2018 Q3 Form 10-Q Financial Statement

#000114139118000127 Filed on October 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $3.898B $3.398B
YoY Change 14.71% 17.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.482B $1.296B
YoY Change 14.35% 16.65%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $111.0M $118.0M
YoY Change -5.93% 26.88%
% of Gross Profit
Operating Expenses $1.611B $1.457B
YoY Change 10.57% 20.41%
Operating Profit $2.287B $1.941B
YoY Change 17.83% 16.23%
Interest Expense $48.00M $35.00M
YoY Change 37.14% 52.17%
% of Operating Profit 2.1% 1.8%
Other Income/Expense, Net -$23.00M -$9.000M
YoY Change 155.56% -75.68%
Pretax Income $2.264B $1.932B
YoY Change 17.18% 18.31%
Income Tax $365.0M $502.0M
% Of Pretax Income 16.12% 25.98%
Net Earnings $1.899B $1.430B
YoY Change 32.8% 20.78%
Net Earnings / Revenue 48.72% 42.08%
Basic Earnings Per Share $1.83 $1.34
Diluted Earnings Per Share $1.82 $1.34
COMMON SHARES
Basic Shares Outstanding 1.037B shares 1.063B shares
Diluted Shares Outstanding 1.043B shares 1.068B shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.493B $7.423B
YoY Change 14.41% 6.36%
Cash & Equivalents $6.871B $5.559B
Short-Term Investments $1.622B $1.864B
Other Short-Term Assets $604.0M $504.0M
YoY Change 19.84% 115.38%
Inventory
Prepaid Expenses
Receivables $2.277B $1.858B
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.06B $13.23B
YoY Change 13.85% 12.36%
LONG-TERM ASSETS
Property, Plant & Equipment $876.0M $901.0M
YoY Change -2.77% 29.08%
Goodwill $2.950B $3.015B
YoY Change -2.16% 66.21%
Intangibles $1.023B $1.147B
YoY Change -10.81% 53.55%
Long-Term Investments $279.0M $240.0M
YoY Change 16.25% 61.07%
Other Assets $2.925B $2.195B
YoY Change 33.26% 11.93%
Total Long-Term Assets $8.276B $7.683B
YoY Change 7.72% 38.51%
TOTAL ASSETS
Total Short-Term Assets $15.06B $13.23B
Total Long-Term Assets $8.276B $7.683B
Total Assets $23.34B $20.91B
YoY Change 11.6% 20.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $382.0M $722.0M
YoY Change -47.09% 65.22%
Accrued Expenses $4.745B $3.685B
YoY Change 28.77% 14.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0M
YoY Change
Total Short-Term Liabilities $9.709B $7.984B
YoY Change 21.61% 12.12%
LONG-TERM LIABILITIES
Long-Term Debt $5.858B $5.393B
YoY Change 8.62% 62.15%
Other Long-Term Liabilities $1.856B $860.0M
YoY Change 115.81% 57.8%
Total Long-Term Liabilities $7.714B $6.253B
YoY Change 23.36% 61.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.709B $7.984B
Total Long-Term Liabilities $7.714B $6.253B
Total Liabilities $17.47B $14.38B
YoY Change 21.54% 29.82%
SHAREHOLDERS EQUITY
Retained Earnings $26.73B $22.40B
YoY Change 19.31% 19.65%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.81B $19.74B
YoY Change 25.7% 23.96%
Treasury Stock Shares 364.0M shares 335.0M shares
Shareholders Equity $5.775B $6.442B
YoY Change
Total Liabilities & Shareholders Equity $23.34B $20.91B
YoY Change 11.6% 20.73%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $1.899B $1.430B
YoY Change 32.8% 20.78%
Depreciation, Depletion And Amortization $111.0M $118.0M
YoY Change -5.93% 26.88%
Cash From Operating Activities $2.367B $1.789B
YoY Change 32.31% 25.63%
INVESTING ACTIVITIES
Capital Expenditures -$130.0M -$133.0M
YoY Change -2.26% 34.34%
Acquisitions
YoY Change
Other Investing Activities -$101.0M -$245.0M
YoY Change -58.78% -53.86%
Cash From Investing Activities -$231.0M -$378.0M
YoY Change -38.89% -40.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.417B -1.042B
YoY Change 35.99% 34.8%
NET CHANGE
Cash From Operating Activities 2.367B 1.789B
Cash From Investing Activities -231.0M -378.0M
Cash From Financing Activities -1.417B -1.042B
Net Change In Cash 719.0M 369.0M
YoY Change 94.85% 1657.14%
FREE CASH FLOW
Cash From Operating Activities $2.367B $1.789B
Capital Expenditures -$130.0M -$133.0M
Free Cash Flow $2.497B $1.922B
YoY Change 29.92% 26.2%

Facts In Submission

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CY2018Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
940000000 USD
CY2017Q3 us-gaap Revenues
Revenues
3398000000 USD
us-gaap Revenues
Revenues
9185000000 USD
CY2018Q3 us-gaap Revenues
Revenues
3898000000 USD
us-gaap Revenues
Revenues
11143000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
137000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
153000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P1Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.197
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
900000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
41
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
5468000000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
5775000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5497000000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5796000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
194000000 USD
CY2018Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
336000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
342000000 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
364000000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
20764000000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
24807000000 USD
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
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6000000 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
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1043000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1050000000 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
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1037000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1044000000 shares

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