2017 Q2 Form 10-Q Financial Statement

#000004053317000014 Filed on April 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $7.441B $7.476B
YoY Change -0.47% -3.96%
Cost Of Revenue $5.923B $6.091B
YoY Change -2.76% -2.61%
Gross Profit $1.518B $1.385B
YoY Change 9.6% -9.48%
Gross Profit Margin 20.4% 18.53%
Selling, General & Admin $472.0M $461.0M
YoY Change 2.39% -8.35%
% of Gross Profit 31.09% 33.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.00M $89.00M
YoY Change 3.37% -5.32%
% of Gross Profit 6.06% 6.43%
Operating Expenses $472.0M $461.0M
YoY Change 2.39% -8.35%
Operating Profit $1.046B $924.0M
YoY Change 13.2% -10.03%
Interest Expense -$25.00M -$22.00M
YoY Change 13.64% 4.76%
% of Operating Profit -2.39% -2.38%
Other Income/Expense, Net -$11.00M $10.00M
YoY Change -210.0% 233.33%
Pretax Income $1.010B $912.0M
YoY Change 10.75% -9.61%
Income Tax $247.0M $258.0M
% Of Pretax Income 24.46% 28.29%
Net Earnings $763.0M $641.0M
YoY Change 19.03% -10.47%
Net Earnings / Revenue 10.25% 8.57%
Basic Earnings Per Share $2.53 $2.08
Diluted Earnings Per Share $2.48 $2.04
COMMON SHARES
Basic Shares Outstanding 301.8M shares 307.9M shares
Diluted Shares Outstanding 307.3M shares 313.5M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.168B $1.907B
YoY Change 13.69% -56.78%
Cash & Equivalents $2.168B $1.907B
Short-Term Investments
Other Short-Term Assets $584.0M $418.0M
YoY Change 39.71% -4.57%
Inventory $5.822B $3.504B
Prepaid Expenses
Receivables $3.483B $3.654B
Other Receivables $0.00 $0.00
Total Short-Term Assets $16.61B $14.19B
YoY Change 17.1% -13.23%
LONG-TERM ASSETS
Property, Plant & Equipment $3.412B $3.477B
YoY Change -1.87% 4.63%
Goodwill $11.53B $11.60B
YoY Change -0.54% -0.89%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $974.0M $1.683B
YoY Change -42.13% -20.54%
Total Long-Term Assets $16.60B $17.51B
YoY Change -5.24% -2.88%
TOTAL ASSETS
Total Short-Term Assets $16.61B $14.19B
Total Long-Term Assets $16.60B $17.51B
Total Assets $33.21B $31.70B
YoY Change 4.76% -7.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.466B $2.150B
YoY Change 14.7% -5.12%
Accrued Expenses $973.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $901.0M $501.0M
YoY Change 79.84% 50000.0%
Total Short-Term Liabilities $13.17B $12.42B
YoY Change 5.97% -5.25%
LONG-TERM LIABILITIES
Long-Term Debt $2.988B $2.899B
YoY Change 3.07% -14.99%
Other Long-Term Liabilities $6.475B $5.798B
YoY Change 11.68% -8.59%
Total Long-Term Liabilities $9.463B $8.697B
YoY Change 8.81% -10.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.17B $12.42B
Total Long-Term Liabilities $9.463B $8.697B
Total Liabilities $22.63B $21.12B
YoY Change 7.14% -7.63%
SHAREHOLDERS EQUITY
Retained Earnings $25.05B $23.69B
YoY Change 5.75% 9.59%
Common Stock $482.0M $482.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.45B $13.39B
YoY Change 7.93% 34.55%
Treasury Stock Shares
Shareholders Equity $10.58B $10.19B
YoY Change
Total Liabilities & Shareholders Equity $33.21B $31.70B
YoY Change 4.76% -7.8%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $763.0M $641.0M
YoY Change 19.03% -10.47%
Depreciation, Depletion And Amortization $92.00M $89.00M
YoY Change 3.37% -5.32%
Cash From Operating Activities $525.0M $439.0M
YoY Change 19.59% -41.07%
INVESTING ACTIVITIES
Capital Expenditures $62.00M $65.00M
YoY Change -4.62% -33.67%
Acquisitions
YoY Change
Other Investing Activities $23.00M $53.00M
YoY Change -56.6% -156.38%
Cash From Investing Activities -$85.00M -$118.0M
YoY Change -27.97% -123.79%
FINANCING ACTIVITIES
Cash Dividend Paid $230.0M $215.0M
YoY Change 6.98% 4.37%
Common Stock Issuance & Retirement, Net $354.0M $1.026B
YoY Change -65.5% 65.48%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -606.0M -$1.193B
YoY Change -49.2% -1.32%
NET CHANGE
Cash From Operating Activities 525.0M $439.0M
Cash From Investing Activities -85.00M -$118.0M
Cash From Financing Activities -606.0M -$1.193B
Net Change In Cash -166.0M -$872.0M
YoY Change -80.96% -2825.0%
FREE CASH FLOW
Cash From Operating Activities $525.0M $439.0M
Capital Expenditures $62.00M $65.00M
Free Cash Flow $463.0M $374.0M
YoY Change 23.8% -42.19%

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