2012 Q2 Form 10-K Financial Statement

#000104746913001819 Filed on February 27, 2013

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q4 2011 Q3
Revenue $1.736B $1.718B $1.404B
YoY Change -3.67% 38.85% 53.07%
Cost Of Revenue $692.3M $853.2M $765.8M
YoY Change -25.9% 13.2% 2.48%
Gross Profit $1.043B $865.2M $638.0M
YoY Change 20.28% 78.8% 275.74%
Gross Profit Margin 60.11% 50.35% 45.45%
Selling, General & Admin $41.30M $36.80M $30.50M
YoY Change 30.28% 12.2% 5.9%
% of Gross Profit 3.96% 4.25% 4.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.9M $101.3M $101.6M
YoY Change 22.26% -4.7% -7.97%
% of Gross Profit 11.11% 11.71% 15.92%
Operating Expenses $41.30M $34.70M $30.50M
YoY Change 30.28% 115.53% -1.93%
Operating Profit $1.005B $830.5M $582.3M
YoY Change 18.98% 77.53% 319.83%
Interest Expense $45.30M -$22.50M $32.10M
YoY Change 47.08% -51.92% -161.38%
% of Operating Profit 4.51% -2.71% 5.51%
Other Income/Expense, Net $600.0K $0.00 $100.0K
YoY Change 200.0% -100.0% -80.0%
Pretax Income $960.3M $797.1M $550.6M
YoY Change 17.83% 107.04% 594.33%
Income Tax $309.2M $301.8M $184.9M
% Of Pretax Income 32.2% 37.86% 33.58%
Net Earnings $678.3M $438.9M $382.4M
YoY Change 24.73% 119.12% 693.36%
Net Earnings / Revenue 39.08% 25.54% 27.24%
Basic Earnings Per Share $9.42 $6.71 $4.77
Diluted Earnings Per Share $9.31 $6.66 $4.73
COMMON SHARES
Basic Shares Outstanding 64.30M shares 69.40M shares
Diluted Shares Outstanding 65.20M shares 69.90M shares

Balance Sheet

Concept 2012 Q2 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.383B $1.207B $1.426B
YoY Change 1.77% 50.69% 120.06%
Cash & Equivalents $1.383B $1.207B $1.426B
Short-Term Investments $29.00M $592.0M $0.00
Other Short-Term Assets $23.90M $18.00M $22.00M
YoY Change 19.5% -41.94% -56.86%
Inventory $229.6M $304.2M $342.0M
Prepaid Expenses $11.90M
Receivables $360.0M $267.0M $269.0M
Other Receivables $0.00 $2.000M $0.00
Total Short-Term Assets $1.997B $1.799B $2.058B
YoY Change -4.0% 34.12% 71.64%
LONG-TERM ASSETS
Property, Plant & Equipment $3.701B $3.736B $3.739B
YoY Change -4.37% -5.23% -4.84%
Goodwill $2.065B $2.065B
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.000B $1.000B $1.057B
YoY Change -7.83% -7.41% -4.86%
Other Assets $209.5M $301.4M $273.0M
YoY Change -20.94% 12.04% 21.88%
Total Long-Term Assets $7.122B $7.176B $7.188B
YoY Change -2.97% -3.2% -3.11%
TOTAL ASSETS
Total Short-Term Assets $1.997B $1.799B $2.058B
Total Long-Term Assets $7.122B $7.176B $7.188B
Total Assets $9.119B $8.975B $9.246B
YoY Change -3.2% 2.52% 7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $334.0M $99.50M $440.0M
YoY Change -3.75% -69.2% 33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $5.000M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $555.3M $1.031B $1.503B
YoY Change -49.29% 8.66% 107.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.600B $1.613B $1.613B
YoY Change -0.81% -17.45% -28.5%
Other Long-Term Liabilities $441.3M $435.8M $351.0M
YoY Change 26.09% 27.06% 15.84%
Total Long-Term Liabilities $2.041B $2.049B $1.964B
YoY Change 3.99% -10.81% -23.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $555.3M $1.031B $1.503B
Total Long-Term Liabilities $2.041B $2.049B $1.964B
Total Liabilities $2.597B $3.080B $4.983B
YoY Change -42.96% -34.52% 4.82%
SHAREHOLDERS EQUITY
Retained Earnings $2.638B $2.841B
YoY Change
Common Stock $600.0K $700.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000B
YoY Change
Treasury Stock Shares 0.000 shares 6.515M shares
Shareholders Equity $5.019B $4.547B $4.263B
YoY Change
Total Liabilities & Shareholders Equity $9.119B $8.975B $9.246B
YoY Change -3.2% 2.52% 7.29%

Cashflow Statement

Concept 2012 Q2 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $678.3M $438.9M $382.4M
YoY Change 24.73% 119.12% 693.36%
Depreciation, Depletion And Amortization $115.9M $101.3M $101.6M
YoY Change 22.26% -4.7% -7.97%
Cash From Operating Activities $445.5M $123.8M $1.033B
YoY Change 77.56% -77.91% 75.68%
INVESTING ACTIVITIES
Capital Expenditures -$93.50M -$78.00M -$63.70M
YoY Change 84.78% 12.07% -24.35%
Acquisitions
YoY Change
Other Investing Activities $19.30M -$46.00M $16.00M
YoY Change -40.43% 29.94% 240.43%
Cash From Investing Activities -$74.20M -$124.0M -$47.70M
YoY Change 307.69% 18.1% -40.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -703.6M -220.2M -917.5M
YoY Change 6182.14% -27.85% 98.68%
NET CHANGE
Cash From Operating Activities 445.5M 123.8M 1.033B
Cash From Investing Activities -74.20M -124.0M -47.70M
Cash From Financing Activities -703.6M -220.2M -917.5M
Net Change In Cash -332.3M -220.4M 67.80M
YoY Change -250.02% -246.74% 45.18%
FREE CASH FLOW
Cash From Operating Activities $445.5M $123.8M $1.033B
Capital Expenditures -$93.50M -$78.00M -$63.70M
Free Cash Flow $539.0M $201.8M $1.097B
YoY Change 78.77% -67.97% 63.15%

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CY2012 cf Unrealized Gain Loss On Cash Flow Hedge Ineffectiveness Net
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CY2012Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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719900000 USD

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