2015 Q1 Form 10-Q Financial Statement

#000005114315000003 Filed on April 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014 Q1
Revenue $19.59B $24.11B $22.24B
YoY Change -11.9% -11.95% -5.01%
Cost Of Revenue $10.14B $11.25B $11.61B
YoY Change -12.66% -13.77% 21.86%
Gross Profit $9.452B $12.86B $10.63B
YoY Change -11.06% -10.29% -0.48%
Gross Profit Margin 48.25% 53.34% 47.79%
Selling, General & Admin $5.362B $5.375B $5.332B
YoY Change 0.56% -9.48% -4.39%
% of Gross Profit 56.73% 41.79% 50.17%
Research & Development $1.298B $1.320B $1.402B
YoY Change -7.42% -9.09% -14.72%
% of Gross Profit 13.73% 10.26% 13.19%
Depreciation & Amortization $670.0M $1.046B $802.0M
YoY Change -16.46% -13.84% -2.43%
% of Gross Profit 7.09% 8.13% 7.55%
Operating Expenses $6.660B $5.162B $1.402B
YoY Change 375.04% -28.39% -80.58%
Operating Profit $2.792B $7.700B $9.225B
YoY Change -69.73% 8.01% 166.85%
Interest Expense $108.0M -$27.00M -$150.0M
YoY Change -172.0% 145.45% -259.57%
% of Operating Profit 3.87% -0.35% -1.63%
Other Income/Expense, Net
YoY Change
Pretax Income $3.001B $7.095B $3.183B
YoY Change -5.72% -0.1% -11.73%
Income Tax $585.0M $1.579B $653.0M
% Of Pretax Income 19.49% 22.26% 20.52%
Net Earnings $2.328B $5.485B $2.384B
YoY Change -2.35% -11.32% -21.37%
Net Earnings / Revenue 11.88% 22.75% 10.72%
Basic Earnings Per Share $2.36 $2.30
Diluted Earnings Per Share $2.35 $5.513M $2.29
COMMON SHARES
Basic Shares Outstanding 988.1M shares 1.035B shares
Diluted Shares Outstanding 992.3M shares 1.042B shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.822B $8.500B $9.721B
YoY Change -9.25% -23.44% -19.11%
Cash & Equivalents $8.796B $8.476B $9.409B
Short-Term Investments $26.00M $24.00M $312.0M
Other Short-Term Assets $7.675B $4.943B $6.121B
YoY Change 25.39% -18.99% -3.06%
Inventory $1.970B $2.103B $2.456B
Prepaid Expenses
Receivables $8.806B $9.090B $9.682B
Other Receivables $2.740B $2.906B $1.650B
Total Short-Term Assets $46.32B $47.38B $47.96B
YoY Change -3.43% -7.74% -2.02%
LONG-TERM ASSETS
Property, Plant & Equipment $10.51B $10.77B $13.68B
YoY Change -23.2% -22.07% 0.63%
Goodwill $29.87B $30.56B $31.21B
YoY Change -4.3% -2.01% 7.54%
Intangibles $2.991B $3.104B $3.698B
YoY Change -19.12% -19.81% 2.69%
Long-Term Investments $4.678B $98.00M $4.554B
YoY Change 2.72% -10.91% 1.9%
Other Assets $5.466B $5.520B $5.030B
YoY Change 8.67% 18.99% 0.38%
Total Long-Term Assets $65.72B $69.89B $74.69B
YoY Change -12.0% -5.92% 9.34%
TOTAL ASSETS
Total Short-Term Assets $46.32B $47.38B $47.96B
Total Long-Term Assets $65.72B $69.89B $74.69B
Total Assets $112.0B $117.3B $122.6B
YoY Change -8.65% -6.66% 4.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.314B $6.864B $6.865B
YoY Change -8.03% -8.0% -4.69%
Accrued Expenses $8.939B $10.03B $8.586B
YoY Change 4.11% 16.02% 3.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.130B $0.00
YoY Change -62.45%
Long-Term Debt Due $4.072B $4.601B $9.312B
YoY Change -56.27% 19.38% 6.73%
Total Short-Term Liabilities $35.64B $39.58B $41.06B
YoY Change -13.2% -1.43% -2.53%
LONG-TERM LIABILITIES
Long-Term Debt $34.30B $34.99B $34.67B
YoY Change -1.08% 6.5% 40.52%
Other Long-Term Liabilities $8.791B $8.733B $10.11B
YoY Change -13.01% -12.09% 30.05%
Total Long-Term Liabilities $43.09B $43.72B $44.77B
YoY Change -3.77% 2.18% 38.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.64B $39.58B $41.06B
Total Long-Term Liabilities $43.09B $43.72B $44.77B
Total Liabilities $99.75B $105.3B $105.9B
YoY Change -5.82% 1.9% 8.02%
SHAREHOLDERS EQUITY
Retained Earnings $139.0B $137.8B $131.4B
YoY Change 5.78% 5.96% 9.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $152.0B $150.7B $145.6B
YoY Change 4.37% 9.82% 15.86%
Treasury Stock Shares 1.233B shares 1.225B shares 1.198B shares
Shareholders Equity $12.14B $11.87B $16.61B
YoY Change
Total Liabilities & Shareholders Equity $112.0B $117.3B $122.6B
YoY Change -8.65% -7.09% 4.59%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income $2.328B $5.485B $2.384B
YoY Change -2.35% -11.32% -21.37%
Depreciation, Depletion And Amortization $670.0M $1.046B $802.0M
YoY Change -16.46% -13.84% -2.43%
Cash From Operating Activities $3.610B $6.058B $3.326B
YoY Change 8.54% -7.2% -17.3%
INVESTING ACTIVITIES
Capital Expenditures $857.0M -$1.054B $849.0M
YoY Change 0.94% -10.3% 18.91%
Acquisitions $148.0M $264.0M
YoY Change -43.94% 355.17%
Other Investing Activities $1.530B -$182.0M $996.0M
YoY Change 53.61% -89.47% -726.42%
Cash From Investing Activities $560.0M -$1.236B $35.00M
YoY Change 1500.0% -57.42% -103.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.165B $8.166B
YoY Change -85.73% 214.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.402B -5.699B -4.673B
YoY Change -27.2% 89.15% 72.05%
NET CHANGE
Cash From Operating Activities 3.610B 6.058B 3.326B
Cash From Investing Activities 560.0M -1.236B 35.00M
Cash From Financing Activities -3.402B -5.699B -4.673B
Net Change In Cash 768.0M -877.0M -1.312B
YoY Change -158.54% -243.3% -546.26%
FREE CASH FLOW
Cash From Operating Activities $3.610B $6.058B $3.326B
Capital Expenditures $857.0M -$1.054B $849.0M
Free Cash Flow $2.753B $7.112B $2.477B
YoY Change 11.14% -7.67% -25.12%

Facts In Submission

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