2015 Q4 Form 10-K Financial Statement

#000162828016011979 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $3.342B $7.623B $830.7M
YoY Change 302.35% 223.48% 222.98%
Cost Of Revenue $1.786B $4.171B $531.3M
YoY Change 236.16% 145.06% 160.31%
Gross Profit $1.556B $3.452B $299.4M
YoY Change 419.77% 427.02% 464.14%
Gross Profit Margin 46.56% 45.28% 36.04%
Selling, General & Admin $413.7M $913.0M $94.60M
YoY Change 337.32% 1360.8% 95.45%
% of Gross Profit 26.58% 26.45% 31.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $173.0M $203.0M $34.50M
YoY Change 401.45% 467.04% 279.12%
% of Gross Profit 11.12% 5.88% 11.52%
Operating Expenses $3.380B $7.652B $824.7M
YoY Change 309.88% 219.16% 210.39%
Operating Profit -$38.00M -$28.60M $6.000M
YoY Change -733.33% -30.07% -170.59%
Interest Expense $95.90M $216.7M $16.70M
YoY Change 474.25% 351.46% 198.21%
% of Operating Profit 278.33%
Other Income/Expense, Net $800.0K $7.600M $300.0K
YoY Change 166.67% -2000.0% -250.0%
Pretax Income -$132.7M -$305.7M -$10.80M
YoY Change 1128.7% 250.57% -24.48%
Income Tax -$69.60M -$90.90M -$900.0K
% Of Pretax Income
Net Earnings -$63.10M -$191.1M -$9.900M
YoY Change 537.37% 200.47% -6.6%
Net Earnings / Revenue -1.89% -2.51% -1.19%
Basic Earnings Per Share -$0.58 -$2.65 -$0.77
Diluted Earnings Per Share -$0.58 -$2.65 -$0.77
COMMON SHARES
Basic Shares Outstanding 108.4M shares 92.80M shares 64.45M shares
Diluted Shares Outstanding 92.80M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.0M $290.0M $644.0M
YoY Change -54.97% -54.97% 2827.27%
Cash & Equivalents $289.8M $290.0M $644.1M
Short-Term Investments
Other Short-Term Assets $401.0M $186.0M $36.00M
YoY Change 1013.89% 1228.57% 386.49%
Inventory $48.90M $49.00M $1.300M
Prepaid Expenses $142.3M $13.20M
Receivables $2.266B $2.266B $543.8M
Other Receivables $94.00M $167.0M $5.400M
Total Short-Term Assets $2.957B $2.957B $1.224B
YoY Change 141.62% 141.58% 619.94%
LONG-TERM ASSETS
Property, Plant & Equipment $2.852B $2.852B $221.9M
YoY Change 1185.35% 1184.68% 292.05%
Goodwill $4.611B $929.3M
YoY Change 396.14% 155.72%
Intangibles $1.877B $341.5M
YoY Change 449.49% 84.4%
Long-Term Investments
YoY Change
Other Assets $233.1M $347.0M $23.60M
YoY Change 887.71% 951.52% 713.79%
Total Long-Term Assets $9.686B $9.686B $1.526B
YoY Change 534.94% 535.15% 150.0%
TOTAL ASSETS
Total Short-Term Assets $2.957B $2.957B $1.224B
Total Long-Term Assets $9.686B $9.686B $1.526B
Total Assets $12.64B $12.64B $2.749B
YoY Change 359.85% 359.91% 252.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.064B $1.064B $252.7M
YoY Change 320.93% 320.55% 253.92%
Accrued Expenses $1.226B $1.226B $108.0M
YoY Change 1035.19% 1035.19% 414.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $135.3M $135.0M $1.800M
YoY Change 7416.67% 6650.0% -10.0%
Total Short-Term Liabilities $2.694B $2.694B $381.1M
YoY Change 607.01% 607.09% 283.79%
LONG-TERM LIABILITIES
Long-Term Debt $5.273B $5.273B $580.3M
YoY Change 808.6% 809.14% 219.37%
Other Long-Term Liabilities $369.5M $682.0M $58.40M
YoY Change 532.71% 1075.86% 107.83%
Total Long-Term Liabilities $6.888B $5.955B $713.2M
YoY Change 865.79% 833.39% 216.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.694B $2.694B $381.1M
Total Long-Term Liabilities $6.888B $5.955B $713.2M
Total Liabilities $9.582B $9.926B $1.094B
YoY Change 775.66% 807.31% 237.43%
SHAREHOLDERS EQUITY
Retained Earnings -$465.0M -$219.1M
YoY Change 112.23% 96.15%
Common Stock $100.0K $100.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares
Shareholders Equity $2.717B $2.717B $1.655B
YoY Change
Total Liabilities & Shareholders Equity $12.64B $12.64B $2.749B
YoY Change 359.85% 359.91% 252.4%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$63.10M -$191.1M -$9.900M
YoY Change 537.37% 200.47% -6.6%
Depreciation, Depletion And Amortization $173.0M $203.0M $34.50M
YoY Change 401.45% 467.04% 279.12%
Cash From Operating Activities $51.40M $90.80M -$8.000M
YoY Change -742.5% -526.29% 66.67%
INVESTING ACTIVITIES
Capital Expenditures -$134.6M $249.0M -$23.00M
YoY Change 485.22% 458.3% 350.98%
Acquisitions $3.887B
YoY Change 377.52%
Other Investing Activities -$2.256B $0.00 -$400.0K
YoY Change 563800.0% -100.0% -99.62%
Cash From Investing Activities -$2.390B -$4.085B -$23.40M
YoY Change 10114.53% 375.99% -79.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.260B
YoY Change 11.38%
Debt Paid & Issued, Net $1.216B
YoY Change
Cash From Financing Activities 1.343B 3.645B -4.600M
YoY Change -29289.13% 142.64% -106.52%
NET CHANGE
Cash From Operating Activities 51.40M $90.80M -8.000M
Cash From Investing Activities -2.390B -$4.085B -23.40M
Cash From Financing Activities 1.343B 3.645B -4.600M
Net Change In Cash -996.1M -$3.995B -36.00M
YoY Change 2666.94% 354.14% -21.4%
FREE CASH FLOW
Cash From Operating Activities $51.40M $90.80M -$8.000M
Capital Expenditures -$134.6M $249.0M -$23.00M
Free Cash Flow $186.0M -$158.2M $15.00M
YoY Change 1140.0% 140.06% 4900.0%

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74300000 USD
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242000000 USD
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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65200000 USD
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13200000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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125400000 USD
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7100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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67600000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
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65300000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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74500000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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933300000 USD
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110500000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
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655000000 USD
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DeferredTaxLiabilitiesOtherFiniteLivedAssets
41900000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
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541700000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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6700000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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58300000 USD
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13000000 USD
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20800000 USD
CY2014 us-gaap Depreciation And Amortization
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98300000 USD
CY2015 us-gaap Depreciation And Amortization
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364900000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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6700000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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35800000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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203000000 USD
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8800000 USD
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0 USD
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
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0 USD
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0 USD
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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0 USD
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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8200000 USD
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8800000 USD
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0 USD
CY2015Q4 us-gaap Derivative Liabilities Current
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5200000 USD
CY2015Q4 us-gaap Derivative Liability Notional Amount
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6400000 USD
CY2014Q1 us-gaap Direct Operating Costs
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27200000 USD
CY2014Q3 us-gaap Direct Operating Costs
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CY2014Q4 us-gaap Direct Operating Costs
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CY2014 us-gaap Direct Operating Costs
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CY2015Q1 us-gaap Direct Operating Costs
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CY2015Q3 us-gaap Direct Operating Costs
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CY2015Q4 us-gaap Direct Operating Costs
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CY2015 us-gaap Direct Operating Costs
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CY2014 us-gaap Dividends Cash
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CY2015 us-gaap Dividends Cash
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CY2014 us-gaap Earnings Per Share Basic
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CY2015Q4 us-gaap Earnings Per Share Basic
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CY2015 us-gaap Earnings Per Share Basic
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CY2014Q4 us-gaap Earnings Per Share Diluted
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CY2014 us-gaap Earnings Per Share Diluted
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-2.00
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-0.20
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CY2015 us-gaap Earnings Per Share Diluted
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0 USD
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.317
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.291
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.322
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.014
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.032
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.002
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.011
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.017
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.037
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.007
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.022
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.003
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.005
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.020
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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0.022
CY2014Q4 us-gaap Employee Related Liabilities Current
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CY2015Q4 us-gaap Employee Related Liabilities Current
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38700000 USD
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CY2015Q4 us-gaap Finite Lived Customer Lists Gross
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74600000 USD
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224500000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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201300000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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166600000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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172700000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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187400000 USD
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341500000 USD
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CY2014Q4 us-gaap Finite Lived Noncompete Agreements Gross
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9800000 USD
CY2015Q4 us-gaap Finite Lived Noncompete Agreements Gross
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18700000 USD
CY2014Q4 us-gaap Finite Lived Trade Names Gross
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15400000 USD
CY2015Q4 us-gaap Finite Lived Trade Names Gross
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51000000 USD
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0 USD
CY2014Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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0 USD
CY2014Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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0 USD
CY2014Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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0 USD
CY2014Q4 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2015Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2015Q4 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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400000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2013 us-gaap Foreign Currency Transaction Gain Loss Realized
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900000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2015 us-gaap Foreign Currency Transaction Gain Loss Realized
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400000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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CY2013 us-gaap Gain Loss On Disposition Of Assets1
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200000 USD
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106600000 USD
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CY2015 us-gaap Gain Loss On Disposition Of Assets1
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11800000 USD
CY2013 us-gaap General And Administrative Expense
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169500000 USD
CY2014Q1 us-gaap General And Administrative Expense
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CY2014Q4 us-gaap General And Administrative Expense
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CY2014 us-gaap General And Administrative Expense
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CY2015Q1 us-gaap General And Administrative Expense
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CY2015Q2 us-gaap General And Administrative Expense
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220400000 USD
CY2015Q3 us-gaap General And Administrative Expense
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282400000 USD
CY2015Q4 us-gaap General And Administrative Expense
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494800000 USD
CY2015 us-gaap General And Administrative Expense
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CY2013Q4 us-gaap Goodwill
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CY2014Q4 us-gaap Goodwill
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CY2015Q4 us-gaap Goodwill
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CY2014 us-gaap Goodwill Acquired During Period
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566200000 USD
CY2015 us-gaap Goodwill Acquired During Period
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3735500000 USD
CY2014 us-gaap Goodwill Other Changes
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CY2015 us-gaap Goodwill Other Changes
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CY2015 us-gaap Goodwill Translation Adjustments
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-60800000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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23200000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-900000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9500000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-90900000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
200000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2300000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14500000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
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5200000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
53900000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
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-51300000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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37000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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143900000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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-7800000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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4200000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
28800000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
43500000 USD
CY2013 us-gaap Increase Decrease In Income Taxes
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100000 USD
CY2014 us-gaap Increase Decrease In Income Taxes
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2100000 USD
CY2015 us-gaap Increase Decrease In Income Taxes
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-29200000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3000000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7100000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6100000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
6900642 shares
CY2014 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
8202468 shares
CY2015 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
8574412 shares
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2014 us-gaap Interest Expense
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
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19100000 USD
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34.05
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800000 USD
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0.0140
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P70M
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38.79
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10400000 USD
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138200000 USD
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66100000 USD
CY2014Q4 xpo Accrued Restricted Stock Cash Settlements Current
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0 USD
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19300000 USD
CY2014Q4 xpo Accrued Value Added Taxand Other Taxes Current
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1300000 USD
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19.69
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31.30
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1000 USD
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60.8467
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1.3
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0.045
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1
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0 USD
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0 USD
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27100000 USD
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55600000 USD
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-0.011
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0.000
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12100000 USD
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12100000 USD
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223000000 EUR
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0 USD
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4900000 USD
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324600000 USD
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CY2015Q2 xpo Numberof Investment Agreements
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CY2014Q4 xpo Other Current Liabilities Current Other
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6200000 USD
CY2015Q4 xpo Other Current Liabilities Current Other
OtherCurrentLiabilitiesCurrentOther
46000000 USD
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0 USD
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29500000 USD
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OtherLiabilitiesEarnOutLiabilityRelatedtoAcquisitionCurrent
0 USD
CY2015Q4 xpo Other Liabilities Earn Out Liability Relatedto Acquisition Current
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21800000 USD
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363600000 USD
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784200000 USD
CY2015Q4 xpo Revolving Credit Facility Interest Rate
RevolvingCreditFacilityInterestRate
0.0264
CY2015 xpo Revolving Credit Facility Term
RevolvingCreditFacilityTerm
P60M
CY2013Q3 xpo Shares Issued And Sold As Result Of Full Exercise Of Underwriters Overallotment Option Per Share Amount
SharesIssuedAndSoldAsResultOfFullExerciseOfUnderwritersOverallotmentOptionPerShareAmount
22.75
CY2014Q1 xpo Shares Issued And Sold As Result Of Full Exercise Of Underwriters Overallotment Option Per Share Amount
SharesIssuedAndSoldAsResultOfFullExerciseOfUnderwritersOverallotmentOptionPerShareAmount
25.00
CY2014 xpo Stock Issued During Period Value Stock Options Warrants And Other Exercises
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CY2015 xpo Stock Issued During Period Value Stock Options Warrants And Other Exercises
StockIssuedDuringPeriodValueStockOptionsWarrantsAndOtherExercises
2900000 USD
CY2015Q4 xpo Unrecognized Tax Benefit That Would Not Impact Effective Tax Rate
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3400000 USD
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;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%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the reporting period. The Company reviews its estimates on a regular basis and makes adjustments based on historical experience and existing and expected future conditions. Estimates are made with respect to, among other matters, recognition of revenue, costs of transportation and services, direct operating expenses, recoverability of long-lived assets, valuation of acquired assets and liabilities, impairment of goodwill, estimated legal accruals, estimated restructuring accruals, valuation allowances for deferred taxes, reserve for uncertain tax positions, probability of achieving performance targets for vesting of performance-based restricted stock units, self-insurance accruals, pension plan and postretirement obligations, and allowance for doubtful accounts. These evaluations are performed and adjustments are made as information is available. Management believes that these estimates, which have been discussed with the Audit Committee of the Company&#8217;s Board of Directors, are reasonable; however, actual results could differ from these estimates.</font></div></div>

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xpo-20151231_def.xml Edgar Link unprocessable
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xpo-20151231_pre.xml Edgar Link unprocessable
xpo201510-k.htm Edgar Link pending
xpo201510-kexx1025.htm Edgar Link pending
xpo201510-kexx21.htm Edgar Link pending
xpo201510-kexx23.htm Edgar Link pending
xpo201510-kexx311.htm Edgar Link pending
xpo201510-kexx312.htm Edgar Link pending
xpo201510-kexx321.htm Edgar Link pending
xpo201510-kexx322.htm Edgar Link pending