2015 Q1 Form 10-Q Financial Statement

#000119312515098477 Filed on March 19, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $11.72B $11.30B
YoY Change 3.67% 3.18%
Cost Of Revenue $2.975B $3.226B
YoY Change -7.78% 4.54%
Gross Profit $8.741B $8.075B
YoY Change 8.25% 2.64%
Gross Profit Margin 74.61% 71.45%
Selling, General & Admin $5.526B $5.267B
YoY Change 4.92% 1.02%
% of Gross Profit 63.22% 65.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $652.0M $652.0M
YoY Change 0.0% 8.85%
% of Gross Profit 7.46% 8.07%
Operating Expenses $10.68B $7.434B
YoY Change 43.64% -28.27%
Operating Profit $1.038B $737.0M
YoY Change 40.84% 25.13%
Interest Expense -$58.00M -$38.00M
YoY Change 52.63% 322.22%
% of Operating Profit -5.59% -5.16%
Other Income/Expense, Net -$53.00M -$9.000M
YoY Change 488.89% -64.0%
Pretax Income $985.0M $594.0M
YoY Change 65.82% 5.32%
Income Tax $357.0M $216.0M
% Of Pretax Income 36.24% 36.36%
Net Earnings $628.0M $437.0M
YoY Change 43.71% 21.05%
Net Earnings / Revenue 5.36% 3.87%
Basic Earnings Per Share $2.21 $1.44
Diluted Earnings Per Share $2.18 $1.42
COMMON SHARES
Basic Shares Outstanding 283.0M shares 303.0M shares
Diluted Shares Outstanding 287.0M shares 307.0M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.478B $3.042B
YoY Change 14.33% -9.79%
Cash & Equivalents $3.478B $3.042B
Short-Term Investments
Other Short-Term Assets $932.0M $1.080B
YoY Change -13.7% 12.15%
Inventory $488.0M $462.0M
Prepaid Expenses
Receivables $5.584B $5.197B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.48B $9.781B
YoY Change 7.17% 0.37%
LONG-TERM ASSETS
Property, Plant & Equipment $20.43B $19.29B
YoY Change 5.91% 5.22%
Goodwill $3.805B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.396B $924.0M
YoY Change 51.08% -6.85%
Total Long-Term Assets $25.63B $22.95B
YoY Change 11.67% 3.91%
TOTAL ASSETS
Total Short-Term Assets $10.48B $9.781B
Total Long-Term Assets $25.63B $22.95B
Total Assets $36.11B $32.73B
YoY Change 10.32% 2.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.050B $1.903B
YoY Change 7.72% 10.0%
Accrued Expenses $3.193B $3.115B
YoY Change 2.5% -0.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.000M
YoY Change -100.0% -99.6%
Total Short-Term Liabilities $5.243B $5.019B
YoY Change 4.46% -1.57%
LONG-TERM LIABILITIES
Long-Term Debt $7.228B $4.735B
YoY Change 52.65% 137.82%
Other Long-Term Liabilities $5.128B $5.665B
YoY Change -9.48% -24.36%
Total Long-Term Liabilities $12.36B $10.40B
YoY Change 18.81% 9.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.243B $5.019B
Total Long-Term Liabilities $12.36B $10.40B
Total Liabilities $20.10B $17.50B
YoY Change 14.82% 11.35%
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 $16.01B $15.23B
YoY Change
Total Liabilities & Shareholders Equity $36.11B $32.73B
YoY Change 10.32% 2.82%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $628.0M $437.0M
YoY Change 43.71% 21.05%
Depreciation, Depletion And Amortization $652.0M $652.0M
YoY Change 0.0% 8.85%
Cash From Operating Activities $1.322B $969.0M
YoY Change 36.43% -22.97%
INVESTING ACTIVITIES
Capital Expenditures -$1.079B -$864.0M
YoY Change 24.88% 59.41%
Acquisitions
YoY Change
Other Investing Activities -$1.420B $4.000M
YoY Change -35600.0% -84.0%
Cash From Investing Activities -$2.499B -$860.0M
YoY Change 190.58% 66.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $69.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.433B -995.0M
YoY Change -344.52% -883.46%
NET CHANGE
Cash From Operating Activities 1.322B 969.0M
Cash From Investing Activities -2.499B -860.0M
Cash From Financing Activities 2.433B -995.0M
Net Change In Cash 1.256B -886.0M
YoY Change -241.76% -202.07%
FREE CASH FLOW
Cash From Operating Activities $1.322B $969.0M
Capital Expenditures -$1.079B -$864.0M
Free Cash Flow $2.401B $1.833B
YoY Change 30.99% 1.83%

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