Financial Statements 2016A 2017A 2018A 2019A 2020A

($ in millions, unless othrewise denoted) 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec

Income Statement

Revenues

Revenues 98,000 128,716 178,182 252,025 367,150

Cost of Revenue -43,209 -68,209 -90,001 -128,905 -163,419

Expenses

Selling, General and Administrative -20,580 -32,063 -48,626 -51,413 -71,117

Research and Development -3,136 -5,277 -10,584 -11,873 -20,744

Earnings Before Interst and Taxes 31,075 23,166 28,971 59,834 111,870

Interest Income 136 168 94 111 186

Earnings Before Taxes 31,211 23,334 29,065 59,946 112,056

Taxes and Other Expenses

Provision for Income Tax -7,740 -5,553 -5,639 -9,471 -27,454

Net Income (Loss) 23,471 17,780 23,427 50,474 84,603

Balance Sheet

Current Assets

Cash and Cash Equivalents 34,014 37,117 49,878 61,735 92,424

Accounts Receivables 8,914 13,214 12,110 18,494 26,354

Accounts Receivable Days 3,320.00 3,747.00 2,480.70 2,678.50 2,620.00

Prepaid Expenses 3,776 5,999 8,359 10,560 13,029

Total Current Assets 46,704 56,329 70,347 90,789 131,807

Non-current Assets

Plant, Property, and Equipment 2,420 2,980 3,926 5,030 7,139

PP&E Turnover 0.405 0.4319 0.4539 0.501 0.5143

Goodwill 19,343 19,343 19,343 19,343 19,343

Other Intangible Assets 8,040 8,733 29,490 30,902 35,450

Intellectual Property 28,220 30,073 50,415 50,168 54,323

Other Assets 245 255 255 255 255

Total Non-curent Assets 58,267 61,384 103,428 105,698 116,510

Total Assets 104,972 117,713 173,775 196,487 248,317

Current Liabilities

Accounts Payable 2,510 4,653 5,104 8,476 8,641

Accounts Payable Days 2,120.00 2,490.00 2,070.00 2,400.00 1,930.00

Accrued Liabilities 2,861 4,938 8,412 6,838 10,952

Other Current Liabilities 190 242 184 111 201

Total Current Liabilities 5,560 9,833 13,700 15,425 19,794

Non-current Liabilities
Deferred Income Taxes 3,561 2,432 3,806 4,650 11,174

Total Non-current Liabilities 3,561 2,432 3,806 4,650 11,174

Shareholders' Equity

Common Stock 122 122 130 132 132

Accumulated Other Comprehensive Income 48,877 51,432 92,524 93,686 102,390

Retained Earnings 46,852 53,893 63,615 82,593 114,827

Total Shareholders' Equity 95,851 105,447 156,269 176,412 217,349

Total L&SE 104,972 117,713 173,775 196,487 248,317

Cash Flow Statement

Operating Activities

Net Income 17,780 23,427 50,474 84,603

Depreciation and Amortization 270 445 806 1,101

Accounts Receivable 4,300 -1,104 6,384 7,860

Prepaid Expenses 2,222 2,360 2,201 2,469

Accounts Payable 2,144 451 3,372 165

Accrued Liabilities 2,077 3,475 -1,574 4,114

Other Current Liabilities 52 -58 -73 90

Deferred Income Tax Changes -1,128 1,374 844 6,523

Cash Flow from Operations 14,673 27,856 45,265 86,268

Investing Activities

Capital Expenditures -831 -1,391 -1,911 -3,210

Cash Flow from Investing -831 -1,391 -1,911 -3,210

Financing Activities

Dividends Paid -10,739 -13,705 -31,496 -52,369

Cash Flow from Financing -10,739 -13,705 -31,496 -52,369

Change in Cash Flow 3,103 12,761 11,857 30,689

Cash at Beginning 34,014 37,117 49,878 61,735

Cash at End 37,117 49,878 61,735 92,424