2015 Q2 Form 10-Q Financial Statement

#000157194915000010 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2 2013 Q3
Revenue $1.096B $1.016B $338.0M
YoY Change 7.87% 173.12% 4.58%
Cost Of Revenue $276.0M $266.0M $0.00
YoY Change 3.76%
Gross Profit $797.0M $750.0M $338.0M
YoY Change 6.27%
Gross Profit Margin 72.72% 73.82% 100.0%
Selling, General & Admin $29.00M $41.00M $10.00M
YoY Change -29.27% 355.56% -89.36%
% of Gross Profit 3.64% 5.47% 2.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.00M $81.00M $34.80M
YoY Change 14.81% 145.45% 5.78%
% of Gross Profit 11.67% 10.8% 10.3%
Operating Expenses $367.0M $423.0M $136.0M
YoY Change -13.24% 187.76% 7.26%
Operating Profit $551.0M $430.0M $202.0M
YoY Change 28.14% 91.11% 4.12%
Interest Expense $23.00M $23.00M $9.000M
YoY Change 0.0% 130.0% -198.9%
% of Operating Profit 4.17% 5.35% 4.46%
Other Income/Expense, Net -$32.00M -$7.000M -$9.000M
YoY Change 357.14% -12.5% 2900.0%
Pretax Income $398.0M $320.0M $193.0M
YoY Change 24.38% 47.47% 4.49%
Income Tax $109.0M $93.00M $48.00M
% Of Pretax Income 27.39% 29.06% 24.87%
Net Earnings $357.0M $283.0M $141.0M
YoY Change 26.15% 83.77% 7.63%
Net Earnings / Revenue 32.57% 27.85% 41.72%
Basic Earnings Per Share $2.55 $510.0K $1.940M
Diluted Earnings Per Share $112.0M $510.0K $1.920M
COMMON SHARES
Basic Shares Outstanding 111.0M shares 115.0M shares 73.00M shares
Diluted Shares Outstanding 0.000 shares 116.0M shares 74.00M shares

Balance Sheet

Concept 2015 Q2 2014 Q2 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $700.0M $2.083B $1.574B
YoY Change -66.39% 39.42% 26.83%
Cash & Equivalents $678.0M $2.057B $2.057B
Short-Term Investments $22.00M $26.00M $37.00M
Other Short-Term Assets $1.104B $1.262B $43.64B
YoY Change -12.52% -96.45% 33.68%
Inventory
Prepaid Expenses
Receivables $541.0M $432.0M $176.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $45.13B $50.19B $10.00
YoY Change -10.08% 501909999900.0% -100.0%
LONG-TERM ASSETS
Property, Plant & Equipment $911.0M $845.0M $202.0M
YoY Change 7.81% 412.12% 43.26%
Goodwill $8.532B $8.583B
YoY Change -0.59%
Intangibles $7.700B $7.957B
YoY Change -3.23%
Long-Term Investments $341.0M $557.0M $330.0M
YoY Change -38.78% 68.79% -20.48%
Other Assets $17.06B $17.45B $198.0M
YoY Change -2.21% 8755.84% 0.51%
Total Long-Term Assets $17.97B $18.29B $1.329M
YoY Change -1.75% -99.96%
TOTAL ASSETS
Total Short-Term Assets $45.13B $50.19B $10.00
Total Long-Term Assets $17.97B $18.29B $1.329M
Total Assets $63.10B $68.48B $1.329M
YoY Change -7.85% 684819999900.0% -100.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.0M $293.0M $95.00M
YoY Change 10.58% 168.81% 13.1%
Accrued Expenses $121.0M $154.0M $43.00M
YoY Change -21.43% 327.78% -8.51%
Deferred Revenue
YoY Change
Short-Term Debt $1.016B $1.683B $0.00
YoY Change -39.63%
Long-Term Debt Due $1.016B $1.683B $449.0M
YoY Change -39.63% 3334.69% 798.0%
Total Short-Term Liabilities $45.58B $49.67B $1.329M
YoY Change -8.23% -100.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.247B $2.248B $342.0M
YoY Change -0.04% 198.14% -57.25%
Other Long-Term Liabilities $393.0M $460.0M $119.0M
YoY Change -14.57% 296.55% 10.19%
Total Long-Term Liabilities $5.041B $5.272B $461.0M
YoY Change -4.38% 505.98% -49.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.58B $49.67B $1.329M
Total Long-Term Liabilities $5.041B $5.272B $461.0M
Total Liabilities $50.62B $54.94B $1.329M
YoY Change -7.86% -100.0%
SHAREHOLDERS EQUITY
Retained Earnings $3.641B $2.878B
YoY Change 26.51%
Common Stock $1.000M $1.000M $1.00
YoY Change 0.0% 99999900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.181B $90.00M
YoY Change 1212.22%
Treasury Stock Shares 5.000M shares 0.000 shares
Shareholders Equity $12.41B $13.24B $10.00
YoY Change
Total Liabilities & Shareholders Equity $63.10B $68.48B $1.329M
YoY Change -7.85% 684819999900.0% -100.0%

Cashflow Statement

Concept 2015 Q2 2014 Q2 2013 Q3
OPERATING ACTIVITIES
Net Income $357.0M $283.0M $141.0M
YoY Change 26.15% 83.77% 7.63%
Depreciation, Depletion And Amortization $93.00M $81.00M $34.80M
YoY Change 14.81% 145.45% 5.78%
Cash From Operating Activities $305.0M $371.0M $180.2M
YoY Change -17.79% 60.26% -12.99%
INVESTING ACTIVITIES
Capital Expenditures -$76.00M -$53.00M -$54.00M
YoY Change 43.4% 108.66% 217.65%
Acquisitions
YoY Change
Other Investing Activities $1.061B $1.449B -$23.10M
YoY Change -26.78% -3695.53% 32.0%
Cash From Investing Activities $985.0M $1.396B -$77.10M
YoY Change -29.44% -2224.81% 124.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.367B -679.0M -22.30M
YoY Change 101.33% 570.29% 48.67%
NET CHANGE
Cash From Operating Activities 305.0M 371.0M 180.2M
Cash From Investing Activities 985.0M 1.396B -77.10M
Cash From Financing Activities -1.367B -679.0M -22.30M
Net Change In Cash -77.00M 1.088B 80.80M
YoY Change -107.08% 1586.82% -48.76%
FREE CASH FLOW
Cash From Operating Activities $305.0M $371.0M $180.2M
Capital Expenditures -$76.00M -$53.00M -$54.00M
Free Cash Flow $381.0M $424.0M $234.2M
YoY Change -10.14% 65.04% 4.51%

Facts In Submission

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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.0125
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.27
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0123
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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156.01
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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CY2015Q2 us-gaap Short Term Investments
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2014Q4 us-gaap Stockholders Equity
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47000000 USD
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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116000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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115000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications </font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current period&#8217;s financial statement presentation. </font></div></div>

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