2018 Q1 Form 10-Q Financial Statement

#000104786218000085 Filed on May 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $3.364B $3.228B
YoY Change 4.21% 2.28%
Cost Of Revenue $731.0M $706.0M
YoY Change 3.54% -16.84%
Gross Profit $2.633B $2.522B
YoY Change 4.4% 9.32%
Gross Profit Margin 78.27% 78.13%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $348.0M $329.0M
YoY Change 5.78% 10.77%
% of Gross Profit 13.22% 13.05%
Operating Expenses $2.609B $2.416B
YoY Change 7.99% -3.9%
Operating Profit $755.0M $812.0M
YoY Change -7.02% 26.48%
Interest Expense -$168.0M -$158.0M
YoY Change 6.33% 0.0%
% of Operating Profit -22.25% -19.46%
Other Income/Expense, Net -$15.00M -$16.00M
YoY Change -6.25% -1700.0%
Pretax Income $545.0M $615.0M
YoY Change -11.38% 29.75%
Income Tax $117.0M $227.0M
% Of Pretax Income 21.47% 36.91%
Net Earnings $428.0M $388.0M
YoY Change 10.31% 25.16%
Net Earnings / Revenue 12.72% 12.02%
Basic Earnings Per Share $1.38 $1.27
Diluted Earnings Per Share $1.37 $1.27
COMMON SHARES
Basic Shares Outstanding 310.4M shares 305.1M shares
Diluted Shares Outstanding 311.6M shares 306.3M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $651.0M $67.00M
YoY Change 871.64% -5.63%
Cash & Equivalents $651.0M $67.00M
Short-Term Investments
Other Short-Term Assets $86.00M $122.0M
YoY Change -29.51% -22.29%
Inventory $301.0M $313.0M
Prepaid Expenses $600.0M $553.0M
Receivables $1.250B $1.175B
Other Receivables $258.0M $257.0M
Total Short-Term Assets $3.773B $3.017B
YoY Change 25.06% -5.27%
LONG-TERM ASSETS
Property, Plant & Equipment $38.08B $35.66B
YoY Change 6.76% 8.16%
Goodwill $428.0M $428.0M
YoY Change 0.0% -0.23%
Intangibles $129.0M $122.0M
YoY Change 5.74% 6000.0%
Long-Term Investments $2.012B $1.914B
YoY Change 5.12% 121.27%
Other Assets $5.040B $7.771B
YoY Change -35.14% -9.21%
Total Long-Term Assets $45.13B $45.35B
YoY Change -0.49% 6.97%
TOTAL ASSETS
Total Short-Term Assets $3.773B $3.017B
Total Long-Term Assets $45.13B $45.35B
Total Assets $48.90B $48.37B
YoY Change 1.11% 6.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.236B $963.0M
YoY Change 28.35% 5.94%
Accrued Expenses $317.0M $306.0M
YoY Change 3.59% 6.25%
Deferred Revenue
YoY Change
Short-Term Debt $1.389B $836.0M
YoY Change 66.15% -30.28%
Long-Term Debt Due $1.291B $33.00M
YoY Change 3812.12% -95.53%
Total Short-Term Liabilities $5.651B $3.441B
YoY Change 64.23% -22.43%
LONG-TERM LIABILITIES
Long-Term Debt $14.73B $14.83B
YoY Change -0.67% 21.33%
Other Long-Term Liabilities $7.220B $5.146B
YoY Change 40.3% -13.53%
Total Long-Term Liabilities $12.86B $15.59B
YoY Change -17.52% -0.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.651B $3.441B
Total Long-Term Liabilities $12.86B $15.59B
Total Liabilities $18.51B $19.03B
YoY Change -2.74% -5.59%
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 $15.65B $14.50B
YoY Change
Total Liabilities & Shareholders Equity $48.90B $48.37B
YoY Change 1.11% 6.11%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $428.0M $388.0M
YoY Change 10.31% 25.16%
Depreciation, Depletion And Amortization $348.0M $329.0M
YoY Change 5.78% 10.77%
Cash From Operating Activities $143.0M $448.0M
YoY Change -68.08% -14.5%
INVESTING ACTIVITIES
Capital Expenditures $35.00M $113.0M
YoY Change -69.03% -46.19%
Acquisitions
YoY Change
Other Investing Activities -$11.00M -$16.00M
YoY Change -31.25% -223.08%
Cash From Investing Activities -$909.0M -$856.0M
YoY Change 6.19% -23.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.00M $12.00M
YoY Change 8.33% -180.0%
Debt Paid & Issued, Net $10.00M $408.0M
YoY Change -97.55% 40700.0%
Cash From Financing Activities $605.0M -$320.0M
YoY Change -289.06% 11.5%
NET CHANGE
Cash From Operating Activities $143.0M $448.0M
Cash From Investing Activities -$909.0M -$856.0M
Cash From Financing Activities $605.0M -$320.0M
Net Change In Cash -$161.0M -$728.0M
YoY Change -77.88% -17.37%
FREE CASH FLOW
Cash From Operating Activities $143.0M $448.0M
Capital Expenditures $35.00M $113.0M
Free Cash Flow $108.0M $335.0M
YoY Change -67.76% 6.69%

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