2014 Q4 Form 10-K Financial Statement
#000002474116000077 Filed on February 12, 2016
Income Statement
| Concept | 2014 Q4 | 2013 |
|---|---|---|
| Revenue | $2.404B | $7.819B |
| YoY Change | 22.9% | -2.41% |
| Cost Of Revenue | $1.408B | $4.495B |
| YoY Change | 18.72% | -4.22% |
| Gross Profit | $996.0M | $3.324B |
| YoY Change | 29.35% | 0.15% |
| Gross Profit Margin | 41.43% | 42.51% |
| Selling, General & Admin | $242.0M | $1.126B |
| YoY Change | -27.98% | -6.56% |
| % of Gross Profit | 24.3% | 33.87% |
| Research & Development | $210.0M | $710.0M |
| YoY Change | 24.26% | -7.67% |
| % of Gross Profit | 21.08% | 21.36% |
| Depreciation & Amortization | $298.0M | $1.002B |
| YoY Change | 19.68% | 0.5% |
| % of Gross Profit | 29.92% | 30.14% |
| Operating Expenses | $460.0M | $1.867B |
| YoY Change | -10.33% | -6.32% |
| Operating Profit | $536.0M | $1.457B |
| YoY Change | 108.56% | 9.88% |
| Interest Expense | $1.541B | $1.557B |
| YoY Change | 418.86% | 64.94% |
| % of Operating Profit | 287.5% | 106.86% |
| Other Income/Expense, Net | -$740.0M | -$455.0M |
| YoY Change | -960.47% | 272.95% |
| Pretax Income | $1.337B | $2.473B |
| YoY Change | 135.8% | 25.22% |
| Income Tax | $349.0M | $512.0M |
| % Of Pretax Income | 26.1% | 20.7% |
| Net Earnings | $988.0M | $1.961B |
| YoY Change | 134.68% | 19.87% |
| Net Earnings / Revenue | 41.1% | 25.08% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $0.70 | $1.341M |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q4 | 2013 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $6.068B | $5.235B |
| YoY Change | 15.91% | -14.79% |
| Cash & Equivalents | $5.309B | $4.704B |
| Short-Term Investments | $759.0M | $531.0M |
| Other Short-Term Assets | $1.347B | $1.133B |
| YoY Change | 18.89% | -5.43% |
| Inventory | $1.322B | $1.270B |
| Prepaid Expenses | ||
| Receivables | $1.501B | $1.253B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $10.24B | $8.891B |
| YoY Change | 15.15% | -8.29% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $12.77B | $9.801B |
| YoY Change | 30.25% | -7.76% |
| Goodwill | $1.150B | |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $1.801B | $5.537B |
| YoY Change | -67.47% | 12.66% |
| Other Assets | $3.611B | $2.707B |
| YoY Change | 33.39% | 2.38% |
| Total Long-Term Assets | $19.83B | $19.59B |
| YoY Change | 1.22% | -0.47% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $10.24B | $8.891B |
| Total Long-Term Assets | $19.83B | $19.59B |
| Total Assets | $30.06B | $28.48B |
| YoY Change | 5.57% | -3.05% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $997.0M | $771.0M |
| YoY Change | 29.31% | -1.03% |
| Accrued Expenses | $1.147B | $806.0M |
| YoY Change | 42.31% | 0.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $36.00M | $21.00M |
| YoY Change | 71.43% | -72.37% |
| Total Short-Term Liabilities | $2.324B | $1.746B |
| YoY Change | 33.1% | -10.74% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.227B | $3.272B |
| YoY Change | -1.38% | -3.25% |
| Other Long-Term Liabilities | $2.860B | $2.249B |
| YoY Change | 27.17% | -10.18% |
| Total Long-Term Liabilities | $6.087B | $5.521B |
| YoY Change | 10.25% | -6.2% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.324B | $1.746B |
| Total Long-Term Liabilities | $6.087B | $5.521B |
| Total Liabilities | $8.484B | $7.316B |
| YoY Change | 15.97% | -7.26% |
| 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 | $21.58B | $21.16B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $30.06B | $28.48B |
| YoY Change | 5.57% | -3.05% |
Cashflow Statement
| Concept | 2014 Q4 | 2013 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $988.0M | $1.961B |
| YoY Change | 134.68% | 19.87% |
| Depreciation, Depletion And Amortization | $298.0M | $1.002B |
| YoY Change | 19.68% | 0.5% |
| Cash From Operating Activities | $1.112B | $2.787B |
| YoY Change | -13.4% | -13.07% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$336.0M | -$1.019B |
| YoY Change | -0.3% | -43.42% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $127.0M | $15.00M |
| YoY Change | -238.04% | -101.81% |
| Cash From Investing Activities | -$209.0M | -$1.004B |
| YoY Change | -51.28% | -61.8% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -740.0M | -2.063B |
| YoY Change | 3.35% | 1693.91% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.112B | 2.787B |
| Cash From Investing Activities | -209.0M | -1.004B |
| Cash From Financing Activities | -740.0M | -2.063B |
| Net Change In Cash | 163.0M | -280.0M |
| YoY Change | 17.27% | -160.48% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.112B | $2.787B |
| Capital Expenditures | -$336.0M | -$1.019B |
| Free Cash Flow | $1.448B | $3.806B |
| YoY Change | -10.67% | -23.99% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
9111000000 | USD |
| CY2014 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
9715000000 | USD |
| CY2013 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
7819000000 | USD |
| CY2014Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
| CY2015 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.36 | |
| CY2014 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.52 | |
| CY2013 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.39 | |
| CY2014 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
400000000 | USD |
| CY2015 | us-gaap |
Interest Paid
InterestPaid
|
178000000 | USD |
| CY2014 | us-gaap |
Interest Paid
InterestPaid
|
171000000 | USD |
| CY2013 | us-gaap |
Interest Paid
InterestPaid
|
182000000 | USD |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.049 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
0.005 | 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 |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.017 | 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 |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.198 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.081 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
|
0.043 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.054 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.020 | pure |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.066 | pure |
| CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.042 | pure |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.008 | 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 |
| CY2014 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
122000000 | USD |
| CY2014 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
60000000 | USD |
| CY2015 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
307000000 | USD |
| CY2015 | us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
-29000000 | USD |
| CY2015Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
8251000000 | USD |
| CY2015Q4 | glw |
Guarantor And Contractual Obligations
GuarantorAndContractualObligations
|
8435000000 | USD |
| CY2015 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
111000000 | USD |
| CY2014 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
113000000 | USD |
| CY2013 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
66000000 | USD |
| CY2015 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-291000000 | 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 |
| CY2015Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
5488000000 | USD |
| CY2014Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
7402000000 | USD |
| CY2013Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
6349000000 | USD |
| CY2015Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1638000000 | USD |
| CY2014Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1490000000 | USD |
| CY2013Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1595000000 | USD |
| CY2015Q4 | glw |
Property Net
PropertyNet
|
1692000000 | USD |
| CY2014Q4 | glw |
Property Net
PropertyNet
|
1657000000 | USD |
| CY2013Q4 | glw |
Property Net
PropertyNet
|
1594000000 | USD |
| CY2015Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
5655000000 | USD |
| CY2014Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
5258000000 | USD |
| CY2013Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
4249000000 | USD |
| CY2015Q4 | glw |
Long Lived Assets
LongLivedAssets
|
18189000000 | USD |
| CY2014Q4 | glw |
Long Lived Assets
LongLivedAssets
|
17888000000 | USD |
| CY2013Q4 | glw |
Long Lived Assets
LongLivedAssets
|
17318000000 | USD |
