2018 Q2 Form 10-Q Financial Statement

#000031670918000040 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017 Q2
Revenue $2.486B $2.242B $2.130B
YoY Change 16.71% 13.69% 16.52%
Cost Of Revenue $183.0M $119.0M $74.00M
YoY Change 147.3% 164.44% 76.19%
Gross Profit $2.486B $2.242B $2.130B
YoY Change 16.71% 13.69% 16.65%
Gross Profit Margin 100.0% 100.0% 100.0%
Selling, General & Admin $1.158B $1.098B $1.043B
YoY Change 11.03% 11.93% 8.65%
% of Gross Profit 46.58% 48.97% 48.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.00M $69.00M $66.00M
YoY Change 13.64% 13.11% 15.79%
% of Gross Profit 3.02% 3.08% 3.1%
Operating Expenses $1.355B $1.289B $1.221B
YoY Change 10.97% 12.28% 10.4%
Operating Profit $1.131B $953.0M $909.0M
YoY Change 24.42% 15.66% 26.25%
Interest Expense $183.0M $74.00M
YoY Change 147.3% 76.19%
% of Operating Profit 16.18% 8.14%
Other Income/Expense, Net $72.00M $66.00M
YoY Change 9.09% -27.47%
Pretax Income $1.131B $953.0M $909.0M
YoY Change 24.42% 15.66% 26.25%
Income Tax $265.0M $310.0M $334.0M
% Of Pretax Income 23.43% 32.53% 36.74%
Net Earnings $866.0M $597.0M $575.0M
YoY Change 50.61% 14.37% 27.21%
Net Earnings / Revenue 34.84% 26.63% 27.0%
Basic Earnings Per Share $0.60 $0.41 $0.40
Diluted Earnings Per Share $0.60 $0.41 $0.39
COMMON SHARES
Basic Shares Outstanding 1.350B shares 1.343B shares 1.338B shares
Diluted Shares Outstanding 1.364B shares 1.358B shares 1.351B shares

Balance Sheet

Concept 2018 Q2 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.25B $14.22B $9.575B
YoY Change 38.38% 31.3% -26.21%
Cash & Equivalents $13.25B $14.22B $9.575B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $23.38B $21.23B $18.90B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $36.63B $35.44B $28.48B
YoY Change 28.61% 23.44% -7.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.599B $1.471B $1.335B
YoY Change 19.78% 13.24% 7.49%
Goodwill $1.227B $1.227B $1.227B
YoY Change 0.0% 0.0%
Intangibles $93.00M $108.0M $125.0M
YoY Change -25.6% -25.0%
Long-Term Investments $198.2B $178.1B $161.3B
YoY Change 22.9% 9.53% 17.45%
Other Assets $5.621B $8.543B $10.90B
YoY Change -48.41% -32.34% -3.78%
Total Long-Term Assets $225.3B $207.8B $192.1B
YoY Change 17.25% 6.76% 14.87%
TOTAL ASSETS
Total Short-Term Assets $36.63B $35.44B $28.48B
Total Long-Term Assets $225.3B $207.8B $192.1B
Total Assets $261.9B $243.3B $220.6B
YoY Change 18.71% 8.9% 11.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.67B $32.53B $34.97B
YoY Change -3.74% -15.07% -3.04%
Accrued Expenses $2.408B $2.810B $2.021B
YoY Change 19.15% 20.55% 11.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $15.00B $300.0M
YoY Change -100.0% -99.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $236.0B $220.0B $199.6B
YoY Change 18.24% 7.8% 10.77%
LONG-TERM LIABILITIES
Long-Term Debt $5.789B $4.753B $3.518B
YoY Change 64.55% 65.26% 22.32%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.789B $4.753B $3.518B
YoY Change 64.55% 65.26% 22.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $236.0B $220.0B $199.6B
Total Long-Term Liabilities $5.789B $4.753B $3.518B
Total Liabilities $241.8B $224.7B $203.1B
YoY Change 19.04% 8.59% 10.95%
SHAREHOLDERS EQUITY
Retained Earnings $15.90B $14.41B $13.50B
YoY Change 17.84% 13.91%
Common Stock $15.00M $15.00M $15.00M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.783B $2.892B $3.028B
YoY Change -8.09% -7.6%
Treasury Stock Shares 136.6M shares 142.2M shares 149.3M shares
Shareholders Equity $20.10B $18.53B $17.49B
YoY Change
Total Liabilities & Shareholders Equity $261.9B $243.3B $220.6B
YoY Change 18.71% 8.9% 11.39%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $866.0M $597.0M $575.0M
YoY Change 50.61% 14.37% 27.21%
Depreciation, Depletion And Amortization $75.00M $69.00M $66.00M
YoY Change 13.64% 13.11% 15.79%
Cash From Operating Activities $3.132B -$3.290B $719.0M
YoY Change 335.61% -294.91% -62.0%
INVESTING ACTIVITIES
Capital Expenditures -$131.0M -$133.0M -$84.00M
YoY Change 55.95% 79.73% -39.57%
Acquisitions
YoY Change
Other Investing Activities -$12.98B -$13.11B $4.354B
YoY Change -398.21% 3.57% -188.26%
Cash From Investing Activities -$13.12B -$13.24B $4.270B
YoY Change -407.14% 4.01% -184.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.28B 15.77B -5.013B
YoY Change -324.94% 37.86% -187.96%
NET CHANGE
Cash From Operating Activities 3.132B -3.290B 719.0M
Cash From Investing Activities -13.12B -13.24B 4.270B
Cash From Financing Activities 11.28B 15.77B -5.013B
Net Change In Cash 1.293B -761.0M -24.00M
YoY Change -5487.5% -291.69% -100.95%
FREE CASH FLOW
Cash From Operating Activities $3.132B -$3.290B $719.0M
Capital Expenditures -$131.0M -$133.0M -$84.00M
Free Cash Flow $3.263B -$3.157B $803.0M
YoY Change 306.35% -279.17% -60.46%

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us-gaap Available For Sale Securities Gross Realized Gains
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CY2017Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
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251 security
CY2018Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
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us-gaap Capitalized Contract Cost Amortization
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219000000 USD
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CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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CY2017Q4 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
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11012000000 USD
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17873000000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15253000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19160000000 USD
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18918000000 USD
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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CY2018Q2 us-gaap Communication
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58000000 USD
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120000000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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1190000000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2018Q2 us-gaap Contract With Customer Asset Net
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352000000 USD
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353000000 USD
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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CY2018Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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5875000000 USD
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Securities
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199000000 USD
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362000000 USD
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97000000 USD
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92000000 USD
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5510000000 USD
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199000000 USD
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362000000 USD
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2018Q2 us-gaap Derivative Collateral Right To Reclaim Cash
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us-gaap Dividends Common Stock Cash
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us-gaap Dividends Preferred Stock Cash
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Fees And Commissions
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us-gaap Fees And Commissions
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Income Expense Net
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2053000000 USD
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us-gaap Interest Income Expense Net
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CY2017Q2 us-gaap Interest Income Operating
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us-gaap Interest Income Operating
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2182000000 USD
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1590000000 USD
us-gaap Interest Income Operating
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us-gaap Interest Paid
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us-gaap Interest Paid
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us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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CY2018Q2 us-gaap Liabilities
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CY2017Q4 us-gaap Liabilities And Stockholders Equity
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CY2018Q2 us-gaap Liabilities And Stockholders Equity
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LoansAndLeasesReceivableAllowance
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CY2017Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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LoansAndLeasesReceivableAllowance
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LoansAndLeasesReceivableAllowance
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26000000 USD
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10368000000 USD
us-gaap Loans And Leases Receivable Commitments To Purchase Or Sell
LoansAndLeasesReceivableCommitmentsToPurchaseOrSell
11035000000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
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CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1338000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1337000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1350000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1349000000 shares

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