2018 Q1 Form 10-Q Financial Statement

#000103129618000031 Filed on April 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $2.862B $2.776B
YoY Change 3.1% -28.25%
Cost Of Revenue $820.0M $791.0M
YoY Change 3.67% -29.63%
Gross Profit $2.042B $2.064B
YoY Change -1.07% -24.81%
Gross Profit Margin 71.35% 74.35%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $280.0M $416.0M
YoY Change -32.69% -9.76%
% of Gross Profit 13.71% 20.16%
Operating Expenses $1.462B $1.436B
YoY Change 1.81% -24.62%
Operating Profit $580.0M $616.0M
YoY Change -5.84% -20.62%
Interest Expense $248.0M $245.0M
YoY Change 1.22% -14.93%
% of Operating Profit 42.76% 39.77%
Other Income/Expense, Net -$166.0M -$219.0M
YoY Change -24.2% -6.81%
Pretax Income $414.0M $409.0M
YoY Change 1.22% -24.4%
Income Tax $233.0M $149.0M
% Of Pretax Income 56.28% 36.43%
Net Earnings $1.369B $205.0M
YoY Change 567.8% -37.5%
Net Earnings / Revenue 47.83% 7.38%
Basic Earnings Per Share $2.55 $0.46
Diluted Earnings Per Share $2.54 $0.46
COMMON SHARES
Basic Shares Outstanding 476.0M shares 443.0M shares
Diluted Shares Outstanding 478.0M shares 444.0M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.0M $164.0M
YoY Change 51.22% 12.33%
Cash & Equivalents $248.0M $164.0M
Short-Term Investments
Other Short-Term Assets $254.0M $147.0M
YoY Change 72.79% -5.16%
Inventory $273.0M $531.0M
Prepaid Expenses
Receivables $1.279B $1.396B
Other Receivables $159.0M $155.0M
Total Short-Term Assets $2.310B $2.760B
YoY Change -16.3% -14.55%
LONG-TERM ASSETS
Property, Plant & Equipment $28.57B $28.80B
YoY Change -0.78% -23.51%
Goodwill $5.618B $5.618B
YoY Change 0.0% -12.46%
Intangibles
YoY Change
Long-Term Investments $503.0M $519.0M
YoY Change -3.08% -1.33%
Other Assets $592.0M $1.028B
YoY Change -42.41% -16.96%
Total Long-Term Assets $6.259B $7.646B
YoY Change -18.14% -14.43%
TOTAL ASSETS
Total Short-Term Assets $2.310B $2.760B
Total Long-Term Assets $6.259B $7.646B
Total Assets $38.80B $43.21B
YoY Change -10.22% -18.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.005B $977.0M
YoY Change 2.87% -2.3%
Accrued Expenses $254.0M $307.0M
YoY Change -17.26% -0.65%
Deferred Revenue
YoY Change
Short-Term Debt $1.200B $2.750B
YoY Change -56.36% 29.41%
Long-Term Debt Due $1.157B $2.147B
YoY Change -46.11% 58.45%
Total Short-Term Liabilities $5.065B $7.657B
YoY Change -33.85% 19.85%
LONG-TERM LIABILITIES
Long-Term Debt $16.74B $17.76B
YoY Change -5.75% -5.91%
Other Long-Term Liabilities $1.057B $1.606B
YoY Change -34.18% 12.31%
Total Long-Term Liabilities $9.615B $11.65B
YoY Change -17.5% -22.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.065B $7.657B
Total Long-Term Liabilities $9.615B $11.65B
Total Liabilities $14.68B $19.31B
YoY Change -23.98% -9.56%
SHAREHOLDERS EQUITY
Retained Earnings -$4.858B -$4.333B
YoY Change 12.12% -290.13%
Common Stock $12.79B $10.25B
YoY Change 24.71% 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.375B $6.139B
YoY Change
Total Liabilities & Shareholders Equity $38.80B $43.21B
YoY Change -10.22% -18.0%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $1.369B $205.0M
YoY Change 567.8% -37.5%
Depreciation, Depletion And Amortization $280.0M $416.0M
YoY Change -32.69% -9.76%
Cash From Operating Activities -$880.0M $785.0M
YoY Change -212.1% 20.77%
INVESTING ACTIVITIES
Capital Expenditures -$583.0M -$720.0M
YoY Change -19.03% -14.99%
Acquisitions
YoY Change
Other Investing Activities $1.000M $1.000M
YoY Change 0.0% -102.56%
Cash From Investing Activities -$1.143B -$779.0M
YoY Change 46.73% -9.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $850.0M $0.00
YoY Change
Debt Paid & Issued, Net $1.476B $211.0M
YoY Change 599.53% 580.65%
Cash From Financing Activities $1.679B -$58.00M
YoY Change -2994.83% -125.22%
NET CHANGE
Cash From Operating Activities -$880.0M $785.0M
Cash From Investing Activities -$1.143B -$779.0M
Cash From Financing Activities $1.679B -$58.00M
Net Change In Cash -$344.0M -$52.00M
YoY Change 561.54% -446.67%
FREE CASH FLOW
Cash From Operating Activities -$880.0M $785.0M
Capital Expenditures -$583.0M -$720.0M
Free Cash Flow -$297.0M $1.505B
YoY Change -119.73% 0.53%

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