2018 Q4 Form 10-Q Financial Statement

#000119312518353281 Filed on December 19, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $4.411B $4.199B
YoY Change 5.06% 2.11%
Cost Of Revenue $2.902B $2.748B
YoY Change 5.6% 6.97%
Gross Profit $1.510B $1.446B
YoY Change 4.39% -4.82%
Gross Profit Margin 34.22% 34.44%
Selling, General & Admin $746.5M $735.6M
YoY Change 1.48% 3.88%
% of Gross Profit 49.45% 50.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $154.9M $145.7M
YoY Change 6.31% -1.95%
% of Gross Profit 10.26% 10.07%
Operating Expenses $746.5M $735.6M
YoY Change 1.48% 3.88%
Operating Profit $547.0M $729.8M
YoY Change -25.05% -5.09%
Interest Expense -$132.7M -$74.90M
YoY Change 77.17% -199.21%
% of Operating Profit -24.26% -10.26%
Other Income/Expense, Net
YoY Change
Pretax Income $435.3M $654.9M
YoY Change -33.53% -5.55%
Income Tax $106.6M $234.9M
% Of Pretax Income 24.49% 35.87%
Net Earnings $343.4M $430.5M
YoY Change -20.23% -10.65%
Net Earnings / Revenue 7.78% 10.25%
Basic Earnings Per Share $0.57 $0.75
Diluted Earnings Per Share $0.57 $0.74
COMMON SHARES
Basic Shares Outstanding 599.4M shares 571.3M shares
Diluted Shares Outstanding 604.5M shares 580.3M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $533.0M $962.0M
YoY Change -44.59% 18.77%
Cash & Equivalents $532.7M $953.1M
Short-Term Investments
Other Short-Term Assets $345.0M $345.0M
YoY Change 0.0% -12.44%
Inventory $1.639B $1.517B
Prepaid Expenses
Receivables $1.717B $1.511B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.234B $4.334B
YoY Change -2.31% 5.41%
LONG-TERM ASSETS
Property, Plant & Equipment $3.897B $3.631B
YoY Change 7.33% 1.67%
Goodwill $14.02B $8.828B
YoY Change 58.79% 1.72%
Intangibles $7.203B $4.582B
YoY Change 57.2% 2.1%
Long-Term Investments
YoY Change
Other Assets $1.032B $816.0M
YoY Change 26.47% 8.4%
Total Long-Term Assets $26.15B $17.86B
YoY Change 46.43% 2.1%
TOTAL ASSETS
Total Short-Term Assets $4.234B $4.334B
Total Long-Term Assets $26.15B $17.86B
Total Assets $30.38B $22.19B
YoY Change 36.91% 2.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.824B $2.467B
YoY Change 14.47% 27.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.056B $1.298B
YoY Change -18.62% -8.7%
Long-Term Debt Due $1.991B $201.0M
YoY Change 890.55% -86.67%
Total Short-Term Liabilities $7.298B $5.350B
YoY Change 36.41% -14.32%
LONG-TERM LIABILITIES
Long-Term Debt $12.21B $8.228B
YoY Change 48.38% 25.77%
Other Long-Term Liabilities $1.313B $1.440B
YoY Change -8.82% -27.34%
Total Long-Term Liabilities $13.52B $9.668B
YoY Change 39.86% 13.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.298B $5.350B
Total Long-Term Liabilities $13.52B $9.668B
Total Liabilities $23.73B $17.96B
YoY Change 32.13% 10.36%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 157.9M shares 186.0M shares
Shareholders Equity $6.652B $4.231B
YoY Change
Total Liabilities & Shareholders Equity $30.38B $22.19B
YoY Change 36.92% 2.73%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $343.4M $430.5M
YoY Change -20.23% -10.65%
Depreciation, Depletion And Amortization $154.9M $145.7M
YoY Change 6.31% -1.95%
Cash From Operating Activities $789.1M $976.3M
YoY Change -19.17% 37.91%
INVESTING ACTIVITIES
Capital Expenditures -$141.1M -$143.7M
YoY Change -1.81% -12.8%
Acquisitions
YoY Change
Other Investing Activities -$14.70M -$4.200M
YoY Change 250.0% -134.71%
Cash From Investing Activities -$155.8M -$147.9M
YoY Change 5.34% -3.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -524.3M -679.7M
YoY Change -22.86% 41.08%
NET CHANGE
Cash From Operating Activities 789.1M 976.3M
Cash From Investing Activities -155.8M -147.9M
Cash From Financing Activities -524.3M -679.7M
Net Change In Cash 109.0M 148.7M
YoY Change -26.7% 102.59%
FREE CASH FLOW
Cash From Operating Activities $789.1M $976.3M
Capital Expenditures -$141.1M -$143.7M
Free Cash Flow $930.2M $1.120B
YoY Change -16.95% 28.34%

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