2019 Q1 Form 10-Q Financial Statement

#000166670019000019 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $3.879B $5.597B
YoY Change -30.7% -57.69%
Cost Of Revenue $2.609B $3.805B
YoY Change -31.43% -62.67%
Gross Profit $1.270B $5.195B
YoY Change -75.55% 71.11%
Gross Profit Margin 32.74% 92.82%
Selling, General & Admin $726.0M $1.714B
YoY Change -57.64% 125.82%
% of Gross Profit 57.17% 32.99%
Research & Development $267.0M $768.0M
YoY Change -65.23% 83.29%
% of Gross Profit 21.02% 14.78%
Depreciation & Amortization $1.519B $1.484B
YoY Change 2.36% 90.75%
% of Gross Profit 119.61% 28.57%
Operating Expenses $993.0M $2.482B
YoY Change -59.99% 110.7%
Operating Profit $277.0M $2.713B
YoY Change -89.79% 46.02%
Interest Expense -$132.0M -$108.0M
YoY Change 22.22% 369.57%
% of Operating Profit -47.65% -3.98%
Other Income/Expense, Net $84.00M $115.0M
YoY Change -26.96% -125.9%
Pretax Income -$165.0M $1.542B
YoY Change -110.7% 36.7%
Income Tax -$91.00M $389.0M
% Of Pretax Income 25.23%
Net Earnings $521.0M $1.093B
YoY Change -52.33% 23.09%
Net Earnings / Revenue 13.43% 19.53%
Basic Earnings Per Share $0.69 $0.47
Diluted Earnings Per Share $0.69 $0.47
COMMON SHARES
Basic Shares Outstanding 750.0M shares 2.317B shares
Diluted Shares Outstanding 750.0M shares 2.334B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.66B $10.54B
YoY Change 10.67%
Cash & Equivalents $11.54B $10.28B
Short-Term Investments $119.0M $257.0M
Other Short-Term Assets $2.236B $1.775B
YoY Change 25.97%
Inventory $16.60B $16.93B
Prepaid Expenses
Receivables $13.96B $11.40B
Other Receivables $4.783B $5.571B
Total Short-Term Assets $49.25B $50.07B
YoY Change -1.64%
LONG-TERM ASSETS
Property, Plant & Equipment $35.58B $36.08B
YoY Change -1.39%
Goodwill $58.95B $60.49B
YoY Change -2.55%
Intangibles $30.47B $32.97B
YoY Change -7.58%
Long-Term Investments $4.687B $5.182B
YoY Change -9.55%
Other Assets $5.801B $2.817B
YoY Change 105.93%
Total Long-Term Assets $140.5B $142.4B
YoY Change -1.27%
TOTAL ASSETS
Total Short-Term Assets $49.25B $50.07B
Total Long-Term Assets $140.5B $142.4B
Total Assets $189.8B $192.4B
YoY Change -1.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.333B $8.754B
YoY Change -4.81%
Accrued Expenses $8.672B $8.580B
YoY Change 1.07%
Deferred Revenue $2.266B $2.037B
YoY Change 11.24%
Short-Term Debt $2.995B $2.411B
YoY Change 24.22%
Long-Term Debt Due $4.009B $2.707B
YoY Change 48.1%
Total Short-Term Liabilities $28.58B $26.30B
YoY Change 8.65%
LONG-TERM LIABILITIES
Long-Term Debt $34.97B $29.34B
YoY Change 19.16%
Other Long-Term Liabilities $10.15B $8.086B
YoY Change 25.56%
Total Long-Term Liabilities $10.15B $8.086B
YoY Change 25.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.58B $26.30B
Total Long-Term Liabilities $10.15B $8.086B
Total Liabilities $38.73B $34.39B
YoY Change 12.63%
SHAREHOLDERS EQUITY
Retained Earnings $29.76B $29.15B
YoY Change 2.11%
Common Stock $24.00M $23.00M
YoY Change 4.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.000B $2.000B
YoY Change 250.0%
Treasury Stock Shares 112.3M shares 28.24M shares
Shareholders Equity $92.44B $100.3B
YoY Change
Total Liabilities & Shareholders Equity $189.8B $192.4B
YoY Change -1.37%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $521.0M $1.093B
YoY Change -52.33% 23.09%
Depreciation, Depletion And Amortization $1.519B $1.484B
YoY Change 2.36% 90.75%
Cash From Operating Activities $26.00M -$2.137B
YoY Change -101.22% 2711.84%
INVESTING ACTIVITIES
Capital Expenditures -$1.139B -$776.0M
YoY Change 46.78% 2.92%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $5.000M $2.000M
YoY Change 150.0%
Cash From Investing Activities -$1.000B $290.0M
YoY Change -444.83% -182.15%
FINANCING ACTIVITIES
Cash Dividend Paid $851.0M $880.0M
YoY Change -3.3% 73.91%
Common Stock Issuance & Retirement, Net $1.516B $892.0M
YoY Change 69.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.032B -$1.543B
YoY Change -33.12% 500.39%
NET CHANGE
Cash From Operating Activities $26.00M -$2.137B
Cash From Investing Activities -$1.000B $290.0M
Cash From Financing Activities -$1.032B -$1.543B
Net Change In Cash -$1.956B -$3.182B
YoY Change -38.53% 405.08%
FREE CASH FLOW
Cash From Operating Activities $26.00M -$2.137B
Capital Expenditures -$1.139B -$776.0M
Free Cash Flow $1.165B -$1.361B
YoY Change -185.6% -300.74%

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