2018 Q1 Form 10-Q Financial Statement

#000009355618000016 Filed on April 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q2
Revenue $3.334B $3.209B
YoY Change 20.1%
Cost Of Revenue $2.044B $1.790B
YoY Change 5.65%
Gross Profit $1.106B $1.166B
YoY Change 19.24%
Gross Profit Margin 33.17% 36.32%
Selling, General & Admin $778.8M $682.0M
YoY Change 9.93%
% of Gross Profit 70.44% 58.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $123.6M $101.5M
YoY Change 1.4%
% of Gross Profit 11.18% 8.71%
Operating Expenses $778.8M $682.0M
YoY Change 9.93%
Operating Profit $427.4M $420.3M
YoY Change 5.55%
Interest Expense $63.20M $51.30M
YoY Change 8.46%
% of Operating Profit 14.79% 12.21%
Other Income/Expense, Net
YoY Change
Pretax Income $251.8M $473.4M
YoY Change 86.3%
Income Tax $81.70M $79.70M
% Of Pretax Income 32.45% 16.84%
Net Earnings $169.9M $170.6M
YoY Change -9.93%
Net Earnings / Revenue 5.1% 5.32%
Basic Earnings Per Share $1.15 $1.13
Diluted Earnings Per Share $1.13 $1.11
COMMON SHARES
Basic Shares Outstanding 150.6M shares 149.2M shares
Diluted Shares Outstanding 153.9M shares 151.5M shares

Balance Sheet

Concept 2018 Q1 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $406.0M $378.0M
YoY Change 7.39%
Cash & Equivalents $405.6M $378.0M
Short-Term Investments
Other Short-Term Assets $335.9M $285.6M
YoY Change -26.16%
Inventory $2.350B $1.977B
Prepaid Expenses
Receivables $1.986B $1.728B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.078B $4.368B
YoY Change 8.75%
LONG-TERM ASSETS
Property, Plant & Equipment $1.770B $1.538B
YoY Change 5.15%
Goodwill $8.851B $8.364B
YoY Change 16.69%
Intangibles $3.474B $3.603B
YoY Change 42.25%
Long-Term Investments
YoY Change
Other Assets $510.0M $788.0M
YoY Change 84.63%
Total Long-Term Assets $14.61B $14.29B
YoY Change 23.32%
TOTAL ASSETS
Total Short-Term Assets $5.078B $4.368B
Total Long-Term Assets $14.61B $14.29B
Total Assets $19.68B $18.66B
YoY Change 19.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.173B $1.929B
YoY Change 16.03%
Accrued Expenses $1.260B $1.118B
YoY Change -27.64%
Deferred Revenue
YoY Change
Short-Term Debt $399.3M $1.159B
YoY Change 139.52%
Long-Term Debt Due $978.2M $8.100M
YoY Change 62.0%
Total Short-Term Liabilities $4.810B $4.214B
YoY Change 14.01%
LONG-TERM LIABILITIES
Long-Term Debt $2.828B $3.816B
YoY Change -0.04%
Other Long-Term Liabilities $2.535B $2.002B
YoY Change 122.23%
Total Long-Term Liabilities $5.362B $5.817B
YoY Change 23.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.810B $4.214B
Total Long-Term Liabilities $5.362B $5.817B
Total Liabilities $10.17B $10.03B
YoY Change 19.22%
SHAREHOLDERS EQUITY
Retained Earnings $6.075B $5.434B
YoY Change 18.08%
Common Stock $5.033B $5.210B
YoY Change 6.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.909B $2.002B
YoY Change -8.25%
Treasury Stock Shares
Shareholders Equity $8.439B $6.812B
YoY Change
Total Liabilities & Shareholders Equity $19.68B $18.66B
YoY Change 19.57%

Cashflow Statement

Concept 2018 Q1 2017 Q2
OPERATING ACTIVITIES
Net Income $169.9M $170.6M
YoY Change -9.93%
Depreciation, Depletion And Amortization $123.6M $101.5M
YoY Change 1.4%
Cash From Operating Activities -$349.4M -$314.1M
YoY Change 237.38%
INVESTING ACTIVITIES
Capital Expenditures $106.3M $64.70M
YoY Change -0.31%
Acquisitions $1.200M $2.435B
YoY Change 18633.85%
Other Investing Activities -$2.700M $3.800M
YoY Change 8.57%
Cash From Investing Activities -$126.3M -$1.596B
YoY Change 1853.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.700M -$3.800M
YoY Change -101.08%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $215.9M $1.073B
YoY Change 2310.79%
NET CHANGE
Cash From Operating Activities -$349.4M -$314.1M
Cash From Investing Activities -$126.3M -$1.596B
Cash From Financing Activities $215.9M $1.073B
Net Change In Cash -$231.9M -$837.3M
YoY Change 542.59%
FREE CASH FLOW
Cash From Operating Activities -$349.4M -$314.1M
Capital Expenditures $106.3M $64.70M
Free Cash Flow -$455.7M -$378.8M
YoY Change 139.75%

Facts In Submission

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