2020 Q1 Form 10-Q Financial Statement

#000178318020000019 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $3.888B $4.501B $4.323B
YoY Change -10.06%
Cost Of Revenue $2.765B $3.219B $3.092B
YoY Change -10.58%
Gross Profit $1.123B $1.282B $1.231B
YoY Change -8.77%
Gross Profit Margin 28.88% 28.48% 28.48%
Selling, General & Admin $692.0M $675.0M $684.0M
YoY Change 1.17%
% of Gross Profit 61.62% 52.65% 55.56%
Research & Development $98.00M $99.00M $97.00M
YoY Change 1.03%
% of Gross Profit 8.73% 7.72% 7.88%
Depreciation & Amortization $56.00M $84.00M $54.00M
YoY Change 3.7%
% of Gross Profit 4.99% 6.55% 4.39%
Operating Expenses $790.0M $626.0M $781.0M
YoY Change 1.15%
Operating Profit $315.0M $557.0M $500.0M
YoY Change -37.0%
Interest Expense -$37.00M $42.00M $4.000M
YoY Change -1025.0%
% of Operating Profit -11.75% 7.54% 0.8%
Other Income/Expense, Net $17.00M $30.00M $39.00M
YoY Change -56.41%
Pretax Income $295.0M $591.0M $543.0M
YoY Change -45.67%
Income Tax $193.0M $137.0M $140.0M
% Of Pretax Income 65.42% 23.18% 25.78%
Net Earnings $96.00M $440.0M $400.0M
YoY Change -76.0%
Net Earnings / Revenue 2.47% 9.78% 9.25%
Basic Earnings Per Share $0.11 $0.50 $0.46
Diluted Earnings Per Share $0.11 $0.50 $0.46
COMMON SHARES
Basic Shares Outstanding 866.2M shares 866.0M shares
Diluted Shares Outstanding 866.2M shares 866.0M shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $768.0M
YoY Change
Cash & Equivalents $768.0M $952.0M $863.0M
Short-Term Investments
Other Short-Term Assets $319.0M $327.0M
YoY Change
Inventory $1.556B $1.332B
Prepaid Expenses
Receivables $3.325B
Other Receivables $0.00
Total Short-Term Assets $5.968B $5.959B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.638B $1.663B
YoY Change
Goodwill $9.648B $9.884B
YoY Change 0.36%
Intangibles $1.014B $1.083B
YoY Change
Long-Term Investments $1.664B $1.739B
YoY Change
Other Assets $277.0M $256.0M
YoY Change
Total Long-Term Assets $16.03B $16.45B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $5.968B $5.959B
Total Long-Term Assets $16.03B $16.45B
Total Assets $22.00B $22.41B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.776B $1.701B
YoY Change
Accrued Expenses $1.972B $2.088B
YoY Change
Deferred Revenue $485.0M $443.0M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $218.0M $237.0M
YoY Change
Total Short-Term Liabilities $4.451B $4.469B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $11.03B $82.00M
YoY Change
Other Long-Term Liabilities $1.170B $1.183B
YoY Change
Total Long-Term Liabilities $12.20B $1.265B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.451B $4.469B
Total Long-Term Liabilities $12.20B $1.265B
Total Liabilities $18.98B $7.971B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.697B $14.10B
YoY Change
Total Liabilities & Shareholders Equity $22.00B $22.41B
YoY Change

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income $96.00M $440.0M $400.0M
YoY Change -76.0%
Depreciation, Depletion And Amortization $56.00M $84.00M $54.00M
YoY Change 3.7%
Cash From Operating Activities $47.00M $1.013B -$183.0M
YoY Change -125.68%
INVESTING ACTIVITIES
Capital Expenditures -$48.00M -$104.0M -$41.00M
YoY Change 17.07%
Acquisitions $0.00
YoY Change
Other Investing Activities -$15.00M $41.00M $3.000M
YoY Change -600.0%
Cash From Investing Activities -$128.0M -$63.00M -$43.00M
YoY Change 197.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $34.00M $1.000M
YoY Change 3300.0%
Cash From Financing Activities -$76.00M -872.0M -$57.00M
YoY Change 33.33%
NET CHANGE
Cash From Operating Activities $47.00M 1.013B -$183.0M
Cash From Investing Activities -$128.0M -63.00M -$43.00M
Cash From Financing Activities -$76.00M -872.0M -$57.00M
Net Change In Cash -$185.0M 78.00M -$267.0M
YoY Change -30.71%
FREE CASH FLOW
Cash From Operating Activities $47.00M $1.013B -$183.0M
Capital Expenditures -$48.00M -$104.0M -$41.00M
Free Cash Flow $95.00M $1.117B -$142.0M
YoY Change -166.9%

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