2018 Q4 Form 10-Q Financial Statement

#000132616018000201 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $6.115B $6.628B $6.482B
YoY Change 5.45% 2.25% -1.43%
Cost Of Revenue $1.887B $1.989B $1.931B
YoY Change 9.26% 3.0% -5.2%
Gross Profit $4.228B $4.639B $4.551B
YoY Change 3.83% 1.93% 0.26%
Gross Profit Margin 69.14% 69.99% 70.21%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.249B $1.197B $1.037B
YoY Change 18.28% 15.43% 5.92%
% of Gross Profit 29.54% 25.8% 22.79%
Operating Expenses $3.292B $2.946B $2.689B
YoY Change 17.53% 9.56% 4.18%
Operating Profit $871.0M $1.579B $1.661B
YoY Change -27.96% -4.94% -14.99%
Interest Expense -$510.0M $517.0M $498.0M
YoY Change 3.45% 3.82% 7.33%
% of Operating Profit -58.55% 32.74% 29.98%
Other Income/Expense, Net $72.00M $168.0M $158.0M
YoY Change -52.0% 6.33% 507.69%
Pretax Income $433.0M $1.230B $1.321B
YoY Change -50.0% -6.89% -12.86%
Income Tax -$21.00M $168.0M $364.0M
% Of Pretax Income -4.85% 13.66% 27.55%
Net Earnings $464.0M $1.082B $954.0M
YoY Change -34.0% 13.42% -18.88%
Net Earnings / Revenue 7.59% 16.32% 14.72%
Basic Earnings Per Share $0.65 $1.51 $1.36
Diluted Earnings Per Share $0.65 $1.51 $1.36
COMMON SHARES
Basic Shares Outstanding 712.9M shares 713.0M shares 700.0M shares
Diluted Shares Outstanding 714.0M shares 700.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $479.0M $350.0M $330.0M
YoY Change 21.88% 6.06% -94.7%
Cash & Equivalents $442.0M $303.0M $282.0M
Short-Term Investments $37.00M $47.00M $48.00M
Other Short-Term Assets $3.017B $2.951B $1.494B
YoY Change 48.18% 97.52% 20.68%
Inventory $3.084B $3.140B $3.265B
Prepaid Expenses
Receivables $2.172B $2.397B $2.089B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.714B $9.520B $7.706B
YoY Change 14.92% 23.54% -43.06%
LONG-TERM ASSETS
Property, Plant & Equipment $91.69B $89.87B $84.86B
YoY Change 6.14% 5.9% 8.5%
Goodwill $19.30B $19.30B $19.42B
YoY Change -0.48% -0.59% 18.74%
Intangibles
YoY Change
Long-Term Investments $1.409B $1.328B $1.366B
YoY Change 19.91% -2.78% 118.21%
Other Assets $2.935B $3.112B $2.792B
YoY Change -0.84% 11.46% -5.29%
Total Long-Term Assets $135.7B $133.6B $128.6B
YoY Change 4.8% 3.91% 10.73%
TOTAL ASSETS
Total Short-Term Assets $9.714B $9.520B $7.706B
Total Long-Term Assets $135.7B $133.6B $128.6B
Total Assets $145.4B $143.2B $136.3B
YoY Change 5.42% 5.02% 5.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.487B $3.234B $2.645B
YoY Change 14.59% 22.27% 23.71%
Accrued Expenses $1.136B $1.231B $1.165B
YoY Change 5.58% 5.67% 2.19%
Deferred Revenue
YoY Change
Short-Term Debt $3.410B $2.891B $1.899B
YoY Change 57.65% 52.24% -36.93%
Long-Term Debt Due $3.406B $3.455B $2.485B
YoY Change 4.99% 39.03% -22.37%
Total Short-Term Liabilities $15.04B $13.92B $10.82B
YoY Change 20.5% 28.67% -10.4%
LONG-TERM LIABILITIES
Long-Term Debt $51.12B $50.51B $48.93B
YoY Change 4.26% 3.23% 11.29%
Other Long-Term Liabilities $27.02B $27.42B $19.34B
YoY Change -1.75% 41.76% -0.37%
Total Long-Term Liabilities $51.12B $50.51B $48.93B
YoY Change 4.26% 3.23% 11.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.04B $13.92B $10.82B
Total Long-Term Liabilities $51.12B $50.51B $48.93B
Total Liabilities $66.16B $64.43B $59.75B
YoY Change 7.55% 7.83% 6.62%
SHAREHOLDERS EQUITY
Retained Earnings $3.113B $3.313B $2.936B
YoY Change 3.32% 12.84% -8.59%
Common Stock $40.80B $39.75B $38.78B
YoY Change 5.16% 2.51% 2.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.82B $43.00B $41.63B
YoY Change
Total Liabilities & Shareholders Equity $145.4B $143.2B $136.3B
YoY Change 5.42% 5.02% 5.12%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $464.0M $1.082B $954.0M
YoY Change -34.0% 13.42% -18.88%
Depreciation, Depletion And Amortization $1.249B $1.197B $1.037B
YoY Change 18.28% 15.43% 5.92%
Cash From Operating Activities $1.519B $2.365B $2.178B
YoY Change -7.72% 8.59% -9.85%
INVESTING ACTIVITIES
Capital Expenditures -$2.637B -$2.377B -$1.910B
YoY Change 19.27% 24.45% 2.74%
Acquisitions
YoY Change
Other Investing Activities -$153.0M -$248.0M -$77.00M
YoY Change -253.0% 222.08% -12.5%
Cash From Investing Activities -$2.790B -$2.625B -$1.987B
YoY Change 32.16% 32.11% 2.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.413B 282.0M -235.0M
YoY Change 160.22% -220.0% -104.66%
NET CHANGE
Cash From Operating Activities 1.519B 2.365B 2.178B
Cash From Investing Activities -2.790B -2.625B -1.987B
Cash From Financing Activities 1.413B 282.0M -235.0M
Net Change In Cash 142.0M 22.00M -44.00M
YoY Change 82.05% -150.0% -100.8%
FREE CASH FLOW
Cash From Operating Activities $1.519B $2.365B $2.178B
Capital Expenditures -$2.637B -$2.377B -$1.910B
Free Cash Flow $4.156B $4.742B $4.088B
YoY Change 7.75% 16.0% -4.37%

Facts In Submission

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2990000000 USD
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CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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us-gaap Profit Loss
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unregulated Operating Revenue
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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 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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CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
700000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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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: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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