2015 Q2 Form 10-Q Financial Statement

#000162828015005620 Filed on July 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $942.0M $1.441B
YoY Change -34.63% 24.12%
Cost Of Revenue $710.0M $943.0M
YoY Change -24.71% 34.33%
Gross Profit $232.0M $498.0M
YoY Change -53.41% 8.5%
Gross Profit Margin 24.63% 34.56%
Selling, General & Admin $134.0M $154.0M
YoY Change -12.99% -9.94%
% of Gross Profit 57.76% 30.92%
Research & Development $235.0M $277.0M
YoY Change -15.16% -10.06%
% of Gross Profit 101.29% 55.62%
Depreciation & Amortization $45.00M $53.00M
YoY Change -15.09% -10.17%
% of Gross Profit 19.4% 10.64%
Operating Expenses $369.0M $431.0M
YoY Change -14.39% -10.02%
Operating Profit -$137.0M $63.00M
YoY Change -317.46% -317.24%
Interest Expense $40.00M $46.00M
YoY Change -13.04% 9.52%
% of Operating Profit 73.02%
Other Income/Expense, Net -$3.000M -$49.00M
YoY Change -93.88% 2350.0%
Pretax Income -$180.0M -$32.00M
YoY Change 462.5% -54.93%
Income Tax $1.000M $4.000M
% Of Pretax Income
Net Earnings -$181.0M -$36.00M
YoY Change 402.78% -51.35%
Net Earnings / Revenue -19.21% -2.5%
Basic Earnings Per Share -$0.23 -$0.05
Diluted Earnings Per Share -$0.23 -$0.05
COMMON SHARES
Basic Shares Outstanding 778.0M shares 764.0M shares
Diluted Shares Outstanding 778.0M shares 764.0M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $829.0M $948.0M
YoY Change -12.55% -2.07%
Cash & Equivalents $829.0M $503.0M
Short-Term Investments $0.00 $445.0M
Other Short-Term Assets $136.0M $152.0M
YoY Change -10.53% 39.45%
Inventory $799.0M $960.0M
Prepaid Expenses
Receivables $687.0M $872.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.451B $2.932B
YoY Change -16.41% 19.28%
LONG-TERM ASSETS
Property, Plant & Equipment $289.0M $329.0M
YoY Change -12.16% -18.16%
Goodwill $320.0M $553.0M
YoY Change -42.13% 0.0%
Intangibles $0.00 $72.00M
YoY Change -100.0% -17.24%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $321.0M $360.0M
YoY Change -10.83% 45.16%
Total Long-Term Assets $930.0M $1.314B
YoY Change -29.22% -8.69%
TOTAL ASSETS
Total Short-Term Assets $2.451B $2.932B
Total Long-Term Assets $930.0M $1.314B
Total Assets $3.381B $4.246B
YoY Change -20.37% 8.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $454.0M $511.0M
YoY Change -11.15% 27.11%
Accrued Expenses $462.0M $480.0M
YoY Change -3.75% 1.05%
Deferred Revenue
YoY Change
Short-Term Debt $230.0M $96.00M
YoY Change 139.58%
Long-Term Debt Due $235.0M $101.0M
YoY Change 132.67% 1920.0%
Total Short-Term Liabilities $1.399B $1.505B
YoY Change -7.04% 3.72%
LONG-TERM LIABILITIES
Long-Term Debt $2.025B $2.100B
YoY Change -3.57% 3.6%
Other Long-Term Liabilities $89.00M $131.0M
YoY Change -32.06% 191.11%
Total Long-Term Liabilities $2.114B $2.231B
YoY Change -5.24% 7.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.399B $1.505B
Total Long-Term Liabilities $2.114B $2.231B
Total Liabilities $3.513B $3.736B
YoY Change -5.97% 6.05%
SHAREHOLDERS EQUITY
Retained Earnings -$7.007B -$6.299B
YoY Change 11.24% -1.27%
Common Stock $6.992B $6.913B
YoY Change 1.14% 0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $121.0M $114.0M
YoY Change 6.14% 3.64%
Treasury Stock Shares 12.00M shares 11.00M shares
Shareholders Equity -$141.0M $501.0M
YoY Change
Total Liabilities & Shareholders Equity $3.381B $4.246B
YoY Change -20.37% 8.96%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$181.0M -$36.00M
YoY Change 402.78% -51.35%
Depreciation, Depletion And Amortization $45.00M $53.00M
YoY Change -15.09% -10.17%
Cash From Operating Activities -$58.00M -$28.00M
YoY Change 107.14% -20.0%
INVESTING ACTIVITIES
Capital Expenditures -$17.00M -$23.00M
YoY Change -26.09% -17.86%
Acquisitions
YoY Change
Other Investing Activities $228.0M -$20.00M
YoY Change -1240.0% -56.52%
Cash From Investing Activities $211.0M -$43.00M
YoY Change -590.7% -41.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M 20.00M
YoY Change -105.0% 900.0%
NET CHANGE
Cash From Operating Activities -58.00M -28.00M
Cash From Investing Activities 211.0M -43.00M
Cash From Financing Activities -1.000M 20.00M
Net Change In Cash 152.0M -51.00M
YoY Change -398.04% -52.34%
FREE CASH FLOW
Cash From Operating Activities -$58.00M -$28.00M
Capital Expenditures -$17.00M -$23.00M
Free Cash Flow -$41.00M -$5.000M
YoY Change 720.0% -28.57%

Facts In Submission

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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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