2018 Q3 Form 10-Q Financial Statement

#000000620118000039 Filed on October 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $11.56B $10.88B
YoY Change 6.26% 2.68%
Cost Of Revenue $4.695B $3.830B
YoY Change 22.58% 7.86%
Gross Profit $6.864B $7.135B
YoY Change -3.8% 1.31%
Gross Profit Margin 59.38% 65.59%
Selling, General & Admin $4.023B $3.894B
YoY Change 3.31% 9.81%
% of Gross Profit 58.61% 54.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $544.0M $512.0M
YoY Change 6.25% 7.34%
% of Gross Profit 7.93% 7.18%
Operating Expenses $5.970B $5.772B
YoY Change 3.43% 8.54%
Operating Profit $685.0M $1.256B
YoY Change -45.46% -12.23%
Interest Expense $262.0M $266.0M
YoY Change -1.5% 6.4%
% of Operating Profit 38.25% 21.18%
Other Income/Expense, Net -$189.0M -$193.0M
YoY Change -2.07% -20.25%
Pretax Income $496.0M $1.063B
YoY Change -53.34% -10.6%
Income Tax $124.0M $402.0M
% Of Pretax Income 25.0% 37.82%
Net Earnings $372.0M $661.0M
YoY Change -43.72% -10.31%
Net Earnings / Revenue 3.22% 6.08%
Basic Earnings Per Share $0.81 $1.36
Diluted Earnings Per Share $0.81 $1.36
COMMON SHARES
Basic Shares Outstanding 460.5M shares 484.8M shares
Diluted Shares Outstanding 461.5M shares 486.6M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.866B $5.768B
YoY Change -15.64% -14.61%
Cash & Equivalents $314.0M $444.0M
Short-Term Investments $4.552B $5.428B
Other Short-Term Assets $897.0M $1.219B
YoY Change -26.42% -18.19%
Inventory $1.576B $1.315B
Prepaid Expenses
Receivables $2.170B $1.700B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.498B $10.00B
YoY Change -5.04% -9.47%
LONG-TERM ASSETS
Property, Plant & Equipment $34.22B $33.31B
YoY Change 2.74% 9.92%
Goodwill $4.091B $4.091B
YoY Change 0.0% 0.0%
Intangibles $2.147B $2.214B
YoY Change -3.03% 1.14%
Long-Term Investments $211.0M
YoY Change
Other Assets $8.914B $9.088B
YoY Change -1.91% -6.85%
Total Long-Term Assets $43.14B $42.40B
YoY Change 1.74% 5.84%
TOTAL ASSETS
Total Short-Term Assets $9.498B $10.00B
Total Long-Term Assets $43.14B $42.40B
Total Assets $52.64B $52.40B
YoY Change 0.45% 2.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.886B $1.638B
YoY Change 15.14% -2.09%
Accrued Expenses $3.687B $3.656B
YoY Change 0.85% 1.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.493B $2.467B
YoY Change 1.05% 37.21%
Total Short-Term Liabilities $16.35B $15.31B
YoY Change 6.8% 5.33%
LONG-TERM LIABILITIES
Long-Term Debt $22.27B $22.22B
YoY Change 0.26% 3.12%
Other Long-Term Liabilities $2.366B $3.462B
YoY Change -31.66% 28.32%
Total Long-Term Liabilities $36.86B $33.15B
YoY Change 11.19% 2.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.35B $15.31B
Total Long-Term Liabilities $36.86B $33.15B
Total Liabilities $53.20B $48.45B
YoY Change 9.8% 3.72%
SHAREHOLDERS EQUITY
Retained Earnings -$316.0M $3.152B
YoY Change -110.03% 124.66%
Common Stock $4.951B $5.923B
YoY Change -16.41% -23.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$395.0M $3.948B
YoY Change
Total Liabilities & Shareholders Equity $52.64B $52.40B
YoY Change 0.45% 2.53%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $372.0M $661.0M
YoY Change -43.72% -10.31%
Depreciation, Depletion And Amortization $544.0M $512.0M
YoY Change 6.25% 7.34%
Cash From Operating Activities -$77.00M $369.0M
YoY Change -120.87% -65.32%
INVESTING ACTIVITIES
Capital Expenditures -$1.005B -$1.369B
YoY Change -26.59% 13.33%
Acquisitions
YoY Change
Other Investing Activities $457.0M $1.554B
YoY Change -70.59% 361.13%
Cash From Investing Activities -$548.0M $185.0M
YoY Change -396.22% -121.24%
FINANCING ACTIVITIES
Cash Dividend Paid $46.00M $49.00M
YoY Change -6.12% -7.55%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 634.0M -599.0M
YoY Change -205.84% 132.17%
NET CHANGE
Cash From Operating Activities -77.00M 369.0M
Cash From Investing Activities -548.0M 185.0M
Cash From Financing Activities 634.0M -599.0M
Net Change In Cash 9.000M -45.00M
YoY Change -120.0% -30.77%
FREE CASH FLOW
Cash From Operating Activities -$77.00M $369.0M
Capital Expenditures -$1.005B -$1.369B
Free Cash Flow $928.0M $1.738B
YoY Change -46.61% -23.5%

Facts In Submission

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us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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