2020 Q3 Form 10-Q Financial Statement

#000103129620000045 Filed on November 19, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $3.022B $2.673B $2.963B
YoY Change 1.99% -1.37% -3.3%
Cost Of Revenue $766.0M $737.0M $798.0M
YoY Change -4.01% 2.93% -8.9%
Gross Profit $2.256B $1.936B $2.165B
YoY Change 4.2% -2.91% -1.05%
Gross Profit Margin 74.65% 72.43% 73.07%
Selling, General & Admin $14.00M $11.00M
YoY Change
% of Gross Profit 0.72% 0.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $316.0M $310.0M $304.0M
YoY Change 3.95% 5.8% 7.42%
% of Gross Profit 14.01% 16.01% 14.04%
Operating Expenses $1.535B $1.321B $1.484B
YoY Change 3.44% -10.86% 0.41%
Operating Profit $721.0M $615.0M $681.0M
YoY Change 5.87% 20.12% -4.08%
Interest Expense $266.0M -$242.0M $261.0M
YoY Change 1.92% 0.83% 2.35%
% of Operating Profit 36.89% -39.35% 38.33%
Other Income/Expense, Net -$145.0M $52.00M -$185.0M
YoY Change -21.62% 26.83% -2.63%
Pretax Income $576.0M -$249.0M $496.0M
YoY Change 16.13% -247.34% -4.62%
Income Tax $116.0M -$68.00M $107.0M
% Of Pretax Income 20.14% 21.57%
Net Earnings $454.0M -$111.0M $391.0M
YoY Change 16.11% -180.43% -185.37%
Net Earnings / Revenue 15.02% -4.15% 13.2%
Basic Earnings Per Share $0.84 -$0.20 $0.73
Diluted Earnings Per Share $0.84 -$0.20 $0.72
COMMON SHARES
Basic Shares Outstanding 542.0M shares 538.0M shares
Diluted Shares Outstanding 543.0M shares 542.0M shares

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.0M $627.0M $716.0M
YoY Change -63.69% 70.84% 64.22%
Cash & Equivalents $260.0M $627.0M $716.0M
Short-Term Investments
Other Short-Term Assets $218.0M $157.0M $239.0M
YoY Change -8.79% -10.29% 1.27%
Inventory $308.0M $281.0M $258.0M
Prepaid Expenses
Receivables $1.112B $1.091B $1.130B
Other Receivables $228.0M $203.0M $206.0M
Total Short-Term Assets $2.162B $2.444B $2.616B
YoY Change -17.35% 2.17% 0.77%
LONG-TERM ASSETS
Property, Plant & Equipment $32.86B $31.65B $31.15B
YoY Change 5.47% 5.81% 5.93%
Goodwill $5.618B $5.618B $5.618B
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $582.0M $569.0M $554.0M
YoY Change 5.05% 11.79% 9.27%
Other Assets $713.0M $1.039B $618.0M
YoY Change 15.37% 38.16% 49.64%
Total Long-Term Assets $40.78B $6.756B $6.313B
YoY Change 545.91% 4.57% 3.31%
TOTAL ASSETS
Total Short-Term Assets $2.162B $2.444B $2.616B
Total Long-Term Assets $40.78B $6.756B $6.313B
Total Assets $42.94B $42.30B $41.51B
YoY Change 3.45% 5.59% 5.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $891.0M $918.0M $893.0M
YoY Change -0.22% -4.87% -10.43%
Accrued Expenses $622.0M $539.0M $302.0M
YoY Change 105.96% 69.5% 0.67%
Deferred Revenue
YoY Change
Short-Term Debt $300.0M $1.000B $1.000B
YoY Change -70.0% -20.0% -41.18%
Long-Term Debt Due $77.00M $380.0M $381.0M
YoY Change -79.79% -24.45% -66.22%
Total Short-Term Liabilities $3.077B $4.862B $4.239B
YoY Change -27.41% 4.92% -26.91%
LONG-TERM LIABILITIES
Long-Term Debt $22.20B $19.62B $19.42B
YoY Change 14.32% 10.52% 16.94%
Other Long-Term Liabilities $1.117B $1.667B $1.755B
YoY Change -36.35% -18.96% 10.31%
Total Long-Term Liabilities $10.47B $10.85B $10.57B
YoY Change -0.97% -0.17% 4.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.077B $4.862B $4.239B
Total Long-Term Liabilities $10.47B $10.85B $10.57B
Total Liabilities $13.55B $15.71B $14.81B
YoY Change -8.54% 1.36% -7.2%
SHAREHOLDERS EQUITY
Retained Earnings -$3.130B -$3.967B -$3.856B
YoY Change -18.83% -18.69% -23.14%
Common Stock $10.27B $10.87B $11.05B
YoY Change -7.07% -5.74% -5.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.188B $6.975B $7.272B
YoY Change
Total Liabilities & Shareholders Equity $42.94B $42.30B $41.51B
YoY Change 3.45% 5.59% 5.23%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $454.0M -$111.0M $391.0M
YoY Change 16.11% -180.43% -185.37%
Depreciation, Depletion And Amortization $316.0M $310.0M $304.0M
YoY Change 3.95% 5.8% 7.42%
Cash From Operating Activities $701.0M $730.0M $1.112B
YoY Change -36.96% -14.32% 31.44%
INVESTING ACTIVITIES
Capital Expenditures -$687.0M -$753.0M -$684.0M
YoY Change 0.44% 2.73% 7.72%
Acquisitions
YoY Change
Other Investing Activities -$78.00M -$39.00M -$61.00M
YoY Change 27.87% -18.75% 64.86%
Cash From Investing Activities -$765.0M -$792.0M -$745.0M
YoY Change 2.68% 1.41% 10.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 195.0M -9.000M -91.00M
YoY Change -314.29% -93.02% 727.27%
NET CHANGE
Cash From Operating Activities 701.0M 730.0M 1.112B
Cash From Investing Activities -765.0M -792.0M -745.0M
Cash From Financing Activities 195.0M -9.000M -91.00M
Net Change In Cash 131.0M -71.00M 276.0M
YoY Change -52.54% 22.41% 69.33%
FREE CASH FLOW
Cash From Operating Activities $701.0M $730.0M $1.112B
Capital Expenditures -$687.0M -$753.0M -$684.0M
Free Cash Flow $1.388B $1.483B $1.796B
YoY Change -22.72% -6.44% 21.27%

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