2016 Q2 Form 10-Q Financial Statement

#000082705216000363 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $2.777B $2.908B
YoY Change -4.5% -3.58%
Cost Of Revenue $1.064B $1.078B
YoY Change -1.3% -7.71%
Gross Profit $1.713B $1.830B
YoY Change -6.39% -0.97%
Gross Profit Margin 61.69% 62.93%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $526.0M $502.0M
YoY Change 4.78% 16.2%
% of Gross Profit 30.71% 27.43%
Operating Expenses $1.311B $1.306B
YoY Change 0.38% 2.59%
Operating Profit $381.0M $524.0M
YoY Change -27.29% -8.87%
Interest Expense $144.0M $138.0M
YoY Change 4.35% -0.72%
% of Operating Profit 37.8% 26.34%
Other Income/Expense, Net $22.00M $26.00M
YoY Change -15.38% -13.33%
Pretax Income $259.0M $412.0M
YoY Change -37.14% -11.59%
Income Tax -$51.00M $6.000M
% Of Pretax Income -19.69% 1.46%
Net Earnings $280.0M $379.0M
YoY Change -26.12% -29.29%
Net Earnings / Revenue 10.08% 13.03%
Basic Earnings Per Share $0.86 $1.16
Diluted Earnings Per Share $0.85 $1.15
COMMON SHARES
Basic Shares Outstanding 326.0M shares 326.0M shares
Diluted Shares Outstanding 330.0M shares 328.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $111.0M $139.0M
YoY Change -20.14% -26.84%
Cash & Equivalents $111.0M $139.0M
Short-Term Investments
Other Short-Term Assets $214.0M $437.0M
YoY Change -51.03% 0.92%
Inventory $308.0M $276.0M
Prepaid Expenses
Receivables $801.0M $768.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.659B $3.906B
YoY Change -31.93% -14.17%
LONG-TERM ASSETS
Property, Plant & Equipment $35.78B $33.73B
YoY Change 6.08% 7.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.547B $5.046B
YoY Change -9.89% 2.1%
Other Assets $353.0M $358.0M
YoY Change -1.4% -19.55%
Total Long-Term Assets $48.54B $47.33B
YoY Change 2.55% 6.82%
TOTAL ASSETS
Total Short-Term Assets $2.659B $3.906B
Total Long-Term Assets $48.54B $47.33B
Total Assets $51.20B $51.24B
YoY Change -0.08% 4.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.166B $1.294B
YoY Change -9.89% -0.92%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $800.0M $1.415B
YoY Change -43.46% 12.93%
Long-Term Debt Due $696.0M $204.0M
YoY Change 241.18% -77.33%
Total Short-Term Liabilities $5.149B $4.836B
YoY Change 6.47% -16.23%
LONG-TERM LIABILITIES
Long-Term Debt $10.85B $11.27B
YoY Change -3.73% 13.49%
Other Long-Term Liabilities $2.081B $2.220B
YoY Change -6.26% -11.97%
Total Long-Term Liabilities $12.93B $13.49B
YoY Change -4.15% 8.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.149B $4.836B
Total Long-Term Liabilities $12.93B $13.49B
Total Liabilities $37.45B $37.89B
YoY Change -1.16% 3.92%
SHAREHOLDERS EQUITY
Retained Earnings $9.111B $8.909B
YoY Change 2.27% 11.92%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.75B $13.35B
YoY Change
Total Liabilities & Shareholders Equity $51.20B $51.24B
YoY Change -0.08% 4.86%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $280.0M $379.0M
YoY Change -26.12% -29.29%
Depreciation, Depletion And Amortization $526.0M $502.0M
YoY Change 4.78% 16.2%
Cash From Operating Activities $577.0M $804.0M
YoY Change -28.23% 1769.77%
INVESTING ACTIVITIES
Capital Expenditures -$877.0M -$929.0M
YoY Change -5.6% 1.42%
Acquisitions
YoY Change
Other Investing Activities $30.00M -$11.00M
YoY Change -372.73% -142.31%
Cash From Investing Activities -$847.0M -$940.0M
YoY Change -9.89% 5.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 244.0M 160.0M
YoY Change 52.5% -81.98%
NET CHANGE
Cash From Operating Activities 577.0M 804.0M
Cash From Investing Activities -847.0M -940.0M
Cash From Financing Activities 244.0M 160.0M
Net Change In Cash -26.00M 24.00M
YoY Change -208.33% -41.46%
FREE CASH FLOW
Cash From Operating Activities $577.0M $804.0M
Capital Expenditures -$877.0M -$929.0M
Free Cash Flow $1.454B $1.733B
YoY Change -16.1% 80.71%

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