2015 Q1 Form 10-Q Financial Statement

#000119312515177335 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $3.616B $3.789B
YoY Change -4.57% 19.0%
Cost Of Revenue $1.146B $1.363B
YoY Change -15.92% 42.42%
Gross Profit $2.470B $2.426B
YoY Change 1.81% 8.89%
Gross Profit Margin 68.31% 64.03%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $279.0M $261.0M
YoY Change 6.9% 3.98%
% of Gross Profit 11.3% 10.76%
Operating Expenses $2.890B $3.104B
YoY Change -6.89% 16.78%
Operating Profit $726.0M $685.0M
YoY Change 5.99% 30.23%
Interest Expense -$150.0M -$133.0M
YoY Change 12.78% -4.32%
% of Operating Profit -20.66% -19.42%
Other Income/Expense, Net $4.000M $10.00M
YoY Change -60.0% 400.0%
Pretax Income $569.0M $559.0M
YoY Change 1.79% 124.5%
Income Tax $199.0M $198.0M
% Of Pretax Income 34.97% 35.42%
Net Earnings $370.0M $361.0M
YoY Change 2.49% 88.02%
Net Earnings / Revenue 10.23% 9.53%
Basic Earnings Per Share $1.26 $1.23
Diluted Earnings Per Share $1.26 $1.23
COMMON SHARES
Basic Shares Outstanding 292.9M shares 292.9M shares
Diluted Shares Outstanding 293.9M shares 294.1M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.0M $105.0M
YoY Change 17.14% -83.59%
Cash & Equivalents $117.0M $102.0M
Short-Term Investments $6.000M $3.000M
Other Short-Term Assets $263.0M $265.0M
YoY Change -0.75% 64.6%
Inventory $332.0M $303.0M
Prepaid Expenses $470.0M $489.0M
Receivables $1.444B $1.566B
Other Receivables $149.0M $210.0M
Total Short-Term Assets $3.398B $3.484B
YoY Change -2.47% -11.44%
LONG-TERM ASSETS
Property, Plant & Equipment $30.21B $28.68B
YoY Change 5.33% 5.13%
Goodwill $429.0M $429.0M
YoY Change 0.0% 0.0%
Intangibles $3.000M $4.000M
YoY Change -25.0% 100.0%
Long-Term Investments $814.0M $547.0M
YoY Change 48.81% 55.84%
Other Assets $9.553B $253.0M
YoY Change 3675.89% 0.0%
Total Long-Term Assets $40.58B $37.00B
YoY Change 9.68% -2.13%
TOTAL ASSETS
Total Short-Term Assets $3.398B $3.484B
Total Long-Term Assets $40.58B $37.00B
Total Assets $43.98B $40.48B
YoY Change 8.64% -3.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $937.0M $1.079B
YoY Change -13.16% 1.31%
Accrued Expenses $280.0M $307.0M
YoY Change -8.79% -26.9%
Deferred Revenue
YoY Change
Short-Term Debt $519.0M $830.0M
YoY Change -37.47% -18.71%
Long-Term Debt Due $496.0M $285.0M
YoY Change 74.04% -29.63%
Total Short-Term Liabilities $3.407B $3.576B
YoY Change -4.73% -15.72%
LONG-TERM LIABILITIES
Long-Term Debt $11.69B $11.34B
YoY Change 3.14% 7.43%
Other Long-Term Liabilities $6.849B $4.576B
YoY Change 49.67% 3560.8%
Total Long-Term Liabilities $16.11B $13.14B
YoY Change 22.56% 141.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.407B $3.576B
Total Long-Term Liabilities $16.11B $13.14B
Total Liabilities $19.51B $16.72B
YoY Change 16.73% 72.66%
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 $12.76B $12.43B
YoY Change
Total Liabilities & Shareholders Equity $43.98B $40.48B
YoY Change 8.64% -3.01%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $370.0M $361.0M
YoY Change 2.49% 88.02%
Depreciation, Depletion And Amortization $279.0M $261.0M
YoY Change 6.9% 3.98%
Cash From Operating Activities $559.0M $224.0M
YoY Change 149.55% -366.67%
INVESTING ACTIVITIES
Capital Expenditures $42.00M $61.00M
YoY Change -31.15% -32.97%
Acquisitions
YoY Change
Other Investing Activities -$6.000M -$36.00M
YoY Change -83.33% 176.92%
Cash From Investing Activities -$667.0M -$634.0M
YoY Change 5.21% -4.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000M $1.000M
YoY Change 100.0% -50.0%
Debt Paid & Issued, Net $0.00 $200.0M
YoY Change -100.0% -60.71%
Cash From Financing Activities -474.0M -162.0M
YoY Change 192.59% -133.4%
NET CHANGE
Cash From Operating Activities 559.0M 224.0M
Cash From Investing Activities -667.0M -634.0M
Cash From Financing Activities -474.0M -162.0M
Net Change In Cash -582.0M -572.0M
YoY Change 1.75% 118.32%
FREE CASH FLOW
Cash From Operating Activities $559.0M $224.0M
Capital Expenditures $42.00M $61.00M
Free Cash Flow $517.0M $163.0M
YoY Change 217.18% -193.14%

Facts In Submission

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On March 12, 2014, two multi-use five-story tall buildings located on Park Avenue between 116thand 117thStreet in Manhattan were destroyed by an explosion and fire. CECONY had delivered gas to the buildings through service lines from a distribution main located below ground on Park Avenue. Eight people died and more than 48 people were injured. Additional buildings were also damaged.
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