2015 Q2 Form 10-Q Financial Statement

#000105829015000021 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $3.085B $2.517B
YoY Change 22.56% 16.47%
Cost Of Revenue $1.859B $1.474B
YoY Change 26.12% 18.24%
Gross Profit $1.226B $1.043B
YoY Change 17.54% 14.04%
Gross Profit Margin 39.75% 41.44%
Selling, General & Admin $612.0M $482.9M
YoY Change 26.73% 14.83%
% of Gross Profit 49.91% 46.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $84.00M $48.80M
YoY Change 72.13% 11.42%
% of Gross Profit 6.85% 4.68%
Operating Expenses $612.0M $482.9M
YoY Change 26.73% 14.83%
Operating Profit $546.0M $488.0M
YoY Change 11.89% 14.34%
Interest Expense $4.100M $0.00
YoY Change -100.0%
% of Operating Profit 0.75% 0.0%
Other Income/Expense, Net $3.300M $13.80M
YoY Change -76.09% -315.42%
Pretax Income $548.8M $501.8M
YoY Change 9.37% 19.36%
Income Tax $128.7M $129.9M
% Of Pretax Income 23.45% 25.89%
Net Earnings $420.0M $371.9M
YoY Change 12.93% 23.8%
Net Earnings / Revenue 13.61% 14.77%
Basic Earnings Per Share $0.69 $0.61
Diluted Earnings Per Share $0.68 $0.61
COMMON SHARES
Basic Shares Outstanding 609.9M shares 607.9M shares
Diluted Shares Outstanding 613.9M shares 612.2M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.567B $4.129B
YoY Change -13.61% 42.33%
Cash & Equivalents $1.089B $1.992B
Short-Term Investments $2.477B $2.137B
Other Short-Term Assets $322.7M $257.0M
YoY Change 25.54% -42.62%
Inventory
Prepaid Expenses
Receivables $2.162B $1.823B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.771B $6.741B
YoY Change 0.46% 31.3%
LONG-TERM ASSETS
Property, Plant & Equipment $1.277B $1.086B
YoY Change 17.6% 6.69%
Goodwill $2.405B $449.5M
YoY Change 435.06%
Intangibles $906.1M $121.0M
YoY Change 649.14%
Long-Term Investments
YoY Change
Other Assets $277.7M $166.7M
YoY Change 66.59% -48.87%
Total Long-Term Assets $5.026B $1.947B
YoY Change 158.2% 3.65%
TOTAL ASSETS
Total Short-Term Assets $6.771B $6.741B
Total Long-Term Assets $5.026B $1.947B
Total Assets $11.80B $8.687B
YoY Change 35.8% 23.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.0M $119.1M
YoY Change 41.84% 26.75%
Accrued Expenses $1.094B $987.0M
YoY Change 10.84% 21.7%
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 $1.957B $1.568B
YoY Change 24.8% 15.52%
LONG-TERM LIABILITIES
Long-Term Debt $912.5M $0.00
YoY Change
Other Long-Term Liabilities $103.9M $108.9M
YoY Change -4.63% -65.63%
Total Long-Term Liabilities $1.016B $108.9M
YoY Change 832.98% -65.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.957B $1.568B
Total Long-Term Liabilities $1.016B $108.9M
Total Liabilities $3.257B $1.696B
YoY Change 91.98% 0.44%
SHAREHOLDERS EQUITY
Retained Earnings $8.105B $6.583B
YoY Change 23.11%
Common Stock $6.100M $6.079M
YoY Change 0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.541B $6.991B
YoY Change
Total Liabilities & Shareholders Equity $11.80B $8.687B
YoY Change 35.8% 23.89%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $420.0M $371.9M
YoY Change 12.93% 23.8%
Depreciation, Depletion And Amortization $84.00M $48.80M
YoY Change 72.13% 11.42%
Cash From Operating Activities $456.1M $408.3M
YoY Change 11.71% 11.71%
INVESTING ACTIVITIES
Capital Expenditures -$75.60M -$38.70M
YoY Change 95.35% -23.06%
Acquisitions
YoY Change
Other Investing Activities -$413.9M -$218.8M
YoY Change 89.17% -2203.85%
Cash From Investing Activities -$489.5M -$257.5M
YoY Change 90.1% 545.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -149.1M -93.40M
YoY Change 59.64% -12.14%
NET CHANGE
Cash From Operating Activities 456.1M 408.3M
Cash From Investing Activities -489.5M -257.5M
Cash From Financing Activities -149.1M -93.40M
Net Change In Cash -182.5M 57.40M
YoY Change -417.94% -73.83%
FREE CASH FLOW
Cash From Operating Activities $456.1M $408.3M
Capital Expenditures -$75.60M -$38.70M
Free Cash Flow $531.7M $447.0M
YoY Change 18.95% 7.5%

Facts In Submission

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us-gaap Payments To Acquire Property Plant And Equipment
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