2018 Q1 Form 10-Q Financial Statement

#000002998918000007 Filed on April 17, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $3.630B $3.587B
YoY Change 1.18% 2.52%
Cost Of Revenue $3.033B $2.990B
YoY Change 1.43% 2.25%
Gross Profit $596.5M $597.0M
YoY Change -0.08% 3.93%
Gross Profit Margin 16.43% 16.64%
Selling, General & Admin $105.4M $108.6M
YoY Change -2.95% 0.46%
% of Gross Profit 17.67% 18.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.90M $42.30M
YoY Change -0.95% -7.84%
% of Gross Profit 7.02% 7.09%
Operating Expenses $3.208B $3.172B
YoY Change 1.14% 2.08%
Operating Profit $421.7M $415.7M
YoY Change 1.44% 6.02%
Interest Expense $62.30M $59.30M
YoY Change 5.06% 17.89%
% of Operating Profit 14.77% 14.27%
Other Income/Expense, Net
YoY Change
Pretax Income $374.8M $370.3M
YoY Change 1.22% 5.2%
Income Tax $90.90M $108.0M
% Of Pretax Income 24.25% 29.17%
Net Earnings $264.1M $241.8M
YoY Change 9.22% 10.71%
Net Earnings / Revenue 7.28% 6.74%
Basic Earnings Per Share $1.15 $1.03
Diluted Earnings Per Share $1.14 $1.02
COMMON SHARES
Basic Shares Outstanding 230.2M shares 234.6M shares
Diluted Shares Outstanding 231.5M shares 236.5M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.570B $2.486B
YoY Change 3.38% 42.06%
Cash & Equivalents $2.568B $2.442B
Short-Term Investments $2.000M $44.00M
Other Short-Term Assets $1.192B $1.097B
YoY Change 8.68% -1.44%
Inventory $1.350B
Prepaid Expenses
Receivables $7.199B $6.797B
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.34B $11.73B
YoY Change 5.2% 11.22%
LONG-TERM ASSETS
Property, Plant & Equipment $691.7M $678.2M
YoY Change 1.99% -1.72%
Goodwill $9.635B $9.075B
YoY Change 6.17% 0.34%
Intangibles $424.7M $414.1M
YoY Change 2.56% 3.27%
Long-Term Investments $122.4M $117.7M
YoY Change 3.99% -14.65%
Other Assets $300.4M $223.3M
YoY Change 34.53% -10.36%
Total Long-Term Assets $11.17B $10.51B
YoY Change 6.34% -0.13%
TOTAL ASSETS
Total Short-Term Assets $12.34B $11.73B
Total Long-Term Assets $11.17B $10.51B
Total Assets $23.51B $22.24B
YoY Change 5.74% 5.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.16B $9.454B
YoY Change 7.46% 12.46%
Accrued Expenses
YoY Change
Deferred Revenue $1.214B $1.177B
YoY Change 3.2%
Short-Term Debt $8.600M $28.60M
YoY Change -69.93% -26.29%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $13.60B $13.07B
YoY Change 4.05% 1.01%
LONG-TERM LIABILITIES
Long-Term Debt $4.885B $4.915B
YoY Change -0.61% 36.04%
Other Long-Term Liabilities $1.183B $936.8M
YoY Change 26.26% 2.29%
Total Long-Term Liabilities $1.183B $936.8M
YoY Change 26.26% 2.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.60B $13.07B
Total Long-Term Liabilities $1.183B $936.8M
Total Liabilities $14.78B $14.01B
YoY Change 5.53% 1.09%
SHAREHOLDERS EQUITY
Retained Earnings $6.360B $5.758B
YoY Change 10.45% -43.96%
Common Stock $877.6M $868.5M
YoY Change 1.05% -0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.736B $3.239B
YoY Change 15.35% -58.59%
Treasury Stock Shares
Shareholders Equity $2.626B $2.135B
YoY Change
Total Liabilities & Shareholders Equity $23.51B $22.24B
YoY Change 5.74% 5.55%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $264.1M $241.8M
YoY Change 9.22% 10.71%
Depreciation, Depletion And Amortization $41.90M $42.30M
YoY Change -0.95% -7.84%
Cash From Operating Activities -$620.8M -$195.3M
YoY Change 217.87% -56.98%
INVESTING ACTIVITIES
Capital Expenditures $36.20M $32.10M
YoY Change 12.77% -22.46%
Acquisitions
YoY Change
Other Investing Activities -$171.3M -$13.10M
YoY Change 1207.63% 11.97%
Cash From Investing Activities -$207.5M -$45.20M
YoY Change 359.07% -61.13%
FINANCING ACTIVITIES
Cash Dividend Paid $138.9M $130.8M
YoY Change 6.19% 7.04%
Common Stock Issuance & Retirement, Net $232.7M $234.7M
YoY Change -0.85% 13.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$426.9M -$386.6M
YoY Change 10.42% 5.8%
NET CHANGE
Cash From Operating Activities -$620.8M -$195.3M
Cash From Investing Activities -$207.5M -$45.20M
Cash From Financing Activities -$426.9M -$386.6M
Net Change In Cash -$1.255B -$627.1M
YoY Change 100.16% -32.98%
FREE CASH FLOW
Cash From Operating Activities -$620.8M -$195.3M
Capital Expenditures $36.20M $32.10M
Free Cash Flow -$657.0M -$227.4M
YoY Change 188.92% -54.1%

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2000000 USD
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0 USD
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0 USD
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100000 USD
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300000 USD
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100000 USD
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CY2018Q1 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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CY2018Q1 us-gaap Preferred Stock Value
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1900000 shares
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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230200000 shares

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