2018 Q1 Form 10-Q Financial Statement

#000086637418000003 Filed on January 29, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q1
Revenue $6.411B $6.752B $5.863B
YoY Change 9.35% 10.41% 1.56%
Cost Of Revenue $5.995B $6.305B $5.439B
YoY Change 10.22% 10.65% 1.35%
Gross Profit $349.3M $446.3M $384.8M
YoY Change -9.23% 7.17% -5.3%
Gross Profit Margin 5.45% 6.61% 6.56%
Selling, General & Admin $247.1M $247.4M $222.3M
YoY Change 11.16% 6.83% -22.84%
% of Gross Profit 70.74% 55.42% 57.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $155.4M $135.3M $142.9M
YoY Change 8.75% 4.56% 7.04%
% of Gross Profit 44.49% 30.31% 37.14%
Operating Expenses $272.6M $247.4M $247.6M
YoY Change 10.1% 6.83% -20.74%
Operating Profit $76.70M $199.0M $137.2M
YoY Change -44.1% 7.6% 46.06%
Interest Expense -$17.20M $32.10M -$11.60M
YoY Change 48.28% 20.68% -41.71%
% of Operating Profit -22.43% 16.13% -8.45%
Other Income/Expense, Net -$19.80M -$31.35M -$16.10M
YoY Change 22.98% 37.27% 235.42%
Pretax Income $15.80M $141.2M $98.90M
YoY Change -84.02% 0.65% 42.92%
Income Tax $35.40M $22.83M $12.10M
% Of Pretax Income 224.05% 16.17% 12.23%
Net Earnings -$19.60M $118.3M $86.87M
YoY Change -122.56% -8.6% 41.62%
Net Earnings / Revenue -0.31% 1.75% 1.48%
Basic Earnings Per Share -$0.04 $0.22 $0.16
Diluted Earnings Per Share -$0.04 $0.22 $0.16
COMMON SHARES
Basic Shares Outstanding 527.7M shares 528.4M shares 535.2M shares
Diluted Shares Outstanding 534.4M shares

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.472B $1.291B $1.831B
YoY Change -19.61% -30.48% 13.87%
Cash & Equivalents $1.472B $1.291B $1.831B
Short-Term Investments
Other Short-Term Assets $1.380B $965.5M $967.9M
YoY Change 42.62% -12.24% -17.35%
Inventory $3.800B $3.726B $3.396B
Prepaid Expenses
Receivables $2.518B $3.101B $2.193B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.170B $9.083B $8.388B
YoY Change 9.33% 5.45% 0.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.240B $2.443B $2.317B
YoY Change -3.35% 5.23% 2.63%
Goodwill $1.121B $1.105B $984.9M
YoY Change 13.84% 4.54%
Intangibles $424.4M $438.6M $362.2M
YoY Change 17.19% -10.3%
Long-Term Investments $411.1M $200.1M
YoY Change 105.45% 62.82%
Other Assets $760.3M $770.8M $541.5M
YoY Change 40.41% 45.28% 16.1%
Total Long-Term Assets $4.545B $4.757B $4.206B
YoY Change 8.08% 13.55% 3.34%
TOTAL ASSETS
Total Short-Term Assets $9.170B $9.083B $8.388B
Total Long-Term Assets $4.545B $4.757B $4.206B
Total Assets $13.72B $13.84B $12.59B
YoY Change 8.91% 8.1% 1.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.122B $5.407B $4.485B
YoY Change 14.21% 15.04% 5.57%
Accrued Expenses $383.0M $827.0M $344.0M
YoY Change 11.34% 131.01% -2.82%
Deferred Revenue $329.0M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $43.01M $42.95M $61.53M
YoY Change -30.1% -37.62% -5.57%
Total Short-Term Liabilities $7.268B $7.416B $6.505B
YoY Change 11.74% 7.83% -1.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.898B $2.902B $2.891B
YoY Change 0.24% 3.71% 6.69%
Other Long-Term Liabilities $531.6M $542.5M $519.9M
YoY Change 2.26% 11.68% 4.42%
Total Long-Term Liabilities $3.429B $3.444B $3.410B
YoY Change 0.55% 4.89% 6.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.268B $7.416B $6.505B
Total Long-Term Liabilities $3.429B $3.444B $3.410B
Total Liabilities $10.70B $10.86B $9.915B
YoY Change 7.89% 6.88% 1.39%
SHAREHOLDERS EQUITY
Retained Earnings -$3.144B -$3.125B -$3.573B
YoY Change -11.99% -14.62% -8.21%
Common Stock $6.637B $6.614B $6.734B
YoY Change -1.44% -2.84% -3.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $388.2M $388.2M $388.2M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 50.24M shares 50.24M shares 50.24M shares
Shareholders Equity $3.019B $2.980B $2.645B
YoY Change
Total Liabilities & Shareholders Equity $13.72B $13.84B $12.59B
YoY Change 8.91% 8.1% 1.68%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q1
OPERATING ACTIVITIES
Net Income -$19.60M $118.3M $86.87M
YoY Change -122.56% -8.6% 41.62%
Depreciation, Depletion And Amortization $155.4M $135.3M $142.9M
YoY Change 8.75% 4.56% 7.04%
Cash From Operating Activities -$758.7M -$935.6M $136.7M
YoY Change -655.01% -299.23% -30.47%
INVESTING ACTIVITIES
Capital Expenditures -$129.1M -$168.9M -$111.5M
YoY Change 15.78% 56.82% 21.2%
Acquisitions
YoY Change
Other Investing Activities $1.084B $1.090B -$11.30M
YoY Change -9694.69% -1950.59% -232.94%
Cash From Investing Activities $955.1M $921.1M -$122.8M
YoY Change -877.77% -652.88% 46.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.40M -63.70M -37.50M
YoY Change -61.6% -673.87% -72.61%
NET CHANGE
Cash From Operating Activities -758.7M -935.6M 136.7M
Cash From Investing Activities 955.1M 921.1M -122.8M
Cash From Financing Activities -14.40M -63.70M -37.50M
Net Change In Cash 182.0M -78.20M -23.60M
YoY Change -871.19% -124.9% -1.26%
FREE CASH FLOW
Cash From Operating Activities -$758.7M -$935.6M $136.7M
Capital Expenditures -$129.1M -$168.9M -$111.5M
Free Cash Flow -$629.6M -$766.7M $248.2M
YoY Change -353.67% -232.81% -14.0%

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0 USD
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59000000 USD
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90600000 USD
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27806000 USD
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0 USD
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0 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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0 USD
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us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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0 USD
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132679000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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13631000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments To Acquire Property Plant And Equipment
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413596000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2016Q4 us-gaap Profit Loss
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us-gaap Profit Loss
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232690000 USD
CY2017Q4 us-gaap Profit Loss
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118333000 USD
us-gaap Profit Loss
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448129000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
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CY2017Q4 us-gaap Property Plant And Equipment Net
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us-gaap Property Plant And Equipment Transfers And Changes
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us-gaap Repayments Of Debt And Capital Lease Obligations
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us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2016Q4 us-gaap Restructuring Costs
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17400000 USD
us-gaap Restructuring Costs
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29000000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q4 us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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us-gaap Selling General And Administrative Expense
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772325000 USD
CY2016Q4 us-gaap Servicing Asset
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0 USD
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0 USD
CY2016Q4 us-gaap Servicing Liability
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0 USD
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0 USD
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
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500000000 USD
CY2017Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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410100000 USD
CY2017Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
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us-gaap Stock Repurchased And Retired During Period Shares
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10800000 shares
CY2017Q4 us-gaap Stock Repurchased And Retired During Period Value
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180000000 USD
CY2017Q1 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Treasury Stock Shares
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50239355 shares
CY2017Q1 us-gaap Treasury Stock Value
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388215000 USD
CY2017Q1 us-gaap Unamortized Debt Issuance Expense
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CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
548372000 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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534352000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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535972000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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542780000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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528405000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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529984000 shares

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