2016 Q2 Form 10-Q Financial Statement

#000004053316000065 Filed on April 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $7.476B $7.784B
YoY Change -3.96% 4.15%
Cost Of Revenue $6.091B $6.254B
YoY Change -2.61% 3.56%
Gross Profit $1.385B $1.530B
YoY Change -9.48% 6.62%
Gross Profit Margin 18.53% 19.66%
Selling, General & Admin $461.0M $503.0M
YoY Change -8.35% 3.5%
% of Gross Profit 33.29% 32.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.00M $94.00M
YoY Change -5.32% -25.98%
% of Gross Profit 6.43% 6.14%
Operating Expenses $461.0M $503.0M
YoY Change -8.35% 3.5%
Operating Profit $924.0M $1.027B
YoY Change -10.03% 8.22%
Interest Expense -$22.00M -$21.00M
YoY Change 4.76% -12.5%
% of Operating Profit -2.38% -2.04%
Other Income/Expense, Net $10.00M $3.000M
YoY Change 233.33%
Pretax Income $912.0M $1.009B
YoY Change -9.61% 9.08%
Income Tax $258.0M $293.0M
% Of Pretax Income 28.29% 29.04%
Net Earnings $641.0M $716.0M
YoY Change -10.47% 32.35%
Net Earnings / Revenue 8.57% 9.2%
Basic Earnings Per Share $2.08 $2.18
Diluted Earnings Per Share $2.04 $2.14
COMMON SHARES
Basic Shares Outstanding 307.9M shares 329.2M shares
Diluted Shares Outstanding 313.5M shares 334.7M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.907B $4.412B
YoY Change -56.78% 14.87%
Cash & Equivalents $1.907B $4.412B
Short-Term Investments
Other Short-Term Assets $418.0M $438.0M
YoY Change -4.57% -43.56%
Inventory $3.504B $3.397B
Prepaid Expenses
Receivables $3.654B $3.661B
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.19B $16.35B
YoY Change -13.23% -4.84%
LONG-TERM ASSETS
Property, Plant & Equipment $3.477B $3.323B
YoY Change 4.63% -0.12%
Goodwill $11.60B $11.70B
YoY Change -0.89% -1.91%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.683B $2.118B
YoY Change -20.54% 132.24%
Total Long-Term Assets $17.51B $18.03B
YoY Change -2.88% 5.15%
TOTAL ASSETS
Total Short-Term Assets $14.19B $16.35B
Total Long-Term Assets $17.51B $18.03B
Total Assets $31.70B $34.39B
YoY Change -7.8% 0.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.150B $2.266B
YoY Change -5.12% -8.85%
Accrued Expenses $1.018B
YoY Change -13.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $501.0M $1.000M
YoY Change 50000.0% -99.8%
Total Short-Term Liabilities $12.42B $13.11B
YoY Change -5.25% -0.83%
LONG-TERM LIABILITIES
Long-Term Debt $2.899B $3.410B
YoY Change -14.99% 0.03%
Other Long-Term Liabilities $5.798B $6.343B
YoY Change -8.59% 38.43%
Total Long-Term Liabilities $8.697B $9.753B
YoY Change -10.83% 22.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.42B $13.11B
Total Long-Term Liabilities $8.697B $9.753B
Total Liabilities $21.12B $22.87B
YoY Change -7.63% 7.79%
SHAREHOLDERS EQUITY
Retained Earnings $23.69B $21.62B
YoY Change 9.59% 7.31%
Common Stock $482.0M $482.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.39B $9.949B
YoY Change 34.55% 12.85%
Treasury Stock Shares
Shareholders Equity $10.19B $11.52B
YoY Change
Total Liabilities & Shareholders Equity $31.70B $34.39B
YoY Change -7.8% 0.15%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $641.0M $716.0M
YoY Change -10.47% 32.35%
Depreciation, Depletion And Amortization $89.00M $94.00M
YoY Change -5.32% -25.98%
Cash From Operating Activities $439.0M $745.0M
YoY Change -41.07% -17.13%
INVESTING ACTIVITIES
Capital Expenditures $65.00M $98.00M
YoY Change -33.67% -230.67%
Acquisitions
YoY Change
Other Investing Activities $53.00M -$94.00M
YoY Change -156.38% -1442.86%
Cash From Investing Activities -$118.0M $496.0M
YoY Change -123.79% -829.41%
FINANCING ACTIVITIES
Cash Dividend Paid $215.0M $206.0M
YoY Change 4.37% -3.29%
Common Stock Issuance & Retirement, Net $1.026B $620.0M
YoY Change 65.48%
Debt Paid & Issued, Net $0.00 $500.0M
YoY Change -100.0%
Cash From Financing Activities -$1.193B -$1.209B
YoY Change -1.32% -5.99%
NET CHANGE
Cash From Operating Activities $439.0M $745.0M
Cash From Investing Activities -$118.0M $496.0M
Cash From Financing Activities -$1.193B -$1.209B
Net Change In Cash -$872.0M $32.00M
YoY Change -2825.0% -107.03%
FREE CASH FLOW
Cash From Operating Activities $439.0M $745.0M
Capital Expenditures $65.00M $98.00M
Free Cash Flow $374.0M $647.0M
YoY Change -42.19% -33.57%

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