2015 Q3 Form 10-Q Financial Statement

#000000490415000048 Filed on October 22, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $4.431B $4.161B
YoY Change 6.49% -0.35%
Cost Of Revenue $731.0M $449.0M
YoY Change 62.81% 20.38%
Gross Profit $3.701B $3.712B
YoY Change -0.3% -2.39%
Gross Profit Margin 83.52% 89.2%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $571.0M $519.0M
YoY Change 10.02% -5.29%
% of Gross Profit 15.43% 13.98%
Operating Expenses $3.471B $3.256B
YoY Change 6.61% -1.36%
Operating Profit $960.2M $904.9M
YoY Change 6.11% 3.42%
Interest Expense $220.2M $217.0M
YoY Change 1.47% -3.56%
% of Operating Profit 22.93% 23.98%
Other Income/Expense, Net $1.000M $7.000M
YoY Change -85.71% -12.5%
Pretax Income $776.0M $723.0M
YoY Change 7.33% 6.32%
Income Tax $275.6M $264.0M
% Of Pretax Income 35.52% 36.51%
Net Earnings $519.6M $494.4M
YoY Change 5.1% 13.92%
Net Earnings / Revenue 11.73% 11.88%
Basic Earnings Per Share $1.06 $1.01
Diluted Earnings Per Share $1.06 $1.01
COMMON SHARES
Basic Shares Outstanding 490.6M shares 488.9M shares
Diluted Shares Outstanding 490.8M shares 489.0M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $493.0M $512.0M
YoY Change -3.71% 17.7%
Cash & Equivalents $177.8M $194.0M
Short-Term Investments $315.0M $318.0M
Other Short-Term Assets $1.244B $646.0M
YoY Change 92.57% -13.87%
Inventory $1.105B $1.205B
Prepaid Expenses
Receivables $1.853B $1.855B
Other Receivables $84.00M $83.00M
Total Short-Term Assets $4.548B $4.111B
YoY Change 10.63% -4.77%
LONG-TERM ASSETS
Property, Plant & Equipment $45.24B $43.06B
YoY Change 5.05% 8.01%
Goodwill $53.00M $91.00M
YoY Change -41.76% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.069B $1.944B
YoY Change 6.43% 37.48%
Total Long-Term Assets $11.31B $10.75B
YoY Change 5.24% -0.24%
TOTAL ASSETS
Total Short-Term Assets $4.548B $4.111B
Total Long-Term Assets $11.31B $10.75B
Total Assets $61.10B $57.93B
YoY Change 5.48% 5.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.274B $1.259B
YoY Change 1.19% 20.59%
Accrued Expenses $236.0M $219.0M
YoY Change 7.76% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $782.0M $1.282B
YoY Change -39.0% 5.25%
Long-Term Debt Due $1.826B $2.381B
YoY Change -23.31% 74.3%
Total Short-Term Liabilities $7.058B $7.457B
YoY Change -5.35% 31.01%
LONG-TERM LIABILITIES
Long-Term Debt $17.60B $15.68B
YoY Change 12.27% -3.24%
Other Long-Term Liabilities $865.0M $1.119B
YoY Change -22.7% 25.59%
Total Long-Term Liabilities $36.33B $33.60B
YoY Change 8.14% 0.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.058B $7.457B
Total Long-Term Liabilities $36.33B $33.60B
Total Liabilities $43.39B $41.05B
YoY Change 5.69% 4.73%
SHAREHOLDERS EQUITY
Retained Earnings $8.204B $7.470B
YoY Change 9.83% 12.09%
Common Stock $3.322B $3.312B
YoY Change 0.3% 0.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 20.34M shares 20.34M shares
Shareholders Equity $17.70B $16.87B
YoY Change
Total Liabilities & Shareholders Equity $61.10B $57.93B
YoY Change 5.48% 5.39%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $519.6M $494.4M
YoY Change 5.1% 13.92%
Depreciation, Depletion And Amortization $571.0M $519.0M
YoY Change 10.02% -5.29%
Cash From Operating Activities $1.717B $1.528B
YoY Change 12.39% 0.26%
INVESTING ACTIVITIES
Capital Expenditures -$1.102B -$1.065B
YoY Change 3.5% 18.99%
Acquisitions
YoY Change
Other Investing Activities $46.80M $52.00M
YoY Change -10.0% 188.89%
Cash From Investing Activities -$1.056B -$1.013B
YoY Change 4.2% 15.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -679.2M -511.0M
YoY Change 32.92% -17.18%
NET CHANGE
Cash From Operating Activities 1.717B 1.528B
Cash From Investing Activities -1.056B -1.013B
Cash From Financing Activities -679.2M -511.0M
Net Change In Cash -17.40M 4.000M
YoY Change -535.0% -86.67%
FREE CASH FLOW
Cash From Operating Activities $1.717B $1.528B
Capital Expenditures -$1.102B -$1.065B
Free Cash Flow $2.820B $2.593B
YoY Change 8.74% 7.19%

Facts In Submission

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CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8204000000 USD
CY2014Q3 us-gaap Revenues
Revenues
4161000000 USD
us-gaap Revenues
Revenues
12559000000 USD
CY2015Q3 us-gaap Revenues
Revenues
4432000000 USD
us-gaap Revenues
Revenues
12839000000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
2380000000 USD
CY2015Q3 us-gaap Secured Debt
SecuredDebt
2072000000 USD
CY2014Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
4000000 USD
CY2015Q3 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
4000000 USD
CY2014Q4 us-gaap Securitized Regulatory Transition Assets Noncurrent
SecuritizedRegulatoryTransitionAssetsNoncurrent
2072000000 USD
CY2015Q3 us-gaap Securitized Regulatory Transition Assets Noncurrent
SecuritizedRegulatoryTransitionAssetsNoncurrent
1841000000 USD
CY2014 us-gaap Severance Costs1
SeveranceCosts1
29000000 USD
CY2014Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
602000000 USD
CY2015Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
32000000 USD
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1346000000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
782000000 USD
CY2014Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0022
CY2015Q3 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0028
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
386000000 USD
CY2015Q3 us-gaap Short Term Investments
ShortTermInvestments
315000000 USD
CY2014Q4 us-gaap Spent Nuclear Fuel Obligation Noncurrent
SpentNuclearFuelObligationNoncurrent
266000000 USD
CY2015Q3 us-gaap Spent Nuclear Fuel Obligation Noncurrent
SpentNuclearFuelObligationNoncurrent
266000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
63000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
68000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
16820000000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
17699000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16086000000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16872000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16824000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17709000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-3000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-24000000 USD
CY2014Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
230000000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
679000000 USD
CY2015Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
248000000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
733000000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
863000000 USD
CY2015Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
748000000 USD
CY2014Q4 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
987000000 USD
CY2015Q3 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
987000000 USD
CY2014Q4 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
744000000 USD
CY2015Q3 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
750000000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
20336592 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
20336592 shares
CY2014Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
146000000 USD
CY2015Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
147000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-15000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-18000000 USD
CY2014Q4 us-gaap Unsecured Debt
UnsecuredDebt
12647000000 USD
CY2015Q3 us-gaap Unsecured Debt
UnsecuredDebt
13801000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
499000000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1418000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
535000000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1528000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
313000000 USD
us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
929000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
312000000 USD
us-gaap Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
923000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
685000000 USD
us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
1985000000 USD
CY2015Q3 us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
691000000 USD
us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
1955000000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
488970647 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
488597178 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
490800335 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
490411020 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
488912892 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
488361017 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
490648929 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
490155315 shares

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