2019 Q1 Form 10-Q Financial Statement

#000031670919000017 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $2.723B $2.398B
YoY Change 13.55% 15.23%
Cost Of Revenue $317.0M $158.0M
YoY Change 100.63% 187.27%
Gross Profit $2.723B $2.398B
YoY Change 13.55% 15.23%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $1.282B $1.183B
YoY Change 8.37% 10.87%
% of Gross Profit 47.08% 49.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $83.00M $73.00M
YoY Change 13.7% 12.31%
% of Gross Profit 3.05% 3.04%
Operating Expenses $1.459B $1.396B
YoY Change 4.51% 12.76%
Operating Profit $1.264B $1.002B
YoY Change 26.15% 18.86%
Interest Expense $317.0M $158.0M
YoY Change 100.63% 187.27%
% of Operating Profit 25.08% 15.77%
Other Income/Expense, Net $62.00M $89.00M
YoY Change -30.34% 43.55%
Pretax Income $1.264B $1.002B
YoY Change 26.15% 18.86%
Income Tax $300.0M $219.0M
% Of Pretax Income 23.73% 21.86%
Net Earnings $964.0M $783.0M
YoY Change 23.12% 38.83%
Net Earnings / Revenue 35.4% 32.65%
Basic Earnings Per Share $0.69 $0.55
Diluted Earnings Per Share $0.69 $0.55
COMMON SHARES
Basic Shares Outstanding 1.333B shares 1.347B shares
Diluted Shares Outstanding 1.344B shares 1.362B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.56B $14.15B
YoY Change 130.17% 49.29%
Cash & Equivalents $32.56B $14.15B
Short-Term Investments
Other Short-Term Assets $7.063B
YoY Change
Inventory
Prepaid Expenses
Receivables $21.15B $22.05B
Other Receivables $0.00 $0.00
Total Short-Term Assets $60.77B $36.19B
YoY Change 67.9% 34.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.813B $1.540B
YoY Change 17.73% 18.01%
Goodwill $1.227B $1.227B
YoY Change 0.0% 0.0%
Intangibles $101.0M
YoY Change -25.19%
Long-Term Investments $199.8B $182.4B
YoY Change 9.52% 8.86%
Other Assets $7.063B $8.389B
YoY Change -15.81% -35.55%
Total Long-Term Assets $222.0B $212.1B
YoY Change 4.68% 5.99%
TOTAL ASSETS
Total Short-Term Assets $60.77B $36.19B
Total Long-Term Assets $222.0B $212.1B
Total Assets $282.8B $248.3B
YoY Change 13.89% 9.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.30B $32.21B
YoY Change -2.82% -12.73%
Accrued Expenses $3.604B $2.468B
YoY Change 46.03% 14.15%
Deferred Revenue
YoY Change
Short-Term Debt $219.5B $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $254.4B $224.9B
YoY Change 13.12% 8.86%
LONG-TERM LIABILITIES
Long-Term Debt $6.829B $4.128B
YoY Change 65.43% 17.34%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $6.829B $4.128B
YoY Change 65.43% 17.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $254.4B $224.9B
Total Long-Term Liabilities $6.829B $4.128B
Total Liabilities $261.2B $229.0B
YoY Change 14.06% 9.0%
SHAREHOLDERS EQUITY
Retained Earnings $18.02B $14.61B
YoY Change 23.34% 11.78%
Common Stock $15.00M $15.00M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.677B $2.837B
YoY Change 29.61% -7.08%
Treasury Stock Shares 153.1M shares 139.3M shares
Shareholders Equity $21.63B $19.33B
YoY Change
Total Liabilities & Shareholders Equity $282.8B $248.3B
YoY Change 13.89% 9.36%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $964.0M $783.0M
YoY Change 23.12% 38.83%
Depreciation, Depletion And Amortization $83.00M $73.00M
YoY Change 13.7% 12.31%
Cash From Operating Activities -$2.595B $248.0M
YoY Change -1146.37% -115.73%
INVESTING ACTIVITIES
Capital Expenditures $139.0M $122.0M
YoY Change 13.93% 52.5%
Acquisitions
YoY Change
Other Investing Activities -$25.00M $40.00M
YoY Change -162.5% 566.67%
Cash From Investing Activities $18.29B -$6.539B
YoY Change -379.63% 17.04%
FINANCING ACTIVITIES
Cash Dividend Paid $276.0M $184.0M
YoY Change 50.0% 16.46%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $627.0M
YoY Change -100.0% 31250.0%
Cash From Financing Activities -$12.23B $4.756B
YoY Change -357.13% 4.12%
NET CHANGE
Cash From Operating Activities -$2.595B $248.0M
Cash From Investing Activities $18.29B -$6.539B
Cash From Financing Activities -$12.23B $4.756B
Net Change In Cash $3.461B -$1.535B
YoY Change -325.47% -40.87%
FREE CASH FLOW
Cash From Operating Activities -$2.595B $248.0M
Capital Expenditures $139.0M $122.0M
Free Cash Flow -$2.734B $126.0M
YoY Change -2269.84% -107.6%

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152000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
441 security
CY2019Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
412 security
CY2018Q4 us-gaap Deferred Finance Costs Net
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CY2019Q1 us-gaap Deferred Finance Costs Net
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CY2018Q4 us-gaap Deferred Rent Credit
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CY2019Q1 us-gaap Deferred Rent Credit
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CY2018Q4 us-gaap Demand Deposit Accounts
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CY2018Q4 us-gaap Deposits
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CY2019Q1 us-gaap Deposits
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CY2018Q1 us-gaap Depreciation And Amortization
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73000000 USD
CY2019Q1 us-gaap Depreciation And Amortization
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83000000 USD
CY2018Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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CY2019Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
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7296000000 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
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7148000000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
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0 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
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CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
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CY2019Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
6861000000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Securities
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CY2019Q1 us-gaap Derivative Collateral Obligation To Return Securities
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287000000 USD
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
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CY2019Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
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CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Securities
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CY2019Q1 us-gaap Derivative Collateral Right To Reclaim Securities
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CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2019Q1 us-gaap Derivative Fair Value Of Derivative Asset
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CY2019Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2019Q1 us-gaap Derivative Fair Value Of Derivative Liability
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CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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111000000 USD
CY2019Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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98000000 USD
CY2018Q4 us-gaap Derivative Liabilities
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1184000000 USD
CY2019Q1 us-gaap Derivative Liabilities
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1443000000 USD
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
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CY2019Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
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0 USD
CY2018Q1 us-gaap Dividends Common Stock Cash
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135000000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
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228000000 USD
CY2018Q1 us-gaap Dividends Preferred Stock Cash
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CY2019Q1 us-gaap Dividends Preferred Stock Cash
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CY2018Q1 us-gaap Earnings Per Share Basic
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CY2019Q1 us-gaap Earnings Per Share Basic
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CY2018Q1 us-gaap Earnings Per Share Diluted
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CY2019Q1 us-gaap Earnings Per Share Diluted
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CY2018Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
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CY2019Q1 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
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25744000000 USD
CY2018Q4 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
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CY2019Q1 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
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CY2018Q4 us-gaap Financial Instruments Owned At Fair Value
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CY2019Q1 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
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CY2019Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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CY2018Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2019Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
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CY2019Q1 us-gaap Financing Receivable Recorded Investment Current
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CY2018Q4 us-gaap Financing Receivable Recorded Investment Past Due
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CY2019Q1 us-gaap Financing Receivable Recorded Investment Past Due
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CY2018Q4 us-gaap Goodwill
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CY2019Q1 us-gaap Goodwill
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CY2018Q4 us-gaap Held To Maturity Securities
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CY2019Q1 us-gaap Held To Maturity Securities
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CY2018Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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CY2019Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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CY2018Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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CY2019Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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2011000000 USD
CY2019Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
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CY2019Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
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1195000000 USD
CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
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CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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290000000 USD
CY2019Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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CY2019Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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CY2018Q4 us-gaap Held To Maturity Securities Fair Value
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CY2019Q1 us-gaap Held To Maturity Securities Fair Value
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CY2018Q4 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
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1524 security
CY2019Q1 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
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1302 security
CY2018Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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1002000000 USD
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CY2018Q1 us-gaap Income Tax Expense Benefit
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CY2019Q1 us-gaap Income Tax Expense Benefit
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CY2018Q1 us-gaap Income Taxes Paid
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CY2019Q1 us-gaap Income Taxes Paid
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CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2018Q1 us-gaap Increase Decrease In Brokerage Receivables
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CY2018Q1 us-gaap Increase Decrease In Payables To Customers
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CY2019Q1 us-gaap Interest Expense
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CY2019Q1 us-gaap Interest Paid Net
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CY2018Q1 us-gaap Labor And Related Expense
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CY2019Q1 us-gaap Labor And Related Expense
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
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280000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2019Q1 us-gaap Liabilities
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CY2018Q4 us-gaap Liabilities And Stockholders Equity
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CY2019Q1 us-gaap Liabilities And Stockholders Equity
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CY2019Q1 us-gaap Loans And Leases Receivable Allowance
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CY2018 us-gaap Loans And Leases Receivable Commitments To Purchase Or Sell
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CY2019Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
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16531000000 USD
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CY2019Q1 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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800000000 USD
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256000000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
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1200000000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
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700000000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
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0 USD
CY2018Q1 us-gaap Marketing And Advertising Expense
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CY2019Q1 us-gaap Marketing And Advertising Expense
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CY2019Q1 us-gaap Noninterest Expense
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CY2019Q1 us-gaap Number Of Reportable Segments
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CY2019Q1 us-gaap Occupancy Net
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CY2019Q1 us-gaap Operating Lease Liability
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CY2019Q1 us-gaap Operating Lease Liability
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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CY2018Q4 us-gaap Net Capital
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CY2019Q1 us-gaap Net Capital
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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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248000000 USD
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CY2018Q1 us-gaap Net Income Loss
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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101000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2018Q4 us-gaap Other Assets
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CY2019Q1 us-gaap Other Assets
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CY2019Q1 us-gaap Other Comprehensive Income Loss Before Tax
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238000000 USD
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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181000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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0 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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