2018 Q1 Form 10-Q Financial Statement

#000160171218000155 Filed on April 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
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 $71.00M $59.00M
YoY Change 20.34% 9.26%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $402.0M $326.0M
YoY Change 23.31% 4.82%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $847.0M $782.0M
YoY Change 8.31% -15.73%
Income Tax $207.0M $283.0M
% Of Pretax Income 24.44% 36.19%
Net Earnings $640.0M $499.0M
YoY Change 28.26% -14.26%
Net Earnings / Revenue
Basic Earnings Per Share $0.84 $0.61
Diluted Earnings Per Share $0.83 $0.61
COMMON SHARES
Basic Shares Outstanding 763.7M shares 813.1M shares
Diluted Shares Outstanding 770.3M shares 817.1M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $13.04B $11.39B
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 $992.0M
YoY Change -0.1% 4.53%
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 $95.56B $89.05B
YoY Change 7.31% 9.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.618B $2.888B
YoY Change 25.28% -3.7%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.618B $2.888B
YoY Change 25.28% -3.7%
LONG-TERM LIABILITIES
Long-Term Debt $21.02B $20.19B
YoY Change 4.07% -1.38%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $21.02B $20.19B
YoY Change 4.07% -1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.618B $2.888B
Total Long-Term Liabilities $21.02B $20.19B
Total Liabilities $81.20B $74.69B
YoY Change 8.72% 9.11%
SHAREHOLDERS EQUITY
Retained Earnings $7.334B $5.724B
YoY Change 28.13% 47.72%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.363B $712.0M
YoY Change 231.88%
Treasury Stock Shares 73.71M shares 23.18M shares
Shareholders Equity $14.36B $14.36B
YoY Change
Total Liabilities & Shareholders Equity $95.56B $89.05B
YoY Change 7.31% 9.06%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $640.0M $499.0M
YoY Change 28.26% -14.26%
Depreciation, Depletion And Amortization $71.00M $59.00M
YoY Change 20.34% 9.26%
Cash From Operating Activities $1.915B $1.480B
YoY Change 29.39% -1.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $76.00M $242.0M
YoY Change -68.6% 384.0%
Cash From Investing Activities $755.0M $1.380B
YoY Change -45.29% 14.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $410.0M $238.0M
YoY Change 72.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$313.0M -$829.0M
YoY Change -62.24% -67.18%
NET CHANGE
Cash From Operating Activities $1.915B $1.480B
Cash From Investing Activities $755.0M $1.380B
Cash From Financing Activities -$313.0M -$829.0M
Net Change In Cash $2.357B $2.031B
YoY Change 16.05% 1060.57%
FREE CASH FLOW
Cash From Operating Activities $1.915B $1.480B
Capital Expenditures
Free Cash Flow
YoY Change

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73000000 USD
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750000000 USD
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1417000000 USD
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 us-gaap Fiscal Period
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<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 2017 annual consolidated 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, 2017</font><font style="font-family:Arial;font-size:10pt;"> (our "2017 Form 10-K"). </font></div></div>

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