2019 Q2 Form 10-Q Financial Statement

#000004053319000048 Filed on July 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q3 2018 Q2
Revenue $9.555B $9.186B $7.535B
YoY Change 26.81% 19.69% 1.26%
Cost Of Revenue $7.869B $7.509B $5.990B
YoY Change 31.37% 22.82% 1.13%
Gross Profit $1.686B $1.677B $1.545B
YoY Change 9.13% 7.43% 1.78%
Gross Profit Margin 17.65% 18.26% 20.5%
Selling, General & Admin $596.0M $589.0M $537.0M
YoY Change 10.99% 19.23% 13.77%
% of Gross Profit 35.35% 35.12% 34.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $210.0M $218.0M $89.00M
YoY Change 135.96% 100.0% -3.26%
% of Gross Profit 12.46% 13.0% 5.76%
Operating Expenses $596.0M $589.0M $537.0M
YoY Change 10.99% 19.23% 13.77%
Operating Profit $1.090B $1.135B $1.008B
YoY Change 8.13% 6.37% -3.63%
Interest Expense -$119.0M -$103.0M -$27.00M
YoY Change 340.74% 329.17% 8.0%
% of Operating Profit -10.92% -9.07% -2.68%
Other Income/Expense, Net $25.00M $2.000M -$21.00M
YoY Change -219.05% -118.18% 90.91%
Pretax Income $983.0M $1.023B $960.0M
YoY Change 2.4% -0.87% -4.95%
Income Tax $177.0M $159.0M $161.0M
% Of Pretax Income 18.01% 15.54% 16.77%
Net Earnings $806.0M $851.0M $799.0M
YoY Change 0.88% 13.62% 4.72%
Net Earnings / Revenue 8.44% 9.26% 10.6%
Basic Earnings Per Share $2.88
Diluted Earnings Per Share $2.770M $2.85 $2.654M
COMMON SHARES
Basic Shares Outstanding 288.1M shares 295.3M shares 296.4M shares
Diluted Shares Outstanding 290.8M shares 299.1M shares 301.1M shares

Balance Sheet

Concept 2019 Q2 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $896.0M $2.047B $4.522B
YoY Change -80.19% 10.29% 108.58%
Cash & Equivalents $702.0M $1.862B $4.332B
Short-Term Investments $194.0M $185.0M $190.0M
Other Short-Term Assets $1.148B $1.401B $955.0M
YoY Change 20.21% 101.29% 63.53%
Inventory $6.480B $6.247B $5.543B
Prepaid Expenses
Receivables $3.673B $3.736B $3.769B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.56B $19.96B $20.46B
YoY Change -4.43% 16.54% 23.17%
LONG-TERM ASSETS
Property, Plant & Equipment $4.091B $4.244B $3.533B
YoY Change 15.79% 23.95% 3.55%
Goodwill $19.66B $19.49B $11.96B
YoY Change 64.47% 66.85% 3.67%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.307B $608.0M $565.0M
YoY Change 308.32% -30.83% -41.99%
Total Long-Term Assets $28.52B $27.01B $16.76B
YoY Change 70.2% 62.03% 0.95%
TOTAL ASSETS
Total Short-Term Assets $19.56B $19.96B $20.46B
Total Long-Term Assets $28.52B $27.01B $16.76B
Total Assets $48.07B $46.96B $37.22B
YoY Change 29.17% 38.97% 12.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.860B $3.033B $2.851B
YoY Change 0.32% 15.76% 15.61%
Accrued Expenses $1.404B $1.191B $985.0M
YoY Change 42.54% 15.63% 1.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.024B $2.881B $2.498B
YoY Change 101.12% 191.3% 177.25%
Total Short-Term Liabilities $18.01B $15.69B $15.24B
YoY Change 18.19% 16.19% 15.78%
LONG-TERM LIABILITIES
Long-Term Debt $8.975B $11.40B $3.981B
YoY Change 125.45% 281.5% 33.23%
Other Long-Term Liabilities $8.208B $7.116B $6.222B
YoY Change 31.92% 12.08% -3.91%
Total Long-Term Liabilities $17.18B $18.52B $10.20B
YoY Change 68.41% 98.32% 7.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.01B $15.69B $15.24B
Total Long-Term Liabilities $17.18B $18.52B $10.20B
Total Liabilities $35.20B $34.21B $25.45B
YoY Change 38.33% 49.77% 12.45%
SHAREHOLDERS EQUITY
Retained Earnings $30.29B $28.69B $27.61B
YoY Change 9.73% 12.31% 10.2%
Common Stock $482.0M $482.0M $482.0M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.38B $15.97B $15.74B
YoY Change 10.4% 6.83% 8.96%
Treasury Stock Shares
Shareholders Equity $12.88B $12.76B $11.77B
YoY Change
Total Liabilities & Shareholders Equity $48.07B $46.96B $37.22B
YoY Change 29.17% 38.97% 12.07%

Cashflow Statement

Concept 2019 Q2 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $806.0M $851.0M $799.0M
YoY Change 0.88% 13.62% 4.72%
Depreciation, Depletion And Amortization $210.0M $218.0M $89.00M
YoY Change 135.96% 100.0% -3.26%
Cash From Operating Activities $272.0M $783.0M -$498.0M
YoY Change -154.62% 67.31% -194.86%
INVESTING ACTIVITIES
Capital Expenditures -$181.0M -$175.0M $104.0M
YoY Change -274.04% 92.31% 67.74%
Acquisitions
YoY Change
Other Investing Activities $5.000M -$9.964B $1.000M
YoY Change 400.0% 52342.11% -95.65%
Cash From Investing Activities -$176.0M -$10.14B -$105.0M
YoY Change 67.62% 9117.27% 23.53%
FINANCING ACTIVITIES
Cash Dividend Paid $295.0M $275.0M $250.0M
YoY Change 18.0% 8.7% 8.7%
Common Stock Issuance & Retirement, Net $267.0M
YoY Change -24.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.00M 6.886B 1.952B
YoY Change -103.43% -1127.76% -422.11%
NET CHANGE
Cash From Operating Activities 272.0M 783.0M -498.0M
Cash From Investing Activities -176.0M -10.14B -105.0M
Cash From Financing Activities -67.00M 6.886B 1.952B
Net Change In Cash 29.00M -2.470B 1.349B
YoY Change -97.85% 691.67% -912.65%
FREE CASH FLOW
Cash From Operating Activities $272.0M $783.0M -$498.0M
Capital Expenditures -$181.0M -$175.0M $104.0M
Free Cash Flow $453.0M $958.0M -$602.0M
YoY Change -175.25% 71.38% -230.02%

Facts In Submission

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