$L
LOEWS CORP

2014 Q4 Form 10-Q Financial Statement

#000119312514395873 Filed on November 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $3.521B $3.523B $3.782B
YoY Change -6.9% -2.06% 2.08%
Cost Of Revenue $1.354B
YoY Change -1.74%
Gross Profit $2.169B
YoY Change -2.25%
Gross Profit Margin 61.57%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $899.0M $332.0M $871.0M
YoY Change 3.21% -2.64% -3.76%
% of Gross Profit 15.31%
Operating Expenses $2.952B $3.063B $2.884B
YoY Change 2.36% 5.04% -29.45%
Operating Profit -$894.0M
YoY Change 28.26%
Interest Expense -$129.0M $121.0M -$109.0M
YoY Change 18.35% 15.24% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $411.0M $339.0M $498.0M
YoY Change -17.47% -41.15% 1322.86%
Income Tax $110.0M $99.00M $178.0M
% Of Pretax Income 26.76% 29.2% 35.74%
Net Earnings $208.0M $208.0M -$198.0M
YoY Change -205.05% -26.24% 518.75%
Net Earnings / Revenue 5.91% 5.9% -5.24%
Basic Earnings Per Share $0.56 $0.55
Diluted Earnings Per Share $0.55 $0.55 $705.8K
COMMON SHARES
Basic Shares Outstanding 374.1M shares 380.6M shares 387.2M shares
Diluted Shares Outstanding 381.2M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $15.61B $14.41B $13.52B
YoY Change 15.43% 0.21% -2.95%
Goodwill $374.0M $353.0M $357.0M
YoY Change 4.76% -64.38% -13.35%
Intangibles
YoY Change
Long-Term Investments $158.0M $52.64B $242.0M
YoY Change -34.71% 0.55% 261.19%
Other Assets $0.00 $1.041B
YoY Change -100.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $78.37B $78.53B $79.94B
YoY Change -1.97% -1.23% -0.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $335.0M $850.0M $819.0M
YoY Change -59.1% 214.81% 4210.53%
Total Short-Term Liabilities $335.0M $850.0M $819.0M
YoY Change -59.1% 214.81% 4210.53%
LONG-TERM LIABILITIES
Long-Term Debt $10.33B $10.05B $9.525B
YoY Change 8.48% 3.57% 3.63%
Other Long-Term Liabilities $5.103B $4.724B $5.264B
YoY Change -3.06% -15.42% -6.22%
Total Long-Term Liabilities $15.44B $14.78B $14.79B
YoY Change 4.37% -3.37% 60.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $335.0M $850.0M $819.0M
Total Long-Term Liabilities $15.44B $14.78B $14.79B
Total Liabilities $53.72B $53.41B $55.03B
YoY Change -2.39% -2.33% -0.56%
SHAREHOLDERS EQUITY
Retained Earnings $15.52B $15.82B $15.51B
YoY Change 0.05% -0.59% 2.08%
Common Stock $3.485B $3.617B $3.611B
YoY Change -3.49% -0.96% 0.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $415.0M
YoY Change 82.02%
Treasury Stock Shares 0.000 shares 9.572M shares 0.000 shares
Shareholders Equity $19.28B $19.66B $19.46B
YoY Change
Total Liabilities & Shareholders Equity $78.37B $78.53B $79.94B
YoY Change -1.97% -1.23% -0.1%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income $208.0M $208.0M -$198.0M
YoY Change -205.05% -26.24% 518.75%
Depreciation, Depletion And Amortization $899.0M $332.0M $871.0M
YoY Change 3.21% -2.64% -3.76%
Cash From Operating Activities $894.0M $915.0M $767.0M
YoY Change 16.56% 10.51% 1.99%
INVESTING ACTIVITIES
Capital Expenditures -$1.158B -$443.0M -$430.0M
YoY Change 169.3% 182.17% -25.86%
Acquisitions $230.0M $230.0M
YoY Change
Other Investing Activities $653.0M $637.0M -$1.003B
YoY Change -165.1% -253.49% 63.62%
Cash From Investing Activities -$505.0M $194.0M -$1.433B
YoY Change -64.76% -133.92% 20.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -657.0M -744.0M 703.0M
YoY Change -193.46% 348.19% 40.88%
NET CHANGE
Cash From Operating Activities 894.0M 915.0M 767.0M
Cash From Investing Activities -505.0M 194.0M -1.433B
Cash From Financing Activities -657.0M -744.0M 703.0M
Net Change In Cash -268.0M 365.0M 37.00M
YoY Change -824.32% 305.56% -36.21%
FREE CASH FLOW
Cash From Operating Activities $894.0M $915.0M $767.0M
Capital Expenditures -$1.158B -$443.0M -$430.0M
Free Cash Flow $2.052B $1.358B $1.197B
YoY Change 71.43% 37.87% -10.14%

Facts In Submission

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