2018 Q4 Form 10-Q Financial Statement

#000000496218000121 Filed on October 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $10.47B $10.14B $9.290B
YoY Change 7.9% 9.19% 19.5%
Cost Of Revenue $3.388B $3.202B $2.731B
YoY Change 17.44% 17.25% 36.96%
Gross Profit $7.463B $7.282B $6.772B
YoY Change 5.66% 7.53% 14.2%
Gross Profit Margin 71.25% 71.79% 72.9%
Selling, General & Admin $4.325B $3.970B $3.772B
YoY Change 8.18% 5.25% 13.61%
% of Gross Profit 57.95% 54.52% 55.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $286.0M $322.0M $338.0M
YoY Change -22.28% -4.73% 23.36%
% of Gross Profit 3.83% 4.42% 4.99%
Operating Expenses $5.666B $5.161B $4.925B
YoY Change 7.49% 4.79% 7142.65%
Operating Profit $1.797B $2.121B $1.847B
YoY Change 0.28% 14.83% -68.49%
Interest Expense $34.00M $777.0M $568.0M
YoY Change 466.67% 36.8% 32.09%
% of Operating Profit 1.89% 36.63% 30.75%
Other Income/Expense, Net
YoY Change
Pretax Income $1.831B $2.118B $1.831B
YoY Change 1.84% 15.67% 5.53%
Income Tax $317.0M $464.0M $472.0M
% Of Pretax Income 17.31% 21.91% 25.78%
Net Earnings $2.010B $1.654B $1.359B
YoY Change -266.67% 21.71% 19.0%
Net Earnings / Revenue 19.19% 16.31% 14.63%
Basic Earnings Per Share $2.33 $1.89 $1.51
Diluted Earnings Per Share $2.32 $1.88 $1.51
COMMON SHARES
Basic Shares Outstanding 854.3M shares 858.0M shares 878.0M shares
Diluted Shares Outstanding 860.0M shares 881.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.28B $30.18B $24.88B
YoY Change -16.98% 21.3% -2.48%
Cash & Equivalents $27.81B $31.26B $28.26B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $55.32B $54.97B $51.00B
Other Receivables $2.907B $3.160B $2.701B
Total Short-Term Assets $85.51B $88.31B $78.58B
YoY Change -4.56% 12.38% 7.88%
LONG-TERM ASSETS
Property, Plant & Equipment $4.416B $4.295B $4.367B
YoY Change 2.01% -1.65% 1.53%
Goodwill $3.072B
YoY Change 2.09%
Intangibles
YoY Change
Long-Term Investments $4.813B $6.123B $4.539B
YoY Change 49.06% 34.9% -4.16%
Other Assets $1.043B $783.0M $1.816B
YoY Change 1.96% -56.88% 196.73%
Total Long-Term Assets $103.5B $100.7B $90.42B
YoY Change 13.22% 11.36% 12.8%
TOTAL ASSETS
Total Short-Term Assets $85.51B $88.31B $78.58B
Total Long-Term Assets $103.5B $100.7B $90.42B
Total Assets $189.0B $189.0B $169.0B
YoY Change 4.42% 11.83% 10.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.26B $15.61B $12.24B
YoY Change -16.39% 27.49% 7.63%
Accrued Expenses
YoY Change
Deferred Revenue $743.0M
YoY Change
Short-Term Debt $3.100B $2.292B $2.352B
YoY Change -5.43% -2.55% -17.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.32B $87.20B $75.88B
YoY Change 3.55% 14.91% 12.03%
LONG-TERM LIABILITIES
Long-Term Debt $58.42B $55.30B $48.76B
YoY Change 4.69% 13.41% 8.62%
Other Long-Term Liabilities $22.57B $25.13B $22.85B
YoY Change -8.77% 10.01% 15.79%
Total Long-Term Liabilities $81.00B $80.43B $71.61B
YoY Change 0.56% 12.32% 10.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.32B $87.20B $75.88B
Total Long-Term Liabilities $81.00B $80.43B $71.61B
Total Liabilities $166.3B $167.6B $147.5B
YoY Change 2.07% 13.65% 11.43%
SHAREHOLDERS EQUITY
Retained Earnings $12.50B $11.52B $10.91B
YoY Change 50.46% 5.62% 2.32%
Common Stock $170.0M $171.0M $175.0M
YoY Change -1.16% -2.29% -4.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 2.700M shares
Shareholders Equity $22.29B $21.46B $21.09B
YoY Change
Total Liabilities & Shareholders Equity $188.6B $189.1B $168.6B
YoY Change 4.09% 12.17% 9.91%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $2.010B $1.654B $1.359B
YoY Change -266.67% 21.71% 19.0%
Depreciation, Depletion And Amortization $286.0M $322.0M $338.0M
YoY Change -22.28% -4.73% 23.36%
Cash From Operating Activities -$1.252B $5.086B $4.297B
YoY Change -125.25% 18.36% 145.4%
INVESTING ACTIVITIES
Capital Expenditures -$439.0M -$335.0M -$274.0M
YoY Change 75.6% 22.26% -15.95%
Acquisitions
YoY Change
Other Investing Activities -$5.005B -$5.455B -$4.277B
YoY Change -46.15% 27.54% 154.28%
Cash From Investing Activities -$5.444B -$5.790B -$4.551B
YoY Change -42.96% 27.22% 126.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.240B 626.0M -2.391B
YoY Change -66.47% -126.18% -65.76%
NET CHANGE
Cash From Operating Activities -1.252B 5.086B 4.297B
Cash From Investing Activities -5.444B -5.790B -4.551B
Cash From Financing Activities 3.240B 626.0M -2.391B
Net Change In Cash -3.456B -78.00M -2.645B
YoY Change -168.09% -97.05% -63.47%
FREE CASH FLOW
Cash From Operating Activities -$1.252B $5.086B $4.297B
Capital Expenditures -$439.0M -$335.0M -$274.0M
Free Cash Flow -$813.0M $5.421B $4.571B
YoY Change -115.61% 18.6% 120.08%

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