2021 Q1 Form 10-Q Financial Statement

#000105955621000015 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.600B $1.290B
YoY Change 24.03% 12.96%
Cost Of Revenue $393.0M $340.0M
YoY Change 15.59% -0.58%
Gross Profit $1.207B $950.0M
YoY Change 27.05% 18.75%
Gross Profit Margin 75.44% 73.64%
Selling, General & Admin $293.0M $301.0M
YoY Change -2.66% 7.12%
% of Gross Profit 24.28% 31.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.00M $49.00M
YoY Change 20.41% -2.58%
% of Gross Profit 4.89% 5.16%
Operating Expenses $293.0M $698.0M
YoY Change -58.02% 2.65%
Operating Profit $853.0M $592.0M
YoY Change 44.09% 28.14%
Interest Expense -$7.000M -$40.00M
YoY Change -82.5% -23.08%
% of Operating Profit -0.82% -6.76%
Other Income/Expense, Net $9.000M -$28.00M
YoY Change -132.14% -44.0%
Pretax Income $862.0M $564.0M
YoY Change 52.84% 36.89%
Income Tax $126.0M $77.00M
% Of Pretax Income 14.62% 13.65%
Net Earnings $736.0M $488.0M
YoY Change 50.82% 30.83%
Net Earnings / Revenue 46.0% 37.83%
Basic Earnings Per Share $3.93 $2.60
Diluted Earnings Per Share $3.90 $2.57
COMMON SHARES
Basic Shares Outstanding 187.2M shares 187.5M shares
Diluted Shares Outstanding 188.6M shares 189.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.865B $2.231B
YoY Change 28.42% 70.18%
Cash & Equivalents $2.769B $2.141B
Short-Term Investments $96.00M $90.00M
Other Short-Term Assets $333.0M $350.0M
YoY Change -4.86% 22.12%
Inventory
Prepaid Expenses $88.00M $80.00M
Receivables $1.497B $1.413B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.695B $3.994B
YoY Change 17.55% 37.8%
LONG-TERM ASSETS
Property, Plant & Equipment $269.0M $285.0M
YoY Change -5.61% -10.57%
Goodwill $4.566B $4.122B
YoY Change 10.77% 9.55%
Intangibles $1.810B $1.709B
YoY Change 5.91% 11.67%
Long-Term Investments $216.0M $170.0M
YoY Change 27.06% 26.87%
Other Assets $545.0M $594.0M
YoY Change -8.25% 84.93%
Total Long-Term Assets $7.805B $7.312B
YoY Change 6.74% 10.46%
TOTAL ASSETS
Total Short-Term Assets $4.695B $3.994B
Total Long-Term Assets $7.805B $7.312B
Total Assets $12.50B $11.31B
YoY Change 10.56% 18.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.00M $26.00M
YoY Change -19.23% 33.33%
Accrued Expenses $537.0M $416.0M
YoY Change 29.09% 1.22%
Deferred Revenue $1.232B $1.113B
YoY Change 10.69% 4.8%
Short-Term Debt $0.00 $485.0M
YoY Change -100.0% 52.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.154B $2.351B
YoY Change -8.38% 17.22%
LONG-TERM LIABILITIES
Long-Term Debt $6.340B $6.303B
YoY Change 0.59% 20.55%
Other Long-Term Liabilities $473.0M $403.0M
YoY Change 17.37% -17.18%
Total Long-Term Liabilities $6.813B $6.706B
YoY Change 1.6% 17.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.154B $2.351B
Total Long-Term Liabilities $6.813B $6.706B
Total Liabilities $10.28B $10.50B
YoY Change -2.15% 14.23%
SHAREHOLDERS EQUITY
Retained Earnings $11.63B $10.04B
YoY Change 15.85% 12.9%
Common Stock $742.0M $619.0M
YoY Change 19.87% 40.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.904B $9.524B
YoY Change 3.99% 8.8%
Treasury Stock Shares 155.7M shares 155.4M shares
Shareholders Equity $2.030B $582.0M
YoY Change
Total Liabilities & Shareholders Equity $12.50B $11.31B
YoY Change 10.56% 18.78%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $736.0M $488.0M
YoY Change 50.82% 30.83%
Depreciation, Depletion And Amortization $59.00M $49.00M
YoY Change 20.41% -2.58%
Cash From Operating Activities $676.0M $345.0M
YoY Change 95.94% -5.99%
INVESTING ACTIVITIES
Capital Expenditures $14.00M $21.00M
YoY Change -33.33% 5.0%
Acquisitions $138.0M $696.0M
YoY Change -80.17%
Other Investing Activities -$180.0M -$751.0M
YoY Change -76.03% -5967.19%
Cash From Investing Activities -$194.0M -$772.0M
YoY Change -74.87% 10928.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $132.0M $253.0M
YoY Change -47.83% -43.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$290.0M $765.0M
YoY Change -137.91% -190.11%
NET CHANGE
Cash From Operating Activities $676.0M $345.0M
Cash From Investing Activities -$194.0M -$772.0M
Cash From Financing Activities -$290.0M $765.0M
Net Change In Cash $172.0M $309.0M
YoY Change -44.34% -163.32%
FREE CASH FLOW
Cash From Operating Activities $676.0M $345.0M
Capital Expenditures $14.00M $21.00M
Free Cash Flow $662.0M $324.0M
YoY Change 104.32% -6.63%

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