2017 Q4 Form 10-K Financial Statement

#000000620119000009 Filed on February 25, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $10.60B $10.88B $11.23B
YoY Change 8.28% 2.68% 8.34%
Cost Of Revenue $3.874B $3.830B $3.723B
YoY Change 11.87% 7.86% 8.32%
Gross Profit $6.737B $7.135B $7.504B
YoY Change 7.16% 1.31% 8.35%
Gross Profit Margin 63.56% 65.59% 66.84%
Selling, General & Admin $3.879B $3.894B $3.867B
YoY Change 6.62% 9.81% 13.0%
% of Gross Profit 57.58% 54.58% 51.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.017B $512.0M $496.0M
YoY Change 10.95% 7.34% 11.21%
% of Gross Profit 29.94% 7.18% 6.61%
Operating Expenses $5.795B $5.772B $5.702B
YoY Change 5.67% 8.54% 11.59%
Operating Profit $638.0M $1.256B $1.599B
YoY Change -16.82% -12.23% -8.68%
Interest Expense -$242.0M $266.0M $263.0M
YoY Change 2.98% 6.4% 5.62%
% of Operating Profit -37.93% 21.18% 16.45%
Other Income/Expense, Net $11.00M -$193.0M -$210.0M
YoY Change -75.56% -20.25% -18.6%
Pretax Income $408.0M $1.063B $1.389B
YoY Change 15.58% -10.6% -6.97%
Income Tax $168.0M $402.0M $525.0M
% Of Pretax Income 41.18% 37.82% 37.8%
Net Earnings -$583.0M $661.0M $864.0M
YoY Change -301.73% -10.31% -9.05%
Net Earnings / Revenue -5.5% 6.08% 7.7%
Basic Earnings Per Share -$1.22 $1.36 $1.76
Diluted Earnings Per Share -$1.22 $1.36 $1.75
COMMON SHARES
Basic Shares Outstanding 477.2M shares 484.8M shares 490.8M shares
Diluted Shares Outstanding 477.2M shares 486.6M shares 493.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.169B $5.768B $6.886B
YoY Change -18.71% -14.61% -3.26%
Cash & Equivalents $398.0M $444.0M $489.0M
Short-Term Investments $4.771B $5.428B $6.500B
Other Short-Term Assets $969.0M $1.219B $1.381B
YoY Change -24.12% -18.19% -6.31%
Inventory $1.359B $1.315B $1.206B
Prepaid Expenses
Receivables $1.752B $1.700B $1.543B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.146B $10.00B $11.02B
YoY Change -11.41% -9.47% -1.5%
LONG-TERM ASSETS
Property, Plant & Equipment $34.16B $33.31B $32.99B
YoY Change 9.62% 9.92% 11.42%
Goodwill $4.091B $4.091B $4.091B
YoY Change 0.0% 0.0% 0.0%
Intangibles $2.203B $2.214B $2.224B
YoY Change 1.38% 1.14% 0.5%
Long-Term Investments
YoY Change
Other Assets $9.483B $9.088B $9.327B
YoY Change -3.15% -6.85% -9.06%
Total Long-Term Assets $43.64B $42.40B $42.32B
YoY Change 6.57% 5.84% 6.15%
TOTAL ASSETS
Total Short-Term Assets $9.146B $10.00B $11.02B
Total Long-Term Assets $43.64B $42.40B $42.32B
Total Assets $52.79B $52.40B $53.34B
YoY Change 2.95% 2.53% 4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.688B $1.638B $1.924B
YoY Change 6.03% -2.09% -1.03%
Accrued Expenses $3.953B $3.656B $3.618B
YoY Change 6.15% 1.58% -3.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.476B $2.467B $2.334B
YoY Change 33.48% 37.21% 36.09%
Total Short-Term Liabilities $15.36B $15.31B $16.11B
YoY Change 10.71% 5.33% 8.01%
LONG-TERM LIABILITIES
Long-Term Debt $22.51B $22.22B $22.53B
YoY Change 0.1% 3.12% 6.6%
Other Long-Term Liabilities $2.498B $3.462B $3.484B
YoY Change -23.98% 28.32% 30.24%
Total Long-Term Liabilities $38.21B $33.15B $33.51B
YoY Change 13.65% 2.99% 5.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.36B $15.31B $16.11B
Total Long-Term Liabilities $38.21B $33.15B $33.51B
Total Liabilities $53.57B $48.45B $49.62B
YoY Change 12.79% 3.72% 6.17%
SHAREHOLDERS EQUITY
Retained Earnings -$1.345B $3.152B $2.577B
YoY Change -182.01% 124.66% 258.41%
Common Stock $5.719B $5.923B $6.250B
YoY Change -20.88% -23.73% -25.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$780.0M $3.948B $3.715B
YoY Change
Total Liabilities & Shareholders Equity $52.79B $52.40B $53.34B
YoY Change 2.95% 2.53% 4.48%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$583.0M $661.0M $864.0M
YoY Change -301.73% -10.31% -9.05%
Depreciation, Depletion And Amortization $2.017B $512.0M $496.0M
YoY Change 10.95% 7.34% 11.21%
Cash From Operating Activities $437.0M $369.0M $1.688B
YoY Change -30.3% -65.32% -23.72%
INVESTING ACTIVITIES
Capital Expenditures -$1.408B -$1.369B -$1.480B
YoY Change -3.56% 13.33% -1.73%
Acquisitions
YoY Change
Other Investing Activities $851.0M $1.554B $86.00M
YoY Change 112.75% 361.13% -156.95%
Cash From Investing Activities -$557.0M $185.0M -$1.394B
YoY Change -47.45% -121.24% -15.87%
FINANCING ACTIVITIES
Cash Dividend Paid $49.00M $50.00M
YoY Change -7.55% -13.79%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 75.00M -599.0M -272.0M
YoY Change -79.73% 132.17% -55.04%
NET CHANGE
Cash From Operating Activities 437.0M 369.0M 1.688B
Cash From Investing Activities -557.0M 185.0M -1.394B
Cash From Financing Activities 75.00M -599.0M -272.0M
Net Change In Cash -45.00M -45.00M 22.00M
YoY Change -28.57% -30.77% -144.9%
FREE CASH FLOW
Cash From Operating Activities $437.0M $369.0M $1.688B
Capital Expenditures -$1.408B -$1.369B -$1.480B
Free Cash Flow $1.845B $1.738B $3.168B
YoY Change -11.6% -23.5% -14.82%

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41000000 USD
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26000000 USD
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3395000000 USD
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472000000 USD
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7000000 USD
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23000000 USD
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1453000000 USD
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1188000000 USD
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396000000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
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35000000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
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33000000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
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1900000000 USD
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3412000000 USD
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27000000 USD
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0 USD
CY2018 us-gaap Proceeds From Sale Of Other Investments
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207000000 USD
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5915000000 USD
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34156000000 USD
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34098000000 USD
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1752000000 USD
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1706000000 USD
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69000000 USD
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CY2017 us-gaap Severance Costs1
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CY2018 us-gaap Transfer Of Investments
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