2019 Q1 Form 10-Q Financial Statement

#000156459019015985 Filed on May 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.976B $2.018B
YoY Change -2.09% 2.04%
Cost Of Revenue $553.4M $575.8M
YoY Change -3.89% 12.26%
Gross Profit $1.279B $1.291B
YoY Change -0.95% -1.26%
Gross Profit Margin 64.73% 63.99%
Selling, General & Admin $796.4M $801.7M
YoY Change -0.66% 5.74%
% of Gross Profit 62.28% 62.1%
Research & Development $101.7M $95.70M
YoY Change 6.27% 5.05%
% of Gross Profit 7.95% 7.41%
Depreciation & Amortization $247.7M $263.5M
YoY Change -6.0% -1.53%
% of Gross Profit 19.37% 20.41%
Operating Expenses $796.4M $897.4M
YoY Change -11.25% 5.66%
Operating Profit $350.2M $305.0M
YoY Change 14.82% -12.38%
Interest Expense -$62.40M -$76.60M
YoY Change -18.54% -36.85%
% of Operating Profit -17.82% -25.11%
Other Income/Expense, Net -$500.0K -$3.600M
YoY Change -86.11% 620.0%
Pretax Income $291.7M $223.4M
YoY Change 30.57% -15.76%
Income Tax $45.50M $47.20M
% Of Pretax Income 15.6% 21.13%
Net Earnings $246.1M $174.7M
YoY Change 40.87% -41.65%
Net Earnings / Revenue 12.46% 8.66%
Basic Earnings Per Share $1.20 $0.86
Diluted Earnings Per Share $1.20 $0.85
COMMON SHARES
Basic Shares Outstanding 204.4M 203.0M
Diluted Shares Outstanding 205.8M 204.6M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $587.0M $1.765B
YoY Change -66.74% 69.71%
Cash & Equivalents $586.8M $1.765B
Short-Term Investments
Other Short-Term Assets $377.0M $465.0M
YoY Change -18.92% 0.43%
Inventory $2.310B $2.126B
Prepaid Expenses
Receivables $1.225B $1.419B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.499B $5.775B
YoY Change -22.1% 13.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.014B $2.031B
YoY Change -0.85% -1.07%
Goodwill $9.570B $10.73B
YoY Change -10.8% 0.41%
Intangibles $7.523B $8.236B
YoY Change -8.66% -4.8%
Long-Term Investments
YoY Change
Other Assets $683.3M $409.8M
YoY Change 66.74% -21.04%
Total Long-Term Assets $19.79B $21.41B
YoY Change -7.55% -2.29%
TOTAL ASSETS
Total Short-Term Assets $4.499B $5.775B
Total Long-Term Assets $19.79B $21.41B
Total Assets $24.29B $27.18B
YoY Change -10.64% 0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $361.1M $347.3M
YoY Change 3.97% 3.39%
Accrued Expenses $255.0M $182.0M
YoY Change 40.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0M $1.625B
YoY Change -69.23% 66.67%
Total Short-Term Liabilities $2.255B $3.425B
YoY Change -34.15% 28.93%
LONG-TERM LIABILITIES
Long-Term Debt $8.311B $9.487B
YoY Change -12.4% -9.97%
Other Long-Term Liabilities $531.3M $423.5M
YoY Change 25.45% -52.26%
Total Long-Term Liabilities $8.842B $9.910B
YoY Change -10.78% -13.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.255B $3.425B
Total Long-Term Liabilities $8.842B $9.910B
Total Liabilities $12.75B $15.18B
YoY Change -16.02% -10.98%
SHAREHOLDERS EQUITY
Retained Earnings $9.688B $10.19B
YoY Change -4.94% 17.83%
Common Stock $8.751B $8.580B
YoY Change 2.0% 1.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.721B $6.722B
YoY Change 0.0% -0.13%
Treasury Stock Shares $103.9M $103.8M
Shareholders Equity $11.53B $12.00B
YoY Change
Total Liabilities & Shareholders Equity $24.29B $27.18B
YoY Change -10.64% 0.72%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $246.1M $174.7M
YoY Change 40.87% -41.65%
Depreciation, Depletion And Amortization $247.7M $263.5M
YoY Change -6.0% -1.53%
Cash From Operating Activities $283.6M $490.5M
YoY Change -42.18% 78.1%
INVESTING ACTIVITIES
Capital Expenditures $37.80M $26.70M
YoY Change 41.57% -38.05%
Acquisitions
YoY Change
Other Investing Activities $14.50M $14.60M
YoY Change -0.68% 305.56%
Cash From Investing Activities -$105.5M -$101.7M
YoY Change 3.74% -23.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $310.0M $225.0M
YoY Change 37.78% 50.0%
Cash From Financing Activities -135.2M 841.8M
YoY Change -116.06% 228.7%
NET CHANGE
Cash From Operating Activities 283.6M 490.5M
Cash From Investing Activities -105.5M -101.7M
Cash From Financing Activities -135.2M 841.8M
Net Change In Cash 44.00M 1.241B
YoY Change -96.45% 211.5%
FREE CASH FLOW
Cash From Operating Activities $283.6M $490.5M
Capital Expenditures $37.80M $26.70M
Free Cash Flow $245.8M $463.8M
YoY Change -47.0% 99.66%

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CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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