2017 Q4 Form 10-K Financial Statement

#000141332918000007 Filed on February 13, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $21.59B $20.64B $19.32B
YoY Change 12.49% 3.53% 1.46%
Cost Of Revenue $3.001B $2.735B $2.519B
YoY Change 20.09% 12.46% 6.56%
Gross Profit $5.293B $4.738B $4.398B
YoY Change 18.36% 4.13% 2.64%
Gross Profit Margin 24.52% 22.96% 22.77%
Selling, General & Admin $1.930B $1.629B $1.639B
YoY Change 10.03% 4.83% 8.33%
% of Gross Profit 36.46% 34.38% 37.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $243.0M $225.0M $210.0M
YoY Change 24.62% 19.68% 13.51%
% of Gross Profit 4.59% 4.75% 4.77%
Operating Expenses $1.953B $1.650B $1.661B
YoY Change 10.21% 4.9% 8.42%
Operating Profit $3.340B $3.088B $2.737B
YoY Change 23.7% 3.73% -0.58%
Interest Expense -$259.0M -$223.0M -$213.0M
YoY Change 28.86% 1.36% -4.48%
% of Operating Profit -7.75% -7.22% -7.78%
Other Income/Expense, Net -$22.00M -$20.00M -$16.00M
YoY Change -75.0%
Pretax Income $3.059B $2.845B $2.508B
YoY Change 26.88% 3.19% -0.87%
Income Tax $665.0M $812.0M $689.0M
% Of Pretax Income 21.74% 28.54% 27.47%
Net Earnings $694.0M $1.970B $1.781B
YoY Change -59.44% 1.65% -0.39%
Net Earnings / Revenue 3.22% 9.55% 9.22%
Basic Earnings Per Share $0.44 $1.27 $1.14
Diluted Earnings Per Share $0.44 $1.27 $1.14
COMMON SHARES
Basic Shares Outstanding 1.553B shares 1.553B shares 1.553B shares
Diluted Shares Outstanding 1.554B shares 1.554B shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.447B $7.667B $6.197B
YoY Change 99.27% 56.98% 62.48%
Cash & Equivalents $8.447B $7.667B $6.197B
Short-Term Investments
Other Short-Term Assets $603.0M $924.0M $857.0M
YoY Change -29.31% 41.28% 24.38%
Inventory $8.806B $8.283B $7.730B
Prepaid Expenses
Receivables $3.194B $3.985B $3.648B
Other Receivables $544.0M $0.00 $0.00
Total Short-Term Assets $21.59B $20.86B $18.43B
YoY Change 22.64% 25.85% 14.87%
LONG-TERM ASSETS
Property, Plant & Equipment $7.271B $6.857B $6.629B
YoY Change 19.9% 11.8% 11.77%
Goodwill $7.666B $7.681B $7.614B
YoY Change 4.67% 0.46% -0.1%
Intangibles $2.432B $2.501B $2.527B
YoY Change -1.54% -2.99% -2.92%
Long-Term Investments $1.074B $1.080B $1.072B
YoY Change 6.23% 9.53% 13.08%
Other Assets $1.924B $1.835B $1.586B
YoY Change 27.0% 10.54% -4.0%
Total Long-Term Assets $21.37B $21.09B $20.23B
YoY Change 11.07% 10.99% 7.85%
TOTAL ASSETS
Total Short-Term Assets $21.59B $20.86B $18.43B
Total Long-Term Assets $21.37B $21.09B $20.23B
Total Assets $42.97B $41.95B $38.66B
YoY Change 16.6% 17.92% 11.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.242B $1.973B $1.909B
YoY Change 34.57% 25.43% 23.4%
Accrued Expenses $8.000B $8.156B $7.889B
YoY Change -11.16% 18.79% 13.63%
Deferred Revenue
YoY Change
Short-Term Debt $499.0M $2.905B $898.0M
YoY Change -22.4% 309.15% 29.02%
Long-Term Debt Due $2.506B $3.005B $4.254B
YoY Change -2.6% 24.33% 262.04%
Total Short-Term Liabilities $15.96B $18.51B $17.24B
YoY Change -3.07% 29.85% 36.07%
LONG-TERM LIABILITIES
Long-Term Debt $31.33B $28.07B $26.60B
YoY Change 21.21% 4.1% -5.35%
Other Long-Term Liabilities $5.103B $1.100B $829.0M
YoY Change 593.34% 47.85% 1.59%
Total Long-Term Liabilities $36.44B $1.100B $829.0M
YoY Change 4850.68% 47.85% 1.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.96B $18.51B $17.24B
Total Long-Term Liabilities $36.44B $1.100B $829.0M
Total Liabilities $53.20B $51.58B $48.94B
YoY Change 11.41% 12.4% 7.32%
SHAREHOLDERS EQUITY
Retained Earnings $29.86B $30.83B $30.53B
YoY Change -1.77% 1.74% 1.81%
Common Stock $1.972B $1.942B $1.917B
YoY Change 0.41% 0.41% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.38B $35.38B $35.38B
YoY Change -0.3% -0.31% -0.31%
Treasury Stock Shares 556.1M shares 556.1M shares 556.1M shares
Shareholders Equity -$12.09B -$11.41B -$12.01B
YoY Change
Total Liabilities & Shareholders Equity $42.97B $41.95B $38.66B
YoY Change 16.6% 17.92% 11.09%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $694.0M $1.970B $1.781B
YoY Change -59.44% 1.65% -0.39%
Depreciation, Depletion And Amortization $243.0M $225.0M $210.0M
YoY Change 24.62% 19.68% 13.51%
Cash From Operating Activities $2.921B $1.920B $3.228B
YoY Change 35.92% -37.9% 35.97%
INVESTING ACTIVITIES
Capital Expenditures -$553.0M -$435.0M -$268.0M
YoY Change 26.26% 71.26% 5.51%
Acquisitions
YoY Change
Other Investing Activities -$208.0M -$643.0M -$433.0M
YoY Change -138.03% 155.16% -283.47%
Cash From Investing Activities -$761.0M -$1.078B -$701.0M
YoY Change -798.17% 113.04% 3794.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.537B 359.0M -1.932B
YoY Change -17.05% -122.92% 37.9%
NET CHANGE
Cash From Operating Activities 2.921B 1.920B 3.228B
Cash From Investing Activities -761.0M -1.078B -701.0M
Cash From Financing Activities -1.537B 359.0M -1.932B
Net Change In Cash 623.0M 1.201B 595.0M
YoY Change 53.83% 17.75% -37.7%
FREE CASH FLOW
Cash From Operating Activities $2.921B $1.920B $3.228B
Capital Expenditures -$553.0M -$435.0M -$268.0M
Free Cash Flow $3.474B $2.355B $3.496B
YoY Change 34.29% -29.62% 33.03%

Facts In Submission

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CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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1323000000 USD
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3121000000 USD
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2470000000 USD
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CY2016 us-gaap Interest Expense
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CY2017 us-gaap Interest Expense
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CY2016 us-gaap Interest Income Expense Net
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CY2017 us-gaap Interest Income Expense Net
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CY2016 us-gaap Interest Paid
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1052000000 USD
CY2017 us-gaap Interest Paid
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1050000000 USD
CY2016Q4 us-gaap Inventory Finished Goods
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4950000000 USD
CY2017Q4 us-gaap Inventory Finished Goods
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4637000000 USD
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CY2017Q4 us-gaap Inventory Net
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CY2017Q4 us-gaap Inventory Raw Materials
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124000000 USD
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178000000 USD
CY2017 us-gaap Investment Income Interest
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182000000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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1011000000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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1074000000 USD
CY2016Q4 us-gaap Land And Land Improvements
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590000000 USD
CY2017Q4 us-gaap Land And Land Improvements
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639000000 USD
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284000000 USD
CY2017 us-gaap Lease And Rental Expense
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313000000 USD
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8000000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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2573000000 USD
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CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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33840000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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2755000000 USD
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3056000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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4130000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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4091000000 USD
CY2016Q4 us-gaap Machinery And Equipment Gross
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1788000000 USD
CY2017Q4 us-gaap Minority Interest
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1856000000 USD
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171000000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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219000000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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255000000 USD
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016Q4 us-gaap Net Income Loss
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CY2017Q4 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
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306000000 USD
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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58000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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94000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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125000000 USD
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356000000 USD
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853000000 USD
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603000000 USD
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1515000000 USD
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330000000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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143000000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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101000000 USD
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CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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4000000 USD
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6000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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5000000 USD
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1000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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2000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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536000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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460000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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17000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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78000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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102000000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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11000000 USD
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14000000 USD
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2000000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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227000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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224000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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228000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
48000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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43000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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31000000 USD
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38000000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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8000000 USD
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5000000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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4000000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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24000000 USD
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19000000 USD
CY2017 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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14000000 USD
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50000000 USD
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CY2015 us-gaap Payments For Repurchase Of Common Stock
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48000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2015 us-gaap Payments Of Dividends
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6250000000 USD
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6378000000 USD
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6520000000 USD
CY2015 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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55000000 USD
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41000000 USD
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111000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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960000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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1172000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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1548000000 USD
CY2016Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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2800000000 USD
CY2017Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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2271000000 USD
CY2015 us-gaap Pension Contributions
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154000000 USD
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191000000 USD
CY2017 us-gaap Pension Contributions
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66000000 USD
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187000000 USD
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166000000 USD
CY2017 us-gaap Postemployment Benefits Period Expense
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144000000 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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250000000 shares
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3536000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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6850000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
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CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2015 us-gaap Proceeds From Payments To Minority Shareholders
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1622000000 USD
CY2016 us-gaap Proceeds From Payments To Minority Shareholders
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7000000 USD
CY2017 us-gaap Proceeds From Payments To Minority Shareholders
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5000000 USD
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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CY2016 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-12000000 USD
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-127000000 USD
CY2015 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2016 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2017 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
1634000000 USD
CY2015 us-gaap Profit Loss
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7032000000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
7250000000 USD
CY2017 us-gaap Profit Loss
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6341000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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12360000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14566000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6064000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7271000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1229000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2393000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2551000000 USD
CY2015 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2016 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2017 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
1634000000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
423000000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
429000000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
453000000 USD
CY2015 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
68000000 USD
CY2016 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 USD
CY2017 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
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CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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