2013 Q4 Form 10-K Financial Statement
#000002474115000015 Filed on February 13, 2015
Income Statement
| Concept | 2013 Q4 | 2012 |
|---|---|---|
| Revenue | $1.956B | $8.012B |
| YoY Change | -8.85% | 1.55% |
| Cost Of Revenue | $1.186B | $4.693B |
| YoY Change | -12.02% | 8.79% |
| Gross Profit | $770.0M | $3.319B |
| YoY Change | -3.51% | -7.19% |
| Gross Profit Margin | 39.37% | 41.43% |
| Selling, General & Admin | $336.0M | $1.205B |
| YoY Change | -5.88% | 17.22% |
| % of Gross Profit | 43.64% | 36.31% |
| Research & Development | $169.0M | $769.0M |
| YoY Change | -22.48% | 15.12% |
| % of Gross Profit | 21.95% | 23.17% |
| Depreciation & Amortization | $249.0M | $997.0M |
| YoY Change | -6.74% | 4.18% |
| % of Gross Profit | 32.34% | 30.04% |
| Operating Expenses | $513.0M | $1.993B |
| YoY Change | -11.7% | 16.48% |
| Operating Profit | $257.0M | $1.326B |
| YoY Change | 18.43% | -28.9% |
| Interest Expense | $297.0M | $944.0M |
| YoY Change | 350.0% | -24.05% |
| % of Operating Profit | 115.56% | 71.19% |
| Other Income/Expense, Net | $86.00M | -$122.0M |
| YoY Change | 132.43% | -144.2% |
| Pretax Income | $567.0M | $1.975B |
| YoY Change | 211.54% | -38.87% |
| Income Tax | $146.0M | $339.0M |
| % Of Pretax Income | 25.75% | 17.16% |
| Net Earnings | $421.0M | $1.636B |
| YoY Change | 171.61% | -41.92% |
| Net Earnings / Revenue | 21.52% | 20.42% |
| Basic Earnings Per Share | $1.10 | |
| Diluted Earnings Per Share | $0.30 | $1.09 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.494B | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 Q4 | 2012 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $5.235B | $6.144B |
| YoY Change | -14.79% | 5.48% |
| Cash & Equivalents | $4.704B | $4.988B |
| Short-Term Investments | $531.0M | $1.156B |
| Other Short-Term Assets | $1.133B | $1.198B |
| YoY Change | -5.43% | 50.69% |
| Inventory | $1.270B | $1.051B |
| Prepaid Expenses | ||
| Receivables | $1.253B | $1.302B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $8.891B | $9.695B |
| YoY Change | -8.29% | 11.73% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $9.801B | $10.63B |
| YoY Change | -7.76% | -0.43% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $5.537B | $4.915B |
| YoY Change | 12.66% | 4.0% |
| Other Assets | $2.707B | $2.644B |
| YoY Change | 2.38% | -7.16% |
| Total Long-Term Assets | $19.59B | $19.68B |
| YoY Change | -0.47% | 2.66% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $8.891B | $9.695B |
| Total Long-Term Assets | $19.59B | $19.68B |
| Total Assets | $28.48B | $29.38B |
| YoY Change | -3.05% | 5.48% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $771.0M | $779.0M |
| YoY Change | -1.03% | -20.27% |
| Accrued Expenses | $806.0M | $806.0M |
| YoY Change | 0.0% | 116.09% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $21.00M | $76.00M |
| YoY Change | -72.37% | 181.48% |
| Total Short-Term Liabilities | $1.746B | $1.956B |
| YoY Change | -10.74% | -6.72% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.272B | $3.382B |
| YoY Change | -3.25% | 43.06% |
| Other Long-Term Liabilities | $2.249B | $2.504B |
| YoY Change | -10.18% | 10.89% |
| Total Long-Term Liabilities | $5.521B | $5.886B |
| YoY Change | -6.2% | 27.35% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.746B | $1.956B |
| Total Long-Term Liabilities | $5.521B | $5.886B |
| Total Liabilities | $7.316B | $7.889B |
| YoY Change | -7.26% | 16.53% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $21.16B | $21.49B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $28.48B | $29.38B |
| YoY Change | -3.05% | 5.48% |
Cashflow Statement
| Concept | 2013 Q4 | 2012 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $421.0M | $1.636B |
| YoY Change | 171.61% | -41.92% |
| Depreciation, Depletion And Amortization | $249.0M | $997.0M |
| YoY Change | -6.74% | 4.18% |
| Cash From Operating Activities | $1.284B | $3.206B |
| YoY Change | 3.55% | 0.53% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$337.0M | -$1.801B |
| YoY Change | -35.93% | -25.95% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$92.00M | -$827.0M |
| YoY Change | -80.87% | -319.95% |
| Cash From Investing Activities | -$429.0M | -$2.628B |
| YoY Change | -57.4% | 27.82% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -716.0M | -115.0M |
| YoY Change | 242.58% | -88.27% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.284B | 3.206B |
| Cash From Investing Activities | -429.0M | -2.628B |
| Cash From Financing Activities | -716.0M | -115.0M |
| Net Change In Cash | 139.0M | 463.0M |
| YoY Change | 479.17% | 202.61% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.284B | $3.206B |
| Capital Expenditures | -$337.0M | -$1.801B |
| Free Cash Flow | $1.621B | $5.007B |
| YoY Change | -8.21% | -10.92% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
9715000000 | USD |
| CY2013 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
7819000000 | USD |
| CY2012 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
8012000000 | USD |
| CY2013Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
| CY2014 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
400000000 | USD |
| CY2014 | us-gaap |
Interest Paid
InterestPaid
|
171000000 | USD |
| CY2013 | us-gaap |
Interest Paid
InterestPaid
|
182000000 | USD |
| CY2012 | us-gaap |
Interest Paid
InterestPaid
|
178000000 | USD |
| CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
38000000 | USD |
| CY2014 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
|
4000000 | USD |
| CY2013 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
|
8000000 | USD |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.049 | pure |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
0.017 | pure |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.011 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.079 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.020 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
0.004 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
0.012 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.003 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.020 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.066 | pure |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.136 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.007 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.031 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.011 | pure |
| CY2013 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
32000000 | USD |
| CY2013 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
-4000000 | USD |
| CY2014 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
122000000 | USD |
| CY2014 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
60000000 | USD |
| CY2014 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
113000000 | USD |
| CY2013 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
66000000 | USD |
| CY2012 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
196000000 | USD |
| CY2014 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-269000000 | USD |
| CY2013 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-207000000 | USD |
| CY2012 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-82000000 | USD |
| CY2014 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-118000000 | USD |
| CY2013 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-157000000 | USD |
| CY2012 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-53000000 | USD |
| CY2014Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
7402000000 | USD |
| CY2013Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
6349000000 | USD |
| CY2012Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
7300000000 | USD |
| CY2014Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1490000000 | USD |
| CY2013Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1595000000 | USD |
| CY2012Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1340000000 | USD |
| CY2014Q4 | glw |
Property Net
PropertyNet
|
1657000000 | USD |
| CY2013Q4 | glw |
Property Net
PropertyNet
|
1594000000 | USD |
| CY2012Q4 | glw |
Property Net
PropertyNet
|
1494000000 | USD |
| CY2014Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
5258000000 | USD |
| CY2013Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
4249000000 | USD |
| CY2012Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
4140000000 | USD |
| CY2014Q4 | glw |
Long Lived Assets
LongLivedAssets
|
17888000000 | USD |
| CY2013Q4 | glw |
Long Lived Assets
LongLivedAssets
|
17318000000 | USD |
| CY2012Q4 | glw |
Long Lived Assets
LongLivedAssets
|
17296000000 | USD |
