2016 Form 10-K Financial Statement

#000141332917000014 Filed on February 14, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $74.95B $18.37B $19.42B
YoY Change 1.41% -7.87% -8.97%
Cost Of Revenue $9.391B $2.375B $2.383B
YoY Change 0.28% -9.76% -12.84%
Gross Profit $17.29B $4.017B $4.544B
YoY Change -0.77% -12.0% -11.28%
Gross Profit Margin 23.07% 21.87% 23.4%
Selling, General & Admin $6.317B $2.028B $1.566B
YoY Change -5.09% 2.68% -11.17%
% of Gross Profit 36.53% 50.49% 34.46%
Research & Development $429.0M
YoY Change 1.42%
% of Gross Profit 2.48%
Depreciation & Amortization $669.0M $193.0M $184.0M
YoY Change -0.45% -15.72% -21.03%
% of Gross Profit 3.87% 4.8% 4.05%
Operating Expenses $429.0M $2.048B $1.585B
YoY Change 1.42% 2.35% -11.25%
Operating Profit $10.90B $1.969B $2.959B
YoY Change 2.64% -23.21% -11.54%
Interest Expense $1.069B -$227.0M -$247.0M
YoY Change -5.57% -13.69% -7.49%
% of Operating Profit 9.8% -11.53% -8.35%
Other Income/Expense, Net -$88.00M
YoY Change
Pretax Income $9.924B $1.674B $2.712B
YoY Change 3.21% -26.22% -11.89%
Income Tax $2.768B $412.0M $748.0M
% Of Pretax Income 27.89% 24.61% 27.58%
Net Earnings $6.967B $1.249B $1.942B
YoY Change 1.37% -22.52% -9.88%
Net Earnings / Revenue 9.3% 6.8% 10.0%
Basic Earnings Per Share $4.48 $0.80 $1.25
Diluted Earnings Per Share $4.48 $0.80 $1.25
COMMON SHARES
Basic Shares Outstanding 1.551B shares 1.549B shares 1.549B shares
Diluted Shares Outstanding 1.551B shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.239B $3.417B $2.393B
YoY Change 24.06% 103.15% 17.13%
Cash & Equivalents $4.239B $3.417B $2.393B
Short-Term Investments
Other Short-Term Assets $853.0M $648.0M $804.0M
YoY Change -24.91% -3.71% 40.31%
Inventory $9.017B $8.473B $7.207B
Prepaid Expenses
Receivables $3.499B $2.778B $3.322B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.61B $15.80B $14.11B
YoY Change 11.41% 2.07% -4.4%
LONG-TERM ASSETS
Property, Plant & Equipment $6.064B $5.721B $5.600B
YoY Change 6.0% -5.77% -10.73%
Goodwill $7.415B $7.404B
YoY Change -11.6% -14.96%
Intangibles $2.623B $2.621B
YoY Change -12.13% -16.37%
Long-Term Investments $1.011B $890.0M $919.0M
YoY Change 13.6% -17.82% -32.97%
Other Assets $2.374B $1.143B $1.355B
YoY Change 57.95% -2.81% 17.32%
Total Long-Term Assets $19.24B $18.15B $17.90B
YoY Change 6.01% -7.87% -13.28%
TOTAL ASSETS
Total Short-Term Assets $17.61B $15.80B $14.11B
Total Long-Term Assets $19.24B $18.15B $17.90B
Total Assets $36.85B $33.96B $32.01B
YoY Change 8.53% -3.5% -9.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.666B $1.289B $1.237B
YoY Change 29.25% 3.78% -1.43%
Accrued Expenses $9.005B $8.047B $6.889B
YoY Change 11.91% -4.46% -12.44%
Deferred Revenue
YoY Change
Short-Term Debt $643.0M $825.0M $1.007B
YoY Change -22.06% -31.71% -51.84%
Long-Term Debt Due $2.573B $2.405B $2.100B
YoY Change 6.99% 82.47% 54.75%
Total Short-Term Liabilities $16.47B $15.39B $14.10B
YoY Change 7.03% 1.81% -6.71%
LONG-TERM LIABILITIES
Long-Term Debt $25.85B $25.25B $25.80B
YoY Change 2.38% -6.23% 1.59%
Other Long-Term Liabilities $3.536B $687.0M $660.0M
YoY Change 8.7% 14.88% 8.73%
Total Long-Term Liabilities $29.39B $687.0M $660.0M
YoY Change 3.1% 14.88% 8.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.47B $15.39B $14.10B
Total Long-Term Liabilities $29.39B $687.0M $660.0M
Total Liabilities $49.54B $45.43B $44.24B
YoY Change 4.96% -2.07% 0.36%
SHAREHOLDERS EQUITY
Retained Earnings $29.84B $30.18B
YoY Change 2.03% 3.38%
Common Stock $1.929B $783.0M
YoY Change 171.69% 13.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.61B $35.62B
YoY Change -0.42% 1.84%
Treasury Stock Shares 560.0M shares 560.0M shares
Shareholders Equity -$12.69B -$13.24B -$13.58B
YoY Change
Total Liabilities & Shareholders Equity $36.85B $33.96B $32.01B
YoY Change 8.53% -3.5% -9.58%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $6.967B $1.249B $1.942B
YoY Change 1.37% -22.52% -9.88%
Depreciation, Depletion And Amortization $669.0M $193.0M $184.0M
YoY Change -0.45% -15.72% -21.03%
Cash From Operating Activities $8.077B $1.872B $2.693B
YoY Change 2.7% 38.26% -9.17%
INVESTING ACTIVITIES
Capital Expenditures $1.172B -$324.0M -$223.0M
YoY Change 22.08% -7.16% -24.66%
Acquisitions $0.00
YoY Change
Other Investing Activities -$84.00M $4.000M $59.00M
YoY Change 23.53% -96.83% -11.94%
Cash From Investing Activities -$834.0M -$320.0M -$164.0M
YoY Change 17.8% 43.5% -28.38%
FINANCING ACTIVITIES
Cash Dividend Paid $6.378B
YoY Change 2.05%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $2.393B
YoY Change 94.71%
Cash From Financing Activities -$5.413B -275.0M -1.821B
YoY Change 14.29% -78.47% -12.24%
NET CHANGE
Cash From Operating Activities $8.077B 1.872B 2.693B
Cash From Investing Activities -$834.0M -320.0M -164.0M
Cash From Financing Activities -$5.413B -275.0M -1.821B
Net Change In Cash $865.0M 1.277B 708.0M
YoY Change -64.27% -974.66% 7.11%
FREE CASH FLOW
Cash From Operating Activities $8.077B $1.872B $2.693B
Capital Expenditures $1.172B -$324.0M -$223.0M
Free Cash Flow $6.905B $2.196B $2.916B
YoY Change 0.0% 28.95% -10.58%

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CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
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160000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
-13244000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-12688000000 USD
CY2015Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
22369000000 USD
CY2016Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
22802000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-11476000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10900000000 USD
CY2014 us-gaap Stockholders Equity Other
StockholdersEquityOther
-6000000 USD
CY2016 us-gaap Stockholders Equity Other
StockholdersEquityOther
-4000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
559972262 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
557930784 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
35613000000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
35490000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3800000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
114000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
123000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
88000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
79000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
42000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
40000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
28000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
15000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
19000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-13000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
20000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
17000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
13000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
11000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
6000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
7000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
14000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
47000000 USD
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1566000000 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1549000000 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1551000000 shares

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