2015 Q1 Form 10-Q Financial Statement

#000105829015000012 Filed on May 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $2.911B $2.422B
YoY Change 20.18% 19.87%
Cost Of Revenue $1.727B $1.399B
YoY Change 23.47% 18.31%
Gross Profit $1.184B $1.023B
YoY Change 15.71% 22.08%
Gross Profit Margin 40.68% 42.25%
Selling, General & Admin $611.0M $485.4M
YoY Change 25.88% 17.47%
% of Gross Profit 51.6% 47.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.60M $46.70M
YoY Change 61.88% 7.11%
% of Gross Profit 6.38% 4.56%
Operating Expenses $611.0M $485.4M
YoY Change 25.88% 17.47%
Operating Profit $500.0M $460.0M
YoY Change 8.7% 25.72%
Interest Expense $5.000M $0.00
YoY Change -100.0%
% of Operating Profit 1.0% 0.0%
Other Income/Expense, Net $10.30M $13.20M
YoY Change -21.97% 17.06%
Pretax Income $510.6M $473.2M
YoY Change 7.9% 25.46%
Income Tax $127.7M $124.3M
% Of Pretax Income 25.01% 26.27%
Net Earnings $383.0M $348.9M
YoY Change 9.77% 22.76%
Net Earnings / Revenue 13.16% 14.4%
Basic Earnings Per Share $0.63 $0.57
Diluted Earnings Per Share $0.62 $0.57
COMMON SHARES
Basic Shares Outstanding 609.6M shares 607.7M shares
Diluted Shares Outstanding 613.9M shares 612.9M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.350B $3.865B
YoY Change -13.32% 40.85%
Cash & Equivalents $1.271B $1.936B
Short-Term Investments $2.078B $1.929B
Other Short-Term Assets $336.9M $254.4M
YoY Change 32.44% -34.78%
Inventory
Prepaid Expenses
Receivables $2.060B $1.704B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.407B $6.291B
YoY Change 1.84% 30.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.268B $1.091B
YoY Change 16.24% 8.22%
Goodwill $2.404B $445.2M
YoY Change 439.91%
Intangibles $928.4M $124.7M
YoY Change 644.3%
Long-Term Investments
YoY Change
Other Assets $223.6M $187.2M
YoY Change 19.45% -44.12%
Total Long-Term Assets $4.977B $1.989B
YoY Change 150.28% 6.23%
TOTAL ASSETS
Total Short-Term Assets $6.407B $6.291B
Total Long-Term Assets $4.977B $1.989B
Total Assets $11.38B $8.279B
YoY Change 37.49% 23.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $181.4M $176.4M
YoY Change 2.85% 32.61%
Accrued Expenses $946.0M $852.0M
YoY Change 11.03% 18.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $150.0M
YoY Change
Total Short-Term Liabilities $1.884B $1.503B
YoY Change 25.37% 22.58%
LONG-TERM LIABILITIES
Long-Term Debt $925.0M $0.00
YoY Change
Other Long-Term Liabilities $111.2M $133.2M
YoY Change -16.52% -47.35%
Total Long-Term Liabilities $1.036B $133.2M
YoY Change 677.92% -47.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.884B $1.503B
Total Long-Term Liabilities $1.036B $133.2M
Total Liabilities $3.205B $1.656B
YoY Change 93.49% 10.94%
SHAREHOLDERS EQUITY
Retained Earnings $7.685B $6.211B
YoY Change 23.72%
Common Stock $6.100M $6.084M
YoY Change 0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.179B $6.623B
YoY Change
Total Liabilities & Shareholders Equity $11.38B $8.279B
YoY Change 37.49% 23.41%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $383.0M $348.9M
YoY Change 9.77% 22.76%
Depreciation, Depletion And Amortization $75.60M $46.70M
YoY Change 61.88% 7.11%
Cash From Operating Activities $189.3M $157.3M
YoY Change 20.34% 114.11%
INVESTING ACTIVITIES
Capital Expenditures $58.00M $43.30M
YoY Change 33.95% -40.02%
Acquisitions $0.00 $1.600M
YoY Change -100.0% -98.85%
Other Investing Activities -$306.0M -$390.4M
YoY Change -21.62% 243.36%
Cash From Investing Activities -$364.0M -$433.7M
YoY Change -16.07% 133.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $38.40M $39.10M
YoY Change -1.79% 73.36%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$557.3M -$6.500M
YoY Change 8473.85% -138.39%
NET CHANGE
Cash From Operating Activities $189.3M $157.3M
Cash From Investing Activities -$364.0M -$433.7M
Cash From Financing Activities -$557.3M -$6.500M
Net Change In Cash -$732.0M -$282.9M
YoY Change 158.75% 196.31%
FREE CASH FLOW
Cash From Operating Activities $189.3M $157.3M
Capital Expenditures $58.00M $43.30M
Free Cash Flow $131.3M $114.0M
YoY Change 15.18% 8785.42%

Facts In Submission

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