2019 Q1 Form 10-Q Financial Statement

#000020040619000033 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q2
Revenue $20.02B $20.01B
YoY Change 12.63%
Cost Of Revenue $6.615B $6.614B
YoY Change 22.28%
Gross Profit $13.41B $13.40B
YoY Change 8.4%
Gross Profit Margin 66.96% 66.94%
Selling, General & Admin $5.219B $5.263B
YoY Change 10.5%
% of Gross Profit 38.93% 39.29%
Research & Development $2.858B $2.404B
YoY Change 16.14%
% of Gross Profit 21.32% 17.95%
Depreciation & Amortization $1.761B $1.746B
YoY Change 91.45%
% of Gross Profit 13.14% 13.03%
Operating Expenses $8.077B $7.667B
YoY Change 12.21%
Operating Profit $5.329B $5.728B
YoY Change 3.69%
Interest Expense $102.0M $259.0M
YoY Change 26.96%
% of Operating Profit 1.91% 4.52%
Other Income/Expense, Net $22.00M -$60.00M
YoY Change -127.4%
Pretax Income $4.422B $5.481B
YoY Change -1.69%
Income Tax $673.0M $1.114B
% Of Pretax Income 15.22% 20.32%
Net Earnings $3.749B $4.367B
YoY Change -1.24%
Net Earnings / Revenue 18.73% 21.83%
Basic Earnings Per Share $1.41 $1.63
Diluted Earnings Per Share $1.39 $1.60
COMMON SHARES
Basic Shares Outstanding 2.661B shares 2.682B shares
Diluted Shares Outstanding 2.699B shares 2.732B shares

Balance Sheet

Concept 2019 Q1 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.34B $15.20B
YoY Change -61.36%
Cash & Equivalents $14.73B $14.64B
Short-Term Investments $8.363B $565.0M
Other Short-Term Assets $3.450B $4.384B
YoY Change 55.13%
Inventory $9.086B $9.014B
Prepaid Expenses
Receivables $14.12B $14.17B
Other Receivables $0.00 $0.00
Total Short-Term Assets $41.99B $42.77B
YoY Change -32.49%
LONG-TERM ASSETS
Property, Plant & Equipment $17.00B $17.04B
YoY Change 5.24%
Goodwill $31.45B $31.15B
YoY Change 25.38%
Intangibles $46.90B $52.37B
YoY Change 77.71%
Long-Term Investments $830.0M $731.0M
YoY Change
Other Assets $5.159B $4.518B
YoY Change -3.67%
Total Long-Term Assets $108.0B $113.9B
YoY Change 39.58%
TOTAL ASSETS
Total Short-Term Assets $41.99B $42.77B
Total Long-Term Assets $108.0B $113.9B
Total Assets $150.0B $156.6B
YoY Change 8.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.923B $6.443B
YoY Change 5.94%
Accrued Expenses $7.946B $6.535B
YoY Change 24.19%
Deferred Revenue
YoY Change
Short-Term Debt $1.708B $2.696B
YoY Change -49.65%
Long-Term Debt Due $1.208B $2.696B
YoY Change -49.65%
Total Short-Term Liabilities $29.11B $27.08B
YoY Change 7.81%
LONG-TERM LIABILITIES
Long-Term Debt $27.66B $29.84B
YoY Change 10.45%
Other Long-Term Liabilities $8.928B $8.876B
YoY Change -6.82%
Total Long-Term Liabilities $36.59B $38.71B
YoY Change 5.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.11B $27.08B
Total Long-Term Liabilities $36.59B $38.71B
Total Liabilities $91.07B $93.37B
YoY Change 25.2%
SHAREHOLDERS EQUITY
Retained Earnings $106.7B $104.3B
YoY Change -6.54%
Common Stock $3.120B $3.120B
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.30B $31.60B
YoY Change 5.67%
Treasury Stock Shares 464.2M shares 437.7M shares
Shareholders Equity $58.96B $63.26B
YoY Change
Total Liabilities & Shareholders Equity $150.0B $156.6B
YoY Change 8.08%

Cashflow Statement

Concept 2019 Q1 2018 Q2
OPERATING ACTIVITIES
Net Income $3.749B $4.367B
YoY Change -1.24%
Depreciation, Depletion And Amortization $1.761B $1.746B
YoY Change 91.45%
Cash From Operating Activities $3.543B $3.606B
YoY Change 23.79%
INVESTING ACTIVITIES
Capital Expenditures $656.0M $658.0M
YoY Change 17.5%
Acquisitions $1.683B $82.00M
YoY Change -98.31%
Other Investing Activities $96.00M -$2.000M
YoY Change 100.0%
Cash From Investing Activities -$1.417B -$925.0M
YoY Change -1.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.206B $1.444B
YoY Change -56.79%
Debt Paid & Issued, Net $1.002B $8.000M
YoY Change 300.0%
Cash From Financing Activities -$5.516B -$5.970B
YoY Change 3880.0%
NET CHANGE
Cash From Operating Activities $3.543B $3.606B
Cash From Investing Activities -$1.417B -$925.0M
Cash From Financing Activities -$5.516B -$5.970B
Net Change In Cash -$3.373B -$3.289B
YoY Change -280.02%
FREE CASH FLOW
Cash From Operating Activities $3.543B $3.606B
Capital Expenditures $656.0M $658.0M
Free Cash Flow $2.887B $2.948B
YoY Change 25.29%

Facts In Submission

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