2019 Q1 Form 10-Q Financial Statement

#000082118919000020 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $4.059B $3.681B
YoY Change 10.25% 41.01%
Cost Of Revenue $1.901B $1.692B
YoY Change 12.35% 39.19%
Gross Profit $2.162B $2.005B
YoY Change 7.85% 41.96%
Gross Profit Margin 53.26% 54.45%
Selling, General & Admin $299.6M $273.8M
YoY Change 9.42% 20.35%
% of Gross Profit 13.86% 13.66%
Research & Development $29.90M $27.90M
YoY Change 7.17% -44.97%
% of Gross Profit 1.38% 1.39%
Depreciation & Amortization $879.6M $748.6M
YoY Change 17.5% -8.26%
% of Gross Profit 40.69% 37.35%
Operating Expenses $1.209B $1.050B
YoY Change 15.12% -4.03%
Operating Profit $876.5M $874.6M
YoY Change 0.22% 711.71%
Interest Expense $54.91M $61.96M
YoY Change -11.38% -13.37%
% of Operating Profit 6.26% 7.08%
Other Income/Expense, Net $5.612M $727.0K
YoY Change 671.94% -76.93%
Pretax Income $827.2M $813.4M
YoY Change 1.71% 1965.31%
Income Tax $191.8M $174.8M
% Of Pretax Income 23.19% 21.49%
Net Earnings $635.4M $638.6M
YoY Change -0.5% 2139.33%
Net Earnings / Revenue 15.66% 17.35%
Basic Earnings Per Share $1.10 $1.11
Diluted Earnings Per Share $1.10 $1.10
COMMON SHARES
Basic Shares Outstanding 577.2M shares 575.8M shares
Diluted Shares Outstanding 580.2M shares 579.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.136B $816.0M
YoY Change 39.22% -47.25%
Cash & Equivalents $1.136B $816.1M
Short-Term Investments
Other Short-Term Assets $263.7M $218.6M
YoY Change 20.64% -17.36%
Inventory $860.8M $584.7M
Prepaid Expenses
Receivables $2.203B $1.343B
Other Receivables $441.0M $263.0M
Total Short-Term Assets $4.908B $3.585B
YoY Change 36.9% 5.63%
LONG-TERM ASSETS
Property, Plant & Equipment $29.13B $26.38B
YoY Change 10.44% 3.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.625B $761.6M
YoY Change 113.42% 290.15%
Total Long-Term Assets $30.76B $27.16B
YoY Change 13.26% 5.18%
TOTAL ASSETS
Total Short-Term Assets $4.908B $3.585B
Total Long-Term Assets $30.76B $27.16B
Total Assets $35.66B $30.74B
YoY Change 16.01% 5.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.452B $1.916B
YoY Change 28.02% 23.04%
Accrued Expenses $396.0M $179.6M
YoY Change 120.43% 25.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $914.9M $363.2M
YoY Change 151.92% 5419.91%
Total Short-Term Liabilities $4.301B $2.837B
YoY Change 51.63% 39.6%
LONG-TERM LIABILITIES
Long-Term Debt $5.166B $6.072B
YoY Change -14.91% -13.01%
Other Long-Term Liabilities $1.772B $1.302B
YoY Change 36.12% 4.31%
Total Long-Term Liabilities $6.938B $7.374B
YoY Change -5.9% -10.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.301B $2.837B
Total Long-Term Liabilities $6.938B $7.374B
Total Liabilities $11.24B $10.21B
YoY Change 10.08% -0.49%
SHAREHOLDERS EQUITY
Retained Earnings $14.05B $11.13B
YoY Change 26.3% 33.55%
Common Stock $205.8M $205.8M
YoY Change 0.01% 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $45.01M $45.11M
YoY Change -0.21% 24.88%
Treasury Stock Shares 425.6K shares 460.0K shares
Shareholders Equity $19.90B $16.84B
YoY Change
Total Liabilities & Shareholders Equity $35.66B $30.74B
YoY Change 16.01% 5.23%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $635.4M $638.6M
YoY Change -0.5% 2139.33%
Depreciation, Depletion And Amortization $879.6M $748.6M
YoY Change 17.5% -8.26%
Cash From Operating Activities $1.608B $1.552B
YoY Change 3.58% 72.84%
INVESTING ACTIVITIES
Capital Expenditures -$2.000B -$1.441B
YoY Change 38.8% 52.25%
Acquisitions
YoY Change
Other Investing Activities $109.4M -$15.20M
YoY Change -819.74% -113.81%
Cash From Investing Activities -$1.891B -$1.456B
YoY Change 29.84% 74.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.248M $16.78M
YoY Change -62.76% -9.94%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$136.6M -$114.0M
YoY Change 19.85% -0.55%
NET CHANGE
Cash From Operating Activities $1.608B $1.552B
Cash From Investing Activities -$1.891B -$1.456B
Cash From Financing Activities -$136.6M -$114.0M
Net Change In Cash -$419.8M -$18.22M
YoY Change 2203.65% -65.6%
FREE CASH FLOW
Cash From Operating Activities $1.608B $1.552B
Capital Expenditures -$2.000B -$1.441B
Free Cash Flow $3.608B $2.993B
YoY Change 20.54% 62.27%

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