2016 Q3 Form 10-Q Financial Statement

#000087504516000071 Filed on October 26, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $2.956B $2.778B
YoY Change 6.4% 10.61%
Cost Of Revenue $416.9M $310.0M
YoY Change 34.48% 2.43%
Gross Profit $2.539B $2.468B
YoY Change 2.88% 11.73%
Gross Profit Margin 85.9% 88.84%
Selling, General & Admin $462.7M $477.8M
YoY Change -3.16% -16.24%
% of Gross Profit 18.22% 19.36%
Research & Development $529.0M $519.9M
YoY Change 1.75% 24.62%
% of Gross Profit 20.84% 21.07%
Depreciation & Amortization $180.2M $151.6M
YoY Change 18.87% -13.57%
% of Gross Profit 7.1% 6.14%
Operating Expenses $991.7M $997.7M
YoY Change -0.6% 1.02%
Operating Profit $1.425B $1.372B
YoY Change 3.9% 19.02%
Interest Expense $66.00M $15.60M
YoY Change 323.08% 110.81%
% of Operating Profit 4.63% 1.14%
Other Income/Expense, Net -$58.10M -$15.40M
YoY Change 277.27% -5.46%
Pretax Income $1.367B $1.356B
YoY Change 0.8% 19.37%
Income Tax $337.0M $330.1M
% Of Pretax Income 24.65% 24.34%
Net Earnings $1.033B $965.6M
YoY Change 6.97% 12.69%
Net Earnings / Revenue 34.94% 34.76%
Basic Earnings Per Share $4.72 $4.16
Diluted Earnings Per Share $4.71 $4.15
COMMON SHARES
Basic Shares Outstanding 218.9M shares 232.2M shares
Diluted Shares Outstanding 219.4M shares 232.6M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.316B $5.843B
YoY Change -26.13% 213.97%
Cash & Equivalents $2.085B $4.089B
Short-Term Investments $2.231B $1.753B
Other Short-Term Assets $993.1M $861.9M
YoY Change 15.22% 117.39%
Inventory $1.010B $918.9M
Prepaid Expenses
Receivables $1.468B $1.328B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.092B $9.271B
YoY Change -12.72% 112.05%
LONG-TERM ASSETS
Property, Plant & Equipment $2.387B $2.028B
YoY Change 17.71% 17.61%
Goodwill $3.420B $2.409B
YoY Change 41.96% 56.3%
Intangibles $3.870B $4.181B
YoY Change -7.45% 1.25%
Long-Term Investments $4.324B $2.834B
YoY Change 52.58% 46.92%
Other Assets $1.240B $892.2M
YoY Change 38.93% 57.77%
Total Long-Term Assets $14.01B $11.46B
YoY Change 22.31% 22.78%
TOTAL ASSETS
Total Short-Term Assets $8.092B $9.271B
Total Long-Term Assets $14.01B $11.46B
Total Assets $22.10B $20.73B
YoY Change 6.64% 51.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $274.0M $251.2M
YoY Change 9.06% 7.53%
Accrued Expenses $875.0M $832.0M
YoY Change 5.17% -1.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.000M
YoY Change 0.0% 66.67%
Total Short-Term Liabilities $2.500B $2.634B
YoY Change -5.1% 35.73%
LONG-TERM LIABILITIES
Long-Term Debt $6.530B $6.529B
YoY Change 0.02% 1017.98%
Other Long-Term Liabilities $862.1M $861.4M
YoY Change 0.08% 30.86%
Total Long-Term Liabilities $862.1M $861.4M
YoY Change 0.08% 30.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.500B $2.634B
Total Long-Term Liabilities $862.1M $861.4M
Total Liabilities $9.990B $10.16B
YoY Change -1.69% 210.44%
SHAREHOLDERS EQUITY
Retained Earnings $15.03B $12.00B
YoY Change 25.26% 42.84%
Common Stock $100.0K $124.0K
YoY Change -19.35% -3.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.612B $2.612B
YoY Change 0.0% 25.27%
Treasury Stock Shares
Shareholders Equity $12.12B $10.57B
YoY Change
Total Liabilities & Shareholders Equity $22.10B $20.73B
YoY Change 6.64% 51.26%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $1.033B $965.6M
YoY Change 6.97% 12.69%
Depreciation, Depletion And Amortization $180.2M $151.6M
YoY Change 18.87% -13.57%
Cash From Operating Activities $991.3M $895.4M
YoY Change 10.71% -2.05%
INVESTING ACTIVITIES
Capital Expenditures -$280.7M -$229.2M
YoY Change 22.47% 266.13%
Acquisitions
YoY Change
Other Investing Activities $316.9M -$760.8M
YoY Change -141.65% 59.16%
Cash From Investing Activities $36.20M -$990.0M
YoY Change -103.66% 83.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -305.3M 2.908B
YoY Change -110.5% -8383.76%
NET CHANGE
Cash From Operating Activities 991.3M 895.4M
Cash From Investing Activities 36.20M -990.0M
Cash From Financing Activities -305.3M 2.908B
Net Change In Cash 722.2M 2.813B
YoY Change -74.33% 731.26%
FREE CASH FLOW
Cash From Operating Activities $991.3M $895.4M
Capital Expenditures -$280.7M -$229.2M
Free Cash Flow $1.272B $1.125B
YoY Change 13.11% 15.14%

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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.107
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.101
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.101
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.094
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.015
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.012
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.012
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.011
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.005
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.006
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.002
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.005
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.005
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.005
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.010
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.011
us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.009
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.014
us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.013
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
270800000 USD
CY2016Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
282700000 USD
CY2015Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2800000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
8400000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3200000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10700000 USD
CY2015Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6400000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
46000000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14600000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
42500000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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70800000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
11900000 USD
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
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CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-5900000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-18800000 USD
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
274500000 USD
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
14500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
14500000 USD
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
3200000 USD
us-gaap Fair Value Measurements Changes In Valuation Techniques
FairValueMeasurementsChangesInValuationTechniques
0
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3561200000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3842600000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
347800000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
92800000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
247700000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
265600000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
301900000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
321400000 USD
CY2015Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4300000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-18800000 USD
CY2016Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4900000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2600000 USD
CY2015Q3 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
8100000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
4200000 USD
CY2016Q3 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
400000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
16600000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1100000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-300000 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
800000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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CY2015Q4 us-gaap Goodwill
Goodwill
2663800000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
3419700000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
771300000 USD
CY2016Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-15400000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1356400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3681500000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1367200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4094800000 USD
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-12500000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
330100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
904500000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
337000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1047000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
63600000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
238100000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1200000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-147400000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-174500000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-223200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
150400000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
155100000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
120500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-62100000 USD
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
7646300000 USD
CY2016Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
7712500000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4085100000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3869900000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
15600000 USD
us-gaap Interest Expense
InterestExpense
28100000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
66000000 USD
us-gaap Interest Expense
InterestExpense
195200000 USD
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
143000000 USD
CY2016Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
171100000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
893400000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
1009700000 USD
CY2015Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
40200000 USD
CY2016Q3 us-gaap Inventory Noncurrent
InventoryNoncurrent
39800000 USD
CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
213000000 USD
CY2016Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
166400000 USD
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
577600000 USD
CY2016Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
712000000 USD
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
5400000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
13000000 USD
CY2016Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
16400000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
43000000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
10129900000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
9990100000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19504800000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
22104900000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2577700000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2499700000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
6521500000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
6529600000 USD
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P15M
CY2014Q4 us-gaap Minority Interest
MinorityInterest
5000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1200000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-5400000 USD
CY2015Q2 us-gaap Minority Interest
MinorityInterest
400000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
-5800000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
2100000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
-100000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
-2700000 USD
CY2015Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
60000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
60000000 USD
CY2016Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2984800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-266600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2746100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1903100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2675700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2945800000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
965600000 USD
us-gaap Net Income Loss
NetIncomeLoss
2715400000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
1032900000 USD
us-gaap Net Income Loss
NetIncomeLoss
3053600000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
53900000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
49100000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2700000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5800000 USD
CY2015Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
200000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
100000 USD
CY2016Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
900000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15400000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-41300000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-58100000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-169400000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
6506500000 USD
CY2016Q3 us-gaap Notes Payable
NotesPayable
6516000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1371800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3722800000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1425300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4264200000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
635300000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
566800000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
836900000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
993100000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1107600000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1239600000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2200000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1600000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
19700000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-78200000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-31200000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-40100000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1300000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-17000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-23500000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-61300000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14400000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-62800000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-56400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-97900000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-76900000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4600000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1300000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2096800000 USD
CY2016Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2012000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
905800000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
862100000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-31600000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-33400000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7100000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4400000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14300000 USD
CY2015Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
49000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
156600000 USD
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
98600000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
265500000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
27400000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
12800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2998200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
348900000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
4870100000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5631700000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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198800000 USD
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0 USD
us-gaap Payments To Acquire Intangible Assets
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6300000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
110400000 USD
us-gaap Payments To Acquire Other Productive Assets
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550000000 USD
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900000000 USD
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456900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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0 USD
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550600000 USD
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0 USD
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2387900000 USD
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3363400000 USD
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2362200000 USD
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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5185800000 USD
CY2015Q3 us-gaap Profit Loss
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1019500000 USD
us-gaap Profit Loss
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2764500000 USD
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1030200000 USD
us-gaap Profit Loss
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3047800000 USD
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2187600000 USD
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1300000 USD
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2100000 USD
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2700000 USD
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21300000 USD
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CY2015Q3 us-gaap Sales Revenue Goods Net
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2391700000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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2739900000 USD
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9700000 shares
us-gaap Treasury Stock Shares Acquired
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1100000 shares
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2611700000 USD
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2611700000 USD
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24000000 USD
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662700000 USD
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538400000 USD
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400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
232600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
234700000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219400000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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232200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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234100000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
218900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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219000000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">The preparation of our condensed consolidated financial statements requires us to make estimates, judgments and assumptions that may affect the reported amounts of assets, liabilities, equity, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis we evaluate our estimates, judgments and methodologies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable, the results of which form the basis for making judgments about the carrying values of assets, liabilities and equity and the amount of revenues and expenses. Actual results may differ from these estimates under different assumptions or conditions.</font></div></div>

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biib-20160930.xml Edgar Link completed
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