2019 Q1 Form 10-Q Financial Statement

#000001823019000153 Filed on May 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $13.47B $12.86B
YoY Change 4.72% 30.92%
Cost Of Revenue $9.003B $8.566B
YoY Change 5.1% 25.95%
Gross Profit $3.721B $3.584B
YoY Change 3.82% 53.89%
Gross Profit Margin 27.63% 27.87%
Selling, General & Admin $1.319B $1.276B
YoY Change 3.37% 20.26%
% of Gross Profit 35.45% 35.6%
Research & Development $435.0M $443.0M
YoY Change -1.81% 4.24%
% of Gross Profit 11.69% 12.36%
Depreciation & Amortization $641.0M $681.0M
YoY Change -5.87% -4.08%
% of Gross Profit 17.23% 19.0%
Operating Expenses $11.26B $10.75B
YoY Change 4.73% 13.86%
Operating Profit $2.207B $2.108B
YoY Change 4.7% 454.74%
Interest Expense -$184.0M -$250.0M
YoY Change -26.4% -16.94%
% of Operating Profit -8.34% -11.86%
Other Income/Expense, Net $160.0M $127.0M
YoY Change 25.98% 296.88%
Pretax Income $2.264B $2.134B
YoY Change 6.09% 638.41%
Income Tax $387.0M $472.0M
% Of Pretax Income 17.09% 22.12%
Net Earnings $1.884B $1.667B
YoY Change 13.02% 759.28%
Net Earnings / Revenue 13.99% 12.96%
Basic Earnings Per Share $3.29 $2.78
Diluted Earnings Per Share $3.25 $2.74
COMMON SHARES
Basic Shares Outstanding 572.4M shares 598.0M shares
Diluted Shares Outstanding 578.8M shares 608.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.128B $7.888B
YoY Change -9.63% -16.72%
Cash & Equivalents $7.158B $7.927B
Short-Term Investments $0.00
Other Short-Term Assets $1.801B $1.922B
YoY Change -6.3% 4.8%
Inventory $12.34B $10.02B
Prepaid Expenses
Receivables $8.961B $7.370B
Other Receivables $8.932B $8.772B
Total Short-Term Assets $39.13B $37.36B
YoY Change 4.74% 5.09%
LONG-TERM ASSETS
Property, Plant & Equipment $13.55B $13.97B
YoY Change -2.99% -5.17%
Goodwill $6.191B $6.376B
YoY Change -2.9% 5.37%
Intangibles $1.807B $2.163B
YoY Change -16.46% -5.42%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $3.045B $2.156B
YoY Change 41.23% 32.6%
Total Long-Term Assets $39.60B $40.66B
YoY Change -2.6% -3.2%
TOTAL ASSETS
Total Short-Term Assets $39.13B $37.36B
Total Long-Term Assets $39.60B $40.66B
Total Assets $78.73B $78.01B
YoY Change 0.91% 0.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.198B $6.938B
YoY Change 3.75% 30.86%
Accrued Expenses $3.546B $3.446B
YoY Change 2.9% 11.67%
Deferred Revenue
YoY Change
Short-Term Debt $5.590B $5.733B
YoY Change -2.49% -26.7%
Long-Term Debt Due $5.952B $6.417B
YoY Change -7.25% -4.74%
Total Short-Term Liabilities $27.39B $27.40B
YoY Change -0.05% -0.84%
LONG-TERM LIABILITIES
Long-Term Debt $24.24B $23.17B
YoY Change 4.64% -2.36%
Other Long-Term Liabilities $4.294B $3.887B
YoY Change 10.47% 20.04%
Total Long-Term Liabilities $4.294B $3.887B
YoY Change 10.47% 20.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.39B $27.40B
Total Long-Term Liabilities $4.294B $3.887B
Total Liabilities $63.25B $62.74B
YoY Change 0.81% -1.8%
SHAREHOLDERS EQUITY
Retained Earnings $30.66B $26.29B
YoY Change 16.63% -4.69%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.21B $17.35B
YoY Change 22.29% -0.25%
Treasury Stock Shares 243.2M shares 217.0M shares
Shareholders Equity $15.44B $15.21B
YoY Change
Total Liabilities & Shareholders Equity $78.73B $78.01B
YoY Change 0.91% 0.6%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $1.884B $1.667B
YoY Change 13.02% 759.28%
Depreciation, Depletion And Amortization $641.0M $681.0M
YoY Change -5.87% -4.08%
Cash From Operating Activities $1.121B $935.0M
YoY Change 19.89% -39.36%
INVESTING ACTIVITIES
Capital Expenditures $278.0M -$757.0M
YoY Change -136.72% 48.72%
Acquisitions $2.000M $340.0M
YoY Change -99.41% 1788.89%
Other Investing Activities $38.00M -$16.00M
YoY Change -337.5% 77.78%
Cash From Investing Activities -$181.0M -$800.0M
YoY Change -77.38% 760.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $751.0M $500.0M
YoY Change 50.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.675B -538.0M
YoY Change 211.34% -161.28%
NET CHANGE
Cash From Operating Activities $1.121B 935.0M
Cash From Investing Activities -$181.0M -800.0M
Cash From Financing Activities -$1.675B -538.0M
Net Change In Cash -$732.0M -403.0M
YoY Change 81.64% -117.32%
FREE CASH FLOW
Cash From Operating Activities $1.121B $935.0M
Capital Expenditures $278.0M -$757.0M
Free Cash Flow $843.0M $1.692B
YoY Change -50.18% -17.5%

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