2013 Q2 Form 10-Q Financial Statement

#000104746913008170 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.715B $1.736B
YoY Change -1.19% -3.67%
Cost Of Revenue $849.7M $692.3M
YoY Change 22.74% -25.9%
Gross Profit $865.2M $1.043B
YoY Change -17.07% 20.28%
Gross Profit Margin 50.45% 60.11%
Selling, General & Admin $44.50M $41.30M
YoY Change 7.75% 30.28%
% of Gross Profit 5.14% 3.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $106.6M $115.9M
YoY Change -8.02% 22.26%
% of Gross Profit 12.32% 11.11%
Operating Expenses $44.50M $41.30M
YoY Change 7.75% 30.28%
Operating Profit $833.7M $1.005B
YoY Change -17.04% 18.98%
Interest Expense $32.30M $45.30M
YoY Change -28.7% 47.08%
% of Operating Profit 3.87% 4.51%
Other Income/Expense, Net $300.0K $600.0K
YoY Change -50.0% 200.0%
Pretax Income $802.7M $960.3M
YoY Change -16.41% 17.83%
Income Tax $282.9M $309.2M
% Of Pretax Income 35.24% 32.2%
Net Earnings $518.1M $678.3M
YoY Change -23.62% 24.73%
Net Earnings / Revenue 30.21% 39.08%
Basic Earnings Per Share $8.43 $9.42
Diluted Earnings Per Share $8.38 $9.31
COMMON SHARES
Basic Shares Outstanding 59.10M shares 64.30M shares
Diluted Shares Outstanding 59.50M shares 65.20M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.934B $1.383B
YoY Change 39.84% 1.77%
Cash & Equivalents $1.934B $1.383B
Short-Term Investments $518.0M $29.00M
Other Short-Term Assets $26.50M $23.90M
YoY Change 10.88% 19.5%
Inventory $321.0M $229.6M
Prepaid Expenses
Receivables $294.0M $360.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.720B $1.997B
YoY Change 36.2% -4.0%
LONG-TERM ASSETS
Property, Plant & Equipment $4.087B $3.701B
YoY Change 10.42% -4.37%
Goodwill $2.065B $2.065B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $899.0M $1.000B
YoY Change -10.1% -7.83%
Other Assets $281.7M $209.5M
YoY Change 34.46% -20.94%
Total Long-Term Assets $7.532B $7.122B
YoY Change 5.76% -2.97%
TOTAL ASSETS
Total Short-Term Assets $2.720B $1.997B
Total Long-Term Assets $7.532B $7.122B
Total Assets $10.25B $9.119B
YoY Change 12.42% -3.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0M $334.0M
YoY Change 46.71% -3.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $577.1M $555.3M
YoY Change 3.93% -49.29%
LONG-TERM LIABILITIES
Long-Term Debt $3.098B $1.600B
YoY Change 93.63% -0.81%
Other Long-Term Liabilities $449.9M $441.3M
YoY Change 1.95% 26.09%
Total Long-Term Liabilities $3.548B $2.041B
YoY Change 73.81% 3.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $577.1M $555.3M
Total Long-Term Liabilities $3.548B $2.041B
Total Liabilities $4.125B $2.597B
YoY Change 58.86% -42.96%
SHAREHOLDERS EQUITY
Retained Earnings $3.673B $2.638B
YoY Change 39.26%
Common Stock $600.0K $600.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $233.3M
YoY Change
Treasury Stock Shares 1.275M shares 0.000 shares
Shareholders Equity $4.979B $5.019B
YoY Change
Total Liabilities & Shareholders Equity $10.25B $9.119B
YoY Change 12.42% -3.2%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $518.1M $678.3M
YoY Change -23.62% 24.73%
Depreciation, Depletion And Amortization $106.6M $115.9M
YoY Change -8.02% 22.26%
Cash From Operating Activities -$110.4M $445.5M
YoY Change -124.78% 77.56%
INVESTING ACTIVITIES
Capital Expenditures -$249.7M -$93.50M
YoY Change 167.06% 84.78%
Acquisitions
YoY Change
Other Investing Activities -$19.50M $19.30M
YoY Change -201.04% -40.43%
Cash From Investing Activities -$269.2M -$74.20M
YoY Change 262.8% 307.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 98.60M -703.6M
YoY Change -114.01% 6182.14%
NET CHANGE
Cash From Operating Activities -110.4M 445.5M
Cash From Investing Activities -269.2M -74.20M
Cash From Financing Activities 98.60M -703.6M
Net Change In Cash -281.0M -332.3M
YoY Change -15.44% -250.02%
FREE CASH FLOW
Cash From Operating Activities -$110.4M $445.5M
Capital Expenditures -$249.7M -$93.50M
Free Cash Flow $139.3M $539.0M
YoY Change -74.16% 78.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
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AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
15400000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
52300000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
39300000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5200000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
48900000 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
9600000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
498200000 USD
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.38
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11500000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
200000 USD
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
cf Effect Of Exchange Rate Changes On Distribution Payable To Noncontrolling Interest
EffectOfExchangeRateChangesOnDistributionPayableToNoncontrollingInterest
-100000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
700000 USD
cf Interest On Tax Liabilities
InterestOnTaxLiabilities
1000000 USD
CY2013Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2500000 shares
CY2013Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
507300000 USD
CY2013Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2600000 shares
CY2013Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
474200000 USD
CY2013Q2 cf Accrued Liability For Common Stock Repurchase
AccruedLiabilityForCommonStockRepurchase
65900000 USD
cf Proceeds From Sales And Maturities Of Short Term And Auction Rate Securities
ProceedsFromSalesAndMaturitiesOfShortTermAndAuctionRateSecurities
5600000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
74200000 USD
CY2013Q2 us-gaap Prepaid Taxes
PrepaidTaxes
24500000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
74200000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
918700000 USD
CY2013Q2 cf Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
74200000 USD
cf Acquisition Of Treasury Stock Under Employee Stock Plans
AcquisitionOfTreasuryStockUnderEmployeeStockPlans
500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1498000000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
145000000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent
769300000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
16800000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5400000 USD
cf Effect Of Exchange Rate Changes To Noncontrolling Interest
EffectOfExchangeRateChangesToNoncontrollingInterest
100000 USD

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