2014 Q3 Form 10-Q Financial Statement
#000139600914000037 Filed on November 05, 2014
Income Statement
| Concept | 2014 Q3 | 2013 Q4 | 2013 Q3 |
|---|---|---|---|
| Revenue | $873.6M | $680.2M | $813.6M |
| YoY Change | 7.37% | 11.8% | 11.63% |
| Cost Of Revenue | $664.5M | $562.9M | $654.6M |
| YoY Change | 1.51% | 6.37% | 8.75% |
| Gross Profit | $209.0M | $117.3M | $159.0M |
| YoY Change | 31.45% | 48.09% | 25.27% |
| Gross Profit Margin | 23.92% | 17.24% | 19.54% |
| Selling, General & Admin | $66.10M | $64.00M | $65.90M |
| YoY Change | 0.3% | -4.33% | 0.7% |
| % of Gross Profit | 31.63% | 54.56% | 41.45% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $71.20M | $76.20M | $78.30M |
| YoY Change | -9.07% | -3.05% | -6.91% |
| % of Gross Profit | 34.07% | 64.96% | 49.25% |
| Operating Expenses | $69.00M | $65.90M | $68.60M |
| YoY Change | 0.58% | -5.72% | 4.83% |
| Operating Profit | $140.3M | $53.83M | $99.77M |
| YoY Change | 40.66% | -3.07% | 78.58% |
| Interest Expense | -$40.90M | -$48.90M | -$49.10M |
| YoY Change | -16.7% | -7.56% | -192.57% |
| % of Operating Profit | -29.15% | -90.84% | -49.21% |
| Other Income/Expense, Net | -$600.0K | $2.600M | $2.300M |
| YoY Change | -126.09% | 4.0% | 27.35% |
| Pretax Income | $98.80M | $7.500M | $52.90M |
| YoY Change | 86.77% | 47.06% | 1042.8% |
| Income Tax | $31.10M | -$2.600M | $10.80M |
| % Of Pretax Income | 31.48% | -34.67% | 20.42% |
| Net Earnings | $66.94M | $9.083M | $41.36M |
| YoY Change | 61.83% | 160.78% | 190.06% |
| Net Earnings / Revenue | 7.66% | 1.34% | 5.08% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $501.5K | $69.04K | $315.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q3 | 2013 Q4 | 2013 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $92.00M | $194.0M | $246.0M |
| YoY Change | -62.6% | -29.45% | 1.23% |
| Cash & Equivalents | $92.00M | $194.0M | $246.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $77.00M | $74.00M | $82.00M |
| YoY Change | -6.1% | -5.13% | 15.49% |
| Inventory | $307.0M | $345.0M | $328.0M |
| Prepaid Expenses | |||
| Receivables | $480.0M | $323.0M | $445.0M |
| Other Receivables | $0.00 | $17.00M | $0.00 |
| Total Short-Term Assets | $955.0M | $951.0M | $1.101B |
| YoY Change | -13.26% | -3.45% | 4.93% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.069B | $3.312B | $3.214B |
| YoY Change | -4.51% | 4.84% | 0.03% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $42.00M | $42.00M | $43.00M |
| YoY Change | -2.33% | 82.89% | 2.38% |
| Other Assets | $150.0M | $174.0M | $172.0M |
| YoY Change | -12.79% | 8.0% | 21.59% |
| Total Long-Term Assets | $7.115B | $7.308B | $7.209B |
| YoY Change | -1.3% | 2.33% | 0.45% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $955.0M | $951.0M | $1.101B |
| Total Long-Term Assets | $7.115B | $7.308B | $7.209B |
| Total Assets | $8.070B | $8.259B | $8.310B |
| YoY Change | -2.89% | 1.63% | 1.02% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $168.0M | $139.0M | $154.0M |
| YoY Change | 9.09% | 23.01% | 15.79% |
| Accrued Expenses | $160.0M | ||
| YoY Change | -6.98% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $145.0K | $170.0K | $163.0K |
| YoY Change | -11.04% | -99.89% | -99.94% |
| Total Short-Term Liabilities | $365.0M | $299.0M | $359.0M |
| YoY Change | 1.67% | -31.49% | -43.2% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.984B | $2.522B | $2.523B |
| YoY Change | -21.36% | -0.17% | -0.18% |
| Other Long-Term Liabilities | $786.0M | $799.0M | $892.0M |
| YoY Change | -11.88% | 18.94% | 44.27% |
| Total Long-Term Liabilities | $2.770B | $3.321B | $3.415B |
| YoY Change | -18.89% | 3.84% | 8.56% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $365.0M | $299.0M | $359.0M |
| Total Long-Term Liabilities | $2.770B | $3.321B | $3.415B |
| Total Liabilities | $3.869B | $4.321B | $4.447B |
| YoY Change | -13.0% | -1.02% | -0.26% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $4.201B | $3.938B | $3.863B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $8.070B | $8.259B | $8.310B |
| YoY Change | -2.89% | 1.63% | 1.02% |
Cashflow Statement
| Concept | 2014 Q3 | 2013 Q4 | 2013 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $66.94M | $9.083M | $41.36M |
| YoY Change | 61.83% | 160.78% | 190.06% |
| Depreciation, Depletion And Amortization | $71.20M | $76.20M | $78.30M |
| YoY Change | -9.07% | -3.05% | -6.91% |
| Cash From Operating Activities | $126.8M | $96.50M | $305.3M |
| YoY Change | -58.47% | -33.31% | 215.07% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$52.90M | -$158.1M | -$57.30M |
| YoY Change | -7.68% | 259.32% | 262.66% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$205.4M | $2.600M | $11.10M |
| YoY Change | -1950.45% | -95.89% | 311.11% |
| Cash From Investing Activities | -$258.3M | -$155.5M | -$46.10M |
| YoY Change | 460.3% | -909.9% | 249.24% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -4.300M | 7.000M | -100.4M |
| YoY Change | -95.72% | -105.32% | -8466.67% |
| NET CHANGE | |||
| Cash From Operating Activities | 126.8M | 96.50M | 305.3M |
| Cash From Investing Activities | -258.3M | -155.5M | -46.10M |
| Cash From Financing Activities | -4.300M | 7.000M | -100.4M |
| Net Change In Cash | -135.8M | -52.00M | 158.8M |
| YoY Change | -185.52% | -260.99% | 87.04% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $126.8M | $96.50M | $305.3M |
| Capital Expenditures | -$52.90M | -$158.1M | -$57.30M |
| Free Cash Flow | $179.7M | $254.6M | $362.6M |
| YoY Change | -50.44% | 34.92% | 221.74% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013 | vmc |
Volumetric Production Payment Termination Date
VolumetricProductionPaymentTerminationDate
|
2051-09-30 | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
13796000 | ||
| CY2013Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
252664000 | |
| CY2014Q3 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
252664000 | |
| CY2013Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2523552000 | |
| CY2013Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2522413000 | |
| CY2014Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2006113000 | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
2943000 | ||
| CY2013Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
163000 | |
| CY2013Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
170000 | |
| CY2014Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
145000 |
