2018 Q3 Form 10-K Financial Statement

#000032019318000145 Filed on November 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2018 Q1
Revenue $62.90B $53.27B $61.14B
YoY Change 19.63% 0.7%
Cost Of Revenue $38.82B $32.84B $37.72B
YoY Change 39.03% 1.67%
Gross Profit $24.08B $20.42B $23.42B
YoY Change 20.84% -0.83%
Gross Profit Margin 38.29% 38.34% 38.31%
Selling, General & Admin $4.216B $4.108B $4.150B
YoY Change 11.45% 10.49%
% of Gross Profit 17.51% 20.12% 17.72%
Research & Development $3.750B $3.701B $3.378B
YoY Change 27.68% 33.32%
% of Gross Profit 15.57% 18.12% 14.42%
Depreciation & Amortization $2.754B $2.665B $2.739B
YoY Change 16.99% 14.28%
% of Gross Profit 11.43% 13.05% 11.69%
Operating Expenses $7.966B $7.809B $7.528B
YoY Change 18.54% 20.25%
Operating Profit $16.12B $12.61B $15.89B
YoY Change 49.68% -10.53%
Interest Expense $443.0M $846.0M $792.0M
YoY Change -26.41% 59.62%
% of Operating Profit 2.75% 6.71% 4.98%
Other Income/Expense, Net -$140.0M $672.0M $274.0M
YoY Change -125.93% 14.48%
Pretax Income $16.42B $13.28B $16.17B
YoY Change 45.22% -9.53%
Income Tax $3.396B $1.765B $2.346B
% Of Pretax Income 20.68% 13.29% 14.51%
Net Earnings $14.13B $11.52B $13.82B
YoY Change 31.84% 4.44%
Net Earnings / Revenue 22.46% 21.63% 22.61%
Basic Earnings Per Share $2.94 $2.36 $2.75
Diluted Earnings Per Share $2.91 $2.34 $2.73
COMMON SHARES
Basic Shares Outstanding 4.830B shares 4.882B shares 5.025B shares
Diluted Shares Outstanding 4.927B shares 5.068B shares

Balance Sheet

Concept 2018 Q3 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.30B $70.97B $87.94B
YoY Change -13.62% 5.77%
Cash & Equivalents $25.91B $31.97B $45.06B
Short-Term Investments $40.39B $39.00B $42.88B
Other Short-Term Assets $12.09B $12.49B $12.04B
YoY Change -13.27% 9.86%
Inventory $3.956B $5.936B $7.662B
Prepaid Expenses
Receivables $23.19B $14.10B $14.32B
Other Receivables $25.81B $12.26B $8.084B
Total Short-Term Assets $131.3B $115.8B $130.1B
YoY Change 2.09% 13.5%
LONG-TERM ASSETS
Property, Plant & Equipment $41.30B $38.12B $35.08B
YoY Change 22.26% 40.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $170.8B $172.8B $179.3B
YoY Change -7.55% -8.94%
Other Assets $22.28B $22.55B $23.09B
YoY Change 22.59% 198.66%
Total Long-Term Assets $234.4B $233.4B $237.4B
YoY Change -4.98% 0.38%
TOTAL ASSETS
Total Short-Term Assets $131.3B $115.8B $130.1B
Total Long-Term Assets $234.4B $233.4B $237.4B
Total Assets $365.7B $349.2B $367.5B
YoY Change -2.56% 4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.89B $38.49B $34.31B
YoY Change 26.32% 34.7%
Accrued Expenses $25.18B $26.76B
YoY Change 9.04%
Deferred Revenue $5.966B
YoY Change
Short-Term Debt $11.96B $11.97B $11.98B
YoY Change -0.13% 19.84%
Long-Term Debt Due $8.784B $5.498B $8.498B
YoY Change 35.22% 37.48%
Total Short-Term Liabilities $115.9B $88.55B $89.32B
YoY Change 14.99% 20.73%
LONG-TERM LIABILITIES
Long-Term Debt $93.74B $97.13B $101.4B
YoY Change -3.57% 14.9%
Other Long-Term Liabilities $48.91B $45.69B $46.86B
YoY Change 21.03% 15.77%
Total Long-Term Liabilities $142.6B $142.8B $148.2B
YoY Change 1.56% 15.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $115.9B $88.55B $89.32B
Total Long-Term Liabilities $142.6B $142.8B $148.2B
Total Liabilities $258.6B $234.2B $240.6B
YoY Change 7.17% 16.86%
SHAREHOLDERS EQUITY
Retained Earnings $70.40B $79.44B $91.90B
YoY Change -28.4% -21.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.1B $114.9B $126.9B
YoY Change
Total Liabilities & Shareholders Equity $365.7B $349.2B $367.5B
YoY Change -2.56% 4.38%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $14.13B $11.52B $13.82B
YoY Change 31.84% 4.44%
Depreciation, Depletion And Amortization $2.754B $2.665B $2.739B
YoY Change 16.99% 14.28%
Cash From Operating Activities $19.52B $14.49B $15.13B
YoY Change 139.9% 15.26%
INVESTING ACTIVITIES
Capital Expenditures -$3.041B -$3.267B -$4.041B
YoY Change 22.33% 13.08%
Acquisitions
YoY Change
Other Investing Activities $40.00M $7.214B $32.75B
YoY Change -105.76% -163.77%
Cash From Investing Activities -$3.001B $3.947B $28.71B
YoY Change -5.63% -127.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.58B -31.52B -26.27B
YoY Change 1362.44% -7641.39%
NET CHANGE
Cash From Operating Activities 19.52B 14.49B 15.13B
Cash From Investing Activities -3.001B 3.947B 28.71B
Cash From Financing Activities -22.58B -31.52B -26.27B
Net Change In Cash -6.058B -13.09B 17.57B
YoY Change -277.45% 978.09%
FREE CASH FLOW
Cash From Operating Activities $19.52B $14.49B $15.13B
Capital Expenditures -$3.041B -$3.267B -$4.041B
Free Cash Flow $22.56B $17.76B $19.17B
YoY Change 112.39% 14.85%

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<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 years 2018 and 2016 spanned 52 weeks each, whereas fiscal year 2017 included 53 weeks. 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. 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>

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