2019 Q3 Form 10-Q Financial Statement

#000035495019000057 Filed on August 27, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $30.84B $30.46B
YoY Change 1.23% 8.38%
Cost Of Revenue $20.41B $20.10B
YoY Change 1.54% 7.78%
Gross Profit $10.43B $10.37B
YoY Change 0.65% 9.56%
Gross Profit Margin 33.83% 34.02%
Selling, General & Admin $5.044B $5.004B
YoY Change 0.8% 10.0%
% of Gross Profit 48.35% 48.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $560.0M $530.0M
YoY Change 5.66% 3.92%
% of Gross Profit 5.37% 5.11%
Operating Expenses $5.536B $5.464B
YoY Change 1.32% 9.32%
Operating Profit $4.896B $4.901B
YoY Change -0.1% 9.81%
Interest Expense $302.0M $272.0M
YoY Change 11.03% 2.64%
% of Operating Profit 6.17% 5.55%
Other Income/Expense, Net -$283.0M -$246.0M
YoY Change 15.04% -1.2%
Pretax Income $4.613B $4.655B
YoY Change -0.9% 10.47%
Income Tax $1.134B $1.149B
% Of Pretax Income 24.58% 24.68%
Net Earnings $3.479B $3.506B
YoY Change -0.77% 31.21%
Net Earnings / Revenue 11.28% 11.51%
Basic Earnings Per Share $3.18 $3.06
Diluted Earnings Per Share $3.17 $3.05
COMMON SHARES
Basic Shares Outstanding 1.095B shares 1.144B shares
Diluted Shares Outstanding 1.099B shares 1.149B shares

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.547B $3.490B
YoY Change -27.02% -27.74%
Cash & Equivalents $2.547B $3.490B
Short-Term Investments
Other Short-Term Assets $1.137B $1.104B
YoY Change 2.99% 76.36%
Inventory $14.74B $14.04B
Prepaid Expenses
Receivables $2.274B $2.164B
Other Receivables $0.00 $0.00
Total Short-Term Assets $20.70B $20.80B
YoY Change -0.5% 1.42%
LONG-TERM ASSETS
Property, Plant & Equipment $22.39B $21.91B
YoY Change 2.18% -0.57%
Goodwill $2.254B $2.251B
YoY Change 0.13% 0.72%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $881.0M $1.270B
YoY Change -30.63% 7.81%
Total Long-Term Assets $31.31B $25.43B
YoY Change 23.13% -0.07%
TOTAL ASSETS
Total Short-Term Assets $20.70B $20.80B
Total Long-Term Assets $31.31B $25.43B
Total Assets $52.01B $46.23B
YoY Change 12.5% 0.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.494B $9.407B
YoY Change 0.92% 10.14%
Accrued Expenses $5.756B $4.827B
YoY Change 19.25% 7.82%
Deferred Revenue $2.233B
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.315B $2.203B
YoY Change -40.31% 304.22%
Total Short-Term Liabilities $18.80B $18.43B
YoY Change 2.02% 16.45%
LONG-TERM LIABILITIES
Long-Term Debt $27.06B $23.30B
YoY Change 16.18% -4.61%
Other Long-Term Liabilities $2.045B $2.502B
YoY Change -18.27% 30.11%
Total Long-Term Liabilities $2.045B $2.502B
YoY Change -18.27% 30.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.80B $18.43B
Total Long-Term Liabilities $2.045B $2.502B
Total Liabilities $53.17B $44.22B
YoY Change 20.23% 4.29%
SHAREHOLDERS EQUITY
Retained Earnings $49.45B $43.54B
YoY Change 13.56% 14.37%
Common Stock $10.87B $10.17B
YoY Change 6.86% 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.70B $50.93B
YoY Change 19.18% 15.52%
Treasury Stock Shares 637.0M shares
Shareholders Equity -$1.160B $2.009B
YoY Change
Total Liabilities & Shareholders Equity $52.01B $46.23B
YoY Change 12.5% 0.59%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $3.479B $3.506B
YoY Change -0.77% 31.21%
Depreciation, Depletion And Amortization $560.0M $530.0M
YoY Change 5.66% 3.92%
Cash From Operating Activities $3.830B $3.926B
YoY Change -2.45% 19.04%
INVESTING ACTIVITIES
Capital Expenditures -$565.0M -$535.0M
YoY Change 5.61% 37.89%
Acquisitions
YoY Change
Other Investing Activities $4.000M $8.000M
YoY Change -50.0% -103.1%
Cash From Investing Activities -$561.0M -$527.0M
YoY Change 6.45% -18.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.621B -3.414B
YoY Change -23.23% 117.73%
NET CHANGE
Cash From Operating Activities 3.830B 3.926B
Cash From Investing Activities -561.0M -527.0M
Cash From Financing Activities -2.621B -3.414B
Net Change In Cash 648.0M -15.00M
YoY Change -4420.0% -101.38%
FREE CASH FLOW
Cash From Operating Activities $3.830B $3.926B
Capital Expenditures -$565.0M -$535.0M
Free Cash Flow $4.395B $4.461B
YoY Change -1.48% 21.03%

Facts In Submission

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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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us-gaap Operating Lease Cost
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us-gaap Short Term Lease Cost
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CY2019Q1 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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CY2019Q1 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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520000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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us-gaap Debt Instrument Redemption Price Percentage
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hd Debt Instrument Change Of Control Redemption Price Percent
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CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2019Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2018Q3 us-gaap Stock Issued During Period Shares New Issues
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us-gaap Stock Issued During Period Shares New Issues
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CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2019Q3 us-gaap Common Stock Shares Issued
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CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2019Q2 us-gaap Treasury Stock Common Shares
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CY2018Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2019Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2018Q1 us-gaap Treasury Stock Common Shares
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CY2019Q3 us-gaap Stock Repurchased During Period Shares
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CY2018Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
10000000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
12000000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15000000 shares
CY2019Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
689000000 shares
CY2018Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2019Q3 us-gaap Treasury Stock Common Shares
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CY2018Q3 us-gaap Treasury Stock Common Shares
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CY2019Q3 us-gaap Common Stock Shares Outstanding
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CommonStockSharesOutstanding
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CY2018Q3 us-gaap Common Stock Shares Outstanding
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CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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1.36
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us-gaap Common Stock Dividends Per Share Cash Paid
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WeightedAverageNumberOfSharesOutstandingBasic
1144000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1098000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1099000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1103000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares

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