2019 Q1 Form 10-Q Financial Statement

#000007274119000026 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $2.416B $2.288B
YoY Change 5.59% 8.69%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $285.9M $249.5M
YoY Change 14.59% 18.36%
% of Gross Profit
Operating Expenses $1.921B $1.845B
YoY Change 4.1% 15.04%
Operating Profit $494.7M $442.5M
YoY Change 11.8% -11.68%
Interest Expense $131.7M $121.1M
YoY Change 8.73% 17.11%
% of Operating Profit 26.62% 27.37%
Other Income/Expense, Net $31.00M $33.79M
YoY Change -8.25% 56.43%
Pretax Income $394.0M $355.2M
YoY Change 10.91% -15.26%
Income Tax $83.39M $83.77M
% Of Pretax Income 21.17% 23.58%
Net Earnings $310.6M $271.4M
YoY Change 14.43% 3.87%
Net Earnings / Revenue 12.86% 11.86%
Basic Earnings Per Share $0.97 $0.85
Diluted Earnings Per Share $0.97 $0.85
COMMON SHARES
Basic Shares Outstanding 317.6M shares 317.4M shares
Diluted Shares Outstanding 318.3M shares 318.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.00M $304.0M
YoY Change -88.49% 560.87%
Cash & Equivalents $108.4M $362.6M
Short-Term Investments
Other Short-Term Assets $181.7M $210.5M
YoY Change -13.68% 15.26%
Inventory $277.0M $264.0M
Prepaid Expenses
Receivables $1.140B $1.086B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.301B $2.771B
YoY Change -16.98% 10.35%
LONG-TERM ASSETS
Property, Plant & Equipment $26.09B $23.96B
YoY Change 8.89% 10.71%
Goodwill $4.427B $4.427B
YoY Change 0.0% 25.8%
Intangibles
YoY Change
Long-Term Investments $711.5M $580.0M
YoY Change 22.67% 3.2%
Other Assets $463.8M $646.6M
YoY Change -28.28% 16.26%
Total Long-Term Assets $10.61B $10.31B
YoY Change 2.89% 25.7%
TOTAL ASSETS
Total Short-Term Assets $2.301B $2.771B
Total Long-Term Assets $10.61B $10.31B
Total Assets $38.94B $37.04B
YoY Change 5.13% 14.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.007B $984.3M
YoY Change 2.28% 31.97%
Accrued Expenses $9.000M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.478B $1.049B
YoY Change 40.9% 7.48%
Long-Term Debt Due $805.5M $1.097B
YoY Change -26.59% 41.79%
Total Short-Term Liabilities $4.559B $4.096B
YoY Change 11.31% 22.86%
LONG-TERM LIABILITIES
Long-Term Debt $12.28B $12.02B
YoY Change 2.23% 29.65%
Other Long-Term Liabilities $1.259B $1.054B
YoY Change 19.51% 24.15%
Total Long-Term Liabilities $9.743B $9.589B
YoY Change 1.6% 9.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.559B $4.096B
Total Long-Term Liabilities $9.743B $9.589B
Total Liabilities $14.30B $13.68B
YoY Change 4.51% 12.84%
SHAREHOLDERS EQUITY
Retained Earnings $4.093B $3.671B
YoY Change 11.5% 11.77%
Common Stock $1.669B $1.669B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $309.1M $317.8M
YoY Change -2.72% 0.0%
Treasury Stock Shares 16.53M shares 16.99M shares
Shareholders Equity $11.64B $11.18B
YoY Change
Total Liabilities & Shareholders Equity $38.94B $37.04B
YoY Change 5.13% 14.48%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $310.6M $271.4M
YoY Change 14.43% 3.87%
Depreciation, Depletion And Amortization $285.9M $249.5M
YoY Change 14.59% 18.36%
Cash From Operating Activities $381.4M $177.7M
YoY Change 114.63% -60.1%
INVESTING ACTIVITIES
Capital Expenditures $628.1M $607.3M
YoY Change 3.42% 15.99%
Acquisitions
YoY Change
Other Investing Activities -$4.893M -$2.140M
YoY Change 128.64% -113.29%
Cash From Investing Activities -$875.7M -$479.7M
YoY Change 82.54% -10.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $250.2M $150.2M
YoY Change 66.57% 0.15%
Cash From Financing Activities $393.3M $578.7M
YoY Change -32.04% 432.08%
NET CHANGE
Cash From Operating Activities $381.4M $177.7M
Cash From Investing Activities -$875.7M -$479.7M
Cash From Financing Activities $393.3M $578.7M
Net Change In Cash -$101.0M $276.7M
YoY Change -136.48% 1316.56%
FREE CASH FLOW
Cash From Operating Activities $381.4M $177.7M
Capital Expenditures $628.1M $607.3M
Free Cash Flow -$246.7M -$429.6M
YoY Change -42.58% 448.98%

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691489 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317992999 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
318316082 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
317397052 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
317624593 shares

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