2013 Q2 Form 10-Q Financial Statement

#000110465913058381 Filed on July 31, 2013

View on sec.gov

Income Statement

Concept 2013 Q2
Revenue $4.525B
YoY Change 1.19%
Cost Of Revenue $3.372B
YoY Change 2.99%
Gross Profit $1.153B
YoY Change -3.76%
Gross Profit Margin 25.48%
Selling, General & Admin $484.0M
YoY Change 1.89%
% of Gross Profit 41.98%
Research & Development $177.0M
YoY Change -2.21%
% of Gross Profit 15.35%
Depreciation & Amortization $102.0M
YoY Change 20.0%
% of Gross Profit 8.85%
Operating Expenses $661.0M
YoY Change 0.76%
Operating Profit $610.0M
YoY Change -5.86%
Interest Expense $8.000M
YoY Change 0.0%
% of Operating Profit 1.31%
Other Income/Expense, Net $1.000M
YoY Change -50.0%
Pretax Income $613.0M
YoY Change -5.69%
Income Tax $172.0M
% Of Pretax Income 28.06%
Net Earnings $441.0M
YoY Change -7.16%
Net Earnings / Revenue 9.75%
Basic Earnings Per Share $2.20
Diluted Earnings Per Share $2.20
COMMON SHARES
Basic Shares Outstanding 187.8M shares
Diluted Shares Outstanding 188.2M shares

Balance Sheet

Concept 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.587B
YoY Change 1.15%
Cash & Equivalents $1.382B
Short-Term Investments $205.0M
Other Short-Term Assets $597.0M
YoY Change -12.46%
Inventory $2.475B
Prepaid Expenses
Receivables $2.745B
Other Receivables $0.00
Total Short-Term Assets $7.404B
YoY Change 1.19%
LONG-TERM ASSETS
Property, Plant & Equipment $2.882B
YoY Change 20.54%
Goodwill $450.0M
YoY Change
Intangibles $360.0M
YoY Change
Long-Term Investments $924.0M
YoY Change 2.33%
Other Assets $1.028B
YoY Change 12.23%
Total Long-Term Assets $5.644B
YoY Change 17.53%
TOTAL ASSETS
Total Short-Term Assets $7.404B
Total Long-Term Assets $5.644B
Total Assets $13.05B
YoY Change 7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.669B
YoY Change -3.58%
Accrued Expenses $1.286B
YoY Change -5.3%
Deferred Revenue
YoY Change
Short-Term Debt $40.00M
YoY Change 21.21%
Long-Term Debt Due $43.00M
YoY Change
Total Short-Term Liabilities $3.462B
YoY Change -4.63%
LONG-TERM LIABILITIES
Long-Term Debt $754.0M
YoY Change 16.0%
Other Long-Term Liabilities $1.739B
YoY Change 17.42%
Total Long-Term Liabilities $2.493B
YoY Change 16.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.462B
Total Long-Term Liabilities $2.493B
Total Liabilities $5.955B
YoY Change -2.52%
SHAREHOLDERS EQUITY
Retained Earnings $7.850B
YoY Change
Common Stock $2.082B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.112B
YoY Change
Treasury Stock Shares 35.00M shares
Shareholders Equity $6.704B
YoY Change
Total Liabilities & Shareholders Equity $13.05B
YoY Change 7.67%

Cashflow Statement

Concept 2013 Q2
OPERATING ACTIVITIES
Net Income $441.0M
YoY Change -7.16%
Depreciation, Depletion And Amortization $102.0M
YoY Change 20.0%
Cash From Operating Activities $532.0M
YoY Change 2433.33%
INVESTING ACTIVITIES
Capital Expenditures -$173.0M
YoY Change -237.3%
Acquisitions
YoY Change
Other Investing Activities -$95.00M
YoY Change 9400.0%
Cash From Investing Activities -$268.0M
YoY Change 162.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -370.0M
YoY Change 227.43%
NET CHANGE
Cash From Operating Activities 532.0M
Cash From Investing Activities -268.0M
Cash From Financing Activities -370.0M
Net Change In Cash -106.0M
YoY Change -45.36%
FREE CASH FLOW
Cash From Operating Activities $532.0M
Capital Expenditures -$173.0M
Free Cash Flow $705.0M
YoY Change -771.43%

Facts In Submission

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CY2013Q2 cmi Available For Sale Securities Gross Unrealized Gain Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainLossAccumulatedInInvestments
10000000 USD
CY2012Q4 cmi Available For Sale Securities Gross Unrealized Gain Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainLossAccumulatedInInvestments
12000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-200000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-53000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-66000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-206000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-169000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-41000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-194000000 USD
CY2012Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-12000000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-17000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-25000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-23000000 USD
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000000 USD
cmi Stock Issued During Period Value New Issues And Treasury Stock Reissued
StockIssuedDuringPeriodValueNewIssuesAndTreasuryStockReissued
3000000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.281 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.279 pure
CY2013Q1 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
28000000 USD
CY2013Q1 cmi Income Tax Reconciliation Write Off Of Deferred Tax Asset
IncomeTaxReconciliationWriteOffOfDeferredTaxAsset
17000000 USD
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260 pure
CY2013Q1 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
11000000 USD

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