2018 Q2 Form 10-Q Financial Statement

#000001079518000023 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q3 2017 Q2
Revenue $4.278B $3.166B $3.035B
YoY Change 40.96% -2.01% -5.1%
Cost Of Revenue $2.262B $1.612B $1.532B
YoY Change 47.65% -3.99% -7.21%
Gross Profit $2.017B $1.554B $1.504B
YoY Change 34.11% 0.13% -2.78%
Gross Profit Margin 47.15% 49.08% 49.56%
Selling, General & Admin $1.086B $774.0M $719.0M
YoY Change 51.04% -2.76% -1.24%
% of Gross Profit 53.84% 49.81% 47.81%
Research & Development $277.0M $220.0M $186.0M
YoY Change 48.92% -13.04% -10.14%
% of Gross Profit 13.73% 14.16% 12.37%
Depreciation & Amortization $568.0M $286.0M $279.0M
YoY Change 103.58% 4.76% 2.57%
% of Gross Profit 28.16% 18.4% 18.55%
Operating Expenses $1.363B $1.000B $905.0M
YoY Change 50.61% -4.67% -3.21%
Operating Profit $512.0M $554.0M -$223.0M
YoY Change -329.6% 10.14% -143.22%
Interest Expense $182.0M -$129.0M $184.0M
YoY Change -1.09% 24.04% 89.69%
% of Operating Profit 35.55% -23.29%
Other Income/Expense, Net $310.0M $12.00M -$16.00M
YoY Change -2037.5% -29.41% 1500.0%
Pretax Income $647.0M $326.0M -$404.0M
YoY Change -260.15% 3522.22% -195.73%
Income Tax $53.00M -$1.000M -$271.0M
% Of Pretax Income 8.19% -0.31%
Net Earnings $594.0M $327.0M -$132.0M
YoY Change -550.0% 1621.05% -133.85%
Net Earnings / Revenue 13.88% 10.33% -4.35%
Basic Earnings Per Share $2.08 $1.27 -$0.75
Diluted Earnings Per Share $2.03 $1.24 -$0.75
COMMON SHARES
Basic Shares Outstanding 267.8M shares 220.8M shares
Diluted Shares Outstanding 273.9M shares 220.8M shares

Balance Sheet

Concept 2018 Q2 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.399B $14.20B $13.87B
YoY Change -89.91% 805.61% 715.34%
Cash & Equivalents $1.384B $14.18B $13.85B
Short-Term Investments $15.00M $21.00M $17.00M
Other Short-Term Assets $1.196B $871.0M $731.0M
YoY Change 63.61% 81.46% 78.73%
Inventory $2.562B $1.818B $1.829B
Prepaid Expenses
Receivables $2.243B $1.744B $1.749B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.525B $18.63B $18.21B
YoY Change -58.68% 192.65% 178.73%
LONG-TERM ASSETS
Property, Plant & Equipment $5.321B $4.638B $4.410B
YoY Change 20.66% 18.89% 15.66%
Goodwill $23.51B $7.563B $7.513B
YoY Change 212.86% 1.94% 1.19%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $984.0M $1.007B $938.0M
YoY Change 4.9% 22.21% 31.74%
Total Long-Term Assets $46.45B $19.10B $18.95B
YoY Change 145.08% -0.61% -2.71%
TOTAL ASSETS
Total Short-Term Assets $7.525B $18.63B $18.21B
Total Long-Term Assets $46.45B $19.10B $18.95B
Total Assets $53.98B $37.73B $37.17B
YoY Change 45.23% 47.48% 42.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.207B $797.0M $2.819B
YoY Change 49.24% 19.85% 6.66%
Accrued Expenses $1.393B
YoY Change -11.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.900B $203.0M $453.0M
YoY Change 319.43% -79.72% -66.47%
Total Short-Term Liabilities $6.106B $3.342B $3.273B
YoY Change 86.56% -24.05% -22.42%
LONG-TERM LIABILITIES
Long-Term Debt $20.35B $18.67B $18.56B
YoY Change 9.63% 76.94% 75.77%
Other Long-Term Liabilities $5.088B $1.609B $1.406B
YoY Change 261.88% -4.45% -31.25%
Total Long-Term Liabilities $25.44B $20.28B $19.97B
YoY Change 27.39% 65.73% 58.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.106B $3.342B $3.273B
Total Long-Term Liabilities $25.44B $20.28B $19.97B
Total Liabilities $31.54B $23.62B $23.24B
YoY Change 35.72% 41.99% 38.14%
SHAREHOLDERS EQUITY
Retained Earnings $12.97B $13.11B $12.99B
YoY Change -0.14% 3.02% 1.08%
Common Stock $16.54B $9.966B $9.933B
YoY Change 66.52% 98.29% 99.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.275B $8.427B $8.437B
YoY Change -25.63% 2.62% 2.7%
Treasury Stock Shares 118.7M shares
Shareholders Equity $21.36B $12.95B $12.59B
YoY Change
Total Liabilities & Shareholders Equity $53.98B $37.73B $37.17B
YoY Change 45.23% 47.48% 42.86%

Cashflow Statement

Concept 2018 Q2 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $594.0M $327.0M -$132.0M
YoY Change -550.0% 1621.05% -133.85%
Depreciation, Depletion And Amortization $568.0M $286.0M $279.0M
YoY Change 103.58% 4.76% 2.57%
Cash From Operating Activities $542.0M $1.126B $384.0M
YoY Change 41.15% 59.72% -53.96%
INVESTING ACTIVITIES
Capital Expenditures -$197.0M -$260.0M -$195.0M
YoY Change 1.03% -11.56% 25.81%
Acquisitions
YoY Change
Other Investing Activities $397.0M -$87.00M -$186.0M
YoY Change -313.44% 52.63% -2757.14%
Cash From Investing Activities $200.0M -$347.0M -$381.0M
YoY Change -152.49% -1.14% 157.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.400B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -616.0M -456.0M 13.29B
YoY Change -104.63% -5.98% -1999.14%
NET CHANGE
Cash From Operating Activities 542.0M 1.126B 384.0M
Cash From Investing Activities 200.0M -347.0M -381.0M
Cash From Financing Activities -616.0M -456.0M 13.29B
Net Change In Cash 126.0M 323.0M 13.30B
YoY Change -99.05% -346.56% -95078.57%
FREE CASH FLOW
Cash From Operating Activities $542.0M $1.126B $384.0M
Capital Expenditures -$197.0M -$260.0M -$195.0M
Free Cash Flow $739.0M $1.386B $579.0M
YoY Change 27.63% 38.74% -41.46%

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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Proceeds From Issuance Or Sale Of Equity
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TreasuryStockValue
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
5926000 shares
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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254934000 shares

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