2020 Q2 Form 10-Q Financial Statement

#000005578520000053 Filed on July 23, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $4.600B $4.600B
YoY Change 0.0% 0.0%
Cost Of Revenue $2.835B $3.108B
YoY Change -8.78% -1.3%
Gross Profit $1.777B $1.486B
YoY Change 19.58% 2.13%
Gross Profit Margin 38.63% 32.3%
Selling, General & Admin $817.0M $794.0M
YoY Change 2.9% 5.03%
% of Gross Profit 45.98% 53.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $201.0M $236.0M
YoY Change -14.83% 5.36%
% of Gross Profit 11.31% 15.88%
Operating Expenses $825.0M $799.0M
YoY Change 3.25% 4.31%
Operating Profit $925.0M $670.0M
YoY Change 38.06% -0.59%
Interest Expense $65.00M $67.00M
YoY Change -2.99% -1.47%
% of Operating Profit 7.03% 10.0%
Other Income/Expense, Net -$6.000M -$11.00M
YoY Change -45.45% -69.44%
Pretax Income $856.0M $594.0M
YoY Change 44.11% 3.66%
Income Tax $199.0M $132.0M
% Of Pretax Income 23.25% 22.22%
Net Earnings $681.0M $485.0M
YoY Change 40.41% 6.59%
Net Earnings / Revenue 14.8% 10.54%
Basic Earnings Per Share $2.00 $1.41
Diluted Earnings Per Share $1.99 $1.40
COMMON SHARES
Basic Shares Outstanding 340.9M shares 344.2M shares
Diluted Shares Outstanding 341.9M shares 346.0M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.448B $534.0M
YoY Change 171.16% 10.33%
Cash & Equivalents $1.448B $534.0M
Short-Term Investments
Other Short-Term Assets $607.0M $534.0M
YoY Change 13.67% 5.12%
Inventory $1.825B $1.856B
Prepaid Expenses
Receivables $2.024B $2.397B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.904B $5.321B
YoY Change 10.96% 5.83%
LONG-TERM ASSETS
Property, Plant & Equipment $7.366B $7.207B
YoY Change 2.21% 2.28%
Goodwill $1.401B $1.478B
YoY Change -5.21% -1.73%
Intangibles
YoY Change
Long-Term Investments $319.0M $249.0M
YoY Change 28.11% -3.11%
Other Assets $1.183B $1.092B
YoY Change 8.33% 49.79%
Total Long-Term Assets $10.27B $10.03B
YoY Change 2.42% 5.14%
TOTAL ASSETS
Total Short-Term Assets $5.904B $5.321B
Total Long-Term Assets $10.27B $10.03B
Total Assets $16.17B $15.35B
YoY Change 5.38% 5.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.032B $2.993B
YoY Change 1.3% 6.82%
Accrued Expenses $2.252B $1.946B
YoY Change 15.72% 10.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $850.0M $1.291B
YoY Change -34.16% -25.85%
Total Short-Term Liabilities $6.494B $6.585B
YoY Change -1.38% -1.05%
LONG-TERM LIABILITIES
Long-Term Debt $7.252B $6.739B
YoY Change 7.61% 16.05%
Other Long-Term Liabilities $546.0M $571.0M
YoY Change -4.38% 56.01%
Total Long-Term Liabilities $546.0M $571.0M
YoY Change -4.38% 56.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.494B $6.585B
Total Long-Term Liabilities $546.0M $571.0M
Total Liabilities $7.040B $7.156B
YoY Change -1.62% 1.92%
SHAREHOLDERS EQUITY
Retained Earnings $7.299B $6.170B
YoY Change 18.3%
Common Stock $473.0M $473.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.545B $4.062B
YoY Change 11.89%
Treasury Stock Shares 37760B shares 34380B shares
Shareholders Equity $495.0M $50.00M
YoY Change
Total Liabilities & Shareholders Equity $16.17B $15.35B
YoY Change 5.38% 5.38%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $681.0M $485.0M
YoY Change 40.41% 6.59%
Depreciation, Depletion And Amortization $201.0M $236.0M
YoY Change -14.83% 5.36%
Cash From Operating Activities $1.579B $609.0M
YoY Change 159.28% -22.62%
INVESTING ACTIVITIES
Capital Expenditures -$284.0M -$253.0M
YoY Change 12.25% 60.13%
Acquisitions
YoY Change
Other Investing Activities -$47.00M $55.00M
YoY Change -185.45% 2650.0%
Cash From Investing Activities -$331.0M -$198.0M
YoY Change 67.17% 26.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -787.0M -371.0M
YoY Change 112.13% -50.33%
NET CHANGE
Cash From Operating Activities 1.579B 609.0M
Cash From Investing Activities -331.0M -198.0M
Cash From Financing Activities -787.0M -371.0M
Net Change In Cash 461.0M 40.00M
YoY Change 1052.5% -134.48%
FREE CASH FLOW
Cash From Operating Activities $1.579B $609.0M
Capital Expenditures -$284.0M -$253.0M
Free Cash Flow $1.863B $862.0M
YoY Change 116.13% -8.78%

Facts In Submission

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