2017 Q2 Form 10-Q Financial Statement

#000146785817000103 Filed on July 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $36.98B $37.38B
YoY Change -1.07% -2.09%
Cost Of Revenue $29.54B $29.94B
YoY Change -1.36% -8.15%
Gross Profit $7.449B $7.442B
YoY Change 0.09% 33.3%
Gross Profit Margin 20.14% 19.91%
Selling, General & Admin $2.477B $2.508B
YoY Change -1.24% -15.75%
% of Gross Profit 33.25% 33.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.961B $2.371B
YoY Change 24.88% 39.31%
% of Gross Profit 39.75% 31.86%
Operating Expenses $2.477B $2.508B
YoY Change -1.24% -15.75%
Operating Profit $2.297B $2.972B
YoY Change -22.71% 130.75%
Interest Expense $670.0M $649.0M
YoY Change 3.24% 51.28%
% of Operating Profit 29.17% 21.84%
Other Income/Expense, Net $272.0M $133.0M
YoY Change 104.51% 923.08%
Pretax Income $2.967B $3.621B
YoY Change -18.06% 110.89%
Income Tax $534.0M $877.0M
% Of Pretax Income 18.0% 24.22%
Net Earnings $1.660B $2.866B
YoY Change -42.08% 156.58%
Net Earnings / Revenue 4.49% 7.67%
Basic Earnings Per Share $1.11 $1.85
Diluted Earnings Per Share $1.09 $1.81
COMMON SHARES
Basic Shares Outstanding 1.497B shares 1.548B shares
Diluted Shares Outstanding 1.519B shares 1.581B shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.73B $23.17B
YoY Change 11.05% -6.67%
Cash & Equivalents $16.60B $18.92B
Short-Term Investments $9.133B $4.247B
Other Short-Term Assets $4.324B $2.073B
YoY Change 108.59% 36.38%
Inventory $11.29B $15.03B
Prepaid Expenses
Receivables $9.796B $10.46B
Other Receivables $19.30B $19.80B
Total Short-Term Assets $85.08B $74.63B
YoY Change 14.0% -11.74%
LONG-TERM ASSETS
Property, Plant & Equipment $34.30B $33.51B
YoY Change 2.36% 17.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.248B $8.198B
YoY Change 0.61% -2.44%
Other Assets $3.994B $3.697B
YoY Change 8.03% 51.45%
Total Long-Term Assets $155.2B $135.8B
YoY Change 14.28% 34.13%
TOTAL ASSETS
Total Short-Term Assets $85.08B $74.63B
Total Long-Term Assets $155.2B $135.8B
Total Assets $240.3B $210.4B
YoY Change 14.18% 13.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.40B $26.96B
YoY Change -13.19% 11.18%
Accrued Expenses $26.60B $27.85B
YoY Change -4.5% -9.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $30.01B $21.23B
YoY Change 41.35% 47.4%
Total Short-Term Liabilities $94.31B $76.04B
YoY Change 24.02% 9.37%
LONG-TERM LIABILITIES
Long-Term Debt $59.08B $54.09B
YoY Change 9.23% 38.29%
Other Long-Term Liabilities $12.44B $12.70B
YoY Change -2.06% -4.14%
Total Long-Term Liabilities $100.3B $90.40B
YoY Change 10.91% 12.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.31B $76.04B
Total Long-Term Liabilities $100.3B $90.40B
Total Liabilities $194.6B $166.4B
YoY Change 16.9% 10.86%
SHAREHOLDERS EQUITY
Retained Earnings $28.55B $23.79B
YoY Change 20.02% 63.9%
Common Stock $15.00M $16.00M
YoY Change -6.25% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.52B $43.63B
YoY Change
Total Liabilities & Shareholders Equity $240.3B $210.4B
YoY Change 14.18% 13.26%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $1.660B $2.866B
YoY Change -42.08% 156.58%
Depreciation, Depletion And Amortization $2.961B $2.371B
YoY Change 24.88% 39.31%
Cash From Operating Activities $5.518B $6.127B
YoY Change -9.94% 5.89%
INVESTING ACTIVITIES
Capital Expenditures -$7.613B -$6.781B
YoY Change 12.27% 11.95%
Acquisitions
YoY Change
Other Investing Activities $495.0M $1.082B
YoY Change -54.25% 435.64%
Cash From Investing Activities -$7.118B -$5.699B
YoY Change 24.9% -2.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.493B 3.600B
YoY Change 52.58% 50.31%
NET CHANGE
Cash From Operating Activities 5.518B 6.127B
Cash From Investing Activities -7.118B -5.699B
Cash From Financing Activities 5.493B 3.600B
Net Change In Cash 3.893B 4.028B
YoY Change -3.35% 73.17%
FREE CASH FLOW
Cash From Operating Activities $5.518B $6.127B
Capital Expenditures -$7.613B -$6.781B
Free Cash Flow $13.13B $12.91B
YoY Change 1.73% 8.99%

Facts In Submission

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us-gaap Depreciation Depletion And Amortization
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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CY2017Q2 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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us-gaap Dividends Common Stock Cash
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us-gaap Dividends Common Stock Cash
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us-gaap Dividends Common Stock Cash
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us-gaap Dividends Common Stock Cash
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2016Q2 us-gaap Equity Method Investments
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us-gaap Financial Services Costs
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us-gaap Financial Services Costs
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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CY2016Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Payments To Acquire Trading Securities Heldforinvestment
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us-gaap Profit Loss
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us-gaap Restructuring Charges
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290000000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
383000000 USD
CY2016Q1 us-gaap Restructuring Reserve
RestructuringReserve
606000000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
333000000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
268000000 USD
CY2017Q1 us-gaap Restructuring Reserve
RestructuringReserve
296000000 USD
CY2017Q2 us-gaap Restructuring Reserve
RestructuringReserve
493000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
26168000000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
28547000000 USD
CY2016Q2 us-gaap Revenues
Revenues
37383000000 USD
us-gaap Revenues
Revenues
70399000000 USD
CY2017Q2 us-gaap Revenues
Revenues
36984000000 USD
us-gaap Revenues
Revenues
74250000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
35246000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
66332000000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
33998000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
68517000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2508000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4978000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2479000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4837000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
290000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
43836000000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
45521000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
40323000000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44003000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44075000000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
45725000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
7000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
39000000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1581000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1580000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1519000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1525000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1548000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1547000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1497000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1501000000 shares

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