2013 Q4 Form 10-K Financial Statement

#000119312514077565 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012
Revenue $2.653B $14.14B $24.09B
YoY Change -81.23% 44.8% 15.49%
Cost Of Revenue $394.0M $10.68B $1.883B
YoY Change -96.31% 45.8% -82.89%
Gross Profit $2.259B $3.458B $10.47B
YoY Change -34.67% 41.78% -0.1%
Gross Profit Margin 85.15% 24.46% 43.46%
Selling, General & Admin $791.0M $1.554B $2.778B
YoY Change -49.1% 208.33% -15.89%
% of Gross Profit 35.02% 44.94% 26.54%
Research & Development $458.0M $362.0M $1.070B
YoY Change 26.52% -15.02% -10.46%
% of Gross Profit 20.27% 10.47% 10.22%
Depreciation & Amortization $713.0M $730.0M $2.922B
YoY Change -2.33% 13.88% 23.14%
% of Gross Profit 31.56% 21.11% 27.91%
Operating Expenses $1.962B $2.702B $6.714B
YoY Change -27.39% 68.45% -2.28%
Operating Profit $297.0M $756.0M $3.754B
YoY Change -60.71% -9.46% 4.05%
Interest Expense -$97.00M -$106.0M $419.0M
YoY Change -8.49% -89.74% 9.4%
% of Operating Profit -32.66% -14.02% 11.16%
Other Income/Expense, Net $121.0M
YoY Change 278.13%
Pretax Income $291.0M $507.0M $3.426B
YoY Change -42.6% -356.06% 52.95%
Income Tax -$627.0M $229.0M $1.559B
% Of Pretax Income -215.46% 45.17% 45.5%
Net Earnings $1.925B $374.0M $2.025B
YoY Change 414.71% -385.5% 18.91%
Net Earnings / Revenue 72.56% 2.65% 8.41%
Basic Earnings Per Share $5.98
Diluted Earnings Per Share $5.564M $1.100M $5.95
COMMON SHARES
Basic Shares Outstanding 325.3M shares 341.5M shares 338.4M
Diluted Shares Outstanding 340.3M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.814B $642.0M $642.0M
YoY Change 182.55% 82.91% 82.91%
Cash & Equivalents $1.814B $642.0M $642.0M
Short-Term Investments
Other Short-Term Assets $1.209B $1.056B $2.148B
YoY Change 14.49% -32.05% 38.22%
Inventory $954.0M $1.259B $1.259B
Prepaid Expenses
Receivables $3.093B $4.057B $4.057B
Other Receivables $432.0M $281.0M $281.0M
Total Short-Term Assets $8.599B $8.387B $8.387B
YoY Change 2.53% 0.58% 0.58%
LONG-TERM ASSETS
Property, Plant & Equipment $28.77B $28.81B $28.81B
YoY Change -0.12% 16.57% 16.57%
Goodwill $1.869B $2.208B
YoY Change -15.35% -4.21%
Intangibles
YoY Change
Long-Term Investments $443.0M $443.0M
YoY Change 15.36% 15.36%
Other Assets $509.0M $470.0M $3.596B
YoY Change 8.3% 3.3% 5.89%
Total Long-Term Assets $34.16B $35.05B $35.05B
YoY Change -2.56% 13.82% 13.82%
TOTAL ASSETS
Total Short-Term Assets $8.599B $8.387B $8.387B
Total Long-Term Assets $34.16B $35.05B $35.05B
Total Assets $42.75B $43.44B $43.44B
YoY Change -1.58% 11.0% 11.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.109B $2.809B $2.809B
YoY Change -24.92% -24.33% -24.33%
Accrued Expenses $3.551B $3.287B $3.287B
YoY Change 8.03% -6.73% -6.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $378.0M $787.0M $787.0M
YoY Change -51.97% 1413.46% 1413.46%
Total Short-Term Liabilities $6.558B $8.382B $8.382B
YoY Change -21.76% 3.48% 3.48%
LONG-TERM LIABILITIES
Long-Term Debt $5.420B $8.111B $7.324B
YoY Change -33.18% 33.91% 21.97%
Other Long-Term Liabilities $1.451B $1.658B $3.870B
YoY Change -12.48% -5.37% 7.62%
Total Long-Term Liabilities $6.871B $9.769B $11.19B
YoY Change -29.67% 25.1% 16.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.558B $8.382B $8.382B
Total Long-Term Liabilities $6.871B $9.769B $11.19B
Total Liabilities $17.97B $22.24B $22.35B
YoY Change -19.19% 8.25% 8.39%
SHAREHOLDERS EQUITY
Retained Earnings $21.24B $17.72B
YoY Change 19.86% 11.95%
Common Stock $3.823B $3.866B
YoY Change -1.11% 2.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.72B $21.09B $21.09B
YoY Change
Total Liabilities & Shareholders Equity $42.75B $43.44B $43.44B
YoY Change -1.58% 11.0% 11.0%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $1.925B $374.0M $2.025B
YoY Change 414.71% -385.5% 18.91%
Depreciation, Depletion And Amortization $713.0M $730.0M $2.922B
YoY Change -2.33% 13.88% 23.14%
Cash From Operating Activities $1.550B $1.567B $5.660B
YoY Change -1.08% 37.7% 13.56%
INVESTING ACTIVITIES
Capital Expenditures -$1.378B -$1.754B $7.682B
YoY Change -21.44% -14.44% 10.68%
Acquisitions
YoY Change
Other Investing Activities $2.768B $85.00M $64.00M
YoY Change 3156.47% -307.32% 28.0%
Cash From Investing Activities $1.390B -$1.669B -$7.051B
YoY Change -183.28% -20.18% 7.39%
FINANCING ACTIVITIES
Cash Dividend Paid $171.0M
YoY Change 25.74%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $433.0M
YoY Change 333.0%
Cash From Financing Activities -1.447B 216.0M 1.682B
YoY Change -769.91% -54.72% 417.54%
NET CHANGE
Cash From Operating Activities 1.550B 1.567B 5.660B
Cash From Investing Activities 1.390B -1.669B -7.051B
Cash From Financing Activities -1.447B 216.0M 1.682B
Net Change In Cash 1.493B 114.0M 291.0M
YoY Change 1209.65% -123.95% -123.15%
FREE CASH FLOW
Cash From Operating Activities $1.550B $1.567B $5.660B
Capital Expenditures -$1.378B -$1.754B $7.682B
Free Cash Flow $2.928B $3.321B -$2.022B
YoY Change -11.83% 4.17% 3.32%

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