2011 Q3 Form 10-Q Financial Statement

#000110465911060552 Filed on November 03, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2010 Q3
Revenue $7.531B $6.874B
YoY Change 9.56% 11.0%
Cost Of Revenue $4.027B $3.583B
YoY Change 12.39% 12.99%
Gross Profit $3.504B $3.291B
YoY Change 6.47% 8.9%
Gross Profit Margin 46.53% 47.88%
Selling, General & Admin $1.534B $1.361B
YoY Change 12.71% 12.57%
% of Gross Profit 43.78% 41.36%
Research & Development $389.0M $354.0M
YoY Change 9.89% 5.67%
% of Gross Profit 11.1% 10.76%
Depreciation & Amortization $311.0M $278.0M
YoY Change 11.87% -4.14%
% of Gross Profit 8.88% 8.45%
Operating Expenses $1.534B $1.361B
YoY Change 12.71% 12.57%
Operating Profit $1.581B $1.576B
YoY Change 0.32% 6.63%
Interest Expense -$38.00M -$40.00M
YoY Change -5.0% -14.89%
% of Operating Profit -2.4% -2.54%
Other Income/Expense, Net -$38.00M -$40.00M
YoY Change -5.0% -14.89%
Pretax Income $1.543B $1.536B
YoY Change 0.46% 7.34%
Income Tax $440.0M $411.0M
% Of Pretax Income 28.52% 26.76%
Net Earnings $1.088B $1.106B
YoY Change -1.63% 15.57%
Net Earnings / Revenue 14.45% 16.09%
Basic Earnings Per Share $1.54 $1.55
Diluted Earnings Per Share $1.52 $1.53
COMMON SHARES
Basic Shares Outstanding 707.7M shares 714.0M shares
Diluted Shares Outstanding 715.5M shares 725.2M shares

Balance Sheet

Concept 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.305B $6.296B
YoY Change -15.74% 59.96%
Cash & Equivalents $3.376B $4.466B
Short-Term Investments $1.929B $1.830B
Other Short-Term Assets $944.0M $1.111B
YoY Change -15.03% 12.56%
Inventory $3.604B $3.215B
Prepaid Expenses
Receivables $4.259B $3.869B
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.67B $14.05B
YoY Change -2.7% 25.47%
LONG-TERM ASSETS
Property, Plant & Equipment $7.509B $6.915B
YoY Change 8.59% -0.12%
Goodwill $7.140B $5.899B
YoY Change 21.04% 0.65%
Intangibles $1.952B $1.279B
YoY Change 52.62% -8.12%
Long-Term Investments $605.0M $579.0M
YoY Change 4.49% -7.36%
Other Assets $1.153B $1.241B
YoY Change -7.09% -22.19%
Total Long-Term Assets $18.45B $16.02B
YoY Change 15.17% -2.56%
TOTAL ASSETS
Total Short-Term Assets $13.67B $14.05B
Total Long-Term Assets $18.45B $16.02B
Total Assets $32.12B $30.07B
YoY Change 6.82% 8.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.689B $1.649B
YoY Change 2.43% 17.45%
Accrued Expenses $654.0M $738.0M
YoY Change -11.38% 7.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.204B $653.0M
YoY Change 84.38% -29.1%
Total Short-Term Liabilities $6.165B $5.395B
YoY Change 14.27% -6.43%
LONG-TERM LIABILITIES
Long-Term Debt $4.955B $5.105B
YoY Change -2.94% -1.9%
Other Long-Term Liabilities $1.879B $1.879B
YoY Change 0.0% 11.45%
Total Long-Term Liabilities $6.834B $6.984B
YoY Change -2.15% 1.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.165B $5.395B
Total Long-Term Liabilities $6.834B $6.984B
Total Liabilities $14.70B $14.23B
YoY Change 3.31% -3.28%
SHAREHOLDERS EQUITY
Retained Earnings $27.78B $25.49B
YoY Change 8.99% 9.64%
Common Stock $3.734B $3.390B
YoY Change 10.15% 9.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.21B $10.01B
YoY Change 11.96% -5.73%
Treasury Stock Shares 243.2M shares 229.2M shares
Shareholders Equity $16.97B $15.50B
YoY Change
Total Liabilities & Shareholders Equity $32.12B $30.07B
YoY Change 6.82% 8.8%

Cashflow Statement

Concept 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $1.088B $1.106B
YoY Change -1.63% 15.57%
Depreciation, Depletion And Amortization $311.0M $278.0M
YoY Change 11.87% -4.14%
Cash From Operating Activities $1.362B $1.323B
YoY Change 2.95% -23.79%
INVESTING ACTIVITIES
Capital Expenditures -$336.0M -$228.0M
YoY Change 47.37% 30.29%
Acquisitions
YoY Change
Other Investing Activities -$439.0M $726.0M
YoY Change -160.47% -238.02%
Cash From Investing Activities -$775.0M $498.0M
YoY Change -255.62% -171.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -461.0M -464.0M
YoY Change -0.65% 60.0%
NET CHANGE
Cash From Operating Activities 1.362B 1.323B
Cash From Investing Activities -775.0M 498.0M
Cash From Financing Activities -461.0M -464.0M
Net Change In Cash 126.0M 1.357B
YoY Change -90.71% 82.15%
FREE CASH FLOW
Cash From Operating Activities $1.362B $1.323B
Capital Expenditures -$336.0M -$228.0M
Free Cash Flow $1.698B $1.551B
YoY Change 9.48% -18.84%

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