2017 Q3 Form 10-Q Financial Statement

#000075330817000142 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $4.803B $3.699B $4.805B
YoY Change -0.04% -9.09% -3.01%
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 $1.138B $891.0M $1.070B
YoY Change 6.36% 5.95% 18.89%
% of Gross Profit
Operating Expenses $3.457B $3.338B $3.526B
YoY Change -1.96% 4.87% 1.53%
Operating Profit $1.350B $926.0M $1.279B
YoY Change 5.55% 5.71% -13.64%
Interest Expense -$290.0M $409.0M -$267.0M
YoY Change 8.61% -292.02% 18.14%
% of Operating Profit -21.48% 44.17% -20.88%
Other Income/Expense, Net -$131.0M $325.0M -$72.00M
YoY Change 81.94% 253.26% -59.78%
Pretax Income $1.220B $1.511B $1.207B
YoY Change 1.08% 99.6% -7.3%
Income Tax $364.0M $500.0M $418.0M
% Of Pretax Income 29.84% 33.09% 34.63%
Net Earnings $846.0M $966.0M $753.0M
YoY Change 12.35% 90.53% -14.33%
Net Earnings / Revenue 17.61% 26.12% 15.67%
Basic Earnings Per Share $1.80 $2.07 $1.63
Diluted Earnings Per Share $1.79 $2.06 $1.62
COMMON SHARES
Basic Shares Outstanding 469.4M shares 463.3M shares
Diluted Shares Outstanding 473.5M shares 466.0M shares

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.381B $1.292B $681.0M
YoY Change 102.79% 126.27% -42.34%
Cash & Equivalents $1.381B $1.292B $681.0M
Short-Term Investments
Other Short-Term Assets $551.0M $528.0M $459.0M
YoY Change 20.04% 10.92% -23.75%
Inventory $1.352B $1.289B $1.309B
Prepaid Expenses
Receivables $2.147B $1.784B $1.921B
Other Receivables $603.0M $655.0M $938.0M
Total Short-Term Assets $7.027B $7.409B $6.747B
YoY Change 4.15% 9.04% 1.35%
LONG-TERM ASSETS
Property, Plant & Equipment $71.09B $66.91B $65.62B
YoY Change 8.34% 9.0% 9.66%
Goodwill $779.0M
YoY Change 0.13%
Intangibles
YoY Change
Long-Term Investments $0.00 $1.767B $0.00
YoY Change 66.23%
Other Assets $3.736B $3.335B $3.279B
YoY Change 13.94% 2.96% 40.55%
Total Long-Term Assets $18.67B $15.67B $15.50B
YoY Change 20.43% 9.61% 15.06%
TOTAL ASSETS
Total Short-Term Assets $7.027B $7.409B $6.747B
Total Long-Term Assets $18.67B $15.67B $15.50B
Total Assets $96.78B $90.47B $87.86B
YoY Change 10.15% 9.69% 9.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.256B $3.447B $2.800B
YoY Change -19.43% 36.3% 49.73%
Accrued Expenses $1.794B $1.600B $1.642B
YoY Change 9.26% 16.79% -9.38%
Deferred Revenue
YoY Change
Short-Term Debt $255.0M $150.0M $490.0M
YoY Change -47.96% -63.59% -56.9%
Long-Term Debt Due $2.285B $2.604B $2.364B
YoY Change -3.34% 17.3% -5.33%
Total Short-Term Liabilities $11.60B $10.92B $10.46B
YoY Change 10.98% 8.03% 0.82%
LONG-TERM LIABILITIES
Long-Term Debt $30.35B $27.82B $28.20B
YoY Change 7.63% 4.26% 10.12%
Other Long-Term Liabilities $2.115B $2.049B $2.115B
YoY Change 0.0% 2.19% 23.68%
Total Long-Term Liabilities $27.51B $25.93B $24.34B
YoY Change 13.01% 14.82% 15.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.60B $10.92B $10.46B
Total Long-Term Liabilities $27.51B $25.93B $24.34B
Total Liabilities $39.12B $36.84B $34.80B
YoY Change 12.4% 12.72% 10.36%
SHAREHOLDERS EQUITY
Retained Earnings $17.30B $15.46B $14.90B
YoY Change 16.11% 9.32% 6.52%
Common Stock $9.051B $8.953B $9.044B
YoY Change 0.08% 4.09% 6.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.40B $24.34B $23.91B
YoY Change
Total Liabilities & Shareholders Equity $96.78B $89.99B $87.86B
YoY Change 10.15% 9.11% 9.88%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $846.0M $966.0M $753.0M
YoY Change 12.35% 90.53% -14.33%
Depreciation, Depletion And Amortization $1.138B $891.0M $1.070B
YoY Change 6.36% 5.95% 18.89%
Cash From Operating Activities $2.164B $1.075B $2.024B
YoY Change 6.92% -32.94% 28.18%
INVESTING ACTIVITIES
Capital Expenditures -$1.078B -$921.0M -$972.0M
YoY Change 10.91% 3.6% -13.14%
Acquisitions
YoY Change
Other Investing Activities -$264.0M -$142.0M -$574.0M
YoY Change -54.01% -91.34% -4.97%
Cash From Investing Activities -$1.342B -$1.063B -$1.546B
YoY Change -13.2% -57.95% -10.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 68.00M 625.0M -527.0M
YoY Change -112.9% 98.41% -168.09%
NET CHANGE
Cash From Operating Activities 2.164B 1.075B 2.024B
Cash From Investing Activities -1.342B -1.063B -1.546B
Cash From Financing Activities 68.00M 625.0M -527.0M
Net Change In Cash 890.0M 637.0M -49.00M
YoY Change -1916.33% -204.43% -107.78%
FREE CASH FLOW
Cash From Operating Activities $2.164B $1.075B $2.024B
Capital Expenditures -$1.078B -$921.0M -$972.0M
Free Cash Flow $3.242B $1.996B $2.996B
YoY Change 8.21% -19.9% 11.05%

Facts In Submission

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234000000 USD
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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CY2017Q3 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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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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CY2017Q3 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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1220000000 USD
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CY2016Q3 us-gaap Income Tax Credits And Adjustments
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us-gaap Income Tax Credits And Adjustments
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CY2017Q3 us-gaap Income Tax Credits And Adjustments
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us-gaap Income Tax Credits And Adjustments
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CY2016Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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