2020 Q1 Form 10-Q Financial Statement

#000105829020000033 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $4.225B $4.110B
YoY Change 2.8% 5.06%
Cost Of Revenue $2.741B $2.575B
YoY Change 6.45% 7.25%
Gross Profit $1.484B $1.535B
YoY Change -3.32% 1.59%
Gross Profit Margin 35.12% 37.35%
Selling, General & Admin $711.0M $871.0M
YoY Change -18.37% 22.68%
% of Gross Profit 47.91% 56.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $136.0M $133.0M
YoY Change 2.26% 13.68%
% of Gross Profit 9.16% 8.66%
Operating Expenses $711.0M $871.0M
YoY Change -18.37% 22.68%
Operating Profit $579.0M $539.0M
YoY Change 7.42% -22.22%
Interest Expense $6.000M $7.000M
YoY Change -14.29% 16.67%
% of Operating Profit 1.04% 1.3%
Other Income/Expense, Net -$69.00M $44.00M
YoY Change -256.82% 1000.0%
Pretax Income $510.0M $583.0M
YoY Change -12.52% -16.36%
Income Tax $142.0M $142.0M
% Of Pretax Income 27.84% 24.36%
Net Earnings $367.0M $441.0M
YoY Change -16.78% -15.19%
Net Earnings / Revenue 8.69% 10.73%
Basic Earnings Per Share $0.67 $0.77
Diluted Earnings Per Share $0.67 $0.77
COMMON SHARES
Basic Shares Outstanding 546.0M shares 573.0M shares
Diluted Shares Outstanding 546.0M shares 575.0M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.282B $3.668B
YoY Change 16.74% -24.06%
Cash & Equivalents $3.886B $950.0M
Short-Term Investments $396.0M $2.718B
Other Short-Term Assets $823.0M $838.0M
YoY Change -1.79% -2.1%
Inventory
Prepaid Expenses
Receivables $3.220B $3.377B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.325B $7.883B
YoY Change 5.61% -12.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.322B $1.314B
YoY Change 0.61% -1.43%
Goodwill $4.014B $3.638B
YoY Change 10.34% 34.1%
Intangibles $1.005B $1.185B
YoY Change -15.19% 24.08%
Long-Term Investments $37.00M $79.00M
YoY Change -53.16% -4.82%
Other Assets $809.0M $724.0M
YoY Change 11.74% 25.48%
Total Long-Term Assets $9.104B $8.213B
YoY Change 10.85% 35.64%
TOTAL ASSETS
Total Short-Term Assets $8.325B $7.883B
Total Long-Term Assets $9.104B $8.213B
Total Assets $17.43B $16.10B
YoY Change 8.28% 6.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $289.0M $262.0M
YoY Change 10.31% -10.58%
Accrued Expenses $1.568B $1.594B
YoY Change -1.63% 21.96%
Deferred Revenue
YoY Change
Short-Term Debt $38.00M $0.00
YoY Change
Long-Term Debt Due $38.00M $32.00M
YoY Change 18.75% -68.0%
Total Short-Term Liabilities $2.872B $2.720B
YoY Change 5.59% 10.17%
LONG-TERM LIABILITIES
Long-Term Debt $2.430B $727.0M
YoY Change 234.25% 8.02%
Other Long-Term Liabilities $229.0M $150.0M
YoY Change 52.67% -24.62%
Total Long-Term Liabilities $2.659B $877.0M
YoY Change 203.19% 0.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.872B $2.720B
Total Long-Term Liabilities $2.659B $877.0M
Total Liabilities $6.816B $4.960B
YoY Change 37.42% 22.26%
SHAREHOLDERS EQUITY
Retained Earnings $10.83B $11.14B
YoY Change -2.77% 2.62%
Common Stock $5.000M $6.000M
YoY Change -16.67% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.61B $11.14B
YoY Change
Total Liabilities & Shareholders Equity $17.43B $16.10B
YoY Change 8.28% 6.99%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $367.0M $441.0M
YoY Change -16.78% -15.19%
Depreciation, Depletion And Amortization $136.0M $133.0M
YoY Change 2.26% 13.68%
Cash From Operating Activities $497.0M $269.0M
YoY Change 84.76% -30.67%
INVESTING ACTIVITIES
Capital Expenditures $112.0M $106.0M
YoY Change 5.66% 10.42%
Acquisitions $86.00M $197.0M
YoY Change -56.35% 19600.0%
Other Investing Activities -$160.0M $462.0M
YoY Change -134.63% -452.67%
Cash From Investing Activities -$272.0M $356.0M
YoY Change -176.4% -256.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $511.0M $771.0M
YoY Change -33.72% 143.99%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.135B -$839.0M
YoY Change -235.28% 71.93%
NET CHANGE
Cash From Operating Activities $497.0M $269.0M
Cash From Investing Activities -$272.0M $356.0M
Cash From Financing Activities $1.135B -$839.0M
Net Change In Cash $1.241B -$211.0M
YoY Change -688.15% -35.28%
FREE CASH FLOW
Cash From Operating Activities $497.0M $269.0M
Capital Expenditures $112.0M $106.0M
Free Cash Flow $385.0M $163.0M
YoY Change 136.2% -44.18%

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