2013 Q1 Form 10-Q Financial Statement

#000004054513000057 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $34.94B $35.08B
YoY Change -0.39% 169.1%
Cost Of Revenue $4.449B $4.404B
YoY Change 1.02% -10.12%
Gross Profit $30.49B $5.653B
YoY Change 439.43% 7.21%
Gross Profit Margin 87.27% 16.11%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.310B $2.220B
YoY Change 4.05% -3.14%
% of Gross Profit 7.58% 39.27%
Operating Expenses $10.89B $9.930B
YoY Change 9.63% -4.36%
Operating Profit $4.874B $5.057B
YoY Change -3.62% 5.93%
Interest Expense -$221.0M -$162.0M
YoY Change 36.42% -95.73%
% of Operating Profit -4.53% -3.2%
Other Income/Expense, Net $1.615B $557.0M
YoY Change 189.95% -84.63%
Pretax Income $4.139B $3.934B
YoY Change 5.21% -47.08%
Income Tax $508.0M $665.0M
% Of Pretax Income 12.27% 16.9%
Net Earnings $3.527B $3.034B
YoY Change 16.25% -11.62%
Net Earnings / Revenue 10.09% 8.65%
Basic Earnings Per Share $0.34 $0.29
Diluted Earnings Per Share $0.34 $0.29
COMMON SHARES
Basic Shares Outstanding 10.37B shares 10.59B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.78B $83.65B
YoY Change 7.33% 1.8%
Cash & Equivalents $89.78B $83.65B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $16.28B $15.21B
Prepaid Expenses
Receivables $21.00B $19.04B
Other Receivables $0.00 $280.6B
Total Short-Term Assets $127.1B $398.5B
YoY Change -68.11% -5.86%
LONG-TERM ASSETS
Property, Plant & Equipment $68.41B $66.00B
YoY Change 3.65% -2.23%
Goodwill $72.74B $72.96B
YoY Change -0.3% 7.42%
Intangibles $11.82B $11.92B
YoY Change -0.86% 5.57%
Long-Term Investments $48.33B $47.83B
YoY Change 1.05% 6.55%
Other Assets $85.21B $110.5B
YoY Change -22.91% -2.15%
Total Long-Term Assets $543.6B $309.3B
YoY Change 75.79% 1.53%
TOTAL ASSETS
Total Short-Term Assets $127.1B $398.5B
Total Long-Term Assets $543.6B $309.3B
Total Assets $670.7B $707.7B
YoY Change -5.23% -2.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.13B $17.03B
YoY Change -5.29% 8.15%
Accrued Expenses $15.94B $15.03B
YoY Change 6.07% -9.08%
Deferred Revenue
YoY Change
Short-Term Debt $83.13B $138.7B
YoY Change -40.05% 25.66%
Long-Term Debt Due $83.13B $138.7B
YoY Change -40.05% 25.66%
Total Short-Term Liabilities $225.0B $280.0B
YoY Change -19.65% 15.83%
LONG-TERM LIABILITIES
Long-Term Debt $314.2B $304.1B
YoY Change 3.31% -14.65%
Other Long-Term Liabilities $2.421B $1.689B
YoY Change 43.34% -36.38%
Total Long-Term Liabilities $316.6B $305.8B
YoY Change 3.53% -14.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $225.0B $280.0B
Total Long-Term Liabilities $316.6B $305.8B
Total Liabilities $541.6B $586.1B
YoY Change -7.59% -2.64%
SHAREHOLDERS EQUITY
Retained Earnings $145.6B $139.0B
YoY Change 4.74% 4.52%
Common Stock $702.0M $702.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.99B $31.32B
YoY Change 14.94% -1.99%
Treasury Stock Shares
Shareholders Equity $123.7B $119.9B
YoY Change
Total Liabilities & Shareholders Equity $670.7B $707.7B
YoY Change -5.23% -2.76%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $3.527B $3.034B
YoY Change 16.25% -11.62%
Depreciation, Depletion And Amortization $2.310B $2.220B
YoY Change 4.05% -3.14%
Cash From Operating Activities $4.610B $6.466B
YoY Change -28.7% -15.98%
INVESTING ACTIVITIES
Capital Expenditures $3.644B $3.286B
YoY Change 10.89% 3.69%
Acquisitions -$6.383B $190.0M
YoY Change -3459.47% -95.82%
Other Investing Activities -$5.654B -$404.0M
YoY Change 1299.5% -89.46%
Cash From Investing Activities $31.49B $5.319B
YoY Change 491.93% -69.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$22.96B -$13.60B
YoY Change 68.81% -39.75%
NET CHANGE
Cash From Operating Activities $4.610B $6.466B
Cash From Investing Activities $31.49B $5.319B
Cash From Financing Activities -$22.96B -$13.60B
Net Change In Cash $13.14B -$1.814B
YoY Change -824.31% -175.27%
FREE CASH FLOW
Cash From Operating Activities $4.610B $6.466B
Capital Expenditures $3.644B $3.286B
Free Cash Flow $966.0M $3.180B
YoY Change -69.62% -29.75%

Facts In Submission

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PreTaxGainOnDeconsolidationOfBusinessContributedToJointVenture
274000000 USD
CY2012Q1 ge After Tax Gain On Deconsolidation Of Business Contributed To Joint Venture
AfterTaxGainOnDeconsolidationOfBusinessContributedToJointVenture
152000000 USD
CY2013Q1 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-438000000 USD
CY2012Q1 ge Percentage Ownership In Joint Venture
PercentageOwnershipInJointVenture
0.5 pure
CY2013Q1 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-524000000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23079000000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11411000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23016000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11188000000 USD
CY2012Q4 ge Total Borrowings And Bank Deposits
TotalBorrowingsAndBankDeposits
414060000000 USD
CY2013Q1 ge Total Borrowings And Bank Deposits
TotalBorrowingsAndBankDeposits
397341000000 USD
CY2013Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
5000000000 USD
CY2013Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05 pure
CY2013Q1 ge Pension Plans With Pension Assets Or Obligations In Excess Of Threshold
PensionPlansWithPensionAssetsOrObligationsInExcessOfThreshold
50000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5445000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4032000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
961000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
173000000 USD
CY2013Q1 ge Noncontrolling Interest Portion Of Accumulated Other Comprehensive Income And Other
NoncontrollingInterestPortionOfAccumulatedOtherComprehensiveIncomeAndOther
-30000000 USD
CY2012Q1 ge Noncontrolling Interest Portion Of Accumulated Other Comprehensive Income And Other
NoncontrollingInterestPortionOfAccumulatedOtherComprehensiveIncomeAndOther
6000000 USD
CY2012Q1 us-gaap Minority Interest
MinorityInterest
1721000000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5584000000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4194000000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
992000000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
166000000 USD
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-22133000000 USD
CY2013Q1 ge Net Earnings Due To Change In Noncontrolling Interest
NetEarningsDueToChangeInNoncontrollingInterest
-16000000 USD
CY2013Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
18000000 USD
CY2013Q1 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
104000000 USD
CY2012Q1 ge Net Earnings Due To Change In Noncontrolling Interest
NetEarningsDueToChangeInNoncontrollingInterest
38000000 USD
CY2012Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7000000 USD
CY2012Q1 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1696000000 USD
CY2013Q1 ge Noncontrolling Interest Impact Of Preferred Stock Issuance
NoncontrollingInterestImpactOfPreferredStockIssuance
0 USD
CY2012Q1 ge Noncontrolling Interest Impact Of Preferred Stock Issuance
NoncontrollingInterestImpactOfPreferredStockIssuance
0 USD
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
40000 shares
CY2012 ge Proceeds From Issuance Of Preferred Stock
ProceedsFromIssuanceOfPreferredStock
3960000000 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q1 ge Ordinary Course Of Business Lending Commitments
OrdinaryCourseOfBusinessLendingCommitments
3329000000 USD
CY2012Q4 ge Ordinary Course Of Business Lending Commitments
OrdinaryCourseOfBusinessLendingCommitments
3708000000 USD
CY2013Q1 ge Securities For Repurchase Agreements
SecuritiesForRepurchaseAgreements
71000000000 USD
CY2013Q1 ge Reverse Repurchase Agreements Maturities
ReverseRepurchaseAgreementsMaturities
90 pure
CY2013Q1 us-gaap Securities For Reverse Repurchase Agreements
SecuritiesForReverseRepurchaseAgreements
20900000000 USD
CY2013Q1 ge Derivative Fair Value Of Derivative Assets Net Of Master Netting Agreement
DerivativeFairValueOfDerivativeAssetsNetOfMasterNettingAgreement
1291000000 USD
CY2013Q1 ge Derivative Fair Value Of Derivative Liability Net Of Master Netting Agreement
DerivativeFairValueOfDerivativeLiabilityNetOfMasterNettingAgreement
549000000 USD
CY2012Q4 ge Derivative Fair Value Of Derivative Liability Net Of Master Netting Agreement
DerivativeFairValueOfDerivativeLiabilityNetOfMasterNettingAgreement
291000000 USD
CY2012Q4 ge Derivative Fair Value Of Derivative Assets Net Of Master Netting Agreement
DerivativeFairValueOfDerivativeAssetsNetOfMasterNettingAgreement
396000000 USD
CY2013Q1 ge Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Investing Activities
NetIncreaseDecreaseInParentCustomerReceivablesSoldToFinanceSubsidiaryThatHaveBeenEliminatedFromConsolidatedCashFromInvestingActivities
-966000000 USD
CY2013Q1 ge Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Financing Activities
NetIncreaseDecreaseInParentCustomerReceivablesSoldToFinanceSubsidiaryThatHaveBeenEliminatedFromConsolidatedCashFromFinancingActivities
-10000000 USD
CY2012Q1 ge Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Financing Activities
NetIncreaseDecreaseInParentCustomerReceivablesSoldToFinanceSubsidiaryThatHaveBeenEliminatedFromConsolidatedCashFromFinancingActivities
8000000 USD
CY2012Q1 ge Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Investing Activities
NetIncreaseDecreaseInParentCustomerReceivablesSoldToFinanceSubsidiaryThatHaveBeenEliminatedFromConsolidatedCashFromInvestingActivities
-132000000 USD

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