2018 Q4 Form 10-Q Financial Statement

#000032019319000010 Filed on January 30, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $84.31B $88.29B $52.58B
YoY Change -4.51% 12.69% 12.22%
Cost Of Revenue $52.28B $54.38B $27.92B
YoY Change -3.87% 12.88% -3.85%
Gross Profit $32.03B $33.91B $19.93B
YoY Change -5.55% 12.38% 11.89%
Gross Profit Margin 37.99% 38.41% 37.91%
Selling, General & Admin $4.783B $4.231B $3.783B
YoY Change 13.05% 7.22% 8.64%
% of Gross Profit 14.93% 12.48% 18.98%
Research & Development $3.902B $3.407B $2.937B
YoY Change 14.53% 18.67% 14.28%
% of Gross Profit 12.18% 10.05% 14.74%
Depreciation & Amortization $3.395B $2.745B $2.354B
YoY Change 23.68% -8.1% -7.61%
% of Gross Profit 10.6% 8.09% 11.81%
Operating Expenses $8.685B $7.638B $6.720B
YoY Change 13.71% 12.04% 11.04%
Operating Profit $23.35B $26.27B $10.77B
YoY Change -11.14% 12.48% -8.44%
Interest Expense $890.0M $734.0M $602.0M
YoY Change 21.25% 5.01% 2.73%
% of Operating Profit 3.81% 2.79% 5.59%
Other Income/Expense, Net $560.0M $756.0M $540.0M
YoY Change -25.93% 519.67% -439.62%
Pretax Income $23.91B $27.03B $11.31B
YoY Change -11.56% 11.79% -7.22%
Income Tax $3.941B $6.965B $2.591B
% Of Pretax Income 16.49% 25.77% 22.91%
Net Earnings $19.97B $20.07B $10.71B
YoY Change -0.5% 12.15% 18.86%
Net Earnings / Revenue 23.68% 22.73% 20.38%
Basic Earnings Per Share $1.05 $3.92 $2.08
Diluted Earnings Per Share $1.05 $3.89 $2.07
COMMON SHARES
Basic Shares Outstanding 4.736B shares 5.113B shares 5.195B shares
Diluted Shares Outstanding 4.773B shares 5.158B shares 5.233B shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.43B $77.15B $76.76B
YoY Change 12.02% 27.63% 14.3%
Cash & Equivalents $44.77B $27.49B $20.29B
Short-Term Investments $41.66B $49.66B $58.19B
Other Short-Term Assets $12.43B $11.34B $13.94B
YoY Change 9.66% -7.01% 68.25%
Inventory $4.988B $4.421B $4.855B
Prepaid Expenses
Receivables $18.08B $23.44B $17.87B
Other Receivables $18.90B $27.46B $10.23B
Total Short-Term Assets $140.8B $143.8B $128.6B
YoY Change -2.07% 39.17% 20.38%
LONG-TERM ASSETS
Property, Plant & Equipment $39.60B $33.68B $33.78B
YoY Change 17.57% 27.04% 25.08%
Goodwill $5.889B $5.717B
YoY Change 8.59% 5.6%
Intangibles $2.149B $2.298B
YoY Change -24.54% -28.32%
Long-Term Investments $158.6B $207.9B $184.8B
YoY Change -23.73% 12.02% 8.41%
Other Assets $34.69B $13.32B $18.18B
YoY Change 160.35% 80.28% 107.57%
Total Long-Term Assets $232.9B $263.0B $246.7B
YoY Change -11.44% 15.44% 14.83%
TOTAL ASSETS
Total Short-Term Assets $140.8B $143.8B $128.6B
Total Long-Term Assets $232.9B $263.0B $246.7B
Total Assets $373.7B $406.8B $375.3B
YoY Change -8.13% 22.85% 16.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.29B $62.99B $44.24B
YoY Change -29.68% 63.55% 18.63%
Accrued Expenses $26.28B $25.74B
YoY Change 10.71% 16.87%
Deferred Revenue $5.546B
YoY Change
Short-Term Debt $11.97B $11.98B $11.98B
YoY Change -0.09% 14.17% 47.81%
Long-Term Debt Due $9.772B $6.498B $6.496B
YoY Change 50.38% 85.71% 85.6%
Total Short-Term Liabilities $108.3B $115.8B $100.8B
YoY Change -6.48% 37.63% 27.6%
LONG-TERM LIABILITIES
Long-Term Debt $92.99B $103.9B $97.21B
YoY Change -10.52% 41.28% 28.88%
Other Long-Term Liabilities $54.56B $43.75B $40.42B
YoY Change 24.69% 15.44% 12.03%
Total Long-Term Liabilities $147.5B $147.7B $140.5B
YoY Change -0.09% 32.49% 25.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $108.3B $115.8B $100.8B
Total Long-Term Liabilities $147.5B $147.7B $140.5B
Total Liabilities $255.8B $266.6B $241.3B
YoY Change -4.04% 34.14% 24.73%
SHAREHOLDERS EQUITY
Retained Earnings $80.51B $104.6B $98.33B
YoY Change -23.03% 4.59% 2.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.9B $140.2B $134.0B
YoY Change
Total Liabilities & Shareholders Equity $373.7B $406.8B $375.3B
YoY Change -8.13% 22.85% 16.67%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $19.97B $20.07B $10.71B
YoY Change -0.5% 12.15% 18.86%
Depreciation, Depletion And Amortization $3.395B $2.745B $2.354B
YoY Change 23.68% -8.1% -7.61%
Cash From Operating Activities $26.69B $28.29B $8.138B
YoY Change -5.67% 3.89% -49.53%
INVESTING ACTIVITIES
Capital Expenditures $3.355B $2.810B -$2.486B
YoY Change 19.4% -182.16% -38.43%
Acquisitions $167.0M $173.0M
YoY Change -3.47%
Other Investing Activities $56.00M $43.00M -$694.0M
YoY Change 30.23% -100.27% -79.34%
Cash From Investing Activities $5.844B -$13.59B -$3.180B
YoY Change -143.0% -28.93% -57.01%
FINANCING ACTIVITIES
Cash Dividend Paid $3.568B $3.339B
YoY Change 6.86%
Common Stock Issuance & Retirement, Net $8.796B $10.10B
YoY Change -12.87%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$13.68B -$7.501B -1.544B
YoY Change 82.32% -38.64% -76.18%
NET CHANGE
Cash From Operating Activities $26.69B $28.29B 8.138B
Cash From Investing Activities $5.844B -$13.59B -3.180B
Cash From Financing Activities -$13.68B -$7.501B -1.544B
Net Change In Cash $18.86B $7.202B 3.414B
YoY Change 161.84% -275.1% 51.94%
FREE CASH FLOW
Cash From Operating Activities $26.69B $28.29B $8.138B
Capital Expenditures $3.355B $2.810B -$2.486B
Free Cash Flow $23.34B $25.48B $10.62B
YoY Change -8.43% -16.87% -47.31%

Facts In Submission

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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. A 14th week is included in the first fiscal quarter every five or six years to realign the Company&#8217;s fiscal quarters with calendar quarters. The Company&#8217;s fiscal years 2019 and 2018 span 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>

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