2018 Q2 Form 10-Q Financial Statement

#000160171218000209 Filed on July 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 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 $73.00M $59.00M
YoY Change 23.73% 9.26%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $437.0M $333.0M
YoY Change 31.23% 9.9%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $892.0M $788.0M
YoY Change 13.2% 2.2%
Income Tax $196.0M $292.0M
% Of Pretax Income 21.97% 37.06%
Net Earnings $696.0M $496.0M
YoY Change 40.32% 1.43%
Net Earnings / Revenue
Basic Earnings Per Share $0.93 $0.62
Diluted Earnings Per Share $0.92 $0.61
COMMON SHARES
Basic Shares Outstanding 752.2M shares 804.0M shares
Diluted Shares Outstanding 758.3M shares 807.4M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $15.68B $12.02B
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 $1.024B $991.0M
YoY Change 3.33% 4.43%
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 $99.12B $91.14B
YoY Change 8.76% 10.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.932B $3.214B
YoY Change 22.34% 9.06%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.932B $3.214B
YoY Change 22.34% 9.06%
LONG-TERM LIABILITIES
Long-Term Debt $21.72B $20.71B
YoY Change 4.89% 7.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $21.72B $20.71B
YoY Change 4.89% 7.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.932B $3.214B
Total Long-Term Liabilities $21.72B $20.71B
Total Liabilities $84.66B $76.81B
YoY Change 10.23% 11.85%
SHAREHOLDERS EQUITY
Retained Earnings $7.906B $6.109B
YoY Change 29.42% 39.99%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.842B $1.144B
YoY Change 148.43%
Treasury Stock Shares 87.39M shares 38.66M shares
Shareholders Equity $14.46B $14.33B
YoY Change
Total Liabilities & Shareholders Equity $99.12B $91.14B
YoY Change 8.76% 10.63%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $696.0M $496.0M
YoY Change 40.32% 1.43%
Depreciation, Depletion And Amortization $73.00M $59.00M
YoY Change 23.73% 9.26%
Cash From Operating Activities $2.166B $1.724B
YoY Change 25.64% 17.12%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$3.029B -$1.820B
YoY Change 66.43% -25.29%
Cash From Investing Activities -$3.029B -$1.820B
YoY Change 66.43% -25.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.579B 1.284B
YoY Change 100.86% 411.55%
NET CHANGE
Cash From Operating Activities 2.166B 1.724B
Cash From Investing Activities -3.029B -1.820B
Cash From Financing Activities 2.579B 1.284B
Net Change In Cash 1.716B 1.188B
YoY Change 44.44% -266.62%
FREE CASH FLOW
Cash From Operating Activities $2.166B $1.724B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
168000000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3700000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6100000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6400000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
807400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
812200000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
758300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
764300000 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
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
752200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
757900000 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 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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