2019 Q1 Form 10-Q Financial Statement

#000162828019005692 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $9.477B $9.691B
YoY Change -2.21% 10.79%
Cost Of Revenue $4.292B $4.437B
YoY Change -3.27% 22.13%
Gross Profit $5.185B $5.256B
YoY Change -1.35% 2.78%
Gross Profit Margin 54.71% 54.24%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.075B $1.091B
YoY Change -1.47% 44.69%
% of Gross Profit 20.73% 20.76%
Operating Expenses $8.262B $8.648B
YoY Change -4.46% 126.98%
Operating Profit $1.218B $1.099B
YoY Change 10.83% -15.98%
Interest Expense $397.0M $365.0M
YoY Change 8.77% 0.55%
% of Operating Profit 32.59% 33.21%
Other Income/Expense, Net $64.00M -$399.0M
YoY Change -116.04% 243.97%
Pretax Income $1.282B $702.0M
YoY Change 82.62% -41.11%
Income Tax $310.0M $59.00M
% Of Pretax Income 24.18% 8.4%
Net Earnings $966.0M $636.0M
YoY Change 51.89% -34.5%
Net Earnings / Revenue 10.19% 6.56%
Basic Earnings Per Share $0.93 $0.60
Diluted Earnings Per Share $0.93 $0.60
COMMON SHARES
Basic Shares Outstanding 971.0M shares 966.0M shares
Diluted Shares Outstanding 972.0M shares 968.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $880.0M $787.0M
YoY Change 11.82% -57.67%
Cash & Equivalents $880.0M $787.0M
Short-Term Investments
Other Short-Term Assets $1.406B $1.495B
YoY Change -5.95% 22.44%
Inventory $1.559B $1.471B
Prepaid Expenses
Receivables $4.564B $4.190B
Other Receivables $1.062B $1.103B
Total Short-Term Assets $12.48B $11.53B
YoY Change 8.18% -5.42%
LONG-TERM ASSETS
Property, Plant & Equipment $77.46B $74.71B
YoY Change 3.68% 2.87%
Goodwill $6.677B $6.677B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $620.0M $640.0M
YoY Change -3.13% -1.23%
Other Assets $3.017B $1.333B
YoY Change 126.33% -7.43%
Total Long-Term Assets $109.1B $105.5B
YoY Change 3.44% 0.58%
TOTAL ASSETS
Total Short-Term Assets $12.48B $11.53B
Total Long-Term Assets $109.1B $105.5B
Total Assets $121.6B $117.0B
YoY Change 3.91% -0.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.327B $3.207B
YoY Change 3.74% 6.51%
Accrued Expenses $1.725B $1.569B
YoY Change 9.94% -47.82%
Deferred Revenue $25.00M $35.00M
YoY Change -28.57%
Short-Term Debt $1.254B $1.654B
YoY Change -24.18% -19.24%
Long-Term Debt Due $2.508B $1.203B
YoY Change 108.48% -67.0%
Total Short-Term Liabilities $12.23B $10.15B
YoY Change 20.45% -29.67%
LONG-TERM LIABILITIES
Long-Term Debt $32.96B $32.91B
YoY Change 0.17% 5.99%
Other Long-Term Liabilities $3.158B $2.067B
YoY Change 52.78% 11.55%
Total Long-Term Liabilities $36.12B $34.97B
YoY Change 3.28% 6.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.23B $10.15B
Total Long-Term Liabilities $36.12B $34.97B
Total Liabilities $87.89B $84.45B
YoY Change 4.07% -4.87%
SHAREHOLDERS EQUITY
Retained Earnings $15.32B $14.35B
YoY Change 6.8% 12.78%
Common Stock $19.17B $18.97B
YoY Change 1.04% 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $123.0M $123.0M
YoY Change 0.0% -200.0%
Treasury Stock Shares 1.832M shares 1.832M shares
Shareholders Equity $31.36B $30.23B
YoY Change
Total Liabilities & Shareholders Equity $121.6B $117.0B
YoY Change 3.91% -0.04%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $966.0M $636.0M
YoY Change 51.89% -34.5%
Depreciation, Depletion And Amortization $1.075B $1.091B
YoY Change -1.47% 44.69%
Cash From Operating Activities $1.044B $1.502B
YoY Change -30.49% 39.85%
INVESTING ACTIVITIES
Capital Expenditures $1.873B $1.880B
YoY Change -0.37% -6.42%
Acquisitions
YoY Change
Other Investing Activities -$32.00M -$3.000M
YoY Change 966.67% -116.67%
Cash From Investing Activities -$1.786B -$1.857B
YoY Change -3.82% -18.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $352.0M $1.241B
YoY Change -71.64% 1809.23%
Cash From Financing Activities $275.0M $264.0M
YoY Change 4.17% -77.7%
NET CHANGE
Cash From Operating Activities $1.044B $1.502B
Cash From Investing Activities -$1.786B -$1.857B
Cash From Financing Activities $275.0M $264.0M
Net Change In Cash -$467.0M -$91.00M
YoY Change 413.19% 264.0%
FREE CASH FLOW
Cash From Operating Activities $1.044B $1.502B
Capital Expenditures $1.873B $1.880B
Free Cash Flow -$829.0M -$378.0M
YoY Change 119.31% -59.57%

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