2017 Q4 Form 10-Q Financial Statement

#000105829017000044 Filed on November 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $3.828B $3.766B $3.453B
YoY Change 10.57% 9.06% 8.35%
Cost Of Revenue $2.203B $2.308B $2.070B
YoY Change 10.01% 11.5% 6.04%
Gross Profit $1.625B $1.458B $1.383B
YoY Change 11.35% 5.41% 12.01%
Gross Profit Margin 42.45% 38.71% 40.06%
Selling, General & Admin $700.0M $674.0M $701.0M
YoY Change -4.11% -3.85% 11.8%
% of Gross Profit 43.08% 46.23% 50.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $122.0M $114.0M $97.00M
YoY Change 20.79% 17.53% 17.72%
% of Gross Profit 7.51% 7.82% 7.01%
Operating Expenses $700.0M $674.0M $701.0M
YoY Change -4.11% -3.85% 11.8%
Operating Profit $657.0M $648.0M $583.0M
YoY Change 17.11% 11.15% 7.37%
Interest Expense -$106.0M $6.000M $5.000M
YoY Change 37.48% 20.0% 16.28%
% of Operating Profit -16.13% 0.93% 0.86%
Other Income/Expense, Net -$1.000M $10.00M $30.00M
YoY Change -433.33% -66.67% 14900.0%
Pretax Income $713.0M $658.0M $613.0M
YoY Change 27.23% 7.34% 12.89%
Income Tax $115.0M $164.0M $170.0M
% Of Pretax Income 16.13% 24.92% 27.73%
Net Earnings -$18.00M $495.0M $444.0M
YoY Change -104.33% 11.49% 11.84%
Net Earnings / Revenue -0.47% 13.14% 12.86%
Basic Earnings Per Share -$0.03 $0.84 $0.73
Diluted Earnings Per Share -$0.03 $0.84 $0.73
COMMON SHARES
Basic Shares Outstanding 589.6M shares 590.0M shares 606.0M shares
Diluted Shares Outstanding 592.0M shares 609.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.056B $4.713B $4.859B
YoY Change -2.19% -3.0% 19.95%
Cash & Equivalents $1.925B $1.577B $1.550B
Short-Term Investments $3.131B $3.136B $3.308B
Other Short-Term Assets $833.0M $552.0M $425.5M
YoY Change 58.37% 29.73% 60.75%
Inventory
Prepaid Expenses
Receivables $2.865B $2.889B $2.492B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.111B $8.557B $8.200B
YoY Change 5.94% 4.36% 13.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.324B $1.304B $1.323B
YoY Change 0.99% -1.46% 3.47%
Goodwill $2.704B $2.608B $2.482B
YoY Change 5.87% 5.08% 3.26%
Intangibles $981.0M $957.0M $936.9M
YoY Change 3.15% 2.15% 6.3%
Long-Term Investments $67.00M $262.0M $60.60M
YoY Change 17.54% 332.34%
Other Assets $448.0M $428.0M $328.8M
YoY Change 24.79% 30.17% 25.45%
Total Long-Term Assets $6.110B $6.023B $5.517B
YoY Change 7.91% 9.17% 9.69%
TOTAL ASSETS
Total Short-Term Assets $9.111B $8.557B $8.200B
Total Long-Term Assets $6.110B $6.023B $5.517B
Total Assets $15.22B $14.58B $13.72B
YoY Change 6.72% 6.29% 11.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $210.0M $186.0M $171.5M
YoY Change 20.0% 8.45% 7.12%
Accrued Expenses $1.693B $1.681B $1.478B
YoY Change 10.87% 13.73% 6.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $175.0M $100.0M $75.00M
YoY Change 116.05% 33.33% 50.0%
Total Short-Term Liabilities $2.839B $2.600B $2.301B
YoY Change 17.41% 13.01% 8.1%
LONG-TERM LIABILITIES
Long-Term Debt $698.0M $723.0M $821.6M
YoY Change -12.42% -12.0% -8.71%
Other Long-Term Liabilities $181.0M $159.0M $140.1M
YoY Change 11.73% 13.49% 8.44%
Total Long-Term Liabilities $879.0M $882.0M $961.7M
YoY Change -8.34% -8.29% -6.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.839B $2.600B $2.301B
Total Long-Term Liabilities $879.0M $882.0M $961.7M
Total Liabilities $4.552B $3.601B $3.424B
YoY Change 28.81% 5.16% -0.47%
SHAREHOLDERS EQUITY
Retained Earnings $10.54B $10.72B $10.06B
YoY Change 0.63% 6.54% 18.37%
Common Stock $6.000M $6.000M $6.100M
YoY Change 0.0% -1.64% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.67B $10.98B $10.29B
YoY Change
Total Liabilities & Shareholders Equity $15.22B $14.58B $13.72B
YoY Change 6.72% 6.29% 11.81%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$18.00M $495.0M $444.0M
YoY Change -104.33% 11.49% 11.84%
Depreciation, Depletion And Amortization $122.0M $114.0M $97.00M
YoY Change 20.79% 17.53% 17.72%
Cash From Operating Activities $836.0M $773.0M $603.0M
YoY Change 38.41% 28.19% -26.27%
INVESTING ACTIVITIES
Capital Expenditures -$80.00M -$78.00M -$74.00M
YoY Change -8.05% 5.41% 13.67%
Acquisitions
YoY Change
Other Investing Activities -$80.00M -$46.00M -$539.0M
YoY Change 2566.67% -91.47% 382.11%
Cash From Investing Activities -$160.0M -$124.0M -$613.0M
YoY Change 77.78% -79.77% 246.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -333.0M -231.0M -127.0M
YoY Change -6760.0% 81.89% -48.89%
NET CHANGE
Cash From Operating Activities 836.0M 773.0M 603.0M
Cash From Investing Activities -160.0M -124.0M -613.0M
Cash From Financing Activities -333.0M -231.0M -127.0M
Net Change In Cash 343.0M 418.0M -137.0M
YoY Change -33.91% -405.11% -134.9%
FREE CASH FLOW
Cash From Operating Activities $836.0M $773.0M $603.0M
Capital Expenditures -$80.00M -$78.00M -$74.00M
Free Cash Flow $916.0M $851.0M $677.0M
YoY Change 32.56% 25.7% -23.33%

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