2015 Q2 Form 10-Q Financial Statement

#000130051415000013 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $2.921B $3.624B
YoY Change -19.41% 11.76%
Cost Of Revenue $1.562B $1.943B
YoY Change -19.58% 9.57%
Gross Profit $1.359B $1.682B
YoY Change -19.18% 14.41%
Gross Profit Margin 46.53% 46.4%
Selling, General & Admin $315.6M $327.5M
YoY Change -3.64% 6.39%
% of Gross Profit 23.22% 19.48%
Research & Development $2.348M $4.217M
YoY Change -44.32% -29.74%
% of Gross Profit 0.17% 0.25%
Depreciation & Amortization $258.0M $274.0M
YoY Change -5.84% 4.9%
% of Gross Profit 18.98% 16.29%
Operating Expenses $318.0M $331.7M
YoY Change -4.16% 5.7%
Operating Profit $689.0M $961.5M
YoY Change -28.34% 23.16%
Interest Expense $65.80M $69.59M
YoY Change -5.44% 1.78%
% of Operating Profit 9.55% 7.24%
Other Income/Expense, Net -$151.0K $2.194M
YoY Change -106.88% -43.64%
Pretax Income $627.4M $899.8M
YoY Change -30.27% 25.07%
Income Tax $45.93M $46.92M
% Of Pretax Income 7.32% 5.21%
Net Earnings $469.0M $671.4M
YoY Change -30.15% 26.74%
Net Earnings / Revenue 16.06% 18.53%
Basic Earnings Per Share $0.59 $0.83
Diluted Earnings Per Share $0.59 $0.83
COMMON SHARES
Basic Shares Outstanding 797.7M shares 807.0M shares
Diluted Shares Outstanding 798.6M shares 809.2M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.819B $3.293B
YoY Change -14.39% 30.99%
Cash & Equivalents $2.819B $3.293B
Short-Term Investments
Other Short-Term Assets $118.0M $110.0M
YoY Change 7.27% 3.77%
Inventory $39.82M $43.08M
Prepaid Expenses
Receivables $1.342B $1.532B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.319B $4.978B
YoY Change -13.25% 11.48%
LONG-TERM ASSETS
Property, Plant & Equipment $15.53B $15.40B
YoY Change 0.79% -0.22%
Goodwill
YoY Change
Intangibles $78.85M $95.00M
YoY Change -17.01% -13.38%
Long-Term Investments
YoY Change
Other Assets $122.9M $122.1M
YoY Change 0.61% 3.21%
Total Long-Term Assets $17.29B $17.27B
YoY Change 0.11% -0.27%
TOTAL ASSETS
Total Short-Term Assets $4.319B $4.978B
Total Long-Term Assets $17.29B $17.27B
Total Assets $21.61B $22.25B
YoY Change -2.88% 2.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.62M $118.5M
YoY Change -21.02% -2.06%
Accrued Expenses $1.980B $1.882B
YoY Change 5.21% -6.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $98.00M $436.0M
YoY Change -77.52% -55.51%
Total Short-Term Liabilities $2.691B $2.858B
YoY Change -5.84% -20.06%
LONG-TERM LIABILITIES
Long-Term Debt $9.720B $9.943B
YoY Change -2.24% 16.83%
Other Long-Term Liabilities $127.6M $116.2M
YoY Change 9.8% -17.65%
Total Long-Term Liabilities $127.6M $116.2M
YoY Change 9.8% -17.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.691B $2.858B
Total Long-Term Liabilities $127.6M $116.2M
Total Liabilities $13.14B $13.51B
YoY Change -2.75% 5.33%
SHAREHOLDERS EQUITY
Retained Earnings $2.889B $2.352B
YoY Change 22.85% 116.86%
Common Stock $830.0K $829.0K
YoY Change 0.12% 0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.303B $1.701B
YoY Change 35.42% 3552.26%
Treasury Stock Shares 32.31M shares 22.77M shares
Shareholders Equity $7.071B $7.276B
YoY Change
Total Liabilities & Shareholders Equity $21.61B $22.25B
YoY Change -2.88% 2.14%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $469.0M $671.4M
YoY Change -30.15% 26.74%
Depreciation, Depletion And Amortization $258.0M $274.0M
YoY Change -5.84% 4.9%
Cash From Operating Activities $847.2M $1.258B
YoY Change -32.67% 10.49%
INVESTING ACTIVITIES
Capital Expenditures -$351.9M -$275.1M
YoY Change 27.92% 13.35%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K
YoY Change -100.0% -81.82%
Cash From Investing Activities -$351.8M -$275.0M
YoY Change 27.93% 13.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.30M -996.1M
YoY Change -91.54% 31.67%
NET CHANGE
Cash From Operating Activities 847.2M 1.258B
Cash From Investing Activities -351.8M -275.0M
Cash From Financing Activities -84.30M -996.1M
Net Change In Cash 411.1M -12.90M
YoY Change -3286.82% -109.17%
FREE CASH FLOW
Cash From Operating Activities $847.2M $1.258B
Capital Expenditures -$351.9M -$275.1M
Free Cash Flow $1.199B $1.533B
YoY Change -21.8% 11.0%

Facts In Submission

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