2020 Q1 Form 10-K Financial Statement

#000106121920000014 Filed on February 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q2
Revenue $7.483B $8.005B $8.276B
YoY Change -12.42% -12.82% -2.26%
Cost Of Revenue $4.823B $5.812B $6.072B
YoY Change -23.28% -15.24% -10.93%
Gross Profit $2.660B $2.194B $2.204B
YoY Change 17.83% -5.68% 33.58%
Gross Profit Margin 35.54% 27.4% 26.63%
Selling, General & Admin $55.50M $51.50M $52.50M
YoY Change 6.32% 0.59% 2.94%
% of Gross Profit 2.09% 2.35% 2.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $412.2M $492.6M $488.6M
YoY Change -13.13% 14.27% 6.61%
% of Gross Profit 15.5% 22.46% 22.17%
Operating Expenses $808.3M $828.8M $776.3M
YoY Change 3.5% 2.73% 0.69%
Operating Profit $1.508B $1.418B $1.560B
YoY Change -7.3% -13.56% 58.18%
Interest Expense $317.5M -$139.2M -$179.3M
YoY Change 14.54% -23.39% 10.68%
% of Operating Profit 21.06% -9.82% -11.49%
Other Income/Expense, Net -$311.7M -$13.50M $2.600M
YoY Change -6.54% -686.96%
Pretax Income $1.196B $1.134B $1.246B
YoY Change -7.5% -14.83% 76.52%
Income Tax -$179.2M $8.200M $9.700M
% Of Pretax Income -14.99% 0.72% 0.78%
Net Earnings $1.350B $1.097B $1.215B
YoY Change 7.11% -14.62% 80.28%
Net Earnings / Revenue 18.04% 13.7% 14.68%
Basic Earnings Per Share
Diluted Earnings Per Share $616.8K $498.1K $551.5K
COMMON SHARES
Basic Shares Outstanding 2.189B 2.189B
Diluted Shares Outstanding 2.204B

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.026B $334.7M $107.3M
YoY Change 1939.98% -2.93% 85.0%
Cash & Equivalents $2.026B $334.7M $107.3M
Short-Term Investments
Other Short-Term Assets $788.4M $543.1M $602.8M
YoY Change 41.9% 2.24% -32.65%
Inventory $1.539B $2.091B $1.586B
Prepaid Expenses
Receivables $3.294B $4.874B $3.963B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.719B $7.863B $6.259B
YoY Change 16.45% 29.74% -10.63%
LONG-TERM ASSETS
Property, Plant & Equipment $42.16B $41.60B $40.09B
YoY Change 6.51% 7.4% 8.19%
Goodwill $5.745B $5.750B
YoY Change 0.08%
Intangibles $3.409B $3.449B
YoY Change -4.42%
Long-Term Investments $2.609B $2.600B $2.652B
YoY Change -1.73% -0.57% 2.71%
Other Assets $624.0M $472.5M $216.3M
YoY Change 184.02% 132.99% -6.77%
Total Long-Term Assets $54.55B $53.87B $52.46B
YoY Change 5.36% 5.82% 6.4%
TOTAL ASSETS
Total Short-Term Assets $7.719B $7.863B $6.259B
Total Long-Term Assets $54.55B $53.87B $52.46B
Total Assets $62.27B $61.73B $58.72B
YoY Change 6.62% 8.36% 4.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $915.8M $1.005B $1.152B
YoY Change -8.85% -8.91% 17.68%
Accrued Expenses $3.436B $5.388B $4.046B
YoY Change -22.83% 39.17% -20.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $1.750B $1.982B $500.0M
YoY Change 34.66% 32.12% -28.47%
Total Short-Term Liabilities $6.915B $9.130B $6.264B
YoY Change -19.52% 27.38% -33.71%
LONG-TERM LIABILITIES
Long-Term Debt $27.86B $25.64B $26.39B
YoY Change 15.19% 3.91% 14.62%
Other Long-Term Liabilities $951.6M $1.032B $1.013B
YoY Change -6.68% 37.36% 48.49%
Total Long-Term Liabilities $28.81B $26.68B $27.40B
YoY Change 14.31% 4.9% 15.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.915B $9.130B $6.264B
Total Long-Term Liabilities $28.81B $26.68B $27.40B
Total Liabilities $35.72B $35.81B $34.28B
YoY Change 4.03% 9.84% 1.91%
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 $25.05B $24.76B $24.44B
YoY Change
Total Liabilities & Shareholders Equity $62.27B $61.73B $58.72B
YoY Change 6.62% 8.36% 4.28%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q2
OPERATING ACTIVITIES
Net Income $1.350B $1.097B $1.215B
YoY Change 7.11% -14.62% 80.28%
Depreciation, Depletion And Amortization $412.2M $492.6M $488.6M
YoY Change -13.13% 14.27% 6.61%
Cash From Operating Activities $2.012B $1.694B $2.023B
YoY Change 73.41% -8.47% 38.18%
INVESTING ACTIVITIES
Capital Expenditures -$1.080B -$1.230B -$1.112B
YoY Change -6.04% 0.87% 14.09%
Acquisitions
YoY Change
Other Investing Activities $7.800M $26.90M -$100.0K
YoY Change -130.47% -77.62% -102.44%
Cash From Investing Activities -$1.072B -$1.203B -$1.112B
YoY Change -8.75% 9.46% 14.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 765.1M -1.289B -911.5M
YoY Change -365.2% 107.57% 147.82%
NET CHANGE
Cash From Operating Activities 2.012B 1.694B 2.023B
Cash From Investing Activities -1.072B -1.203B -1.112B
Cash From Financing Activities 765.1M -1.289B -911.5M
Net Change In Cash 1.706B -797.8M -200.0K
YoY Change -663.65% -709.01% -100.16%
FREE CASH FLOW
Cash From Operating Activities $2.012B $1.694B $2.023B
Capital Expenditures -$1.080B -$1.230B -$1.112B
Free Cash Flow $3.092B $2.924B $3.135B
YoY Change 33.88% -4.76% 28.56%

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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019 us-gaap Equity Method Investment Dividends Or Distributions
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CY2019 epd Net Effect Of Changes In Operating Accounts And Other Operating Activities
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120900000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
20600000
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CY2019 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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RepaymentsOfDebt
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CY2019 epd Cash Distributions Paid To Owners
CashDistributionsPaidToOwners
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CY2019 epd Cash Payments Made In Connection With Distribution Equivalent Rights
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CY2019 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
106200000
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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CY2019 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
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CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81100000
CY2019 epd Cash Contributions From Members
CashContributionsFromMembers
0
CY2019 epd Other Financing Activities
OtherFinancingActivities
-67000000.0
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018 us-gaap Profit Loss
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CY2018 us-gaap Depreciation Amortization And Accretion Net
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CY2018 us-gaap Income Loss From Equity Method Investments
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CY2018 us-gaap Equity Method Investment Dividends Or Distributions
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CY2018 epd Capital Expenditures Net Of Contributions In Aid Of Construction Cost
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PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2018 epd Other Investing Activities
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CY2018 epd Cash Distributions Paid To Owners
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CY2018 epd Cash Payments Made In Connection With Distribution Equivalent Rights
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CY2018 us-gaap Payments Of Dividends Minority Interest
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017 us-gaap Proceeds From Issuance Of Debt
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CY2017 us-gaap Payments Of Dividends Minority Interest
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CY2017 us-gaap Proceeds From Minority Shareholders
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CY2017 epd Cash Contributions From Members
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CY2017 epd Other Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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70300000

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