2017 Q2 Form 10-Q Financial Statement

#000075330817000109 Filed on July 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $4.399B $3.817B
YoY Change 15.25% -12.41%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $957.0M $816.0M
YoY Change 17.28% -1.09%
% of Gross Profit
Operating Expenses $3.128B $2.648B
YoY Change 18.13% -17.56%
Operating Profit $1.276B $1.169B
YoY Change 9.15% 2.01%
Interest Expense -$344.0M -$521.0M
YoY Change -33.97% 130.53%
% of Operating Profit -26.96% -44.57%
Other Income/Expense, Net -$183.0M -$406.0M
YoY Change -54.93% 167.11%
Pretax Income $1.093B $763.0M
YoY Change 43.25% -23.24%
Income Tax $289.0M $219.0M
% Of Pretax Income 26.44% 28.7%
Net Earnings $793.0M $540.0M
YoY Change 46.85% -24.58%
Net Earnings / Revenue 18.03% 14.15%
Basic Earnings Per Share $1.70 $1.17
Diluted Earnings Per Share $1.68 $1.16
COMMON SHARES
Basic Shares Outstanding 467.9M shares 461.3M shares
Diluted Shares Outstanding 471.7M shares 464.6M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $642.0M $730.0M
YoY Change -12.05% 32.49%
Cash & Equivalents $642.0M $730.0M
Short-Term Investments
Other Short-Term Assets $524.0M $469.0M
YoY Change 11.73% -29.58%
Inventory $1.313B $1.254B
Prepaid Expenses
Receivables $1.950B $1.816B
Other Receivables $530.0M $857.0M
Total Short-Term Assets $5.947B $6.512B
YoY Change -8.68% 2.62%
LONG-TERM ASSETS
Property, Plant & Equipment $69.66B $64.16B
YoY Change 8.57% 10.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $3.740B $3.069B
YoY Change 21.86% 37.07%
Total Long-Term Assets $17.29B $14.75B
YoY Change 17.19% 17.58%
TOTAL ASSETS
Total Short-Term Assets $5.947B $6.512B
Total Long-Term Assets $17.29B $14.75B
Total Assets $92.89B $85.42B
YoY Change 8.75% 10.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.814B $1.774B
YoY Change 2.25% 16.94%
Accrued Expenses $1.290B $1.671B
YoY Change -22.8% 18.51%
Deferred Revenue
YoY Change
Short-Term Debt $255.0M $800.0M
YoY Change -68.13% -15.79%
Long-Term Debt Due $1.762B $3.125B
YoY Change -43.62% 12.9%
Total Short-Term Liabilities $8.950B $11.34B
YoY Change -21.05% 20.33%
LONG-TERM LIABILITIES
Long-Term Debt $30.39B $27.00B
YoY Change 12.56% 7.0%
Other Long-Term Liabilities $2.110B $1.847B
YoY Change 14.24% 10.01%
Total Long-Term Liabilities $26.67B $23.20B
YoY Change 14.96% 10.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.950B $11.34B
Total Long-Term Liabilities $26.67B $23.20B
Total Liabilities $35.62B $34.54B
YoY Change 3.14% 13.74%
SHAREHOLDERS EQUITY
Retained Earnings $16.91B $14.55B
YoY Change 16.26% 8.12%
Common Stock $9.009B $8.708B
YoY Change 3.46% 10.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.93B $23.17B
YoY Change
Total Liabilities & Shareholders Equity $92.89B $85.42B
YoY Change 8.75% 10.65%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $793.0M $540.0M
YoY Change 46.85% -24.58%
Depreciation, Depletion And Amortization $957.0M $816.0M
YoY Change 17.28% -1.09%
Cash From Operating Activities $1.907B $1.725B
YoY Change 10.55% -1.6%
INVESTING ACTIVITIES
Capital Expenditures -$989.0M -$1.082B
YoY Change -8.6% 14.26%
Acquisitions
YoY Change
Other Investing Activities -$850.0M -$674.0M
YoY Change 26.11% -45.78%
Cash From Investing Activities -$1.839B -$1.756B
YoY Change 4.73% -19.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.00M 133.0M
YoY Change -91.73% -74.37%
NET CHANGE
Cash From Operating Activities 1.907B 1.725B
Cash From Investing Activities -1.839B -1.756B
Cash From Financing Activities 11.00M 133.0M
Net Change In Cash 79.00M 102.0M
YoY Change -22.55% 24.39%
FREE CASH FLOW
Cash From Operating Activities $1.907B $1.725B
Capital Expenditures -$989.0M -$1.082B
Free Cash Flow $2.896B $2.807B
YoY Change 3.17% 3.96%

Facts In Submission

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us-gaap Available For Sale Debt Securities Gross Unrealized Loss
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CY2017Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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us-gaap Available For Sale Securities Gross Realized Gains
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22000000 USD
us-gaap Available For Sale Securities Gross Realized Gains
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20000000 USD
us-gaap Available For Sale Securities Gross Realized Losses
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38000000 USD
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us-gaap Available For Sale Securities Gross Realized Losses
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us-gaap Business Combination Acquisition Related Costs
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us-gaap Business Combination Acquisition Related Costs
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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730000000 USD
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CY2017Q2 us-gaap Commitments And Contingencies
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
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CY2017Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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CY2017Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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228000000 USD
CY2017Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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72000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
157000000 USD
CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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CY2017Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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6000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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CY2017Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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CY2016Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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532000000 USD
CY2016Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2017Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Investments
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us-gaap Gain Loss On Investments
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CY2016Q2 us-gaap Income Loss From Equity Method Investments
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us-gaap Income Tax Credits And Adjustments
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us-gaap Income Tax Credits And Adjustments
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CY2016Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Noncurrent Assets
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105000000 USD
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us-gaap Increase Decrease In Recoverable Property Damage Costs
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us-gaap Increase Decrease In Recoverable Property Damage Costs
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105000000 USD
CY2016Q4 us-gaap Inventory Net
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CY2017Q2 us-gaap Inventory Net
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2950000000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2016Q4 us-gaap Liabilities Current
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CY2017Q2 us-gaap Liabilities Current
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CY2016Q4 us-gaap Liabilities Noncurrent
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CY2017Q2 us-gaap Liabilities Noncurrent
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CY2016Q4 us-gaap Long Term Debt Current
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CY2016Q4 us-gaap Minority Interest
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CY2017Q2 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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