2016 Q4 Form 10-Q Financial Statement

#000119312517037023 Filed on February 10, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $2.116B $2.161B
YoY Change -2.08% -4.3%
Cost Of Revenue $1.126B $1.193B
YoY Change -5.62% -4.64%
Gross Profit $990.0M $968.0M
YoY Change 2.27% -3.87%
Gross Profit Margin 46.79% 44.79%
Selling, General & Admin $665.0M $688.0M
YoY Change -3.34% 5.04%
% of Gross Profit 67.17% 71.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.0M $123.0M
YoY Change -2.44% -3.15%
% of Gross Profit 12.12% 12.71%
Operating Expenses $665.0M $688.0M
YoY Change -3.34% 5.04%
Operating Profit $325.0M $280.0M
YoY Change 16.07% -20.45%
Interest Expense $15.00M $11.00M
YoY Change 36.36% -15.38%
% of Operating Profit 4.62% 3.93%
Other Income/Expense, Net $123.0M -$6.000M
YoY Change -2150.0% -160.0%
Pretax Income -$251.0M $155.0M
YoY Change -261.94% -37.25%
Income Tax -$32.00M $49.00M
% Of Pretax Income 31.61%
Net Earnings -$289.0M $63.00M
YoY Change -558.73% 0.0%
Net Earnings / Revenue -13.66% 2.92%
Basic Earnings Per Share -$0.50 -$0.03
Diluted Earnings Per Share -$0.50 $0.11
COMMON SHARES
Basic Shares Outstanding 581.4M shares 581.2M shares
Diluted Shares Outstanding 581.4M shares 582.7M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.564B $1.883B
YoY Change -16.94% -1.82%
Cash & Equivalents $1.564B $1.883B
Short-Term Investments
Other Short-Term Assets $499.0M $503.0M
YoY Change -0.8% -20.03%
Inventory $226.0M $254.0M
Prepaid Expenses
Receivables $1.528B $1.349B
Other Receivables $53.00M $60.00M
Total Short-Term Assets $3.591B $3.795B
YoY Change -5.38% -6.34%
LONG-TERM ASSETS
Property, Plant & Equipment $1.981B $2.554B
YoY Change -22.44% -9.08%
Goodwill $3.791B $3.090B
YoY Change 22.69% -12.88%
Intangibles $2.298B $2.164B
YoY Change 6.19% -9.04%
Long-Term Investments $1.432B $1.959B
YoY Change -26.9% -6.71%
Other Assets $385.0M $984.0M
YoY Change -60.87% 37.24%
Total Long-Term Assets $10.94B $11.08B
YoY Change -1.3% -7.03%
TOTAL ASSETS
Total Short-Term Assets $3.591B $3.795B
Total Long-Term Assets $10.94B $11.08B
Total Assets $14.53B $14.88B
YoY Change -2.34% -6.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $240.0M $248.0M
YoY Change -3.23% -22.5%
Accrued Expenses $1.121B $1.108B
YoY Change 1.17% -2.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $87.00M
YoY Change
Total Short-Term Liabilities $2.325B $2.096B
YoY Change 10.93% -10.0%
LONG-TERM LIABILITIES
Long-Term Debt $268.0M $0.00
YoY Change
Other Long-Term Liabilities $331.0M $344.0M
YoY Change -3.78% 12.05%
Total Long-Term Liabilities $599.0M $344.0M
YoY Change 74.13% 12.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.325B $2.096B
Total Long-Term Liabilities $599.0M $344.0M
Total Liabilities $2.924B $2.440B
YoY Change 19.84% -7.44%
SHAREHOLDERS EQUITY
Retained Earnings -$213.0M $268.0M
YoY Change -179.48% -39.64%
Common Stock $12.45B $12.44B
YoY Change 0.08% 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.96B $11.79B
YoY Change
Total Liabilities & Shareholders Equity $14.53B $14.88B
YoY Change -2.34% -6.86%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income -$289.0M $63.00M
YoY Change -558.73% 0.0%
Depreciation, Depletion And Amortization $120.0M $123.0M
YoY Change -2.44% -3.15%
Cash From Operating Activities $272.0M $200.0M
YoY Change 36.0% -32.43%
INVESTING ACTIVITIES
Capital Expenditures -$59.00M -$57.00M
YoY Change 3.51% 1.79%
Acquisitions
YoY Change
Other Investing Activities -$48.00M -$107.0M
YoY Change -55.14% -88.11%
Cash From Investing Activities -$107.0M -$164.0M
YoY Change -34.76% -82.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.00M -62.00M
YoY Change 0.0% -52.31%
NET CHANGE
Cash From Operating Activities 272.0M 200.0M
Cash From Investing Activities -107.0M -164.0M
Cash From Financing Activities -62.00M -62.00M
Net Change In Cash 103.0M -26.00M
YoY Change -496.15% -96.71%
FREE CASH FLOW
Cash From Operating Activities $272.0M $200.0M
Capital Expenditures -$59.00M -$57.00M
Free Cash Flow $331.0M $257.0M
YoY Change 28.79% -26.99%

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