2014 Q4 Form 10-K Financial Statement

#000119312516474605 Filed on February 24, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $10.16B $11.14B $11.36B
YoY Change 37.91% 63.14% 76.07%
Cost Of Revenue $4.518B $5.225B $5.199B
YoY Change 53.99% 67.31% 67.98%
Gross Profit $5.642B $5.914B $6.156B
YoY Change 27.24% 59.62% 83.54%
Gross Profit Margin 55.53% 53.09% 54.21%
Selling, General & Admin $2.781B $2.876B $2.923B
YoY Change 51.97% 53.47% 66.17%
% of Gross Profit 49.29% 48.63% 47.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.513B $386.0M $369.0M
YoY Change 48.33% 57.55% 48.79%
% of Gross Profit 26.82% 6.53% 5.99%
Operating Expenses $4.300B $4.431B $4.504B
YoY Change 11.46% 50.05% 59.21%
Operating Profit $860.0M $1.260B $1.399B
YoY Change 647.83% 79.74% 173.24%
Interest Expense -$211.0M $210.0M $214.0M
YoY Change 1.44% -7.08% 32.92%
% of Operating Profit -24.53% 16.67% 15.3%
Other Income/Expense, Net -$82.00M -$311.0M -$195.0M
YoY Change 583.33% 19.16% 16.07%
Pretax Income $567.0M $949.0M $1.204B
YoY Change -124.39% 228.37% 447.27%
Income Tax -$30.00M $7.000M $340.0M
% Of Pretax Income -5.29% 0.74% 28.24%
Net Earnings $597.0M $942.0M $864.0M
YoY Change -129.85% 225.95% 292.73%
Net Earnings / Revenue 5.88% 8.46% 7.61%
Basic Earnings Per Share $0.84 $1.31 $1.20
Diluted Earnings Per Share $0.82 $1.28 $1.17
COMMON SHARES
Basic Shares Outstanding 706.2M shares 719.1M shares 720.6M shares
Diluted Shares Outstanding 724.8M shares 735.2M shares 734.8M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.303B $7.899B $9.459B
YoY Change -21.06% 16.8% 52.32%
Cash & Equivalents $1.178B $1.210B
Short-Term Investments $6.309B $6.721B $8.249B
Other Short-Term Assets $1.672B $1.533B $1.551B
YoY Change 14.13% 230.39% 169.27%
Inventory $1.004B $1.182B $1.093B
Prepaid Expenses
Receivables $1.771B $1.961B $1.981B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.75B $13.45B $14.97B
YoY Change -17.96% 31.33% 55.33%
LONG-TERM ASSETS
Property, Plant & Equipment $23.08B $22.16B $21.24B
YoY Change 19.86% 67.58% 59.8%
Goodwill $4.091B $4.089B $4.089B
YoY Change 0.12%
Intangibles $2.240B
YoY Change -3.07%
Long-Term Investments
YoY Change
Other Assets $8.391B $2.166B $2.190B
YoY Change 264.98% -2.17% 0.83%
Total Long-Term Assets $31.48B $30.72B $29.85B
YoY Change 12.59% 85.76% 80.0%
TOTAL ASSETS
Total Short-Term Assets $11.75B $13.45B $14.97B
Total Long-Term Assets $31.48B $30.72B $29.85B
Total Assets $43.23B $44.17B $44.81B
YoY Change 2.24% 64.95% 70.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.377B $1.498B $1.653B
YoY Change 0.66% 14.61% 9.69%
Accrued Expenses $3.291B $2.074B $2.389B
YoY Change 33.56% -3.04% 10.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.677B $1.439B $1.523B
YoY Change 15.98% 7.79% 17.33%
Total Short-Term Liabilities $13.40B $13.89B $15.09B
YoY Change -2.91% 37.53% 41.42%
LONG-TERM LIABILITIES
Long-Term Debt $16.37B $15.89B $15.62B
YoY Change -23.09% 79.28% 95.57%
Other Long-Term Liabilities $3.041B $3.589B $3.408B
YoY Change -3.74% 92.34% 83.23%
Total Long-Term Liabilities $27.80B $25.31B $25.64B
YoY Change -10.91% 135.94% 160.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.40B $13.89B $15.09B
Total Long-Term Liabilities $27.80B $25.31B $25.64B
Total Liabilities $41.20B $39.20B $40.73B
YoY Change -8.45% 88.23% 98.5%
SHAREHOLDERS EQUITY
Retained Earnings -$8.562B -$9.086B -$9.953B
YoY Change -24.2% -2.25% 3.85%
Common Stock $15.14B $15.95B $15.89B
YoY Change 42.89% 230.23% 229.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M
YoY Change -99.73%
Treasury Stock Shares
Shareholders Equity $2.021B $4.971B $4.086B
YoY Change
Total Liabilities & Shareholders Equity $43.23B $44.17B $44.81B
YoY Change 2.24% 64.95% 70.93%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $597.0M $942.0M $864.0M
YoY Change -129.85% 225.95% 292.73%
Depreciation, Depletion And Amortization $1.513B $386.0M $369.0M
YoY Change 48.33% 57.55% 48.79%
Cash From Operating Activities $804.0M -$361.0M $1.381B
YoY Change -166.34% -2223.53% 18.03%
INVESTING ACTIVITIES
Capital Expenditures -$1.305B -$1.328B -$1.631B
YoY Change 82.77% 122.82% 77.48%
Acquisitions
YoY Change
Other Investing Activities $519.0M $1.550B $227.0M
YoY Change -73.95% -403.33% -111.48%
Cash From Investing Activities -$786.0M $222.0M -$1.404B
YoY Change -161.5% -120.05% -51.54%
FINANCING ACTIVITIES
Cash Dividend Paid $72.00M $72.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -202.0M 107.0M -26.00M
YoY Change -156.58% -91.11% -101.51%
NET CHANGE
Cash From Operating Activities 804.0M -361.0M 1.381B
Cash From Investing Activities -786.0M 222.0M -1.404B
Cash From Financing Activities -202.0M 107.0M -26.00M
Net Change In Cash -184.0M -32.00M -49.00M
YoY Change -143.5% -128.32% 2350.0%
FREE CASH FLOW
Cash From Operating Activities $804.0M -$361.0M $1.381B
Capital Expenditures -$1.305B -$1.328B -$1.631B
Free Cash Flow $2.109B $967.0M $3.012B
YoY Change -523.49% 57.75% 44.18%

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