2016 Q2 Form 10-Q Financial Statement

#000002117516000199 Filed on August 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $2.348B $2.327B
YoY Change 0.9% -4.63%
Cost Of Revenue $1.335B $1.466B
YoY Change -8.94% 2.02%
Gross Profit $1.013B $861.0M
YoY Change 17.65% -14.16%
Gross Profit Margin 43.14% 37.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $305.0M $314.0M
YoY Change -2.87% -6.27%
% of Gross Profit 30.11% 36.47%
Operating Expenses $2.022B $2.124B
YoY Change -4.8% 4.63%
Operating Profit -$1.009B -$1.263B
YoY Change -20.11% 22.98%
Interest Expense $38.00M $39.00M
YoY Change -2.56% -15.22%
% of Operating Profit
Other Income/Expense, Net $146.0M $121.0M
YoY Change 20.66% 195.12%
Pretax Income $288.0M $164.0M
YoY Change 75.61% -54.95%
Income Tax $79.00M $26.00M
% Of Pretax Income 27.43% 15.85%
Net Earnings $209.0M $138.0M
YoY Change 51.45% -48.31%
Net Earnings / Revenue 8.9% 5.93%
Basic Earnings Per Share $0.77 $0.51
Diluted Earnings Per Share $0.77 $0.51
COMMON SHARES
Basic Shares Outstanding 270.5M shares 270.3M shares
Diluted Shares Outstanding 270.9M shares 270.7M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
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 $276.0M $317.0M
YoY Change -12.93% 9.69%
Goodwill $147.0M $153.0M
YoY Change -3.92% -1.92%
Intangibles
YoY Change
Long-Term Investments $46.55B $45.33B
YoY Change 2.68% -1.62%
Other Assets $293.0M $255.0M
YoY Change 14.9% -92.9%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $56.91B $55.02B
YoY Change 3.42% -7.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.708B $2.560B
YoY Change 5.78% 0.08%
Other Long-Term Liabilities $4.332B $3.860B
YoY Change 12.23% -41.44%
Total Long-Term Liabilities $2.708B $2.560B
YoY Change 5.78% 0.08%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $2.708B $2.560B
Total Liabilities $45.02B $42.79B
YoY Change 5.22% -7.71%
SHAREHOLDERS EQUITY
Retained Earnings $8.911B $9.340B
YoY Change -4.59% -0.31%
Common Stock $2.838B $2.829B
YoY Change 0.32% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $73.00M $78.00M
YoY Change -6.41% -8.24%
Treasury Stock Shares 2.557M shares 2.780M shares
Shareholders Equity $11.89B $12.23B
YoY Change
Total Liabilities & Shareholders Equity $56.91B $55.02B
YoY Change 3.42% -7.43%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $209.0M $138.0M
YoY Change 51.45% -48.31%
Depreciation, Depletion And Amortization $305.0M $314.0M
YoY Change -2.87% -6.27%
Cash From Operating Activities $279.0M $446.0M
YoY Change -37.44% 5.19%
INVESTING ACTIVITIES
Capital Expenditures -$32.00M -$37.00M
YoY Change -13.51% 117.65%
Acquisitions
YoY Change
Other Investing Activities -$126.0M -$402.0M
YoY Change -68.66% 10.74%
Cash From Investing Activities -$158.0M -$439.0M
YoY Change -64.01% 15.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -69.00M -67.00M
YoY Change 2.99% 42.55%
NET CHANGE
Cash From Operating Activities 279.0M 446.0M
Cash From Investing Activities -158.0M -439.0M
Cash From Financing Activities -69.00M -67.00M
Net Change In Cash 52.00M -60.00M
YoY Change -186.67% 1900.0%
FREE CASH FLOW
Cash From Operating Activities $279.0M $446.0M
Capital Expenditures -$32.00M -$37.00M
Free Cash Flow $311.0M $483.0M
YoY Change -35.61% 9.52%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</font></div></div>

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