2016 Q1 Form 10-Q Financial Statement

#000105829016000061 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $3.202B $2.911B
YoY Change 10.0% 20.18%
Cost Of Revenue $1.918B $1.727B
YoY Change 11.02% 23.47%
Gross Profit $1.285B $1.184B
YoY Change 8.47% 15.71%
Gross Profit Margin 40.12% 40.68%
Selling, General & Admin $646.0M $611.0M
YoY Change 5.73% 25.88%
% of Gross Profit 50.29% 51.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.00M $75.60M
YoY Change 16.4% 61.88%
% of Gross Profit 6.85% 6.38%
Operating Expenses $646.0M $611.0M
YoY Change 5.73% 25.88%
Operating Profit $554.0M $500.0M
YoY Change 10.8% 8.7%
Interest Expense $5.000M $5.000M
YoY Change 0.0%
% of Operating Profit 0.9% 1.0%
Other Income/Expense, Net $35.00M $10.30M
YoY Change 239.81% -21.97%
Pretax Income $589.0M $510.6M
YoY Change 15.35% 7.9%
Income Tax $148.0M $127.7M
% Of Pretax Income 25.13% 25.01%
Net Earnings $441.0M $383.0M
YoY Change 15.14% 9.77%
Net Earnings / Revenue 13.77% 13.16%
Basic Earnings Per Share $0.73 $0.63
Diluted Earnings Per Share $0.72 $0.62
COMMON SHARES
Basic Shares Outstanding 608.0M shares 609.6M shares
Diluted Shares Outstanding 612.0M shares 613.9M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.452B $3.350B
YoY Change 32.9% -13.32%
Cash & Equivalents $1.524B $1.271B
Short-Term Investments $2.928B $2.078B
Other Short-Term Assets $367.9M $336.9M
YoY Change 9.2% 32.44%
Inventory
Prepaid Expenses
Receivables $2.319B $2.060B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.571B $6.407B
YoY Change 18.18% 1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.270B $1.268B
YoY Change 0.16% 16.24%
Goodwill $2.462B $2.404B
YoY Change 2.42% 439.91%
Intangibles $862.3M $928.4M
YoY Change -7.12% 644.3%
Long-Term Investments
YoY Change
Other Assets $275.9M $223.6M
YoY Change 23.39% 19.45%
Total Long-Term Assets $5.165B $4.977B
YoY Change 3.78% 150.28%
TOTAL ASSETS
Total Short-Term Assets $7.571B $6.407B
Total Long-Term Assets $5.165B $4.977B
Total Assets $12.74B $11.38B
YoY Change 11.88% 37.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $213.2M $181.4M
YoY Change 17.53% 2.85%
Accrued Expenses $1.128B $946.0M
YoY Change 19.24% 11.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $163.0M $150.0M
YoY Change 8.67%
Total Short-Term Liabilities $2.050B $1.884B
YoY Change 8.83% 25.37%
LONG-TERM LIABILITIES
Long-Term Debt $858.4M $925.0M
YoY Change -7.2%
Other Long-Term Liabilities $138.1M $111.2M
YoY Change 24.19% -16.52%
Total Long-Term Liabilities $996.5M $1.036B
YoY Change -3.83% 677.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.050B $1.884B
Total Long-Term Liabilities $996.5M $1.036B
Total Liabilities $3.124B $3.205B
YoY Change -2.54% 93.49%
SHAREHOLDERS EQUITY
Retained Earnings $9.366B $7.685B
YoY Change 21.89% 23.72%
Common Stock $6.100M $6.100M
YoY Change 0.0% 0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.612B $8.179B
YoY Change
Total Liabilities & Shareholders Equity $12.74B $11.38B
YoY Change 11.88% 37.49%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $441.0M $383.0M
YoY Change 15.14% 9.77%
Depreciation, Depletion And Amortization $88.00M $75.60M
YoY Change 16.4% 61.88%
Cash From Operating Activities $72.00M $189.3M
YoY Change -61.97% 20.34%
INVESTING ACTIVITIES
Capital Expenditures $64.00M $58.00M
YoY Change 10.34% 33.95%
Acquisitions $70.00M $0.00
YoY Change -100.0%
Other Investing Activities -$164.7M -$306.0M
YoY Change -46.18% -21.62%
Cash From Investing Activities -$228.0M -$364.0M
YoY Change -37.36% -16.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $257.0M $38.40M
YoY Change 569.27% -1.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$471.0M -$557.3M
YoY Change -15.49% 8473.85%
NET CHANGE
Cash From Operating Activities $72.00M $189.3M
Cash From Investing Activities -$228.0M -$364.0M
Cash From Financing Activities -$471.0M -$557.3M
Net Change In Cash -$627.0M -$732.0M
YoY Change -14.34% 158.75%
FREE CASH FLOW
Cash From Operating Activities $72.00M $189.3M
Capital Expenditures $64.00M $58.00M
Free Cash Flow $8.000M $131.3M
YoY Change -93.91% 15.18%

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