2018 Q3 Form 10-Q Financial Statement

#000075330818000159 Filed on October 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $4.416B $4.803B
YoY Change -8.06% -0.04%
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 $1.183B $1.138B
YoY Change 3.95% 6.36%
% of Gross Profit
Operating Expenses $3.448B $3.457B
YoY Change -0.26% -1.96%
Operating Profit $968.0M $1.350B
YoY Change -28.3% 5.55%
Interest Expense $26.00M -$290.0M
YoY Change -108.97% 8.61%
% of Operating Profit 2.69% -21.48%
Other Income/Expense, Net $98.00M -$131.0M
YoY Change -174.81% 81.94%
Pretax Income $1.066B $1.220B
YoY Change -12.62% 1.08%
Income Tax $125.0M $364.0M
% Of Pretax Income 11.73% 29.84%
Net Earnings $1.005B $846.0M
YoY Change 18.79% 12.35%
Net Earnings / Revenue 22.76% 17.61%
Basic Earnings Per Share $2.12 $1.80
Diluted Earnings Per Share $2.10 $1.79
COMMON SHARES
Basic Shares Outstanding 473.1M shares 469.4M shares
Diluted Shares Outstanding 477.4M shares 473.5M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $497.0M $1.381B
YoY Change -64.01% 102.79%
Cash & Equivalents $497.0M $1.381B
Short-Term Investments
Other Short-Term Assets $518.0M $551.0M
YoY Change -5.99% 20.04%
Inventory $1.083B $1.352B
Prepaid Expenses
Receivables $2.454B $2.147B
Other Receivables $665.0M $603.0M
Total Short-Term Assets $8.349B $7.027B
YoY Change 18.81% 4.15%
LONG-TERM ASSETS
Property, Plant & Equipment $68.57B $71.09B
YoY Change -3.54% 8.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.493B $0.00
YoY Change
Other Assets $3.548B $3.736B
YoY Change -5.03% 13.94%
Total Long-Term Assets $21.68B $18.67B
YoY Change 16.16% 20.43%
TOTAL ASSETS
Total Short-Term Assets $8.349B $7.027B
Total Long-Term Assets $21.68B $18.67B
Total Assets $98.60B $96.78B
YoY Change 1.88% 10.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.000B $2.256B
YoY Change 32.98% -19.43%
Accrued Expenses $1.836B $1.794B
YoY Change 2.34% 9.26%
Deferred Revenue
YoY Change
Short-Term Debt $430.0M $255.0M
YoY Change 68.63% -47.96%
Long-Term Debt Due $2.649B $2.285B
YoY Change 15.93% -3.34%
Total Short-Term Liabilities $12.81B $11.60B
YoY Change 10.37% 10.98%
LONG-TERM LIABILITIES
Long-Term Debt $27.05B $30.35B
YoY Change -10.87% 7.63%
Other Long-Term Liabilities $1.214B $2.115B
YoY Change -42.6% 0.0%
Total Long-Term Liabilities $21.41B $27.51B
YoY Change -22.18% 13.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.81B $11.60B
Total Long-Term Liabilities $21.41B $27.51B
Total Liabilities $34.22B $39.12B
YoY Change -12.52% 12.4%
SHAREHOLDERS EQUITY
Retained Earnings $23.94B $17.30B
YoY Change 38.36% 16.11%
Common Stock $10.48B $9.051B
YoY Change 15.73% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.25B $26.40B
YoY Change
Total Liabilities & Shareholders Equity $98.60B $96.78B
YoY Change 1.88% 10.15%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $1.005B $846.0M
YoY Change 18.79% 12.35%
Depreciation, Depletion And Amortization $1.183B $1.138B
YoY Change 3.95% 6.36%
Cash From Operating Activities $2.295B $2.164B
YoY Change 6.05% 6.92%
INVESTING ACTIVITIES
Capital Expenditures -$1.729B -$1.078B
YoY Change 60.39% 10.91%
Acquisitions
YoY Change
Other Investing Activities -$1.477B -$264.0M
YoY Change 459.47% -54.01%
Cash From Investing Activities -$3.206B -$1.342B
YoY Change 138.9% -13.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 882.0M 68.00M
YoY Change 1197.06% -112.9%
NET CHANGE
Cash From Operating Activities 2.295B 2.164B
Cash From Investing Activities -3.206B -1.342B
Cash From Financing Activities 882.0M 68.00M
Net Change In Cash -29.00M 890.0M
YoY Change -103.26% -1916.33%
FREE CASH FLOW
Cash From Operating Activities $2.295B $2.164B
Capital Expenditures -$1.729B -$1.078B
Free Cash Flow $4.024B $3.242B
YoY Change 24.12% 8.21%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Payments Of Dividends
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us-gaap Proceeds From Repayments Of Commercial Paper
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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4100000 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4300000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3900000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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472000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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471700000 shares

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