2018 Q2 Form 10-Q Financial Statement

#000010051718000012 Filed on July 18, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $10.78B $10.01B
YoY Change 7.68% 6.51%
Cost Of Revenue $4.265B $3.383B
YoY Change 26.07% 7.33%
Gross Profit $6.512B $6.625B
YoY Change -1.71% 6.1%
Gross Profit Margin 60.42% 66.2%
Selling, General & Admin $3.271B $3.227B
YoY Change 1.36% 10.1%
% of Gross Profit 50.23% 48.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $538.0M $536.0M
YoY Change 0.37% 9.16%
% of Gross Profit 8.26% 8.09%
Operating Expenses $5.238B $5.144B
YoY Change 1.83% 8.29%
Operating Profit $1.145B $1.437B
YoY Change -20.32% 35.57%
Interest Expense $163.0M $167.0M
YoY Change -2.4% 6.37%
% of Operating Profit 14.24% 11.62%
Other Income/Expense, Net -$290.0M -$160.0M
YoY Change 81.25% 24.03%
Pretax Income $855.0M $1.277B
YoY Change -33.05% 37.16%
Income Tax $172.0M $456.0M
% Of Pretax Income 20.12% 35.71%
Net Earnings $683.0M $821.0M
YoY Change -16.81% 39.63%
Net Earnings / Revenue 6.34% 8.2%
Basic Earnings Per Share $2.48 $2.67
Diluted Earnings Per Share $2.48 $2.67
COMMON SHARES
Basic Shares Outstanding 274.7M shares 306.9M shares
Diluted Shares Outstanding 275.6M shares 307.7M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.071B $4.649B
YoY Change 9.08% -0.77%
Cash & Equivalents $2.884B $2.371B
Short-Term Investments $2.187B $2.278B
Other Short-Term Assets $1.028B $1.218B
YoY Change -15.6% 33.7%
Inventory $942.0M $882.0M
Prepaid Expenses
Receivables $1.840B $1.499B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.881B $8.248B
YoY Change 7.67% 5.15%
LONG-TERM ASSETS
Property, Plant & Equipment $26.95B $25.02B
YoY Change 7.71% 11.74%
Goodwill $4.523B $4.523B
YoY Change 0.0% 0.0%
Intangibles $3.399B $3.592B
YoY Change -5.37% -2.31%
Long-Term Investments
YoY Change
Other Assets $8.864B $9.042B
YoY Change -1.97% -11.73%
Total Long-Term Assets $35.81B $34.06B
YoY Change 5.14% 4.37%
TOTAL ASSETS
Total Short-Term Assets $8.881B $8.248B
Total Long-Term Assets $35.81B $34.06B
Total Assets $44.69B $42.31B
YoY Change 5.64% 4.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.703B $2.225B
YoY Change 21.48% -0.67%
Accrued Expenses $1.782B $1.812B
YoY Change -1.66% -7.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $887.0M $1.436B
YoY Change -38.23% 12.89%
Total Short-Term Liabilities $14.09B $13.60B
YoY Change 3.65% -2.76%
LONG-TERM LIABILITIES
Long-Term Debt $12.46B $10.67B
YoY Change 16.8% 15.02%
Other Long-Term Liabilities $8.461B $8.245B
YoY Change 2.62% -5.18%
Total Long-Term Liabilities $20.92B $18.91B
YoY Change 10.62% 5.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.09B $13.60B
Total Long-Term Liabilities $20.92B $18.91B
Total Liabilities $35.01B $32.51B
YoY Change 7.7% 1.74%
SHAREHOLDERS EQUITY
Retained Earnings $5.367B $4.354B
YoY Change 23.27% -0.09%
Common Stock $6.094B $6.580B
YoY Change -7.39% -17.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.720B $1.236B
YoY Change 39.16% -67.55%
Treasury Stock Shares
Shareholders Equity $8.691B $8.854B
YoY Change
Total Liabilities & Shareholders Equity $44.69B $42.31B
YoY Change 5.64% 4.52%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $683.0M $821.0M
YoY Change -16.81% 39.63%
Depreciation, Depletion And Amortization $538.0M $536.0M
YoY Change 0.37% 9.16%
Cash From Operating Activities $2.443B $1.561B
YoY Change 56.5% -38.71%
INVESTING ACTIVITIES
Capital Expenditures -$727.0M -$1.089B
YoY Change -33.24% 29.95%
Acquisitions
YoY Change
Other Investing Activities -$231.0M $54.00M
YoY Change -527.78% 1700.0%
Cash From Investing Activities -$958.0M -$1.035B
YoY Change -7.44% 23.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.004B -318.0M
YoY Change 215.72% -69.33%
NET CHANGE
Cash From Operating Activities 2.443B 1.561B
Cash From Investing Activities -958.0M -1.035B
Cash From Financing Activities -1.004B -318.0M
Net Change In Cash 481.0M 208.0M
YoY Change 131.25% -69.19%
FREE CASH FLOW
Cash From Operating Activities $2.443B $1.561B
Capital Expenditures -$727.0M -$1.089B
Free Cash Flow $3.170B $2.650B
YoY Change 19.62% -21.71%

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CY2017Q2 us-gaap Restructuring Settlement And Impairment Provisions
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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