2018 Q1 Form 10-Q Financial Statement
#000110465918026178 Filed on April 24, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $19.07B | $18.16B |
| YoY Change | 5.05% | -2.83% |
| Cost Of Revenue | $10.83B | $10.21B |
| YoY Change | 6.01% | 2.12% |
| Gross Profit | $8.247B | $7.944B |
| YoY Change | 3.81% | -8.54% |
| Gross Profit Margin | 43.24% | 43.76% |
| Selling, General & Admin | $4.781B | $5.027B |
| YoY Change | -4.89% | -16.38% |
| % of Gross Profit | 57.97% | 63.28% |
| Research & Development | $1.405B | $1.484B |
| YoY Change | -5.32% | 1.78% |
| % of Gross Profit | 17.04% | 18.68% |
| Depreciation & Amortization | $1.114B | $1.099B |
| YoY Change | 1.36% | 62.33% |
| % of Gross Profit | 13.51% | 13.83% |
| Operating Expenses | $6.393B | $6.511B |
| YoY Change | -1.81% | -12.84% |
| Operating Profit | $1.854B | $1.433B |
| YoY Change | 29.38% | 17.85% |
| Interest Expense | -$178.0M | -$81.00M |
| YoY Change | 119.75% | -155.1% |
| % of Operating Profit | -9.6% | -5.65% |
| Other Income/Expense, Net | $1.000M | |
| YoY Change | ||
| Pretax Income | $1.136B | $1.424B |
| YoY Change | -20.22% | 37.72% |
| Income Tax | -$647.0M | -$329.0M |
| % Of Pretax Income | -56.95% | -23.1% |
| Net Earnings | $1.680B | $1.750B |
| YoY Change | -4.0% | -13.11% |
| Net Earnings / Revenue | 8.81% | 9.64% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $1.816M | $1.846M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 920.7M | 942.4M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $12.84B | $10.70B |
| YoY Change | 20.03% | -28.26% |
| Cash & Equivalents | $11.95B | $10.30B |
| Short-Term Investments | $895.0M | $605.0M |
| Other Short-Term Assets | $5.296B | $4.710B |
| YoY Change | 12.44% | 9.89% |
| Inventory | $1.753B | $1.609B |
| Prepaid Expenses | ||
| Receivables | $7.778B | $8.377B |
| Other Receivables | $21.45B | $17.49B |
| Total Short-Term Assets | $49.12B | $42.89B |
| YoY Change | 14.53% | -9.94% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $11.28B | $10.87B |
| YoY Change | 3.8% | -0.41% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.942B | $4.549B |
| YoY Change | -35.33% | 6.81% |
| Other Assets | $12.83B | $9.947B |
| YoY Change | 29.02% | 90.45% |
| Total Long-Term Assets | $76.16B | $74.61B |
| YoY Change | 2.09% | 4.74% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $49.12B | $42.89B |
| Total Long-Term Assets | $76.16B | $74.61B |
| Total Assets | $125.3B | $117.5B |
| YoY Change | 6.63% | -1.15% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.736B | $5.324B |
| YoY Change | 7.74% | 0.41% |
| Accrued Expenses | $7.770B | $7.589B |
| YoY Change | 2.39% | -13.82% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $2.218B | $285.0M |
| YoY Change | 678.25% | |
| Long-Term Debt Due | $3.759B | $8.055B |
| YoY Change | -53.33% | 61.1% |
| Total Short-Term Liabilities | $35.73B | $36.48B |
| YoY Change | -2.05% | 5.24% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $40.41B | $34.44B |
| YoY Change | 17.33% | -14.44% |
| Other Long-Term Liabilities | $30.85B | $28.13B |
| YoY Change | 9.7% | 240.33% |
| Total Long-Term Liabilities | $71.26B | $62.57B |
| YoY Change | 13.9% | 28.95% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $35.73B | $36.48B |
| Total Long-Term Liabilities | $71.26B | $62.57B |
| Total Liabilities | $107.1B | $99.17B |
| YoY Change | 8.02% | -4.45% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $18.17B | $18.33B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $125.3B | $117.5B |
| YoY Change | 6.63% | -1.15% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.680B | $1.750B |
| YoY Change | -4.0% | -13.11% |
| Depreciation, Depletion And Amortization | $1.114B | $1.099B |
| YoY Change | 1.36% | 62.33% |
| Cash From Operating Activities | $4.601B | $3.954B |
| YoY Change | 16.36% | -28.5% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$996.0M | -$877.0M |
| YoY Change | 13.57% | -191.74% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$768.0M | $1.180B |
| YoY Change | -165.08% | -250.13% |
| Cash From Investing Activities | -$1.764B | $303.0M |
| YoY Change | -682.18% | -116.07% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -2.909B | -2.134B |
| YoY Change | 36.32% | -176.05% |
| NET CHANGE | ||
| Cash From Operating Activities | 4.601B | 3.954B |
| Cash From Investing Activities | -1.764B | 303.0M |
| Cash From Financing Activities | -2.909B | -2.134B |
| Net Change In Cash | -72.00M | 2.223B |
| YoY Change | -103.24% | -65.53% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $4.601B | $3.954B |
| Capital Expenditures | -$996.0M | -$877.0M |
| Free Cash Flow | $5.597B | $4.831B |
| YoY Change | 15.86% | 5.62% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
920680222 | |
| CY2017Q4 | ibm |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
1820000000 | |
| CY2017Q4 | ibm |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
2136000000 | |
| CY2017Q1 | ibm |
Expense And Other Income
ExpenseAndOtherIncome
|
6521000000 | |
| CY2017Q1 | ibm |
Other Income And Expense
OtherIncomeAndExpense
|
319000000 | |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8073000000 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10296000000 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2223000000 | |
| CY2017Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
10211000000 | |
| CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
7944000000 | |
| CY2017Q4 | us-gaap |
Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
|
2783000000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
303000000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
1320000000 | |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1860000000 | |
| CY2017Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1484000000 | |
| CY2017Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
262000000 | |
| CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5027000000 |
