2017 Q3 Form 10-Q Financial Statement

#000132616017000175 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $6.482B $6.576B
YoY Change -1.43% 6.03%
Cost Of Revenue $1.931B $2.037B
YoY Change -5.2% -4.55%
Gross Profit $4.551B $4.539B
YoY Change 0.26% 4.37%
Gross Profit Margin 70.21% 69.02%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.037B $979.0M
YoY Change 5.92% 9.26%
% of Gross Profit 22.79% 21.57%
Operating Expenses $2.689B $2.581B
YoY Change 4.18% 1.06%
Operating Profit $1.661B $1.954B
YoY Change -14.99% 21.67%
Interest Expense $498.0M $464.0M
YoY Change 7.33% 15.42%
% of Operating Profit 29.98% 23.75%
Other Income/Expense, Net $158.0M $26.00M
YoY Change 507.69% -64.86%
Pretax Income $1.321B $1.516B
YoY Change -12.86% 11.47%
Income Tax $364.0M $515.0M
% Of Pretax Income 27.55% 33.97%
Net Earnings $954.0M $1.176B
YoY Change -18.88% 26.18%
Net Earnings / Revenue 14.72% 17.88%
Basic Earnings Per Share $1.36 $1.70
Diluted Earnings Per Share $1.36 $1.70
COMMON SHARES
Basic Shares Outstanding 700.0M shares 689.0M shares
Diluted Shares Outstanding 700.0M shares 691.0M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $330.0M $6.223B
YoY Change -94.7% 354.23%
Cash & Equivalents $282.0M $5.716B
Short-Term Investments $48.00M $44.00M
Other Short-Term Assets $1.494B $1.238B
YoY Change 20.68% -51.05%
Inventory $3.265B $3.351B
Prepaid Expenses
Receivables $2.089B $2.722B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.706B $13.53B
YoY Change -43.06% 32.75%
LONG-TERM ASSETS
Property, Plant & Equipment $84.86B $78.22B
YoY Change 8.5% 6.02%
Goodwill $19.42B $16.35B
YoY Change 18.74% 0.26%
Intangibles
YoY Change
Long-Term Investments $1.366B $626.0M
YoY Change 118.21% 24.95%
Other Assets $2.792B $2.948B
YoY Change -5.29% -8.02%
Total Long-Term Assets $128.6B $116.2B
YoY Change 10.73% 4.79%
TOTAL ASSETS
Total Short-Term Assets $7.706B $13.53B
Total Long-Term Assets $128.6B $116.2B
Total Assets $136.3B $129.7B
YoY Change 5.12% 7.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.645B $2.138B
YoY Change 23.71% 2.89%
Accrued Expenses $1.165B $1.140B
YoY Change 2.19% 2.61%
Deferred Revenue
YoY Change
Short-Term Debt $1.899B $3.011B
YoY Change -36.93% 24.47%
Long-Term Debt Due $2.485B $3.201B
YoY Change -22.37% 26.22%
Total Short-Term Liabilities $10.82B $12.08B
YoY Change -10.4% 14.83%
LONG-TERM LIABILITIES
Long-Term Debt $48.93B $43.96B
YoY Change 11.29% 16.72%
Other Long-Term Liabilities $19.34B $19.41B
YoY Change -0.37% 4.56%
Total Long-Term Liabilities $48.93B $43.96B
YoY Change 11.29% 16.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.82B $12.08B
Total Long-Term Liabilities $48.93B $43.96B
Total Liabilities $59.75B $56.04B
YoY Change 6.62% 16.31%
SHAREHOLDERS EQUITY
Retained Earnings $2.936B $3.212B
YoY Change -8.59% 20.93%
Common Stock $38.78B $38.00B
YoY Change 2.04% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.63B $40.49B
YoY Change
Total Liabilities & Shareholders Equity $136.3B $129.7B
YoY Change 5.12% 7.15%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $954.0M $1.176B
YoY Change -18.88% 26.18%
Depreciation, Depletion And Amortization $1.037B $979.0M
YoY Change 5.92% 9.26%
Cash From Operating Activities $2.178B $2.416B
YoY Change -9.85% -4.01%
INVESTING ACTIVITIES
Capital Expenditures -$1.910B -$1.859B
YoY Change 2.74% 17.66%
Acquisitions
YoY Change
Other Investing Activities -$77.00M -$88.00M
YoY Change -12.5% -93.79%
Cash From Investing Activities -$1.987B -$1.947B
YoY Change 2.05% -35.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -235.0M 5.045B
YoY Change -104.66% 466.85%
NET CHANGE
Cash From Operating Activities 2.178B 2.416B
Cash From Investing Activities -1.987B -1.947B
Cash From Financing Activities -235.0M 5.045B
Net Change In Cash -44.00M 5.514B
YoY Change -100.8% 1244.88%
FREE CASH FLOW
Cash From Operating Activities $2.178B $2.416B
Capital Expenditures -$1.910B -$1.859B
Free Cash Flow $4.088B $4.275B
YoY Change -4.37% 4.34%

Facts In Submission

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us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
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30000000 USD
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us-gaap Unregulated Operating Revenue
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us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
689000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
700000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
700000000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.</font></div></div>

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