2019 Q1 Form 10-Q Financial Statement

#000155115219000016 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $7.828B $7.934B
YoY Change -1.34% 21.35%
Cost Of Revenue $1.694B $1.927B
YoY Change -12.09% 19.25%
Gross Profit $6.134B $6.007B
YoY Change 2.11% 22.04%
Gross Profit Margin 78.36% 75.71%
Selling, General & Admin $1.680B $1.791B
YoY Change -6.2% 30.44%
% of Gross Profit 27.39% 29.82%
Research & Development $1.289B $1.244B
YoY Change 3.62% 8.93%
% of Gross Profit 21.01% 20.71%
Depreciation & Amortization $118.0M $115.0M
YoY Change 2.61% 11.65%
% of Gross Profit 1.92% 1.91%
Operating Expenses $2.969B $3.035B
YoY Change -2.17% 20.68%
Operating Profit $3.010B $2.903B
YoY Change 3.69% 20.61%
Interest Expense $387.0M $309.0M
YoY Change 25.24% 13.19%
% of Operating Profit 12.86% 10.64%
Other Income/Expense, Net -$135.0M $153.0M
YoY Change -188.24% -350.82%
Pretax Income $2.544B $2.797B
YoY Change -9.05% 34.08%
Income Tax $88.00M $14.00M
% Of Pretax Income 3.46% 0.5%
Net Earnings $2.456B $2.783B
YoY Change -11.75% 62.65%
Net Earnings / Revenue 31.37% 35.08%
Basic Earnings Per Share $1.65 $1.74
Diluted Earnings Per Share $1.65 $1.74
COMMON SHARES
Basic Shares Outstanding 1.480B shares 1.591B shares
Diluted Shares Outstanding 1.483B shares 1.596B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.228B $9.474B
YoY Change -44.82% 51.63%
Cash & Equivalents $4.897B $9.007B
Short-Term Investments $331.0M $467.0M
Other Short-Term Assets $1.803B $3.391B
YoY Change -46.83% 6.13%
Inventory $1.702B $1.738B
Prepaid Expenses
Receivables $5.680B $5.841B
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.41B $20.44B
YoY Change -29.5% 31.5%
LONG-TERM ASSETS
Property, Plant & Equipment $2.860B $2.828B
YoY Change 1.13% 8.27%
Goodwill $15.61B $15.88B
YoY Change -1.73% 2.52%
Intangibles $20.85B $27.23B
YoY Change -23.44% -4.89%
Long-Term Investments $1.477B $2.057B
YoY Change -28.2% -3.11%
Other Assets $1.567B $903.0M
YoY Change 73.53% -28.5%
Total Long-Term Assets $42.36B $48.90B
YoY Change -13.38% -2.43%
TOTAL ASSETS
Total Short-Term Assets $14.41B $20.44B
Total Long-Term Assets $42.36B $48.90B
Total Assets $56.77B $69.34B
YoY Change -18.13% 5.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.67B $10.55B
YoY Change 10.59% 26.16%
Accrued Expenses $110.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $499.0M $367.0M
YoY Change 35.97% -8.25%
Long-Term Debt Due $1.579B $6.014B
YoY Change -73.74% 23956.0%
Total Short-Term Liabilities $13.90B $17.06B
YoY Change -18.49% 92.88%
LONG-TERM LIABILITIES
Long-Term Debt $35.07B $30.91B
YoY Change 13.46% -15.39%
Other Long-Term Liabilities $14.51B $15.52B
YoY Change -6.52% 82.62%
Total Long-Term Liabilities $49.58B $46.43B
YoY Change 6.78% 3.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.90B $17.06B
Total Long-Term Liabilities $49.58B $46.43B
Total Liabilities $64.60B $65.79B
YoY Change -1.81% 8.44%
SHAREHOLDERS EQUITY
Retained Earnings $4.234B $4.977B
YoY Change -14.93% -1.7%
Common Stock $14.94B $14.52B
YoY Change 2.9% 4.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.50B $13.33B
YoY Change 83.8% 16.63%
Treasury Stock Shares 302.6M shares 188.7M shares
Shareholders Equity -$7.826B $3.553B
YoY Change
Total Liabilities & Shareholders Equity $56.77B $69.34B
YoY Change -18.13% 5.6%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $2.456B $2.783B
YoY Change -11.75% 62.65%
Depreciation, Depletion And Amortization $118.0M $115.0M
YoY Change 2.61% 11.65%
Cash From Operating Activities $3.017B $2.645B
YoY Change 14.06% 25.83%
INVESTING ACTIVITIES
Capital Expenditures $107.0M $119.0M
YoY Change -10.08% 25.26%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$328.0M
YoY Change -100.0% -44.31%
Cash From Investing Activities -$27.00M -$447.0M
YoY Change -93.96% -34.65%
FINANCING ACTIVITIES
Cash Dividend Paid $1.588B $1.137B
YoY Change 39.67% 10.71%
Common Stock Issuance & Retirement, Net $620.0M $1.431B
YoY Change -56.67% 59.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.383B -$2.509B
YoY Change 114.55% 39.86%
NET CHANGE
Cash From Operating Activities $3.017B $2.645B
Cash From Investing Activities -$27.00M -$447.0M
Cash From Financing Activities -$5.383B -$2.509B
Net Change In Cash -$2.392B -$311.0M
YoY Change 669.13% -17.29%
FREE CASH FLOW
Cash From Operating Activities $3.017B $2.645B
Capital Expenditures $107.0M $119.0M
Free Cash Flow $2.910B $2.526B
YoY Change 15.2% 25.86%

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