2015 Q1 Form 10-K Financial Statement

#000002134415000005 Filed on February 25, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2013 Q4 2012 Q4
Revenue $11.04B $11.46B
YoY Change -3.62% 3.76%
Cost Of Revenue $4.315B $4.628B
YoY Change -6.76% 4.66%
Gross Profit $6.725B $6.827B
YoY Change -1.49% 3.16%
Gross Profit Margin 60.91% 59.6%
Selling, General & Admin $4.347B $7.267B
YoY Change -40.18% 40.86%
% of Gross Profit 64.64% 106.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $533.0M $513.0M
YoY Change 3.9% -3.39%
% of Gross Profit 7.93% 7.51%
Operating Expenses $4.461B $4.644B
YoY Change -3.94% -14.54%
Operating Profit $2.264B $2.183B
YoY Change 3.71% 84.38%
Interest Expense $131.0M $213.0M
YoY Change -38.5% 19.66%
% of Operating Profit 5.79% 9.76%
Other Income/Expense, Net $20.00M -$19.00M
YoY Change -205.26% -123.17%
Pretax Income $2.228B $2.377B
YoY Change -6.27% 62.47%
Income Tax $520.0M $487.0M
% Of Pretax Income 23.34% 20.49%
Net Earnings $1.710B $1.866B
YoY Change -8.36% 106.42%
Net Earnings / Revenue 15.49% 16.29%
Basic Earnings Per Share
Diluted Earnings Per Share $381.5K $409.7K
COMMON SHARES
Basic Shares Outstanding 4.366B shares 4.416B shares 4.485B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.27B $16.55B
YoY Change 22.46% 17.93%
Cash & Equivalents $10.41B $8.442B
Short-Term Investments $9.854B $8.109B
Other Short-Term Assets $2.886B $5.754B
YoY Change -49.84% 66.78%
Inventory $3.277B $3.264B
Prepaid Expenses
Receivables $4.873B $4.759B
Other Receivables $0.00 $0.00
Total Short-Term Assets $31.30B $30.33B
YoY Change 3.22% 18.95%
LONG-TERM ASSETS
Property, Plant & Equipment $14.97B $14.48B
YoY Change 3.39% -3.1%
Goodwill $12.31B $12.26B
YoY Change 0.47% 0.29%
Intangibles $6.744B $6.527B
YoY Change 3.32% 1.51%
Long-Term Investments $10.39B $9.216B
YoY Change 12.77% 27.42%
Other Assets $4.661B $3.585B
YoY Change 30.01% 2.58%
Total Long-Term Assets $58.75B $55.85B
YoY Change 5.2% 2.51%
TOTAL ASSETS
Total Short-Term Assets $31.30B $30.33B
Total Long-Term Assets $58.75B $55.85B
Total Assets $90.06B $86.17B
YoY Change 4.5% 7.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.933B $8.624B
YoY Change -77.59% -4.27%
Accrued Expenses $7.644B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $16.90B $16.30B
YoY Change 3.71% 26.62%
Long-Term Debt Due $1.024B $1.577B
YoY Change -35.07% -22.73%
Total Short-Term Liabilities $27.81B $27.82B
YoY Change -0.04% 14.57%
LONG-TERM LIABILITIES
Long-Term Debt $19.15B $14.74B
YoY Change 29.98% 7.91%
Other Long-Term Liabilities $3.498B $5.468B
YoY Change -36.03% 0.89%
Total Long-Term Liabilities $22.65B $20.20B
YoY Change 12.12% 5.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.81B $27.82B
Total Long-Term Liabilities $22.65B $20.20B
Total Liabilities $50.46B $48.03B
YoY Change 5.08% 10.76%
SHAREHOLDERS EQUITY
Retained Earnings $61.66B $58.05B
YoY Change 6.23% 8.25%
Common Stock $14.04B $13.14B
YoY Change 6.83% 8.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.09B $35.01B
YoY Change 11.66% 11.84%
Treasury Stock Shares 2.638B shares 2.571B shares
Shareholders Equity $33.17B $32.79B
YoY Change
Total Liabilities & Shareholders Equity $90.06B $86.17B
YoY Change 4.5% 7.75%

Cashflow Statement

Concept 2015 Q1 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income $1.710B $1.866B
YoY Change -8.36% 106.42%
Depreciation, Depletion And Amortization $533.0M $513.0M
YoY Change 3.9% -3.39%
Cash From Operating Activities $2.830B $2.805B
YoY Change 0.89% 4.9%
INVESTING ACTIVITIES
Capital Expenditures -$925.0M -$809.0M
YoY Change 14.34% -19.5%
Acquisitions
YoY Change
Other Investing Activities -$306.0M -$196.0M
YoY Change 56.12% -110.34%
Cash From Investing Activities -$1.231B -$1.005B
YoY Change 22.49% -212.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.362B -2.948B
YoY Change -19.88% -13.55%
NET CHANGE
Cash From Operating Activities 2.830B 2.805B
Cash From Investing Activities -1.231B -1.005B
Cash From Financing Activities -2.362B -2.948B
Net Change In Cash -763.0M -1.148B
YoY Change -33.54% -845.45%
FREE CASH FLOW
Cash From Operating Activities $2.830B $2.805B
Capital Expenditures -$925.0M -$809.0M
Free Cash Flow $3.755B $3.614B
YoY Change 3.9% -1.77%

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2020
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.115
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2014 ko Assetsand Liabilities Heldfor Sale
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Assets and Liabilities Held for Sale</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our Company classifies long-lived assets or disposal groups to be sold as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the asset or disposal group; the asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell the asset or disposal group have been initiated; the sale of the asset or disposal group is probable, and transfer of the asset or disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond our control extend the period of time required to sell the asset or disposal group beyond one year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We initially measure a long-lived asset or disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held-for-sale criteria are met. Conversely, gains are not recognized on the sale of a long-lived asset or disposal group until the date of sale. We assess the fair value of a long-lived asset or disposal group less any costs to sell each reporting period it remains classified as held for sale and report any subsequent changes as an adjustment to the carrying value of the asset or disposal group, as long as the new carrying value does not exceed the carrying value of the asset at the time it was initially classified as held for sale.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upon determining that a long-lived asset or disposal group meets the criteria to be classified as held for sale, the Company reports long-lived assets and/or the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale, respectively, in our consolidated balance sheet. Refer to Note 2.</font></div></div>

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