2017 Q2 Form 10-Q Financial Statement

#000009355617000011 Filed on April 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $3.209B $2.672B
YoY Change 20.1% 0.0%
Cost Of Revenue $1.790B $1.695B
YoY Change 5.65% 2.3%
Gross Profit $1.166B $977.6M
YoY Change 19.24% 0.0%
Gross Profit Margin 36.32% 36.59%
Selling, General & Admin $682.0M $620.4M
YoY Change 9.93% 1.09%
% of Gross Profit 58.51% 63.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.5M $100.1M
YoY Change 1.4% -2.34%
% of Gross Profit 8.71% 10.24%
Operating Expenses $682.0M $620.4M
YoY Change 9.93% 1.09%
Operating Profit $420.3M $398.2M
YoY Change 5.55% 3.08%
Interest Expense $51.30M $47.30M
YoY Change 8.46% 6.53%
% of Operating Profit 12.21% 11.88%
Other Income/Expense, Net
YoY Change
Pretax Income $473.4M $254.1M
YoY Change 86.3% 14.82%
Income Tax $79.70M $65.50M
% Of Pretax Income 16.84% 25.78%
Net Earnings $170.6M $189.4M
YoY Change -9.93% 0.0%
Net Earnings / Revenue 5.32% 7.09%
Basic Earnings Per Share $1.13 $1.30
Diluted Earnings Per Share $1.11 $1.28
COMMON SHARES
Basic Shares Outstanding 149.2M shares 145.9M shares
Diluted Shares Outstanding 151.5M shares 147.6M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $378.0M $352.0M
YoY Change 7.39% -19.27%
Cash & Equivalents $378.0M $352.2M
Short-Term Investments
Other Short-Term Assets $285.6M $386.8M
YoY Change -26.16% -24.05%
Inventory $1.977B $1.685B
Prepaid Expenses
Receivables $1.728B $1.593B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.368B $4.017B
YoY Change 8.75% -7.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.538B $1.463B
YoY Change 5.15% 3.64%
Goodwill $8.364B $7.168B
YoY Change 16.69% 0.58%
Intangibles $3.603B $2.533B
YoY Change 42.25% -4.85%
Long-Term Investments
YoY Change
Other Assets $788.0M $426.8M
YoY Change 84.63% 1.89%
Total Long-Term Assets $14.29B $11.59B
YoY Change 23.32% -0.24%
TOTAL ASSETS
Total Short-Term Assets $4.368B $4.017B
Total Long-Term Assets $14.29B $11.59B
Total Assets $18.66B $15.61B
YoY Change 19.57% -2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.929B $1.662B
YoY Change 16.03% -0.75%
Accrued Expenses $1.118B $1.545B
YoY Change -27.64% 35.06%
Deferred Revenue
YoY Change
Short-Term Debt $1.159B $484.0M
YoY Change 139.52% -19.39%
Long-Term Debt Due $8.100M $5.000M
YoY Change 62.0% -13.79%
Total Short-Term Liabilities $4.214B $3.697B
YoY Change 14.01% 7.25%
LONG-TERM LIABILITIES
Long-Term Debt $3.816B $3.817B
YoY Change -0.04% -1.0%
Other Long-Term Liabilities $2.002B $900.7M
YoY Change 122.23% -27.75%
Total Long-Term Liabilities $5.817B $4.718B
YoY Change 23.3% -7.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.214B $3.697B
Total Long-Term Liabilities $5.817B $4.718B
Total Liabilities $10.03B $8.415B
YoY Change 19.22% -1.57%
SHAREHOLDERS EQUITY
Retained Earnings $5.434B $4.602B
YoY Change 18.08% 14.86%
Common Stock $5.210B $4.893B
YoY Change 6.47% 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.002B $2.182B
YoY Change -8.25% 27.43%
Treasury Stock Shares
Shareholders Equity $6.812B $5.669B
YoY Change
Total Liabilities & Shareholders Equity $18.66B $15.61B
YoY Change 19.57% -2.11%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $170.6M $189.4M
YoY Change -9.93% 0.0%
Depreciation, Depletion And Amortization $101.5M $100.1M
YoY Change 1.4% -2.34%
Cash From Operating Activities -$314.1M -$93.10M
YoY Change 237.38% -52.86%
INVESTING ACTIVITIES
Capital Expenditures $64.70M $64.90M
YoY Change -0.31% 41.39%
Acquisitions $2.435B $13.00M
YoY Change 18633.85% 3150.0%
Other Investing Activities $3.800M $3.500M
YoY Change 8.57% -63.92%
Cash From Investing Activities -$1.596B -$81.70M
YoY Change 1853.49% 232.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.800M $352.9M
YoY Change -101.08% 24.66%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $1.073B $44.50M
YoY Change 2310.79% -78.46%
NET CHANGE
Cash From Operating Activities -$314.1M -$93.10M
Cash From Investing Activities -$1.596B -$81.70M
Cash From Financing Activities $1.073B $44.50M
Net Change In Cash -$837.3M -$130.3M
YoY Change 542.59% 740.65%
FREE CASH FLOW
Cash From Operating Activities -$314.1M -$93.10M
Capital Expenditures $64.70M $64.90M
Free Cash Flow -$378.8M -$158.0M
YoY Change 139.75% -35.09%

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1400000 USD
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1603822 shares
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3645510 shares
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1749000 shares
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2318000 shares
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147619000 shares
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151526000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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145870000 shares
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149208000 shares

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