2016 Q4 Form 10-K Financial Statement

#000111316918000009 Filed on February 16, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $1.091B $1.093B $1.045B
YoY Change 3.71% 4.18% -2.58%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $489.6M $482.9M $462.3M
YoY Change 6.02% 2.53% 1.92%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.40M $34.00M $33.80M
YoY Change 4.7% 2.72% 4.97%
% of Gross Profit
Operating Expenses $627.9M $617.2M $761.2M
YoY Change 5.14% 4.49% 34.82%
Operating Profit $475.7M $283.5M
YoY Change 3.8% -44.17%
Interest Expense $14.00M $88.30M $41.70M
YoY Change -67.74% 29333.33% 30.72%
% of Operating Profit 18.56% 14.71%
Other Income/Expense, Net -$1.800M $88.30M $41.50M
YoY Change 29333.33% 25.76%
Pretax Income $575.5M $564.0M $325.0M
YoY Change 15.47% 22.98% -39.9%
Income Tax $208.7M $201.3M $113.8M
% Of Pretax Income 36.26% 35.69% 35.02%
Net Earnings $379.8M $327.8M $203.3M
YoY Change 25.26% 18.3% -38.99%
Net Earnings / Revenue 34.81% 29.99% 19.46%
Basic Earnings Per Share $1.53 $1.30 $0.81
Diluted Earnings Per Share $1.50 $1.28 $0.79
COMMON SHARES
Basic Shares Outstanding 243.4M shares 245.6M shares 246.9M shares
Diluted Shares Outstanding 250.1M shares 252.6M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.205B $1.401B $1.275B
YoY Change 2.82% 20.36% 0.47%
Cash & Equivalents $1.205B $1.401B $1.383B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $455.0M $447.0M $427.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.660B $1.848B $1.702B
YoY Change 2.6% 15.86% -0.93%
LONG-TERM ASSETS
Property, Plant & Equipment $615.1M $615.6M $621.0M
YoY Change 1.32% 2.09% 2.26%
Goodwill $665.7M $665.7M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $2.938B $3.349B $3.265B
YoY Change 45.52% 52.16% 43.77%
Other Assets
YoY Change
Total Long-Term Assets $4.565B $4.876B $4.880B
YoY Change 30.84% 32.79% 31.97%
TOTAL ASSETS
Total Short-Term Assets $1.660B $1.848B $1.702B
Total Long-Term Assets $4.565B $4.876B $4.880B
Total Assets $6.225B $6.724B $6.582B
YoY Change 21.89% 27.66% 21.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $181.0M $205.0M $181.0M
YoY Change 5.85% 18.5% 7.1%
Accrued Expenses $93.00M $478.0M $343.0M
YoY Change -39.22% 17.73% 27.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $313.0M $723.0M $533.0M
YoY Change -9.28% 21.72% 18.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $217.0M $53.00M $78.00M
YoY Change
Total Long-Term Liabilities $217.0M $53.00M $78.00M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $313.0M $723.0M $533.0M
Total Long-Term Liabilities $217.0M $53.00M $78.00M
Total Liabilities $529.2M $775.9M $610.4M
YoY Change 53.44% 30.84% 36.13%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $703.5M $703.5M $753.4M
YoY Change -0.17% 0.0% 7.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.009B $4.834B $4.861B
YoY Change
Total Liabilities & Shareholders Equity $6.225B $6.724B $6.582B
YoY Change 21.89% 27.66% 21.53%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $379.8M $327.8M $203.3M
YoY Change 25.26% 18.3% -38.99%
Depreciation, Depletion And Amortization $33.40M $34.00M $33.80M
YoY Change 4.7% 2.72% 4.97%
Cash From Operating Activities -$97.70M $282.4M -$86.70M
YoY Change -171.37% -44.29% -125.28%
INVESTING ACTIVITIES
Capital Expenditures -$35.80M -$33.30M -$44.00M
YoY Change -2.45% -4.03% 13.99%
Acquisitions
YoY Change
Other Investing Activities $31.70M -$18.40M -$1.800M
YoY Change -83.69% -192.0% -104.64%
Cash From Investing Activities -$4.100M -$51.70M -$45.80M
YoY Change -102.6% 251.7% -23000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -131.1M -129.1M 134.6M
YoY Change -54.26% -78.38% -115.22%
NET CHANGE
Cash From Operating Activities -97.70M 282.4M -86.70M
Cash From Investing Activities -4.100M -51.70M -45.80M
Cash From Financing Activities -131.1M -129.1M 134.6M
Net Change In Cash -232.9M 101.6M 2.100M
YoY Change -3048.1% -196.95% -100.39%
FREE CASH FLOW
Cash From Operating Activities -$97.70M $282.4M -$86.70M
Capital Expenditures -$35.80M -$33.30M -$44.00M
Free Cash Flow -$61.90M $315.7M -$42.70M
YoY Change -135.66% -41.71% -111.19%

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CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6400000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9900000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5000000 shares
CY2016Q4 us-gaap Assets
Assets
6225000000 USD
CY2017Q4 us-gaap Assets
Assets
7534700000 USD
CY2015 us-gaap Assets Under Management Average Balance
AssetsUnderManagementAverageBalance
767900000000 USD
CY2016 us-gaap Assets Under Management Average Balance
AssetsUnderManagementAverageBalance
778200000000 USD
CY2017 us-gaap Assets Under Management Average Balance
AssetsUnderManagementAverageBalance
909000000000 USD
CY2016Q4 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
810800000000 USD
CY2017Q4 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
991100000000 USD
CY2016Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
89700000 USD
CY2017Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14400000 USD
CY2016Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6900000 USD
CY2017Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4500000 USD
CY2016Q4 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
626200000 USD
CY2017Q4 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
587200000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2700000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4100000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
6900000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
4500000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
497600000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
404700000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4200000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
400000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
328100000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
213200000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
169500000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
191500000 USD
CY2016Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
709000000 USD
CY2017Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
597100000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
56500000 USD
CY2016 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
53000000 USD
CY2017 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
83100000 USD
CY2016Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
8 security
CY2017Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
2 security
CY2015 us-gaap Available For Sale Securities Transfers To Trading Gross Gains
AvailableForSaleSecuritiesTransfersToTradingGrossGains
0 USD
CY2016 us-gaap Available For Sale Securities Transfers To Trading Gross Gains
AvailableForSaleSecuritiesTransfersToTradingGrossGains
0 USD
CY2017 us-gaap Available For Sale Securities Transfers To Trading Gross Gains
AvailableForSaleSecuritiesTransfersToTradingGrossGains
23600000 USD
CY2016Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
10 security
CY2017Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
4 security
CY2016Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
2 security
CY2017Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
2 security
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1204900000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1902700000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-333800000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
98200000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
735300000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.2
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.2
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
244784000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
245111000 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
244784000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
245111000 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
49000000 USD
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
49000000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1173200000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1172400000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1482700000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
36500000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
104600000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1173200000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1208900000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1587300000 USD
CY2016Q4 us-gaap Cost Method Investments
CostMethodInvestments
73600000 USD
CY2017Q4 us-gaap Cost Method Investments
CostMethodInvestments
78000000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
669500000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
573700000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
708100000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
18900000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
13500000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
13100000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
134300000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
105800000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
131000000 USD
CY2016Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
150900000 USD
CY2017Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
269300000 USD
CY2016Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
132500000 USD
CY2017Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
70300000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-43300000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13500000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
71700000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
143300000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
111200000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
275800000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
181500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
7700000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6800000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
23000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
2200000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
5600000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
4400000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
165100000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
92700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
16100000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
8800000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
27500000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
18900000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
33400000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
3100000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
39200000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
35300000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
74900000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
80700000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
89400000 USD
CY2015 us-gaap Depreciation Nonproduction
DepreciationNonproduction
126300000 USD
CY2016 us-gaap Depreciation Nonproduction
DepreciationNonproduction
133400000 USD
CY2017 us-gaap Depreciation Nonproduction
DepreciationNonproduction
143600000 USD
CY2015 us-gaap Distribution Fees
DistributionFees
151500000 USD
CY2016 us-gaap Distribution Fees
DistributionFees
141700000 USD
CY2017 us-gaap Distribution Fees
DistributionFees
147000000 USD
CY2015 us-gaap Dividends Cash
DividendsCash
1059000000 USD
CY2016 us-gaap Dividends Cash
DividendsCash
541200000 USD
CY2017 us-gaap Dividends Cash
DividendsCash
562600000 USD
CY2015 us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 USD
CY2016 us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 USD
CY2017 us-gaap Dividends Sharebased Compensation Paid In Kind
DividendsSharebasedCompensationPaidInKind
0 USD
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.74
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.30
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.85
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.40
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.07
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.63
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.75
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.97
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
0 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2100000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
5300000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.389
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.360
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.369
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.007
CY2017 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.013
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.039
CY2016Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
92600000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
108500000 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
356400000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
665700000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
665700000 USD
CY2016Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
1000000 USD
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
1000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2002400000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1960500000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2505100000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
779400000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
706500000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
923900000 USD
CY2016Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
8100000 USD
CY2017Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
43200000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
778600000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
680600000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
857700000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
98200000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
138600000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
323400000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3200000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9300000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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100800000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-7100000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
125900000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2000000 USD
CY2015 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
3687300000 USD
CY2016 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
3728700000 USD
CY2017 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
4287700000 USD
CY2015 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
4200600000 USD
CY2016Q1 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
994100000 USD
CY2016Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1044700000 USD
CY2016Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1092900000 USD
CY2016Q4 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1091200000 USD
CY2016 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
4222900000 USD
CY2017Q1 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1113600000 USD
CY2017Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1171600000 USD
CY2017Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1221700000 USD
CY2017Q4 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
1286100000 USD
CY2017 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
4793000000 USD
CY2016Q4 us-gaap Investments
Investments
1257500000 USD
CY2017Q4 us-gaap Investments
Investments
1477300000 USD
CY2015 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1443600000 USD
CY2016 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1494000000 USD
CY2017 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1664900000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
31100000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
32800000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
36000000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
529200000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
717500000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6225000000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7534700000 USD
CY2015 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
79700000 USD
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
79900000 USD
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
92000000 USD
CY2016Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1052300000 USD
CY2017Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1726400000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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-1973300000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-176400000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
461500000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
109000000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
106200000 USD
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71.77
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1581200000 USD
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0 USD
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0 USD
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82.37
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293000000 USD
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39631 shares
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126404 shares
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17.35
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10.62
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577600000 USD
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24364322 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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61.90
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
66.98
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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53.04
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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76.06
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75.16
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P4Y6M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P5Y1M
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0 USD
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604000000 USD
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5600000 USD
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5800000 USD
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6200000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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7600000 USD
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1200000 USD
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1500000 USD
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2300000 USD
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200000 USD
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200000 USD
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0 USD
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66200000 USD
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2048400000 USD
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65600000 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
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55900000 USD
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CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250300000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245100000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254600000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245500000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017 us-gaap Advertising Cost Policy Expensed Advertising Cost
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs of advertising are expensed the first time that the advertising takes place.</font></div></div>
CY2017 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These principles require that we make certain estimates and assumptions. Actual results may vary from our estimates. </font></div></div>

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