2017 Q3 Form 10-Q Financial Statement

#000003260417000036 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $4.435B $4.039B $3.674B
YoY Change 12.79% 9.93% -10.06%
Cost Of Revenue $2.625B $2.361B $2.081B
YoY Change 17.29% 13.46% -36.34%
Gross Profit $1.804B $1.678B $1.593B
YoY Change 5.31% 5.34% -9.44%
Gross Profit Margin 40.68% 41.54% 43.36%
Selling, General & Admin $997.0M $931.0M $852.0M
YoY Change 16.61% 9.27% -33.23%
% of Gross Profit 55.27% 55.48% 53.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $182.0M $171.0M $303.0M
YoY Change -966.67% -43.56% 50.75%
% of Gross Profit 10.09% 10.19% 19.02%
Operating Expenses $1.047B $931.0M $852.0M
YoY Change 13.19% 9.27% -33.23%
Operating Profit $757.0M $747.0M $741.0M
YoY Change -3.93% 0.81% 53.42%
Interest Expense -$45.00M -$39.00M -$46.00M
YoY Change 50.0% -15.22% 15.0%
% of Operating Profit -5.94% -5.22% -6.21%
Other Income/Expense, Net -$25.00M -$4.000M
YoY Change 525.0% -88.24%
Pretax Income $685.0M $621.0M $656.0M
YoY Change 1.63% -5.34% -17.59%
Income Tax $183.0M $202.0M $205.0M
% Of Pretax Income 26.72% 32.53% 31.25%
Net Earnings $504.0M $413.0M $479.0M
YoY Change 15.07% -13.78% -15.07%
Net Earnings / Revenue 11.36% 10.23% 13.04%
Basic Earnings Per Share $0.78 $0.64 $0.74
Diluted Earnings Per Share $0.78 $0.64 $0.74
COMMON SHARES
Basic Shares Outstanding 640.0M shares 642.8M shares 642.2M shares
Diluted Shares Outstanding 643.8M shares 645.2M shares

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.062B $3.140B $3.516B
YoY Change -3.77% -10.69% 3.63%
Cash & Equivalents $3.062B $3.140B $3.516B
Short-Term Investments
Other Short-Term Assets $422.0M $597.0M $741.0M
YoY Change -36.92% -19.43% -11.26%
Inventory $1.696B $1.891B $1.949B
Prepaid Expenses
Receivables $3.072B $2.926B $4.014B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.252B $8.554B $10.22B
YoY Change -17.15% -16.3% -3.98%
LONG-TERM ASSETS
Property, Plant & Equipment $3.321B $3.304B $3.521B
YoY Change 13.31% -6.16% -2.47%
Goodwill $5.316B $5.296B $6.667B
YoY Change 35.99% -20.56% -3.8%
Intangibles $1.890B $1.868B $1.411B
YoY Change 109.53% 32.39% -10.41%
Long-Term Investments
YoY Change
Other Assets $810.0M $380.0M $263.0M
YoY Change 305.0% 44.49% -62.7%
Total Long-Term Assets $11.34B $10.85B $11.86B
YoY Change -3.7% -8.55% -7.47%
TOTAL ASSETS
Total Short-Term Assets $8.252B $8.554B $10.22B
Total Long-Term Assets $11.34B $10.85B $11.86B
Total Assets $19.59B $19.40B $22.08B
YoY Change -9.86% -12.14% -5.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.776B $1.613B $2.230B
YoY Change 17.07% -27.67% -7.16%
Accrued Expenses $2.342B $2.175B $2.797B
YoY Change 10.16% -22.24% 4.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $270.0M $1.363B $3.220B
YoY Change 1.12% -57.67% 1.29%
Total Short-Term Liabilities $5.045B $5.370B $8.326B
YoY Change -37.0% -35.5% 0.17%
LONG-TERM LIABILITIES
Long-Term Debt $3.794B $3.797B $4.062B
YoY Change -6.34% -6.52% -5.31%
Other Long-Term Liabilities $551.0M $846.0M $1.739B
YoY Change 28.14% -51.35% -15.71%
Total Long-Term Liabilities $4.345B $4.643B $5.801B
YoY Change -3.04% -19.96% -8.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.045B $5.370B $8.326B
Total Long-Term Liabilities $4.345B $4.643B $5.801B
Total Liabilities $9.390B $10.01B $14.13B
YoY Change -24.81% -29.12% -3.67%
SHAREHOLDERS EQUITY
Retained Earnings $22.00B $21.80B $21.58B
YoY Change 1.28% 1.01% 2.93%
Common Stock $477.0M $477.0M $477.0M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.03B $13.09B $12.80B
YoY Change 1.57% 2.27% 8.4%
Treasury Stock Shares 311.7M shares 313.4M shares 310.0M shares
Shareholders Equity $8.718B $7.966B $7.901B
YoY Change
Total Liabilities & Shareholders Equity $19.59B $19.40B $22.08B
YoY Change -9.86% -12.14% -5.89%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $504.0M $413.0M $479.0M
YoY Change 15.07% -13.78% -15.07%
Depreciation, Depletion And Amortization $182.0M $171.0M $303.0M
YoY Change -966.67% -43.56% 50.75%
Cash From Operating Activities $854.0M $648.0M $718.0M
YoY Change -10.76% -9.75% 43.89%
INVESTING ACTIVITIES
Capital Expenditures -$176.0M -$106.0M -$144.0M
YoY Change 89.25% -26.39% -8.28%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$2.994B -$41.00M
YoY Change -99.38% 7202.44% -57.73%
Cash From Investing Activities -$177.0M -$3.100B -$185.0M
YoY Change -30.04% 1575.68% -27.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -814.0M 505.0M -325.0M
YoY Change -18.19% -255.38% 107.01%
NET CHANGE
Cash From Operating Activities 854.0M 648.0M 718.0M
Cash From Investing Activities -177.0M -3.100B -185.0M
Cash From Financing Activities -814.0M 505.0M -325.0M
Net Change In Cash -137.0M -1.947B 208.0M
YoY Change -52.92% -1036.06% 136.36%
FREE CASH FLOW
Cash From Operating Activities $854.0M $648.0M $718.0M
Capital Expenditures -$176.0M -$106.0M -$144.0M
Free Cash Flow $1.030B $754.0M $862.0M
YoY Change -1.9% -12.53% 31.4%

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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
642200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
644700000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
642800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
643100000 shares

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