2016 Q2 Form 10-K Financial Statement

#000084939916000022 Filed on May 20, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2 2015
Revenue $873.0M $899.0M $3.956B
YoY Change -2.89% -5.43%
Cost Of Revenue $147.0M $176.0M $727.0M
YoY Change -16.48% -8.09%
Gross Profit $726.0M $723.0M $3.229B
YoY Change 0.41% -4.81%
Gross Profit Margin 83.16% 80.42% 81.62%
Selling, General & Admin $385.0M $471.0M $2.012B
YoY Change -18.26% -7.96%
% of Gross Profit 53.03% 65.15% 62.31%
Research & Development $177.0M $208.0M $812.0M
YoY Change -14.9% 12.47%
% of Gross Profit 24.38% 28.77% 25.15%
Depreciation & Amortization $75.00M $174.0M $355.0M
YoY Change -56.9% 50.42%
% of Gross Profit 10.33% 24.07% 10.99%
Operating Expenses $578.0M $700.0M $3.075B
YoY Change -17.43% -5.33%
Operating Profit $148.0M $23.00M $154.0M
YoY Change 543.48% 6.94%
Interest Expense -$15.00M -$17.00M -$67.00M
YoY Change -11.76% -6.94%
% of Operating Profit -10.14% -73.91% -43.51%
Other Income/Expense, Net $3.000M $8.000M $14.00M
YoY Change -62.5% -61.11%
Pretax Income $116.0M -$58.00M $101.0M
YoY Change -300.0% -5.61%
Income Tax $1.129B -$113.0M -$8.000M
% Of Pretax Income 973.28% -7.92%
Net Earnings $2.045B $176.0M $878.0M
YoY Change 1061.93% -2.23%
Net Earnings / Revenue 234.25% 19.58% 22.19%
Basic Earnings Per Share $1.27
Diluted Earnings Per Share $3.151M $256.6K $1.26
COMMON SHARES
Basic Shares Outstanding 612.3M shares 680.7M shares 689.0M shares
Diluted Shares Outstanding 696.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.025B $3.860B $3.860B
YoY Change 56.09% -5.48%
Cash & Equivalents $5.983B $2.843B $2.843B
Short-Term Investments $42.00M $1.017B $1.017B
Other Short-Term Assets $420.0M $295.0M $862.0M
YoY Change 42.37% 57.59%
Inventory
Prepaid Expenses
Receivables $556.0M $700.0M $700.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.959B $5.422B $5.422B
YoY Change 28.35% -4.07%
LONG-TERM ASSETS
Property, Plant & Equipment $957.0M $950.0M $950.0M
YoY Change 0.74% -14.87%
Goodwill $3.148B $3.146B
YoY Change 0.06%
Intangibles $443.0M $525.0M
YoY Change -15.62%
Long-Term Investments $157.0M $10.00M
YoY Change 1470.0%
Other Assets $103.0M $70.00M $3.190B
YoY Change 47.14% 2100.0%
Total Long-Term Assets $4.808B $7.811B $7.811B
YoY Change -38.45% -0.96%
TOTAL ASSETS
Total Short-Term Assets $6.959B $5.422B $5.422B
Total Long-Term Assets $4.808B $7.811B $7.811B
Total Assets $11.77B $13.23B $13.23B
YoY Change -11.08% -2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.0M $169.0M $169.0M
YoY Change 3.55% -40.07%
Accrued Expenses $219.0M $232.0M $232.0M
YoY Change -5.6% -36.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $350.0M $350.0M
YoY Change -100.0%
Total Short-Term Liabilities $4.033B $4.453B $4.453B
YoY Change -9.43% 3.41%
LONG-TERM LIABILITIES
Long-Term Debt $2.207B $1.746B $1.746B
YoY Change 26.4% -16.66%
Other Long-Term Liabilities $97.00M $79.00M $791.0M
YoY Change 22.78% -13.65%
Total Long-Term Liabilities $2.304B $1.825B $2.537B
YoY Change 26.25% -15.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.033B $4.453B $4.453B
Total Long-Term Liabilities $2.304B $1.825B $2.537B
Total Liabilities $8.091B $7.298B $7.298B
YoY Change 10.87% -5.73%
SHAREHOLDERS EQUITY
Retained Earnings -$655.0M -$270.0M
YoY Change 142.59%
Common Stock $7.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.676B $5.935B $5.935B
YoY Change
Total Liabilities & Shareholders Equity $11.77B $13.23B $13.23B
YoY Change -11.08% -2.26%

Cashflow Statement

Concept 2016 Q2 2015 Q2 2015
OPERATING ACTIVITIES
Net Income $2.045B $176.0M $878.0M
YoY Change 1061.93% -2.23%
Depreciation, Depletion And Amortization $75.00M $174.0M $355.0M
YoY Change -56.9% 50.42%
Cash From Operating Activities $250.0M $488.0M $1.312B
YoY Change -48.77% 2.42%
INVESTING ACTIVITIES
Capital Expenditures -$47.00M -$132.0M $303.0M
YoY Change -64.39% 56.19%
Acquisitions $19.00M
YoY Change 11.76%
Other Investing Activities $6.546B -$19.00M $0.00
YoY Change -34552.63%
Cash From Investing Activities $6.499B -$151.0M -$1.154B
YoY Change -4403.97% 97.94%
FINANCING ACTIVITIES
Cash Dividend Paid $413.0M
YoY Change -1.2%
Common Stock Issuance & Retirement, Net $500.0M
YoY Change 0.0%
Debt Paid & Issued, Net $21.00M
YoY Change -98.23%
Cash From Financing Activities -3.233B -189.0M -$811.0M
YoY Change 1610.58% -52.63%
NET CHANGE
Cash From Operating Activities 250.0M 488.0M $1.312B
Cash From Investing Activities 6.499B -151.0M -$1.154B
Cash From Financing Activities -3.233B -189.0M -$811.0M
Net Change In Cash 3.516B 148.0M -$653.0M
YoY Change 2275.68% -35.6%
FREE CASH FLOW
Cash From Operating Activities $250.0M $488.0M $1.312B
Capital Expenditures -$47.00M -$132.0M $303.0M
Free Cash Flow $297.0M $620.0M $1.009B
YoY Change -52.1% -7.18%

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-1700000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-800000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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1281000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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1312000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
796000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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108000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
17000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1456000000 USD
CY2014 us-gaap Net Income Loss
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898000000 USD
CY2015 us-gaap Net Income Loss
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878000000 USD
CY2016 us-gaap Net Income Loss
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0 USD
CY2015 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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0 USD
CY2016 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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149000000 USD
CY2016 us-gaap Number Of Reportable Segments
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2 segment
CY2016 us-gaap Number Of Reporting Units
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2 reporting_unit
CY2014 us-gaap Operating Expenses
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3248000000 USD
CY2015 us-gaap Operating Expenses
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3075000000 USD
CY2016 us-gaap Operating Expenses
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2528000000 USD
CY2014 us-gaap Operating Income Loss
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144000000 USD
CY2015 us-gaap Operating Income Loss
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154000000 USD
CY2016 us-gaap Operating Income Loss
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457000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due
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304000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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86000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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70000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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32000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
37000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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58000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
66000000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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25000000 USD
CY2015Q2 us-gaap Other Assets Current
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295000000 USD
CY2016Q2 us-gaap Other Assets Current
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378000000 USD
CY2015Q2 us-gaap Other Assets Noncurrent
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70000000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
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103000000 USD
CY2014 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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-13000000 USD
CY2015 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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0 USD
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
4000000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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1000000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-89000000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-6000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-90000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-5000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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-4000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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1000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-1000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-90000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
14000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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-10000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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4000000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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1000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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2000000 USD
CY2015Q2 us-gaap Other Liabilities Current
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CY2016Q2 us-gaap Other Liabilities Current
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CY2015Q2 us-gaap Other Liabilities Noncurrent
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79000000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
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97000000 USD
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-7000000 USD
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-8000000 USD
CY2016 us-gaap Other Noncash Income Expense
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-13000000 USD
CY2014 us-gaap Other Nonoperating Income Expense
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36000000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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14000000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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0 USD
us-gaap Payments For Repurchase Of Common Stock
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1500000000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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500000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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500000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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1868000000 USD
CY2016 us-gaap Payments For Restructuring
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323000000 USD
CY2014 us-gaap Payments Of Dividends
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418000000 USD
CY2015 us-gaap Payments Of Dividends
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413000000 USD
CY2016 us-gaap Payments Of Dividends
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3030000000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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33000000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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36000000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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39000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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17000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19000000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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194000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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303000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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272000000 USD
CY2014 us-gaap Payments To Acquire Short Term Investments
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492000000 USD
CY2015 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1758000000 USD
CY2016 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
378000000 USD
CY2014 us-gaap Proceeds From Convertible Debt
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0 USD
CY2015 us-gaap Proceeds From Convertible Debt
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0 USD
CY2016 us-gaap Proceeds From Convertible Debt
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500000000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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6535000000 USD
CY2014 us-gaap Proceeds From Hedge Financing Activities
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189000000 USD
CY2015 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
0 USD
CY2016 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
0 USD
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
117000000 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
681000000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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1056000000 USD
CY2014 us-gaap Proceeds From Other Short Term Debt
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0 USD
CY2015 us-gaap Proceeds From Other Short Term Debt
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44000000 USD
CY2016 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
CY2014 us-gaap Proceeds From Sale Of Short Term Investments
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69000000 USD
CY2015 us-gaap Proceeds From Sale Of Short Term Investments
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343000000 USD
CY2016 us-gaap Proceeds From Sale Of Short Term Investments
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299000000 USD
CY2014 us-gaap Proceeds From Stock Plans
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234000000 USD
CY2015 us-gaap Proceeds From Stock Plans
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116000000 USD
CY2016 us-gaap Proceeds From Stock Plans
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65000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
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1837000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
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1962000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
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950000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
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957000000 USD
CY2016Q2 us-gaap Purchase Obligation
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329000000 USD
CY2016Q2 us-gaap Purchase Obligation Due In Next Twelve Months
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256000000 USD
CY2015Q2 us-gaap Stockholders Equity
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CY2016Q2 us-gaap Stockholders Equity
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3676000000 USD
CY2016Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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3800000000 USD
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412000000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
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282000000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
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193000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
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197000000 USD
CY2016Q2 us-gaap Purchase Obligation Due In Second Year
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21000000 USD
CY2016Q2 us-gaap Purchase Obligation Due In Third Year
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50000000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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1189000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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21000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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368000000 USD
CY2014 us-gaap Research And Development Expense
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722000000 USD
CY2015 us-gaap Research And Development Expense
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812000000 USD
CY2016 us-gaap Research And Development Expense
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748000000 USD
CY2016 us-gaap Restructuring Charges
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266000000 USD
CY2015Q2 us-gaap Restructuring Reserve
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86000000 USD
CY2016Q2 us-gaap Restructuring Reserve
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29000000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
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-270000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
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-655000000 USD
CY2014 us-gaap Sales Revenue Net
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4183000000 USD
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3956000000 USD
CY2016 us-gaap Sales Revenue Net
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3600000000 USD
CY2014 us-gaap Selling And Marketing Expense
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1766000000 USD
CY2015 us-gaap Selling And Marketing Expense
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1650000000 USD
CY2016 us-gaap Selling And Marketing Expense
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1292000000 USD
CY2014 us-gaap Share Based Compensation
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105000000 USD
CY2015 us-gaap Share Based Compensation
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131000000 USD
CY2016 us-gaap Share Based Compensation
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161000000 USD
CY2015Q2 us-gaap Short Term Investments
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CY2016Q2 us-gaap Short Term Investments
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42000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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658000000 USD
CY2015Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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1158000000 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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790000000 USD
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
21000000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
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21000000 shares
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
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17000000 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Value
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500000000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
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500000000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
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368000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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50000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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96000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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7000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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122000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
150000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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25000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
12000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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26000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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23000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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54000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
27000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
147000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-8000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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-130000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-89000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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4000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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11000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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13000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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15000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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203000000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-10000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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696000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
670000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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696000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
689000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
670000000 shares
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A significant portion of our revenue and net income is derived from international sales and independent agents and distributors. Fluctuations of the U.S.&#160;dollar against foreign currencies, changes in local regulatory or economic conditions, piracy, or nonperformance by independent agents or distributors could adversely affect operating results.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, short-term investments, and trade accounts receivable. Our investment policy limits the amount of credit risk exposure to any one issuer and to any one country. We are exposed to credit risks in the event of default by the issuers to the extent of the amount recorded in our Consolidated Balance Sheets. The credit risk in our trade accounts receivable is substantially mitigated by our credit evaluation process, reasonably short collection terms, and the geographical dispersion of sales transactions. As of April 1, 2016, we had one distributor that accounted for </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of our total accounts receivable. We maintain reserves for potential credit losses and such losses have been within management&#8217;s expectations. </font></div></div>
CY2016 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have a 52/53-week fiscal year ending on the Friday closest to March&#160;31. Our fiscal </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and 2014 were 52-week years ended April 1, 2016 and March 28, 2014, whereas our fiscal </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> was a 53-week year ended April 3, 2015.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates are based upon historical factors, current circumstances and the experience and judgment of management. Management evaluates its assumptions and estimates on an ongoing basis and may engage outside subject matter experts to assist in its valuations. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include those related to the allocation of revenue recognized and deferred amounts, valuation of goodwill, intangible assets and long-lived assets, contingencies and litigation, and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions).</font></div></div>

Files In Submission

Name View Source Status
0000849399-16-000022-index-headers.html Edgar Link pending
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0000849399-16-000022.txt Edgar Link pending
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symc-20160401.xml Edgar Link completed
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symc-20160401_cal.xml Edgar Link unprocessable
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