2016 Q4 Form 10-Q Financial Statement

#000003877717000010 Filed on January 27, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $1.561B $1.758B
YoY Change -11.22% -14.84%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $581.6M $680.0M
YoY Change -14.47% -17.2%
% of Gross Profit
Research & Development $51.70M $51.20M
YoY Change 0.98% 0.0%
% of Gross Profit
Depreciation & Amortization $19.90M $22.60M
YoY Change -11.95% -9.24%
% of Gross Profit
Operating Expenses $973.9M $1.104B
YoY Change -11.82% -13.87%
Operating Profit $586.9M $653.6M
YoY Change -10.21% -16.42%
Interest Expense $13.30M $12.00M
YoY Change 10.83% 6.19%
% of Operating Profit 2.27% 1.84%
Other Income/Expense, Net $32.80M $18.50M
YoY Change 77.3% -54.21%
Pretax Income $619.7M $672.1M
YoY Change -7.8% -18.28%
Income Tax $200.9M $209.7M
% Of Pretax Income 32.42% 31.2%
Net Earnings $440.2M $447.8M
YoY Change -1.7% -20.94%
Net Earnings / Revenue 28.2% 25.47%
Basic Earnings Per Share $0.77 $0.74
Diluted Earnings Per Share $0.77 $0.74
COMMON SHARES
Basic Shares Outstanding 565.1M shares 597.6M shares
Diluted Shares Outstanding 565.2M shares 597.7M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.455B $8.269B
YoY Change 2.25% 4.87%
Cash & Equivalents $8.455B $8.269B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $930.0M $864.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.385B $9.133B
YoY Change 2.76% 3.64%
LONG-TERM ASSETS
Property, Plant & Equipment $512.5M $507.1M
YoY Change 1.06% -3.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $816.0M $701.7M
YoY Change 16.29% 7.61%
Other Assets $100.0M
YoY Change 28.21%
Total Long-Term Assets $6.825B $7.023B
YoY Change -2.81% -6.18%
TOTAL ASSETS
Total Short-Term Assets $9.385B $9.133B
Total Long-Term Assets $6.825B $7.023B
Total Assets $16.21B $16.16B
YoY Change 0.34% -0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $215.0M $229.0M
YoY Change -6.11% 18.04%
Accrued Expenses $192.0M $210.0M
YoY Change -8.57% -12.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $713.0M $741.0M
YoY Change -3.78% -28.2%
LONG-TERM LIABILITIES
Long-Term Debt $1.735B $2.120B
YoY Change -18.16% 0.95%
Other Long-Term Liabilities $523.0M $583.0M
YoY Change -10.29% -13.88%
Total Long-Term Liabilities $2.258B $2.703B
YoY Change -16.46% -2.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $713.0M $741.0M
Total Long-Term Liabilities $2.258B $2.703B
Total Liabilities $3.122B $3.681B
YoY Change -15.19% -9.51%
SHAREHOLDERS EQUITY
Retained Earnings $12.33B $12.06B
YoY Change 2.16% 3.37%
Common Stock $56.60M $59.50M
YoY Change -4.87% -4.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.96B $11.78B
YoY Change
Total Liabilities & Shareholders Equity $16.21B $16.16B
YoY Change 0.34% -0.87%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $440.2M $447.8M
YoY Change -1.7% -20.94%
Depreciation, Depletion And Amortization $19.90M $22.60M
YoY Change -11.95% -9.24%
Cash From Operating Activities $446.2M $295.2M
YoY Change 51.15% -48.43%
INVESTING ACTIVITIES
Capital Expenditures $12.80M $19.10M
YoY Change -32.98% 18.63%
Acquisitions
YoY Change
Other Investing Activities $3.600M $108.3M
YoY Change -96.68% 1.59%
Cash From Investing Activities -$58.40M $89.20M
YoY Change -165.47% -1.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $256.2M $381.5M
YoY Change -32.84% 152.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$365.9M -$463.4M
YoY Change -21.04% 41.32%
NET CHANGE
Cash From Operating Activities $446.2M $295.2M
Cash From Investing Activities -$58.40M $89.20M
Cash From Financing Activities -$365.9M -$463.4M
Net Change In Cash $21.90M -$79.00M
YoY Change -127.72% -123.58%
FREE CASH FLOW
Cash From Operating Activities $446.2M $295.2M
Capital Expenditures $12.80M $19.10M
Free Cash Flow $433.4M $276.1M
YoY Change 56.97% -50.37%

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CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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565100000 shares

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