2018 Q2 Form 10-Q Financial Statement

#000002998918000012 Filed on July 17, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $3.860B $3.790B
YoY Change 1.83% -2.44%
Cost Of Revenue $3.093B $3.037B
YoY Change 1.81% -3.24%
Gross Profit $767.1M $752.7M
YoY Change 1.91% 0.94%
Gross Profit Margin 19.88% 19.86%
Selling, General & Admin $117.4M $110.1M
YoY Change 6.63% -0.72%
% of Gross Profit 15.3% 14.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.40M $71.10M
YoY Change -5.2% -2.6%
% of Gross Profit 8.79% 9.45%
Operating Expenses $3.277B $3.219B
YoY Change 1.82% -3.14%
Operating Profit $582.3M $571.5M
YoY Change 1.89% 1.73%
Interest Expense $66.40M $62.80M
YoY Change 5.73% 15.65%
% of Operating Profit 11.4% 10.99%
Other Income/Expense, Net
YoY Change
Pretax Income $529.8M $520.2M
YoY Change 1.85% 0.62%
Income Tax $136.7M $166.7M
% Of Pretax Income 25.8% 32.05%
Net Earnings $364.2M $328.6M
YoY Change 10.83% 0.77%
Net Earnings / Revenue 9.44% 8.67%
Basic Earnings Per Share $1.61 $1.41
Diluted Earnings Per Share $1.60 $1.40
COMMON SHARES
Basic Shares Outstanding 226.8M shares 232.1M shares
Diluted Shares Outstanding 228.1M shares 234.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.919B $1.874B
YoY Change 2.4% 21.93%
Cash & Equivalents $1.913B $1.834B
Short-Term Investments $5.000M $40.00M
Other Short-Term Assets $1.197B $1.086B
YoY Change 10.23% 9.75%
Inventory $1.402B
Prepaid Expenses
Receivables $6.761B $7.143B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.23B $11.51B
YoY Change -2.39% 11.55%
LONG-TERM ASSETS
Property, Plant & Equipment $697.2M $687.7M
YoY Change 1.38% 0.63%
Goodwill $9.443B $9.182B
YoY Change 2.84% 1.25%
Intangibles $377.7M $392.3M
YoY Change -3.72% -14.23%
Long-Term Investments $120.3M $126.3M
YoY Change -4.75% -8.15%
Other Assets $301.6M $270.0M
YoY Change 11.7% -1.57%
Total Long-Term Assets $10.94B $10.66B
YoY Change 2.64% 0.35%
TOTAL ASSETS
Total Short-Term Assets $11.23B $11.51B
Total Long-Term Assets $10.94B $10.66B
Total Assets $22.17B $22.16B
YoY Change 0.03% 5.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.568B $9.849B
YoY Change -2.85% 15.78%
Accrued Expenses
YoY Change
Deferred Revenue $1.147B $1.141B
YoY Change 0.53%
Short-Term Debt $20.80M $19.30M
YoY Change 7.77% 67.83%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $12.62B $12.86B
YoY Change -1.91% 11.46%
LONG-TERM LIABILITIES
Long-Term Debt $4.867B $4.930B
YoY Change -1.28% -1.83%
Other Long-Term Liabilities $1.196B $930.4M
YoY Change 28.59% 13.15%
Total Long-Term Liabilities $1.196B $930.4M
YoY Change 28.59% 13.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.62B $12.86B
Total Long-Term Liabilities $1.196B $930.4M
Total Liabilities $13.81B $13.79B
YoY Change 0.15% 11.57%
SHAREHOLDERS EQUITY
Retained Earnings $6.588B $5.959B
YoY Change 10.55% -43.09%
Common Stock $856.1M $868.8M
YoY Change -1.46% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.955B $3.460B
YoY Change 14.33% -56.66%
Treasury Stock Shares
Shareholders Equity $2.321B $2.256B
YoY Change
Total Liabilities & Shareholders Equity $22.17B $22.16B
YoY Change 0.03% 5.87%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $364.2M $328.6M
YoY Change 10.83% 0.77%
Depreciation, Depletion And Amortization $67.40M $71.10M
YoY Change -5.2% -2.6%
Cash From Operating Activities $47.90M -$135.7M
YoY Change -135.3% -277.85%
INVESTING ACTIVITIES
Capital Expenditures -$53.60M -$35.80M
YoY Change 49.72% -1.92%
Acquisitions
YoY Change
Other Investing Activities -$32.00M $19.00M
YoY Change -268.42% -104.66%
Cash From Investing Activities -$85.60M -$16.80M
YoY Change 409.52% -96.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -475.5M -516.1M
YoY Change -7.87% 1039.29%
NET CHANGE
Cash From Operating Activities 47.90M -135.7M
Cash From Investing Activities -85.60M -16.80M
Cash From Financing Activities -475.5M -516.1M
Net Change In Cash -513.2M -668.6M
YoY Change -23.24% 61.93%
FREE CASH FLOW
Cash From Operating Activities $47.90M -$135.7M
Capital Expenditures -$53.60M -$35.80M
Free Cash Flow $101.5M -$99.90M
YoY Change -201.6% -188.56%

Facts In Submission

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