2015 Q2 Form 10-Q Financial Statement

#000127618715000033 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q1
Revenue $9.427B $9.661B $13.08B
YoY Change -33.35% -26.14% 17.01%
Cost Of Revenue $9.338B $8.487B $11.44B
YoY Change -24.39% -25.83% 16.67%
Gross Profit $89.00M $1.174B $1.638B
YoY Change -95.03% -28.33% 19.39%
Gross Profit Margin 0.94% 12.15% 12.52%
Selling, General & Admin $183.0M $155.0M $131.0M
YoY Change 29.79% 18.32% -16.56%
% of Gross Profit 205.62% 13.2% 8.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $514.0M $493.0M $373.0M
YoY Change 14.22% 32.17% 19.55%
% of Gross Profit 577.53% 41.99% 22.77%
Operating Expenses $183.0M $155.0M $131.0M
YoY Change 29.79% 18.32% -16.56%
Operating Profit $743.0M $758.0M $710.0M
YoY Change -3.88% 6.76% 33.71%
Interest Expense $408.0M $371.0M $315.0M
YoY Change 18.6% 17.78% 1.61%
% of Operating Profit 54.91% 48.94% 44.37%
Other Income/Expense, Net $17.00M $7.000M $2.000M
YoY Change -168.0% 250.0% -110.53%
Pretax Income $716.0M $233.0M $569.0M
YoY Change 35.61% -59.05% 90.94%
Income Tax -$56.00M $12.00M $145.0M
% Of Pretax Income -7.82% 5.15% 25.48%
Net Earnings $298.0M $284.0M $168.0M
YoY Change 81.71% 69.05% 86.67%
Net Earnings / Revenue 3.16% 2.94% 1.28%
Basic Earnings Per Share
Diluted Earnings Per Share $281.9K $263.2K $150.7K
COMMON SHARES
Basic Shares Outstanding 539.2M shares 1.078B shares 558.2M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.623B $1.863B $1.010B
YoY Change 31.52% 84.46% 64.5%
Cash & Equivalents $1.623B $1.863B $1.010B
Short-Term Investments
Other Short-Term Assets $382.0M $411.0M $279.0M
YoY Change 40.44% 47.31% -20.74%
Inventory $1.858B $1.461B $1.484B
Prepaid Expenses
Receivables $3.186B $2.863B $4.423B
Other Receivables $209.0M $155.0M $101.0M
Total Short-Term Assets $7.237B $6.789B $7.516B
YoY Change -5.42% -9.67% 13.41%
LONG-TERM ASSETS
Property, Plant & Equipment $44.05B $42.34B $34.12B
YoY Change 25.43% 24.12% 19.12%
Goodwill $7.663B $7.702B $6.216B
YoY Change 23.0% 23.91% -3.09%
Intangibles $5.579B $5.553B $5.132B
YoY Change 10.0% 8.2% 126.48%
Long-Term Investments $3.653B $3.656B $3.818B
YoY Change -0.9% -4.24% -18.9%
Other Assets $965.0M $953.0M $971.0M
YoY Change 12.6% -1.85% 112.47%
Total Long-Term Assets $61.91B $60.22B $50.25B
YoY Change 21.48% 19.82% 15.49%
TOTAL ASSETS
Total Short-Term Assets $7.237B $6.789B $7.516B
Total Long-Term Assets $61.91B $60.22B $50.25B
Total Assets $69.15B $67.00B $57.77B
YoY Change 17.96% 15.99% 15.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.009B $2.865B $4.272B
YoY Change -30.3% -32.94% 19.56%
Accrued Expenses $1.534B $1.501B $990.0M
YoY Change 24.01% 51.62% -15.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $269.0M $1.388B
YoY Change -98.89% -80.62% 127.17%
Total Short-Term Liabilities $5.238B $5.327B $8.091B
YoY Change -36.29% -34.16% 32.05%
LONG-TERM LIABILITIES
Long-Term Debt $34.80B $33.16B $24.91B
YoY Change 34.6% 33.14% 11.47%
Other Long-Term Liabilities $1.226B $1.313B $1.024B
YoY Change 20.43% 28.22% 9.17%
Total Long-Term Liabilities $36.02B $34.47B $25.93B
YoY Change 34.06% 32.94% 11.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.238B $5.327B $8.091B
Total Long-Term Liabilities $36.02B $34.47B $25.93B
Total Liabilities $41.26B $39.80B $34.02B
YoY Change 17.58% 16.98% 15.68%
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 $501.0M $707.0M $1.286B
YoY Change
Total Liabilities & Shareholders Equity $69.15B $67.00B $57.77B
YoY Change 17.96% 15.99% 15.22%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $298.0M $284.0M $168.0M
YoY Change 81.71% 69.05% 86.67%
Depreciation, Depletion And Amortization $514.0M $493.0M $373.0M
YoY Change 14.22% 32.17% 19.55%
Cash From Operating Activities $538.0M $575.0M $829.0M
YoY Change -49.53% -30.64% 151.21%
INVESTING ACTIVITIES
Capital Expenditures -$2.023B -$2.158B -$942.0M
YoY Change 69.29% 129.09% 23.78%
Acquisitions $370.0M $214.0M
YoY Change 72.9%
Other Investing Activities -$65.00M $4.000M $21.00M
YoY Change -119.82% -80.95% -800.0%
Cash From Investing Activities -$2.088B -$2.585B -$801.0M
YoY Change 140.83% 222.72% 14.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $366.0M
YoY Change -100.0%
Debt Paid & Issued, Net $5.938B $1.977B
YoY Change 200.35% 0.82%
Cash From Financing Activities 1.310B $3.026B $392.0M
YoY Change 5140.0% 671.94% -35.95%
NET CHANGE
Cash From Operating Activities 538.0M $575.0M $829.0M
Cash From Investing Activities -2.088B -$2.585B -$801.0M
Cash From Financing Activities 1.310B $3.026B $392.0M
Net Change In Cash -240.0M $1.016B $420.0M
YoY Change -207.14% 141.9% 73.55%
FREE CASH FLOW
Cash From Operating Activities $538.0M $575.0M $829.0M
Capital Expenditures -$2.023B -$2.158B -$942.0M
Free Cash Flow $2.561B $2.733B $1.771B
YoY Change 13.27% 54.32% 62.33%

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CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
23000000 USD
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
500000 shares
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22314000000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22791000000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
54000000 USD
CY2015Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
42000000 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
33000000 USD
CY2015Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
33000000 USD
CY2014 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-1000000 USD
CY2015Q1 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
0 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-33000000 USD
CY2015Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-75000000 USD
CY2014Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
557700000 shares
CY2015Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
538800000 shares
CY2014Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
558400000 shares
CY2015Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
539500000 shares

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