2017 Q1 Form 10-Q Financial Statement

#000005143417000013 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $5.132B $4.717B
YoY Change 8.8% -14.5%
Cost Of Revenue $3.638B $3.611B
YoY Change 0.75% -5.99%
Gross Profit $1.494B $1.106B
YoY Change 35.08% -33.89%
Gross Profit Margin 29.11% 23.45%
Selling, General & Admin $393.0M $376.0M
YoY Change 4.52% -7.39%
% of Gross Profit 26.31% 34.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $320.0M $284.0M
YoY Change 12.68% -12.07%
% of Gross Profit 21.42% 25.68%
Operating Expenses $393.0M $376.0M
YoY Change 4.52% -7.39%
Operating Profit $414.0M $497.0M
YoY Change -16.7% -20.22%
Interest Expense $187.0M $160.0M
YoY Change 16.88% 0.63%
% of Operating Profit 45.17% 32.19%
Other Income/Expense, Net -$38.00M -$2.000M
YoY Change 1800.0% -33.33%
Pretax Income $217.0M $307.0M
YoY Change -29.32% -24.38%
Income Tax $73.00M $41.00M
% Of Pretax Income 33.64% 13.36%
Net Earnings $209.0M $334.0M
YoY Change -37.43% 6.71%
Net Earnings / Revenue 4.07% 7.08%
Basic Earnings Per Share $0.51 $0.81
Diluted Earnings Per Share $0.50 $0.81
COMMON SHARES
Basic Shares Outstanding 412.1M shares 410.8M shares
Diluted Shares Outstanding 416.0M shares 414.0M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $998.0M $1.155B
YoY Change -13.59% -26.71%
Cash & Equivalents $998.0M $1.254B
Short-Term Investments
Other Short-Term Assets $251.0M $268.0M
YoY Change -6.34% 11.67%
Inventory $2.394B $2.217B
Prepaid Expenses
Receivables $3.078B $2.641B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.721B $6.792B
YoY Change -1.05% -11.33%
LONG-TERM ASSETS
Property, Plant & Equipment $14.05B $12.04B
YoY Change 16.72% -3.61%
Goodwill $3.402B $3.354B
YoY Change 1.43% -8.78%
Intangibles
YoY Change
Long-Term Investments $7.348B $7.306B
YoY Change 0.57% 201.65%
Other Assets $1.310B $1.155B
YoY Change 13.42% -10.12%
Total Long-Term Assets $26.58B $24.25B
YoY Change 9.6% 19.42%
TOTAL ASSETS
Total Short-Term Assets $6.721B $6.792B
Total Long-Term Assets $26.58B $24.25B
Total Assets $33.30B $31.04B
YoY Change 7.27% 11.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.380B $2.065B
YoY Change 15.25% -22.89%
Accrued Expenses $359.0M $362.0M
YoY Change -0.83% -1.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $454.0M $551.0M
YoY Change -17.6% -17.02%
Total Short-Term Liabilities $4.267B $4.098B
YoY Change 4.12% -14.2%
LONG-TERM LIABILITIES
Long-Term Debt $10.82B $8.824B
YoY Change 22.65% 4.29%
Other Long-Term Liabilities $446.0M $434.0M
YoY Change 2.76% -12.15%
Total Long-Term Liabilities $11.27B $9.258B
YoY Change 21.72% 3.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.267B $4.098B
Total Long-Term Liabilities $11.27B $9.258B
Total Liabilities $15.54B $13.36B
YoY Change 16.32% -2.73%
SHAREHOLDERS EQUITY
Retained Earnings $4.832B $4.800B
YoY Change 0.67% 5.54%
Common Stock $6.577B $6.579B
YoY Change -0.03% -0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.682B $1.756B
YoY Change -4.21% 36.44%
Treasury Stock Shares 36.02M shares 37.74M shares
Shareholders Equity $4.575B $4.234B
YoY Change
Total Liabilities & Shareholders Equity $33.30B $31.04B
YoY Change 7.27% 11.0%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $209.0M $334.0M
YoY Change -37.43% 6.71%
Depreciation, Depletion And Amortization $320.0M $284.0M
YoY Change 12.68% -12.07%
Cash From Operating Activities $633.0M $620.0M
YoY Change 2.1% -2.82%
INVESTING ACTIVITIES
Capital Expenditures -$374.0M -$309.0M
YoY Change 21.04% -3.13%
Acquisitions
YoY Change
Other Investing Activities $27.00M $63.00M
YoY Change -57.14% -5.97%
Cash From Investing Activities -$400.0M -$364.0M
YoY Change 9.89% -3.45%
FINANCING ACTIVITIES
Cash Dividend Paid $191.0M $181.0M
YoY Change 5.52% 7.1%
Common Stock Issuance & Retirement, Net $46.00M $131.0M
YoY Change -64.89% -4.38%
Debt Paid & Issued, Net $227.0M $322.0M
YoY Change -29.5% 15.0%
Cash From Financing Activities -$284.0M -$164.0M
YoY Change 73.17% -69.96%
NET CHANGE
Cash From Operating Activities $633.0M $620.0M
Cash From Investing Activities -$400.0M -$364.0M
Cash From Financing Activities -$284.0M -$164.0M
Net Change In Cash -$51.00M $92.00M
YoY Change -155.43% -132.28%
FREE CASH FLOW
Cash From Operating Activities $633.0M $620.0M
Capital Expenditures -$374.0M -$309.0M
Free Cash Flow $1.007B $929.0M
YoY Change 8.4% -2.93%

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