2016 Q4 Form 10-Q Financial Statement

#000006404016000109 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.399B $1.439B $1.324B
YoY Change 1.82% 8.69% 4.83%
Cost Of Revenue $406.0M $431.0M $419.0M
YoY Change -10.57% 2.86% 4.23%
Gross Profit $993.0M $1.008B $905.0M
YoY Change 7.82% 11.38% 5.11%
Gross Profit Margin 70.98% 70.05% 68.35%
Selling, General & Admin $468.0M $337.0M $458.0M
YoY Change 5.41% -26.42% -0.87%
% of Gross Profit 47.13% 33.43% 50.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.00M $22.00M $20.00M
YoY Change -11.32% 10.0% -4.76%
% of Gross Profit 4.73% 2.18% 2.21%
Operating Expenses $515.0M $337.0M $914.0M
YoY Change 3.62% -63.13% 1.9%
Operating Profit $857.0M $1.348B $410.0M
YoY Change 102.12% 228.78% 12.02%
Interest Expense -$59.00M $39.00M $30.00M
YoY Change 47.5% 30.0% 150.0%
% of Operating Profit -6.88% 2.89% 7.32%
Other Income/Expense, Net
YoY Change
Pretax Income $798.0M $1.309B $380.0M
YoY Change 107.81% 244.47% 7.34%
Income Tax $229.0M $386.0M $99.00M
% Of Pretax Income 28.7% 29.49% 26.05%
Net Earnings $537.0M $892.0M $252.0M
YoY Change 116.53% 253.97% 32.63%
Net Earnings / Revenue 38.38% 61.99% 19.03%
Basic Earnings Per Share $2.07 $3.39 $0.93
Diluted Earnings Per Share $2.05 $3.36 $0.92
COMMON SHARES
Basic Shares Outstanding 259.1M shares 262.9M shares 271.3M shares
Diluted Shares Outstanding 265.3M shares 274.4M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.400B $2.399B $1.441B
YoY Change 61.4% 66.48% -24.87%
Cash & Equivalents $2.392B $2.399B $1.441B
Short-Term Investments $8.000M
Other Short-Term Assets $149.0M $325.0M $409.0M
YoY Change -81.78% -20.54% 19.59%
Inventory
Prepaid Expenses
Receivables $1.122B $980.0M $986.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.671B $3.704B $2.836B
YoY Change 11.38% 30.61% -11.04%
LONG-TERM ASSETS
Property, Plant & Equipment $271.0M $255.0M $237.0M
YoY Change 0.37% 7.59% 19.1%
Goodwill $2.949B $2.958B $2.968B
YoY Change 2.32% -0.34% 106.83%
Intangibles $1.506B $1.518B $1.881B
YoY Change -1.05% -19.3% 85.87%
Long-Term Investments
YoY Change
Other Assets $272.0M $241.0M $241.0M
YoY Change 27.7% 0.0% 23.59%
Total Long-Term Assets $4.998B $4.972B $5.327B
YoY Change 2.27% -6.66% 72.84%
TOTAL ASSETS
Total Short-Term Assets $3.671B $3.704B $2.836B
Total Long-Term Assets $4.998B $4.972B $5.327B
Total Assets $8.669B $8.676B $8.163B
YoY Change 5.94% 6.28% 30.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.0M $199.0M $211.0M
YoY Change -11.17% -5.69% 9.9%
Accrued Expenses $465.0M $315.0M $424.0M
YoY Change -7.74% -25.71% 26.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $400.0M
YoY Change -100.0%
Total Short-Term Liabilities $2.611B $3.051B $2.505B
YoY Change -10.21% 21.8% 5.08%
LONG-TERM LIABILITIES
Long-Term Debt $3.564B $3.563B $3.489B
YoY Change 2.77% 2.12% 336.67%
Other Long-Term Liabilities $439.0M $372.0M $377.0M
YoY Change 19.29% -1.33% -12.12%
Total Long-Term Liabilities $4.003B $3.935B $3.866B
YoY Change 4.35% 1.78% 214.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.611B $3.051B $2.505B
Total Long-Term Liabilities $4.003B $3.935B $3.866B
Total Liabilities $6.888B $7.245B $6.649B
YoY Change -1.88% 8.96% 71.81%
SHAREHOLDERS EQUITY
Retained Earnings $9.210B $8.924B $7.592B
YoY Change 20.61% 17.54% -3.62%
Common Stock $914.0M $779.0M $853.0M
YoY Change 3.04% -8.68% 3.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.701B $8.606B $7.234B
YoY Change 12.58% 18.97% 5.18%
Treasury Stock Shares 153.0M shares
Shareholders Equity $650.0M $462.0M $658.0M
YoY Change
Total Liabilities & Shareholders Equity $8.669B $8.676B $8.163B
YoY Change 5.94% 6.28% 30.19%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $537.0M $892.0M $252.0M
YoY Change 116.53% 253.97% 32.63%
Depreciation, Depletion And Amortization $47.00M $22.00M $20.00M
YoY Change -11.32% 10.0% -4.76%
Cash From Operating Activities $303.0M $686.0M $541.0M
YoY Change -57.44% 26.8% 43.88%
INVESTING ACTIVITIES
Capital Expenditures -$48.00M -$31.00M -$32.00M
YoY Change -26.15% -3.13% 113.33%
Acquisitions
YoY Change
Other Investing Activities $395.0M $977.0M -$2.387B
YoY Change -9975.0% -140.93% -7559.38%
Cash From Investing Activities $347.0M $946.0M -$2.419B
YoY Change -602.9% -139.11% -14329.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -592.0M -733.0M 1.634B
YoY Change 2.42% -144.86% -3434.69%
NET CHANGE
Cash From Operating Activities 303.0M 686.0M 541.0M
Cash From Investing Activities 347.0M 946.0M -2.419B
Cash From Financing Activities -592.0M -733.0M 1.634B
Net Change In Cash 58.00M 899.0M -244.0M
YoY Change -10.77% -468.44% -170.93%
FREE CASH FLOW
Cash From Operating Activities $303.0M $686.0M $541.0M
Capital Expenditures -$48.00M -$31.00M -$32.00M
Free Cash Flow $351.0M $717.0M $573.0M
YoY Change -54.83% 25.13% 46.55%

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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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264100000 shares

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