2019 Q1 Form 10-Q Financial Statement

#000027794819000022 Filed on April 17, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $3.013B $2.876B
YoY Change 4.76% 0.24%
Cost Of Revenue $711.0M $737.0M
YoY Change -3.53% -6.59%
Gross Profit $2.302B $2.139B
YoY Change 7.62% 2.84%
Gross Profit Margin 76.4% 74.37%
Selling, General & Admin $772.0M $797.0M
YoY Change -3.14% -10.85%
% of Gross Profit 33.54% 37.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $330.0M $323.0M
YoY Change 2.17% 0.94%
% of Gross Profit 14.34% 15.1%
Operating Expenses $1.794B $1.832B
YoY Change -2.07% -12.76%
Operating Profit $1.219B $1.044B
YoY Change 16.76% 35.76%
Interest Expense -$178.0M $149.0M
YoY Change -219.46% 8.76%
% of Operating Profit -14.6% 14.27%
Other Income/Expense, Net $23.00M $17.00M
YoY Change 35.29% 30.77%
Pretax Income $1.064B $912.0M
YoY Change 16.67% 56.7%
Income Tax $230.0M $217.0M
% Of Pretax Income 21.62% 23.79%
Net Earnings $834.0M $695.0M
YoY Change 20.0% 91.99%
Net Earnings / Revenue 27.68% 24.17%
Basic Earnings Per Share $1.02 $0.78
Diluted Earnings Per Share $1.02 $0.78
COMMON SHARES
Basic Shares Outstanding 814.0M shares 885.0M shares
Diluted Shares Outstanding 817.0M shares 888.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.010B $1.990B
YoY Change 1.01% 63.52%
Cash & Equivalents $1.188B $1.980B
Short-Term Investments $822.0M $10.00M
Other Short-Term Assets $122.0M $138.0M
YoY Change -11.59% 62.35%
Inventory $241.0M $369.0M
Prepaid Expenses
Receivables $1.106B $1.045B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.479B $3.542B
YoY Change -1.78% 33.16%
LONG-TERM ASSETS
Property, Plant & Equipment $31.99B $31.75B
YoY Change 0.76% 1.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.793B $1.714B
YoY Change 4.61% 16.68%
Other Assets $344.0M $435.0M
YoY Change -20.92% 34.26%
Total Long-Term Assets $34.68B $33.90B
YoY Change 2.3% 2.56%
TOTAL ASSETS
Total Short-Term Assets $3.479B $3.542B
Total Long-Term Assets $34.68B $33.90B
Total Assets $38.15B $37.44B
YoY Change 1.91% 4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.019B $905.0M
YoY Change 12.6% 0.78%
Accrued Expenses $459.0M $443.0M
YoY Change 3.61% -0.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.00M $19.00M
YoY Change -5.26% -94.26%
Total Short-Term Liabilities $1.926B $1.891B
YoY Change 1.85% -16.95%
LONG-TERM LIABILITIES
Long-Term Debt $15.75B $13.77B
YoY Change 14.38% 25.59%
Other Long-Term Liabilities $583.0M $646.0M
YoY Change -9.75% -28.46%
Total Long-Term Liabilities $583.0M $646.0M
YoY Change -9.75% -28.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.926B $1.891B
Total Long-Term Liabilities $583.0M $646.0M
Total Liabilities $25.71B $23.05B
YoY Change 11.55% -4.14%
SHAREHOLDERS EQUITY
Retained Earnings $12.01B $13.87B
YoY Change -13.42% 23.9%
Common Stock $1.076B $1.090B
YoY Change -1.28% -0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.43B $14.38B
YoY Change
Total Liabilities & Shareholders Equity $38.15B $37.44B
YoY Change 1.91% 4.84%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $834.0M $695.0M
YoY Change 20.0% 91.99%
Depreciation, Depletion And Amortization $330.0M $323.0M
YoY Change 2.17% 0.94%
Cash From Operating Activities $1.173B $966.0M
YoY Change 21.43% -7.38%
INVESTING ACTIVITIES
Capital Expenditures $353.0M $368.0M
YoY Change -4.08% -16.55%
Acquisitions
YoY Change
Other Investing Activities $2.000M $8.000M
YoY Change -75.0% -166.67%
Cash From Investing Activities -$870.0M -$316.0M
YoY Change 175.32% 10.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $796.0M $836.0M
YoY Change -4.78% 224.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $27.00M $929.0M
YoY Change -97.09% -316.05%
NET CHANGE
Cash From Operating Activities $1.173B $966.0M
Cash From Investing Activities -$870.0M -$316.0M
Cash From Financing Activities $27.00M $929.0M
Net Change In Cash $330.0M $1.579B
YoY Change -79.1% 382.87%
FREE CASH FLOW
Cash From Operating Activities $1.173B $966.0M
Capital Expenditures $353.0M $368.0M
Free Cash Flow $820.0M $598.0M
YoY Change 37.12% -0.66%

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324000000 USD
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41000000 USD
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56000000 USD
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49000000 USD
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44000000 USD
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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30000000 USD
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P15D
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2018Q1 us-gaap Comprehensive Income Net Of Tax
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CY2019Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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2000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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2000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3013000000 USD
CY2019Q1 us-gaap Operating Expenses
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1794000000 USD
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1219000000 USD
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IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2019Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-178000000 USD
CY2019Q1 csx Nonoperating Income Expenseand Restructuring Charges Nonoperating
NonoperatingIncomeExpenseandRestructuringChargesNonoperating
23000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1064000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
230000000 USD
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NetIncomeLoss
834000000 USD
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1832000000 USD
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17000000 USD
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822000000 USD
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1106000000 USD
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18000000 USD
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25709000000 USD
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809000000 USD
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CY2019Q1 us-gaap Minority Interest
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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253000000 USD
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