Net
GoodwillAndIndefiniteLivedIntangibleAssetsNet
47000000 USD
CY2018 vc Hedgingimpactandeliminations
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-189000000 USD
CY2017 vc Increase Decrease Investing Activities
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2000000 USD
CY2016 vc Increase Decrease Operating Activity
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4000000 USD
CY2017 vc Increase Decrease Operating Activity
IncreaseDecreaseOperatingActivity
2000000 USD
CY2017 vc Increase Decreasein Financing Activity
IncreaseDecreaseinFinancingActivity
1000000 USD
CY2018 vc Increaseinpretaxincome
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17000000 USD
CY2017 vc Increasesdecreaseinotherincome
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12000000 USD
CY2017 vc Increasetocostofsales
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8000000 USD
CY2017 vc Increasetosellinggeneralandadministrativeexpenses
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4000000 USD
CY2016Q4 vc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
180000000 USD
CY2017Q4 vc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
196000000 USD
CY2018Q4 vc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
207000000 USD
CY2017 vc Intangible Assets Including Goodwill Translation Adjustment
IntangibleAssetsIncludingGoodwillTranslationAdjustment
8000000 USD
CY2018 vc Intangible Assets Including Goodwill Translation Adjustment
IntangibleAssetsIncludingGoodwillTranslationAdjustment
-7000000 USD
CY2017 vc Intangible Assets Net Including Goodwill Recognized From Business Acquisition
IntangibleAssetsNetIncludingGoodwillRecognizedFromBusinessAcquisition
8000000 USD
CY2018 vc Intangible Assets Net Including Goodwill Recognized From Business Acquisition
IntangibleAssetsNetIncludingGoodwillRecognizedFromBusinessAcquisition
19000000 USD
CY2017Q4 vc Jointventurepayables
Jointventurepayables
12000000 USD
CY2018Q4 vc Jointventurepayables
Jointventurepayables
17000000 USD
CY2017 vc Loc Collateral Percentagefordrawsinthe U.S.Dollars
LOCCollateralPercentagefordrawsintheU.S.dollars
1.03
CY2017 vc Lo Ccollateralpercentagefordrawsinnon U.S.Currencies
LOCcollateralpercentagefordrawsinnonU.S.currencies
1.10
CY2016 vc Loanstononconsolidatedaffiliatesnetofrepayments
Loanstononconsolidatedaffiliatesnetofrepayments
8000000 USD
CY2017 vc Loanstononconsolidatedaffiliatesnetofrepayments
Loanstononconsolidatedaffiliatesnetofrepayments
0 USD
CY2018 vc Loanstononconsolidatedaffiliatesnetofrepayments
Loanstononconsolidatedaffiliatesnetofrepayments
0 USD
CY2016 vc Lossesondivestituresandimpairments
Lossesondivestituresandimpairments
22000000 USD
CY2017 vc Lossesondivestituresandimpairments
Lossesondivestituresandimpairments
33000000 USD
CY2018 vc Lossesondivestituresandimpairments
Lossesondivestituresandimpairments
0 USD
CY2016 vc Lossonassetcontribution
Lossonassetcontribution
-2000000 USD
CY2017 vc Lossonassetcontribution
Lossonassetcontribution
0 USD
CY2018 vc Lossonassetcontribution
Lossonassetcontribution
0 USD
CY2016 vc Restructuringchargesincludingdiscontinuedoperations
Restructuringchargesincludingdiscontinuedoperations
57000000 USD
CY2017 vc Restructuringchargesincludingdiscontinuedoperations
Restructuringchargesincludingdiscontinuedoperations
19000000 USD
CY2018 vc Restructuringchargesincludingdiscontinuedoperations
Restructuringchargesincludingdiscontinuedoperations
32000000 USD
CY2016 vc Shorttermcashinvestmentsnet
Shorttermcashinvestmentsnet
-47000000 USD
CY2017 vc Shorttermcashinvestmentsnet
Shorttermcashinvestmentsnet
0 USD
CY2018 vc Shorttermcashinvestmentsnet
Shorttermcashinvestmentsnet
0 USD
CY2017 vc Stock Based Compensation Performance Based Units Vesting Percentage Based On Relative Total Shareholder Return High End
StockBasedCompensationPerformanceBasedUnitsVestingPercentageBasedOnRelativeTotalShareholderReturnHighEnd
1.50
CY2017 vc Stock Based Compensation Performance Based Units Vesting Percentage Based On Relative Total Shareholder Return Low End
StockBasedCompensationPerformanceBasedUnitsVestingPercentageBasedOnRelativeTotalShareholderReturnLowEnd
0
CY2016 vc Transformation Costs
TransformationCosts
-9000000 USD
CY2017 vc Transformation Costs
TransformationCosts
-2000000 USD
CY2018 vc Transformation Costs
TransformationCosts
4000000 USD
CY2017 vc Unrecognized Tax Benefits Effect Of Exchange Rate Changes
UnrecognizedTaxBenefitsEffectOfExchangeRateChanges
-1000000 USD
CY2017 vc Workingcapitalandotherimpact France Transaction
WorkingcapitalandotherimpactFranceTransaction
7000000 USD
CY2018 vc Netchangesintransactionprice
Netchangesintransactionprice
30000000 USD
CY2016Q2 vc Numberof Participantsinannuitypurchase
NumberofParticipantsinannuitypurchase
52
CY2016 vc Paymentsassociatedwithbusinessdivestiture
Paymentsassociatedwithbusinessdivestiture
10000000 USD
CY2017 vc Paymentsassociatedwithbusinessdivestiture
Paymentsassociatedwithbusinessdivestiture
48000000 USD
CY2018 vc Paymentsassociatedwithbusinessdivestiture
Paymentsassociatedwithbusinessdivestiture
0 USD
CY2016 vc Pension Financing Benefitsnet
PensionFinancingBenefitsnet
12000000 USD
CY2017 vc Pension Financing Benefitsnet
PensionFinancingBenefitsnet
12000000 USD
CY2018 vc Pension Financing Benefitsnet
PensionFinancingBenefitsnet
13000000 USD
CY2017Q4 vc Productwarrantyaccrualincludingheldforsale
Productwarrantyaccrualincludingheldforsale
55000000 USD
CY2018Q4 vc Productwarrantyaccrualincludingheldforsale
Productwarrantyaccrualincludingheldforsale
49000000 USD
CY2017 vc Productwarrantyaccrualrecoverablewarrantyorrecalls
Productwarrantyaccrualrecoverablewarrantyorrecalls
3000000 USD
CY2018 vc Productwarrantyaccrualrecoverablewarrantyorrecalls
Productwarrantyaccrualrecoverablewarrantyorrecalls
2000000 USD
CY2017 vc Productwarrantyaccrualspecificactionincreasedecrease
Productwarrantyaccrualspecificactionincreasedecrease
6000000 USD
CY2018 vc Productwarrantyaccrualspecificactionincreasedecrease
Productwarrantyaccrualspecificactionincreasedecrease
9000000 USD
CY2017Q4 vc Property And Equipment Net Before Tooling
PropertyAndEquipmentNetBeforeTooling
353000000 USD
CY2018Q4 vc Property And Equipment Net Before Tooling
PropertyAndEquipmentNetBeforeTooling
373000000 USD
CY2017Q4 vc Receivables For Customer Owned Production Tooling
ReceivablesForCustomerOwnedProductionTooling
18000000 USD
CY2018Q4 vc Receivables For Customer Owned Production Tooling
ReceivablesForCustomerOwnedProductionTooling
22000000 USD
CY2018 vc Reimbursementforengineeringcostsexpectedinyearfour
Reimbursementforengineeringcostsexpectedinyearfour
1000000 USD
CY2018 vc Reimbursementforengineeringcostsexpectedinyearthree
Reimbursementforengineeringcostsexpectedinyearthree
9000000 USD
CY2018 vc Reimbursementforengineeringcostsexpectedinyeartwo
Reimbursementforengineeringcostsexpectedinyeartwo
19000000 USD
CY2018 vc Reimbursementof Engineeringcostsinfollowingyear
ReimbursementofEngineeringcostsinfollowingyear
40000000 USD
CY2017Q4 vc Rentandroyalties
Rentandroyalties
24000000 USD
CY2018Q4 vc Rentandroyalties
Rentandroyalties
14000000 USD
CY2017Q4 vc Restricted Net Assets Non Consolidated Affiliates
RestrictedNetAssetsNonConsolidatedAffiliates
179000000 USD
CY2018Q4 vc Restricted Net Assets Non Consolidated Affiliates
RestrictedNetAssetsNonConsolidatedAffiliates
177000000 USD
CY2018 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">eclassifications:</font><font style="font-family:inherit;font-size:10pt;"> Certain prior period amounts have been reclassified to conform to current period presentation. </font></div></div>
CY2018 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contractually Reimbursable Engineering Costs:</font><font style="font-family:inherit;font-size:10pt;"> Engineering, testing and other costs incurred in the design and development of production parts are expensed as incurred, unless the cost reimbursement is contractually guaranteed in a customer contract for which costs are capitalized as costs are incurred and subsequently reduced upon lump sum or piece price recoveries. </font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates:</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported herein. Considerable judgment is involved in making these determinations and the use of different estimates or assumptions could result in significantly different results. Management believes its assumptions and estimates are reasonable and appropriate. However, actual results could differ from those reported herein. </font></div></div>

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