2015 Q3 Form 10-Q Financial Statement

#000103129615000059 Filed on October 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $4.123B $3.888B
YoY Change 6.04% -3.57%
Cost Of Revenue $1.209B $1.188B
YoY Change 1.77% 6.07%
Gross Profit $2.914B $2.700B
YoY Change 7.93% -7.28%
Gross Profit Margin 70.68% 69.44%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $328.0M $343.0M
YoY Change -4.37% -45.38%
% of Gross Profit 11.26% 12.7%
Operating Expenses $2.063B $1.964B
YoY Change 5.04% -18.4%
Operating Profit $908.0M $716.0M
YoY Change 26.82% 40.94%
Interest Expense $285.0M $275.0M
YoY Change 3.64% 7.0%
% of Operating Profit 31.39% 38.41%
Other Income/Expense, Net -$287.0M -$231.0M
YoY Change 24.24% 4.05%
Pretax Income $621.0M $485.0M
YoY Change 28.04% 69.58%
Income Tax $226.0M $152.0M
% Of Pretax Income 36.39% 31.34%
Net Earnings $395.0M $333.0M
YoY Change 18.62% 52.75%
Net Earnings / Revenue 9.58% 8.56%
Basic Earnings Per Share $0.94 $0.79
Diluted Earnings Per Share $0.93 $0.79
COMMON SHARES
Basic Shares Outstanding 423.0M shares 420.0M shares
Diluted Shares Outstanding 424.0M shares 421.0M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.00M $109.0M
YoY Change -21.1% -50.9%
Cash & Equivalents $86.00M $90.00M
Short-Term Investments
Other Short-Term Assets $171.0M $173.0M
YoY Change -1.16% -33.97%
Inventory $738.0M $771.0M
Prepaid Expenses
Receivables $1.592B $1.605B
Other Receivables $180.0M $214.0M
Total Short-Term Assets $3.833B $3.785B
YoY Change 1.27% 6.35%
LONG-TERM ASSETS
Property, Plant & Equipment $36.61B $34.93B
YoY Change 4.82% 5.12%
Goodwill $6.418B $6.418B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $875.0M $894.0M
YoY Change -2.13% -3.04%
Other Assets $1.218B $1.169B
YoY Change 4.19% -31.15%
Total Long-Term Assets $9.066B $9.255B
YoY Change -2.04% -9.81%
TOTAL ASSETS
Total Short-Term Assets $3.833B $3.785B
Total Long-Term Assets $9.066B $9.255B
Total Assets $51.93B $51.22B
YoY Change 1.38% 1.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $994.0M $1.190B
YoY Change -16.47% 19.6%
Accrued Expenses $345.0M $277.0M
YoY Change 24.55% -4.15%
Deferred Revenue
YoY Change
Short-Term Debt $1.933B $1.621B
YoY Change 19.25% -52.38%
Long-Term Debt Due $1.148B $1.386B
YoY Change -17.17% -26.63%
Total Short-Term Liabilities $5.876B $5.979B
YoY Change -1.72% -24.84%
LONG-TERM LIABILITIES
Long-Term Debt $19.09B $18.53B
YoY Change 3.03% 21.19%
Other Long-Term Liabilities $1.191B $1.258B
YoY Change -5.33% -26.69%
Total Long-Term Liabilities $15.07B $14.01B
YoY Change 7.54% -3.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.876B $5.979B
Total Long-Term Liabilities $15.07B $14.01B
Total Liabilities $20.94B $19.99B
YoY Change 4.77% -11.34%
SHAREHOLDERS EQUITY
Retained Earnings $2.482B $2.592B
YoY Change -4.24% 5.88%
Common Stock $9.926B $9.836B
YoY Change 0.92% 0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.63B $12.70B
YoY Change
Total Liabilities & Shareholders Equity $52.66B $51.22B
YoY Change 2.81% 1.67%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $395.0M $333.0M
YoY Change 18.62% 52.75%
Depreciation, Depletion And Amortization $328.0M $343.0M
YoY Change -4.37% -45.38%
Cash From Operating Activities $1.327B $1.115B
YoY Change 19.01% -5.35%
INVESTING ACTIVITIES
Capital Expenditures -$543.0M -$704.0M
YoY Change -22.87% 7.15%
Acquisitions
YoY Change
Other Investing Activities -$51.00M -$17.00M
YoY Change 200.0% -64.58%
Cash From Investing Activities -$594.0M -$721.0M
YoY Change -17.61% 2.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -741.0M -361.0M
YoY Change 105.26% 12.11%
NET CHANGE
Cash From Operating Activities 1.327B 1.115B
Cash From Investing Activities -594.0M -721.0M
Cash From Financing Activities -741.0M -361.0M
Net Change In Cash -8.000M 33.00M
YoY Change -124.24% -78.15%
FREE CASH FLOW
Cash From Operating Activities $1.327B $1.115B
Capital Expenditures -$543.0M -$704.0M
Free Cash Flow $1.870B $1.819B
YoY Change 2.8% -0.87%

Facts In Submission

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ProceedsFromSaleOfProductiveAssets
20000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
134000000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
333000000 USD
us-gaap Profit Loss
ProfitLoss
605000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
395000000 USD
us-gaap Profit Loss
ProfitLoss
804000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35783000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36610000000 USD
CY2014Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
-14000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
35000000 USD
CY2015Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
-10000000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
40000000 USD
CY2014Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
55000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
173000000 USD
CY2015Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
32000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
110000000 USD
CY2014Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1411000000 USD
CY2015Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1430000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1062000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
781000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1783000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2285000000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2482000000 USD
CY2014Q3 us-gaap Revenues
Revenues
3888000000 USD
us-gaap Revenues
Revenues
11566000000 USD
CY2015Q3 us-gaap Revenues
Revenues
4123000000 USD
us-gaap Revenues
Revenues
11485000000 USD
us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
-37000000 USD
us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
-37000000 USD
CY2014Q4 us-gaap Sale Leaseback Transaction Deferred Gain Net
SaleLeasebackTransactionDeferredGainNet
824000000 USD
CY2015Q3 us-gaap Sale Leaseback Transaction Deferred Gain Net
SaleLeasebackTransactionDeferredGainNet
799000000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3888000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
11566000000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
4123000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
11485000000 USD
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1799000000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1933000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
12420000000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
12627000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12422000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12628000000 USD
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-60000000 USD
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
64000000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
10000000 USD
CY2014Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
239000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
738000000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
747000000 USD
CY2015Q3 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1237000000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
421000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
420000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
424000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423000000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
420000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
423000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
422000000 shares
CY2015Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
236000000 USD

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