2019 Q1 Form 10-K Financial Statement

#000109980020000005 Filed on February 14, 2020

View on sec.gov

Income Statement

Concept 2019 Q1 2019 2018 Q4
Revenue $993.0M $4.348B $977.7M
YoY Change 10.97% 16.79% 10.04%
Cost Of Revenue $231.8M $1.114B $234.7M
YoY Change -0.77% 18.63% -0.25%
Gross Profit $761.2M $3.234B $743.0M
YoY Change 15.12% 16.17% 13.75%
Gross Profit Margin 76.66% 74.37% 75.99%
Selling, General & Admin $280.3M $1.242B $288.1M
YoY Change 9.49% 14.12% 7.66%
% of Gross Profit 36.82% 38.42% 38.78%
Research & Development $171.4M $752.7M $163.1M
YoY Change 19.69% 20.97% 11.26%
% of Gross Profit 22.52% 23.28% 21.95%
Depreciation & Amortization $20.60M $89.30M $19.90M
YoY Change 7.85% 15.37% -6.13%
% of Gross Profit 2.71% 2.76% 2.68%
Operating Expenses $451.7M $1.995B $437.2M
YoY Change 13.15% 16.61% 5.4%
Operating Profit $274.2M $1.147B $305.8M
YoY Change 8.59% 53.27% 28.27%
Interest Expense $1.500M $20.70M $6.400M
YoY Change -131.25% -30.77% -811.11%
% of Operating Profit 0.55% 1.81% 2.09%
Other Income/Expense, Net $1.800M $8.200M -$2.900M
YoY Change -41.94% 105.0%
Pretax Income $278.0M $1.167B -$1.800M
YoY Change 5.5% 338.37% -100.56%
Income Tax $28.30M $119.6M -$54.80M
% Of Pretax Income 10.18% 10.25%
Net Earnings $249.7M $1.047B $7.000M
YoY Change 20.86% 44.96% -350.0%
Net Earnings / Revenue 25.15% 24.08% 0.72%
Basic Earnings Per Share $0.40 $1.68 $0.03
Diluted Earnings Per Share $0.39 $1.64 $0.03
COMMON SHARES
Basic Shares Outstanding 207.9M shares 624.8M shares 209.0M shares
Diluted Shares Outstanding 212.2M shares 636.7M shares

Balance Sheet

Concept 2019 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $963.0M $1.517B $956.5M
YoY Change -35.77% 58.59% -28.49%
Cash & Equivalents $709.2M $1.179B $714.1M
Short-Term Investments $253.8M $337.8M $242.4M
Other Short-Term Assets $141.5M $227.1M $131.8M
YoY Change 19.01% 22.03% 12.75%
Inventory $630.9M $640.9M $607.0M
Prepaid Expenses $55.40M $54.30M
Receivables $578.0M $543.6M $456.9M
Other Receivables $0.00 $55.50M $80.40M
Total Short-Term Assets $2.369B $2.984B $2.287B
YoY Change -12.81% 30.48% -10.29%
LONG-TERM ASSETS
Property, Plant & Equipment $892.2M $1.140B $867.5M
YoY Change 25.38% 31.46% 27.63%
Goodwill $1.103B $1.112B
YoY Change -3.62% -1.27%
Intangibles $341.3M $343.2M
YoY Change -28.97% -26.67%
Long-Term Investments $5.500M $585.5M $4.400M
YoY Change 27.91% 15.64% 7.32%
Other Assets $75.50M $274.0M $33.60M
YoY Change 30.62% 31.98% -69.15%
Total Long-Term Assets $3.101B $3.504B $3.037B
YoY Change -0.25% 15.39% -2.58%
TOTAL ASSETS
Total Short-Term Assets $2.369B $2.984B $2.287B
Total Long-Term Assets $3.101B $3.504B $3.037B
Total Assets $5.469B $6.488B $5.324B
YoY Change -6.11% 21.87% -6.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.2M $180.4M $134.0M
YoY Change 21.45% 34.63% 14.92%
Accrued Expenses $469.8M $642.7M $510.2M
YoY Change 21.93% 25.97% -1.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $646.5M $902.4M $876.6M
YoY Change -50.82% 2.94% -38.27%
LONG-TERM LIABILITIES
Long-Term Debt $593.9M $594.4M $593.8M
YoY Change 30.24% 0.1% 35.45%
Other Long-Term Liabilities $156.7M $671.3M $150.0M
YoY Change -51.31% 14.17% 1.97%
Total Long-Term Liabilities $750.6M $1.266B $743.8M
YoY Change -3.5% 7.1% 27.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $646.5M $902.4M $876.6M
Total Long-Term Liabilities $750.6M $1.266B $743.8M
Total Liabilities $1.397B $2.340B $1.620B
YoY Change -33.23% 7.17% -19.2%
SHAREHOLDERS EQUITY
Retained Earnings $2.944B $2.695B
YoY Change 35.12% 37.34%
Common Stock $1.665B $1.600B
YoY Change 15.48% 16.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.021B $1.015B
YoY Change 301.69% 302.78%
Treasury Stock Shares 7.600M shares 7.500M shares
Shareholders Equity $3.448B $4.148B $3.140B
YoY Change
Total Liabilities & Shareholders Equity $5.469B $6.488B $5.324B
YoY Change -6.11% 21.87% -6.05%

Cashflow Statement

Concept 2019 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $249.7M $1.047B $7.000M
YoY Change 20.86% 44.96% -350.0%
Depreciation, Depletion And Amortization $20.60M $89.30M $19.90M
YoY Change 7.85% 15.37% -6.13%
Cash From Operating Activities $1.500M $1.183B $293.0M
YoY Change -99.01% 27.65% -19.48%
INVESTING ACTIVITIES
Capital Expenditures $42.20M $254.4M -$60.60M
YoY Change -2.31% 6.58% 16.76%
Acquisitions $35.00M $100.2M
YoY Change
Other Investing Activities -$2.300M $11.10M $66.30M
YoY Change 283.33% -51.74% -34.49%
Cash From Investing Activities -$49.50M -$595.8M $5.700M
YoY Change -122.47% -876.79% -88.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.700M $263.3M
YoY Change 171.43% -66.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $44.40M -$115.6M -844.7M
YoY Change 8.56% -89.5% 268.86%
NET CHANGE
Cash From Operating Activities $1.500M $1.183B 293.0M
Cash From Investing Activities -$49.50M -$595.8M 5.700M
Cash From Financing Activities $44.40M -$115.6M -844.7M
Net Change In Cash -$4.900M $468.5M -546.0M
YoY Change -101.19% -549.19% -396.42%
FREE CASH FLOW
Cash From Operating Activities $1.500M $1.183B $293.0M
Capital Expenditures $42.20M $254.4M -$60.60M
Free Cash Flow -$40.70M $928.5M $353.6M
YoY Change -137.65% 34.96% -14.96%

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DESCRIPTION OF BUSINESS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Edwards Lifesciences Corporation ("Edwards Lifesciences" or the "Company") conducts operations worldwide and is managed in the following geographical regions: United States, Europe, Japan, and Rest of World. Edwards Lifesciences is focused on technologies that treat structural heart disease and critically ill patients. The products and technologies provided by Edwards Lifesciences are categorized into the following main areas: Transcatheter Aortic Valve Replacement, Transcatheter Mitral and Tricuspid Therapies, Surgical Structural Heart, and Critical Care.</span></div>
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<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The consolidated financial statements of Edwards Lifesciences have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") which have been applied consistently in all material respects. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates.</span></div>
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1046900000 USD
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210900000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3900000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4400000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000.0 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212200000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213600000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215900000 shares
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.93
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.38
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.70
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
81300000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
71000000.0 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
61600000 USD
CY2019 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P13M
CY2017Q2 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
31200000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
552300000 USD
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
465800000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8700000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8900000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
543600000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
456900000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
118000000.0 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
111500000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
121700000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
144800000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
401200000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
350700000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
640900000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
607000000.0 USD
CY2019Q4 us-gaap Land
Land
98000000.0 USD
CY2018Q4 us-gaap Land
Land
90700000 USD
CY2019Q4 ew Buildings And Leasehold Improvements Gross
BuildingsAndLeaseholdImprovementsGross
619800000 USD
CY2018Q4 ew Buildings And Leasehold Improvements Gross
BuildingsAndLeaseholdImprovementsGross
497400000 USD
CY2019Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
466300000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
432400000 USD
CY2019Q4 ew Equipment With Customers
EquipmentWithCustomers
35600000 USD
CY2018Q4 ew Equipment With Customers
EquipmentWithCustomers
41100000 USD
CY2019Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
87900000 USD
CY2018Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
92400000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
265000000.0 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
168800000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1572600000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1322800000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
512300000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
455300000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1060300000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
867500000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
295800000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
226100000 USD
CY2019Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
20000000.0 USD
CY2018Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
196700000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
52900000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
31300000 USD
CY2019Q4 ew Accrued Rebates
AccruedRebates
67100000 USD
CY2018Q4 ew Accrued Rebates
AccruedRebates
80000000.0 USD
CY2019Q4 ew Accrual For Property Payroll And Other Taxes Other Than Income Taxes Current
AccrualForPropertyPayrollAndOtherTaxesOtherThanIncomeTaxesCurrent
51400000 USD
CY2018Q4 ew Accrual For Property Payroll And Other Taxes Other Than Income Taxes Current
AccrualForPropertyPayrollAndOtherTaxesOtherThanIncomeTaxesCurrent
39500000 USD
CY2019Q4 ew Research And Development Accruals
ResearchAndDevelopmentAccruals
51400000 USD
CY2018Q4 ew Research And Development Accruals
ResearchAndDevelopmentAccruals
48900000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
6400000 USD
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4400000 USD
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
17500000 USD
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
22300000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10100000 USD
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
11000000.0 USD
CY2019Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
16700000 USD
CY2018Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
6800000 USD
CY2019Q4 ew Accrued Relocation Costs Current
AccruedRelocationCostsCurrent
17400000 USD
CY2018Q4 ew Accrued Relocation Costs Current
AccruedRelocationCostsCurrent
11300000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
89800000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
64300000 USD
CY2019Q4 ew Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
696500000 USD
CY2018Q4 ew Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
742600000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
73100000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
19900000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
30100000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
19900000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
61500000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
223700000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
143700000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
28600000 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2018 us-gaap Stock Issued1
StockIssued1
34300000 USD
CY2017 us-gaap Stock Issued1
StockIssued1
0 USD
CY2019Q4 us-gaap Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
0 USD
CY2018Q4 us-gaap Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
0 USD
CY2017Q4 us-gaap Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
266500000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
49600000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
50800000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18700000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
80100000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25500000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
58900000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
84400000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
27400000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14200000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5600000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
14500000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91800000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7400000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
84400000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2019Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.028
CY2019 ew Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
1600000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
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27000000.0 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
27300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
25600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
21500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
13500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
9900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
14300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
91200000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
790500000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3500000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
200000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
793800000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
711300000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
400000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5500000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
706200000 USD
CY2019Q4 us-gaap Heldtomaturity Securities Debt Maturities Next Rolling Twelve Months Amortized Cost
HeldtomaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCost
100200000 USD
CY2019Q4 us-gaap Held To Maturity Securities Debt Maturities Next Rolling Twelve Months Fair Value
HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
100200000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
237200000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
237600000 USD
CY2019Q4 us-gaap Heldtomaturity Securities Debt Maturities Rolling Year Two Through Five Amortized Cost
HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost
0 USD
CY2019Q4 us-gaap Held To Maturity Securities Debt Maturities Rolling Year Two Through Five Fair Value
HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
439100000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
441700000 USD
CY2019Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
0 USD
CY2019Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
114200000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
114500000 USD
CY2019Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
100200000 USD
CY2019Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
100200000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
790500000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
793800000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
154800000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
200000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
154800000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
200000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
182100000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1200000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
321500000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4300000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
503600000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
5500000 USD
CY2019Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
10700000 USD
CY2018Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
9100000 USD
CY2019Q4 ew Cumulative Income Loss From Equity Method Investments
CumulativeIncomeLossFromEquityMethodInvestments
-4500000 USD
CY2018Q4 ew Cumulative Income Loss From Equity Method Investments
CumulativeIncomeLossFromEquityMethodInvestments
-4700000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
6200000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
4400000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
23100000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
18100000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
29300000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
22500000 USD
CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
300000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1126500000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-14300000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
1112200000 USD
CY2019Q4 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
64400000 USD
CY2019Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-8900000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1167700000 USD
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y4M24D
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
351500000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
233100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
118400000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
305600000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
225400000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
80200000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
569600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
233100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
336500000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
568600000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
225400000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
343200000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2500000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7800000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7200000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7900000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
13100000 USD
CY2019Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.034
CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.034
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
178600000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
244300000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
60000000.0 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
6100000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
5700000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
172500000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
178600000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1114400000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1242200000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8200000 USD
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
939400000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1088500000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000.0 USD
CY2019 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
6500000 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
4000000.0 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
3600000 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
4100000 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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5700000 USD
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CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2018 us-gaap Income Tax Reconciliation Deductions
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6600000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions
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CY2017 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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32000000.0 USD
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41800000 USD
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48200000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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3200000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2800000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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3900000 USD
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15800000 USD
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294100000 USD
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5300000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
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2900000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
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CY2018 us-gaap Income Tax Expense Benefit
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CY2017 us-gaap Income Tax Expense Benefit
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203100000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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50100000 USD
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42700000 USD
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153000000.0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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108000000.0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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37800000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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77700000 USD
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13900000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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63700000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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78800000 USD
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0 USD
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46500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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95300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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0 USD
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1300000 USD
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1000000.0 USD
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4600000 USD
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4700000 USD
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1 lawsuit
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1174100000 USD
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CY2017 us-gaap Other Nonrecurring Income Expense
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CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2018 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2017 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2019 us-gaap Operating Income Loss
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1146800000 USD
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3722800000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3435300000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4348000000.0 USD
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3722800000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3435300000 USD
CY2019Q4 us-gaap Noncurrent Assets
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CY2018Q4 us-gaap Noncurrent Assets
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899800000 USD
CY2017Q4 us-gaap Noncurrent Assets
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784400000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1086900000 USD
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4348000000.0 USD
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CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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274700000 USD
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280200000 USD
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1046900000 USD
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1.20
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1.32
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943700000 USD
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906600000 USD
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977700000 USD
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3722800000 USD
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661200000 USD
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697500000 USD
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743000000.0 USD
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2783400000 USD
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206600000 USD
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282700000 USD
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225900000 USD
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7000000.0 USD
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722200000 USD
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0.98
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0.96
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1.32
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1.06
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0.03
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EarningsPerShareDiluted
3.38
CY2019Q2 us-gaap Inventory Write Down
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46200000 USD
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26900000 USD
CY2018Q4 us-gaap Gain Loss Related To Litigation Settlement
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180000000.0 USD

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