2019 Q2 Form 10-Q Financial Statement

#000164559019000017 Filed on May 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $7.150B $7.468B
YoY Change -4.26% 9.69%
Cost Of Revenue $4.845B $5.210B
YoY Change -7.01% 8.56%
Gross Profit $2.305B $2.258B
YoY Change 2.08% 12.39%
Gross Profit Margin 32.24% 30.24%
Selling, General & Admin $1.214B $1.245B
YoY Change -2.49% 1.3%
% of Gross Profit 52.67% 55.14%
Research & Development $457.0M $403.0M
YoY Change 13.4% 7.18%
% of Gross Profit 19.83% 17.85%
Depreciation & Amortization $648.0M $655.0M
YoY Change -1.07% -17.3%
% of Gross Profit 28.11% 29.01%
Operating Expenses $1.671B $1.648B
YoY Change 1.4% 2.68%
Operating Profit $434.0M $366.0M
YoY Change 18.58% 87.69%
Interest Expense -$15.00M -$88.00M
YoY Change -82.95% -161.97%
% of Operating Profit -3.46% -24.04%
Other Income/Expense, Net -$18.00M -$78.00M
YoY Change -76.92% -9.3%
Pretax Income $440.0M -$116.0M
YoY Change -479.31% -202.65%
Income Tax $21.00M -$966.0M
% Of Pretax Income 4.77%
Net Earnings $419.0M $778.0M
YoY Change -46.14% -227.12%
Net Earnings / Revenue 5.86% 10.42%
Basic Earnings Per Share $0.31 $0.50
Diluted Earnings Per Share $0.30 $0.49
COMMON SHARES
Basic Shares Outstanding 1.367B shares 1.552B shares
Diluted Shares Outstanding 1.382B shares 1.582B shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.585B $6.986B
YoY Change -48.68% -13.76%
Cash & Equivalents $3.585B $6.986B
Short-Term Investments
Other Short-Term Assets $2.636B $3.325B
YoY Change -20.72% 7.54%
Inventory $2.182B $2.848B
Prepaid Expenses
Receivables $3.143B $3.099B
Other Receivables $5.236B $3.503B
Total Short-Term Assets $15.00B $19.79B
YoY Change -24.21% -2.37%
LONG-TERM ASSETS
Property, Plant & Equipment $6.138B $6.208B
YoY Change -1.13% -7.23%
Goodwill $17.59B $17.54B
YoY Change 0.29% -31.22%
Intangibles $677.0M $907.0M
YoY Change -25.36% -41.1%
Long-Term Investments $2.421B $2.517B
YoY Change -3.81% -3.93%
Other Assets $140.0M $38.00M
YoY Change 268.42% -99.65%
Total Long-Term Assets $36.14B $40.08B
YoY Change -9.84% -15.07%
TOTAL ASSETS
Total Short-Term Assets $15.00B $19.79B
Total Long-Term Assets $36.14B $40.08B
Total Assets $51.14B $59.88B
YoY Change -14.59% -11.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.483B $6.242B
YoY Change -12.16% 20.18%
Accrued Expenses $5.035B $5.182B
YoY Change -2.84% -7.32%
Deferred Revenue
YoY Change
Short-Term Debt $928.0M $858.0M
YoY Change 8.16% 8.2%
Long-Term Debt Due $1.186B $2.997B
YoY Change -60.43% 146.26%
Total Short-Term Liabilities $16.08B $19.08B
YoY Change -15.76% 8.57%
LONG-TERM LIABILITIES
Long-Term Debt $10.33B $9.970B
YoY Change 3.63% -16.25%
Other Long-Term Liabilities $6.490B $6.856B
YoY Change -5.34% 572.16%
Total Long-Term Liabilities $16.82B $16.83B
YoY Change -0.02% 1549.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.08B $19.08B
Total Long-Term Liabilities $16.82B $16.83B
Total Liabilities $32.94B $35.94B
YoY Change -8.35% 93.27%
SHAREHOLDERS EQUITY
Retained Earnings -$7.765B -$5.306B
YoY Change 46.34% 184.2%
Common Stock $29.13B $32.21B
YoY Change -9.55% -6.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.20B $23.93B
YoY Change
Total Liabilities & Shareholders Equity $51.14B $59.88B
YoY Change -14.59% -11.26%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $419.0M $778.0M
YoY Change -46.14% -227.12%
Depreciation, Depletion And Amortization $648.0M $655.0M
YoY Change -1.07% -17.3%
Cash From Operating Activities $987.0M $247.0M
YoY Change 299.6% -75.62%
INVESTING ACTIVITIES
Capital Expenditures -$799.0M -$693.0M
YoY Change 15.3% -8.58%
Acquisitions
YoY Change
Other Investing Activities $351.0M $544.0M
YoY Change -35.48% -128.71%
Cash From Investing Activities -$448.0M -$149.0M
YoY Change 200.67% -94.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -655.0M -784.0M
YoY Change -16.45% 570.09%
NET CHANGE
Cash From Operating Activities 987.0M 247.0M
Cash From Investing Activities -448.0M -149.0M
Cash From Financing Activities -655.0M -784.0M
Net Change In Cash -116.0M -686.0M
YoY Change -83.09% -60.96%
FREE CASH FLOW
Cash From Operating Activities $987.0M $247.0M
Capital Expenditures -$799.0M -$693.0M
Free Cash Flow $1.786B $940.0M
YoY Change 90.0% -46.92%

Facts In Submission

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us-gaap Loss From Catastrophes
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us-gaap Loss From Catastrophes
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
2000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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173000000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
22000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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60000000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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0 USD
us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
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7000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
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us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
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7000000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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0 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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6000000 USD
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us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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CY2019Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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122000000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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2000000 USD
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9000000 USD
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us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
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us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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us-gaap Revenues
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1571000000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1367000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1384000000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;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-align:justify;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>

Files In Submission

Name View Source Status
0001645590-19-000017-index-headers.html Edgar Link pending
0001645590-19-000017-index.html Edgar Link pending
0001645590-19-000017.txt Edgar Link pending
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