2016 Q3 Form 10-K Financial Statement

#000003260417000046 Filed on November 20, 2017

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2016 Q1
Revenue $3.932B $3.674B $3.579B
YoY Change -6.47% -10.06% -9.02%
Cost Of Revenue $2.238B $2.081B $2.037B
YoY Change -506.91% -36.34% -37.01%
Gross Profit $1.713B $1.593B $1.542B
YoY Change -6.03% -9.44% -8.54%
Gross Profit Margin 43.57% 43.36% 43.08%
Selling, General & Admin $855.0M $852.0M $878.0M
YoY Change -423.86% -33.23% -33.38%
% of Gross Profit 49.91% 53.48% 56.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$21.00M $303.0M $142.0M
YoY Change -47.5% 50.75% -30.73%
% of Gross Profit -1.23% 19.02% 9.21%
Operating Expenses $925.0M $852.0M $878.0M
YoY Change -403.28% -33.23% -33.38%
Operating Profit $788.0M $741.0M $664.0M
YoY Change -62.97% 53.42% 80.43%
Interest Expense -$30.00M -$46.00M -$46.00M
YoY Change 0.0% 15.0% 15.0%
% of Operating Profit -3.81% -6.21% -6.93%
Other Income/Expense, Net -$4.000M -$33.00M
YoY Change -88.24% -15.38%
Pretax Income $674.0M $656.0M $552.0M
YoY Change 4.98% -17.59% -65.59%
Income Tax $188.0M $205.0M $177.0M
% Of Pretax Income 27.89% 31.25% 32.07%
Net Earnings $438.0M $479.0M $369.0M
YoY Change -32.41% -15.07% -62.08%
Net Earnings / Revenue 11.14% 13.04% 10.31%
Basic Earnings Per Share $0.68 $0.74 $0.57
Diluted Earnings Per Share $0.68 $0.74 $0.57
COMMON SHARES
Basic Shares Outstanding 643.5M shares 642.2M shares 642.0M shares
Diluted Shares Outstanding 645.2M shares 644.7M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.182B $3.516B $3.322B
YoY Change 4.19% 3.63% 2.03%
Cash & Equivalents $3.182B $3.516B $3.322B
Short-Term Investments
Other Short-Term Assets $669.0M $741.0M $767.0M
YoY Change -7.6% -11.26% 12.46%
Inventory $1.208B $1.949B $1.950B
Prepaid Expenses
Receivables $2.701B $4.014B $3.874B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.960B $10.22B $9.913B
YoY Change -0.89% -3.98% -4.17%
LONG-TERM ASSETS
Property, Plant & Equipment $2.931B $3.521B $3.523B
YoY Change 0.07% -2.47% -1.32%
Goodwill $3.909B $6.667B $6.642B
YoY Change 1.61% -3.8% -2.4%
Intangibles $902.0M $1.411B $1.437B
YoY Change -3.84% -10.41% -7.59%
Long-Term Investments
YoY Change
Other Assets $200.0M $263.0M $249.0M
YoY Change -16.32% -62.7% -64.12%
Total Long-Term Assets $11.77B $11.86B $11.85B
YoY Change -2.22% -7.47% -6.12%
TOTAL ASSETS
Total Short-Term Assets $9.960B $10.22B $9.913B
Total Long-Term Assets $11.77B $11.86B $11.85B
Total Assets $21.73B $22.08B $21.76B
YoY Change -1.61% -5.89% -5.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.517B $2.230B $2.140B
YoY Change -1.3% -7.16% -11.09%
Accrued Expenses $2.126B $2.797B $2.722B
YoY Change 3.3% 4.44% 4.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $267.0M $3.220B $3.232B
YoY Change -8.25% 1.29% -3.75%
Total Short-Term Liabilities $8.008B $8.326B $8.182B
YoY Change 2.67% 0.17% -6.7%
LONG-TERM LIABILITIES
Long-Term Debt $4.051B $4.062B $4.062B
YoY Change -5.55% -5.31% 24.14%
Other Long-Term Liabilities $430.0M $1.739B $1.777B
YoY Change -72.06% -15.71% -9.24%
Total Long-Term Liabilities $4.481B $5.801B $5.839B
YoY Change -23.11% -8.69% 11.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.008B $8.326B $8.182B
Total Long-Term Liabilities $4.481B $5.801B $5.839B
Total Liabilities $12.49B $14.13B $14.02B
YoY Change -8.36% -3.67% 0.15%
SHAREHOLDERS EQUITY
Retained Earnings $21.72B $21.58B $21.41B
YoY Change 1.91% 2.93% 3.34%
Common Stock $477.0M $477.0M $477.0M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.83B $12.80B $12.80B
YoY Change 4.68% 8.4% 14.54%
Treasury Stock Shares 310.6M shares 310.0M shares 310.1M shares
Shareholders Equity $7.568B $7.901B $7.692B
YoY Change
Total Liabilities & Shareholders Equity $21.73B $22.08B $21.76B
YoY Change -1.61% -5.89% -5.24%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2016 Q1
OPERATING ACTIVITIES
Net Income $438.0M $479.0M $369.0M
YoY Change -32.41% -15.07% -62.08%
Depreciation, Depletion And Amortization -$21.00M $303.0M $142.0M
YoY Change -47.5% 50.75% -30.73%
Cash From Operating Activities $957.0M $718.0M $719.0M
YoY Change -13.08% 43.89% 100.84%
INVESTING ACTIVITIES
Capital Expenditures -$93.00M -$144.0M -$86.00M
YoY Change 29.17% -8.28% -43.42%
Acquisitions
YoY Change
Other Investing Activities -$160.0M -$41.00M $61.00M
YoY Change -237.93% -57.73% -95.41%
Cash From Investing Activities -$253.0M -$185.0M -$25.00M
YoY Change -675.0% -27.17% -102.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -995.0M -325.0M -514.0M
YoY Change -27.69% 107.01% -59.5%
NET CHANGE
Cash From Operating Activities 957.0M 718.0M 719.0M
Cash From Investing Activities -253.0M -185.0M -25.00M
Cash From Financing Activities -995.0M -325.0M -514.0M
Net Change In Cash -291.0M 208.0M 180.0M
YoY Change 25.97% 136.36% -32.33%
FREE CASH FLOW
Cash From Operating Activities $957.0M $718.0M $719.0M
Capital Expenditures -$93.00M -$144.0M -$86.00M
Free Cash Flow $1.050B $862.0M $805.0M
YoY Change -10.49% 31.4% 57.84%

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1651000000 USD
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168000000 USD
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1890000000 USD
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CY2015Q3 us-gaap Goodwill
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CY2016Q3 us-gaap Goodwill
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CY2017 us-gaap Goodwill Acquired During Period
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CY2017 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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CY2016Q3 us-gaap Gross Profit
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CY2016 us-gaap Gross Profit
GrossProfit
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CY2016Q4 us-gaap Gross Profit
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CY2017Q3 us-gaap Gross Profit
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CY2016Q3 us-gaap Income Loss From Continuing Operations
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CY2016 us-gaap Income Loss From Continuing Operations
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2335000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2540000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2016Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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IncomeLossFromContinuingOperationsPerDilutedShare
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
193000000 USD
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IncomeLossFromDiscontinuedOperationsNetOfTax
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IncomeLossFromDiscontinuedOperationsNetOfTax
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45000000 USD
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
660000000 USD
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CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2015 us-gaap Increase Decrease In Accounts Payable
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135000000 USD
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140000000 USD
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441000000 USD
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210000000 USD
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324000000 USD
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132000000 USD
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2990000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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588000000 USD
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447000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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476000000 USD
CY2016Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1037000000 USD
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664000000 USD
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1200 employees
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78000000 USD
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70000000 USD
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2.50
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2.50
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5400000 shares
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5400000 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
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2000000 USD
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3200000 shares
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676500000 shares
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646800000 shares
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643400000 shares
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673300000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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644000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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642100000 shares

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