2013 Q3 Form 10-Q Financial Statement

#000006390813000076 Filed on October 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3 2012 Q2
Revenue $7.323B $7.152B $6.916B
YoY Change 2.39% -0.19% 0.15%
Cost Of Revenue $4.413B $4.298B $4.200B
YoY Change 2.68% 0.9% 0.48%
Gross Profit $2.911B $2.855B $2.716B
YoY Change 1.96% -1.8% -0.36%
Gross Profit Margin 39.74% 39.91% 39.27%
Selling, General & Admin $554.3M $620.9M $617.3M
YoY Change -10.73% 6.89% 4.98%
% of Gross Profit 19.04% 21.75% 22.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $394.5M $371.9M $365.9M
YoY Change 6.08% 3.8% 4.51%
% of Gross Profit 13.55% 13.03% 13.47%
Operating Expenses $554.3M $620.9M $617.3M
YoY Change -10.73% 6.89% 4.98%
Operating Profit $2.417B $2.287B $2.155B
YoY Change 5.66% -4.49% -1.56%
Interest Expense $130.5M $128.1M $130.0M
YoY Change 1.87% 3.31% 6.73%
% of Operating Profit 5.4% 5.6% 6.03%
Other Income/Expense, Net -$13.60M -$5.500M -$15.10M
YoY Change 147.27% -26.67% 1577.78%
Pretax Income $2.273B $2.154B $2.010B
YoY Change 5.53% -4.84% -2.73%
Income Tax $750.4M $698.6M $662.9M
% Of Pretax Income 33.02% 32.44% 32.98%
Net Earnings $1.522B $1.455B $1.347B
YoY Change 4.62% -3.47% -4.48%
Net Earnings / Revenue 20.79% 20.34% 19.48%
Basic Earnings Per Share $1.53 $1.45 $1.33
Diluted Earnings Per Share $1.52 $1.43 $1.32
COMMON SHARES
Basic Shares Outstanding 997.3M shares 1.006B shares 1.014B shares
Diluted Shares Outstanding 1.004B shares 1.015B shares 1.024B shares

Balance Sheet

Concept 2013 Q3 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.544B $2.179B $2.485B
YoY Change 16.75% -8.79% 20.05%
Cash & Equivalents $2.544B $2.179B $2.485B
Short-Term Investments
Other Short-Term Assets $791.0M $643.0M $613.0M
YoY Change 23.02% -9.94% 3.72%
Inventory $113.1M $109.1M $111.7M
Prepaid Expenses
Receivables $1.285B $1.277B $1.291B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.734B $4.208B $4.500B
YoY Change 12.51% -4.84% 11.8%
LONG-TERM ASSETS
Property, Plant & Equipment $25.08B $23.75B $23.07B
YoY Change 5.6% 6.33% 0.23%
Goodwill $2.854B $2.744B $2.681B
YoY Change 3.99%
Intangibles
YoY Change
Long-Term Investments $1.263B $1.460B $1.411B
YoY Change -13.49% 4.89% 4.06%
Other Assets $1.619B $1.660B $1.673B
YoY Change -2.47% 11.66% -2.24%
Total Long-Term Assets $30.82B $29.62B $28.83B
YoY Change 4.05% 6.32% 0.08%
TOTAL ASSETS
Total Short-Term Assets $4.734B $4.208B $4.500B
Total Long-Term Assets $30.82B $29.62B $28.83B
Total Assets $35.55B $33.82B $33.33B
YoY Change 5.11% 4.79% 1.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $858.3M $833.6M $823.4M
YoY Change 2.96% 11.15% 15.97%
Accrued Expenses $1.840B $1.912B $1.724B
YoY Change -3.77% 4.2% -3.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $512.1M $852.9M
YoY Change -29.37% 164.06%
Total Short-Term Liabilities $3.822B $4.151B $3.622B
YoY Change -7.93% -18.25% -8.27%
LONG-TERM LIABILITIES
Long-Term Debt $13.49B $12.75B $12.72B
YoY Change 5.77% 16.05% 14.98%
Other Long-Term Liabilities $1.556B $1.557B $1.548B
YoY Change -0.07% 2.37% 0.01%
Total Long-Term Liabilities $15.04B $14.31B $14.27B
YoY Change 5.13% 14.39% 13.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.822B $4.151B $3.622B
Total Long-Term Liabilities $15.04B $14.31B $14.27B
Total Liabilities $18.87B $18.46B $17.89B
YoY Change 2.2% -2.53% 0.06%
SHAREHOLDERS EQUITY
Retained Earnings $40.35B $37.88B $37.90B
YoY Change 6.53%
Common Stock $16.60M $16.60M $16.60M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.69B $30.31B $29.79B
YoY Change 4.53%
Treasury Stock Shares 665.6M shares 656.6M shares 652.2M shares
Shareholders Equity $15.16B $13.88B $14.04B
YoY Change
Total Liabilities & Shareholders Equity $35.55B $33.82B $33.33B
YoY Change 5.11% 4.79% 1.52%

Cashflow Statement

Concept 2013 Q3 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $1.522B $1.455B $1.347B
YoY Change 4.62% -3.47% -4.48%
Depreciation, Depletion And Amortization $394.5M $371.9M $365.9M
YoY Change 6.08% 3.8% 4.51%
Cash From Operating Activities $2.051B $1.999B $1.483B
YoY Change 2.56% -7.84% -9.72%
INVESTING ACTIVITIES
Capital Expenditures $687.1M $753.2M $712.0M
YoY Change -8.78% 8.8% 20.6%
Acquisitions
YoY Change
Other Investing Activities -$24.40M $18.30M $26.80M
YoY Change -233.33% -70.29% -61.82%
Cash From Investing Activities -$585.6M -$723.7M -$685.6M
YoY Change -19.08% 3.42% 51.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $501.1M $651.0M $770.6M
YoY Change -23.03% -25.58% 3.02%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.302B -$1.618B -$493.7M
YoY Change -19.56% 65.4% -56.13%
NET CHANGE
Cash From Operating Activities $2.051B $1.999B $1.483B
Cash From Investing Activities -$585.6M -$723.7M -$685.6M
Cash From Financing Activities -$1.302B -$1.618B -$493.7M
Net Change In Cash $163.3M -$342.4M $303.8M
YoY Change -147.69% -169.66% 372.47%
FREE CASH FLOW
Cash From Operating Activities $2.051B $1.999B $1.483B
Capital Expenditures $687.1M $753.2M $712.0M
Free Cash Flow $1.363B $1.246B $771.1M
YoY Change 9.4% -15.64% -26.73%

Facts In Submission

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