2018 Q1 Form 10-Q Financial Statement

#000111316918000014 Filed on April 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.328B $1.133B
YoY Change 17.25% 13.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $702.1M $622.3M
YoY Change 12.82% 37.19%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.90M $35.60M
YoY Change 3.65% 10.56%
% of Gross Profit
Operating Expenses $744.2M $610.9M
YoY Change 21.82% 4.75%
Operating Profit $583.8M $521.7M
YoY Change 11.9% 26.97%
Interest Expense $15.20M $113.7M
YoY Change -86.63% 33.61%
% of Operating Profit 2.6% 21.79%
Other Income/Expense, Net $16.10M $115.0M
YoY Change -86.0% 35.14%
Pretax Income $599.9M $636.7M
YoY Change -5.78% 28.37%
Income Tax $144.4M $236.3M
% Of Pretax Income 24.07% 37.11%
Net Earnings $453.7M $385.9M
YoY Change 17.57% 26.9%
Net Earnings / Revenue 34.16% 34.07%
Basic Earnings Per Share $1.81 $1.56
Diluted Earnings Per Share $1.77 $1.54
COMMON SHARES
Basic Shares Outstanding 244.3M shares 242.1M shares
Diluted Shares Outstanding 249.8M shares 245.5M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.681B $1.581B
YoY Change 6.33% 19.5%
Cash & Equivalents $1.681B $1.581B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $594.0M $483.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.275B $2.064B
YoY Change 10.22% 17.88%
LONG-TERM ASSETS
Property, Plant & Equipment $650.2M $625.2M
YoY Change 4.0% 1.99%
Goodwill $665.7M $665.7M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $3.606B $2.647B
YoY Change 36.23% -21.01%
Other Assets
YoY Change
Total Long-Term Assets $5.099B $4.212B
YoY Change 21.08% -5.42%
TOTAL ASSETS
Total Short-Term Assets $2.275B $2.064B
Total Long-Term Assets $5.099B $4.212B
Total Assets $7.374B $6.276B
YoY Change 17.51% 1.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $241.0M $186.0M
YoY Change 29.57% 8.14%
Accrued Expenses $187.0M $165.0M
YoY Change 13.33% -23.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $588.0M $612.0M
YoY Change -3.92% 10.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $338.0M $204.0M
YoY Change 65.69% 245.76%
Total Long-Term Liabilities $338.0M $204.0M
YoY Change 65.69% 245.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $588.0M $612.0M
Total Long-Term Liabilities $338.0M $204.0M
Total Liabilities $925.9M $816.3M
YoY Change 13.43% 32.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $703.3M $702.9M
YoY Change 0.06% -1.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.902B $5.000B
YoY Change
Total Liabilities & Shareholders Equity $7.374B $6.276B
YoY Change 17.51% 1.16%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $453.7M $385.9M
YoY Change 17.57% 26.9%
Depreciation, Depletion And Amortization $36.90M $35.60M
YoY Change 3.65% 10.56%
Cash From Operating Activities $521.0M $188.5M
YoY Change 176.39% 160.0%
INVESTING ACTIVITIES
Capital Expenditures $36.70M $46.90M
YoY Change -21.75% 33.24%
Acquisitions
YoY Change
Other Investing Activities -$1.800M $300.0K
YoY Change -700.0%
Cash From Investing Activities -$519.8M $29.40M
YoY Change -1868.03% -85.85%
FINANCING ACTIVITIES
Cash Dividend Paid $174.8M $140.9M
YoY Change 24.06% 3.68%
Common Stock Issuance & Retirement, Net $291.3M $306.1M
YoY Change -4.84% 48.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$242.1M $146.0M
YoY Change -265.82% -387.4%
NET CHANGE
Cash From Operating Activities $521.0M $188.5M
Cash From Investing Activities -$519.8M $29.40M
Cash From Financing Activities -$242.1M $146.0M
Net Change In Cash -$239.6M $363.9M
YoY Change -165.84% 58.56%
FREE CASH FLOW
Cash From Operating Activities $521.0M $188.5M
Capital Expenditures $36.70M $46.90M
Free Cash Flow $484.3M $141.6M
YoY Change 242.02% 279.62%

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0 USD
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CY2018Q1 us-gaap Preferred Stock Value
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CY2017Q1 us-gaap Proceeds From Payments For Trading Securities
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CY2018Q1 us-gaap Proceeds From Payments For Trading Securities
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36700000 USD
CY2017Q1 us-gaap Profit Loss
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400400000 USD
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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66.98
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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67.76
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59.69
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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71.15
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2017Q1 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
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CY2018Q1 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
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242100000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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244300000 shares

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