2017 Q4 Form 10-Q Financial Statement

#000002998917000024 Filed on October 17, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $4.177B $3.720B $3.791B
YoY Change -1.54% -1.89% 2.28%
Cost Of Revenue $3.043B $3.081B $3.161B
YoY Change -2.31% -2.52% 1.87%
Gross Profit $1.134B $638.3M $630.3M
YoY Change 0.59% 1.27% 4.39%
Gross Profit Margin 27.15% 17.16% 16.63%
Selling, General & Admin $437.8M $99.50M $104.1M
YoY Change 1.53% -4.42% 0.39%
% of Gross Profit 38.61% 15.59% 16.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.70M $68.60M $73.10M
YoY Change -3.99% -6.16% 1.95%
% of Gross Profit 6.15% 10.75% 11.6%
Operating Expenses $3.550B $3.249B $3.338B
YoY Change -2.47% -2.66% 1.82%
Operating Profit $626.5M $470.2M $453.1M
YoY Change 4.09% 3.77% 5.79%
Interest Expense -$49.90M $65.00M $52.90M
YoY Change -19.12% 22.87% 16.01%
% of Operating Profit -7.96% 13.82% 11.68%
Other Income/Expense, Net
YoY Change
Pretax Income $576.5M $417.8M $411.1M
YoY Change 2.62% 1.63% 4.77%
Income Tax $183.2M $132.0M $134.3M
% Of Pretax Income 31.78% 31.59% 32.67%
Net Earnings $254.4M $263.6M $253.8M
YoY Change -27.38% 3.86% 6.06%
Net Earnings / Revenue 6.09% 7.09% 6.69%
Basic Earnings Per Share $1.10 $1.14 $1.06
Diluted Earnings Per Share $1.09 $1.13 $1.06
COMMON SHARES
Basic Shares Outstanding 230.5M shares 231.2M shares 237.4M shares
Diluted Shares Outstanding 232.7M shares 238.7M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.796B $1.851B $1.969B
YoY Change 25.57% -5.99% 37.69%
Cash & Equivalents $3.796B $1.843B $1.937B
Short-Term Investments $0.00 $8.000M $33.00M
Other Short-Term Assets $1.125B $1.063B $1.019B
YoY Change 5.85% 4.3% -3.3%
Inventory $1.111B $1.458B $1.355B
Prepaid Expenses
Receivables $8.084B $7.046B $6.489B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.12B $11.42B $10.83B
YoY Change 10.96% 5.41% 5.65%
LONG-TERM ASSETS
Property, Plant & Equipment $690.9M $690.5M $678.9M
YoY Change 2.39% 1.71% -1.79%
Goodwill $9.338B $9.323B $9.046B
YoY Change 4.03% 3.06% 4.19%
Intangibles $368.4M $390.4M $443.4M
YoY Change -13.8% -11.95% 30.84%
Long-Term Investments $120.3M $129.1M $137.2M
YoY Change -0.08% -5.9% 0.51%
Other Assets $298.1M $257.1M $264.4M
YoY Change 21.82% -2.76% -25.54%
Total Long-Term Assets $10.82B $10.79B $10.57B
YoY Change 3.56% 2.08% 3.58%
TOTAL ASSETS
Total Short-Term Assets $14.12B $11.42B $10.83B
Total Long-Term Assets $10.82B $10.79B $10.57B
Total Assets $24.93B $22.21B $21.40B
YoY Change 7.62% 3.76% 4.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.57B $9.428B $8.817B
YoY Change 10.48% 6.93% 5.77%
Accrued Expenses
YoY Change
Deferred Revenue $1.267B $1.133B
YoY Change
Short-Term Debt $11.80M $38.70M $25.00M
YoY Change -58.89% 54.8% 157.73%
Long-Term Debt Due $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -99.98%
Total Short-Term Liabilities $15.11B $12.62B $11.96B
YoY Change 7.84% 5.52% -3.44%
LONG-TERM LIABILITIES
Long-Term Debt $4.913B $4.927B $5.007B
YoY Change -0.16% -1.6% 39.01%
Other Long-Term Liabilities $1.091B $954.7M $849.4M
YoY Change 22.29% 12.4% 9.94%
Total Long-Term Liabilities $1.091B $954.7M $849.4M
YoY Change 22.29% 12.4% 9.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.11B $12.62B $11.96B
Total Long-Term Liabilities $1.091B $954.7M $849.4M
Total Liabilities $16.20B $13.58B $12.81B
YoY Change 8.7% 5.98% -2.66%
SHAREHOLDERS EQUITY
Retained Earnings $6.211B $6.095B $10.59B
YoY Change 9.4% -42.46% 6.26%
Common Stock $872.9M $853.6M $847.2M
YoY Change 3.56% 0.76% -7.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.505B $3.468B $8.027B
YoY Change 16.76% -56.8% 8.09%
Treasury Stock Shares 67.10M shares
Shareholders Equity $2.615B $2.523B $2.324B
YoY Change
Total Liabilities & Shareholders Equity $24.93B $22.21B $21.40B
YoY Change 7.62% 3.76% 4.62%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $254.4M $263.6M $253.8M
YoY Change -27.38% 3.86% 6.06%
Depreciation, Depletion And Amortization $69.70M $68.60M $73.10M
YoY Change -3.99% -6.16% 1.95%
Cash From Operating Activities $2.180B $175.0M $713.4M
YoY Change 34.84% -75.47% 44.76%
INVESTING ACTIVITIES
Capital Expenditures -$47.70M -$40.40M -$22.60M
YoY Change -26.62% 78.76% -41.9%
Acquisitions
YoY Change
Other Investing Activities $9.800M $24.90M $197.4M
YoY Change -131.41% -87.39% -2767.57%
Cash From Investing Activities -$37.90M -$15.50M $174.8M
YoY Change -60.6% -108.87% -477.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -220.7M -219.2M -265.9M
YoY Change -31.4% -17.56% 3.83%
NET CHANGE
Cash From Operating Activities 2.180B 175.0M 713.4M
Cash From Investing Activities -37.90M -15.50M 174.8M
Cash From Financing Activities -220.7M -219.2M -265.9M
Net Change In Cash 1.921B -59.70M 622.3M
YoY Change 60.27% -109.59% 226.84%
FREE CASH FLOW
Cash From Operating Activities $2.180B $175.0M $713.4M
Capital Expenditures -$47.70M -$40.40M -$22.60M
Free Cash Flow $2.228B $215.4M $736.0M
YoY Change 32.46% -70.73% 38.42%

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