2017 Q2 Form 10-Q Financial Statement

#000160171217000089 Filed on July 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.00M $54.00M
YoY Change 9.26% 22.73%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $333.0M $303.0M
YoY Change 9.9% 12.22%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $788.0M $771.0M
YoY Change 2.2% -10.45%
Income Tax $292.0M $282.0M
% Of Pretax Income 37.06% 36.58%
Net Earnings $496.0M $489.0M
YoY Change 1.43% -9.61%
Net Earnings / Revenue
Basic Earnings Per Share $0.62 $0.59
Diluted Earnings Per Share $0.61 $0.58
COMMON SHARES
Basic Shares Outstanding 804.0M shares 833.9M shares
Diluted Shares Outstanding 807.4M shares 836.2M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $12.02B $11.79B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $991.0M $949.0M
YoY Change 4.43% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $91.14B $82.38B
YoY Change 10.63% 8.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.214B $2.947B
YoY Change 9.06% 8.83%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.214B $2.947B
YoY Change 9.06% 8.83%
LONG-TERM LIABILITIES
Long-Term Debt $20.71B $19.30B
YoY Change 7.33% -18.56%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.71B $19.30B
YoY Change 7.33% -18.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.214B $2.947B
Total Long-Term Liabilities $20.71B $19.30B
Total Liabilities $76.81B $68.67B
YoY Change 11.85% 7.01%
SHAREHOLDERS EQUITY
Retained Earnings $6.109B $4.364B
YoY Change 39.99% 100.92%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.144B
YoY Change
Treasury Stock Shares 38.66M shares
Shareholders Equity $14.33B $13.72B
YoY Change
Total Liabilities & Shareholders Equity $91.14B $82.38B
YoY Change 10.63% 8.76%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $496.0M $489.0M
YoY Change 1.43% -9.61%
Depreciation, Depletion And Amortization $59.00M $54.00M
YoY Change 9.26% 22.73%
Cash From Operating Activities $1.724B $1.472B
YoY Change 17.12% 12.11%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.820B -$2.436B
YoY Change -25.29% -43.88%
Cash From Investing Activities -$1.820B -$2.436B
YoY Change -25.29% -43.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.284B 251.0M
YoY Change 411.55% -89.68%
NET CHANGE
Cash From Operating Activities 1.724B 1.472B
Cash From Investing Activities -1.820B -2.436B
Cash From Financing Activities 1.284B 251.0M
Net Change In Cash 1.188B -713.0M
YoY Change -266.62% 19.43%
FREE CASH FLOW
Cash From Operating Activities $1.724B $1.472B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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24000000 USD
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1570000000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash
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520000000 USD
CY2016Q2 us-gaap Information Technology And Data Processing
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us-gaap Information Technology And Data Processing
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us-gaap Information Technology And Data Processing
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us-gaap Interest And Dividend Income Securities Available For Sale
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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CY2017Q2 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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us-gaap Payments For Proceeds From Loans And Leases
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Common Stock
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210000000 USD
us-gaap Payments To Acquire Available For Sale Securities
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CY2016Q4 us-gaap Stockholders Equity
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14200000000 USD
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15100000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
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CY2016Q4 us-gaap Unrecognized Tax Benefits
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CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1900000 shares
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3700000 shares
CY2016Q2 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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835800000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
812200000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
833900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
833900000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
804000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
808500000 shares
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Interim Period Presentation</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The condensed consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed consolidated financial statements should not be considered as necessarily indicative of results that may be expected for the entire year. These condensed consolidated financial statements should be read in conjunction with our 2016 annual consolidated and combined financial statements and the related notes in our Annual Report on Form 10-K for the year ended </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:Arial;font-size:10pt;"> (our "2016 Form 10-K"). </font></div></div>

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