2019 Q1 Form 10-Q Financial Statement

#000005947819000174 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $5.092B $4.964B
YoY Change 2.59% 9.94%
Cost Of Revenue $1.139B $1.165B
YoY Change -2.22% 21.6%
Gross Profit $3.954B $3.799B
YoY Change 4.06% 6.8%
Gross Profit Margin 77.64% 76.54%
Selling, General & Admin $1.517B $1.339B
YoY Change 13.33% -14.61%
% of Gross Profit 38.37% 35.24%
Research & Development $1.231B $1.108B
YoY Change 11.11% -11.98%
% of Gross Profit 31.12% 29.15%
Depreciation & Amortization $356.5M $422.8M
YoY Change -15.68% 9.28%
% of Gross Profit 9.02% 11.13%
Operating Expenses $2.748B $2.446B
YoY Change 12.32% -5.28%
Operating Profit $1.206B $1.353B
YoY Change -10.87% 38.81%
Interest Expense $86.50M $61.20M
YoY Change 41.34% 31.33%
% of Operating Profit 7.17% 4.52%
Other Income/Expense, Net $86.00M $69.50M
YoY Change 23.74% -11.24%
Pretax Income $731.1M $1.366B
YoY Change -46.47% 2131.54%
Income Tax $170.0M $198.5M
% Of Pretax Income 23.25% 14.53%
Net Earnings $4.242B $1.217B
YoY Change 248.41% -1198.74%
Net Earnings / Revenue 83.3% 24.53%
Basic Earnings Per Share $4.33 $1.16
Diluted Earnings Per Share $4.31 $1.16
COMMON SHARES
Basic Shares Outstanding 979.9M shares 1.048B shares
Diluted Shares Outstanding 984.0M shares 1.050B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.137B $4.790B
YoY Change -55.39% 36.62%
Cash & Equivalents $2.036B $3.084B
Short-Term Investments $101.0M $1.705B
Other Short-Term Assets $2.227B $1.570B
YoY Change 41.85% 91.0%
Inventory $3.055B $4.631B
Prepaid Expenses $2.227B $1.570B
Receivables $4.201B $4.495B
Other Receivables $977.5M $775.6M
Total Short-Term Assets $12.60B $16.26B
YoY Change -22.53% 25.32%
LONG-TERM ASSETS
Property, Plant & Equipment $7.780B $8.958B
YoY Change -13.15% 6.32%
Goodwill $3.856B $4.412B
YoY Change -12.61% 5.36%
Intangibles $6.642B $3.920B
YoY Change 69.43% -16.89%
Long-Term Investments $2.111B $5.375B
YoY Change -60.73% 1.45%
Other Assets $1.963B $1.747B
YoY Change 12.38% -13.53%
Total Long-Term Assets $25.41B $19.14B
YoY Change 32.78% 17.96%
TOTAL ASSETS
Total Short-Term Assets $12.60B $16.26B
Total Long-Term Assets $25.41B $19.14B
Total Assets $38.01B $44.36B
YoY Change -14.31% 17.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.168B $1.267B
YoY Change -7.83% 3.88%
Accrued Expenses $512.0M $588.0M
YoY Change -12.93% 3.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.355B $2.304B
YoY Change 2.21% -11.69%
Total Short-Term Liabilities $11.24B $11.55B
YoY Change -2.69% 10.52%
LONG-TERM LIABILITIES
Long-Term Debt $13.61B $9.394B
YoY Change 44.89% 22.99%
Other Long-Term Liabilities $1.170B $1.574B
YoY Change -25.68% -31.03%
Total Long-Term Liabilities $24.21B $18.22B
YoY Change 32.85% 39.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.24B $11.55B
Total Long-Term Liabilities $24.21B $18.22B
Total Liabilities $35.44B $29.77B
YoY Change 19.06% 26.56%
SHAREHOLDERS EQUITY
Retained Earnings $4.879B $16.61B
YoY Change -70.62% 4.61%
Common Stock $6.364B $6.439B
YoY Change -1.17% 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $62.10M $69.30M
YoY Change -10.39% -8.58%
Treasury Stock Shares
Shareholders Equity $2.480B $14.53B
YoY Change
Total Liabilities & Shareholders Equity $38.01B $44.36B
YoY Change -14.31% 17.89%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $4.242B $1.217B
YoY Change 248.41% -1198.74%
Depreciation, Depletion And Amortization $356.5M $422.8M
YoY Change -15.68% 9.28%
Cash From Operating Activities $311.3M $436.5M
YoY Change -28.68% 28.42%
INVESTING ACTIVITIES
Capital Expenditures -$400.6M -$236.5M
YoY Change 69.39% -76.37%
Acquisitions $6.918B $0.00
YoY Change -100.0%
Other Investing Activities $385.6M $21.20M
YoY Change 1718.87% 171.79%
Cash From Investing Activities -$7.679B -$170.3M
YoY Change 4408.93% -88.09%
FINANCING ACTIVITIES
Cash Dividend Paid $637.2M $587.3M
YoY Change 8.5% 7.29%
Common Stock Issuance & Retirement, Net $3.500B $1.100B
YoY Change 218.18%
Debt Paid & Issued, Net $600.0M $800.3M
YoY Change -25.03% 26.99%
Cash From Financing Activities $1.368B -$3.867B
YoY Change -135.38% 341.53%
NET CHANGE
Cash From Operating Activities $311.3M $436.5M
Cash From Investing Activities -$7.679B -$170.3M
Cash From Financing Activities $1.368B -$3.867B
Net Change In Cash -$5.962B -$3.600B
YoY Change 65.59% 83.18%
FREE CASH FLOW
Cash From Operating Activities $311.3M $436.5M
Capital Expenditures -$400.6M -$236.5M
Free Cash Flow $711.9M $673.0M
YoY Change 5.78% -49.8%

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CY2018Q4 us-gaap Short Term Investments
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CY2018Q4 us-gaap Taxes Payable Current
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CY2018Q4 us-gaap Translation Adjustment For Net Investment Hedge Net Of Tax
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CY2018Q4 us-gaap Treasury Stock Value
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1048000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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979900000 shares

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