2018 Q1 Form 10-Q Financial Statement

#000005143418000015 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $5.621B $5.132B
YoY Change 9.53% 8.8%
Cost Of Revenue $3.948B $3.638B
YoY Change 8.52% 0.75%
Gross Profit $1.673B $1.494B
YoY Change 11.98% 35.08%
Gross Profit Margin 29.76% 29.11%
Selling, General & Admin $421.0M $393.0M
YoY Change 7.12% 4.52%
% of Gross Profit 25.16% 26.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $325.0M $320.0M
YoY Change 1.56% 12.68%
% of Gross Profit 19.43% 21.42%
Operating Expenses $421.0M $393.0M
YoY Change 7.12% 4.52%
Operating Profit $512.0M $414.0M
YoY Change 23.67% -16.7%
Interest Expense $180.0M $187.0M
YoY Change -3.74% 16.88%
% of Operating Profit 35.16% 45.17%
Other Income/Expense, Net -$7.000M -$38.00M
YoY Change -81.58% 1800.0%
Pretax Income $356.0M $217.0M
YoY Change 64.06% -29.32%
Income Tax $89.00M $73.00M
% Of Pretax Income 25.0% 33.64%
Net Earnings $729.0M $209.0M
YoY Change 248.8% -37.43%
Net Earnings / Revenue 12.97% 4.07%
Basic Earnings Per Share $1.76 $0.51
Diluted Earnings Per Share $1.74 $0.50
COMMON SHARES
Basic Shares Outstanding 413.5M shares 412.1M shares
Diluted Shares Outstanding 418.2M shares 416.0M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.141B $998.0M
YoY Change 14.33% -13.59%
Cash & Equivalents $1.141B $998.0M
Short-Term Investments
Other Short-Term Assets $258.0M $251.0M
YoY Change 2.79% -6.34%
Inventory $2.057B $2.394B
Prepaid Expenses
Receivables $3.804B $3.078B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.260B $6.721B
YoY Change 8.02% -1.05%
LONG-TERM ASSETS
Property, Plant & Equipment $13.34B $14.05B
YoY Change -5.08% 16.72%
Goodwill $3.414B $3.402B
YoY Change 0.35% 1.43%
Intangibles
YoY Change
Long-Term Investments $8.546B $7.348B
YoY Change 16.3% 0.57%
Other Assets $1.022B $1.310B
YoY Change -21.98% 13.42%
Total Long-Term Assets $26.77B $26.58B
YoY Change 0.71% 9.6%
TOTAL ASSETS
Total Short-Term Assets $7.260B $6.721B
Total Long-Term Assets $26.77B $26.58B
Total Assets $34.03B $33.30B
YoY Change 2.19% 7.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.534B $2.380B
YoY Change 6.47% 15.25%
Accrued Expenses $352.0M $359.0M
YoY Change -1.95% -0.83%
Deferred Revenue $38.00M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $587.0M $454.0M
YoY Change 29.3% -17.6%
Total Short-Term Liabilities $4.465B $4.267B
YoY Change 4.64% 4.12%
LONG-TERM LIABILITIES
Long-Term Debt $10.76B $10.82B
YoY Change -0.59% 22.65%
Other Long-Term Liabilities $558.0M $446.0M
YoY Change 25.11% 2.76%
Total Long-Term Liabilities $11.32B $11.27B
YoY Change 0.43% 21.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.465B $4.267B
Total Long-Term Liabilities $11.32B $11.27B
Total Liabilities $15.78B $15.54B
YoY Change 1.58% 16.32%
SHAREHOLDERS EQUITY
Retained Earnings $6.783B $4.832B
YoY Change 40.38% 0.67%
Common Stock $6.624B $6.577B
YoY Change 0.71% -0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.632B $1.682B
YoY Change -2.97% -4.21%
Treasury Stock Shares 34.80M shares 36.02M shares
Shareholders Equity $7.245B $4.575B
YoY Change
Total Liabilities & Shareholders Equity $34.03B $33.30B
YoY Change 2.19% 7.27%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $729.0M $209.0M
YoY Change 248.8% -37.43%
Depreciation, Depletion And Amortization $325.0M $320.0M
YoY Change 1.56% 12.68%
Cash From Operating Activities $663.0M $633.0M
YoY Change 4.74% 2.1%
INVESTING ACTIVITIES
Capital Expenditures -$489.0M -$374.0M
YoY Change 30.75% 21.04%
Acquisitions $0.00
YoY Change
Other Investing Activities $2.000M $27.00M
YoY Change -92.59% -57.14%
Cash From Investing Activities -$489.0M -$400.0M
YoY Change 22.25% 9.89%
FINANCING ACTIVITIES
Cash Dividend Paid $197.0M $191.0M
YoY Change 3.14% 5.52%
Common Stock Issuance & Retirement, Net $31.00M $46.00M
YoY Change -32.61% -64.89%
Debt Paid & Issued, Net $34.00M $227.0M
YoY Change -85.02% -29.5%
Cash From Financing Activities -$56.00M -$284.0M
YoY Change -80.28% 73.17%
NET CHANGE
Cash From Operating Activities $663.0M $633.0M
Cash From Investing Activities -$489.0M -$400.0M
Cash From Financing Activities -$56.00M -$284.0M
Net Change In Cash $118.0M -$51.00M
YoY Change -331.37% -155.43%
FREE CASH FLOW
Cash From Operating Activities $663.0M $633.0M
Capital Expenditures -$489.0M -$374.0M
Free Cash Flow $1.152B $1.007B
YoY Change 14.4% 8.4%

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