2017 Q4 Form 10-Q Financial Statement

#000000496217000105 Filed on October 24, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $9.707B $9.290B $7.774B
YoY Change 21.0% 19.5% 308.3%
Cost Of Revenue $2.885B $2.731B $1.994B
YoY Change -9.33% 36.96% -7.39%
Gross Profit $7.063B $6.772B $5.930B
YoY Change -14.98% 14.2% -3.81%
Gross Profit Margin 72.76% 72.9% 76.28%
Selling, General & Admin $3.998B $3.772B $3.320B
YoY Change -32.59% 13.61% -0.98%
% of Gross Profit 56.6% 55.7% 55.99%
Research & Development $68.00M
YoY Change -19.05%
% of Gross Profit 1.15%
Depreciation & Amortization $368.0M $338.0M $274.0M
YoY Change 29.12% 23.36% 3.01%
% of Gross Profit 5.21% 4.99% 4.62%
Operating Expenses $5.271B $4.925B $68.00M
YoY Change -28.51% 7142.65% -19.05%
Operating Profit $1.792B $1.847B $5.862B
YoY Change 91.86% -68.49% -3.6%
Interest Expense $6.000M $568.0M $430.0M
YoY Change -166.67% 32.09% 7.77%
% of Operating Profit 0.33% 30.75% 7.34%
Other Income/Expense, Net
YoY Change
Pretax Income $1.798B $1.831B $1.735B
YoY Change 54.87% 5.53% -10.47%
Income Tax $404.0M $472.0M $593.0M
% Of Pretax Income 22.47% 25.78% 34.18%
Net Earnings -$1.206B $1.359B $1.142B
YoY Change -246.18% 19.0% -9.79%
Net Earnings / Revenue -12.42% 14.63% 14.69%
Basic Earnings Per Share -$1.42 $1.51 $1.21
Diluted Earnings Per Share -$1.42 $1.51 $1.20
COMMON SHARES
Basic Shares Outstanding 868.0M shares 878.0M shares 920.0M shares
Diluted Shares Outstanding 881.0M shares 923.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.86B $24.88B $25.51B
YoY Change 36.58% -2.48% 31.99%
Cash & Equivalents $33.26B $28.26B $22.99B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $53.53B $51.00B $44.82B
Other Receivables $3.209B $2.701B $2.510B
Total Short-Term Assets $89.59B $78.58B $72.84B
YoY Change 20.86% 7.88% 10.81%
LONG-TERM ASSETS
Property, Plant & Equipment $4.329B $4.367B $4.301B
YoY Change -2.35% 1.53% 6.67%
Goodwill $3.009B
YoY Change 2.8%
Intangibles
YoY Change
Long-Term Investments $3.229B $4.539B $4.736B
YoY Change -25.05% -4.16% 3.95%
Other Assets $1.023B $1.816B $612.0M
YoY Change 257.69% 196.73% -18.18%
Total Long-Term Assets $91.41B $90.42B $80.16B
YoY Change 7.7% 12.8% -9.18%
TOTAL ASSETS
Total Short-Term Assets $89.59B $78.58B $72.84B
Total Long-Term Assets $91.41B $90.42B $80.16B
Total Assets $181.0B $169.0B $153.0B
YoY Change 13.84% 10.46% -0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.66B $12.24B $11.37B
YoY Change 30.98% 7.63% 0.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.278B $2.352B $2.861B
YoY Change -41.27% -17.79% -94.55%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.39B $75.88B $67.73B
YoY Change 18.01% 12.03% 6.16%
LONG-TERM LIABILITIES
Long-Term Debt $55.80B $48.76B $44.89B
YoY Change 18.76% 8.62% -7.73%
Other Long-Term Liabilities $24.74B $22.85B $19.73B
YoY Change 14.61% 15.79% -3.4%
Total Long-Term Liabilities $80.55B $71.61B $64.63B
YoY Change 17.45% 10.81% -6.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.39B $75.88B $67.73B
Total Long-Term Liabilities $80.55B $71.61B $64.63B
Total Liabilities $162.9B $147.5B $132.4B
YoY Change 17.73% 11.43% -0.39%
SHAREHOLDERS EQUITY
Retained Earnings $8.307B $10.91B $10.66B
YoY Change -19.9% 2.32% 6.34%
Common Stock $172.0M $175.0M $184.0M
YoY Change -4.97% -4.89% -6.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 2.900M shares
Shareholders Equity $18.26B $21.09B $21.00B
YoY Change
Total Liabilities & Shareholders Equity $181.2B $168.6B $153.4B
YoY Change 14.04% 9.91% -0.54%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$1.206B $1.359B $1.142B
YoY Change -246.18% 19.0% -9.79%
Depreciation, Depletion And Amortization $368.0M $338.0M $274.0M
YoY Change 29.12% 23.36% 3.01%
Cash From Operating Activities $4.959B $4.297B $1.751B
YoY Change 48.47% 145.4% -53.59%
INVESTING ACTIVITIES
Capital Expenditures -$250.0M -$274.0M -$326.0M
YoY Change -37.5% -15.95% -4.68%
Acquisitions
YoY Change
Other Investing Activities -$9.295B -$4.277B -$1.682B
YoY Change 16.09% 154.28% -397.7%
Cash From Investing Activities -$9.545B -$4.551B -$2.008B
YoY Change 13.54% 126.64% -1000.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.662B -2.391B -6.984B
YoY Change 159.8% -65.76% 40.07%
NET CHANGE
Cash From Operating Activities 4.959B 4.297B 1.751B
Cash From Investing Activities -9.545B -4.551B -2.008B
Cash From Financing Activities 9.662B -2.391B -6.984B
Net Change In Cash 5.076B -2.645B -7.241B
YoY Change -476.56% -63.47% 631.41%
FREE CASH FLOW
Cash From Operating Activities $4.959B $4.297B $1.751B
Capital Expenditures -$250.0M -$274.0M -$326.0M
Free Cash Flow $5.209B $4.571B $2.077B
YoY Change 39.28% 120.08% -49.53%

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<div><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:BentonSans Regular;font-size:9pt;margin-left:0pt;' >The Company&#8217;s </font><font style='font-family:BentonSans Regular;font-size:9pt;' >recognition of these instruments is at fair value. In addition, the Company establishes reserves when a loss is probable a</font><font style='font-family:BentonSans Regular;font-size:9pt;' >nd the amount can be reasonably estimated.</font></p></div>
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