2017 Q4 Form 10-Q Financial Statement

#000130051417000078 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $3.391B $3.161B $2.969B
YoY Change 10.28% 6.47% 2.59%
Cost Of Revenue $1.675B $1.574B $1.447B
YoY Change 17.67% 8.75% -3.46%
Gross Profit $1.716B $1.587B $1.521B
YoY Change 13.44% 4.33% 9.1%
Gross Profit Margin 50.6% 50.21% 51.24%
Selling, General & Admin $423.0M $359.0M $330.0M
YoY Change -4.06% 8.79% 5.06%
% of Gross Profit 24.65% 22.62% 21.69%
Research & Development $5.000M $3.000M $3.000M
YoY Change 127.27% 0.0% -4.67%
% of Gross Profit 0.29% 0.19% 0.2%
Depreciation & Amortization $267.0M $274.0M $287.5M
YoY Change -18.57% -4.7% 11.65%
% of Gross Profit 15.56% 17.27% 18.9%
Operating Expenses $695.0M $362.0M $333.0M
YoY Change -9.85% 8.71% 4.96%
Operating Profit $1.028B $855.0M $720.0M
YoY Change 53.66% 18.75% -2.57%
Interest Expense -$82.00M $83.00M $65.00M
YoY Change 13.1% 27.69% -2.93%
% of Operating Profit -7.98% 9.71% 9.03%
Other Income/Expense, Net -$14.00M -$19.00M $21.00M
YoY Change -121.84% -190.48% 29.03%
Pretax Income $932.0M $757.0M $675.0M
YoY Change 39.5% 12.15% -2.25%
Income Tax $97.00M $73.00M $69.00M
% Of Pretax Income 10.41% 9.64% 10.22%
Net Earnings $1.212B $569.0M $513.0M
YoY Change 138.11% 10.92% -1.16%
Net Earnings / Revenue 35.74% 18.0% 17.28%
Basic Earnings Per Share $1.53 $0.72 $0.65
Diluted Earnings Per Share $1.53 $0.72 $0.65
COMMON SHARES
Basic Shares Outstanding 790.5M shares 791.0M shares 795.0M shares
Diluted Shares Outstanding 792.0M shares 795.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.419B $2.001B $1.790B
YoY Change 13.67% 11.79% -3.5%
Cash & Equivalents $2.419B $2.001B $1.790B
Short-Term Investments
Other Short-Term Assets $126.0M $153.0M $136.0M
YoY Change -14.86% 12.5% 14.29%
Inventory $37.00M $45.00M $43.76M
Prepaid Expenses
Receivables $615.0M $637.0M $868.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.197B $2.836B $2.839B
YoY Change 3.2% -0.09% -14.73%
LONG-TERM ASSETS
Property, Plant & Equipment $15.52B $15.50B $16.30B
YoY Change -2.43% -4.95% 5.12%
Goodwill
YoY Change
Intangibles $89.00M $93.00M $108.8M
YoY Change -13.59% -14.51% 45.3%
Long-Term Investments
YoY Change
Other Assets $155.0M $147.0M $161.0M
YoY Change 0.0% -8.67% 38.74%
Total Long-Term Assets $17.49B $16.97B $17.84B
YoY Change 0.69% -4.88% 3.89%
TOTAL ASSETS
Total Short-Term Assets $3.197B $2.836B $2.839B
Total Long-Term Assets $17.49B $16.97B $17.84B
Total Assets $20.69B $19.81B $20.68B
YoY Change 1.07% -4.22% 0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.0M $141.0M $123.2M
YoY Change 33.59% 14.43% 28.32%
Accrued Expenses $1.137B $1.992B $1.814B
YoY Change -41.24% 9.81% 9.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $296.0M $134.0M $164.0M
YoY Change 77.25% -18.29% 72.63%
Total Short-Term Liabilities $2.956B $2.661B $2.774B
YoY Change 5.35% -4.07% 17.31%
LONG-TERM LIABILITIES
Long-Term Debt $9.344B $9.483B $9.593B
YoY Change -0.89% -1.15% 6.19%
Other Long-Term Liabilities $147.0M $136.0M $125.6M
YoY Change 16.67% 8.28% 2.24%
Total Long-Term Liabilities $147.0M $136.0M $125.6M
YoY Change 16.67% 8.28% 2.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.956B $2.661B $2.774B
Total Long-Term Liabilities $147.0M $136.0M $125.6M
Total Liabilities $13.06B $12.92B $13.11B
YoY Change 0.67% -1.5% 8.23%
SHAREHOLDERS EQUITY
Retained Earnings $2.709B $2.082B $2.285B
YoY Change 21.92% -8.89% -20.96%
Common Stock $1.000M $1.000M $830.0K
YoY Change 0.0% 20.48% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.818B $2.743B $2.443B
YoY Change 15.35% 12.28% 2.52%
Treasury Stock Shares 42.00M shares 41.00M shares 35.41M shares
Shareholders Equity $6.486B $5.896B $6.344B
YoY Change
Total Liabilities & Shareholders Equity $20.69B $19.81B $20.68B
YoY Change 1.07% -4.22% 0.87%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $1.212B $569.0M $513.0M
YoY Change 138.11% 10.92% -1.16%
Depreciation, Depletion And Amortization $267.0M $274.0M $287.5M
YoY Change -18.57% -4.7% 11.65%
Cash From Operating Activities $1.321B $1.113B $1.043B
YoY Change 8.81% 6.71% 21.42%
INVESTING ACTIVITIES
Capital Expenditures -$245.0M -$212.0M -$397.1M
YoY Change -16.78% -46.61% 0.84%
Acquisitions
YoY Change
Other Investing Activities $13.00M $1.000M -$300.0K
YoY Change 519.05% -433.33% 50.0%
Cash From Investing Activities -$232.0M -$211.0M -$397.3M
YoY Change -20.66% -46.89% 0.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -678.0M -1.218B -1.070B
YoY Change 22.16% 13.83% -23.78%
NET CHANGE
Cash From Operating Activities 1.321B 1.113B 1.043B
Cash From Investing Activities -232.0M -211.0M -397.3M
Cash From Financing Activities -678.0M -1.218B -1.070B
Net Change In Cash 411.0M -316.0M -424.3M
YoY Change 12.11% -25.52% -54.81%
FREE CASH FLOW
Cash From Operating Activities $1.321B $1.113B $1.043B
Capital Expenditures -$245.0M -$212.0M -$397.1M
Free Cash Flow $1.566B $1.325B $1.440B
YoY Change 3.82% -7.99% 14.95%

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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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33000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Nonoperating Income Expense
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1103000000 USD
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592000000 USD
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86000000 USD
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us-gaap Pre Opening Costs
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us-gaap Proceeds From Issuance Of Secured Debt
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2260000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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654000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Stock Options Exercised
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5000000 USD
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32000000 USD
CY2016Q3 us-gaap Profit Loss
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606000000 USD
us-gaap Profit Loss
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1409000000 USD
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685000000 USD
us-gaap Profit Loss
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1901000000 USD
CY2016Q3 us-gaap Promotional Allowances
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212000000 USD
us-gaap Promotional Allowances
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564000000 USD
CY2017Q3 us-gaap Promotional Allowances
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209000000 USD
us-gaap Promotional Allowances
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613000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23372000000 USD
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us-gaap Provision For Doubtful Accounts
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139000000 USD
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us-gaap Provision For Doubtful Accounts
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us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2016Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
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3000000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
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7000000 USD
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us-gaap Research And Development Expense Excluding Acquired In Process Cost
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CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q3 us-gaap Sales Revenue Net
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us-gaap Share Based Compensation
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CY2016Q4 us-gaap Stockholders Equity
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CY2016Q4 us-gaap Treasury Stock Shares
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CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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0 shares
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CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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792000000 shares

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