2018 Q1 Form 10-Q Financial Statement

#000002321718000004 Filed on April 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.995B $1.981B
YoY Change 0.67% -9.92%
Cost Of Revenue $1.396B $1.360B
YoY Change 2.61% -13.88%
Gross Profit $598.8M $621.0M
YoY Change -3.57% 0.19%
Gross Profit Margin 30.02% 31.34%
Selling, General & Admin $352.1M $349.7M
YoY Change 0.69% -21.77%
% of Gross Profit 58.8% 56.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.50M $57.50M
YoY Change -3.48% -17.15%
% of Gross Profit 9.27% 9.26%
Operating Expenses $352.1M $349.7M
YoY Change 0.69% -21.77%
Operating Profit $355.2M $376.5M
YoY Change -5.66% 15.95%
Interest Expense -$39.30M -$44.30M
YoY Change -11.29% -39.97%
% of Operating Profit -11.06% -11.77%
Other Income/Expense, Net -$300.0K
YoY Change
Pretax Income $228.8M $225.6M
YoY Change 1.42% 134.02%
Income Tax -$91.40M $67.90M
% Of Pretax Income -39.95% 30.1%
Net Earnings $362.8M $179.7M
YoY Change 101.89% -12.17%
Net Earnings / Revenue 18.19% 9.07%
Basic Earnings Per Share $0.91 $0.42
Diluted Earnings Per Share $0.90 $0.41
COMMON SHARES
Basic Shares Outstanding 399.1M shares 431.7M shares
Diluted Shares Outstanding 402.5M shares 436.4M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.0M $684.0M
YoY Change -80.56% 35.98%
Cash & Equivalents $132.9M $683.6M
Short-Term Investments
Other Short-Term Assets $253.3M $207.7M
YoY Change 21.95% -38.11%
Inventory $1.017B $1.046B
Prepaid Expenses
Receivables $603.0M $601.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.058B $2.539B
YoY Change -18.94% -28.02%
LONG-TERM ASSETS
Property, Plant & Equipment $1.627B $1.656B
YoY Change -1.72% -37.42%
Goodwill $4.507B $4.252B
YoY Change 6.0% -9.19%
Intangibles $1.300B $1.253B
YoY Change 3.77% -8.65%
Long-Term Investments
YoY Change
Other Assets $853.6M $797.6M
YoY Change 7.02% -16.92%
Total Long-Term Assets $8.405B $7.960B
YoY Change 5.59% -17.6%
TOTAL ASSETS
Total Short-Term Assets $2.058B $2.539B
Total Long-Term Assets $8.405B $7.960B
Total Assets $10.46B $10.50B
YoY Change -0.34% -20.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $869.6M $690.1M
YoY Change 26.01% -31.52%
Accrued Expenses $690.0M $740.0M
YoY Change -6.76% -25.18%
Deferred Revenue
YoY Change
Short-Term Debt $352.0M $4.000M
YoY Change 8700.0% -89.19%
Long-Term Debt Due $77.00M $129.0M
YoY Change -40.31% -76.96%
Total Short-Term Liabilities $1.991B $1.565B
YoY Change 27.21% -40.17%
LONG-TERM LIABILITIES
Long-Term Debt $3.233B $2.842B
YoY Change 13.76% -42.04%
Other Long-Term Liabilities $1.430B $1.788B
YoY Change -20.03% -7.62%
Total Long-Term Liabilities $1.430B $1.788B
YoY Change -20.03% -7.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.991B $1.565B
Total Long-Term Liabilities $1.430B $1.788B
Total Liabilities $6.654B $6.195B
YoY Change 7.41% -34.48%
SHAREHOLDERS EQUITY
Retained Earnings $4.759B $4.171B
YoY Change 14.09% 29.91%
Common Stock $4.013B $4.005B
YoY Change 0.21% 1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.876B $3.683B
YoY Change 32.38% 15.99%
Treasury Stock Shares 174.4M shares 142.4M shares
Shareholders Equity $3.721B $4.221B
YoY Change
Total Liabilities & Shareholders Equity $10.46B $10.50B
YoY Change -0.34% -20.38%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $362.8M $179.7M
YoY Change 101.89% -12.17%
Depreciation, Depletion And Amortization $55.50M $57.50M
YoY Change -3.48% -17.15%
Cash From Operating Activities $421.6M $304.3M
YoY Change 38.55% -35.54%
INVESTING ACTIVITIES
Capital Expenditures -$52.50M -$40.20M
YoY Change 30.6% -33.77%
Acquisitions
YoY Change
Other Investing Activities -$82.60M $1.200M
YoY Change -6983.33% -99.95%
Cash From Investing Activities -$135.1M -$39.00M
YoY Change 246.41% -101.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -237.5M -1.026B
YoY Change -76.85% -59.06%
NET CHANGE
Cash From Operating Activities 421.6M 304.3M
Cash From Investing Activities -135.1M -39.00M
Cash From Financing Activities -237.5M -1.026B
Net Change In Cash 49.00M -760.8M
YoY Change -106.44% -265.64%
FREE CASH FLOW
Cash From Operating Activities $421.6M $304.3M
Capital Expenditures -$52.50M -$40.20M
Free Cash Flow $474.1M $344.5M
YoY Change 37.62% -35.34%

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2900000 USD
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us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications and other changes </font><font style="font-family:inherit;font-size:10pt;">&#8212; Certain prior year amounts have been reclassified to conform with current year presentation.</font></div></div>
us-gaap Use Of Estimates
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