2018 Q2 Form 10-Q Financial Statement

#000111316918000018 Filed on July 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.345B $1.186B
YoY Change 13.41% 13.53%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $713.2M $644.0M
YoY Change 10.75% 39.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.80M $36.30M
YoY Change 4.13% 7.4%
% of Gross Profit
Operating Expenses $750.3M $678.4M
YoY Change 10.6% -10.88%
Operating Profit $594.7M $507.6M
YoY Change 17.16% 79.05%
Interest Expense $36.50M $110.8M
YoY Change -67.06% 165.71%
% of Operating Profit 6.14% 21.83%
Other Income/Expense, Net $34.10M $112.0M
YoY Change -69.55% 169.88%
Pretax Income $628.8M $619.6M
YoY Change 1.48% 90.65%
Income Tax $169.2M $229.6M
% Of Pretax Income 26.91% 37.06%
Net Earnings $448.9M $373.9M
YoY Change 20.06% 83.92%
Net Earnings / Revenue 33.38% 31.53%
Basic Earnings Per Share $1.81 $1.52
Diluted Earnings Per Share $1.77 $1.50
COMMON SHARES
Basic Shares Outstanding 242.2M shares 239.8M shares
Diluted Shares Outstanding 247.4M shares 243.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.484B $1.542B
YoY Change -3.76% 20.94%
Cash & Equivalents $1.484B $1.542B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $564.0M $489.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.048B $2.031B
YoY Change 0.84% 19.33%
LONG-TERM ASSETS
Property, Plant & Equipment $655.2M $624.3M
YoY Change 4.95% 0.53%
Goodwill $665.7M $665.7M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $4.317B $2.938B
YoY Change 46.94% -10.02%
Other Assets
YoY Change
Total Long-Term Assets $5.834B $4.502B
YoY Change 29.6% -7.75%
TOTAL ASSETS
Total Short-Term Assets $2.048B $2.031B
Total Long-Term Assets $5.834B $4.502B
Total Assets $7.882B $6.533B
YoY Change 20.66% -0.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.0M $186.0M
YoY Change 18.28% 2.76%
Accrued Expenses $350.0M $306.0M
YoY Change 14.38% -10.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $626.0M $508.0M
YoY Change 23.23% -4.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $402.0M $228.0M
YoY Change 76.32% 192.31%
Total Long-Term Liabilities $402.0M $228.0M
YoY Change 76.32% 192.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $626.0M $508.0M
Total Long-Term Liabilities $402.0M $228.0M
Total Liabilities $1.028B $736.4M
YoY Change 39.65% 20.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $703.2M $702.6M
YoY Change 0.09% -6.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.115B $5.169B
YoY Change
Total Liabilities & Shareholders Equity $7.882B $6.533B
YoY Change 20.66% -0.75%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $448.9M $373.9M
YoY Change 20.06% 83.92%
Depreciation, Depletion And Amortization $37.80M $36.30M
YoY Change 4.13% 7.4%
Cash From Operating Activities $408.3M -$49.30M
YoY Change -928.19% -43.14%
INVESTING ACTIVITIES
Capital Expenditures -$41.90M -$35.70M
YoY Change 17.37% -18.86%
Acquisitions
YoY Change
Other Investing Activities -$382.3M $143.9M
YoY Change -365.67% -8094.44%
Cash From Investing Activities -$424.2M $108.2M
YoY Change -492.05% -336.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -146.1M -81.20M
YoY Change 79.93% -160.33%
NET CHANGE
Cash From Operating Activities 408.3M -49.30M
Cash From Investing Activities -424.2M 108.2M
Cash From Financing Activities -146.1M -81.20M
Net Change In Cash -162.0M -22.30M
YoY Change 626.46% -1161.9%
FREE CASH FLOW
Cash From Operating Activities $408.3M -$49.30M
Capital Expenditures -$41.90M -$35.70M
Free Cash Flow $450.2M -$13.60M
YoY Change -3410.29% -68.15%

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