2019 Q1 Form 10-Q Financial Statement

#000000296919000029 Filed on April 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $2.188B $2.156B
YoY Change 1.48% 8.87%
Cost Of Revenue $1.475B $1.507B
YoY Change -2.11% 7.32%
Gross Profit $713.0M $649.2M
YoY Change 9.83% 12.65%
Gross Profit Margin 32.59% 30.12%
Selling, General & Admin $190.0M $194.6M
YoY Change -2.36% 9.57%
% of Gross Profit 26.65% 29.98%
Research & Development $16.90M $14.50M
YoY Change 16.55% -2.03%
% of Gross Profit 2.37% 2.23%
Depreciation & Amortization $262.1M $240.0M
YoY Change 9.21% 13.31%
% of Gross Profit 36.76% 36.97%
Operating Expenses $206.9M $209.1M
YoY Change -1.05% 8.68%
Operating Profit $516.5M $455.4M
YoY Change 13.42% 15.12%
Interest Expense $35.40M $30.40M
YoY Change 16.45% -0.33%
% of Operating Profit 6.85% 6.68%
Other Income/Expense, Net $13.70M $11.10M
YoY Change 23.42% 109.43%
Pretax Income $541.0M $479.8M
YoY Change 12.76% 18.59%
Income Tax $107.5M $56.20M
% Of Pretax Income 19.87% 11.71%
Net Earnings $421.3M $416.4M
YoY Change 1.18% -80.45%
Net Earnings / Revenue 19.26% 19.32%
Basic Earnings Per Share $1.91 $1.90
Diluted Earnings Per Share $1.90 $1.89
COMMON SHARES
Basic Shares Outstanding 220.2M shares 219.4M shares
Diluted Shares Outstanding 221.4M shares 220.8M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.739B $3.204B
YoY Change -14.51% -2.7%
Cash & Equivalents $2.736B $3.067B
Short-Term Investments $3.000M $137.0M
Other Short-Term Assets $387.5M $370.5M
YoY Change 4.59% 2.35%
Inventory $408.3M $339.9M
Prepaid Expenses $102.4M $131.2M
Receivables $1.259B $1.252B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.895B $5.396B
YoY Change -9.29% 1.93%
LONG-TERM ASSETS
Property, Plant & Equipment $10.19B $8.818B
YoY Change 15.61% 7.56%
Goodwill $811.9M $815.0M
YoY Change -0.38% -1.47%
Intangibles $418.6M $444.4M
YoY Change -5.81% 17.69%
Long-Term Investments $1.279B $1.306B
YoY Change -2.07% 0.77%
Other Assets $671.0M $603.6M
YoY Change 11.17% -17.34%
Total Long-Term Assets $14.35B $13.11B
YoY Change 9.41% 4.27%
TOTAL ASSETS
Total Short-Term Assets $4.895B $5.396B
Total Long-Term Assets $14.35B $13.11B
Total Assets $19.24B $18.51B
YoY Change 3.96% 3.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.460B $1.495B
YoY Change -2.34% 6.79%
Accrued Expenses
YoY Change
Deferred Revenue $194.2M
YoY Change
Short-Term Debt $54.10M $112.5M
YoY Change -51.91% -8.01%
Long-Term Debt Due $435.0M $12.00M
YoY Change 3525.0% -97.15%
Total Short-Term Liabilities $2.073B $1.752B
YoY Change 18.3% -32.66%
LONG-TERM LIABILITIES
Long-Term Debt $3.302B $3.442B
YoY Change -4.07% 4.29%
Other Long-Term Liabilities $1.561B $1.924B
YoY Change -18.87% 1.35%
Total Long-Term Liabilities $5.668B $6.066B
YoY Change -6.55% 3.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.073B $1.752B
Total Long-Term Liabilities $5.668B $6.066B
Total Liabilities $7.741B $7.818B
YoY Change -0.98% -7.49%
SHAREHOLDERS EQUITY
Retained Earnings $13.66B $12.97B
YoY Change 5.36% 2.16%
Common Stock $1.297B $1.261B
YoY Change 2.89% 2.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.049B $2.111B
YoY Change -2.96% -4.31%
Treasury Stock Shares 29.32M shares 30.26M shares
Shareholders Equity $11.17B $10.58B
YoY Change
Total Liabilities & Shareholders Equity $19.24B $18.51B
YoY Change 3.96% 3.58%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $421.3M $416.4M
YoY Change 1.18% -80.45%
Depreciation, Depletion And Amortization $262.1M $240.0M
YoY Change 9.21% 13.31%
Cash From Operating Activities $630.6M $541.9M
YoY Change 16.37% -410.9%
INVESTING ACTIVITIES
Capital Expenditures -$560.1M -$315.9M
YoY Change 77.3% 7.82%
Acquisitions
YoY Change
Other Investing Activities -$95.50M $278.6M
YoY Change -134.28% -88.14%
Cash From Investing Activities -$655.6M -$37.30M
YoY Change 1657.64% -101.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -170.0M -174.5M
YoY Change -2.58% -74.61%
NET CHANGE
Cash From Operating Activities 630.6M 541.9M
Cash From Investing Activities -655.6M -37.30M
Cash From Financing Activities -170.0M -174.5M
Net Change In Cash -195.0M 330.1M
YoY Change -159.07% -72.36%
FREE CASH FLOW
Cash From Operating Activities $630.6M $541.9M
Capital Expenditures -$560.1M -$315.9M
Free Cash Flow $1.191B $857.8M
YoY Change 38.81% 622.66%

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