2020 Q3 Form 10-Q Financial Statement

#000114139120000203 Filed on October 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2018 Q4
Revenue $3.837B $4.467B $3.807B
YoY Change -14.1% 14.6% 14.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.568B $1.694B $1.715B
YoY Change -7.44% 14.3% 3.81%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $141.0M $137.0M $113.0M
YoY Change 2.92% 23.42% -2.59%
% of Gross Profit
Operating Expenses $1.732B $1.812B $1.828B
YoY Change -4.42% 12.48% 3.45%
Operating Profit $2.105B $2.655B $1.234B
YoY Change -20.72% 16.09% -18.92%
Interest Expense $105.0M $63.00M $8.000M
YoY Change 66.67% 31.25% -115.38%
% of Operating Profit 4.99% 2.37% 0.65%
Other Income/Expense, Net -$190.0M -$121.0M -$15.00M
YoY Change 57.02% 426.09% 66.67%
Pretax Income $1.915B $2.534B $1.215B
YoY Change -24.43% 11.93% -18.13%
Income Tax $402.0M $426.0M $391.0M
% Of Pretax Income 20.99% 16.81% 32.18%
Net Earnings $1.513B $2.108B $899.0M
YoY Change -28.23% 11.01% 296.04%
Net Earnings / Revenue 39.43% 47.19% 23.61%
Basic Earnings Per Share $1.51 $2.08 $0.87
Diluted Earnings Per Share $1.51 $2.07 $0.87
COMMON SHARES
Basic Shares Outstanding 1.001B shares 1.013B shares 1.032B shares
Diluted Shares Outstanding 1.005B shares 1.019B shares 1.038B shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.50B $5.852B $6.682B
YoY Change 79.49% -31.1% -14.14%
Cash & Equivalents $10.23B $5.101B $6.682B
Short-Term Investments $279.0M $751.0M $0.00
Other Short-Term Assets $732.0M $856.0M $603.0M
YoY Change -14.49% 41.72% 20.84%
Inventory
Prepaid Expenses
Receivables $2.357B $2.500B $2.276B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.47B $14.85B $16.17B
YoY Change 24.4% -1.44% 17.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.887B $1.492B $921.0M
YoY Change 26.47% 70.32% 11.1%
Goodwill $4.159B $3.724B $2.904B
YoY Change 11.68% 26.24% -4.32%
Intangibles $1.507B $1.310B $991.0M
YoY Change 15.04% 28.05% -11.52%
Long-Term Investments $913.0M $116.0M $337.0M
YoY Change 687.07% -58.42% 35.34%
Other Assets $4.965B $4.090B $3.303B
YoY Change 21.39% 39.83% 43.73%
Total Long-Term Assets $13.13B $11.13B $8.689B
YoY Change 17.88% 34.53% 15.36%
TOTAL ASSETS
Total Short-Term Assets $18.47B $14.85B $16.17B
Total Long-Term Assets $13.13B $11.13B $8.689B
Total Assets $31.59B $25.98B $24.86B
YoY Change 21.6% 11.32% 16.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $341.0M $505.0M $537.0M
YoY Change -32.48% 32.2% -42.44%
Accrued Expenses $5.011B $4.985B $4.747B
YoY Change 0.52% 5.06% 20.76%
Deferred Revenue $1.568B
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $500.0M
YoY Change -100.0%
Total Short-Term Liabilities $9.958B $10.71B $11.59B
YoY Change -7.06% 10.35% 31.84%
LONG-TERM LIABILITIES
Long-Term Debt $12.57B $7.735B $5.834B
YoY Change 62.56% 32.04% 7.56%
Other Long-Term Liabilities $3.095B $2.386B $1.877B
YoY Change 29.72% 28.56% 30.53%
Total Long-Term Liabilities $15.67B $10.12B $7.711B
YoY Change 54.82% 31.2% 12.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.958B $10.71B $11.59B
Total Long-Term Liabilities $15.67B $10.12B $7.711B
Total Liabilities $25.71B $20.93B $19.37B
YoY Change 22.84% 19.8% 22.9%
SHAREHOLDERS EQUITY
Retained Earnings $37.40B $32.29B $27.28B
YoY Change 15.84% 20.81% 22.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.65B $31.21B $25.75B
YoY Change 14.25% 25.8% 24.01%
Treasury Stock Shares 406.0M shares 391.0M shares 368.0M shares
Shareholders Equity $5.796B $4.949B $5.395B
YoY Change
Total Liabilities & Shareholders Equity $31.59B $25.98B $24.86B
YoY Change 21.6% 11.32% 16.55%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $1.513B $2.108B $899.0M
YoY Change -28.23% 11.01% 296.04%
Depreciation, Depletion And Amortization $141.0M $137.0M $113.0M
YoY Change 2.92% 23.42% -2.59%
Cash From Operating Activities $1.654B $2.355B $1.332B
YoY Change -29.77% -0.51% -26.93%
INVESTING ACTIVITIES
Capital Expenditures -$165.0M -$219.0M -$123.0M
YoY Change -24.66% 68.46% 0.82%
Acquisitions
YoY Change
Other Investing Activities -$34.00M -$407.0M -$146.0M
YoY Change -91.65% 302.97% 305.56%
Cash From Investing Activities -$199.0M -$626.0M -$269.0M
YoY Change -68.21% 171.0% 70.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.468B -2.125B -1.133B
YoY Change 16.14% 49.96% -10.79%
NET CHANGE
Cash From Operating Activities 1.654B 2.355B 1.332B
Cash From Investing Activities -199.0M -626.0M -269.0M
Cash From Financing Activities -2.468B -2.125B -1.133B
Net Change In Cash -1.013B -396.0M -70.00M
YoY Change 155.81% -155.08% -117.72%
FREE CASH FLOW
Cash From Operating Activities $1.654B $2.355B $1.332B
Capital Expenditures -$165.0M -$219.0M -$123.0M
Free Cash Flow $1.819B $2.574B $1.455B
YoY Change -29.33% 3.08% -25.19%

Facts In Submission

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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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CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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ma Loss Contingency Unsolicited Advertisements
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CY2020Q3 ma Travelers Cheques Outstanding Notional Value
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CY2020Q3 ma Travelers Cheques Covered By Collateral Arrangements
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CY2019Q4 ma Travelers Cheques Covered By Collateral Arrangements
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us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
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