2015 Q4 Form 10-Q Financial Statement

#000003877716000304 Filed on February 03, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $1.758B $2.064B
YoY Change -14.84% -2.14%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $680.0M $821.3M
YoY Change -17.2% -4.95%
% of Gross Profit
Research & Development $51.20M $51.20M
YoY Change 0.0% 1.99%
% of Gross Profit
Depreciation & Amortization $22.60M $24.90M
YoY Change -9.24% -0.8%
% of Gross Profit
Operating Expenses $1.104B $1.282B
YoY Change -13.87% -1.09%
Operating Profit $653.6M $782.0M
YoY Change -16.42% -3.82%
Interest Expense $12.00M $11.30M
YoY Change 6.19% -10.32%
% of Operating Profit 1.84% 1.45%
Other Income/Expense, Net $18.50M $40.40M
YoY Change -54.21% 13.48%
Pretax Income $672.1M $822.4M
YoY Change -18.28% -3.1%
Income Tax $209.7M $256.1M
% Of Pretax Income 31.2% 31.14%
Net Earnings $447.8M $566.4M
YoY Change -20.94% -6.19%
Net Earnings / Revenue 25.47% 27.44%
Basic Earnings Per Share $0.74 $0.91
Diluted Earnings Per Share $0.74 $0.91
COMMON SHARES
Basic Shares Outstanding 597.6M shares 620.1M shares
Diluted Shares Outstanding 597.7M shares 620.2M shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.269B $7.885B
YoY Change 4.87% 17.69%
Cash & Equivalents $8.269B $7.885B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $864.0M $927.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.133B $8.812B
YoY Change 3.64% 13.7%
LONG-TERM ASSETS
Property, Plant & Equipment $507.1M $523.4M
YoY Change -3.11% -6.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $701.7M $652.1M
YoY Change 7.61% 10.69%
Other Assets $100.0M $78.00M
YoY Change 28.21% -34.45%
Total Long-Term Assets $7.023B $7.485B
YoY Change -6.18% -8.27%
TOTAL ASSETS
Total Short-Term Assets $9.133B $8.812B
Total Long-Term Assets $7.023B $7.485B
Total Assets $16.16B $16.30B
YoY Change -0.87% 2.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $229.0M $194.0M
YoY Change 18.04% -25.67%
Accrued Expenses $210.0M $239.0M
YoY Change -12.13% -4.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $741.0M $1.032B
YoY Change -28.2% 42.54%
LONG-TERM LIABILITIES
Long-Term Debt $2.120B $2.100B
YoY Change 0.95% -8.81%
Other Long-Term Liabilities $583.0M $677.0M
YoY Change -13.88% -50.73%
Total Long-Term Liabilities $2.703B $2.777B
YoY Change -2.66% -24.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $741.0M $1.032B
Total Long-Term Liabilities $2.703B $2.777B
Total Liabilities $3.681B $4.068B
YoY Change -9.51% -12.9%
SHAREHOLDERS EQUITY
Retained Earnings $12.06B $11.67B
YoY Change 3.37% 11.98%
Common Stock $59.50M $62.20M
YoY Change -4.34% -1.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.78B $11.56B
YoY Change
Total Liabilities & Shareholders Equity $16.16B $16.30B
YoY Change -0.87% 2.44%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $447.8M $566.4M
YoY Change -20.94% -6.19%
Depreciation, Depletion And Amortization $22.60M $24.90M
YoY Change -9.24% -0.8%
Cash From Operating Activities $295.2M $572.4M
YoY Change -48.43% 76.29%
INVESTING ACTIVITIES
Capital Expenditures $19.10M $16.10M
YoY Change 18.63% 7.33%
Acquisitions
YoY Change
Other Investing Activities $108.3M $106.6M
YoY Change 1.59% -18.5%
Cash From Investing Activities $89.20M $90.50M
YoY Change -1.44% -21.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $381.5M $151.2M
YoY Change 152.31% 10.28%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$463.4M -$327.9M
YoY Change 41.32% 352.28%
NET CHANGE
Cash From Operating Activities $295.2M $572.4M
Cash From Investing Activities $89.20M $90.50M
Cash From Financing Activities -$463.4M -$327.9M
Net Change In Cash -$79.00M $335.0M
YoY Change -123.58% -8.97%
FREE CASH FLOW
Cash From Operating Activities $295.2M $572.4M
Capital Expenditures $19.10M $16.10M
Free Cash Flow $276.1M $556.3M
YoY Change -50.37% 79.63%

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CY2014Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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100000 shares
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100000 shares
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CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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620100000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
597600000 shares

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