2017 Q4 Form 10-Q Financial Statement

#000002841217000123 Filed on October 30, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $650.0M $579.0M $480.0M
YoY Change 34.3% 20.63% 7.14%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.00M $31.00M $32.00M
YoY Change 0.0% -3.13% 6.67%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $60.00M $33.00M $30.00M
YoY Change 106.9% 10.0% 15.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $330.0M $334.0M $213.0M
YoY Change 46.02% 56.81% 7.04%
Income Tax $93.00M $108.0M $64.00M
% Of Pretax Income 28.18% 32.34% 30.05%
Net Earnings $326.0M $226.0M $149.0M
YoY Change 98.78% 51.68% 9.56%
Net Earnings / Revenue 50.15% 39.03% 31.04%
Basic Earnings Per Share $1.90 $1.29 $0.87
Diluted Earnings Per Share $1.87 $1.26 $0.84
COMMON SHARES
Basic Shares Outstanding 173.9M shares 174.0M shares 171.0M shares
Diluted Shares Outstanding 177.0M shares 176.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.845B $6.204B $8.040B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $466.0M $467.0M $528.0M
YoY Change -6.99% -11.55% -2.4%
Goodwill $635.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $71.57B $72.02B $74.12B
YoY Change -1.93% -2.84% 4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.069B $1.018B $1.234B
YoY Change 5.63% -17.5% -12.67%
Deferred Revenue
YoY Change
Short-Term Debt $10.00M $509.0M $12.00M
YoY Change -60.0% 4141.67% -88.99%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.069B $1.018B $1.234B
YoY Change 5.63% -17.5% -12.67%
LONG-TERM LIABILITIES
Long-Term Debt $1.822B $1.837B $3.090B
YoY Change -22.8% -40.55% -0.32%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.822B $1.837B $3.090B
YoY Change -22.8% -40.55% -0.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.069B $1.018B $1.234B
Total Long-Term Liabilities $1.822B $1.837B $3.090B
Total Liabilities $63.60B $63.98B $66.40B
YoY Change -2.42% -3.64% 4.74%
SHAREHOLDERS EQUITY
Retained Earnings $7.887B $7.746B $7.262B
YoY Change 7.58% 6.66% 3.64%
Common Stock $3.263B $3.253B $3.315B
YoY Change -0.4% -1.87% 0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.736B $2.606B $2.558B
YoY Change 12.69% 1.88% 9.04%
Treasury Stock Shares 55.31M shares 53.84M shares 56.10M shares
Shareholders Equity $7.963B $8.034B $7.727B
YoY Change
Total Liabilities & Shareholders Equity $71.57B $72.02B $74.12B
YoY Change -1.93% -2.84% 4.38%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $326.0M $226.0M $149.0M
YoY Change 98.78% 51.68% 9.56%
Depreciation, Depletion And Amortization $30.00M $31.00M $32.00M
YoY Change 0.0% -3.13% 6.67%
Cash From Operating Activities $235.0M $200.0M $153.0M
YoY Change 164.04% 30.72% -43.12%
INVESTING ACTIVITIES
Capital Expenditures -$26.00M -$16.00M -$17.00M
YoY Change 8.33% -5.88% -29.17%
Acquisitions
YoY Change
Other Investing Activities $92.00M $223.0M $1.090B
YoY Change 19.48% -79.54% 156.47%
Cash From Investing Activities $66.00M $207.0M $1.073B
YoY Change 24.53% -80.71% 167.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -660.0M 166.0M 2.704B
YoY Change -31.54% -93.86% 378.58%
NET CHANGE
Cash From Operating Activities 235.0M 200.0M 153.0M
Cash From Investing Activities 66.00M 207.0M 1.073B
Cash From Financing Activities -660.0M 166.0M 2.704B
Net Change In Cash -359.0M 573.0M 3.930B
YoY Change -56.33% -85.42% 218.22%
FREE CASH FLOW
Cash From Operating Activities $235.0M $200.0M $153.0M
Capital Expenditures -$26.00M -$16.00M -$17.00M
Free Cash Flow $261.0M $216.0M $170.0M
YoY Change 130.97% 27.06% -41.98%

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us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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us-gaap Fees And Commissions Depositor Accounts
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us-gaap Fees And Commissions Fiduciary And Trust Activities
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us-gaap Fees And Commissions Fiduciary And Trust Activities
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us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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CY2017Q3 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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CY2017Q3 us-gaap Gain Loss On Interest Rate Fair Value Hedge Ineffectiveness
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us-gaap Gain Loss On Interest Rate Fair Value Hedge Ineffectiveness
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us-gaap Gain Loss On Sale Of Other Assets
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CY2016Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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CY2017Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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187000000 USD
CY2016Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7560000000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7727000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7796000000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8034000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
17000000 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
21000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
52851156 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
53835135 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2428000000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2606000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
211000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
396000000 USD
CY2016Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
7000000 USD
CY2017Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5000000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3000000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
5000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
4000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
9000000 USD
us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
0 USD
us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
0 USD
CY2017Q3 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Liabilities
VariableInterestEntityNonconsolidatedCarryingAmountLiabilities
170000000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
173000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175000000 shares

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