2016 Q1 Form 10-Q Financial Statement

#000104786216000269 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $3.156B $3.616B
YoY Change -12.72% -4.57%
Cost Of Revenue $849.0M $1.146B
YoY Change -25.92% -15.92%
Gross Profit $2.307B $2.470B
YoY Change -6.6% 1.81%
Gross Profit Margin 73.1% 68.31%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $297.0M $279.0M
YoY Change 6.45% 6.9%
% of Gross Profit 12.87% 11.3%
Operating Expenses $2.514B $2.890B
YoY Change -13.01% -6.89%
Operating Profit $642.0M $726.0M
YoY Change -11.57% 5.99%
Interest Expense -$158.0M -$150.0M
YoY Change 5.33% 12.78%
% of Operating Profit -24.61% -20.66%
Other Income/Expense, Net $1.000M $4.000M
YoY Change -75.0% -60.0%
Pretax Income $474.0M $569.0M
YoY Change -16.7% 1.79%
Income Tax $164.0M $199.0M
% Of Pretax Income 34.6% 34.97%
Net Earnings $310.0M $370.0M
YoY Change -16.22% 2.49%
Net Earnings / Revenue 9.82% 10.23%
Basic Earnings Per Share $1.05 $1.26
Diluted Earnings Per Share $1.05 $1.26
COMMON SHARES
Basic Shares Outstanding 293.7M shares 292.9M shares
Diluted Shares Outstanding 294.8M shares 293.9M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.00M $123.0M
YoY Change -42.28% 17.14%
Cash & Equivalents $61.00M $117.0M
Short-Term Investments $10.00M $6.000M
Other Short-Term Assets $157.0M $263.0M
YoY Change -40.3% -0.75%
Inventory $342.0M $332.0M
Prepaid Expenses $550.0M $470.0M
Receivables $1.085B $1.444B
Other Receivables $377.0M $149.0M
Total Short-Term Assets $3.185B $3.398B
YoY Change -6.27% -2.47%
LONG-TERM ASSETS
Property, Plant & Equipment $32.97B $30.21B
YoY Change 9.13% 5.33%
Goodwill $429.0M $429.0M
YoY Change 0.0% 0.0%
Intangibles $2.000M $3.000M
YoY Change -33.33% -25.0%
Long-Term Investments $865.0M $814.0M
YoY Change 6.27% 48.81%
Other Assets $8.559B $9.553B
YoY Change -10.41% 3675.89%
Total Long-Term Assets $42.40B $40.58B
YoY Change 4.48% 9.68%
TOTAL ASSETS
Total Short-Term Assets $3.185B $3.398B
Total Long-Term Assets $42.40B $40.58B
Total Assets $45.58B $43.98B
YoY Change 3.65% 8.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $909.0M $937.0M
YoY Change -2.99% -13.16%
Accrued Expenses $288.0M $280.0M
YoY Change 2.86% -8.79%
Deferred Revenue
YoY Change
Short-Term Debt $1.199B $519.0M
YoY Change 131.02% -37.47%
Long-Term Debt Due $739.0M $496.0M
YoY Change 48.99% 74.04%
Total Short-Term Liabilities $4.436B $3.407B
YoY Change 30.2% -4.73%
LONG-TERM LIABILITIES
Long-Term Debt $12.22B $11.69B
YoY Change 4.52% 3.14%
Other Long-Term Liabilities $5.951B $6.849B
YoY Change -13.11% 49.67%
Total Long-Term Liabilities $15.72B $16.11B
YoY Change -2.39% 22.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.436B $3.407B
Total Long-Term Liabilities $15.72B $16.11B
Total Liabilities $20.16B $19.51B
YoY Change 3.3% 16.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.19B $12.76B
YoY Change
Total Liabilities & Shareholders Equity $45.58B $43.98B
YoY Change 3.65% 8.64%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $310.0M $370.0M
YoY Change -16.22% 2.49%
Depreciation, Depletion And Amortization $297.0M $279.0M
YoY Change 6.45% 6.9%
Cash From Operating Activities $524.0M $559.0M
YoY Change -6.26% 149.55%
INVESTING ACTIVITIES
Capital Expenditures $210.0M $42.00M
YoY Change 400.0% -31.15%
Acquisitions
YoY Change
Other Investing Activities $13.00M -$6.000M
YoY Change -316.67% -83.33%
Cash From Investing Activities -$1.118B -$667.0M
YoY Change 67.62% 5.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$15.00M $2.000M
YoY Change -850.0% 100.0%
Debt Paid & Issued, Net $1.000M $0.00
YoY Change -100.0%
Cash From Financing Activities -$287.0M -474.0M
YoY Change -39.45% 192.59%
NET CHANGE
Cash From Operating Activities $524.0M 559.0M
Cash From Investing Activities -$1.118B -667.0M
Cash From Financing Activities -$287.0M -474.0M
Net Change In Cash -$881.0M -582.0M
YoY Change 51.37% 1.75%
FREE CASH FLOW
Cash From Operating Activities $524.0M $559.0M
Capital Expenditures $210.0M $42.00M
Free Cash Flow $314.0M $517.0M
YoY Change -39.26% 217.18%

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