2017 Q2 Form 10-Q Financial Statement

#000000496217000071 Filed on July 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $9.172B $8.235B
YoY Change 11.38% 348.29%
Cost Of Revenue $2.716B $2.197B
YoY Change 23.62% 2.38%
Gross Profit $6.632B $6.188B
YoY Change 7.18% -0.94%
Gross Profit Margin 72.31% 75.14%
Selling, General & Admin $3.850B $3.385B
YoY Change 13.74% 6.92%
% of Gross Profit 58.05% 54.7%
Research & Development $57.00M
YoY Change -31.33%
% of Gross Profit 0.92%
Depreciation & Amortization $319.0M $275.0M
YoY Change 16.0% 4.56%
% of Gross Profit 4.81% 4.44%
Operating Expenses $4.674B $57.00M
YoY Change 8100.0% -31.33%
Operating Profit $1.958B $6.131B
YoY Change -68.06% -0.54%
Interest Expense $521.0M $436.0M
YoY Change 19.5% 5.31%
% of Operating Profit 26.61% 7.11%
Other Income/Expense, Net
YoY Change
Pretax Income $1.957B $3.016B
YoY Change -35.11% 35.25%
Income Tax $613.0M $1.001B
% Of Pretax Income 31.32% 33.19%
Net Earnings $1.344B $2.015B
YoY Change -33.3% 36.8%
Net Earnings / Revenue 14.65% 24.47%
Basic Earnings Per Share $1.48 $2.11
Diluted Earnings Per Share $1.47 $2.10
COMMON SHARES
Basic Shares Outstanding 890.0M shares 938.0M shares
Diluted Shares Outstanding 893.0M shares 941.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.07B $33.19B
YoY Change -12.41% 58.56%
Cash & Equivalents $30.76B $30.38B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $48.93B $44.80B
Other Receivables $2.832B $2.697B
Total Short-Term Assets $80.83B $80.69B
YoY Change 0.18% 18.32%
LONG-TERM ASSETS
Property, Plant & Equipment $4.445B $4.210B
YoY Change 5.58% 4.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.730B $4.469B
YoY Change 5.84% -5.38%
Other Assets $55.00M $35.00M
YoY Change 57.14% -97.78%
Total Long-Term Assets $86.17B $79.31B
YoY Change 8.64% -10.84%
TOTAL ASSETS
Total Short-Term Assets $80.83B $80.69B
Total Long-Term Assets $86.17B $79.31B
Total Assets $167.0B $160.0B
YoY Change 4.38% 1.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.11B $11.73B
YoY Change 3.21% 6.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.426B $2.343B
YoY Change 46.22% -47.77%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $73.26B $68.48B
YoY Change 6.98% 9.2%
LONG-TERM LIABILITIES
Long-Term Debt $51.95B $50.65B
YoY Change 2.56% -3.96%
Other Long-Term Liabilities $20.62B $19.81B
YoY Change 4.11% -0.07%
Total Long-Term Liabilities $72.56B $70.45B
YoY Change 2.99% -2.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.26B $68.48B
Total Long-Term Liabilities $72.56B $70.45B
Total Liabilities $145.8B $138.9B
YoY Change 4.96% 2.71%
SHAREHOLDERS EQUITY
Retained Earnings $10.97B $10.28B
YoY Change 6.71% 0.79%
Common Stock $177.0M $185.0M
YoY Change -4.32% -7.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.18B $21.00B
YoY Change
Total Liabilities & Shareholders Equity $167.0B $159.6B
YoY Change 4.61% 1.58%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $1.344B $2.015B
YoY Change -33.3% 36.8%
Depreciation, Depletion And Amortization $319.0M $275.0M
YoY Change 16.0% 4.56%
Cash From Operating Activities $3.124B $731.0M
YoY Change 327.36% -66.39%
INVESTING ACTIVITIES
Capital Expenditures -$261.0M -$347.0M
YoY Change -24.78% 23.49%
Acquisitions
YoY Change
Other Investing Activities -$4.596B $8.845B
YoY Change -151.96% -261.7%
Cash From Investing Activities -$4.857B $8.498B
YoY Change -157.15% -247.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.769B -470.0M
YoY Change -689.15% -144.63%
NET CHANGE
Cash From Operating Activities 3.124B 731.0M
Cash From Investing Activities -4.857B 8.498B
Cash From Financing Activities 2.769B -470.0M
Net Change In Cash 1.036B 8.759B
YoY Change -88.17% -447.17%
FREE CASH FLOW
Cash From Operating Activities $3.124B $731.0M
Capital Expenditures -$261.0M -$347.0M
Free Cash Flow $3.385B $1.078B
YoY Change 214.01% -56.11%

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