2014 Q1 Form 10-Q Financial Statement

#000004053314000010 Filed on April 23, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $7.265B $7.404B
YoY Change -1.88%
Cost Of Revenue $5.900B $6.050B
YoY Change -2.48%
Gross Profit $1.365B $1.354B
YoY Change 0.81%
Gross Profit Margin 18.79% 18.29%
Selling, General & Admin $491.0M $495.0M
YoY Change -0.81%
% of Gross Profit 35.97% 36.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $95.00M $95.00M
YoY Change 0.0%
% of Gross Profit 6.96% 7.02%
Operating Expenses $491.0M $495.0M
YoY Change -0.81%
Operating Profit $874.0M $847.0M
YoY Change 3.19%
Interest Expense -$22.00M $23.00M
YoY Change -195.65%
% of Operating Profit -2.52% 2.72%
Other Income/Expense, Net $1.000M $0.00
YoY Change
Pretax Income $853.0M $824.0M
YoY Change 3.52%
Income Tax $257.0M $253.0M
% Of Pretax Income 30.13% 30.7%
Net Earnings $595.0M $571.0M
YoY Change 4.2%
Net Earnings / Revenue 8.19% 7.71%
Basic Earnings Per Share $1.74 $1.62
Diluted Earnings Per Share $1.71 $1.62
COMMON SHARES
Basic Shares Outstanding 342.2M shares 351.9M shares
Diluted Shares Outstanding 347.2M shares 353.5M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.296B $3.745B
YoY Change 14.71%
Cash & Equivalents $4.296B $3.745B
Short-Term Investments
Other Short-Term Assets $516.0M $408.0M
YoY Change 26.47%
Inventory $2.977B $2.863B
Prepaid Expenses
Receivables $4.286B $4.261B
Other Receivables $0.00 $0.00
Total Short-Term Assets $16.96B $16.35B
YoY Change 3.76%
LONG-TERM ASSETS
Property, Plant & Equipment $3.408B $3.374B
YoY Change 1.01%
Goodwill $11.95B $11.93B
YoY Change 0.1%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $880.0M $1.641B
YoY Change -46.37%
Total Long-Term Assets $17.42B $18.26B
YoY Change -4.61%
TOTAL ASSETS
Total Short-Term Assets $16.96B $16.35B
Total Long-Term Assets $17.42B $18.26B
Total Assets $34.38B $34.61B
YoY Change -0.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.215B $2.503B
YoY Change -11.51%
Accrued Expenses $1.098B $1.222B
YoY Change -10.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $502.0M
YoY Change
Total Short-Term Liabilities $12.62B $11.77B
YoY Change 7.26%
LONG-TERM LIABILITIES
Long-Term Debt $3.409B $3.909B
YoY Change -12.79%
Other Long-Term Liabilities $4.660B $7.349B
YoY Change -36.59%
Total Long-Term Liabilities $8.069B $11.26B
YoY Change -28.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.62B $11.77B
Total Long-Term Liabilities $8.069B $11.26B
Total Liabilities $20.69B $23.03B
YoY Change -10.14%
SHAREHOLDERS EQUITY
Retained Earnings $19.81B $18.23B
YoY Change 8.64%
Common Stock $482.0M $482.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.723B $6.201B
YoY Change 24.54%
Treasury Stock Shares
Shareholders Equity $13.69B $11.58B
YoY Change
Total Liabilities & Shareholders Equity $34.38B $34.61B
YoY Change -0.66%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $595.0M $571.0M
YoY Change 4.2%
Depreciation, Depletion And Amortization $95.00M $95.00M
YoY Change 0.0%
Cash From Operating Activities $422.0M $504.0M
YoY Change -16.27%
INVESTING ACTIVITIES
Capital Expenditures $87.00M $75.00M
YoY Change 16.0%
Acquisitions $75.00M
YoY Change
Other Investing Activities -$10.00M -$2.000M
YoY Change 400.0%
Cash From Investing Activities -$77.00M -$76.00M
YoY Change 1.32%
FINANCING ACTIVITIES
Cash Dividend Paid $198.0M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $3.400B $0.00
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$1.347B $24.00M
YoY Change -5712.5%
NET CHANGE
Cash From Operating Activities $422.0M $504.0M
Cash From Investing Activities -$77.00M -$76.00M
Cash From Financing Activities -$1.347B $24.00M
Net Change In Cash -$1.002B $452.0M
YoY Change -321.68%
FREE CASH FLOW
Cash From Operating Activities $422.0M $504.0M
Capital Expenditures $87.00M $75.00M
Free Cash Flow $335.0M $429.0M
YoY Change -21.91%

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Files In Submission

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