2016 Q3 Form 10-K Financial Statement

#000032019317000070 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2016 Q1
Revenue $46.85B $42.36B $50.56B
YoY Change -9.03% -14.61% -12.85%
Cost Of Revenue $29.04B $26.25B $30.64B
YoY Change -6.18% -12.27% -10.82%
Gross Profit $17.81B $16.11B $19.92B
YoY Change -13.31% -18.16% -15.79%
Gross Profit Margin 38.02% 38.02% 39.4%
Selling, General & Admin $3.482B $3.441B $3.423B
YoY Change -6.02% -3.45% -1.07%
% of Gross Profit 19.55% 21.36% 17.18%
Research & Development $2.570B $2.560B $2.511B
YoY Change 15.77% 25.86% 30.92%
% of Gross Profit 14.43% 15.89% 12.6%
Depreciation & Amortization $2.548B $2.526B $2.477B
YoY Change -18.31% -18.09% -0.08%
% of Gross Profit 14.3% 15.68% 12.43%
Operating Expenses $6.052B $6.001B $5.934B
YoY Change 2.14% 7.2% 10.34%
Operating Profit $11.76B $10.11B $13.99B
YoY Change -19.57% -28.25% -23.48%
Interest Expense $586.0M $409.0M $321.0M
YoY Change -0.34% 103.48% 96.93%
% of Operating Profit 4.98% 4.05% 2.29%
Other Income/Expense, Net -$159.0M $364.0M $155.0M
YoY Change 6.71% -6.67% -45.8%
Pretax Income $12.19B $10.47B $14.14B
YoY Change -19.08% -27.67% -23.82%
Income Tax $3.174B $2.673B $3.626B
% Of Pretax Income 26.04% 25.53% 25.64%
Net Earnings $9.014B $7.796B $10.52B
YoY Change -18.97% -26.98% -22.5%
Net Earnings / Revenue 19.24% 18.41% 20.8%
Basic Earnings Per Share $1.68 $1.43 $1.91
Diluted Earnings Per Share $1.67 $1.42 $1.90
COMMON SHARES
Basic Shares Outstanding 5.388B shares 5.443B shares 5.514B shares
Diluted Shares Outstanding 5.473B shares 5.541B shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.16B $61.76B $55.28B
YoY Change 61.43% 77.96% 67.04%
Cash & Equivalents $20.48B $18.24B $21.51B
Short-Term Investments $46.67B $43.52B $33.77B
Other Short-Term Assets $8.283B $11.13B $10.20B
YoY Change -45.09% 19.81% 12.21%
Inventory $2.132B $1.831B $2.281B
Prepaid Expenses
Receivables $15.75B $11.71B $12.23B
Other Receivables $13.55B $7.328B $7.595B
Total Short-Term Assets $106.9B $93.76B $87.59B
YoY Change 19.57% 32.15% 29.02%
LONG-TERM ASSETS
Property, Plant & Equipment $27.01B $25.45B $23.20B
YoY Change 20.2% 20.33% 15.15%
Goodwill $5.414B $5.261B $5.249B
YoY Change 5.82% 4.3% 11.42%
Intangibles $3.206B $3.506B $3.843B
YoY Change -17.65% -7.22% -5.37%
Long-Term Investments $170.4B $169.8B $177.6B
YoY Change 3.88% 0.96% 10.72%
Other Assets $8.757B $7.862B $7.745B
YoY Change 61.51% 92.65% 96.72%
Total Long-Term Assets $214.8B $211.8B $217.7B
YoY Change 6.89% 4.77% 12.61%
TOTAL ASSETS
Total Short-Term Assets $106.9B $93.76B $87.59B
Total Long-Term Assets $214.8B $211.8B $217.7B
Total Assets $321.7B $305.6B $305.3B
YoY Change 10.79% 11.88% 16.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.29B $26.32B $25.10B
YoY Change 5.08% -0.59% 8.37%
Accrued Expenses $22.03B $20.82B $23.21B
YoY Change -12.53% -8.38% 1.67%
Deferred Revenue
YoY Change
Short-Term Debt $8.105B $12.50B $7.998B
YoY Change -4.64% 177.75% 110.53%
Long-Term Debt Due $3.500B $3.500B $2.500B
YoY Change 40.0% 40.0%
Total Short-Term Liabilities $79.01B $71.49B $68.27B
YoY Change -1.99% 9.5% 16.24%
LONG-TERM LIABILITIES
Long-Term Debt $75.43B $68.94B $69.37B
YoY Change 41.44% 45.38% 73.12%
Other Long-Term Liabilities $36.07B $35.57B $33.86B
YoY Change 7.92% 13.66% 13.56%
Total Long-Term Liabilities $111.5B $104.5B $103.2B
YoY Change 28.52% 32.77% 246.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.01B $71.49B $68.27B
Total Long-Term Liabilities $111.5B $104.5B $103.2B
Total Liabilities $193.4B $179.1B $174.8B
YoY Change 13.13% 21.42% 32.25%
SHAREHOLDERS EQUITY
Retained Earnings $96.36B $96.54B $102.0B
YoY Change 4.42% -1.74% 1.09%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.2B $126.5B $130.5B
YoY Change
Total Liabilities & Shareholders Equity $321.7B $305.6B $305.3B
YoY Change 10.79% 11.88% 16.88%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2016 Q1
OPERATING ACTIVITIES
Net Income $9.014B $7.796B $10.52B
YoY Change -18.97% -26.98% -22.5%
Depreciation, Depletion And Amortization $2.548B $2.526B $2.477B
YoY Change -18.31% -18.09% -0.08%
Cash From Operating Activities $16.13B $10.63B $11.60B
YoY Change 19.67% -29.05% -39.2%
INVESTING ACTIVITIES
Capital Expenditures -$4.038B -$2.905B -$2.599B
YoY Change 10.39% 39.06% 4.97%
Acquisitions
YoY Change
Other Investing Activities -$3.359B -$1.565B -$11.06B
YoY Change -247.13% -83.2% -44.29%
Cash From Investing Activities -$7.397B -$4.470B -$13.66B
YoY Change 437.96% -60.8% -38.83%
FINANCING ACTIVITIES
Cash Dividend Paid $3.071B $3.117B $2.879B
YoY Change 4.1% 4.0% 5.3%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.482B -9.441B 6.884B
YoY Change 2.91% 242.69% -495.86%
NET CHANGE
Cash From Operating Activities 16.13B 10.63B 11.60B
Cash From Investing Activities -7.397B -4.470B -13.66B
Cash From Financing Activities -6.482B -9.441B 6.884B
Net Change In Cash 2.247B -3.277B 4.825B
YoY Change -61.27% -494.82% -196.71%
FREE CASH FLOW
Cash From Operating Activities $16.13B $10.63B $11.60B
Capital Expenditures -$4.038B -$2.905B -$2.599B
Free Cash Flow $20.16B $13.54B $14.20B
YoY Change 17.69% -20.72% -34.13%

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WeightedAverageNumberOfSharesOutstandingBasic
5470820000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5217242000 shares
CY2017 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;">The Company&#8217;s fiscal year is the 52 or 53-week period that ends on the last Saturday of September. The Company&#8217;s fiscal year 2017 included 53 weeks and ended on </font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">September&#160;30, 2017</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">. A 14th week was included in the first fiscal quarter of 2017, as is done every five or six years, to realign the Company&#8217;s fiscal quarters with calendar quarters. The Company&#8217;s fiscal years 2016 and 2015 ended on </font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">September&#160;24, 2016</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;"> and </font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">September&#160;26, 2015</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">, respectively, and spanned 52 weeks each. Unless otherwise stated, references to particular years, quarters, months and periods refer to the Company&#8217;s fiscal years ended in September and the associated quarters, months and periods of those fiscal years.</font></div></div>

Files In Submission

Name View Source Status
0000320193-17-000070-index-headers.html Edgar Link completed
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0000320193-17-000070.txt Edgar Link completed
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