2017 Q1 Form 10-Q Financial Statement
#000110465917025881 Filed on April 25, 2017
Income Statement
| Concept | 2017 Q1 | 2016 Q1 |
|---|---|---|
| Revenue | $18.16B | $18.68B |
| YoY Change | -2.83% | -4.62% |
| Cost Of Revenue | $10.21B | $9.999B |
| YoY Change | 2.12% | -1.37% |
| Gross Profit | $7.944B | $8.686B |
| YoY Change | -8.54% | -8.1% |
| Gross Profit Margin | 43.76% | 46.49% |
| Selling, General & Admin | $5.027B | $6.012B |
| YoY Change | -16.38% | 12.12% |
| % of Gross Profit | 63.28% | 69.21% |
| Research & Development | $1.484B | $1.458B |
| YoY Change | 1.78% | 12.33% |
| % of Gross Profit | 18.68% | 16.79% |
| Depreciation & Amortization | $1.099B | $677.0M |
| YoY Change | 62.33% | 1.04% |
| % of Gross Profit | 13.83% | 7.79% |
| Operating Expenses | $6.511B | $7.470B |
| YoY Change | -12.84% | 12.16% |
| Operating Profit | $1.433B | $1.216B |
| YoY Change | 17.85% | -56.45% |
| Interest Expense | -$81.00M | $147.0M |
| YoY Change | -155.1% | 36.11% |
| % of Operating Profit | -5.65% | 12.09% |
| Other Income/Expense, Net | $1.000M | |
| YoY Change | ||
| Pretax Income | $1.424B | $1.034B |
| YoY Change | 37.72% | -65.54% |
| Income Tax | -$329.0M | -$983.0M |
| % Of Pretax Income | -23.1% | -95.07% |
| Net Earnings | $1.750B | $2.014B |
| YoY Change | -13.11% | -13.49% |
| Net Earnings / Revenue | 9.64% | 10.78% |
| Basic Earnings Per Share | $2.09 | |
| Diluted Earnings Per Share | $1.846M | $2.09 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 942.4M | 961.7M shares |
| Diluted Shares Outstanding | 964.4M shares |
Balance Sheet
| Concept | 2017 Q1 | 2016 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.70B | $14.92B |
| YoY Change | -28.26% | 69.09% |
| Cash & Equivalents | $10.30B | $14.35B |
| Short-Term Investments | $605.0M | $563.0M |
| Other Short-Term Assets | $4.710B | $4.286B |
| YoY Change | 9.89% | -44.16% |
| Inventory | $1.609B | $1.690B |
| Prepaid Expenses | ||
| Receivables | $8.377B | $8.527B |
| Other Receivables | $17.49B | $1.557B |
| Total Short-Term Assets | $42.89B | $47.62B |
| YoY Change | -9.94% | 2.82% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $10.87B | $10.91B |
| YoY Change | -0.41% | 3.82% |
| Goodwill | $34.32B | |
| YoY Change | 14.9% | |
| Intangibles | $4.373B | |
| YoY Change | 46.21% | |
| Long-Term Investments | $4.549B | $4.259B |
| YoY Change | 6.81% | -8.96% |
| Other Assets | $9.947B | $5.223B |
| YoY Change | 90.45% | -4.45% |
| Total Long-Term Assets | $74.61B | $71.23B |
| YoY Change | 4.74% | 8.39% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $42.89B | $47.62B |
| Total Long-Term Assets | $74.61B | $71.23B |
| Total Assets | $117.5B | $118.9B |
| YoY Change | -1.15% | 6.09% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.324B | $5.302B |
| YoY Change | 0.41% | -16.03% |
| Accrued Expenses | $7.589B | $8.806B |
| YoY Change | -13.82% | -1.49% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $285.0M | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $8.055B | $5.000B |
| YoY Change | 61.1% | 22.79% |
| Total Short-Term Liabilities | $36.48B | $34.66B |
| YoY Change | 5.24% | -2.74% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $34.44B | $40.25B |
| YoY Change | -14.44% | 17.38% |
| Other Long-Term Liabilities | $28.13B | $8.264B |
| YoY Change | 240.33% | -5.99% |
| Total Long-Term Liabilities | $62.57B | $48.52B |
| YoY Change | 28.95% | 12.61% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $36.48B | $34.66B |
| Total Long-Term Liabilities | $62.57B | $48.52B |
| Total Liabilities | $99.17B | $103.8B |
| YoY Change | -4.45% | 4.05% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $146.9B | |
| YoY Change | 5.65% | |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $156.4B | |
| YoY Change | 2.91% | |
| Treasury Stock Shares | 1.262B shares | |
| Shareholders Equity | $18.33B | $14.93B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $117.5B | $118.9B |
| YoY Change | -1.15% | 6.09% |
Cashflow Statement
| Concept | 2017 Q1 | 2016 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.750B | $2.014B |
| YoY Change | -13.11% | -13.49% |
| Depreciation, Depletion And Amortization | $1.099B | $677.0M |
| YoY Change | 62.33% | 1.04% |
| Cash From Operating Activities | $3.954B | $5.530B |
| YoY Change | -28.5% | 53.19% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$877.0M | $956.0M |
| YoY Change | -191.74% | 11.55% |
| Acquisitions | $2.590B | |
| YoY Change | 1650.0% | |
| Other Investing Activities | $1.180B | -$786.0M |
| YoY Change | -250.13% | -151.37% |
| Cash From Investing Activities | $303.0M | -$1.886B |
| YoY Change | -116.07% | -436.79% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $939.0M | |
| YoY Change | -19.4% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -2.134B | 2.806B |
| YoY Change | -176.05% | -182.48% |
| NET CHANGE | ||
| Cash From Operating Activities | 3.954B | 5.530B |
| Cash From Investing Activities | 303.0M | -1.886B |
| Cash From Financing Activities | -2.134B | 2.806B |
| Net Change In Cash | 2.223B | 6.450B |
| YoY Change | -65.53% | 739.84% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.954B | $5.530B |
| Capital Expenditures | -$877.0M | $956.0M |
| Free Cash Flow | $4.831B | $4.574B |
| YoY Change | 5.62% | 66.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
942400000 | |
| CY2016Q1 | ibm |
Non Operating Finance Receivables Net
NonOperatingFinanceReceivablesNet
|
1500000000 | |
| CY2017Q1 | us-gaap |
Income Tax Effects Allocated Directly To Equity Cumulative Effect Of Change In Accounting Principle
IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple
|
-102000000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-2187000000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2806000000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1886000000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5530000000 | |
| CY2016Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
27000000 |
