2019 Q1 Form 10-Q Financial Statement

#000004053319000021 Filed on April 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q2
Revenue $9.261B $7.535B
YoY Change 1.26%
Cost Of Revenue $7.633B $5.990B
YoY Change 1.13%
Gross Profit $1.628B $1.545B
YoY Change 1.78%
Gross Profit Margin 17.58% 20.5%
Selling, General & Admin $614.0M $537.0M
YoY Change 13.77%
% of Gross Profit 37.71% 34.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $114.0M $89.00M
YoY Change -3.26%
% of Gross Profit 7.0% 5.76%
Operating Expenses $614.0M $537.0M
YoY Change 13.77%
Operating Profit $1.014B $1.008B
YoY Change -3.63%
Interest Expense -$117.0M -$27.00M
YoY Change 8.0%
% of Operating Profit -11.54% -2.68%
Other Income/Expense, Net $31.00M -$21.00M
YoY Change 90.91%
Pretax Income $915.0M $960.0M
YoY Change -4.95%
Income Tax $170.0M $161.0M
% Of Pretax Income 18.58% 16.77%
Net Earnings $745.0M $799.0M
YoY Change 4.72%
Net Earnings / Revenue 8.04% 10.6%
Basic Earnings Per Share
Diluted Earnings Per Share $2.560M $2.654M
COMMON SHARES
Basic Shares Outstanding 287.9M shares 296.4M shares
Diluted Shares Outstanding 290.9M shares 301.1M shares

Balance Sheet

Concept 2019 Q1 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $872.0M $4.522B
YoY Change 108.58%
Cash & Equivalents $673.0M $4.332B
Short-Term Investments $199.0M $190.0M
Other Short-Term Assets $924.0M $955.0M
YoY Change 63.53%
Inventory $6.185B $5.543B
Prepaid Expenses
Receivables $3.718B $3.769B
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.87B $20.46B
YoY Change 23.17%
LONG-TERM ASSETS
Property, Plant & Equipment $4.054B $3.533B
YoY Change 3.55%
Goodwill $19.67B $11.96B
YoY Change 3.67%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.359B $565.0M
YoY Change -41.99%
Total Long-Term Assets $28.60B $16.76B
YoY Change 0.95%
TOTAL ASSETS
Total Short-Term Assets $18.87B $20.46B
Total Long-Term Assets $28.60B $16.76B
Total Assets $47.47B $37.22B
YoY Change 12.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.008B $2.851B
YoY Change 15.61%
Accrued Expenses $1.314B $985.0M
YoY Change 1.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.341B $2.498B
YoY Change 177.25%
Total Short-Term Liabilities $15.38B $15.24B
YoY Change 15.78%
LONG-TERM LIABILITIES
Long-Term Debt $11.45B $3.981B
YoY Change 33.23%
Other Long-Term Liabilities $8.399B $6.222B
YoY Change -3.91%
Total Long-Term Liabilities $19.85B $10.20B
YoY Change 7.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.38B $15.24B
Total Long-Term Liabilities $19.85B $10.20B
Total Liabilities $35.23B $25.45B
YoY Change 12.45%
SHAREHOLDERS EQUITY
Retained Earnings $29.78B $27.61B
YoY Change 10.2%
Common Stock $482.0M $482.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.28B $15.74B
YoY Change 8.96%
Treasury Stock Shares
Shareholders Equity $12.23B $11.77B
YoY Change
Total Liabilities & Shareholders Equity $47.47B $37.22B
YoY Change 12.07%

Cashflow Statement

Concept 2019 Q1 2018 Q2
OPERATING ACTIVITIES
Net Income $745.0M $799.0M
YoY Change 4.72%
Depreciation, Depletion And Amortization $114.0M $89.00M
YoY Change -3.26%
Cash From Operating Activities -$795.0M -$498.0M
YoY Change -194.86%
INVESTING ACTIVITIES
Capital Expenditures $181.0M $104.0M
YoY Change 67.74%
Acquisitions
YoY Change
Other Investing Activities $6.000M $1.000M
YoY Change -95.65%
Cash From Investing Activities -$187.0M -$105.0M
YoY Change 23.53%
FINANCING ACTIVITIES
Cash Dividend Paid $268.0M $250.0M
YoY Change 8.7%
Common Stock Issuance & Retirement, Net $133.0M $267.0M
YoY Change -24.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $697.0M 1.952B
YoY Change -422.11%
NET CHANGE
Cash From Operating Activities -$795.0M -498.0M
Cash From Investing Activities -$187.0M -105.0M
Cash From Financing Activities $697.0M 1.952B
Net Change In Cash -$290.0M 1.349B
YoY Change -912.65%
FREE CASH FLOW
Cash From Operating Activities -$795.0M -$498.0M
Capital Expenditures $181.0M $104.0M
Free Cash Flow -$976.0M -$602.0M
YoY Change -230.02%

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