2018 Q4 Form 10-Q Financial Statement

#000079835418000021 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $1.551B $1.412B $1.516B
YoY Change 2.31% 0.86% 5.94%
Cost Of Revenue $628.0M $568.0M $576.0M
YoY Change 9.03% -0.7% 2.67%
Gross Profit $923.0M $844.0M $940.0M
YoY Change -1.81% 1.93% 8.05%
Gross Profit Margin 59.51% 59.77% 62.01%
Selling, General & Admin $298.0M $305.0M $313.0M
YoY Change -4.79% 7.39% 6.1%
% of Gross Profit 32.29% 36.14% 33.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $158.0M $134.0M $122.0M
YoY Change 29.51% 25.23% 6.09%
% of Gross Profit 17.12% 15.88% 12.98%
Operating Expenses $298.0M $305.0M $313.0M
YoY Change -4.79% 7.39% 6.1%
Operating Profit $431.0M $356.0M $425.0M
YoY Change 1.41% -3.78% 13.33%
Interest Expense -$53.00M $47.00M -$45.00M
YoY Change 17.78% 4.44% 7.14%
% of Operating Profit -12.3% 13.2% -10.59%
Other Income/Expense, Net $3.000M
YoY Change
Pretax Income $372.0M $304.0M $380.0M
YoY Change -2.11% -6.46% 14.11%
Income Tax $88.00M $78.00M $124.0M
% Of Pretax Income 23.66% 25.66% 32.63%
Net Earnings $286.0M $227.0M $546.0M
YoY Change -47.62% -2.16% 153.95%
Net Earnings / Revenue 18.44% 16.08% 36.02%
Basic Earnings Per Share $0.56
Diluted Earnings Per Share $706.2K $0.55 $1.286M
COMMON SHARES
Basic Shares Outstanding 398.5M shares 403.8M shares 208.4M shares
Diluted Shares Outstanding 412.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $415.0M $673.0M $325.0M
YoY Change 27.69% 107.08% 8.33%
Cash & Equivalents $415.0M $673.0M $325.0M
Short-Term Investments
Other Short-Term Assets $760.0M $716.0M $653.0M
YoY Change 16.39% 10.66% 24.14%
Inventory
Prepaid Expenses $158.0M $136.0M
Receivables $1.049B $949.0M $997.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.224B $2.338B $1.975B
YoY Change 12.61% 25.03% 14.29%
LONG-TERM ASSETS
Property, Plant & Equipment $398.0M $385.0M $390.0M
YoY Change 2.05% 0.0% -3.7%
Goodwill $5.702B $5.450B $5.590B
YoY Change 2.0% -2.89% 4.04%
Intangibles
YoY Change
Long-Term Investments $65.00M
YoY Change
Other Assets $311.0M $363.0M $368.0M
YoY Change -15.49% -18.24% -8.91%
Total Long-Term Assets $9.038B $8.410B $8.314B
YoY Change 8.71% 0.97% 3.73%
TOTAL ASSETS
Total Short-Term Assets $2.224B $2.338B $1.975B
Total Long-Term Assets $9.038B $8.410B $8.314B
Total Assets $11.26B $10.75B $10.29B
YoY Change 9.46% 5.38% 5.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.0M $97.00M $80.00M
YoY Change 58.75% 16.87% -27.27%
Accrued Expenses $935.0M $931.0M $822.0M
YoY Change 13.75% 22.99% 13.69%
Deferred Revenue $380.0M $317.0M $576.0M
YoY Change -34.03%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $452.0M $3.000M
YoY Change 33.33% 386.02% -96.84%
Total Short-Term Liabilities $2.010B $2.320B $1.938B
YoY Change 3.72% 25.41% 6.48%
LONG-TERM LIABILITIES
Long-Term Debt $5.955B $4.823B $4.897B
YoY Change 21.61% -3.89% 9.63%
Other Long-Term Liabilities $170.0M $154.0M $117.0M
YoY Change 45.3% -7.23% -23.53%
Total Long-Term Liabilities $170.0M $154.0M $117.0M
YoY Change 45.3% -7.23% -23.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.010B $2.320B $1.938B
Total Long-Term Liabilities $170.0M $154.0M $117.0M
Total Liabilities $8.969B $8.087B $7.558B
YoY Change 18.67% 3.03% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings $11.64B $11.35B $10.24B
YoY Change 13.62% 17.07% 13.85%
Common Stock $1.065B $1.053B $1.039B
YoY Change 2.5% 2.73% 1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.34B $9.662B $8.494B
YoY Change 21.73% 16.21% 14.77%
Treasury Stock Shares 398.9M shares 390.4M shares 376.3M shares
Shareholders Equity $2.293B $2.661B $2.731B
YoY Change
Total Liabilities & Shareholders Equity $11.26B $10.75B $10.29B
YoY Change 9.46% 5.38% 5.6%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $286.0M $227.0M $546.0M
YoY Change -47.62% -2.16% 153.95%
Depreciation, Depletion And Amortization $158.0M $134.0M $122.0M
YoY Change 29.51% 25.23% 6.09%
Cash From Operating Activities $571.0M $361.0M $487.0M
YoY Change 17.25% 11.42% 25.19%
INVESTING ACTIVITIES
Capital Expenditures -$97.00M -$94.00M -$79.00M
YoY Change 22.78% 30.56% 17.91%
Acquisitions
YoY Change
Other Investing Activities -$709.0M $8.000M -$3.000M
YoY Change 23533.33% -102.59% 200.0%
Cash From Investing Activities -$806.0M -$86.00M -$82.00M
YoY Change 882.93% -77.43% 20.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.00M 50.00M -405.0M
YoY Change -94.32% -39.76% 25.0%
NET CHANGE
Cash From Operating Activities 571.0M 361.0M 487.0M
Cash From Investing Activities -806.0M -86.00M -82.00M
Cash From Financing Activities -23.00M 50.00M -405.0M
Net Change In Cash -258.0M 325.0M 0.000
YoY Change 1150.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $571.0M $361.0M $487.0M
Capital Expenditures -$97.00M -$94.00M -$79.00M
Free Cash Flow $668.0M $455.0M $566.0M
YoY Change 18.02% 14.9% 24.12%

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