2020 Q3 Form 10-Q Financial Statement

#000155837020011804 Filed on October 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $8.350B $7.991B
YoY Change 4.49% -1.97%
Cost Of Revenue $4.303B $4.188B
YoY Change 2.75% 0.7%
Gross Profit $4.047B $3.803B
YoY Change 6.42% -4.76%
Gross Profit Margin 48.47% 47.59%
Selling, General & Admin $1.677B $1.455B
YoY Change 15.26% -5.95%
% of Gross Profit 41.44% 38.26%
Research & Development $461.0M $443.0M
YoY Change 4.06% 3.02%
% of Gross Profit 11.39% 11.65%
Depreciation & Amortization $481.0M $379.0M
YoY Change 26.91% 6.76%
% of Gross Profit 11.89% 9.97%
Operating Expenses $1.677B $1.455B
YoY Change 15.26% -5.95%
Operating Profit $1.909B $2.011B
YoY Change -5.07% -0.25%
Interest Expense $128.0M $109.0M
YoY Change 17.43% 28.24%
% of Operating Profit 6.71% 5.42%
Other Income/Expense, Net -$83.00M -$45.00M
YoY Change 84.44% -11.76%
Pretax Income $1.826B $1.966B
YoY Change -7.12% 0.05%
Income Tax $391.0M $378.0M
% Of Pretax Income 21.41% 19.23%
Net Earnings $1.430B $1.583B
YoY Change -9.67% 2.59%
Net Earnings / Revenue 17.13% 19.81%
Basic Earnings Per Share $2.47 $2.75
Diluted Earnings Per Share $2.45 $2.72
COMMON SHARES
Basic Shares Outstanding 577.8M shares 576.5M
Diluted Shares Outstanding 582.4M shares 583.0M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.595B $7.807B
YoY Change -41.14% 119.92%
Cash & Equivalents $4.121B $7.731B
Short-Term Investments $474.0M $76.00M
Other Short-Term Assets $426.0M $515.0M
YoY Change -17.28% 33.77%
Inventory $3.984B $4.007B
Prepaid Expenses $516.0M $717.0M
Receivables $4.623B $5.020B
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.11B $18.02B
YoY Change -21.7% 24.97%
LONG-TERM ASSETS
Property, Plant & Equipment $9.216B $8.891B
YoY Change 3.66% 3.02%
Goodwill $13.54B $10.41B
YoY Change 30.02% 2.84%
Intangibles $5.926B $2.847B
YoY Change 108.15% 4.44%
Long-Term Investments
YoY Change
Other Assets $1.759B $1.548B
YoY Change 13.63% 12.42%
Total Long-Term Assets $31.28B $24.53B
YoY Change 27.52% 7.32%
TOTAL ASSETS
Total Short-Term Assets $14.11B $18.02B
Total Long-Term Assets $31.28B $24.53B
Total Assets $45.39B $42.55B
YoY Change 6.67% 14.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.208B $2.079B
YoY Change 6.2% 2.46%
Accrued Expenses $973.0M $910.0M
YoY Change 6.92% 16.22%
Deferred Revenue $390.0M $605.0M
YoY Change -35.54% -1.47%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.169B $1.978B
YoY Change -40.9% 51.34%
Total Short-Term Liabilities $7.410B $7.821B
YoY Change -5.26% 6.61%
LONG-TERM LIABILITIES
Long-Term Debt $18.43B $17.48B
YoY Change 5.44% 29.1%
Other Long-Term Liabilities $3.324B $3.235B
YoY Change 2.75% 11.32%
Total Long-Term Liabilities $21.75B $20.71B
YoY Change 5.02% 25.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.410B $7.821B
Total Long-Term Liabilities $21.75B $20.71B
Total Liabilities $33.45B $31.79B
YoY Change 5.23% 17.88%
SHAREHOLDERS EQUITY
Retained Earnings $43.29B $42.09B
YoY Change 2.85% 4.9%
Common Stock $6.125B $5.870B
YoY Change 4.34% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.88B $10.70B
YoY Change
Total Liabilities & Shareholders Equity $45.39B $42.55B
YoY Change 6.67% 14.15%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $1.430B $1.583B
YoY Change -9.67% 2.59%
Depreciation, Depletion And Amortization $481.0M $379.0M
YoY Change 26.91% 6.76%
Cash From Operating Activities $2.480B $2.022B
YoY Change 22.65% -5.47%
INVESTING ACTIVITIES
Capital Expenditures -$368.0M -$349.0M
YoY Change 5.44% -7.43%
Acquisitions
YoY Change
Other Investing Activities -$155.0M $439.0M
YoY Change -135.31% 306.48%
Cash From Investing Activities -$523.0M $90.00M
YoY Change -681.11% -133.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.097B 2.804B
YoY Change -174.79% -292.98%
NET CHANGE
Cash From Operating Activities 2.480B 2.022B
Cash From Investing Activities -523.0M 90.00M
Cash From Financing Activities -2.097B 2.804B
Net Change In Cash -140.0M 4.916B
YoY Change -102.85% 1078.9%
FREE CASH FLOW
Cash From Operating Activities $2.480B $2.022B
Capital Expenditures -$368.0M -$349.0M
Free Cash Flow $2.848B $2.371B
YoY Change 20.12% -5.76%

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