2015 Q2 Form 10-Q Financial Statement

#000001427215000212 Filed on July 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $4.163B $3.889B
YoY Change 7.05% -3.93%
Cost Of Revenue $1.013B $991.0M
YoY Change 2.22% -10.56%
Gross Profit $3.150B $2.898B
YoY Change 8.7% -1.43%
Gross Profit Margin 75.67% 74.52%
Selling, General & Admin $1.135B $951.0M
YoY Change 19.35% -8.73%
% of Gross Profit 36.03% 32.82%
Research & Development $1.856B $1.416B
YoY Change 31.07% 48.9%
% of Gross Profit 58.92% 48.86%
Depreciation & Amortization $91.00M $115.0M
YoY Change -20.87% -39.15%
% of Gross Profit 2.89% 3.97%
Operating Expenses $2.991B $2.367B
YoY Change 26.36% 18.77%
Operating Profit $159.0M $531.0M
YoY Change -70.06% -43.93%
Interest Expense $49.00M $46.00M
YoY Change 6.52% -8.0%
% of Operating Profit 30.82% 8.66%
Other Income/Expense, Net -$107.0M $104.0M
YoY Change -202.88% -152.26%
Pretax Income $52.00M $448.0M
YoY Change -88.39% -15.47%
Income Tax $162.0M $114.0M
% Of Pretax Income 311.54% 25.45%
Net Earnings -$130.0M $333.0M
YoY Change -139.04% -37.87%
Net Earnings / Revenue -3.12% 8.56%
Basic Earnings Per Share -$0.08 $0.20
Diluted Earnings Per Share -$0.08 $0.20
COMMON SHARES
Basic Shares Outstanding 1.667B shares 1.657B shares
Diluted Shares Outstanding 1.667B shares 1.669B shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.11B $11.05B
YoY Change -8.53% 83.51%
Cash & Equivalents $4.199B $4.282B
Short-Term Investments $5.909B $6.769B
Other Short-Term Assets $2.763B $2.196B
YoY Change 25.82% -23.03%
Inventory $1.304B $1.666B
Prepaid Expenses $502.0M $512.0M
Receivables $2.543B $1.799B
Other Receivables $970.0M $1.226B
Total Short-Term Assets $13.06B $14.06B
YoY Change -7.15% 34.1%
LONG-TERM ASSETS
Property, Plant & Equipment $4.363B $4.438B
YoY Change -1.69% -15.11%
Goodwill $6.976B $7.046B
YoY Change -0.99% -7.85%
Intangibles $1.563B $1.843B
YoY Change -15.19% -77.98%
Long-Term Investments $4.632B $3.876B
YoY Change 19.5% 20.26%
Other Assets $787.0M $1.363B
YoY Change -42.26% 23.46%
Total Long-Term Assets $18.90B $19.44B
YoY Change -2.79% -24.55%
TOTAL ASSETS
Total Short-Term Assets $13.06B $14.06B
Total Long-Term Assets $18.90B $19.44B
Total Assets $31.95B $33.50B
YoY Change -4.62% -7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.839B $2.405B
YoY Change -23.53% 2.51%
Accrued Expenses $2.103B $2.204B
YoY Change -4.58% -9.04%
Deferred Revenue
YoY Change
Short-Term Debt $755.0M $365.0M
YoY Change 106.85% -52.23%
Long-Term Debt Due $755.0M $365.0M
YoY Change 106.85% -46.32%
Total Short-Term Liabilities $7.435B $7.798B
YoY Change -4.66% -6.66%
LONG-TERM LIABILITIES
Long-Term Debt $6.615B $7.372B
YoY Change -10.27% 14.44%
Other Long-Term Liabilities $475.0M $624.0M
YoY Change -23.88% -3.85%
Total Long-Term Liabilities $7.090B $7.996B
YoY Change -11.33% 12.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.435B $7.798B
Total Long-Term Liabilities $7.090B $7.996B
Total Liabilities $16.66B $18.12B
YoY Change -8.06% -17.16%
SHAREHOLDERS EQUITY
Retained Earnings $32.36B $33.03B
YoY Change -2.01% 0.95%
Common Stock $221.0M $221.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.65B $17.17B
YoY Change -3.06% -4.69%
Treasury Stock Shares 541.0M shares 550.0M shares
Shareholders Equity $15.12B $15.33B
YoY Change
Total Liabilities & Shareholders Equity $31.95B $33.50B
YoY Change -4.62% -7.58%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$130.0M $333.0M
YoY Change -139.04% -37.87%
Depreciation, Depletion And Amortization $91.00M $115.0M
YoY Change -20.87% -39.15%
Cash From Operating Activities $71.00M $1.056B
YoY Change -93.28% -30.07%
INVESTING ACTIVITIES
Capital Expenditures -$165.0M -$110.0M
YoY Change 50.0% 12.24%
Acquisitions
YoY Change
Other Investing Activities -$1.115B -$1.401B
YoY Change -20.41% -1003.87%
Cash From Investing Activities -$1.280B -$1.511B
YoY Change -15.29% -2750.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -883.0M -486.0M
YoY Change 81.69% -56.41%
NET CHANGE
Cash From Operating Activities 71.00M 1.056B
Cash From Investing Activities -1.280B -1.511B
Cash From Financing Activities -883.0M -486.0M
Net Change In Cash -2.092B -941.0M
YoY Change 122.32% -308.19%
FREE CASH FLOW
Cash From Operating Activities $71.00M $1.056B
Capital Expenditures -$165.0M -$110.0M
Free Cash Flow $236.0M $1.166B
YoY Change -79.76% -27.49%

Facts In Submission

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CY2015Q2 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
24000000 USD
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
41000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
21000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-32000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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-21000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
42000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
243000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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252000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-23000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
147000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-472000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
101000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-306000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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412000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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292000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
10000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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166000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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140000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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1000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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1000000 USD
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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36000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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63000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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25000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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43000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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2000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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19000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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us-gaap Sales Revenue Goods Net
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us-gaap Sales Revenue Goods Net
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us-gaap Sales Revenue Net
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CY2015Q2 us-gaap Sales Revenue Net
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us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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us-gaap Severance Costs1
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us-gaap Severance Costs1
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2015Q2 us-gaap Treasury Stock Shares
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us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
57000000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1669000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1668000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1667000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1677000000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1657000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1655000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1667000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1665000000 shares

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