2017 Q3 Form 10-Q Financial Statement

#000114139117000152 Filed on October 31, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q3
Revenue $3.398B $3.053B $2.880B
YoY Change 17.99% 13.33% 13.83%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.296B $1.239B $1.111B
YoY Change 16.65% 11.12% 6.42%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $118.0M $111.0M $93.00M
YoY Change 26.88% 19.35% -1.06%
% of Gross Profit
Operating Expenses $1.457B $1.400B $1.210B
YoY Change 20.41% 6.54% 4.22%
Operating Profit $1.941B $1.653B $1.670B
YoY Change 16.23% 19.78% 21.99%
Interest Expense $35.00M $39.00M $23.00M
YoY Change 52.17% 77.27% 53.33%
% of Operating Profit 1.8% 2.36% 1.38%
Other Income/Expense, Net -$9.000M -$25.00M -$37.00M
YoY Change -75.68% 66.67% 117.65%
Pretax Income $1.932B $1.628B $1.633B
YoY Change 18.31% 19.27% 20.78%
Income Tax $502.0M $451.0M $449.0M
% Of Pretax Income 25.98% 27.7% 27.5%
Net Earnings $1.430B $1.177B $1.184B
YoY Change 20.78% 19.74% 21.19%
Net Earnings / Revenue 42.08% 38.55% 41.11%
Basic Earnings Per Share $1.34 $1.10 $1.08
Diluted Earnings Per Share $1.34 $1.10 $1.08
COMMON SHARES
Basic Shares Outstanding 1.063B shares 1.070B shares 1.096B shares
Diluted Shares Outstanding 1.068B shares 1.075B shares 1.099B shares

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.423B $6.959B $6.979B
YoY Change 6.36% 7.94% 36.6%
Cash & Equivalents $5.559B $5.177B $5.205B
Short-Term Investments $1.864B $1.782B $1.774B
Other Short-Term Assets $504.0M $363.0M $234.0M
YoY Change 115.38% 45.2% 4.93%
Inventory
Prepaid Expenses
Receivables $1.858B $1.708B $1.298B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.23B $12.54B $11.78B
YoY Change 12.36% 14.04% 22.35%
LONG-TERM ASSETS
Property, Plant & Equipment $901.0M $845.0M $698.0M
YoY Change 29.08% 24.26% 8.89%
Goodwill $3.015B $1.131B $1.814B
YoY Change 66.21% -38.33% -4.88%
Intangibles $1.147B $1.126B $747.0M
YoY Change 53.55% 47.77% -8.9%
Long-Term Investments $240.0M $233.0M $149.0M
YoY Change 61.07% 35.47% -36.32%
Other Assets $2.195B $2.192B $1.961B
YoY Change 11.93% 31.18% 21.12%
Total Long-Term Assets $7.683B $7.297B $5.547B
YoY Change 38.51% 38.1% 10.74%
TOTAL ASSETS
Total Short-Term Assets $13.23B $12.54B $11.78B
Total Long-Term Assets $7.683B $7.297B $5.547B
Total Assets $20.91B $19.84B $17.32B
YoY Change 20.73% 21.85% 18.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $722.0M $654.0M $437.0M
YoY Change 65.22% 44.69% 14.7%
Accrued Expenses $3.685B $3.306B $3.214B
YoY Change 14.65% 20.09% 27.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.984B $7.583B $7.121B
YoY Change 12.12% 17.35% 19.82%
LONG-TERM LIABILITIES
Long-Term Debt $5.393B $5.326B $3.326B
YoY Change 62.15% 61.1% 122.47%
Other Long-Term Liabilities $860.0M $842.0M $545.0M
YoY Change 57.8% 49.82% -32.13%
Total Long-Term Liabilities $6.253B $6.168B $3.871B
YoY Change 61.53% 59.46% 68.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.984B $7.583B $7.121B
Total Long-Term Liabilities $6.253B $6.168B $3.871B
Total Liabilities $14.38B $13.89B $11.07B
YoY Change 29.82% 33.4% 32.85%
SHAREHOLDERS EQUITY
Retained Earnings $22.40B $21.21B $18.72B
YoY Change 19.65% 19.49% 20.45%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.74B $18.91B $15.92B
YoY Change 23.96% 23.73% 25.23%
Treasury Stock Shares 335.0M shares 329.0M shares 301.0M shares
Shareholders Equity $6.442B $5.852B $6.219B
YoY Change
Total Liabilities & Shareholders Equity $20.91B $19.84B $17.32B
YoY Change 20.73% 21.85% 18.38%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q3
OPERATING ACTIVITIES
Net Income $1.430B $1.177B $1.184B
YoY Change 20.78% 19.74% 21.19%
Depreciation, Depletion And Amortization $118.0M $111.0M $93.00M
YoY Change 26.88% 19.35% -1.06%
Cash From Operating Activities $1.789B $1.325B $1.424B
YoY Change 25.63% 24.88% 11.95%
INVESTING ACTIVITIES
Capital Expenditures -$133.0M -$74.00M -$99.00M
YoY Change 34.34% -30.19% -6.6%
Acquisitions
YoY Change
Other Investing Activities -$245.0M -$1.048B -$531.0M
YoY Change -53.86% 26100.0% -211.79%
Cash From Investing Activities -$378.0M -$1.122B -$630.0M
YoY Change -40.0% 920.0% -270.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.042B -1.215B -773.0M
YoY Change 34.8% 86.64% -29.73%
NET CHANGE
Cash From Operating Activities 1.789B 1.325B 1.424B
Cash From Investing Activities -378.0M -1.122B -630.0M
Cash From Financing Activities -1.042B -1.215B -773.0M
Net Change In Cash 369.0M -1.012B 21.00M
YoY Change 1657.14% -437.33% -96.12%
FREE CASH FLOW
Cash From Operating Activities $1.789B $1.325B $1.424B
Capital Expenditures -$133.0M -$74.00M -$99.00M
Free Cash Flow $1.922B $1.399B $1.523B
YoY Change 26.2% 19.88% 10.52%

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us-gaap Depreciation And Amortization
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us-gaap Earnings Per Share Basic
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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44000000 USD
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CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2017Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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1350000000 USD
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190000000 USD
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321000000 USD
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380000000 USD
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240000000 USD
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us-gaap Marketing And Advertising Expense
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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us-gaap Payments To Acquire Software
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us-gaap Payments To Acquire Software
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CY2016Q4 us-gaap Prepaid Taxes
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CY2017Q2 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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us-gaap Repayments Of Debt
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CY2017Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2017Q3 us-gaap Stockholders Equity
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CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6468000000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
161000000 USD
CY2017Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
356000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
312000000 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
335000000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
17021000000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
19735000000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1099000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1104000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1068000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1075000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1096000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1101000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1063000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1071000000 shares

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