2019 Q1 Form 10-Q Financial Statement

#000006480319000021 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $61.65B $45.74B
YoY Change 34.77% 2.75%
Cost Of Revenue $37.25B $37.51B
YoY Change -0.69% -1.15%
Gross Profit $24.40B $8.238B
YoY Change 196.18% 25.37%
Gross Profit Margin 39.58% 18.01%
Selling, General & Admin $8.142B $4.913B
YoY Change 65.72% 2.83%
% of Gross Profit 33.37% 59.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.111B $644.0M
YoY Change 72.52%
% of Gross Profit 4.55% 7.82%
Operating Expenses $8.250B $4.913B
YoY Change 67.92% 2.83%
Operating Profit $2.690B $1.996B
YoY Change 34.77% 10.95%
Interest Expense $782.0M $523.0M
YoY Change 49.52% -307.54%
% of Operating Profit 29.07% 26.2%
Other Income/Expense, Net $31.00M $3.000M
YoY Change 933.33% -142.86%
Pretax Income $1.939B $1.470B
YoY Change 31.9% -4.17%
Income Tax $512.0M $472.0M
% Of Pretax Income 26.41% 32.11%
Net Earnings $1.421B $998.0M
YoY Change 42.38% 4.83%
Net Earnings / Revenue 2.31% 2.18%
Basic Earnings Per Share $1.09 $0.98
Diluted Earnings Per Share $1.09 $0.98
COMMON SHARES
Basic Shares Outstanding 1.298B shares 1.016B shares
Diluted Shares Outstanding 1.302B shares 1.019B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.322B $42.14B
YoY Change -80.25% 1730.67%
Cash & Equivalents $5.896B $42.26B
Short-Term Investments $2.426B $119.0M
Other Short-Term Assets $4.533B $868.0M
YoY Change 422.24% 18.1%
Inventory $15.45B $14.82B
Prepaid Expenses
Receivables $19.51B $13.96B
Other Receivables $868.0M $0.00
Total Short-Term Assets $45.20B $71.80B
YoY Change -37.05% 143.74%
LONG-TERM ASSETS
Property, Plant & Equipment $11.36B $10.14B
YoY Change 11.99% 0.87%
Goodwill $79.08B
YoY Change
Intangibles $36.31B
YoY Change
Long-Term Investments $16.41B
YoY Change
Other Assets $4.525B $1.694B
YoY Change 167.12% 12.71%
Total Long-Term Assets $171.5B $63.34B
YoY Change 170.71% 0.2%
TOTAL ASSETS
Total Short-Term Assets $45.20B $71.80B
Total Long-Term Assets $171.5B $63.34B
Total Assets $216.7B $135.1B
YoY Change 60.33% 45.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.82B $18.98B
YoY Change 41.28% 13.01%
Accrued Expenses $10.66B $7.724B
YoY Change 38.0% -11.01%
Deferred Revenue $75.00M
YoY Change
Short-Term Debt $3.005B $0.00
YoY Change -100.0%
Long-Term Debt Due $1.267B $3.542B
YoY Change -64.23% 8137.21%
Total Short-Term Liabilities $45.76B $30.25B
YoY Change 51.29% 10.85%
LONG-TERM LIABILITIES
Long-Term Debt $71.35B $61.55B
YoY Change 15.91% 140.23%
Other Long-Term Liabilities $2.262B $1.604B
YoY Change 41.02% -5.87%
Total Long-Term Liabilities $73.61B $63.16B
YoY Change 16.55% 131.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.76B $30.25B
Total Long-Term Liabilities $73.61B $63.16B
Total Liabilities $157.9B $96.47B
YoY Change 63.73% 63.97%
SHAREHOLDERS EQUITY
Retained Earnings $41.09B
YoY Change
Common Stock $17.00M $17.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $28.22B
YoY Change
Treasury Stock Shares 424.0M shares
Shareholders Equity $58.40B $38.67B
YoY Change
Total Liabilities & Shareholders Equity $219.8B $135.1B
YoY Change 62.62% 45.83%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $1.421B $998.0M
YoY Change 42.38% 4.83%
Depreciation, Depletion And Amortization $1.111B $644.0M
YoY Change 72.52%
Cash From Operating Activities $1.948B $2.355B
YoY Change -17.28% -33.34%
INVESTING ACTIVITIES
Capital Expenditures $716.0M $482.0M
YoY Change 48.55% -205.47%
Acquisitions $124.0M $353.0M
YoY Change -64.87%
Other Investing Activities -$10.00M $2.000M
YoY Change -600.0% -102.5%
Cash From Investing Activities -$891.0M -$131.0M
YoY Change 580.15% -75.61%
FINANCING ACTIVITIES
Cash Dividend Paid $649.0M $508.0M
YoY Change 27.76%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $882.0M $1.000M
YoY Change 88100.0%
Cash From Financing Activities $816.0M $38.14B
YoY Change -97.86% -1022.82%
NET CHANGE
Cash From Operating Activities $1.948B $2.355B
Cash From Investing Activities -$891.0M -$131.0M
Cash From Financing Activities $816.0M $38.14B
Net Change In Cash $1.873B $40.36B
YoY Change -95.36% -3650.04%
FREE CASH FLOW
Cash From Operating Activities $1.948B $2.355B
Capital Expenditures $716.0M $482.0M
Free Cash Flow $1.232B $1.873B
YoY Change -34.22% -53.06%

Facts In Submission

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CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
28221000000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
142000000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1019000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1302000000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1016000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1298000000 shares

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