2013 Q2 Form 10-Q Financial Statement

#000088209513000038 Filed on August 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $2.767B $2.405B
YoY Change 15.06% 12.54%
Cost Of Revenue $684.7M $617.3M
YoY Change 10.9% 15.64%
Gross Profit $1.973B $1.704B
YoY Change 15.79% 13.16%
Gross Profit Margin 71.29% 70.84%
Selling, General & Admin $405.0M $332.5M
YoY Change 21.8% 9.28%
% of Gross Profit 20.53% 19.51%
Research & Development $523.9M $396.2M
YoY Change 32.22% 40.31%
% of Gross Profit 26.55% 23.26%
Depreciation & Amortization $73.00M $68.00M
YoY Change 7.35% -9.33%
% of Gross Profit 3.7% 3.99%
Operating Expenses $928.9M $728.7M
YoY Change 27.46% 24.22%
Operating Profit $1.154B $1.059B
YoY Change 8.95% 4.17%
Interest Expense $78.01M $88.42M
YoY Change -11.77% 91.77%
% of Operating Profit 6.76% 8.35%
Other Income/Expense, Net -$231.0K -$1.075M
YoY Change -78.51% -108.97%
Pretax Income $1.076B $969.6M
YoY Change 10.93% -1.32%
Income Tax $308.0M $263.5M
% Of Pretax Income 28.63% 27.18%
Net Earnings $773.0M $711.6M
YoY Change 8.63% -4.65%
Net Earnings / Revenue 27.93% 29.58%
Basic Earnings Per Share $0.51 $0.47
Diluted Earnings Per Share $0.46 $0.46
COMMON SHARES
Basic Shares Outstanding 1.527B shares 1.514B shares
Diluted Shares Outstanding 1.695B shares 1.561B shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.287B $1.708B
YoY Change 33.92% -24.76%
Cash & Equivalents $2.202B $1.626B
Short-Term Investments $85.19M $82.00M
Other Short-Term Assets $176.4M $226.9M
YoY Change -22.28% -67.07%
Inventory $1.935B $1.603B
Prepaid Expenses $157.8M $83.73M
Receivables $1.896B $1.703B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.073B $5.844B
YoY Change 21.02% -6.03%
LONG-TERM ASSETS
Property, Plant & Equipment $1.136B $811.8M
YoY Change 39.94% 12.44%
Goodwill $1.188B $1.079B
YoY Change 10.12%
Intangibles $12.06B $11.75B
YoY Change 2.59%
Long-Term Investments $688.0M $564.0M
YoY Change 21.99% -82.53%
Other Assets $143.9M $171.3M
YoY Change -15.96% -56.75%
Total Long-Term Assets $15.55B $14.66B
YoY Change 6.1% 126.38%
TOTAL ASSETS
Total Short-Term Assets $7.073B $5.844B
Total Long-Term Assets $15.55B $14.66B
Total Assets $22.62B $20.50B
YoY Change 10.35% 61.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.391B $1.367B
YoY Change 1.7% 24.08%
Accrued Expenses $1.894B $624.3M
YoY Change 203.36% -44.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due -$1.488B $1.973B
YoY Change -175.44% 28082.33%
Total Short-Term Liabilities $4.937B $4.987B
YoY Change -0.99% 115.78%
LONG-TERM LIABILITIES
Long-Term Debt $5.850B $7.126B
YoY Change -17.92% 84.1%
Other Long-Term Liabilities $224.6M $155.2M
YoY Change 44.74% -48.44%
Total Long-Term Liabilities $6.074B $7.282B
YoY Change -16.58% 74.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.937B $4.987B
Total Long-Term Liabilities $6.074B $7.282B
Total Liabilities $11.01B $12.27B
YoY Change -10.25% 84.57%
SHAREHOLDERS EQUITY
Retained Earnings $5.066B $2.663B
YoY Change 90.23%
Common Stock $765.0K $756.0K
YoY Change 1.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.09B $8.002B
YoY Change
Total Liabilities & Shareholders Equity $22.62B $20.50B
YoY Change 10.35% 61.51%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $773.0M $711.6M
YoY Change 8.63% -4.65%
Depreciation, Depletion And Amortization $73.00M $68.00M
YoY Change 7.35% -9.33%
Cash From Operating Activities $953.0M $1.291B
YoY Change -26.18% 36.9%
INVESTING ACTIVITIES
Capital Expenditures -$45.00M -$38.00M
YoY Change 18.42% 40.74%
Acquisitions
YoY Change
Other Investing Activities -$11.00M -$597.0M
YoY Change -98.16% 34.76%
Cash From Investing Activities -$56.00M -$635.0M
YoY Change -91.18% 35.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -558.0M -475.0M
YoY Change 17.47% -65.38%
NET CHANGE
Cash From Operating Activities 953.0M 1.291B
Cash From Investing Activities -56.00M -635.0M
Cash From Financing Activities -558.0M -475.0M
Net Change In Cash 339.0M 181.0M
YoY Change 87.29% -120.13%
FREE CASH FLOW
Cash From Operating Activities $953.0M $1.291B
Capital Expenditures -$45.00M -$38.00M
Free Cash Flow $998.0M $1.329B
YoY Change -24.91% 37.01%

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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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us-gaap Other Sales Revenue Net
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0 USD
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gild Major Customers Percentage Of Total Revenues Minimum
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gild Repayment Of Debt Principal Due Upon Conversion
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gild Tax Benefitfrom Employee Stock Plans
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000882095
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1530626021 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Gilead Sciences Inc
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
3390000000 USD
CY2013Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
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