2018 Q4 Form 10-Q Financial Statement

#000111316918000023 Filed on October 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $1.305B $1.395B $1.298B
YoY Change 0.57% 12.59% 18.91%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $737.9M $716.1M $731.5M
YoY Change 0.87% 9.78% 49.41%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.60M $40.20M $36.70M
YoY Change 21.53% 14.86% 9.88%
% of Gross Profit
Operating Expenses $777.9M $754.0M $766.6M
YoY Change 1.47% 9.24% 22.09%
Operating Profit $640.6M $531.0M
YoY Change 16.79%
Interest Expense -$150.2M $124.8M $101.3M
YoY Change -248.27% 87.95% 623.57%
% of Operating Profit 19.48% 19.08%
Other Income/Expense, Net -$1.700M $124.9M $700.0K
YoY Change -342.86% 85.59% -138.89%
Pretax Income $390.4M $765.5M $633.0M
YoY Change -38.33% 24.31% 9.99%
Income Tax $118.4M $183.9M $175.3M
% Of Pretax Income 30.33% 24.02% 27.69%
Net Earnings $351.9M $583.0M $347.1M
YoY Change 1.38% 49.14% -8.61%
Net Earnings / Revenue 26.97% 41.8% 26.75%
Basic Earnings Per Share $1.43 $2.34 $1.40
Diluted Earnings Per Share $1.41 $2.30 $1.37
COMMON SHARES
Basic Shares Outstanding 240.7M shares 242.8M shares 242.3M shares
Diluted Shares Outstanding 247.5M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.425B $2.091B $1.903B
YoY Change -25.12% 11.88% 57.93%
Cash & Equivalents $1.425B $2.091B $1.903B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $550.0M $583.0M $565.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.975B $2.674B $2.468B
YoY Change -19.98% 12.49% 48.67%
LONG-TERM ASSETS
Property, Plant & Equipment $661.3M $657.0M $652.0M
YoY Change 1.43% 3.46% 6.0%
Goodwill $665.7M $665.7M $665.7M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $4.134B $4.332B $3.526B
YoY Change 17.24% 25.89% 20.01%
Other Assets
YoY Change
Total Long-Term Assets $5.714B $5.857B $5.067B
YoY Change 12.77% 17.07% 11.01%
TOTAL ASSETS
Total Short-Term Assets $1.975B $2.674B $2.468B
Total Long-Term Assets $5.714B $5.857B $5.067B
Total Assets $7.689B $8.531B $7.535B
YoY Change 2.04% 15.6% 21.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $229.0M $250.0M $216.0M
YoY Change 6.02% 28.87% 19.34%
Accrued Expenses $123.0M $512.0M $109.0M
YoY Change 12.84% 12.78% 17.2%
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 $406.0M $842.0M $393.0M
YoY Change 3.31% 26.62% 25.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $419.0M $368.0M $325.0M
YoY Change 28.92% 57.26% 49.77%
Total Long-Term Liabilities $419.0M $368.0M $325.0M
YoY Change 28.92% 57.26% 49.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $406.0M $842.0M $393.0M
Total Long-Term Liabilities $419.0M $368.0M $325.0M
Total Liabilities $824.7M $1.210B $718.2M
YoY Change 14.83% 34.72% 35.71%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $702.2M $703.0M $895.1M
YoY Change -21.55% -12.16% 27.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.124B $6.461B $5.824B
YoY Change
Total Liabilities & Shareholders Equity $7.689B $8.531B $7.535B
YoY Change 2.04% 15.6% 21.05%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $351.9M $583.0M $347.1M
YoY Change 1.38% 49.14% -8.61%
Depreciation, Depletion And Amortization $44.60M $40.20M $36.70M
YoY Change 21.53% 14.86% 9.88%
Cash From Operating Activities $133.5M $557.1M -$123.3M
YoY Change -208.27% 160.81% 26.2%
INVESTING ACTIVITIES
Capital Expenditures -$47.00M -$42.90M -$57.00M
YoY Change -17.54% -7.74% 59.22%
Acquisitions
YoY Change
Other Investing Activities $1.900M $156.5M $20.60M
YoY Change -90.78% -1096.82% -35.02%
Cash From Investing Activities -$45.10M $113.6M -$36.40M
YoY Change 23.9% -282.64% 787.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -776.4M -74.90M 190.9M
YoY Change -506.71% -136.39% -245.61%
NET CHANGE
Cash From Operating Activities 133.5M 557.1M -123.3M
Cash From Investing Activities -45.10M 113.6M -36.40M
Cash From Financing Activities -776.4M -74.90M 190.9M
Net Change In Cash -688.0M 595.8M 31.20M
YoY Change -2305.13% 66.8% -113.4%
FREE CASH FLOW
Cash From Operating Activities $133.5M $557.1M -$123.3M
Capital Expenditures -$47.00M -$42.90M -$57.00M
Free Cash Flow $180.5M $600.0M -$66.30M
YoY Change -372.25% 130.68% 7.11%

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