2017 Q3 Form 10-Q Financial Statement

#000156459017019977 Filed on October 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $7.905B $7.107B $7.019B
YoY Change 12.62% -8.23% -17.15%
Cost Of Revenue $6.787B $6.113B $6.114B
YoY Change 11.01% -2.16% -9.42%
Gross Profit $1.118B $994.0M $905.0M
YoY Change 23.54% -33.56% -47.44%
Gross Profit Margin 14.14% 13.99% 12.89%
Selling, General & Admin $115.0M $98.00M $92.00M
YoY Change 25.0% -25.76% -24.59%
% of Gross Profit 10.29% 9.86% 10.17%
Research & Development $189.0M $262.0M $253.0M
YoY Change -25.3% -4.73% -7.33%
% of Gross Profit 16.91% 26.36% 27.96%
Depreciation & Amortization $956.0M $1.016B $627.0M
YoY Change 52.47% 5.5% -21.43%
% of Gross Profit 85.51% 102.21% 69.28%
Operating Expenses $304.0M $360.0M $345.0M
YoY Change -11.88% -11.55% -12.66%
Operating Profit $1.059B $634.0M $815.0M
YoY Change 29.94% -41.78% -46.42%
Interest Expense -$88.00M -$172.0M -$123.0M
YoY Change -28.46% 207.14% -243.02%
% of Operating Profit -8.31% -27.13% -15.09%
Other Income/Expense, Net
YoY Change
Pretax Income $677.0M -$214.0M $200.0M
YoY Change 238.5% -80.6% -84.04%
Income Tax $121.0M -$19.00M $10.00M
% Of Pretax Income 17.87% 5.0%
Net Earnings $545.0M -$205.0M $176.0M
YoY Change 209.66% -79.82% -82.2%
Net Earnings / Revenue 6.89% -2.88% 2.51%
Basic Earnings Per Share
Diluted Earnings Per Share $391.5K -$147.2K $125.6K
COMMON SHARES
Basic Shares Outstanding 1.391B
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.952B $9.257B $10.76B
YoY Change -53.96% -28.98% 52.09%
Cash & Equivalents
Short-Term Investments $3.262B $6.600B $7.700B
Other Short-Term Assets $1.218B $1.058B $1.532B
YoY Change -20.5% -6.7% 30.16%
Inventory $4.308B $4.225B $4.572B
Prepaid Expenses
Receivables $9.436B $9.387B $9.565B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.91B $23.93B $26.43B
YoY Change -24.64% -11.09% 22.72%
LONG-TERM ASSETS
Property, Plant & Equipment $12.34B $12.82B $13.00B
YoY Change -5.12% -4.43% -10.65%
Goodwill $24.99B
YoY Change 60.14%
Intangibles
YoY Change
Long-Term Investments $1.481B $1.481B $1.637B
YoY Change -9.53% -60.28% -56.9%
Other Assets $5.183B $3.809B $4.734B
YoY Change 9.48% 38.56% 100.76%
Total Long-Term Assets $53.66B $54.03B $54.17B
YoY Change -0.95% 31.48% 29.56%
TOTAL ASSETS
Total Short-Term Assets $19.91B $23.93B $26.43B
Total Long-Term Assets $53.66B $54.03B $54.17B
Total Assets $73.57B $77.96B $80.59B
YoY Change -8.72% 14.63% 27.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.676B $9.939B $9.378B
YoY Change 3.18% 29.67% 31.71%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.178B $0.00
YoY Change -23.8% -100.0%
Long-Term Debt Due $1.289B $1.975B $3.739B
YoY Change -65.53% -34.41% 15.05%
Total Short-Term Liabilities $13.01B $15.06B $14.97B
YoY Change -13.08% 6.64% 6.87%
LONG-TERM LIABILITIES
Long-Term Debt $15.87B $16.46B $17.54B
YoY Change -9.51% 13.99% 134.25%
Other Long-Term Liabilities $2.781B $1.530B $2.888B
YoY Change -3.7% 48.83% 160.65%
Total Long-Term Liabilities $18.65B $17.99B $20.43B
YoY Change -8.69% 16.31% 137.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.01B $15.06B $14.97B
Total Long-Term Liabilities $18.65B $17.99B $20.43B
Total Liabilities $34.00B $36.43B $38.36B
YoY Change -11.38% 13.48% 52.45%
SHAREHOLDERS EQUITY
Retained Earnings $36.47B
YoY Change -10.77%
Common Stock $12.80B
YoY Change 0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.550B
YoY Change -73.45%
Treasury Stock Shares $49.00M $43.00M
Shareholders Equity $39.57B $41.08B $42.23B
YoY Change
Total Liabilities & Shareholders Equity $73.57B $77.96B $80.59B
YoY Change -8.72% 14.63% 27.24%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $545.0M -$205.0M $176.0M
YoY Change 209.66% -79.82% -82.2%
Depreciation, Depletion And Amortization $956.0M $1.016B $627.0M
YoY Change 52.47% 5.5% -21.43%
Cash From Operating Activities $1.898B $2.013B $1.406B
YoY Change 34.99% -7.58% -44.71%
INVESTING ACTIVITIES
Capital Expenditures -$598.0M -$654.0M -$403.0M
YoY Change 48.39% 4.31% -31.69%
Acquisitions
YoY Change
Other Investing Activities $819.0M $622.0M $589.0M
YoY Change 39.05% -108.19% -590.83%
Cash From Investing Activities $221.0M -$32.00M $186.0M
YoY Change 18.82% -99.61% -126.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.342B -2.389B -1.116B
YoY Change 109.86% -142.08% -49.09%
NET CHANGE
Cash From Operating Activities 1.898B 2.013B 1.406B
Cash From Investing Activities 221.0M -32.00M 186.0M
Cash From Financing Activities -2.342B -2.389B -1.116B
Net Change In Cash -223.0M -408.0M 476.0M
YoY Change -146.85% 9.97% -232.59%
FREE CASH FLOW
Cash From Operating Activities $1.898B $2.013B $1.406B
Capital Expenditures -$598.0M -$654.0M -$403.0M
Free Cash Flow $2.496B $2.667B $1.809B
YoY Change 37.98% -4.92% -42.26%

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