2014 Q2 Form 10-Q Financial Statement

#000119312514297639 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2 2013 Q1
Revenue $10.05B $7.958B $1.385B
YoY Change 26.28% 602.38% 53.04%
Cost Of Revenue $7.425B $6.799B $6.482B
YoY Change 9.21% 9.1% 14.14%
Gross Profit $2.624B $1.159B $1.532B
YoY Change 126.4% -9.66% -17.37%
Gross Profit Margin 26.11% 14.56% 110.61%
Selling, General & Admin $296.0M $252.0M $254.0M
YoY Change 17.46% 2.02% -10.56%
% of Gross Profit 11.28% 21.74% 16.58%
Research & Development $17.00M $21.00M $23.00M
YoY Change -19.05% 16.67% -17.86%
% of Gross Profit 0.65% 1.81% 1.5%
Depreciation & Amortization $280.0M $452.0M $185.0M
YoY Change -38.05% 153.93% -2.63%
% of Gross Profit 10.67% 39.0% 12.08%
Operating Expenses $296.0M $252.0M $254.0M
YoY Change 17.46% 2.02% -10.56%
Operating Profit $2.328B $907.0M $1.278B
YoY Change 156.67% -12.45% -18.6%
Interest Expense $2.000M $2.000M
YoY Change 0.0%
% of Operating Profit 0.09% 0.22%
Other Income/Expense, Net -$2.000M -$2.000M
YoY Change 0.0%
Pretax Income $1.646B $432.0M $1.070B
YoY Change 281.02% -48.57% -20.86%
Income Tax $414.0M $105.0M $272.0M
% Of Pretax Income 25.15% 24.31% 25.42%
Net Earnings $1.232B $327.0M $798.0M
YoY Change 276.76% -48.5% -21.38%
Net Earnings / Revenue 12.26% 4.11% 57.62%
Basic Earnings Per Share $1.45 $0.39 $0.94
Diluted Earnings Per Share $1.45 $0.38 $0.94
COMMON SHARES
Basic Shares Outstanding 847.6M shares 847.6M shares 847.6M shares
Diluted Shares Outstanding 850.7M shares 850.8M shares 850.6M shares

Balance Sheet

Concept 2014 Q2 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $171.0M $542.0M $323.0M
YoY Change -68.45% -45.58% -69.09%
Cash & Equivalents $171.0M $542.0M $323.0M
Short-Term Investments
Other Short-Term Assets $1.098B $952.0M $886.0M
YoY Change 15.34% 16.95% -2.32%
Inventory $1.123B $1.232B $1.099B
Prepaid Expenses
Receivables $2.405B $2.227B $2.232B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.797B $4.953B $4.540B
YoY Change -3.15% 1.41% -13.57%
LONG-TERM ASSETS
Property, Plant & Equipment $33.02B $28.45B $27.12B
YoY Change 16.04% 34.42% 35.21%
Goodwill $224.0M $224.0M $224.0M
YoY Change 0.0% 9.8%
Intangibles
YoY Change
Long-Term Investments $1.309B $1.292B $1.177B
YoY Change 1.32% 39.22% 25.88%
Other Assets $53.00M $53.00M $54.00M
YoY Change 0.0% -8.62% -6.9%
Total Long-Term Assets $34.60B $30.02B $28.58B
YoY Change 15.26% 34.28% 34.44%
TOTAL ASSETS
Total Short-Term Assets $4.797B $4.953B $4.540B
Total Long-Term Assets $34.60B $30.02B $28.58B
Total Assets $39.40B $34.97B $33.12B
YoY Change 12.65% 28.39% 24.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.000M $128.0M $48.00M
YoY Change -96.88% -12.93% 500.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.624B $0.00 $0.00
YoY Change
Long-Term Debt Due $1.506B $1.160B
YoY Change 313.74% 218.68%
Total Short-Term Liabilities $7.086B $7.387B $6.883B
YoY Change -4.07% 17.95% 13.06%
LONG-TERM LIABILITIES
Long-Term Debt $4.316B $3.434B $2.635B
YoY Change 25.68% 318.78% 212.95%
Other Long-Term Liabilities $2.917B $4.196B $4.104B
YoY Change -30.48% 8.82% 3.79%
Total Long-Term Liabilities $7.233B $7.630B $6.739B
YoY Change -5.2% 63.17% 40.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.086B $7.387B $6.883B
Total Long-Term Liabilities $7.233B $7.630B $6.739B
Total Liabilities $17.88B $17.68B $16.10B
YoY Change 1.15% 40.54% 29.9%
SHAREHOLDERS EQUITY
Retained Earnings $21.64B $18.19B $17.96B
YoY Change 18.97% 18.45%
Common Stock $1.566B $1.566B $1.566B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.52B $17.30B $17.02B
YoY Change
Total Liabilities & Shareholders Equity $39.40B $34.97B $33.12B
YoY Change 12.65% 28.39% 24.93%

Cashflow Statement

Concept 2014 Q2 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income $1.232B $327.0M $798.0M
YoY Change 276.76% -48.5% -21.38%
Depreciation, Depletion And Amortization $280.0M $452.0M $185.0M
YoY Change -38.05% 153.93% -2.63%
Cash From Operating Activities $999.0M $738.0M $597.0M
YoY Change 35.37% -43.96% -42.98%
INVESTING ACTIVITIES
Capital Expenditures -$1.295B -$1.616B -$1.345B
YoY Change -19.86% 25.27% 17.47%
Acquisitions $1.602B
YoY Change
Other Investing Activities $700.0M $54.00M -$1.590B
YoY Change 1196.3% -18.18% -2062.96%
Cash From Investing Activities -$595.0M -$1.562B -$2.935B
YoY Change -61.91% 27.61% 175.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -335.0M 1.043B 2.179B
YoY Change -132.12% -834.51% -1656.43%
NET CHANGE
Cash From Operating Activities 999.0M 738.0M 597.0M
Cash From Investing Activities -595.0M -1.562B -2.935B
Cash From Financing Activities -335.0M 1.043B 2.179B
Net Change In Cash 999.0M 219.0M -159.0M
YoY Change 356.16% -546.94% 1.27%
FREE CASH FLOW
Cash From Operating Activities $999.0M $738.0M $597.0M
Capital Expenditures -$1.295B -$1.616B -$1.345B
Free Cash Flow $2.294B $2.354B $1.942B
YoY Change -2.55% -9.7% -11.41%

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