2014 Q4 Form 10-K Financial Statement

#000082705216000222 Filed on February 23, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $3.114B $4.356B $3.016B
YoY Change 5.81% 10.0% -0.98%
Cost Of Revenue $1.249B $2.105B $1.168B
YoY Change -5.52% 22.88% 8.55%
Gross Profit $1.866B $2.251B $1.848B
YoY Change 15.11% 0.18% -6.19%
Gross Profit Margin 59.92% 51.68% 61.27%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $567.0M $384.0M $432.0M
YoY Change 20.13% -2.04% -0.46%
% of Gross Profit 30.39% 17.06% 23.38%
Operating Expenses $1.244B $1.380B $1.273B
YoY Change 10.87% -5.35% -13.17%
Operating Profit $693.0M $874.0M $575.0M
YoY Change 37.23% 10.77% -909.86%
Interest Expense -$138.0M $141.0M $139.0M
YoY Change -2.82% 2.92% 4.51%
% of Operating Profit -19.91% 16.13% 24.17%
Other Income/Expense, Net $10.00M $11.00M $30.00M
YoY Change -433.33% -15.38% 50.0%
Pretax Income $565.0M $744.0M $466.0M
YoY Change 57.82% 11.88% -353.26%
Income Tax $159.0M $220.0M $84.00M
% Of Pretax Income 28.14% 29.57% 18.03%
Net Earnings $420.0M $480.0M $536.0M
YoY Change 39.53% 9.59% -670.21%
Net Earnings / Revenue 13.49% 11.02% 17.77%
Basic Earnings Per Share $1.29 $1.47 $1.64
Diluted Earnings Per Share $1.27 $1.46 $1.63
COMMON SHARES
Basic Shares Outstanding 325.8M shares 326.0M shares 326.0M shares
Diluted Shares Outstanding 329.0M shares 329.0M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.0M $142.0M $190.0M
YoY Change -9.59% -76.72% 28.38%
Cash & Equivalents $132.0M $142.0M $190.0M
Short-Term Investments
Other Short-Term Assets $376.0M $467.0M $433.0M
YoY Change -4.81% 201.29% 254.92%
Inventory $281.0M $275.0M $277.0M
Prepaid Expenses
Receivables $790.0M $1.218B $1.034B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.567B $4.498B $4.551B
YoY Change 7.7% 24.84% 50.6%
LONG-TERM ASSETS
Property, Plant & Equipment $32.98B $32.02B $31.36B
YoY Change 8.29% 7.42% 6.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.006B $4.945B $4.942B
YoY Change 6.49% 9.09% 12.91%
Other Assets $349.0M $437.0M $445.0M
YoY Change -49.13% -17.08% -34.65%
Total Long-Term Assets $46.17B $44.98B $44.31B
YoY Change 6.54% 4.37% 5.49%
TOTAL ASSETS
Total Short-Term Assets $3.567B $4.498B $4.551B
Total Long-Term Assets $46.17B $44.98B $44.31B
Total Assets $49.73B $49.48B $48.86B
YoY Change 6.62% 5.95% 8.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.580B $1.455B $1.306B
YoY Change 12.3% 17.34% 1.4%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.291B $1.349B $1.253B
YoY Change 517.7% -11.71% 46.89%
Long-Term Debt Due $504.0M $704.0M $900.0M
YoY Change -16.14% 75.56% 12.5%
Total Short-Term Liabilities $5.479B $5.849B $5.773B
YoY Change 12.25% 8.54% 18.11%
LONG-TERM LIABILITIES
Long-Term Debt $10.23B $10.13B $9.926B
YoY Change 4.16% 9.76% 12.41%
Other Long-Term Liabilities $2.255B $2.225B $2.522B
YoY Change 8.94% 5.1% 12.49%
Total Long-Term Liabilities $12.49B $12.36B $12.45B
YoY Change 4.99% 8.89% 12.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.479B $5.849B $5.773B
Total Long-Term Liabilities $12.49B $12.36B $12.45B
Total Liabilities $36.75B $36.72B $36.46B
YoY Change 5.12% 4.14% 7.49%
SHAREHOLDERS EQUITY
Retained Earnings $8.573B $8.314B $7.960B
YoY Change 13.58% 12.79% 12.92%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.98B $12.76B $12.40B
YoY Change
Total Liabilities & Shareholders Equity $49.73B $49.48B $48.86B
YoY Change 6.62% 5.95% 8.52%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $420.0M $480.0M $536.0M
YoY Change 39.53% 9.59% -670.21%
Depreciation, Depletion And Amortization $567.0M $384.0M $432.0M
YoY Change 20.13% -2.04% -0.46%
Cash From Operating Activities $1.221B $1.419B $43.00M
YoY Change 36.12% 75.4% -94.3%
INVESTING ACTIVITIES
Capital Expenditures -$1.050B -$1.000B -$916.0M
YoY Change 25.3% 7.87% 7.13%
Acquisitions
YoY Change
Other Investing Activities $79.00M -$4.000M $26.00M
YoY Change -53.8% -107.84% -116.25%
Cash From Investing Activities -$971.0M -$1.004B -$890.0M
YoY Change 45.58% 14.61% -12.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -260.0M -463.0M 888.0M
YoY Change -62.54% -187.52% 203.07%
NET CHANGE
Cash From Operating Activities 1.221B 1.419B 43.00M
Cash From Investing Activities -971.0M -1.004B -890.0M
Cash From Financing Activities -260.0M -463.0M 888.0M
Net Change In Cash -10.00M -48.00M 41.00M
YoY Change -97.84% -110.39% 24.24%
FREE CASH FLOW
Cash From Operating Activities $1.221B $1.419B $43.00M
Capital Expenditures -$1.050B -$1.000B -$916.0M
Free Cash Flow $2.271B $2.419B $959.0M
YoY Change 30.89% 39.34% -40.43%

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0 USD
CY2015 us-gaap Repayments Of Pollution Control Bond
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8940000000 USD
CY2013 us-gaap Revenues
Revenues
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CY2014Q1 us-gaap Revenues
Revenues
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Revenues
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Revenues
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Revenues
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CY2014 us-gaap Revenues
Revenues
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Revenues
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Revenues
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CY2015 us-gaap Revenues
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
49500000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
18000000 shares
CY2014Q1 us-gaap Share Price
SharePrice
56.61
CY2014Q2 us-gaap Share Price
SharePrice
58.11
CY2014Q3 us-gaap Share Price
SharePrice
55.92
CY2014Q4 us-gaap Share Price
SharePrice
65.48
CY2015Q1 us-gaap Share Price
SharePrice
62.47
CY2015Q2 us-gaap Share Price
SharePrice
55.58
CY2015Q3 us-gaap Share Price
SharePrice
63.07
CY2015Q4 us-gaap Share Price
SharePrice
59.21
CY2014Q4 us-gaap Short Term Borrowings
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CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2015Q4 us-gaap Tax Credit Carryforward Amount
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CY2014Q4 us-gaap Taxes Payable Current
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CY2015Q4 us-gaap Taxes Payable Current
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CY2012Q4 us-gaap Unrecognized Tax Benefits
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CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
143000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
165000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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2000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
19000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
65000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
54000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
43000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
66000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
503000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
440000000 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
126100000 USD
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
70000000 USD
CY2014Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
72200000 USD
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
71300000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
55300000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
43800000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
46900000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
111400000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
41600000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
47800000 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
329000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
329000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
329000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with United States generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.</font></div></div>

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0000827052-16-000222.txt Edgar Link pending
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