2016 Q1 Form 10-Q Financial Statement

#000002998916000025 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $3.499B $3.469B
YoY Change 0.86% -0.94%
Cost Of Revenue $2.925B $2.915B
YoY Change 0.33% 11.15%
Gross Profit $574.4M $554.0M
YoY Change 3.68% -37.0%
Gross Profit Margin 16.42% 15.97%
Selling, General & Admin $108.1M $102.1M
YoY Change 5.88% -79.15%
% of Gross Profit 18.82% 18.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.90M $46.90M
YoY Change -2.13% 0.86%
% of Gross Profit 7.99% 8.47%
Operating Expenses $3.107B $3.092B
YoY Change 0.5% -0.9%
Operating Profit $392.1M $377.7M
YoY Change 3.81% -1.31%
Interest Expense $50.30M $43.60M
YoY Change 15.37% -8.6%
% of Operating Profit 12.83% 11.54%
Other Income/Expense, Net
YoY Change
Pretax Income $352.0M $343.5M
YoY Change 2.47% -0.06%
Income Tax $115.5M $112.7M
% Of Pretax Income 32.81% 32.81%
Net Earnings $218.4M $209.1M
YoY Change 4.45% 1.75%
Net Earnings / Revenue 6.24% 6.03%
Basic Earnings Per Share $0.90 $0.84
Diluted Earnings Per Share $0.90 $0.83
COMMON SHARES
Basic Shares Outstanding 240.0M shares 246.4M shares
Diluted Shares Outstanding 241.1M shares 247.4M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.750B $1.532B
YoY Change 14.23% -26.66%
Cash & Equivalents $1.747B $1.527B
Short-Term Investments $3.000M $6.000M
Other Short-Term Assets $1.113B $1.122B
YoY Change -0.86% 13.08%
Inventory $1.362B $1.410B
Prepaid Expenses
Receivables $6.321B $5.840B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.55B $9.905B
YoY Change 6.47% -6.35%
LONG-TERM ASSETS
Property, Plant & Equipment $690.1M $681.5M
YoY Change 1.26% -6.9%
Goodwill $9.044B $8.640B
YoY Change 4.68% -3.86%
Intangibles $401.0M $367.2M
YoY Change 9.2% -4.55%
Long-Term Investments $137.9M $142.2M
YoY Change -3.02% 6.52%
Other Assets $249.1M $335.4M
YoY Change -25.73% 22.23%
Total Long-Term Assets $10.52B $10.17B
YoY Change 3.5% -3.28%
TOTAL ASSETS
Total Short-Term Assets $10.55B $9.905B
Total Long-Term Assets $10.52B $10.17B
Total Assets $21.07B $20.07B
YoY Change 4.97% -4.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.406B $7.850B
YoY Change 7.08% 6.04%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $38.80M $9.600M
YoY Change 304.17% 28.0%
Long-Term Debt Due $1.000B $300.0K
YoY Change 333300.0% -99.88%
Total Short-Term Liabilities $12.94B $11.02B
YoY Change 17.4% -3.73%
LONG-TERM LIABILITIES
Long-Term Debt $3.613B $4.594B
YoY Change -21.35% 21.57%
Other Long-Term Liabilities $915.8M $802.6M
YoY Change 14.1% 12.57%
Total Long-Term Liabilities $915.8M $802.6M
YoY Change 14.1% 12.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.94B $11.02B
Total Long-Term Liabilities $915.8M $802.6M
Total Liabilities $13.86B $11.82B
YoY Change 17.18% -2.78%
SHAREHOLDERS EQUITY
Retained Earnings $10.28B $9.662B
YoY Change 6.36% 6.63%
Common Stock $870.7M $911.6M
YoY Change -4.49% 0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.822B $7.247B
YoY Change 7.93% 19.2%
Treasury Stock Shares
Shareholders Equity $2.376B $2.390B
YoY Change
Total Liabilities & Shareholders Equity $21.07B $20.07B
YoY Change 4.97% -4.82%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $218.4M $209.1M
YoY Change 4.45% 1.75%
Depreciation, Depletion And Amortization $45.90M $46.90M
YoY Change -2.13% 0.86%
Cash From Operating Activities -$454.0M -$238.0M
YoY Change 90.76% -44.69%
INVESTING ACTIVITIES
Capital Expenditures $41.40M $38.20M
YoY Change 8.38% -10.12%
Acquisitions
YoY Change
Other Investing Activities -$11.70M $3.900M
YoY Change -400.0%
Cash From Investing Activities -$116.3M -$64.90M
YoY Change 79.2% 52.71%
FINANCING ACTIVITIES
Cash Dividend Paid $122.2M $126.2M
YoY Change -3.17% 19.17%
Common Stock Issuance & Retirement, Net $207.1M $270.7M
YoY Change -23.49% 1124.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$365.4M -$418.5M
YoY Change -12.69% 166.73%
NET CHANGE
Cash From Operating Activities -$454.0M -$238.0M
Cash From Investing Activities -$116.3M -$64.90M
Cash From Financing Activities -$365.4M -$418.5M
Net Change In Cash -$935.7M -$721.4M
YoY Change 29.71% 14.56%
FREE CASH FLOW
Cash From Operating Activities -$454.0M -$238.0M
Capital Expenditures $41.40M $38.20M
Free Cash Flow -$495.4M -$276.2M
YoY Change 79.36% -41.58%

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CY2016Q1 us-gaap Profit Loss
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CY2015Q1 us-gaap Revenues
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q1 us-gaap Stockholders Equity
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CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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246400000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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240000000 shares

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