2019 Q2 Form 10-Q Financial Statement

#000111316919000024 Filed on July 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $1.395B $1.345B $1.328B
YoY Change 3.73% 13.41% 17.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $746.7M $713.2M $702.1M
YoY Change 4.7% 10.75% 12.82%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.10M $37.80M $36.90M
YoY Change 16.67% 4.13% 3.65%
% of Gross Profit
Operating Expenses $780.1M $750.3M $744.2M
YoY Change 3.97% 10.6% 21.82%
Operating Profit $615.1M $594.7M $583.8M
YoY Change 3.43% 17.16% 11.9%
Interest Expense $124.5M $36.50M $15.20M
YoY Change 241.1% -67.06% -86.63%
% of Operating Profit 20.24% 6.14% 2.6%
Other Income/Expense, Net $124.5M $34.10M $16.10M
YoY Change 265.1% -69.55% -86.0%
Pretax Income $739.6M $628.8M $599.9M
YoY Change 17.62% 1.48% -5.78%
Income Tax $183.7M $169.2M $144.4M
% Of Pretax Income 24.84% 26.91% 24.07%
Net Earnings $527.5M $448.9M $453.7M
YoY Change 17.51% 20.06% 17.57%
Net Earnings / Revenue 37.81% 33.38% 34.16%
Basic Earnings Per Share $2.18 $1.81 $1.81
Diluted Earnings Per Share $2.15 $1.77 $1.77
COMMON SHARES
Basic Shares Outstanding 235.9M shares 242.2M shares 244.3M shares
Diluted Shares Outstanding 239.2M shares 247.4M shares 249.8M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.802B $1.484B $1.681B
YoY Change 21.43% -3.76% 6.33%
Cash & Equivalents $1.802B $1.484B $1.681B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $620.0M $564.0M $594.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.422B $2.048B $2.275B
YoY Change 18.26% 0.84% 10.22%
LONG-TERM ASSETS
Property, Plant & Equipment $672.0M $655.2M $650.2M
YoY Change 2.56% 4.95% 4.0%
Goodwill $665.7M $665.7M $665.7M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $4.779B $4.317B $3.606B
YoY Change 10.7% 46.94% 36.23%
Other Assets
YoY Change
Total Long-Term Assets $6.490B $5.834B $5.099B
YoY Change 11.25% 29.6% 21.08%
TOTAL ASSETS
Total Short-Term Assets $2.422B $2.048B $2.275B
Total Long-Term Assets $6.490B $5.834B $5.099B
Total Assets $8.912B $7.882B $7.374B
YoY Change 13.07% 20.66% 17.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.0M $220.0M $241.0M
YoY Change -12.27% 18.28% 29.57%
Accrued Expenses $529.0M $350.0M $187.0M
YoY Change 51.14% 14.38% 13.33%
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 $774.0M $626.0M $588.0M
YoY Change 23.64% 23.23% -3.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $547.0M $402.0M $338.0M
YoY Change 36.07% 76.32% 65.69%
Total Long-Term Liabilities $547.0M $402.0M $338.0M
YoY Change 36.07% 76.32% 65.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $774.0M $626.0M $588.0M
Total Long-Term Liabilities $547.0M $402.0M $338.0M
Total Liabilities $1.321B $1.028B $925.9M
YoY Change 28.44% 39.65% 13.43%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $701.7M $703.2M $703.3M
YoY Change -0.21% 0.09% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.579B $6.115B $5.902B
YoY Change
Total Liabilities & Shareholders Equity $8.912B $7.882B $7.374B
YoY Change 13.07% 20.66% 17.51%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $527.5M $448.9M $453.7M
YoY Change 17.51% 20.06% 17.57%
Depreciation, Depletion And Amortization $44.10M $37.80M $36.90M
YoY Change 16.67% 4.13% 3.65%
Cash From Operating Activities $370.1M $408.3M $521.0M
YoY Change -9.36% -928.19% 176.39%
INVESTING ACTIVITIES
Capital Expenditures -$46.80M -$41.90M $36.70M
YoY Change 11.69% 17.37% -21.75%
Acquisitions
YoY Change
Other Investing Activities $51.50M -$382.3M -$1.800M
YoY Change -113.47% -365.67% -700.0%
Cash From Investing Activities $4.700M -$424.2M -$519.8M
YoY Change -101.11% -492.05% -1868.03%
FINANCING ACTIVITIES
Cash Dividend Paid $174.8M
YoY Change 24.06%
Common Stock Issuance & Retirement, Net $291.3M
YoY Change -4.84%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -195.5M -146.1M -$242.1M
YoY Change 33.81% 79.93% -265.82%
NET CHANGE
Cash From Operating Activities 370.1M 408.3M $521.0M
Cash From Investing Activities 4.700M -424.2M -$519.8M
Cash From Financing Activities -195.5M -146.1M -$242.1M
Net Change In Cash 179.3M -162.0M -$239.6M
YoY Change -210.68% 626.46% -165.84%
FREE CASH FLOW
Cash From Operating Activities $370.1M $408.3M $521.0M
Capital Expenditures -$46.80M -$41.90M $36.70M
Free Cash Flow $416.9M $450.2M $484.3M
YoY Change -7.4% -3410.29% 242.02%

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Investments
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OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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OperatingLeaseExpense
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CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
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CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
273800000 USD
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
248600000 shares

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0001113169-19-000024.txt Edgar Link pending
0001113169-19-000024-xbrl.zip Edgar Link pending
a10q-q22019.htm Edgar Link pending
a10q-q22019_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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