2015 Q2 Form 10-Q Financial Statement

#000114139115000044 Filed on July 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $2.390B $2.368B
YoY Change 0.93% 12.98%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $977.0M $909.0M
YoY Change 7.48% 10.99%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.00M $81.00M
YoY Change 13.58% 32.79%
% of Gross Profit
Operating Expenses $1.139B $990.0M
YoY Change 15.05% 12.5%
Operating Profit $1.251B $1.383B
YoY Change -9.54% 12.62%
Interest Expense $17.00M $15.00M
YoY Change 13.33% 200.0%
% of Operating Profit 1.36% 1.08%
Other Income/Expense, Net -$10.00M -$10.00M
YoY Change 0.0% -300.0%
Pretax Income $1.241B $1.373B
YoY Change -9.61% 11.35%
Income Tax $320.0M $442.0M
% Of Pretax Income 25.79% 32.19%
Net Earnings $921.0M $931.0M
YoY Change -1.07% 9.79%
Net Earnings / Revenue 38.54% 39.32%
Basic Earnings Per Share $0.81 $0.80
Diluted Earnings Per Share $0.81 $0.80
COMMON SHARES
Basic Shares Outstanding 1.138B shares 1.165B shares
Diluted Shares Outstanding 1.141B shares 1.169B shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.077B $5.714B
YoY Change -11.15% 12.26%
Cash & Equivalents $3.361B $2.878B
Short-Term Investments $1.716B $2.836B
Other Short-Term Assets $241.0M $185.0M
YoY Change 30.27% -3.14%
Inventory
Prepaid Expenses
Receivables $1.128B $1.134B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.22B $10.58B
YoY Change -3.4% 18.02%
LONG-TERM ASSETS
Property, Plant & Equipment $632.0M $539.0M
YoY Change 17.25% 14.44%
Goodwill $1.940B $1.527B
YoY Change 27.05% 45.43%
Intangibles $862.0M $759.0M
YoY Change 13.57% 19.15%
Long-Term Investments $233.0M $164.0M
YoY Change 42.07% -38.11%
Other Assets $1.589B $887.0M
YoY Change 79.14% 8.7%
Total Long-Term Assets $5.055B $3.798B
YoY Change 33.1% 24.16%
TOTAL ASSETS
Total Short-Term Assets $10.22B $10.58B
Total Long-Term Assets $5.055B $3.798B
Total Assets $15.27B $14.38B
YoY Change 6.24% 19.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $481.0M $420.0M
YoY Change 14.52% 62.16%
Accrued Expenses $2.385B $1.903B
YoY Change 25.33% 17.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.476B $5.790B
YoY Change 11.85% 33.81%
LONG-TERM LIABILITIES
Long-Term Debt $1.495B $1.494B
YoY Change 0.07%
Other Long-Term Liabilities $764.0M $652.0M
YoY Change 17.18% 14.99%
Total Long-Term Liabilities $2.259B $2.146B
YoY Change 5.27% 278.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.476B $5.790B
Total Long-Term Liabilities $2.259B $2.146B
Total Liabilities $8.836B $8.061B
YoY Change 9.61% 61.48%
SHAREHOLDERS EQUITY
Retained Earnings $14.75B $11.67B
YoY Change 26.4% 32.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.79B $9.399B
YoY Change 25.39% 71.45%
Treasury Stock Shares 257.2M shares 229.6M shares
Shareholders Equity $6.404B $6.266B
YoY Change
Total Liabilities & Shareholders Equity $15.27B $14.38B
YoY Change 6.24% 19.58%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $921.0M $931.0M
YoY Change -1.07% 9.79%
Depreciation, Depletion And Amortization $92.00M $81.00M
YoY Change 13.58% 32.79%
Cash From Operating Activities $821.0M $729.0M
YoY Change 12.62% -1.75%
INVESTING ACTIVITIES
Capital Expenditures -$86.00M -$53.00M
YoY Change 62.26% -13.11%
Acquisitions
YoY Change
Other Investing Activities -$617.0M -$509.0M
YoY Change 21.22% -277.97%
Cash From Investing Activities -$703.0M -$562.0M
YoY Change 25.09% -349.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.016B -1.306B
YoY Change -22.21% 104.7%
NET CHANGE
Cash From Operating Activities 821.0M 729.0M
Cash From Investing Activities -703.0M -562.0M
Cash From Financing Activities -1.016B -1.306B
Net Change In Cash -898.0M -1.139B
YoY Change -21.16% -446.2%
FREE CASH FLOW
Cash From Operating Activities $821.0M $729.0M
Capital Expenditures -$86.00M -$53.00M
Free Cash Flow $907.0M $782.0M
YoY Change 15.98% -2.62%

Facts In Submission

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