2015 Q2 Form 10-Q Financial Statement

#000139077715000107 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q2
Revenue $3.849B $3.761B $3.728B
YoY Change 3.25% 3.69% -6.47%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $368.0M $340.0M $313.0M
YoY Change 17.57% 2.1% -16.09%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $68.00M $79.00M $92.00M
YoY Change -26.09% -5.95% 16.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.129B $1.059B $794.0M
YoY Change 42.19% 16.89% -32.88%
Income Tax $276.0M $280.0M $217.0M
% Of Pretax Income 24.45% 26.44% 27.33%
Net Earnings $853.0M $779.0M $577.0M
YoY Change 47.83% 15.58% -31.55%
Net Earnings / Revenue 22.16% 20.71% 15.48%
Basic Earnings Per Share $0.74 $0.67 $0.48
Diluted Earnings Per Share $0.73 $0.67 $0.48
COMMON SHARES
Basic Shares Outstanding 1.114B shares 1.119B shares 1.134B shares
Diluted Shares Outstanding 1.122B shares 1.126B shares 1.140B shares

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.353B $7.167B $6.173B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.412B $1.410B $1.590B
YoY Change -11.19% -12.59% -0.31%
Goodwill $17.81B $17.66B $18.20B
YoY Change -2.14% -2.41% 1.55%
Intangibles $4.000B $4.047B $4.314B
YoY Change -7.28% -7.6% -5.97%
Long-Term Investments $3.182B $3.170B $3.350B
YoY Change -5.01% -2.1% 13.25%
Other Assets $602.0M $572.0M $1.277B
YoY Change -52.86% -54.39% 181.9%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $395.3B $392.3B $400.7B
YoY Change -1.37% 6.54% 11.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.05B $21.96B $17.24B
YoY Change 27.89% 30.54% 12.94%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $10.73B $8.788B $11.79B
YoY Change -8.99% -22.0% -14.41%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.57B $28.22B $23.68B
YoY Change 20.68% 22.19% 4.72%
LONG-TERM LIABILITIES
Long-Term Debt $20.38B $20.40B $20.33B
YoY Change 0.24% -1.04% 9.99%
Other Long-Term Liabilities $11.73B $21.54B $23.04B
YoY Change -49.1% -2.38% -3.33%
Total Long-Term Liabilities $32.10B $41.94B $43.37B
YoY Change -25.97% -1.74% 2.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.57B $28.22B $23.68B
Total Long-Term Liabilities $32.10B $41.94B $43.37B
Total Liabilities $355.8B $354.0B $361.3B
YoY Change -1.5% 7.5% 11.65%
SHAREHOLDERS EQUITY
Retained Earnings $18.90B $18.26B $16.80B
YoY Change 12.5% 11.06% 13.04%
Common Stock $13.00M $13.00M $13.00M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.043B $5.209B $3.946B
YoY Change 53.14% 48.19% 46.31%
Treasury Stock Shares 201.7M shares 182.3M shares 150.0M shares
Shareholders Equity $38.27B $37.33B $38.33B
YoY Change
Total Liabilities & Shareholders Equity $395.3B $392.3B $400.7B
YoY Change -1.37% 6.54% 11.16%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q2
OPERATING ACTIVITIES
Net Income $853.0M $779.0M $577.0M
YoY Change 47.83% 15.58% -31.55%
Depreciation, Depletion And Amortization $368.0M $340.0M $313.0M
YoY Change 17.57% 2.1% -16.09%
Cash From Operating Activities $2.705B -$71.00M $3.440B
YoY Change -21.37% -93.27% 92.72%
INVESTING ACTIVITIES
Capital Expenditures -$150.0M $162.0M -$179.0M
YoY Change -16.2% -19.4% 35.61%
Acquisitions
YoY Change
Other Investing Activities -$7.955B -$1.353B -$33.54B
YoY Change -76.28% -1880.26% 332.16%
Cash From Investing Activities -$8.105B -$9.945B -$33.72B
YoY Change -75.96% -234.37% 327.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $394.0M
YoY Change 6.78%
Debt Paid & Issued, Net $2.005B
YoY Change 184.8%
Cash From Financing Activities 6.593B $10.24B 30.35B
YoY Change -78.28% -252.39% 249.44%
NET CHANGE
Cash From Operating Activities 2.705B -$71.00M 3.440B
Cash From Investing Activities -8.105B -$9.945B -33.72B
Cash From Financing Activities 6.593B $10.24B 30.35B
Net Change In Cash 1.193B $220.0M 73.00M
YoY Change 1534.25% -159.3% -97.17%
FREE CASH FLOW
Cash From Operating Activities $2.705B -$71.00M $3.440B
Capital Expenditures -$150.0M $162.0M -$179.0M
Free Cash Flow $2.855B -$233.0M $3.619B
YoY Change -21.11% -81.45% 88.78%

Facts In Submission

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dei Entity Registrant Name
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CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2015Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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CY2015Q1 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
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us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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CY2015Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2015Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Payables To Broker Dealers
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us-gaap Increase Decrease In Payables To Broker Dealers
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us-gaap Increase Decrease In Trading Securities
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us-gaap Increase Decrease In Trading Securities
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us-gaap Interest And Dividend Income Securities
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us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest Income Deposits With Financial Institutions
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CY2015Q1 us-gaap Interest Income Deposits With Financial Institutions
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us-gaap Interest Income Deposits With Financial Institutions
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CY2014Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
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CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense Net
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CY2015Q1 us-gaap Interest Income Expense Net
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728000000 USD
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us-gaap Interest Income Federal Funds Sold And Securities Purchased Under Agreements To Resell
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us-gaap Revenues
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SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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WeightedAverageNumberOfSharesRestrictedStock
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us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2015Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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WeightedAverageNumberOfSharesRestrictedStock
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us-gaap Weighted Average Number Of Shares Restricted Stock
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us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates based upon assumptions about future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to estimates are items such as the allowance for loan losses and lending-related commitments, the fair value of financial instruments and other-than-temporary impairments, goodwill and intangible assets and pension accounting. Among other effects, such changes in estimates could result in future impairments of investment securities, goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as changes in pension and post-retirement expense.</font></div></div>

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