2018 Q4 Form 10-K Financial Statement

#000123252419000013 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $476.5M $469.4M $500.5M
YoY Change 9.18% 13.97% 26.9%
Cost Of Revenue $26.30M $26.60M $34.70M
YoY Change 4.37% -14.74% 20.91%
Gross Profit $441.0M $438.6M $461.4M
YoY Change 8.93% 16.42% 27.81%
Gross Profit Margin 92.56% 93.45% 92.19%
Selling, General & Admin $161.9M $155.9M $158.6M
YoY Change 13.22% 25.18% 19.84%
% of Gross Profit 36.71% 35.54% 34.37%
Research & Development $56.70M $51.16M $56.13M
YoY Change -23.38% 8.02% 39.78%
% of Gross Profit 12.86% 11.66% 12.17%
Depreciation & Amortization $50.30M $50.90M $58.80M
YoY Change -11.29% 0.99% 100.68%
% of Gross Profit 11.41% 11.6% 12.74%
Operating Expenses $265.1M $280.6M $347.3M
YoY Change -1.81% -13.77% 51.42%
Operating Profit $175.9M $188.8M $153.2M
YoY Change 30.44% 118.36% -7.18%
Interest Expense -$20.40M -$18.92M -$19.65M
YoY Change -10.13% -1.42% 7.39%
% of Operating Profit -11.6% -10.02% -12.82%
Other Income/Expense, Net
YoY Change
Pretax Income $164.6M $169.1M $129.4M
YoY Change 38.79% 160.0% -8.41%
Income Tax $5.200M $19.30M $36.50M
% Of Pretax Income 3.16% 11.41% 28.2%
Net Earnings $159.5M $149.3M $92.32M
YoY Change -31.32% 135.05% -12.58%
Net Earnings / Revenue 33.47% 31.81% 18.45%
Basic Earnings Per Share $2.69 $2.47 $1.53
Diluted Earnings Per Share $2.64 $2.41 $1.50
COMMON SHARES
Basic Shares Outstanding 60.32M shares 60.48M shares 60.18M shares
Diluted Shares Outstanding 61.86M shares 61.44M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $824.6M $1.064B $815.1M
YoY Change 37.2% 135.09% 155.36%
Cash & Equivalents $309.6M $499.0M $485.1M
Short-Term Investments $515.0M $565.0M $330.0M
Other Short-Term Assets $67.57M $54.31M $55.63M
YoY Change -11.88% 10.57% 52.64%
Inventory $52.96M $43.44M $46.16M
Prepaid Expenses $25.02M $23.19M $33.59M
Receivables $263.8M $279.4M $278.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.234B $1.464B $1.307B
YoY Change 27.44% 76.23% 97.27%
LONG-TERM ASSETS
Property, Plant & Equipment $200.4M $198.1M $188.1M
YoY Change 17.8% 24.26% 37.66%
Goodwill $927.6M $932.4M $936.5M
YoY Change -2.1% -0.96% 1.1%
Intangibles $2.731B $2.787B $2.842B
YoY Change -8.32% -7.68% -6.29%
Long-Term Investments
YoY Change
Other Assets $42.70M $56.00M $23.40M
YoY Change 160.04% 241.07% 40.67%
Total Long-Term Assets $3.969B $4.021B $4.042B
YoY Change -4.47% -3.52% -2.4%
TOTAL ASSETS
Total Short-Term Assets $1.234B $1.464B $1.307B
Total Long-Term Assets $3.969B $4.021B $4.042B
Total Assets $5.203B $5.486B $5.349B
YoY Change 1.56% 9.74% 11.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.60M $37.37M $31.38M
YoY Change 66.62% 24.69% 9.99%
Accrued Expenses $264.9M $257.5M $258.8M
YoY Change 33.26% 43.12% 52.5%
Deferred Revenue $5.414M $5.935M
YoY Change -37.18%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.39M $33.39M $33.39M
YoY Change -17.78% -7.5% -7.5%
Total Short-Term Liabilities $345.5M $341.3M $348.0M
YoY Change 17.53% 27.26% 38.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.563B $1.561B $1.558B
YoY Change 1.47% 1.09% -4.74%
Other Long-Term Liabilities $218.9M $208.6M $205.7M
YoY Change 23.93% 31.64% 42.19%
Total Long-Term Liabilities $1.782B $1.769B $1.764B
YoY Change 3.78% 3.93% -0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.5M $341.3M $348.0M
Total Long-Term Liabilities $1.782B $1.769B $1.764B
Total Liabilities $2.127B $2.111B $2.112B
YoY Change 5.79% 7.11% 3.99%
SHAREHOLDERS EQUITY
Retained Earnings $841.1M $1.128B $1.000B
YoY Change -8.38% 54.95% 44.94%
Common Stock $2.114B $2.078B $2.037B
YoY Change 9.2% 9.39% 18.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.757B $3.027B $2.870B
YoY Change
Total Liabilities & Shareholders Equity $5.203B $5.486B $5.349B
YoY Change 1.56% 9.74% 11.34%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $159.5M $149.3M $92.32M
YoY Change -31.32% 135.05% -12.58%
Depreciation, Depletion And Amortization $50.30M $50.90M $58.80M
YoY Change -11.29% 0.99% 100.68%
Cash From Operating Activities $224.3M $215.3M $191.9M
YoY Change 9.63% 13.98% 42.04%
INVESTING ACTIVITIES
Capital Expenditures -$5.200M -$3.900M -$115.3M
YoY Change -69.23% -95.32% 1041.58%
Acquisitions
YoY Change
Other Investing Activities $38.90M -$181.5M -$75.40M
YoY Change -359.33% 51.25% 277.0%
Cash From Investing Activities $33.70M -$185.5M -$190.6M
YoY Change -205.64% -8.8% 533.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -446.4M -14.00M 28.90M
YoY Change 1016.0% -151.66% -113.47%
NET CHANGE
Cash From Operating Activities 224.3M 215.3M 191.9M
Cash From Investing Activities 33.70M -185.5M -190.6M
Cash From Financing Activities -446.4M -14.00M 28.90M
Net Change In Cash -188.4M 15.80M 30.20M
YoY Change -241.97% 25.4% -127.58%
FREE CASH FLOW
Cash From Operating Activities $224.3M $215.3M $191.9M
Capital Expenditures -$5.200M -$3.900M -$115.3M
Free Cash Flow $229.5M $219.2M $307.2M
YoY Change 3.61% -19.5% 111.57%

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5046000 USD
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0.203
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0.119
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0.018
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0.026
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0.012
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0.004
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0.028
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0.011
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0.028
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0.026
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0.039
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30022000 USD
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21792000 USD
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17230000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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8300000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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8900000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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7700000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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4500000 USD
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578017000 USD
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647565000 USD
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3408566000 USD
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3236894000 USD
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2830549000 USD
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2589329000 USD
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3372000 USD
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-9969000 USD
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-6875000 USD
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-47000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
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-473000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
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-655000 USD
CY2017Q4 us-gaap Goodwill
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947537000 USD
CY2018Q4 us-gaap Goodwill
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927630000 USD
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-19907000 USD
CY2017Q1 us-gaap Gross Profit
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348613000 USD
CY2017Q2 us-gaap Gross Profit
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360983000 USD
CY2017Q3 us-gaap Gross Profit
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376768000 USD
CY2017Q4 us-gaap Gross Profit
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CY2018Q1 us-gaap Gross Profit
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CY2018Q2 us-gaap Gross Profit
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CY2018Q3 us-gaap Gross Profit
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CY2018Q4 us-gaap Gross Profit
GrossProfit
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
77476000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
532446000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
441117000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
529463000 USD
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IncomeLossFromEquityMethodInvestments
-379000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2203000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-47740000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
174124000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
164217000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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361000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
214000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17040000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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25603000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2018 us-gaap Increase Decrease In Accounts Receivable
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2962000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
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16331000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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11989000 USD
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-1315000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
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21009000 USD
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CY2016 us-gaap Increase Decrease In Inventories
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17024000 USD
CY2017 us-gaap Increase Decrease In Inventories
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8667000 USD
CY2018 us-gaap Increase Decrease In Inventories
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18512000 USD
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320000 USD
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23199000 USD
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15700000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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26874000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1370000 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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37800000 USD
CY2018 us-gaap Interest Expense Debt
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56700000 USD
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CY2017 us-gaap Interest Income Expense Nonoperating Net
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2774000 USD
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15692000 USD
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14982000 USD
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11519000 USD
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575000000 USD
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33387000 USD
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33387000 USD
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33387000 USD
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CY2017Q2 us-gaap Net Income Loss
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CY2017Q3 us-gaap Net Income Loss
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CY2017Q4 us-gaap Net Income Loss
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CY2018Q2 us-gaap Net Income Loss
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CY2018Q3 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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CY2017 us-gaap Operating Income Loss
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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5771000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2017Q4 us-gaap Other Assets Noncurrent
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42696000 USD
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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1482000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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2022000 USD
CY2016 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
212000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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289000 USD
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174973000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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176455000 USD
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CY2018 us-gaap Payments Of Debt Restructuring Costs
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21234000 USD
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17925000 USD
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1502443000 USD
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0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
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150000000 USD
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0 USD
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111100000 USD
CY2016 us-gaap Payments To Acquire Investments
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132181000 USD
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385000000 USD
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1165915000 USD
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9687000 USD
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28950000 USD
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20370000 USD
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23182000 USD
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559393000 USD
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0 USD
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24174000 USD
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31824000 USD
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93337000 USD
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230000000 USD
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855000000 USD
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0 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
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0 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
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47898000 USD
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396831000 USD
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487848000 USD
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447098000 USD
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211283000 USD
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249966000 USD
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170080000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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200358000 USD
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252000 USD
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150000000 USD
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850000000 USD
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0 USD
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28304000 USD
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36094000 USD
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25717000 USD
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23750000 USD
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85000000 USD
CY2018 us-gaap Research And Development Asset Acquired Other Than Through Business Combination Written Off
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0 USD
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162297000 USD
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198442000 USD
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226616000 USD
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44000000 USD
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917956000 USD
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841050000 USD
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917624000 USD
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1487973000 USD
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1618693000 USD
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1890922000 USD
CY2017Q1 us-gaap Revenues
Revenues
376053000 USD
CY2017Q2 us-gaap Revenues
Revenues
394386000 USD
CY2017Q3 us-gaap Revenues
Revenues
411855000 USD
CY2017Q4 us-gaap Revenues
Revenues
436399000 USD
CY2018Q1 us-gaap Revenues
Revenues
444613000 USD
CY2018Q2 us-gaap Revenues
Revenues
500479000 USD
CY2018Q3 us-gaap Revenues
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469373000 USD
CY2018Q4 us-gaap Revenues
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476457000 USD
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502892000 USD
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544156000 USD
CY2018 us-gaap Selling General And Administrative Expense
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683530000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
98771000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
106900000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
102441000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3070000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
117.08
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
36100000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
38900000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
43400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
118000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
424000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1449000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
78389000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5145000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5280000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5027000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
126.32
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
107.45
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
169.18
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
139.36
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
145.03
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
77725000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M2D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y8M20D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
121.06
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
127.08
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
78332000 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
772000 shares
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7294000 USD
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
9141000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
10419000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
16880000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22683000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
82918000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
278296000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
98799000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
523672000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2713097000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2757422000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1598646000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1877339000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2713097000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2757422000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
21577000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1197000 USD
CY2017Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1700000000 USD
CY2018Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1200000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
66385000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90910000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106162000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
118213000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
255000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1075000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
26873000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
27875000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
22649000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1191000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1620000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
7584000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3284000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
13168000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
18182000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
73500000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
78500000 USD
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
65100000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
19200000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61870000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61317000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61221000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60500000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60018000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59976000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures in the consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on assumptions believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.</font></div></div>

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