2020 Q1 Form 10-Q Financial Statement

#000010051720000037 Filed on May 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $7.979B $9.589B
YoY Change -16.79% 6.17%
Cost Of Revenue $3.570B $3.788B
YoY Change -5.76% 1.26%
Gross Profit $4.409B $5.801B
YoY Change -24.0% 9.64%
Gross Profit Margin 55.26% 60.5%
Selling, General & Admin $3.250B $3.233B
YoY Change 0.53% 5.38%
% of Gross Profit 73.71% 55.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $615.0M $547.0M
YoY Change 12.43% 4.39%
% of Gross Profit 13.95% 9.43%
Operating Expenses $5.318B $5.288B
YoY Change 0.57% 5.99%
Operating Profit -$972.0M $495.0M
YoY Change -296.36% 88.93%
Interest Expense -$443.0M $188.0M
YoY Change -335.64% 16.05%
% of Operating Profit 37.98%
Other Income/Expense, Net -$1.142B -$128.0M
YoY Change 792.19% 60.0%
Pretax Income -$2.114B $367.0M
YoY Change -676.02% 101.65%
Income Tax -$410.0M $75.00M
% Of Pretax Income 20.44%
Net Earnings -$1.704B $292.0M
YoY Change -683.56% 101.38%
Net Earnings / Revenue -21.36% 3.05%
Basic Earnings Per Share -$6.86 $1.09
Diluted Earnings Per Share -$6.843M $1.09
COMMON SHARES
Basic Shares Outstanding 248.5M shares 267.0M shares
Diluted Shares Outstanding 248.5M shares 268.3M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.221B $4.067B
YoY Change 28.37% -9.12%
Cash & Equivalents $3.442B $1.848B
Short-Term Investments $1.779B $2.219B
Other Short-Term Assets $822.0M $780.0M
YoY Change 5.38% -30.85%
Inventory $1.070B $972.0M
Prepaid Expenses
Receivables $792.0M $1.789B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.905B $7.608B
YoY Change 3.9% -8.19%
LONG-TERM ASSETS
Property, Plant & Equipment $36.66B $28.59B
YoY Change 28.26% 6.91%
Goodwill $4.523B $4.523B
YoY Change 0.0% 0.0%
Intangibles $2.945B $3.144B
YoY Change -6.33% -10.71%
Long-Term Investments $763.0M $1.098B
YoY Change -30.51%
Other Assets $8.486B $9.380B
YoY Change -9.53% 4.31%
Total Long-Term Assets $45.15B $43.03B
YoY Change 4.92% 20.43%
TOTAL ASSETS
Total Short-Term Assets $7.905B $7.608B
Total Long-Term Assets $45.15B $43.03B
Total Assets $53.06B $50.64B
YoY Change 4.77% 15.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.436B $2.707B
YoY Change -10.01% 12.84%
Accrued Expenses $2.335B $2.299B
YoY Change 1.57% 40.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.055B $1.201B
YoY Change 237.64% -27.43%
Total Short-Term Liabilities $16.09B $15.34B
YoY Change 4.9% 8.12%
LONG-TERM LIABILITIES
Long-Term Debt $13.20B $12.73B
YoY Change 3.64% 4.67%
Other Long-Term Liabilities $1.179B $7.387B
YoY Change -84.04% -11.15%
Total Long-Term Liabilities $14.38B $20.12B
YoY Change -28.55% -1.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.09B $15.34B
Total Long-Term Liabilities $14.38B $20.12B
Total Liabilities $30.46B $35.46B
YoY Change -14.08% 2.29%
SHAREHOLDERS EQUITY
Retained Earnings $7.991B $6.999B
YoY Change 14.17% 49.42%
Common Stock $6.099B $6.083B
YoY Change 0.26% 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.901B $2.487B
YoY Change 56.86% 89.27%
Treasury Stock Shares
Shareholders Equity $9.418B $9.802B
YoY Change
Total Liabilities & Shareholders Equity $53.06B $50.64B
YoY Change 4.77% 15.04%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$1.704B $292.0M
YoY Change -683.56% 101.38%
Depreciation, Depletion And Amortization $615.0M $547.0M
YoY Change 12.43% 4.39%
Cash From Operating Activities $63.00M $1.915B
YoY Change -96.71% 12.05%
INVESTING ACTIVITIES
Capital Expenditures -$1.959B -$1.609B
YoY Change 21.75% 70.44%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $15.00M
YoY Change -106.67% -200.0%
Cash From Investing Activities -$1.572B -$1.580B
YoY Change -0.51% 127.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $353.0M $513.0M
YoY Change -31.19% -3.02%
Debt Paid & Issued, Net $253.0M $250.0M
YoY Change 1.2% 32.28%
Cash From Financing Activities $2.189B -$183.0M
YoY Change -1296.17% 92.63%
NET CHANGE
Cash From Operating Activities $63.00M $1.915B
Cash From Investing Activities -$1.572B -$1.580B
Cash From Financing Activities $2.189B -$183.0M
Net Change In Cash $680.0M $152.0M
YoY Change 347.37% -83.46%
FREE CASH FLOW
Cash From Operating Activities $63.00M $1.915B
Capital Expenditures -$1.959B -$1.609B
Free Cash Flow $2.022B $3.524B
YoY Change -42.62% 32.83%

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