2017 Q4 Form 10-Q Financial Statement

#000163745917000118 Filed on November 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $6.877B $6.857B
YoY Change 0.29%
Cost Of Revenue $4.554B $4.049B
YoY Change 12.47%
Gross Profit $2.287B $2.459B
YoY Change -6.99%
Gross Profit Margin 33.26% 35.86%
Selling, General & Admin $778.0M $805.0M
YoY Change -3.35%
% of Gross Profit 34.02% 32.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $241.0M $290.0M
YoY Change -16.9%
% of Gross Profit 10.54% 11.79%
Operating Expenses $778.0M $805.0M
YoY Change -3.35%
Operating Profit $1.509B $1.413B
YoY Change 6.79%
Interest Expense $308.0M $311.0M
YoY Change -0.96%
% of Operating Profit 20.41% 22.01%
Other Income/Expense, Net $116.0M $3.000M
YoY Change 3766.67%
Pretax Income $1.317B $1.105B
YoY Change 19.19%
Income Tax -$6.665B $262.0M
% Of Pretax Income -506.07% 23.71%
Net Earnings $7.989B $944.0M
YoY Change 746.29%
Net Earnings / Revenue 116.17% 13.77%
Basic Earnings Per Share $6.55 $0.78
Diluted Earnings Per Share $6.50 $0.77
COMMON SHARES
Basic Shares Outstanding 1.218B shares 1.218B shares
Diluted Shares Outstanding 1.228B shares

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.629B $3.920B
YoY Change -58.44%
Cash & Equivalents $1.629B $4.204B
Short-Term Investments
Other Short-Term Assets $655.0M $707.0M
YoY Change -7.36%
Inventory $2.760B $2.684B
Prepaid Expenses $345.0M
Receivables $921.0M $769.0M
Other Receivables $891.0M $208.0M
Total Short-Term Assets $7.201B $8.753B
YoY Change -17.73%
LONG-TERM ASSETS
Property, Plant & Equipment $7.061B $6.688B
YoY Change 5.58%
Goodwill $44.83B $44.13B
YoY Change 1.59%
Intangibles $59.43B $59.30B
YoY Change 0.23%
Long-Term Investments
YoY Change
Other Assets $1.573B $1.617B
YoY Change -2.72%
Total Long-Term Assets $112.9B $111.7B
YoY Change 1.04%
TOTAL ASSETS
Total Short-Term Assets $7.201B $8.753B
Total Long-Term Assets $112.9B $111.7B
Total Assets $120.1B $120.5B
YoY Change -0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.362B $3.456B
YoY Change 26.22%
Accrued Expenses $1.108B $1.183B
YoY Change -6.34%
Deferred Revenue
YoY Change
Short-Term Debt $462.0M $645.0M
YoY Change -28.37%
Long-Term Debt Due $2.733B $2.047B
YoY Change 33.51%
Total Short-Term Liabilities $10.15B $9.501B
YoY Change 6.87%
LONG-TERM LIABILITIES
Long-Term Debt $28.31B $29.98B
YoY Change -5.58%
Other Long-Term Liabilities $1.088B $806.0M
YoY Change 34.99%
Total Long-Term Liabilities $1.088B $806.0M
YoY Change 34.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.15B $9.501B
Total Long-Term Liabilities $1.088B $806.0M
Total Liabilities $54.02B $62.91B
YoY Change -14.13%
SHAREHOLDERS EQUITY
Retained Earnings $8.495B $588.0M
YoY Change 1344.73%
Common Stock $12.00M $12.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $224.0M $207.0M
YoY Change 8.21%
Treasury Stock Shares 2.000M shares 2.000M shares
Shareholders Equity $65.86B $57.36B
YoY Change
Total Liabilities & Shareholders Equity $120.1B $120.5B
YoY Change -0.32%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income $7.989B $944.0M
YoY Change 746.29%
Depreciation, Depletion And Amortization $241.0M $290.0M
YoY Change -16.9%
Cash From Operating Activities $485.0M -$1.088B
YoY Change -144.58%
INVESTING ACTIVITIES
Capital Expenditures -$238.0M -$322.0M
YoY Change -26.09%
Acquisitions
YoY Change
Other Investing Activities $691.0M $1.858B
YoY Change -62.81%
Cash From Investing Activities $453.0M $1.536B
YoY Change -70.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -732.0M -835.0M
YoY Change -12.34%
NET CHANGE
Cash From Operating Activities 485.0M -1.088B
Cash From Investing Activities 453.0M 1.536B
Cash From Financing Activities -732.0M -835.0M
Net Change In Cash 206.0M -387.0M
YoY Change -153.23%
FREE CASH FLOW
Cash From Operating Activities $485.0M -$1.088B
Capital Expenditures -$238.0M -$322.0M
Free Cash Flow $723.0M -$766.0M
YoY Change -194.39%

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82.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
85.03
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
71.95
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
81.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
136272 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
12000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
72.96
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
1678110 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
806744 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
2157510 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
115000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
48.13
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
559109 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20560140 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
19568241 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.39
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.69
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
32.94
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
89.01
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
645000000 USD
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
455000000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2005638 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
57358000000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
58759000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
57574000000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
58971000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-87000000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
255000000 USD
CY2017Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
169000000 USD
CY2016Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0 shares
CY2017Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
207000000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
223000000 USD
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1228000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1226000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1228000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1229000000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1218000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1216000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1218000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1218000000 shares

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