2018 Q1 Form 10-Q Financial Statement

#000105829018000015 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $3.912B $3.546B
YoY Change 10.32% 10.74%
Cost Of Revenue $2.401B $2.177B
YoY Change 10.29% 13.53%
Gross Profit $1.511B $1.369B
YoY Change 10.37% 6.58%
Gross Profit Margin 38.62% 38.61%
Selling, General & Admin $710.0M $686.0M
YoY Change 3.5% 6.19%
% of Gross Profit 46.99% 50.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $117.0M $104.0M
YoY Change 12.5% 18.18%
% of Gross Profit 7.74% 7.6%
Operating Expenses $710.0M $686.0M
YoY Change 3.5% 6.19%
Operating Profit $693.0M $570.0M
YoY Change 21.58% 2.89%
Interest Expense $6.000M $6.000M
YoY Change 0.0% 20.0%
% of Operating Profit 0.87% 1.05%
Other Income/Expense, Net $4.000M $79.00M
YoY Change -94.94% 125.71%
Pretax Income $697.0M $649.0M
YoY Change 7.4% 10.19%
Income Tax $177.0M $92.00M
% Of Pretax Income 25.39% 14.18%
Net Earnings $520.0M $557.0M
YoY Change -6.64% 26.3%
Net Earnings / Revenue 13.29% 15.71%
Basic Earnings Per Share $0.89 $0.92
Diluted Earnings Per Share $0.88 $0.92
COMMON SHARES
Basic Shares Outstanding 587.0M shares 605.0M shares
Diluted Shares Outstanding 589.0M shares 607.0M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.830B $4.274B
YoY Change 13.01% -4.0%
Cash & Equivalents $1.599B $1.308B
Short-Term Investments $3.390B $2.966B
Other Short-Term Assets $856.0M $529.0M
YoY Change 61.81% 43.79%
Inventory
Prepaid Expenses
Receivables $3.145B $2.644B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.990B $7.842B
YoY Change 14.64% 3.58%
LONG-TERM ASSETS
Property, Plant & Equipment $1.333B $1.306B
YoY Change 2.07% 2.83%
Goodwill $2.713B $2.563B
YoY Change 5.85% 4.11%
Intangibles $955.0M $923.0M
YoY Change 3.47% 7.04%
Long-Term Investments $83.00M $110.0M
YoY Change -24.55%
Other Assets $577.0M $427.0M
YoY Change 35.13% 54.77%
Total Long-Term Assets $6.055B $5.787B
YoY Change 4.63% 12.04%
TOTAL ASSETS
Total Short-Term Assets $8.990B $7.842B
Total Long-Term Assets $6.055B $5.787B
Total Assets $15.05B $13.63B
YoY Change 10.39% 7.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $293.0M $189.0M
YoY Change 55.03% -11.35%
Accrued Expenses $1.307B $1.241B
YoY Change 5.32% 10.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0M $437.0M
YoY Change -77.12% 168.1%
Total Short-Term Liabilities $2.469B $2.585B
YoY Change -4.49% 26.07%
LONG-TERM LIABILITIES
Long-Term Debt $673.0M $772.0M
YoY Change -12.82% -10.07%
Other Long-Term Liabilities $199.0M $155.0M
YoY Change 28.39% 12.24%
Total Long-Term Liabilities $872.0M $927.0M
YoY Change -5.93% -6.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.469B $2.585B
Total Long-Term Liabilities $872.0M $927.0M
Total Liabilities $4.057B $3.646B
YoY Change 11.27% 16.72%
SHAREHOLDERS EQUITY
Retained Earnings $10.86B $9.935B
YoY Change 9.27% 6.07%
Common Stock $6.000M $6.000M
YoY Change 0.0% -1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.99B $9.983B
YoY Change
Total Liabilities & Shareholders Equity $15.05B $13.63B
YoY Change 10.39% 7.01%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $520.0M $557.0M
YoY Change -6.64% 26.3%
Depreciation, Depletion And Amortization $117.0M $104.0M
YoY Change 12.5% 18.18%
Cash From Operating Activities $388.0M $277.0M
YoY Change 40.07% 284.72%
INVESTING ACTIVITIES
Capital Expenditures $96.00M $66.00M
YoY Change 45.45% 3.13%
Acquisitions $1.000M $6.000M
YoY Change -83.33% -91.43%
Other Investing Activities -$131.0M $157.0M
YoY Change -183.44% -195.32%
Cash From Investing Activities -$227.0M $91.00M
YoY Change -349.45% -139.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $316.0M $1.514B
YoY Change -79.13% 489.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$488.0M -$1.124B
YoY Change -56.58% 138.64%
NET CHANGE
Cash From Operating Activities $388.0M $277.0M
Cash From Investing Activities -$227.0M $91.00M
Cash From Financing Activities -$488.0M -$1.124B
Net Change In Cash -$326.0M -$726.0M
YoY Change -55.1% 15.79%
FREE CASH FLOW
Cash From Operating Activities $388.0M $277.0M
Capital Expenditures $96.00M $66.00M
Free Cash Flow $292.0M $211.0M
YoY Change 38.39% 2537.5%

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