2013 Q1 Form 10-Q Financial Statement
#000119312513131376 Filed on March 28, 2013
Income Statement
| Concept | 2013 Q1 | 2012 Q1 |
|---|---|---|
| Revenue | $2.241B | $2.190B |
| YoY Change | 2.33% | -1.12% |
| Cost Of Revenue | $1.671B | $1.668B |
| YoY Change | 0.17% | 22.56% |
| Gross Profit | $641.8M | $521.8M |
| YoY Change | 23.0% | -38.87% |
| Gross Profit Margin | 28.64% | 23.83% |
| Selling, General & Admin | $91.90M | $91.30M |
| YoY Change | 0.66% | 9.21% |
| % of Gross Profit | 14.32% | 17.5% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $155.0M | $127.9M |
| YoY Change | 21.19% | 12.09% |
| % of Gross Profit | 24.15% | 24.51% |
| Operating Expenses | $91.90M | $91.30M |
| YoY Change | 0.66% | 9.21% |
| Operating Profit | $491.1M | $413.7M |
| YoY Change | 18.71% | -46.33% |
| Interest Expense | $35.90M | -$39.90M |
| YoY Change | -189.97% | 25.08% |
| % of Operating Profit | 7.31% | -9.64% |
| Other Income/Expense, Net | -$400.0K | -$19.10M |
| YoY Change | -97.91% | 18.63% |
| Pretax Income | $511.3M | $354.7M |
| YoY Change | 44.15% | -50.93% |
| Income Tax | $133.7M | $87.00M |
| % Of Pretax Income | 26.15% | 24.53% |
| Net Earnings | $379.8M | $273.3M |
| YoY Change | 38.97% | -49.58% |
| Net Earnings / Revenue | 16.95% | 12.48% |
| Basic Earnings Per Share | $0.89 | $0.64 |
| Diluted Earnings Per Share | $0.89 | $0.64 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 425.7M shares | 425.4M shares |
| Diluted Shares Outstanding | 426.7M shares |
Balance Sheet
| Concept | 2013 Q1 | 2012 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.323B | $3.202B |
| YoY Change | 3.78% | -4.47% |
| Cash & Equivalents | $3.511B | $3.202B |
| Short-Term Investments | ||
| Other Short-Term Assets | $432.0M | $594.9M |
| YoY Change | -27.38% | 99.5% |
| Inventory | $1.569B | $1.327B |
| Prepaid Expenses | ||
| Receivables | $874.0M | $656.0M |
| Other Receivables | $143.0M | $0.00 |
| Total Short-Term Assets | $6.342B | $5.930B |
| YoY Change | 6.94% | 4.16% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $8.272B | $7.380B |
| YoY Change | 12.09% | 16.57% |
| Goodwill | $1.874B | |
| YoY Change | 2.48% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $452.0M | $438.4M |
| YoY Change | 3.1% | -0.11% |
| Other Assets | $403.0M | $220.0M |
| YoY Change | 83.18% | 28.06% |
| Total Long-Term Assets | $10.98B | $10.01B |
| YoY Change | 9.73% | 11.11% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.342B | $5.930B |
| Total Long-Term Assets | $10.98B | $10.01B |
| Total Assets | $17.32B | $15.94B |
| YoY Change | 8.69% | 8.42% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $741.0M | $800.5M |
| YoY Change | -7.43% | 24.03% |
| Accrued Expenses | $458.0M | $657.9M |
| YoY Change | -30.38% | -0.41% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $61.00M | $81.60M |
| YoY Change | -25.25% | 9.97% |
| Long-Term Debt Due | $1.000M | $1.000M |
| YoY Change | 0.0% | -98.0% |
| Total Short-Term Liabilities | $1.537B | $1.615B |
| YoY Change | -4.82% | 5.23% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.010B | $1.011B |
| YoY Change | -0.1% | 32.68% |
| Other Long-Term Liabilities | $829.0M | $869.8M |
| YoY Change | -4.69% | -1.01% |
| Total Long-Term Liabilities | $1.839B | $869.8M |
| YoY Change | 111.43% | -1.01% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.537B | $1.615B |
| Total Long-Term Liabilities | $1.839B | $869.8M |
| Total Liabilities | $4.198B | $2.485B |
| YoY Change | 68.96% | 2.96% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $9.687B | |
| YoY Change | 25.75% | |
| Common Stock | $1.455B | |
| YoY Change | -43.54% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $13.13B | $11.81B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $17.32B | $15.94B |
| YoY Change | 8.69% | 8.42% |
Cashflow Statement
| Concept | 2013 Q1 | 2012 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $379.8M | $273.3M |
| YoY Change | 38.97% | -49.58% |
| Depreciation, Depletion And Amortization | $155.0M | $127.9M |
| YoY Change | 21.19% | 12.09% |
| Cash From Operating Activities | $371.1M | $404.5M |
| YoY Change | -8.26% | 10.55% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $367.5M | $411.8M |
| YoY Change | -10.76% | 32.16% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$4.000M | $7.100M |
| YoY Change | -156.34% | -82.25% |
| Cash From Investing Activities | -$390.1M | -$404.7M |
| YoY Change | -3.61% | 49.01% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | $200.0K | |
| YoY Change | ||
| Cash From Financing Activities | -65.60M | -479.9M |
| YoY Change | -86.33% | 6.08% |
| NET CHANGE | ||
| Cash From Operating Activities | 371.1M | 404.5M |
| Cash From Investing Activities | -390.1M | -404.7M |
| Cash From Financing Activities | -65.60M | -479.9M |
| Net Change In Cash | -84.60M | -480.1M |
| YoY Change | -82.38% | 34.07% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $371.1M | $404.5M |
| Capital Expenditures | $367.5M | $411.8M |
| Free Cash Flow | $3.600M | -$7.300M |
| YoY Change | -149.32% | -113.44% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q1 | us-gaap |
Litigation Settlement Gross
LitigationSettlementGross
|
43800000 | USD |
| CY2013Q1 | mos |
Potential Assets Held In Trust
PotentialAssetsHeldInTrust
|
625000000 | USD |
| CY2013Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
8600000 | USD |
| CY2012Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
30700000 | USD |
| CY2013Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
54800000 | USD |
| CY2012Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
60700000 | USD |
| us-gaap |
Derivative Credit Risk Related Contingent Features Existence And Nature
DerivativeCreditRiskRelatedContingentFeaturesExistenceAndNature
|
Certain of our derivative instruments contain provisions that may require us to post collateral. These provisions also state that if our debt were to be rated below investment grade, certain counterparties to the derivative instruments could request full collateralization on derivative instruments in net liability positions. | ||
| CY2013Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
46800000 | USD |
| CY2013Q1 | us-gaap |
Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
|
44400000 | USD |
| us-gaap |
Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD | |
| CY2013Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
8600000 | USD |
| CY2013Q1 | us-gaap |
Derivative Financial Instruments Liabilities Fair Value Disclosure
DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure
|
54800000 | USD |
| us-gaap |
Revenues
Revenues
|
7281900000 | USD | |
| CY2012Q2 | us-gaap |
Advances To Affiliate
AdvancesToAffiliate
|
134800000 | USD |
| CY2013Q1 | us-gaap |
Advances To Affiliate
AdvancesToAffiliate
|
168700000 | USD |
| us-gaap |
Revenues
Revenues
|
8287300000 | USD | |
| us-gaap |
Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD | |
| CY2013Q1 | us-gaap |
Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
| CY2013Q1 | us-gaap |
Revenues
Revenues
|
2240600000 | USD |
| CY2012Q1 | us-gaap |
Revenues
Revenues
|
2189500000 | USD |
| CY2012Q1 | us-gaap |
Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | USD |
| CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
397800000 | USD |
| CY2013Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
152200000 | USD |
| CY2012Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
127900000 | USD |
| CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
411800000 | USD |
| CY2013Q1 | mos |
Investment In Phosphates Greenfield Mine
InvestmentInPhosphatesGreenfieldMine
|
7000000000 | USD |
| CY2013Q1 | mos |
Annual Production Of Finished Product
AnnualProductionOfFinishedProduct
|
3500000 | |
| CY2013Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
1000000000 | USD |
| CY2013Q1 | mos |
Economic Interest In Joint Venture
EconomicInterestInJointVenture
|
0.25 | pure |
| CY2013Q1 | mos |
Percentage Of Total Production Expected To Market
PercentageOfTotalProductionExpectedToMarket
|
0.25 | pure |
