2017 Q1 Form 10-Q Financial Statement

#000104786217000089 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $3.228B $3.156B
YoY Change 2.28% -12.72%
Cost Of Revenue $706.0M $849.0M
YoY Change -16.84% -25.92%
Gross Profit $2.522B $2.307B
YoY Change 9.32% -6.6%
Gross Profit Margin 78.13% 73.1%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $329.0M $297.0M
YoY Change 10.77% 6.45%
% of Gross Profit 13.05% 12.87%
Operating Expenses $2.416B $2.514B
YoY Change -3.9% -13.01%
Operating Profit $812.0M $642.0M
YoY Change 26.48% -11.57%
Interest Expense -$158.0M -$158.0M
YoY Change 0.0% 5.33%
% of Operating Profit -19.46% -24.61%
Other Income/Expense, Net -$16.00M $1.000M
YoY Change -1700.0% -75.0%
Pretax Income $615.0M $474.0M
YoY Change 29.75% -16.7%
Income Tax $227.0M $164.0M
% Of Pretax Income 36.91% 34.6%
Net Earnings $388.0M $310.0M
YoY Change 25.16% -16.22%
Net Earnings / Revenue 12.02% 9.82%
Basic Earnings Per Share $1.27 $1.05
Diluted Earnings Per Share $1.27 $1.05
COMMON SHARES
Basic Shares Outstanding 305.1M shares 293.7M shares
Diluted Shares Outstanding 306.3M shares 294.8M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.00M $71.00M
YoY Change -5.63% -42.28%
Cash & Equivalents $67.00M $61.00M
Short-Term Investments $10.00M
Other Short-Term Assets $122.0M $157.0M
YoY Change -22.29% -40.3%
Inventory $313.0M $342.0M
Prepaid Expenses $553.0M $550.0M
Receivables $1.175B $1.085B
Other Receivables $257.0M $377.0M
Total Short-Term Assets $3.017B $3.185B
YoY Change -5.27% -6.27%
LONG-TERM ASSETS
Property, Plant & Equipment $35.66B $32.97B
YoY Change 8.16% 9.13%
Goodwill $428.0M $429.0M
YoY Change -0.23% 0.0%
Intangibles $122.0M $2.000M
YoY Change 6000.0% -33.33%
Long-Term Investments $1.914B $865.0M
YoY Change 121.27% 6.27%
Other Assets $7.771B $8.559B
YoY Change -9.21% -10.41%
Total Long-Term Assets $45.35B $42.40B
YoY Change 6.97% 4.48%
TOTAL ASSETS
Total Short-Term Assets $3.017B $3.185B
Total Long-Term Assets $45.35B $42.40B
Total Assets $48.37B $45.58B
YoY Change 6.11% 3.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $963.0M $909.0M
YoY Change 5.94% -2.99%
Accrued Expenses $306.0M $288.0M
YoY Change 6.25% 2.86%
Deferred Revenue
YoY Change
Short-Term Debt $836.0M $1.199B
YoY Change -30.28% 131.02%
Long-Term Debt Due $33.00M $739.0M
YoY Change -95.53% 48.99%
Total Short-Term Liabilities $3.441B $4.436B
YoY Change -22.43% 30.2%
LONG-TERM LIABILITIES
Long-Term Debt $14.83B $12.22B
YoY Change 21.33% 4.52%
Other Long-Term Liabilities $5.146B $5.951B
YoY Change -13.53% -13.11%
Total Long-Term Liabilities $15.59B $15.72B
YoY Change -0.84% -2.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.441B $4.436B
Total Long-Term Liabilities $15.59B $15.72B
Total Liabilities $19.03B $20.16B
YoY Change -5.59% 3.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.50B $13.19B
YoY Change
Total Liabilities & Shareholders Equity $48.37B $45.58B
YoY Change 6.11% 3.65%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $388.0M $310.0M
YoY Change 25.16% -16.22%
Depreciation, Depletion And Amortization $329.0M $297.0M
YoY Change 10.77% 6.45%
Cash From Operating Activities $448.0M $524.0M
YoY Change -14.5% -6.26%
INVESTING ACTIVITIES
Capital Expenditures $113.0M $210.0M
YoY Change -46.19% 400.0%
Acquisitions
YoY Change
Other Investing Activities -$16.00M $13.00M
YoY Change -223.08% -316.67%
Cash From Investing Activities -$856.0M -$1.118B
YoY Change -23.43% 67.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.00M -$15.00M
YoY Change -180.0% -850.0%
Debt Paid & Issued, Net $408.0M $1.000M
YoY Change 40700.0%
Cash From Financing Activities -$320.0M -$287.0M
YoY Change 11.5% -39.45%
NET CHANGE
Cash From Operating Activities $448.0M $524.0M
Cash From Investing Activities -$856.0M -$1.118B
Cash From Financing Activities -$320.0M -$287.0M
Net Change In Cash -$728.0M -$881.0M
YoY Change -17.37% 51.37%
FREE CASH FLOW
Cash From Operating Activities $448.0M $524.0M
Capital Expenditures $113.0M $210.0M
Free Cash Flow $335.0M $314.0M
YoY Change 6.69% -39.26%

Facts In Submission

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