2019 Q1 Form 10-K Financial Statement

#000160392319000025 Filed on February 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2018
Revenue $1.346B $1.423B $5.744B
YoY Change -5.41% 2.67% 0.79%
Cost Of Revenue $1.082B $680.0M $4.514B
YoY Change 59.12% -5.56% 64.32%
Gross Profit $264.0M $278.0M $1.230B
YoY Change -5.04% 54.44% 51.85%
Gross Profit Margin 19.61% 19.54% 21.41%
Selling, General & Admin $231.0M $200.0M $894.0M
YoY Change 15.5% -23.95% -13.54%
% of Gross Profit 87.5% 71.94% 72.68%
Research & Development $36.00M $38.00M $139.0M
YoY Change -5.26% -2.56% -12.03%
% of Gross Profit 13.64% 13.67% 11.3%
Depreciation & Amortization $123.0M $147.0M $556.0M
YoY Change -16.33% -29.33% -30.59%
% of Gross Profit 46.59% 52.88% 45.2%
Operating Expenses $267.0M $238.0M $139.0M
YoY Change 12.18% 510.26% -12.03%
Operating Profit -$301.0M -$39.00M -$2.084B
YoY Change 671.79% -81.78% -3.96%
Interest Expense -$155.0M -$149.0M -$614.0M
YoY Change 4.03% 5.67% 6.04%
% of Operating Profit
Other Income/Expense, Net -$9.000M -$8.000M -$59.00M
YoY Change 12.5% -214.29% -942.86%
Pretax Income -$465.0M -$210.0M -$2.757B
YoY Change 121.43% -48.78% 2.11%
Income Tax $12.00M $32.00M $34.00M
% Of Pretax Income
Net Earnings -$481.0M -$245.0M -$2.811B
YoY Change 96.33% -45.31% -0.07%
Net Earnings / Revenue -35.74% -17.22% -48.94%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.48 -$0.25 -$2.819M
COMMON SHARES
Basic Shares Outstanding 1.003B shares 993.6M shares
Diluted Shares Outstanding 997.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $598.0M $459.0M $602.0M
YoY Change 30.28% -15.93% -1.79%
Cash & Equivalents $598.0M $459.0M $602.0M
Short-Term Investments
Other Short-Term Assets $434.0M $579.0M $689.0M
YoY Change -25.04% 25.6% -25.75%
Inventory $1.050B $1.225B $1.025B
Prepaid Expenses $127.0M
Receivables $1.067B $1.051B $1.134B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.406B $3.615B $3.450B
YoY Change -5.78% -29.2% -11.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.994B $2.580B $2.086B
YoY Change -22.71% -39.51% -22.97%
Goodwill $504.0M $2.740B
YoY Change -81.61% 15.95%
Intangibles $228.0M
YoY Change -4.6%
Long-Term Investments $26.00M
YoY Change -60.0%
Other Assets $615.0M $145.0M $139.0M
YoY Change 324.14% 16.94% -12.58%
Total Long-Term Assets $3.113B $5.719B $3.151B
YoY Change -45.57% -18.95% -46.31%
TOTAL ASSETS
Total Short-Term Assets $3.406B $3.615B $3.450B
Total Long-Term Assets $3.113B $5.719B $3.151B
Total Assets $6.519B $9.334B $6.601B
YoY Change -30.16% -23.25% -32.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $746.0M $809.0M $732.0M
YoY Change -7.79% 0.75% -14.49%
Accrued Expenses $326.0M $311.0M $249.0M
YoY Change 4.82% 7.99% -19.16%
Deferred Revenue
YoY Change
Short-Term Debt $554.0M $29.00M $326.0M
YoY Change 1810.34% 1350.0% 2863.64%
Long-Term Debt Due $58.00M $124.0M $57.00M
YoY Change -53.23% -47.9% -58.39%
Total Short-Term Liabilities $2.504B $2.092B $2.300B
YoY Change 19.69% -14.51% 3.14%
LONG-TERM LIABILITIES
Long-Term Debt $7.606B $7.639B $7.605B
YoY Change -0.43% 4.66% 0.85%
Other Long-Term Liabilities $515.0M $501.0M $362.0M
YoY Change 2.79% -30.9% -33.82%
Total Long-Term Liabilities $515.0M $501.0M $7.967B
YoY Change 2.79% -30.9% -1.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.504B $2.092B $2.300B
Total Long-Term Liabilities $515.0M $501.0M $7.967B
Total Liabilities $10.63B $10.23B $10.31B
YoY Change 3.84% -2.28% -0.65%
SHAREHOLDERS EQUITY
Retained Earnings -$9.152B -$5.755B
YoY Change 59.03% 69.36%
Common Stock $6.720B $6.677B
YoY Change 0.64% 1.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity -$4.145B -$942.0M -$3.705B
YoY Change
Total Liabilities & Shareholders Equity $6.519B $9.334B $6.601B
YoY Change -30.16% -23.25% -32.28%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2018
OPERATING ACTIVITIES
Net Income -$481.0M -$245.0M -$2.811B
YoY Change 96.33% -45.31% -0.07%
Depreciation, Depletion And Amortization $123.0M $147.0M $556.0M
YoY Change -16.33% -29.33% -30.59%
Cash From Operating Activities -$249.0M -$185.0M -$242.0M
YoY Change 34.59% 3.35% -37.63%
INVESTING ACTIVITIES
Capital Expenditures $59.00M $29.00M $186.0M
YoY Change 103.45% -27.5% -17.33%
Acquisitions $0.00 -$4.000M -$4.000M
YoY Change -100.0% -157.14%
Other Investing Activities $100.0M $41.00M $0.00
YoY Change 143.9% -4200.0% -100.0%
Cash From Investing Activities $36.00M $0.00 $122.0M
YoY Change -100.0% -296.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $208.0M $54.00M $168.0M
YoY Change 285.19% -250.0% 740.0%
NET CHANGE
Cash From Operating Activities -$249.0M -$185.0M -$242.0M
Cash From Investing Activities $36.00M $0.00 $122.0M
Cash From Financing Activities $208.0M $54.00M $168.0M
Net Change In Cash -$4.000M -$131.0M -$11.00M
YoY Change -96.95% -73.48% -97.44%
FREE CASH FLOW
Cash From Operating Activities -$249.0M -$185.0M -$242.0M
Capital Expenditures $59.00M $29.00M $186.0M
Free Cash Flow -$308.0M -$214.0M -$428.0M
YoY Change 43.93% -2.28% -30.18%

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130000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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39000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Other Net Of Tax
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690000000 USD
CY2018Q4 us-gaap Other Liabilities Current
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722000000 USD
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692000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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547000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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362000000 USD
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CY2017 us-gaap Other Noncash Income Expense
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CY2018 us-gaap Other Noncash Income Expense
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CY2017 us-gaap Other Nonoperating Income Expense
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CY2018 us-gaap Other Nonoperating Income Expense
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CY2017Q1 us-gaap Other Nonrecurring Income Expense
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134000000 USD
CY2017Q2 us-gaap Other Nonrecurring Income Expense
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108000000 USD
CY2017Q3 us-gaap Other Nonrecurring Income Expense
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35000000 USD
CY2017Q4 us-gaap Other Nonrecurring Income Expense
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1600000000 USD
CY2018Q1 us-gaap Other Nonrecurring Income Expense
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57000000 USD
CY2018Q2 us-gaap Other Nonrecurring Income Expense
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109000000 USD
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95000000 USD
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6000000 USD
CY2017 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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CY2018 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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51000000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
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5000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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7000000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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87000000 USD
CY2017 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
0 USD
CY2018 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
0 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
10000000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
15000000 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
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28000000 USD
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204000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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225000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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186000000 USD
CY2018Q1 us-gaap Prepaid Taxes
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105000000 USD
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39000000 USD
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1071000000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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250000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2016 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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1718000000 USD
CY2017 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
181000000 USD
CY2018 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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84000000 USD
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CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2018 us-gaap Proceeds From Sale Of Productive Assets
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106000000 USD
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49000000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
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51000000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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106000000 USD
CY2016 us-gaap Production Related Impairments Or Charges
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219000000 USD
CY2016 us-gaap Profit Loss
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CY2017 us-gaap Profit Loss
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CY2018 us-gaap Profit Loss
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9310000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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7872000000 USD
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2708000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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2086000000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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69000000 USD
CY2017 us-gaap Provision For Doubtful Accounts
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8000000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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5000000 USD
us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
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0.065
CY2017Q1 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
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0.04625
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120000000 USD
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65000000 USD
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1103000000 USD
CY2018Q4 us-gaap Receivables Net Current
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1130000000 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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40000000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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46000000 USD
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1963000000 USD
CY2017 us-gaap Repayments Of Long Term Debt And Capital Securities
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69000000 USD
CY2018 us-gaap Repayments Of Long Term Debt And Capital Securities
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502000000 USD
CY2016 us-gaap Research And Development Expense
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159000000 USD
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158000000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
139000000 USD
CY2016 us-gaap Restructuring Charges
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280000000 USD
CY2017 us-gaap Restructuring Charges
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183000000 USD
CY2018 us-gaap Restructuring Charges
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126000000 USD
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194000000 USD
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38000000 USD
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89000000 USD
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CY2017Q2 us-gaap Revenues
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CY2017Q3 us-gaap Revenues
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1460000000 USD
CY2017Q4 us-gaap Revenues
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1490000000 USD
CY2017 us-gaap Revenues
Revenues
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CY2018Q1 us-gaap Revenues
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CY2018Q2 us-gaap Revenues
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1448000000 USD
CY2018Q3 us-gaap Revenues
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1444000000 USD
CY2018Q4 us-gaap Revenues
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CY2018 us-gaap Revenues
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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
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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0
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18000000 shares
CY2016Q4 us-gaap Shares Issued Price Per Share
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78000000 USD
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CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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52000000 USD
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CY2018Q4 us-gaap Stockholders Equity
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4365000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018 us-gaap Stockholders Equity Other
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16000000 USD
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CY2017Q4 us-gaap Tax Credit Carryforward Amount
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94000000 USD
CY2017Q4 us-gaap Taxes Payable Current
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228000000 USD
CY2018Q4 us-gaap Taxes Payable Current
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214000000 USD
CY2016Q2 us-gaap Trade Receivables Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
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120000000 USD
CY2017Q1 us-gaap Trade Receivables Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
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65000000 USD
CY2017Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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2800000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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CY2016Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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195000000 USD
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1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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19000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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29000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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18000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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51000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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61000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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60000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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10000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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20000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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12000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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14000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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30000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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65000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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31000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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12000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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38000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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23000000 USD
CY2017Q4 us-gaap Warrants And Rights Outstanding
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70000000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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887000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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990000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
997000000 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
887000000 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
990000000 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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997000000 shares
CY2016 wft A Rbaddebtexpensewithnosignificanttaxbenefit
ARbaddebtexpensewithnosignificanttaxbenefit
62000000 USD
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2082000000 USD
CY2018Q4 wft Accounts Payableand Other Liabilities Current
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1917000000 USD
CY2016 wft Adjustments Noncash Items Intercompany Charges To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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0 USD
CY2017 wft Adjustments Noncash Items Intercompany Charges To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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0 USD
CY2018 wft Adjustments Noncash Items Intercompany Charges To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsIntercompanyChargesToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
0 USD
CY2016 wft Asset Write Downand Other
AssetWriteDownandOther
1043000000 USD
CY2017 wft Asset Write Downand Other
AssetWriteDownandOther
1711000000 USD
CY2018 wft Asset Write Downand Other
AssetWriteDownandOther
238000000 USD
CY2016 wft Bond Tender Premium Net
BondTenderPremiumNet
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CY2017 wft Bond Tender Premium Net
BondTenderPremiumNet
0 USD
CY2018 wft Bond Tender Premium Net
BondTenderPremiumNet
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CY2018 wft Debt Instrument Covenant Asset Coverage Ratio
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4.0
CY2018 wft Debt Instrument Covenant Initial Current Asset Coverage Ratio
DebtInstrumentCovenantInitialCurrentAssetCoverageRatio
1.5
CY2018 wft Debt Instrument Covenant Secondary Current Asset Coverage Ratio
DebtInstrumentCovenantSecondaryCurrentAssetCoverageRatio
2.1
CY2018 wft Debt Instrument Covenant Senior Leverage Ratio Period Two
DebtInstrumentCovenantSeniorLeverageRatioPeriodTwo
2.5
CY2018 wft Debt Instrument Covenant Specified Leverageand Letterof Credit Ratio Period Two
DebtInstrumentCovenantSpecifiedLeverageandLetterofCreditRatioPeriodTwo
3.5
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5000000 USD
CY2016 wft Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Amount
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0 USD
CY2017 wft Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017Amount
249000000 USD
CY2018 wft Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017Amount
0 USD
CY2016 wft Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Valuation Adjustment Amount
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ValuationAdjustmentAmount
0 USD
CY2017 wft Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Valuation Adjustment Amount
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ValuationAdjustmentAmount
-301000000 USD
CY2018 wft Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Valuation Adjustment Amount
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ValuationAdjustmentAmount
0 USD
CY2017Q4 wft Equity Method Investments In Affiliates
EquityMethodInvestmentsInAffiliates
0 USD
CY2018Q4 wft Equity Method Investments In Affiliates
EquityMethodInvestmentsInAffiliates
0 USD
CY2015 wft Foreign Currency Devaluation Lossbefore Tax
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41000000 USD
CY2016 wft Foreign Currency Devaluation Lossbefore Tax
ForeignCurrencyDevaluationLossbeforeTax
41000000 USD
CY2017 wft Foreign Currency Devaluation Lossbefore Tax
ForeignCurrencyDevaluationLossbeforeTax
0 USD
CY2018 wft Foreign Currency Devaluation Lossbefore Tax
ForeignCurrencyDevaluationLossbeforeTax
49000000 USD
CY2018 wft Goodwill Reclassificationto Assets Heldfor Sale
GoodwillReclassificationtoAssetsHeldforSale
7000000 USD
CY2016 wft Income Lossfrom Subsidiary
IncomeLossfromSubsidiary
0 USD
CY2017 wft Income Lossfrom Subsidiary
IncomeLossfromSubsidiary
0 USD
CY2018 wft Income Lossfrom Subsidiary
IncomeLossfromSubsidiary
0 USD
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-94000000 USD
CY2017 wft Increase Decreasein Accrued Litigationand Settlements
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-123000000 USD
CY2018 wft Increase Decreasein Accrued Litigationand Settlements
IncreaseDecreaseinAccruedLitigationandSettlements
-25000000 USD
CY2016 wft Intercompany Charges Net
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0 USD
CY2017 wft Intercompany Charges Net
IntercompanyChargesNet
0 USD
CY2018 wft Intercompany Charges Net
IntercompanyChargesNet
0 USD
CY2017Q4 wft Intercompany Payables Net
IntercompanyPayablesNet
0 USD
CY2018Q4 wft Intercompany Payables Net
IntercompanyPayablesNet
0 USD
CY2017Q4 wft Intercompany Receivables Net
IntercompanyReceivablesNet
0 USD
CY2018Q4 wft Intercompany Receivables Net
IntercompanyReceivablesNet
0 USD
CY2018 wft Numberof Yearsin Operation
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P50Y
CY2017Q4 wft Other Assets Current Consolidating
OtherAssetsCurrentConsolidating
3265000000 USD
CY2018Q4 wft Other Assets Current Consolidating
OtherAssetsCurrentConsolidating
2848000000 USD
CY2017Q4 wft Other Assets Noncurrent Consolidating
OtherAssetsNoncurrentConsolidating
5869000000 USD
CY2018Q4 wft Other Assets Noncurrent Consolidating
OtherAssetsNoncurrentConsolidating
3151000000 USD
CY2016 wft Other Nonoperating Income Expense Including Foreign Currency Devaluation
OtherNonoperatingIncomeExpenseIncludingForeignCurrencyDevaluation
-133000000 USD
CY2017 wft Other Nonoperating Income Expense Including Foreign Currency Devaluation
OtherNonoperatingIncomeExpenseIncludingForeignCurrencyDevaluation
93000000 USD
CY2018 wft Other Nonoperating Income Expense Including Foreign Currency Devaluation
OtherNonoperatingIncomeExpenseIncludingForeignCurrencyDevaluation
-59000000 USD
CY2017 wft Other Writedowns Chargesand Credits
OtherWritedownsChargesandCredits
66000000 USD
CY2016 wft Paymentsfor Bond Tender Premium
PaymentsforBondTenderPremium
78000000 USD
CY2017 wft Paymentsfor Bond Tender Premium
PaymentsforBondTenderPremium
0 USD
CY2018 wft Paymentsfor Bond Tender Premium
PaymentsforBondTenderPremium
34000000 USD
CY2016 wft Pressure Pumping Related Charges
PressurePumpingRelatedCharges
114000000 USD
CY2016 wft Proceedsfrom Paymentsfor Other Financing Activities Consolidating
ProceedsfromPaymentsforOtherFinancingActivitiesConsolidating
-216000000 USD
CY2017 wft Proceedsfrom Paymentsfor Other Financing Activities Consolidating
ProceedsfromPaymentsforOtherFinancingActivitiesConsolidating
-33000000 USD
CY2018 wft Proceedsfrom Paymentsfor Other Financing Activities Consolidating
ProceedsfromPaymentsforOtherFinancingActivitiesConsolidating
-74000000 USD
CY2016 wft Proceedsfrom Paymentsfor Other Operating Activities Consolidating
ProceedsfromPaymentsforOtherOperatingActivitiesConsolidating
2688000000 USD
CY2017 wft Proceedsfrom Paymentsfor Other Operating Activities Consolidating
ProceedsfromPaymentsforOtherOperatingActivitiesConsolidating
2430000000 USD
CY2018 wft Proceedsfrom Paymentsfor Other Operating Activities Consolidating
ProceedsfromPaymentsforOtherOperatingActivitiesConsolidating
2628000000 USD
CY2016 wft Proceedsfrom Repaymentsof Debtfrom Subsidiaries Net
ProceedsfromRepaymentsofDebtfromSubsidiariesNet
0 USD
CY2017 wft Proceedsfrom Repaymentsof Debtfrom Subsidiaries Net
ProceedsfromRepaymentsofDebtfromSubsidiariesNet
0 USD
CY2018 wft Proceedsfrom Repaymentsof Debtfrom Subsidiaries Net
ProceedsfromRepaymentsofDebtfromSubsidiariesNet
0 USD
CY2016 wft Proceedsfrom Saleof Accounts Receivable
ProceedsfromSaleofAccountsReceivable
154000000 USD
CY2017 wft Proceedsfrom Saleof Accounts Receivable
ProceedsfromSaleofAccountsReceivable
223000000 USD
CY2018 wft Proceedsfrom Saleof Accounts Receivable
ProceedsfromSaleofAccountsReceivable
373000000 USD
wft Receivable With Imputed Interest Term
ReceivableWithImputedInterestTerm
P3Y
CY2017Q1 wft Receivable With Imputed Interest Term
ReceivableWithImputedInterestTerm
P3Y
CY2018 wft Reclassifiedtoassetheldforsale
Reclassifiedtoassetheldforsale
2000000 USD
CY2018 wft Reclassifiedtoliabilitiesheldforsale
Reclassifiedtoliabilitiesheldforsale
7000000 USD
CY2017Q4 wft Rentaland Service Equipment Gross
RentalandServiceEquipmentGross
5621000000 USD
CY2018Q4 wft Rentaland Service Equipment Gross
RentalandServiceEquipmentGross
4869000000 USD
CY2016 wft Selling Generaland Administrative Expense Portion Attributableto Segments
SellingGeneralandAdministrativeExpensePortionAttributabletoSegments
965000000 USD
CY2017 wft Selling Generaland Administrative Expense Portion Attributableto Segments
SellingGeneralandAdministrativeExpensePortionAttributabletoSegments
904000000 USD
CY2018 wft Selling Generaland Administrative Expense Portion Attributableto Segments
SellingGeneralandAdministrativeExpensePortionAttributabletoSegments
764000000 USD
CY2018 wft Tax Benefit Recognized From Goodwill Impairment
TaxBenefitRecognizedFromGoodwillImpairment
70000000 USD
CY2017 wft Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Asset Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense
-52000000 USD
CY2016Q4 wft Transferof Accounts Receivable Accountedforas Sales Carrying Value
TransferofAccountsReceivableAccountedforasSalesCarryingValue
156000000 USD
CY2017Q4 wft Transferof Accounts Receivable Accountedforas Sales Carrying Value
TransferofAccountsReceivableAccountedforasSalesCarryingValue
227000000 USD
CY2018Q4 wft Transferof Accounts Receivable Accountedforas Sales Carrying Value
TransferofAccountsReceivableAccountedforasSalesCarryingValue
382000000 USD
CY2016 wft Unrecognized Tax Benefits Increase Decrease Resultingfrom Foreign Currency Translation
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromForeignCurrencyTranslation
-5000000 USD
CY2017 wft Unrecognized Tax Benefits Increase Decrease Resultingfrom Foreign Currency Translation
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromForeignCurrencyTranslation
0 USD
CY2018 wft Unrecognized Tax Benefits Increase Decrease Resultingfrom Foreign Currency Translation
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromForeignCurrencyTranslation
-17000000 USD
CY2018 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Derivative Financial Instruments</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We record derivative instruments on the balance sheet at their fair value as either assets or liabilities. Changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income (loss), depending on whether the derivative is designated as part of a hedge relationship, and if so, the type of hedge. </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%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period, and disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates and assumptions, including those related to uncollectible accounts receivable, lower of cost or net realizable value of inventories, equity investments, derivative financial instruments, intangible assets and goodwill, property, plant and equipment (&#8220;PP&amp;E&#8221;), income taxes, accounting for long-term contracts, self-insurance, foreign currency exchange rates, pension and post-retirement benefit plans, disputes, litigation, contingencies and share-based compensation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.</font></div></div>

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