2015 Q4 Form 10-Q Financial Statement

#000160392315000111 Filed on October 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $2.012B $2.237B $3.877B
YoY Change -46.02% -42.3% 1.49%
Cost Of Revenue $1.934B $1.027B $1.625B
YoY Change -33.49% -36.8% -13.47%
Gross Profit $78.00M $368.0M $992.0M
YoY Change -90.48% -62.9% 26.53%
Gross Profit Margin 3.88% 16.45% 25.59%
Selling, General & Admin $414.0M $344.0M $490.0M
YoY Change -29.11% -29.8% 2.08%
% of Gross Profit 530.77% 93.48% 49.4%
Research & Development $52.00M $56.00M $72.00M
YoY Change -29.73% -22.22% 10.77%
% of Gross Profit 66.67% 15.22% 7.26%
Depreciation & Amortization $275.0M $298.0M $327.0M
YoY Change -18.64% -8.87% -7.1%
% of Gross Profit 352.56% 80.98% 32.96%
Operating Expenses $466.0M $56.00M $72.00M
YoY Change -29.18% -22.22% 10.77%
Operating Profit -$388.0M -$98.00M $318.0M
YoY Change -340.99% -130.82% 33.05%
Interest Expense -$161.0M -$114.0M -$122.0M
YoY Change -56.25% -6.56% -5.43%
% of Operating Profit -38.36%
Other Income/Expense, Net $47.00M $12.00M -$9.000M
YoY Change 123.81% -233.33% -70.0%
Pretax Income -$1.148B -$226.0M $187.0M
YoY Change 264.44% -220.86% 133.75%
Income Tax $52.00M -$65.00M $98.00M
% Of Pretax Income 52.41%
Net Earnings -$1.208B -$170.0M $77.00M
YoY Change 154.32% -320.78% 250.0%
Net Earnings / Revenue -60.04% -7.6% 1.99%
Basic Earnings Per Share -$1.54 -$0.22 $0.10
Diluted Earnings Per Share -$1.54 -$0.22 $0.10
COMMON SHARES
Basic Shares Outstanding 779.0M shares 779.0M shares 777.0M shares
Diluted Shares Outstanding 779.0M shares 784.0M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $467.0M $519.0M $582.0M
YoY Change -1.48% -10.82% 84.18%
Cash & Equivalents $467.0M $519.0M $582.0M
Short-Term Investments
Other Short-Term Assets $464.0M $893.0M $1.182B
YoY Change -34.46% -24.45% 0.77%
Inventory $2.344B $2.767B $3.317B
Prepaid Expenses $343.0M
Receivables $1.781B $2.045B $3.315B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.564B $6.515B $8.927B
YoY Change -29.96% -27.02% -1.61%
LONG-TERM ASSETS
Property, Plant & Equipment $5.679B $6.394B $7.460B
YoY Change -20.27% -14.29% -11.16%
Goodwill $2.803B $2.844B $3.375B
YoY Change -6.91% -15.73% 0.0%
Intangibles $356.0M $380.0M $530.0M
YoY Change -20.36% -28.3%
Long-Term Investments $76.00M $83.00M $266.0M
YoY Change -28.3% -68.8% -61.22%
Other Assets $282.0M $583.0M $169.0M
YoY Change 6.42% 244.97% -53.06%
Total Long-Term Assets $9.196B $10.28B $11.80B
YoY Change -15.98% -12.85% -14.89%
TOTAL ASSETS
Total Short-Term Assets $5.564B $6.515B $8.927B
Total Long-Term Assets $9.196B $10.28B $11.80B
Total Assets $14.76B $16.80B $20.73B
YoY Change -21.86% -18.95% -9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $948.0M $1.015B $1.784B
YoY Change -45.39% -43.11% -15.73%
Accrued Expenses $406.0M $409.0M $442.0M
YoY Change -4.47% -7.47%
Deferred Revenue
YoY Change
Short-Term Debt $1.181B $1.280B $1.643B
YoY Change 74.45% -22.09% -14.07%
Long-Term Debt Due $401.0M $404.0M $72.00M
YoY Change 702.0% 461.11% -77.36%
Total Short-Term Liabilities $4.031B $4.025B $4.878B
YoY Change 0.1% -17.49% -20.7%
LONG-TERM LIABILITIES
Long-Term Debt $5.852B $6.020B $7.004B
YoY Change -13.92% -14.05% -0.86%
Other Long-Term Liabilities $512.0M $1.000B $903.0M
YoY Change -50.34% 10.74% -20.79%
Total Long-Term Liabilities $512.0M $1.000B $903.0M
YoY Change -50.34% 10.74% -88.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.031B $4.025B $4.878B
Total Long-Term Liabilities $512.0M $1.000B $903.0M
Total Liabilities $10.40B $11.05B $12.79B
YoY Change -12.32% -13.61% -11.2%
SHAREHOLDERS EQUITY
Retained Earnings $442.0M $1.650B $2.902B
YoY Change -81.79% -43.14%
Common Stock $5.503B $5.481B $5.391B
YoY Change 1.68% 1.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares 0.000 shares
Shareholders Equity $4.304B $5.684B $7.863B
YoY Change
Total Liabilities & Shareholders Equity $14.76B $16.80B $20.73B
YoY Change -21.86% -18.95% -9.64%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$1.208B -$170.0M $77.00M
YoY Change 154.32% -320.78% 250.0%
Depreciation, Depletion And Amortization $275.0M $298.0M $327.0M
YoY Change -18.64% -8.87% -7.1%
Cash From Operating Activities $332.0M $134.0M $350.0M
YoY Change -43.15% -61.71% 7.36%
INVESTING ACTIVITIES
Capital Expenditures $141.0M $135.0M $383.0M
YoY Change -65.36% -64.75% 3.79%
Acquisitions
YoY Change
Other Investing Activities $16.00M -$8.000M $755.0M
YoY Change -98.38% -101.06% 9337.5%
Cash From Investing Activities -$125.0M -$143.0M $372.0M
YoY Change -121.55% -138.44% -203.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -228.0M -71.00M -715.0M
YoY Change -80.79% -90.07% -1376.79%
NET CHANGE
Cash From Operating Activities 332.0M 134.0M 350.0M
Cash From Investing Activities -125.0M -143.0M 372.0M
Cash From Financing Activities -228.0M -71.00M -715.0M
Net Change In Cash -21.00M -80.00M 7.000M
YoY Change -8.7% -1242.86% -66.67%
FREE CASH FLOW
Cash From Operating Activities $332.0M $134.0M $350.0M
Capital Expenditures $141.0M $135.0M $383.0M
Free Cash Flow $191.0M -$1.000M -$33.00M
YoY Change 7.91% -96.97% -23.26%

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