2019 Q2 Form 10-Q Financial Statement

#000086637419000010 Filed on July 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $6.176B $6.399B
YoY Change -3.49% 6.5%
Cost Of Revenue $5.776B $6.021B
YoY Change -4.07% 7.49%
Gross Profit $352.8M $377.9M
YoY Change -6.64% -7.15%
Gross Profit Margin 5.71% 5.9%
Selling, General & Admin $209.6M $262.9M
YoY Change -20.26% 4.81%
% of Gross Profit 59.42% 69.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.2M $121.8M
YoY Change 56.17% -7.33%
% of Gross Profit 53.91% 32.22%
Operating Expenses $209.6M $262.9M
YoY Change -20.26% 4.81%
Operating Profit $143.1M $115.0M
YoY Change 24.5% -26.36%
Interest Expense $4.100M $33.50M
YoY Change -87.76% 15.52%
% of Operating Profit 2.86% 29.14%
Other Income/Expense, Net $12.98M $9.480M
YoY Change 36.93% -135.27%
Pretax Income $64.11M $141.6M
YoY Change -54.74% -2.66%
Income Tax $19.24M $25.60M
% Of Pretax Income 30.01% 18.08%
Net Earnings $44.87M $116.0M
YoY Change -61.33% -6.96%
Net Earnings / Revenue 0.73% 1.81%
Basic Earnings Per Share $0.09 $0.22
Diluted Earnings Per Share $0.09 $0.22
COMMON SHARES
Basic Shares Outstanding 514.2M shares 529.4M shares
Diluted Shares Outstanding 517.6M shares 535.5M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.920B $1.255B
YoY Change 52.99% -20.67%
Cash & Equivalents $1.920B $1.255B
Short-Term Investments
Other Short-Term Assets $909.6M $1.232B
YoY Change -26.16% 17.41%
Inventory $3.746B $3.985B
Prepaid Expenses
Receivables $2.570B $2.890B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.387B $9.685B
YoY Change -3.08% 13.16%
LONG-TERM ASSETS
Property, Plant & Equipment $2.310B $2.190B
YoY Change 5.47% -6.66%
Goodwill $1.077B $1.095B
YoY Change -1.6% 5.36%
Intangibles $314.7M $390.8M
YoY Change -19.47% -13.91%
Long-Term Investments
YoY Change
Other Assets $684.5M $949.2M
YoY Change -27.89% 53.29%
Total Long-Term Assets $5.043B $4.625B
YoY Change 9.03% 3.73%
TOTAL ASSETS
Total Short-Term Assets $9.387B $9.685B
Total Long-Term Assets $5.043B $4.625B
Total Assets $14.43B $14.31B
YoY Change 0.83% 9.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.193B $5.709B
YoY Change -9.04% 19.41%
Accrued Expenses $377.0M $377.0M
YoY Change 0.0% 5.01%
Deferred Revenue $329.8M $265.3M
YoY Change 24.31%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $275.9M $42.90M
YoY Change 543.16% -6.04%
Total Short-Term Liabilities $7.438B $7.795B
YoY Change -4.58% 15.34%
LONG-TERM LIABILITIES
Long-Term Debt $2.962B $2.877B
YoY Change 2.94% -1.43%
Other Long-Term Liabilities $472.9M $528.4M
YoY Change -10.5% -0.32%
Total Long-Term Liabilities $3.435B $3.405B
YoY Change 0.86% -1.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.438B $7.795B
Total Long-Term Liabilities $3.435B $3.405B
Total Liabilities $10.87B $11.20B
YoY Change -2.93% 9.73%
SHAREHOLDERS EQUITY
Retained Earnings -$2.945B -$2.989B
YoY Change -1.48% -13.3%
Common Stock $6.658B
YoY Change -0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $388.2M $388.2M
YoY Change 0.0% 0.0%
Treasury Stock Shares 50.24M shares 50.24M shares
Shareholders Equity $3.002B $3.109B
YoY Change
Total Liabilities & Shareholders Equity $14.43B $14.31B
YoY Change 0.83% 9.93%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $44.87M $116.0M
YoY Change -61.33% -6.96%
Depreciation, Depletion And Amortization $190.2M $121.8M
YoY Change 56.17% -7.33%
Cash From Operating Activities -$656.9M -$943.3M
YoY Change -30.36% 35.57%
INVESTING ACTIVITIES
Capital Expenditures $162.1M $172.2M
YoY Change -5.88% 37.96%
Acquisitions
YoY Change
Other Investing Activities $920.0K $15.22M
YoY Change -93.95% -17.96%
Cash From Investing Activities $775.1M $743.1M
YoY Change 4.31% 54.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $51.60M -$45.00K
YoY Change -114757.78% -100.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $106.3M $14.00K
YoY Change 759292.86% -100.06%
NET CHANGE
Cash From Operating Activities -$656.9M -$943.3M
Cash From Investing Activities $775.1M $743.1M
Cash From Financing Activities $106.3M $14.00K
Net Change In Cash $223.8M -$200.2M
YoY Change -211.83% -15.49%
FREE CASH FLOW
Cash From Operating Activities -$656.9M -$943.3M
Capital Expenditures $162.1M $172.2M
Free Cash Flow -$819.0M -$1.116B
YoY Change -26.58% 35.94%

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CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2018Q2 us-gaap Profit Loss
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CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019Q2 us-gaap Investment Income Interest
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51199000 USD
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RestructuringReserveNoncurrent
0 USD

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