2017 Q4 Form 10-K Financial Statement

#000070216518000011 Filed on February 05, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $2.669B $2.670B $2.637B
YoY Change 7.19% 5.78% 7.46%
Cost Of Revenue $1.438B $1.442B $1.427B
YoY Change -1.3% 5.1% 5.55%
Gross Profit $1.231B $1.228B $1.210B
YoY Change 19.17% 6.6% 9.8%
Gross Profit Margin 46.12% 45.99% 45.89%
Selling, General & Admin $68.00M $74.00M
YoY Change -8.11% -1.33%
% of Gross Profit 5.54% 6.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $268.0M $265.0M $264.0M
YoY Change 3.08% 2.32% 2.33%
% of Gross Profit 21.77% 21.58% 21.82%
Operating Expenses $233.0M $1.775B $1.765B
YoY Change -30.86% 4.17% 4.81%
Operating Profit $998.0M $895.0M $872.0M
YoY Change 31.14% 9.15% 13.25%
Interest Expense -$134.0M $134.0M $140.0M
YoY Change -5.63% -6.94% 1.45%
% of Operating Profit -13.43% 14.97% 16.06%
Other Income/Expense, Net $29.00M $39.00M $48.00M
YoY Change -66.67% 34.48% 1100.0%
Pretax Income $893.0M $800.0M $780.0M
YoY Change 39.31% 13.48% 22.64%
Income Tax $256.0M $294.0M $283.0M
% Of Pretax Income 28.67% 36.75% 36.28%
Net Earnings $3.968B $506.0M $497.0M
YoY Change 853.85% 10.0% 22.72%
Net Earnings / Revenue 148.67% 18.95% 18.85%
Basic Earnings Per Share $13.91 $1.76 $1.72
Diluted Earnings Per Share $13.79 $1.75 $1.71
COMMON SHARES
Basic Shares Outstanding 287.1M shares 289.0M shares
Diluted Shares Outstanding 289.5M shares 291.2M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $690.0M $724.0M $642.0M
YoY Change -27.82% -26.42% -25.87%
Cash & Equivalents $690.0M $724.0M $642.0M
Short-Term Investments
Other Short-Term Assets $282.0M $57.00M $79.00M
YoY Change 112.03% -20.83% -3.66%
Inventory $222.0M $245.0M $289.0M
Prepaid Expenses
Receivables $955.0M $973.0M $926.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.149B $1.999B $1.936B
YoY Change -6.2% -13.72% -13.53%
LONG-TERM ASSETS
Property, Plant & Equipment $30.33B $30.16B $30.03B
YoY Change 1.95% 2.36% 2.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.425B $2.888B $2.848B
YoY Change 11.44% 3.92% 7.92%
Other Assets $251.0M $103.0M $105.0M
YoY Change 243.84% 49.28% 52.17%
Total Long-Term Assets $33.56B $33.15B $32.99B
YoY Change 2.95% 2.6% 2.78%
TOTAL ASSETS
Total Short-Term Assets $2.149B $1.999B $1.936B
Total Long-Term Assets $33.56B $33.15B $32.99B
Total Assets $35.71B $35.15B $34.92B
YoY Change 2.35% 1.5% 1.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.401B $1.287B $1.223B
YoY Change 15.31% 13.79% 12.72%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0M $0.00 $0.00
YoY Change 0.0%
Long-Term Debt Due $600.0M $600.0M $600.0M
YoY Change 9.09% 9.09% 9.09%
Total Short-Term Liabilities $2.545B $2.413B $2.343B
YoY Change 8.81% 8.11% 11.2%
LONG-TERM LIABILITIES
Long-Term Debt $9.136B $9.280B $9.273B
YoY Change -4.46% -2.88% -2.89%
Other Long-Term Liabilities $1.347B $1.366B $1.385B
YoY Change -6.59% 3.33% 1.99%
Total Long-Term Liabilities $1.347B $1.366B $1.385B
YoY Change -6.59% 3.33% 1.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.545B $2.413B $2.343B
Total Long-Term Liabilities $1.347B $1.366B $1.385B
Total Liabilities $19.35B $22.43B $22.26B
YoY Change -13.93% 0.85% 0.9%
SHAREHOLDERS EQUITY
Retained Earnings $14.18B $10.67B $10.62B
YoY Change 35.98% 2.87% 3.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.00M
YoY Change 0.0%
Treasury Stock Shares 20.32M shares
Shareholders Equity $16.36B $12.73B $12.66B
YoY Change
Total Liabilities & Shareholders Equity $35.71B $35.15B $34.92B
YoY Change 2.35% 1.5% 1.71%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $3.968B $506.0M $497.0M
YoY Change 853.85% 10.0% 22.72%
Depreciation, Depletion And Amortization $268.0M $265.0M $264.0M
YoY Change 3.08% 2.32% 2.33%
Cash From Operating Activities $788.0M $889.0M $730.0M
YoY Change 9.14% 1.02% 32.01%
INVESTING ACTIVITIES
Capital Expenditures -$408.0M -$432.0M -$445.0M
YoY Change -30.02% 16.13% -16.67%
Acquisitions
YoY Change
Other Investing Activities $101.0M $82.00M $25.00M
YoY Change 24.69% -278.26% -16.67%
Cash From Investing Activities -$307.0M -$350.0M -$420.0M
YoY Change -38.84% -16.27% -16.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -515.0M -457.0M -623.0M
YoY Change 107.66% 32.85% -373.25%
NET CHANGE
Cash From Operating Activities 788.0M 889.0M 730.0M
Cash From Investing Activities -307.0M -350.0M -420.0M
Cash From Financing Activities -515.0M -457.0M -623.0M
Net Change In Cash -34.00M 82.00M -313.0M
YoY Change 21.43% -30.51% -213.0%
FREE CASH FLOW
Cash From Operating Activities $788.0M $889.0M $730.0M
Capital Expenditures -$408.0M -$432.0M -$445.0M
Free Cash Flow $1.196B $1.321B $1.175B
YoY Change -8.35% 5.51% 8.1%

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CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2017Q4 us-gaap Deferred Tax Liabilities
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CY2017 us-gaap Defined Contribution Plan Cost Recognized
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CY2017 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
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10000000 USD
CY2017 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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CY2015 us-gaap Dividends Common Stock Cash
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CY2016 us-gaap Earnings Per Share Basic
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CY2017Q4 us-gaap Earnings Per Share Basic
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CY2016Q3 us-gaap Earnings Per Share Diluted
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CY2016Q4 us-gaap Earnings Per Share Diluted
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1.42
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
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EarningsPerShareDiluted
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1.75
CY2017Q4 us-gaap Earnings Per Share Diluted
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CY2017 us-gaap Earnings Per Share Diluted
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18.61
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CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.028
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CY2016Q4 us-gaap Equity Method Investments
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CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2015 us-gaap Fuel Costs
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CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2017 us-gaap Fuel Costs
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CY2015 us-gaap Gain Loss On Disposition Of Assets
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InterestExpense
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10000000 USD
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171000000 USD
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550000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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600000000 USD
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314000000 USD
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222000000 USD
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32000000 USD
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3253000000 USD
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1550000000 USD
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5400000000 USD
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CY2017 us-gaap Operating Expenses
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CY2016Q4 us-gaap Operating Income Loss
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CY2017 us-gaap Operating Income Loss
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660000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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69000000 USD
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60000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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51000000 USD
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55000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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66000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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359000000 USD
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OperatingLeasesRentExpenseContingentRentals
84000000 USD
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OperatingLeasesRentExpenseContingentRentals
73000000 USD
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
79000000 USD
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OperatingLeasesRentExpenseMinimumRentals
111000000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
98000000 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
90000000 USD
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nsc201610-kexhibit122.htm Edgar Link pending
nsc201610-kexhibit232.htm Edgar Link pending
nsc201610-kexhibit31a2.htm Edgar Link pending
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