2019 Q2 Form 10-Q Financial Statement

#000072137119000030 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $37.35B $35.23B $33.63B
YoY Change 5.67% 4.74% 5.69%
Cost Of Revenue $35.68B $33.46B $31.72B
YoY Change 6.14% 5.5% 5.41%
Gross Profit $1.674B $1.764B $1.913B
YoY Change -3.52% -7.79% 10.71%
Gross Profit Margin 4.48% 5.01% 5.69%
Selling, General & Admin $1.168B $1.097B $1.132B
YoY Change -8.03% -3.09% 17.92%
% of Gross Profit 69.77% 62.19% 59.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $241.0M $261.0M $259.0M
YoY Change -4.74% 0.77% 39.25%
% of Gross Profit 14.4% 14.8% 13.54%
Operating Expenses $1.168B $1.097B $1.132B
YoY Change -8.03% -3.09% 17.92%
Operating Profit $506.0M $432.0M $546.0M
YoY Change 8.82% -20.88% -9.75%
Interest Expense -$67.00M $75.00M $84.00M
YoY Change -14.1% -10.71% 82.61%
% of Operating Profit -13.24% 17.36% 15.38%
Other Income/Expense, Net -$2.000M $13.00M $2.000M
YoY Change -93.1% 550.0% -60.0%
Pretax Income $239.0M $370.0M $464.0M
YoY Change -120.13% -20.26% -17.73%
Income Tax $44.00M $74.00M $209.0M
% Of Pretax Income 18.41% 20.0% 45.04%
Net Earnings $194.0M $296.0M $255.0M
YoY Change -116.64% 16.08% -33.07%
Net Earnings / Revenue 0.52% 0.84% 0.76%
Basic Earnings Per Share
Diluted Earnings Per Share $651.0K $990.0K $809.5K
COMMON SHARES
Basic Shares Outstanding 298.1M shares 298.0M shares 313.0M shares
Diluted Shares Outstanding 299.0M shares 315.0M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.531B $3.438B $2.175B
YoY Change 43.56% 58.07% 58.99%
Cash & Equivalents $2.531B $3.438B $2.175B
Short-Term Investments
Other Short-Term Assets $1.946B $1.643B $1.705B
YoY Change 1.04% -3.64% -3.62%
Inventory $12.82B $12.62B $11.96B
Prepaid Expenses
Receivables $8.448B $7.879B $7.671B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.75B $25.58B $23.51B
YoY Change 4.86% 8.8% 5.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.356B $2.322B $2.521B
YoY Change -5.27% -7.89% 36.34%
Goodwill $8.378B $8.330B $10.10B
YoY Change 0.75% -17.51% 40.07%
Intangibles $3.430B $3.530B $4.201B
YoY Change -12.34% -15.97% 102.17%
Long-Term Investments
YoY Change
Other Assets $1.052B $1.045B $698.0M
YoY Change 54.25% 49.71% -7.55%
Total Long-Term Assets $15.22B $15.23B $17.52B
YoY Change -1.18% -13.08% 47.32%
TOTAL ASSETS
Total Short-Term Assets $25.75B $25.58B $23.51B
Total Long-Term Assets $15.22B $15.23B $17.52B
Total Assets $40.96B $40.81B $41.03B
YoY Change 2.53% -0.54% 20.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.54B $20.52B $18.74B
YoY Change 9.44% 9.48% 6.88%
Accrued Expenses $2.122B $1.951B $2.135B
YoY Change 5.99% -8.62% 29.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $452.0M $1.451B $551.0M
YoY Change -54.85% 163.34% -9.23%
Total Short-Term Liabilities $24.11B $23.92B $21.43B
YoY Change 5.31% 11.63% 8.24%
LONG-TERM LIABILITIES
Long-Term Debt $7.579B $7.629B $9.027B
YoY Change -5.4% -15.49% 85.97%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $7.579B $7.629B $9.027B
YoY Change -5.4% -15.49% 85.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.11B $23.92B $21.43B
Total Long-Term Liabilities $7.579B $7.629B $9.027B
Total Liabilities $34.64B $34.58B $33.49B
YoY Change 2.19% 3.24% 21.67%
SHAREHOLDERS EQUITY
Retained Earnings $5.434B $5.386B $5.958B
YoY Change 16.99% -9.6% 23.05%
Common Stock $2.763B $2.748B $2.710B
YoY Change 1.21% 1.4% 0.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.790B $1.793B $1.126B
YoY Change 46.24% 59.24% 51.34%
Treasury Stock Shares 28.00M shares 29.00M shares 11.00M shares
Shareholders Equity $6.328B $6.230B $7.537B
YoY Change
Total Liabilities & Shareholders Equity $40.96B $40.81B $41.03B
YoY Change 2.53% -0.54% 20.06%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $194.0M $296.0M $255.0M
YoY Change -116.64% 16.08% -33.07%
Depreciation, Depletion And Amortization $241.0M $261.0M $259.0M
YoY Change -4.74% 0.77% 39.25%
Cash From Operating Activities $506.0M $1.480B $772.0M
YoY Change -8.0% 91.71% -489.9%
INVESTING ACTIVITIES
Capital Expenditures -$136.0M -$76.00M -$78.00M
YoY Change -1.45% -2.56% -2.5%
Acquisitions
YoY Change
Other Investing Activities -$37.00M -$8.000M $859.0M
YoY Change 1750.0% -100.93% -866.96%
Cash From Investing Activities -$173.0M -$84.00M $781.0M
YoY Change 23.57% -110.76% -506.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.243B -142.0M -637.0M
YoY Change 53.65% -77.71% 397.66%
NET CHANGE
Cash From Operating Activities 506.0M 1.480B 772.0M
Cash From Investing Activities -173.0M -84.00M 781.0M
Cash From Financing Activities -1.243B -142.0M -637.0M
Net Change In Cash -910.0M 1.254B 916.0M
YoY Change 128.07% 36.9% -276.83%
FREE CASH FLOW
Cash From Operating Activities $506.0M $1.480B $772.0M
Capital Expenditures -$136.0M -$76.00M -$78.00M
Free Cash Flow $642.0M $1.556B $850.0M
YoY Change -6.69% 83.06% -820.34%

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