2018 Q4 Form 10-K Financial Statement

#000111316920000008 Filed on February 13, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $1.305B $1.395B $1.345B
YoY Change 0.57% 12.59% 13.41%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $737.9M $716.1M $713.2M
YoY Change 0.87% 9.78% 10.75%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.60M $40.20M $37.80M
YoY Change 21.53% 14.86% 4.13%
% of Gross Profit
Operating Expenses $777.9M $754.0M $750.3M
YoY Change 1.47% 9.24% 10.6%
Operating Profit $640.6M $594.7M
YoY Change 16.79% 17.16%
Interest Expense -$150.2M $124.8M $36.50M
YoY Change -248.27% 87.95% -67.06%
% of Operating Profit 19.48% 6.14%
Other Income/Expense, Net -$1.700M $124.9M $34.10M
YoY Change -342.86% 85.59% -69.55%
Pretax Income $390.4M $765.5M $628.8M
YoY Change -38.33% 24.31% 1.48%
Income Tax $118.4M $183.9M $169.2M
% Of Pretax Income 30.33% 24.02% 26.91%
Net Earnings $351.9M $583.0M $448.9M
YoY Change 1.38% 49.14% 20.06%
Net Earnings / Revenue 26.97% 41.8% 33.38%
Basic Earnings Per Share $1.43 $2.34 $1.81
Diluted Earnings Per Share $1.41 $2.30 $1.77
COMMON SHARES
Basic Shares Outstanding 240.7M shares 242.8M shares 242.2M shares
Diluted Shares Outstanding 247.5M shares 247.4M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.425B $2.091B $1.484B
YoY Change -25.12% 11.88% -3.76%
Cash & Equivalents $1.425B $2.091B $1.484B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $550.0M $583.0M $564.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.975B $2.674B $2.048B
YoY Change -19.98% 12.49% 0.84%
LONG-TERM ASSETS
Property, Plant & Equipment $661.3M $657.0M $655.2M
YoY Change 1.43% 3.46% 4.95%
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 $4.317B
YoY Change 17.24% 25.89% 46.94%
Other Assets
YoY Change
Total Long-Term Assets $5.714B $5.857B $5.834B
YoY Change 12.77% 17.07% 29.6%
TOTAL ASSETS
Total Short-Term Assets $1.975B $2.674B $2.048B
Total Long-Term Assets $5.714B $5.857B $5.834B
Total Assets $7.689B $8.531B $7.882B
YoY Change 2.04% 15.6% 20.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $229.0M $250.0M $220.0M
YoY Change 6.02% 28.87% 18.28%
Accrued Expenses $123.0M $512.0M $350.0M
YoY Change 12.84% 12.78% 14.38%
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 $626.0M
YoY Change 3.31% 26.62% 23.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $419.0M $368.0M $402.0M
YoY Change 28.92% 57.26% 76.32%
Total Long-Term Liabilities $419.0M $368.0M $402.0M
YoY Change 28.92% 57.26% 76.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $406.0M $842.0M $626.0M
Total Long-Term Liabilities $419.0M $368.0M $402.0M
Total Liabilities $824.7M $1.210B $1.028B
YoY Change 14.83% 34.72% 39.65%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $702.2M $703.0M $703.2M
YoY Change -21.55% -12.16% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.124B $6.461B $6.115B
YoY Change
Total Liabilities & Shareholders Equity $7.689B $8.531B $7.882B
YoY Change 2.04% 15.6% 20.66%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $351.9M $583.0M $448.9M
YoY Change 1.38% 49.14% 20.06%
Depreciation, Depletion And Amortization $44.60M $40.20M $37.80M
YoY Change 21.53% 14.86% 4.13%
Cash From Operating Activities $133.5M $557.1M $408.3M
YoY Change -208.27% 160.81% -928.19%
INVESTING ACTIVITIES
Capital Expenditures -$47.00M -$42.90M -$41.90M
YoY Change -17.54% -7.74% 17.37%
Acquisitions
YoY Change
Other Investing Activities $1.900M $156.5M -$382.3M
YoY Change -90.78% -1096.82% -365.67%
Cash From Investing Activities -$45.10M $113.6M -$424.2M
YoY Change 23.9% -282.64% -492.05%
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 -146.1M
YoY Change -506.71% -136.39% 79.93%
NET CHANGE
Cash From Operating Activities 133.5M 557.1M 408.3M
Cash From Investing Activities -45.10M 113.6M -424.2M
Cash From Financing Activities -776.4M -74.90M -146.1M
Net Change In Cash -688.0M 595.8M -162.0M
YoY Change -2305.13% 66.8% 626.46%
FREE CASH FLOW
Cash From Operating Activities $133.5M $557.1M $408.3M
Capital Expenditures -$47.00M -$42.90M -$41.90M
Free Cash Flow $180.5M $600.0M $450.2M
YoY Change -372.25% 130.68% -3410.29%

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CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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11000000.0 USD
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33900000 USD
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4500000 USD
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0.08

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