2018 Q2 Form 10-Q Financial Statement

#000162828018007715 Filed on June 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $7.468B $6.808B
YoY Change 9.69% -19.99%
Cost Of Revenue $5.210B $4.799B
YoY Change 8.56% 133.53%
Gross Profit $2.258B $2.009B
YoY Change 12.39% -68.87%
Gross Profit Margin 30.24% 29.51%
Selling, General & Admin $1.245B $1.229B
YoY Change 1.3% -25.42%
% of Gross Profit 55.14% 61.17%
Research & Development $403.0M $376.0M
YoY Change 7.18% -39.45%
% of Gross Profit 17.85% 18.72%
Depreciation & Amortization $655.0M $792.0M
YoY Change -17.3% -17.5%
% of Gross Profit 29.01% 39.42%
Operating Expenses $1.648B $1.605B
YoY Change 2.68% -29.26%
Operating Profit $366.0M $195.0M
YoY Change 87.69% -56.76%
Interest Expense -$88.00M $142.0M
YoY Change -161.97% 1.43%
% of Operating Profit -24.04% 72.82%
Other Income/Expense, Net -$78.00M -$86.00M
YoY Change -9.3% 65.38%
Pretax Income -$116.0M $113.0M
YoY Change -202.65% -65.76%
Income Tax -$966.0M $591.0M
% Of Pretax Income 523.01%
Net Earnings $778.0M -$612.0M
YoY Change -227.12% -291.25%
Net Earnings / Revenue 10.42% -8.99%
Basic Earnings Per Share $0.50 -$0.37
Diluted Earnings Per Share $0.49 -$0.37
COMMON SHARES
Basic Shares Outstanding 1.552B shares 1.658B shares
Diluted Shares Outstanding 1.582B shares 1.658B shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.986B $8.101B
YoY Change -13.76% -10.09%
Cash & Equivalents $6.986B $8.101B
Short-Term Investments
Other Short-Term Assets $3.325B $3.092B
YoY Change 7.54% -66.8%
Inventory $2.848B $2.041B
Prepaid Expenses
Receivables $3.099B $3.810B
Other Receivables $3.503B $1.055B
Total Short-Term Assets $19.79B $20.27B
YoY Change -2.37% -34.91%
LONG-TERM ASSETS
Property, Plant & Equipment $6.208B $6.692B
YoY Change -7.23% -30.82%
Goodwill $17.54B $25.50B
YoY Change -31.22%
Intangibles $907.0M $1.540B
YoY Change -41.1%
Long-Term Investments $2.517B $2.620B
YoY Change -3.93%
Other Assets $38.00M $10.85B
YoY Change -99.65% 3746.45%
Total Long-Term Assets $40.08B $47.20B
YoY Change -15.07% 0.6%
TOTAL ASSETS
Total Short-Term Assets $19.79B $20.27B
Total Long-Term Assets $40.08B $47.20B
Total Assets $59.88B $67.47B
YoY Change -11.26% -13.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.242B $5.194B
YoY Change 20.18% -1.8%
Accrued Expenses $5.182B $5.591B
YoY Change -7.32% -30.24%
Deferred Revenue
YoY Change
Short-Term Debt $858.0M $793.0M
YoY Change 8.2% 0.76%
Long-Term Debt Due $2.997B $1.217B
YoY Change 146.26% 583.71%
Total Short-Term Liabilities $19.08B $17.58B
YoY Change 8.57% -14.66%
LONG-TERM LIABILITIES
Long-Term Debt $9.970B $11.90B
YoY Change -16.25% -21.93%
Other Long-Term Liabilities $6.856B $1.020B
YoY Change 572.16% -90.0%
Total Long-Term Liabilities $16.83B $1.020B
YoY Change 1549.61% -95.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.08B $17.58B
Total Long-Term Liabilities $16.83B $1.020B
Total Liabilities $35.94B $18.60B
YoY Change 93.27% -59.94%
SHAREHOLDERS EQUITY
Retained Earnings -$5.306B -$1.867B
YoY Change 184.2%
Common Stock $32.21B $34.41B
YoY Change -6.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.93B $29.01B
YoY Change
Total Liabilities & Shareholders Equity $59.88B $67.47B
YoY Change -11.26% -13.57%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $778.0M -$612.0M
YoY Change -227.12% -291.25%
Depreciation, Depletion And Amortization $655.0M $792.0M
YoY Change -17.3% -17.5%
Cash From Operating Activities $247.0M $1.013B
YoY Change -75.62% -5.33%
INVESTING ACTIVITIES
Capital Expenditures -$693.0M -$758.0M
YoY Change -8.58% 5.28%
Acquisitions
YoY Change
Other Investing Activities $544.0M -$1.895B
YoY Change -128.71% -751.2%
Cash From Investing Activities -$149.0M -$2.653B
YoY Change -94.38% 518.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -784.0M -117.0M
YoY Change 570.09% -13.97%
NET CHANGE
Cash From Operating Activities 247.0M 1.013B
Cash From Investing Activities -149.0M -2.653B
Cash From Financing Activities -784.0M -117.0M
Net Change In Cash -686.0M -1.757B
YoY Change -60.96% -447.92%
FREE CASH FLOW
Cash From Operating Activities $247.0M $1.013B
Capital Expenditures -$693.0M -$758.0M
Free Cash Flow $940.0M $1.771B
YoY Change -46.92% -1.06%

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us-gaap Sales Revenue Goods Net
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us-gaap Sales Revenue Goods Net
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us-gaap Sales Revenue Services Net
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us-gaap Selling General And Administrative Expense
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2500000000 USD
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company's Condensed Consolidated Financial Statements and accompanying notes. Actual results could differ materially from those estimates.</font></div></div>

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