2015 Q2 Form 10-Q Financial Statement

#000103129615000042 Filed on July 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $3.465B $3.496B
YoY Change -0.89% -0.31%
Cost Of Revenue $989.0M $1.083B
YoY Change -8.68% 25.06%
Gross Profit $2.476B $2.413B
YoY Change 2.61% -8.63%
Gross Profit Margin 71.46% 69.02%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $322.0M $322.0M
YoY Change 0.0% -13.44%
% of Gross Profit 13.0% 13.34%
Operating Expenses $1.915B $2.121B
YoY Change -9.71% -0.24%
Operating Profit $554.0M $292.0M
YoY Change 89.73% 595.24%
Interest Expense $282.0M $262.0M
YoY Change 7.63% 2.34%
% of Operating Profit 50.9% 89.73%
Other Income/Expense, Net -$252.0M -$202.0M
YoY Change 24.75% -25.74%
Pretax Income $302.0M $90.00M
YoY Change 235.56% -139.13%
Income Tax $115.0M $26.00M
% Of Pretax Income 38.08% 28.89%
Net Earnings $187.0M $64.00M
YoY Change 192.19% -139.02%
Net Earnings / Revenue 5.4% 1.83%
Basic Earnings Per Share $0.44 $0.16
Diluted Earnings Per Share $0.44 $0.15
COMMON SHARES
Basic Shares Outstanding 422.0M shares 420.0M shares
Diluted Shares Outstanding 423.0M shares 421.0M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.00M $76.00M
YoY Change 23.68% 7.04%
Cash & Equivalents $94.00M $76.00M
Short-Term Investments
Other Short-Term Assets $166.0M $205.0M
YoY Change -19.02% -17.34%
Inventory $792.0M $802.0M
Prepaid Expenses
Receivables $1.590B $1.731B
Other Receivables $181.0M $231.0M
Total Short-Term Assets $4.113B $4.183B
YoY Change -1.67% 17.5%
LONG-TERM ASSETS
Property, Plant & Equipment $36.42B $34.52B
YoY Change 5.5% 4.31%
Goodwill $6.418B $6.418B
YoY Change 0.0% -0.45%
Intangibles
YoY Change
Long-Term Investments $886.0M $896.0M
YoY Change -1.12% -2.82%
Other Assets $1.301B $1.279B
YoY Change 1.72% -21.92%
Total Long-Term Assets $9.242B $9.429B
YoY Change -1.98% -9.39%
TOTAL ASSETS
Total Short-Term Assets $4.113B $4.183B
Total Long-Term Assets $9.242B $9.429B
Total Assets $52.17B $51.39B
YoY Change 1.52% 2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.034B $1.341B
YoY Change -22.89% 41.16%
Accrued Expenses $323.0M $283.0M
YoY Change 14.13% -5.03%
Deferred Revenue
YoY Change
Short-Term Debt $2.908B $2.323B
YoY Change 25.18% -28.61%
Long-Term Debt Due $1.292B $1.016B
YoY Change 27.17% -47.95%
Total Short-Term Liabilities $6.789B $6.173B
YoY Change 9.98% -18.05%
LONG-TERM LIABILITIES
Long-Term Debt $18.57B $18.42B
YoY Change 0.84% 19.2%
Other Long-Term Liabilities $1.373B $1.494B
YoY Change -8.1% -12.27%
Total Long-Term Liabilities $15.12B $14.12B
YoY Change 7.08% -1.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.789B $6.173B
Total Long-Term Liabilities $15.12B $14.12B
Total Liabilities $21.90B $20.29B
YoY Change 7.97% -7.38%
SHAREHOLDERS EQUITY
Retained Earnings $2.391B $2.560B
YoY Change -6.6% -4.83%
Common Stock $9.895B $9.817B
YoY Change 0.79% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.53B $12.68B
YoY Change
Total Liabilities & Shareholders Equity $53.01B $51.39B
YoY Change 3.15% 2.45%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $187.0M $64.00M
YoY Change 192.19% -139.02%
Depreciation, Depletion And Amortization $322.0M $322.0M
YoY Change 0.0% -13.44%
Cash From Operating Activities $797.0M $714.0M
YoY Change 11.62% 61.17%
INVESTING ACTIVITIES
Capital Expenditures -$855.0M -$991.0M
YoY Change -13.72% 62.73%
Acquisitions
YoY Change
Other Investing Activities -$90.00M -$63.00M
YoY Change 42.86% 85.29%
Cash From Investing Activities -$945.0M -$1.054B
YoY Change -10.34% 63.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 152.0M 307.0M
YoY Change -50.49% 50.49%
NET CHANGE
Cash From Operating Activities 797.0M 714.0M
Cash From Investing Activities -945.0M -1.054B
Cash From Financing Activities 152.0M 307.0M
Net Change In Cash 4.000M -33.00M
YoY Change -112.12% -925.0%
FREE CASH FLOW
Cash From Operating Activities $797.0M $714.0M
Capital Expenditures -$855.0M -$991.0M
Free Cash Flow $1.652B $1.705B
YoY Change -3.11% 62.07%

Facts In Submission

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us-gaap Profit Loss
ProfitLoss
409000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35783000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36416000000 USD
CY2014Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
18000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
21000000 USD
CY2015Q2 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
19000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
30000000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
62000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
118000000 USD
CY2015Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
38000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
78000000 USD
CY2014Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1411000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
925000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
292000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1081000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2285000000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2391000000 USD
CY2014Q2 us-gaap Revenues
Revenues
3496000000 USD
us-gaap Revenues
Revenues
7678000000 USD
CY2015Q2 us-gaap Revenues
Revenues
3465000000 USD
us-gaap Revenues
Revenues
7362000000 USD
us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
-24000000 USD
us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
-24000000 USD
CY2014Q4 us-gaap Sale Leaseback Transaction Deferred Gain Net
SaleLeasebackTransactionDeferredGainNet
824000000 USD
CY2015Q2 us-gaap Sale Leaseback Transaction Deferred Gain Net
SaleLeasebackTransactionDeferredGainNet
807000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
3496000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
7678000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
3465000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
7362000000 USD
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1799000000 USD
CY2015Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
2908000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
12420000000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
12530000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12422000000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12531000000 USD
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-40000000 USD
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
7000000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
10000000 USD
CY2014Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
228000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
499000000 USD
CY2015Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
242000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
511000000 USD
CY2015Q2 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1231000000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
421000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
420000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423000000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
420000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
422000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
422000000 shares

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