2012 Q3 Form 10-K Financial Statement

#000119312512388590 Filed on September 12, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3 2011
Revenue $11.69B $11.20B $43.22B
YoY Change 4.42% 3.31% 7.94%
Cost Of Revenue $4.605B $4.334B $16.68B
YoY Change 6.25% 7.2% 15.87%
Gross Profit $7.085B $6.861B $26.54B
YoY Change 3.26% 1.0% 3.48%
Gross Profit Margin 60.61% 61.29% 61.4%
Selling, General & Admin $3.128B $3.052B $11.72B
YoY Change 2.49% 3.6% 9.38%
% of Gross Profit 44.15% 44.48% 44.17%
Research & Development $1.416B $1.484B $5.823B
YoY Change -4.58% 6.69% 10.43%
% of Gross Profit 19.99% 21.63% 21.94%
Depreciation & Amortization $392.0M $673.0M $2.486B
YoY Change -41.75% 9.43% 22.46%
% of Gross Profit 5.53% 9.81% 9.37%
Operating Expenses $4.635B $4.637B $18.86B
YoY Change -0.04% 3.78% 14.46%
Operating Profit $2.450B $2.224B $7.674B
YoY Change 10.16% -4.34% -16.26%
Interest Expense $13.00M $38.00M $628.0M
YoY Change -65.79% -37.7% 0.8%
% of Operating Profit 0.53% 1.71% 8.18%
Other Income/Expense, Net $2.000M -$33.00M $151.0M
YoY Change -106.06% -203.13% -39.84%
Pretax Income $2.386B $1.467B $7.825B
YoY Change 62.64% -39.33% 610.07%
Income Tax $469.0M $235.0M $1.335B
% Of Pretax Income 19.66% 16.02% 17.06%
Net Earnings $1.917B $1.232B $6.490B
YoY Change 55.6% -36.33% -16.44%
Net Earnings / Revenue 16.4% 11.0% 15.02%
Basic Earnings Per Share $0.22 $1.17
Diluted Earnings Per Share $358.1K $0.22 $1.17
COMMON SHARES
Basic Shares Outstanding 5.290B shares 5.529B shares
Diluted Shares Outstanding 5.563B shares

Balance Sheet

Concept 2012 Q3 2011 Q3 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.72B $44.59B $44.59B
YoY Change 9.27% 11.85% 11.85%
Cash & Equivalents $9.799B $7.662B $7.662B
Short-Term Investments $38.92B $36.92B $36.92B
Other Short-Term Assets $1.230B $941.0M $3.351B
YoY Change 30.71% -68.64% 11.66%
Inventory $1.663B $1.486B $1.486B
Prepaid Expenses
Receivables $4.369B $4.698B $4.698B
Other Receivables $3.661B $3.111B $3.111B
Total Short-Term Assets $61.93B $57.23B $57.23B
YoY Change 8.22% 11.3% 11.3%
LONG-TERM ASSETS
Property, Plant & Equipment $3.402B $3.916B $3.916B
YoY Change -13.13% -0.63% -0.63%
Goodwill $17.00B $16.82B
YoY Change 1.07% 0.86%
Intangibles $1.959B $2.541B
YoY Change -22.9%
Long-Term Investments $153.0M $796.0M $796.0M
YoY Change -80.78% 5.29% 5.29%
Other Assets $3.882B $3.101B $2.305B
YoY Change 25.19% 26.57% -5.92%
Total Long-Term Assets $29.83B $29.86B $29.86B
YoY Change -0.13% 0.52% 0.52%
TOTAL ASSETS
Total Short-Term Assets $61.93B $57.23B $57.23B
Total Long-Term Assets $29.83B $29.86B $29.86B
Total Assets $91.76B $87.10B $87.10B
YoY Change 5.36% 7.35% 7.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $859.0M $876.0M $876.0M
YoY Change -1.94% -2.12% -2.12%
Accrued Expenses $2.928B $3.163B $3.163B
YoY Change -7.43% 1.09% 1.09%
Deferred Revenue
YoY Change
Short-Term Debt $31.00M $588.0M $0.00
YoY Change -94.73%
Long-Term Debt Due $0.00 $588.0M $588.0M
YoY Change -100.0% -81.01% -81.01%
Total Short-Term Liabilities $17.73B $17.51B $17.51B
YoY Change 1.29% -8.98% -8.98%
LONG-TERM LIABILITIES
Long-Term Debt $16.30B $16.23B $16.23B
YoY Change 0.39% 33.2% 33.2%
Other Long-Term Liabilities $558.0M $723.0M $6.096B
YoY Change -22.82% -86.67% 12.39%
Total Long-Term Liabilities $16.86B $16.96B $22.33B
YoY Change -0.6% -3.72% 26.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.73B $17.51B $17.51B
Total Long-Term Liabilities $16.86B $16.96B $22.33B
Total Liabilities $40.46B $39.84B $39.87B
YoY Change 1.56% 8.06% 8.15%
SHAREHOLDERS EQUITY
Retained Earnings $11.35B $7.284B
YoY Change 55.88%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.29B $47.23B $47.23B
YoY Change
Total Liabilities & Shareholders Equity $91.76B $87.10B $87.10B
YoY Change 5.36% 7.35% 7.35%

Cashflow Statement

Concept 2012 Q3 2011 Q3 2011
OPERATING ACTIVITIES
Net Income $1.917B $1.232B $6.490B
YoY Change 55.6% -36.33% -16.44%
Depreciation, Depletion And Amortization $392.0M $673.0M $2.486B
YoY Change -41.75% 9.43% 22.46%
Cash From Operating Activities $3.088B $2.824B $10.08B
YoY Change 9.35% -12.62% -0.92%
INVESTING ACTIVITIES
Capital Expenditures -$296.0M -$244.0M $1.174B
YoY Change 21.31% -21.04% 16.47%
Acquisitions $266.0M
YoY Change -94.96%
Other Investing Activities $2.725B -$229.0M -$22.00M
YoY Change -1289.96% -41.13% -82.81%
Cash From Investing Activities $2.429B -$473.0M -$2.934B
YoY Change -613.53% -32.23% -75.41%
FINANCING ACTIVITIES
Cash Dividend Paid $658.0M
YoY Change
Common Stock Issuance & Retirement, Net $4.882B
YoY Change 6.45%
Debt Paid & Issued, Net $3.113B
YoY Change
Cash From Financing Activities -2.179B -1.324B -$4.064B
YoY Change 64.58% -30.83% -754.43%
NET CHANGE
Cash From Operating Activities 3.088B 2.824B $10.08B
Cash From Investing Activities 2.429B -473.0M -$2.934B
Cash From Financing Activities -2.179B -1.324B -$4.064B
Net Change In Cash 3.338B 1.027B $3.081B
YoY Change 225.02% 65.65% -370.98%
FREE CASH FLOW
Cash From Operating Activities $3.088B $2.824B $10.08B
Capital Expenditures -$296.0M -$244.0M $1.174B
Free Cash Flow $3.384B $3.068B $8.905B
YoY Change 10.3% -13.36% -2.84%

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