2015 Q2 Form 10-Q Financial Statement

#000083125915000043 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $3.938B $5.136B
YoY Change -23.33% 19.78%
Cost Of Revenue $6.170B $4.095B
YoY Change 50.67% 21.05%
Gross Profit -$2.232B $1.041B
YoY Change -314.41% 15.03%
Gross Profit Margin -56.68% 20.27%
Selling, General & Admin $148.0M $164.0M
YoY Change -9.76% -11.83%
% of Gross Profit 15.75%
Research & Development $30.00M $34.00M
YoY Change -11.76% -46.88%
% of Gross Profit 3.27%
Depreciation & Amortization $890.0M $1.013B
YoY Change -12.14% 91.13%
% of Gross Profit 97.31%
Operating Expenses $148.0M $164.0M
YoY Change -9.76% -11.83%
Operating Profit -$2.421B $1.042B
YoY Change -332.34% 63.07%
Interest Expense -$142.0M -$164.0M
YoY Change -13.41% 4000.0%
% of Operating Profit -15.74%
Other Income/Expense, Net $36.00M -$8.000M
YoY Change -550.0% -161.54%
Pretax Income -$2.527B $986.0M
YoY Change -356.29% 52.16%
Income Tax -$699.0M $328.0M
% Of Pretax Income 33.27%
Net Earnings -$1.799B $660.0M
YoY Change -372.58% 8.2%
Net Earnings / Revenue -45.68% 12.85%
Basic Earnings Per Share -$1.78 $0.46
Diluted Earnings Per Share -$1.78 $0.46
COMMON SHARES
Basic Shares Outstanding 1.040B shares 1.039B shares
Diluted Shares Outstanding 1.040B shares 1.045B shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $466.0M $1.458B
YoY Change -68.04% -55.74%
Cash & Equivalents $318.0M $1.458B
Short-Term Investments
Other Short-Term Assets $528.0M $668.0M
YoY Change -20.96% 45.53%
Inventory $5.431B $5.370B
Prepaid Expenses
Receivables $949.0M $1.838B
Other Receivables $1.323B $920.0M
Total Short-Term Assets $8.697B $10.25B
YoY Change -15.18% -3.06%
LONG-TERM ASSETS
Property, Plant & Equipment $27.10B $25.41B
YoY Change 6.64% -45.02%
Goodwill $1.938B
YoY Change 0.31%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.978B $2.287B
YoY Change -13.51% 0.79%
Total Long-Term Assets $45.31B $53.65B
YoY Change -15.54% 2.04%
TOTAL ASSETS
Total Short-Term Assets $8.697B $10.25B
Total Long-Term Assets $45.31B $53.65B
Total Assets $54.01B $63.90B
YoY Change -15.48% 1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.376B $3.950B
YoY Change -14.53% 4.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $791.0M $2.784B
YoY Change -71.59% 3713.7%
Total Short-Term Liabilities $4.739B $7.558B
YoY Change -37.3% 34.72%
LONG-TERM LIABILITIES
Long-Term Debt $20.11B $17.51B
YoY Change 14.84% -17.17%
Other Long-Term Liabilities $1.760B $1.782B
YoY Change -1.23% -1.55%
Total Long-Term Liabilities $21.87B $19.29B
YoY Change 13.36% -15.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.739B $7.558B
Total Long-Term Liabilities $21.87B $19.29B
Total Liabilities $35.20B $37.60B
YoY Change -6.39% -2.37%
SHAREHOLDERS EQUITY
Retained Earnings -$4.417B $3.081B
YoY Change -243.36% 65.2%
Common Stock $117.0M $117.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.702B $3.686B
YoY Change 0.43% 0.14%
Treasury Stock Shares
Shareholders Equity $13.81B $21.33B
YoY Change
Total Liabilities & Shareholders Equity $54.01B $64.01B
YoY Change -15.62% 1.35%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.799B $660.0M
YoY Change -372.58% 8.2%
Depreciation, Depletion And Amortization $890.0M $1.013B
YoY Change -12.14% 91.13%
Cash From Operating Activities $1.069B $1.386B
YoY Change -22.87% 34.04%
INVESTING ACTIVITIES
Capital Expenditures -$1.489B -$1.950B
YoY Change -23.64% 61.69%
Acquisitions
YoY Change
Other Investing Activities -$163.0M $1.714B
YoY Change -109.51% -132.11%
Cash From Investing Activities -$1.652B -$236.0M
YoY Change 600.0% -96.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0M -1.034B
YoY Change -148.36% 30.72%
NET CHANGE
Cash From Operating Activities 1.069B 1.386B
Cash From Investing Activities -1.652B -236.0M
Cash From Financing Activities 500.0M -1.034B
Net Change In Cash -83.00M 116.0M
YoY Change -171.55% -101.84%
FREE CASH FLOW
Cash From Operating Activities $1.069B $1.386B
Capital Expenditures -$1.489B -$1.950B
Free Cash Flow $2.558B $3.336B
YoY Change -23.32% 48.93%

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