2013 Q1 Form 10-Q Financial Statement

#000103129613000015 Filed on May 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $3.723B $3.990B
YoY Change -6.69% 11.58%
Cost Of Revenue $946.0M $1.259B
YoY Change -24.86% 6.16%
Gross Profit $2.777B $2.731B
YoY Change 1.68% 14.27%
Gross Profit Margin 74.59% 68.45%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $352.0M $278.0M
YoY Change 26.62% 26.36%
% of Gross Profit 12.68% 10.18%
Operating Expenses $2.129B $1.985B
YoY Change 7.25% -2.7%
Operating Profit $645.0M $740.0M
YoY Change -12.84% 111.43%
Interest Expense $258.0M $246.0M
YoY Change 4.88% -228.13%
% of Operating Profit 40.0% 33.24%
Other Income/Expense, Net -$342.0M -$218.0M
YoY Change 56.88% 13.54%
Pretax Income $306.0M $528.0M
YoY Change -42.05% 234.18%
Income Tax $114.0M $220.0M
% Of Pretax Income 37.25% 41.67%
Net Earnings $196.0M $306.0M
YoY Change -35.95% 488.46%
Net Earnings / Revenue 5.26% 7.67%
Basic Earnings Per Share $0.47 $0.73
Diluted Earnings Per Share $0.47 $0.73
COMMON SHARES
Basic Shares Outstanding 418.0M shares 418.0M shares
Diluted Shares Outstanding 419.0M shares 420.0M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.00M $74.00M
YoY Change -9.46% -93.28%
Cash & Equivalents $67.00M $74.00M
Short-Term Investments
Other Short-Term Assets $214.0M $182.0M
YoY Change 17.58% -78.02%
Inventory $835.0M $927.0M
Prepaid Expenses
Receivables $1.631B $1.449B
Other Receivables $227.0M $286.0M
Total Short-Term Assets $3.499B $3.477B
YoY Change 0.63% -25.16%
LONG-TERM ASSETS
Property, Plant & Equipment $33.29B $30.57B
YoY Change 8.9% 4.88%
Goodwill $6.447B $6.444B
YoY Change 0.05% -0.97%
Intangibles
YoY Change
Long-Term Investments $988.0M $1.347B
YoY Change -26.65% 26.72%
Other Assets $1.665B $1.716B
YoY Change -2.97% -68.28%
Total Long-Term Assets $10.42B $10.17B
YoY Change 2.54% -76.85%
TOTAL ASSETS
Total Short-Term Assets $3.499B $3.477B
Total Long-Term Assets $10.42B $10.17B
Total Assets $50.42B $47.69B
YoY Change 5.73% -1.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $982.0M $918.0M
YoY Change 6.97% -15.0%
Accrued Expenses $240.0M $258.0M
YoY Change -6.98% -17.31%
Deferred Revenue
YoY Change
Short-Term Debt $2.150B $1.075B
YoY Change 100.0% 121.19%
Long-Term Debt Due $2.296B $1.772B
YoY Change 29.57% 27.94%
Total Short-Term Liabilities $7.132B $5.773B
YoY Change 23.54% 11.84%
LONG-TERM LIABILITIES
Long-Term Debt $15.81B $15.53B
YoY Change 1.85% -11.45%
Other Long-Term Liabilities $1.751B $2.011B
YoY Change -12.93% -73.71%
Total Long-Term Liabilities $14.48B $13.05B
YoY Change 10.93% -48.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.132B $5.773B
Total Long-Term Liabilities $14.48B $13.05B
Total Liabilities $21.61B $18.83B
YoY Change 14.79% -46.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.854B $3.122B
YoY Change -8.58%
Common Stock $9.739B $9.754B
YoY Change -0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.00B $13.32B
YoY Change
Total Liabilities & Shareholders Equity $50.42B $47.69B
YoY Change 5.73% -0.37%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $196.0M $306.0M
YoY Change -35.95% 488.46%
Depreciation, Depletion And Amortization $352.0M $278.0M
YoY Change 26.62% 26.36%
Cash From Operating Activities $50.00M -$413.0M
YoY Change -112.11% -184.11%
INVESTING ACTIVITIES
Capital Expenditures -$853.0M -$589.0M
YoY Change 44.82% 31.18%
Acquisitions
YoY Change
Other Investing Activities $1.000M $8.000M
YoY Change -87.5% -65.22%
Cash From Investing Activities -$927.0M -$534.0M
YoY Change 73.6% -478.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $846.0M $16.00M
YoY Change 5187.5% -95.54%
Cash From Financing Activities 772.0M $819.0M
YoY Change -5.74% -248.91%
NET CHANGE
Cash From Operating Activities 50.00M -$413.0M
Cash From Investing Activities -927.0M -$534.0M
Cash From Financing Activities 772.0M $819.0M
Net Change In Cash -105.0M -$128.0M
YoY Change -17.97% -256.1%
FREE CASH FLOW
Cash From Operating Activities $50.00M -$413.0M
Capital Expenditures -$853.0M -$589.0M
Free Cash Flow $903.0M $176.0M
YoY Change 413.07% -81.28%

Facts In Submission

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CY2013Q1 fe Period In Which Lses May Request Direct Allocation Of Ftrs
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CY2012Q4 fe Unamortized Gains Or Losses Associated With Designated Cash Flow Hedges
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CY2013Q1 dei Amendment Flag
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CY2013Q1 dei Current Fiscal Year End Date
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CY2013Q1 dei Document Fiscal Period Focus
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CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
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CY2013Q1 dei Document Type
DocumentType
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CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
418216437 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
FIRSTENERGY CORP

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