2015 Q1 Form 10-Q Financial Statement

#000146785815000122 Filed on April 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $35.71B $37.41B
YoY Change -4.53% 1.42%
Cost Of Revenue $30.67B $34.13B
YoY Change -10.12% 4.63%
Gross Profit $5.038B $3.281B
YoY Change 53.55% -23.11%
Gross Profit Margin 14.11% 8.77%
Selling, General & Admin $3.117B $2.941B
YoY Change 5.98% -0.37%
% of Gross Profit 61.87% 89.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.538B $1.400B
YoY Change 9.86%
% of Gross Profit 30.53% 42.67%
Operating Expenses $3.117B $2.941B
YoY Change 5.98% -0.37%
Operating Profit $753.0M -$535.0M
YoY Change -240.75% -155.79%
Interest Expense $684.0M $103.0M
YoY Change 564.08% 13.19%
% of Operating Profit 90.84%
Other Income/Expense, Net $241.0M $89.00M
YoY Change 170.79% -47.95%
Pretax Income $1.437B $56.00M
YoY Change 2466.07% -96.49%
Income Tax $529.0M -$224.0M
% Of Pretax Income 36.81% -400.0%
Net Earnings $945.0M $213.0M
YoY Change 343.66% -81.87%
Net Earnings / Revenue 2.65% 0.57%
Basic Earnings Per Share $0.58 $0.08
Diluted Earnings Per Share $0.56 $0.06
COMMON SHARES
Basic Shares Outstanding 1.617B shares 1.587B shares
Diluted Shares Outstanding 1.686B shares 1.691B shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.19B $28.14B
YoY Change -14.06% 3.45%
Cash & Equivalents $15.78B $19.43B
Short-Term Investments $8.409B $8.716B
Other Short-Term Assets $1.618B $1.747B
YoY Change -7.38% 13.22%
Inventory $14.05B $14.84B
Prepaid Expenses
Receivables $11.57B $11.73B
Other Receivables $16.13B $15.06B
Total Short-Term Assets $83.23B $86.83B
YoY Change -4.14% 19.64%
LONG-TERM ASSETS
Property, Plant & Equipment $27.76B $26.37B
YoY Change 5.26% 5.92%
Goodwill $1.563B
YoY Change -20.58%
Intangibles $5.442B
YoY Change -22.22%
Long-Term Investments $9.756B $8.747B
YoY Change 11.54% 17.1%
Other Assets $2.353B $2.324B
YoY Change 1.25% -2.23%
Total Long-Term Assets $96.69B $86.78B
YoY Change 11.41% 6.87%
TOTAL ASSETS
Total Short-Term Assets $83.23B $86.83B
Total Long-Term Assets $96.69B $86.78B
Total Assets $179.6B $173.6B
YoY Change 3.45% 12.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.19B $27.72B
YoY Change -9.12% 2.21%
Accrued Expenses $27.80B $26.66B
YoY Change 4.3% 18.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $14.35B $14.85B
YoY Change -3.35% 184.68%
Total Short-Term Liabilities $67.34B $69.22B
YoY Change -2.72% 22.43%
LONG-TERM LIABILITIES
Long-Term Debt $33.91B $22.92B
YoY Change 47.95% 100.12%
Other Long-Term Liabilities $13.55B $13.64B
YoY Change -0.66% 1.59%
Total Long-Term Liabilities $75.75B $61.54B
YoY Change 23.09% 4.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.34B $69.22B
Total Long-Term Liabilities $75.75B $61.54B
Total Liabilities $143.1B $130.8B
YoY Change 9.43% 13.28%
SHAREHOLDERS EQUITY
Retained Earnings $14.83B $13.46B
YoY Change 10.17% 22.15%
Common Stock $16.00M $16.00M
YoY Change 0.0% 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $36.33B $42.22B
YoY Change
Total Liabilities & Shareholders Equity $179.9B $173.6B
YoY Change 3.64% 12.9%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $945.0M $213.0M
YoY Change 343.66% -81.87%
Depreciation, Depletion And Amortization $1.538B $1.400B
YoY Change 9.86%
Cash From Operating Activities $375.0M $1.976B
YoY Change -81.02% 141.27%
INVESTING ACTIVITIES
Capital Expenditures $1.684B $1.759B
YoY Change -4.26% -9.33%
Acquisitions $1.051B
YoY Change
Other Investing Activities -$43.00M -$8.000M
YoY Change 437.5% -89.61%
Cash From Investing Activities -$5.468B -$2.837B
YoY Change 92.74% 456.27%
FINANCING ACTIVITIES
Cash Dividend Paid $488.0M $571.0M
YoY Change -14.54% 161.93%
Common Stock Issuance & Retirement, Net $300.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.359B 718.0M
YoY Change 228.55% -66.87%
NET CHANGE
Cash From Operating Activities 375.0M 1.976B
Cash From Investing Activities -5.468B -2.837B
Cash From Financing Activities 2.359B 718.0M
Net Change In Cash -2.734B -143.0M
YoY Change 1811.89% -105.78%
FREE CASH FLOW
Cash From Operating Activities $375.0M $1.976B
Capital Expenditures $1.684B $1.759B
Free Cash Flow -$1.309B $217.0M
YoY Change -703.23% -119.36%

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