2016 Q4 Form 10-K Financial Statement

#000088209517000006 Filed on February 27, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 2015 Q4
Revenue $7.320B $30.39B $8.506B
YoY Change -13.94% -6.89% 16.3%
Cost Of Revenue $1.075B $4.261B $1.062B
YoY Change 1.22% 6.37% -0.08%
Gross Profit $6.141B $26.13B $7.347B
YoY Change -16.41% -8.75% 19.29%
Gross Profit Margin 83.89% 85.98% 86.37%
Selling, General & Admin $992.0M $3.398B $1.066B
YoY Change -6.94% -0.82% 21.62%
% of Gross Profit 16.15% 13.0% 14.51%
Research & Development $1.208B $5.098B $757.0M
YoY Change 59.58% 69.14% -27.53%
% of Gross Profit 19.67% 19.51% 10.3%
Depreciation & Amortization $292.0M $177.0M $278.0M
YoY Change 5.04% 9.94% 1.09%
% of Gross Profit 4.75% 0.68% 3.78%
Operating Expenses $2.200B $8.496B $1.823B
YoY Change 20.68% 31.93% -5.11%
Operating Profit $3.941B $17.63B $5.524B
YoY Change -28.66% -20.55% 30.35%
Interest Expense $199.0M $964.0M -$200.0M
YoY Change -199.5% 40.12% 53.37%
% of Operating Profit 5.05% 5.47% -3.62%
Other Income/Expense, Net -$324.0M $428.0M $16.00M
YoY Change -2125.0% 177.92% -45.95%
Pretax Income $3.920B $7.646B $5.437B
YoY Change -27.9% -3.86% 28.55%
Income Tax $821.0M $3.609B $752.0M
% Of Pretax Income 20.94% 47.2% 13.83%
Net Earnings $3.108B $13.50B $4.683B
YoY Change -33.63% -25.44% 34.3%
Net Earnings / Revenue 42.46% 44.43% 55.06%
Basic Earnings Per Share $2.36 $10.08 $3.26
Diluted Earnings Per Share $2.34 $9.94 $3.18
COMMON SHARES
Basic Shares Outstanding 1.317B shares 1.339B shares 1.441B shares
Diluted Shares Outstanding 1.358B shares

Balance Sheet

Concept 2016 Q4 2016 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.90B $11.90B $14.61B
YoY Change -18.57% -18.57% 44.22%
Cash & Equivalents $8.229B $8.229B $12.85B
Short-Term Investments $3.666B $3.666B $1.756B
Other Short-Term Assets $1.062B $1.592B $505.0M
YoY Change 110.3% -32.11% 6.99%
Inventory $1.587B $1.587B $1.955B
Prepaid Expenses $231.0M $240.0M
Receivables $4.514B $4.514B $5.854B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.59B $19.59B $24.76B
YoY Change -20.89% -20.89% 39.79%
LONG-TERM ASSETS
Property, Plant & Equipment $2.865B $2.865B $2.276B
YoY Change 25.88% 25.88% 35.96%
Goodwill $1.172B $1.172B
YoY Change 0.0% 0.0%
Intangibles $8.971B $10.25B
YoY Change -12.45% -7.46%
Long-Term Investments $20.50B $20.50B $11.60B
YoY Change 76.67% 76.67% 625.97%
Other Assets $3.896B $3.886B $934.0M
YoY Change 317.13% 134.38% 27.77%
Total Long-Term Assets $37.39B $37.39B $26.95B
YoY Change 38.71% 38.71% 59.02%
TOTAL ASSETS
Total Short-Term Assets $19.59B $19.59B $24.76B
Total Long-Term Assets $37.39B $37.39B $26.95B
Total Assets $56.98B $56.98B $51.72B
YoY Change 10.17% 10.17% 49.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.206B $1.206B $1.178B
YoY Change 2.38% 2.38% 23.35%
Accrued Expenses $2.991B $7.775B $3.172B
YoY Change -5.71% 7.14% 69.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $982.0M
YoY Change -100.0% -100.0% 103.31%
Total Short-Term Liabilities $9.218B $9.218B $9.890B
YoY Change -6.79% -6.79% 71.67%
LONG-TERM LIABILITIES
Long-Term Debt $26.35B $26.35B $21.07B
YoY Change 25.02% 25.01% 76.77%
Other Long-Term Liabilities $297.0M $2.050B $395.0M
YoY Change -24.81% 25.15% -32.59%
Total Long-Term Liabilities $26.64B $28.40B $21.47B
YoY Change 24.11% 25.02% 71.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.218B $9.218B $9.890B
Total Long-Term Liabilities $26.64B $28.40B $21.47B
Total Liabilities $35.86B $38.09B $31.36B
YoY Change 14.36% 14.79% 71.66%
SHAREHOLDERS EQUITY
Retained Earnings $18.15B $18.00B
YoY Change 0.85% 41.38%
Common Stock $1.000M $1.000M
YoY Change 0.0% -50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.89B $18.89B $18.53B
YoY Change
Total Liabilities & Shareholders Equity $56.98B $56.98B $51.72B
YoY Change 10.17% 10.17% 49.19%

Cashflow Statement

Concept 2016 Q4 2016 2015 Q4
OPERATING ACTIVITIES
Net Income $3.108B $13.50B $4.683B
YoY Change -33.63% -25.44% 34.3%
Depreciation, Depletion And Amortization $292.0M $177.0M $278.0M
YoY Change 5.04% 9.94% 1.09%
Cash From Operating Activities $3.539B $17.05B $5.795B
YoY Change -38.93% -19.78% 91.82%
INVESTING ACTIVITIES
Capital Expenditures -$169.0M -$748.0M -$166.0M
YoY Change 1.81% 0.13% -0.6%
Acquisitions $0.00
YoY Change
Other Investing Activities -$2.506B -$11.24B -$2.272B
YoY Change 10.3% -4.19% 858.65%
Cash From Investing Activities -$2.675B -$11.99B -$2.438B
YoY Change 9.72% -3.93% 501.98%
FINANCING ACTIVITIES
Cash Dividend Paid $2.455B
YoY Change 31.0%
Common Stock Issuance & Retirement, Net $10.79B
YoY Change 11.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.348B -$9.725B -4.465B
YoY Change -47.41% 65.28% -461.83%
NET CHANGE
Cash From Operating Activities 3.539B $17.05B 5.795B
Cash From Investing Activities -2.675B -$11.99B -2.438B
Cash From Financing Activities -2.348B -$9.725B -4.465B
Net Change In Cash -1.484B -$4.663B -1.108B
YoY Change 33.94% -261.29% -128.78%
FREE CASH FLOW
Cash From Operating Activities $3.539B $17.05B $5.795B
Capital Expenditures -$169.0M -$748.0M -$166.0M
Free Cash Flow $3.708B $17.80B $5.961B
YoY Change -37.8% -19.1% 86.98%

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