2018 Q2 Form 10-Q Financial Statement

#000139361218000039 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $2.636B $2.338B
YoY Change 12.75% 11.87%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $86.00M $77.00M
YoY Change 11.69% -13.48%
% of Gross Profit
Depreciation & Amortization $109.0M $95.00M
YoY Change 14.74% 3.26%
% of Gross Profit
Operating Expenses $86.00M $77.00M
YoY Change 11.69% -13.48%
Operating Profit
YoY Change
Interest Expense $507.0M $400.0M
YoY Change 26.75% 17.99%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $877.0M $867.0M
YoY Change 1.15% -3.45%
Income Tax $208.0M $321.0M
% Of Pretax Income 23.72% 37.02%
Net Earnings $669.0M $546.0M
YoY Change 22.53% -11.36%
Net Earnings / Revenue 25.38% 23.35%
Basic Earnings Per Share $1.91 $1.41
Diluted Earnings Per Share $1.91 $1.40
COMMON SHARES
Basic Shares Outstanding 348.0M shares 379.0M shares
Diluted Shares Outstanding 348.0M shares 379.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.81B $14.63B
YoY Change 14.92% 11.77%
Cash & Equivalents $15.29B $12.95B
Short-Term Investments $1.522B $1.679B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $874.0M $774.0M
YoY Change 12.92% 9.32%
Goodwill $255.0M $255.0M
YoY Change 0.0% 0.0%
Intangibles $162.0M $164.0M
YoY Change -1.22% -1.8%
Long-Term Investments $275.0M $332.0M
YoY Change -17.17% 6.41%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $102.8B $93.76B
YoY Change 9.59% 7.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.927B $3.196B
YoY Change 22.87% 9.98%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $2.773B $2.201B
YoY Change 25.99% 76.08%
Total Short-Term Liabilities $6.700B $5.397B
YoY Change 24.14% 29.86%
LONG-TERM LIABILITIES
Long-Term Debt $23.48B $24.24B
YoY Change -3.13% 3.44%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $23.48B $24.24B
YoY Change -3.13% 3.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.700B $5.397B
Total Long-Term Liabilities $23.48B $24.24B
Total Liabilities $91.86B $82.50B
YoY Change 11.35% 8.39%
SHAREHOLDERS EQUITY
Retained Earnings $17.79B $15.99B
YoY Change 11.25% 12.69%
Common Stock $6.000M $6.000M
YoY Change 0.0% 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.39B $9.143B
YoY Change 24.62% 28.52%
Treasury Stock Shares 220.7M shares 188.3M shares
Shareholders Equity $10.89B $11.26B
YoY Change
Total Liabilities & Shareholders Equity $102.8B $93.76B
YoY Change 9.59% 7.14%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $669.0M $546.0M
YoY Change 22.53% -11.36%
Depreciation, Depletion And Amortization $109.0M $95.00M
YoY Change 14.74% 3.26%
Cash From Operating Activities $1.586B $1.019B
YoY Change 55.64% 54.86%
INVESTING ACTIVITIES
Capital Expenditures -$60.00M -$56.00M
YoY Change 7.14% 40.0%
Acquisitions
YoY Change
Other Investing Activities -$2.585B -$1.512B
YoY Change 70.97% -1.69%
Cash From Investing Activities -$2.645B -$1.568B
YoY Change 68.69% -0.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -120.0M -1.664B
YoY Change -92.79% 178.26%
NET CHANGE
Cash From Operating Activities 1.586B 1.019B
Cash From Investing Activities -2.645B -1.568B
Cash From Financing Activities -120.0M -1.664B
Net Change In Cash -1.179B -2.213B
YoY Change -46.72% 45.78%
FREE CASH FLOW
Cash From Operating Activities $1.586B $1.019B
Capital Expenditures -$60.00M -$56.00M
Free Cash Flow $1.646B $1.075B
YoY Change 53.12% 54.01%

Facts In Submission

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us-gaap Dividends Common Stock
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us-gaap Dividends Preferred Stock
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us-gaap Fees And Commissions Credit Cards
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Marketing And Advertising Expense
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the condensed consolidated financial statements. The Company believes that the estimates used in the preparation of the condensed consolidated financial statements are reasonable. Actual results could differ from these estimates.</font></div></div>

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