2014 Q1 Form 10-Q Financial Statement

#000004055414000061 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $33.55B $34.94B
YoY Change -3.99% -0.39%
Cost Of Revenue $4.809B $4.449B
YoY Change 8.09% 1.02%
Gross Profit $28.74B $30.49B
YoY Change -5.76% 439.43%
Gross Profit Margin 85.67% 87.27%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.189B $2.310B
YoY Change -5.24% 4.05%
% of Gross Profit 7.62% 7.58%
Operating Expenses $7.660B $10.89B
YoY Change -29.63% 9.63%
Operating Profit $5.212B $4.874B
YoY Change 6.93% -3.62%
Interest Expense -$252.0M -$221.0M
YoY Change 14.03% 36.42%
% of Operating Profit -4.83% -4.53%
Other Income/Expense, Net $196.0M $1.615B
YoY Change -87.86% 189.95%
Pretax Income $3.319B $4.139B
YoY Change -19.81% 5.21%
Income Tax $619.0M $508.0M
% Of Pretax Income 18.65% 12.27%
Net Earnings $2.999B $3.527B
YoY Change -14.97% 16.25%
Net Earnings / Revenue 8.94% 10.09%
Basic Earnings Per Share $0.30 $0.34
Diluted Earnings Per Share $0.30 $0.34
COMMON SHARES
Basic Shares Outstanding 10.05B shares 10.37B shares
Diluted Shares Outstanding 10.12B shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.98B $89.78B
YoY Change -3.12% 7.33%
Cash & Equivalents $86.98B $89.78B
Short-Term Investments
Other Short-Term Assets $70.50B
YoY Change
Inventory $18.88B $16.28B
Prepaid Expenses
Receivables $20.98B $21.00B
Other Receivables $0.00 $0.00
Total Short-Term Assets $197.3B $127.1B
YoY Change 55.31% -68.11%
LONG-TERM ASSETS
Property, Plant & Equipment $67.74B $68.41B
YoY Change -0.98% 3.65%
Goodwill $79.13B $72.74B
YoY Change 8.79% -0.3%
Intangibles $14.79B $11.82B
YoY Change 25.13% -0.86%
Long-Term Investments $45.73B $48.33B
YoY Change -5.37% 1.05%
Other Assets $1.506B $85.21B
YoY Change -98.23% -22.91%
Total Long-Term Assets $454.9B $543.6B
YoY Change -16.32% 75.79%
TOTAL ASSETS
Total Short-Term Assets $197.3B $127.1B
Total Long-Term Assets $454.9B $543.6B
Total Assets $652.3B $670.7B
YoY Change -2.75% -5.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.21B $16.13B
YoY Change 6.67% -5.29%
Accrued Expenses $13.62B $15.94B
YoY Change -14.56% 6.07%
Deferred Revenue
YoY Change
Short-Term Debt $76.12B $83.13B
YoY Change -8.43% -40.05%
Long-Term Debt Due $76.12B $83.13B
YoY Change -8.43% -40.05%
Total Short-Term Liabilities $208.1B $225.0B
YoY Change -7.5% -19.65%
LONG-TERM LIABILITIES
Long-Term Debt $304.5B $314.2B
YoY Change -3.1% 3.31%
Other Long-Term Liabilities $1.268B $2.421B
YoY Change -47.62% 43.34%
Total Long-Term Liabilities $305.7B $316.6B
YoY Change -3.44% 3.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $208.1B $225.0B
Total Long-Term Liabilities $305.7B $316.6B
Total Liabilities $514.2B $541.6B
YoY Change -5.06% -7.59%
SHAREHOLDERS EQUITY
Retained Earnings $149.8B $145.6B
YoY Change 2.91% 4.74%
Common Stock $702.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $43.40B $35.99B
YoY Change 20.58% 14.94%
Treasury Stock Shares
Shareholders Equity $131.8B $123.7B
YoY Change
Total Liabilities & Shareholders Equity $652.3B $670.7B
YoY Change -2.75% -5.23%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $2.999B $3.527B
YoY Change -14.97% 16.25%
Depreciation, Depletion And Amortization $2.189B $2.310B
YoY Change -5.24% 4.05%
Cash From Operating Activities $4.961B $4.610B
YoY Change 7.61% -28.7%
INVESTING ACTIVITIES
Capital Expenditures $3.361B $3.644B
YoY Change -7.77% 10.89%
Acquisitions $1.454B -$6.383B
YoY Change -122.78% -3459.47%
Other Investing Activities -$1.850B -$5.654B
YoY Change -67.28% 1299.5%
Cash From Investing Activities $1.792B $31.49B
YoY Change -94.31% 491.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.501B -$22.96B
YoY Change -62.97% 68.81%
NET CHANGE
Cash From Operating Activities $4.961B $4.610B
Cash From Investing Activities $1.792B $31.49B
Cash From Financing Activities -$8.501B -$22.96B
Net Change In Cash -$1.748B $13.14B
YoY Change -113.3% -824.31%
FREE CASH FLOW
Cash From Operating Activities $4.961B $4.610B
Capital Expenditures $3.361B $3.644B
Free Cash Flow $1.600B $966.0M
YoY Change 65.63% -69.62%

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NetEarningsAttributableToCommonShareownersForPerShareCalculationBasic
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CY2013Q1 ge Weighted Average Number Of Employee Compensation Related Diluted Shares Including Stock Options And Warrants
WeightedAverageNumberOfEmployeeCompensationRelatedDilutedSharesIncludingStockOptionsAndWarrants
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WeightedAverageNumberOfEmployeeCompensationRelatedBasicSharesIncludingStockOptionsAndWarrants
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WeightedAverageNumberOfEmployeeCompensationRelatedDilutedSharesIncludingStockOptionsAndWarrants
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12000000 USD
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CY2013Q1 us-gaap Weighted Average Number Of Shares Issued Basic
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WeightedAverageNumberOfSharesIssuedBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2014Q1 ge Ordinary Course Of Business Lending Commitments
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CY2014Q1 us-gaap Securities For Reverse Repurchase Agreements
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CY2013Q4 ge Derivative Fair Value Of Derivative Liability Net Of Master Netting Agreement
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731000000 USD
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