2013 Q3 Form 10-Q Financial Statement

#000006850513000003 Filed on October 23, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $1.517B $1.580B
YoY Change -3.99% -20.36%
Cost Of Revenue $752.0M $760.0M
YoY Change -1.05% -22.21%
Gross Profit $765.0M $820.0M
YoY Change -6.71% -18.57%
Gross Profit Margin 50.43% 51.9%
Selling, General & Admin $319.0M $370.0M
YoY Change -13.78% -23.24%
% of Gross Profit 41.7% 45.12%
Research & Development $183.0M $192.0M
YoY Change -4.69% -26.15%
% of Gross Profit 23.92% 23.41%
Depreciation & Amortization $39.00M $39.00M
YoY Change 0.0% -2.5%
% of Gross Profit 5.1% 4.76%
Operating Expenses $502.0M $562.0M
YoY Change -10.68% -24.26%
Operating Profit $246.0M $252.0M
YoY Change -2.38% 58.49%
Interest Expense $33.00M $29.00M
YoY Change 13.79% -27.5%
% of Operating Profit 13.41% 11.51%
Other Income/Expense, Net $5.000M $0.00
YoY Change -100.0%
Pretax Income $251.0M $324.0M
YoY Change -22.53% 431.15%
Income Tax -$11.00M $118.0M
% Of Pretax Income -4.38% 36.42%
Net Earnings $307.0M $206.0M
YoY Change 49.03% -40.97%
Net Earnings / Revenue 20.24% 13.04%
Basic Earnings Per Share $1.17 $0.73
Diluted Earnings Per Share $1.16 $0.72
COMMON SHARES
Basic Shares Outstanding 262.2M shares 283.1M shares
Diluted Shares Outstanding 265.3M shares 287.4M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.890B $3.476B
YoY Change -16.86% -47.55%
Cash & Equivalents $1.721B $1.779B
Short-Term Investments $1.169B $1.760B
Other Short-Term Assets $760.0M $828.0M
YoY Change -8.21% -16.53%
Inventory $521.0M $538.0M
Prepaid Expenses
Receivables $1.823B $1.704B
Other Receivables $98.00M $83.00M
Total Short-Term Assets $6.580B $7.271B
YoY Change -9.5% -29.19%
LONG-TERM ASSETS
Property, Plant & Equipment $841.0M $860.0M
YoY Change -2.21% -4.34%
Goodwill $1.507B $1.430B
YoY Change 5.38%
Intangibles
YoY Change
Long-Term Investments $259.0M $162.0M
YoY Change 59.88% -20.2%
Other Assets $203.0M $280.0M
YoY Change -27.5% -88.23%
Total Long-Term Assets $5.478B $4.749B
YoY Change 15.35% -10.87%
TOTAL ASSETS
Total Short-Term Assets $6.580B $7.271B
Total Long-Term Assets $5.478B $4.749B
Total Assets $12.06B $12.02B
YoY Change 0.32% -22.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $633.0M $646.0M
YoY Change -2.01% 3.36%
Accrued Expenses $2.203B $2.475B
YoY Change -10.99% 636.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $4.000M
YoY Change 0.0% -99.34%
Total Short-Term Liabilities $2.840B $3.125B
YoY Change -9.12% -24.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.458B $1.860B
YoY Change 32.15% 20.16%
Other Long-Term Liabilities $4.055B $3.138B
YoY Change 29.22% 1.42%
Total Long-Term Liabilities $6.513B $4.998B
YoY Change 30.31% 7.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.840B $3.125B
Total Long-Term Liabilities $6.513B $4.998B
Total Liabilities $9.353B $8.123B
YoY Change 15.14% -8.3%
SHAREHOLDERS EQUITY
Retained Earnings $2.162B $1.361B
YoY Change 58.85%
Common Stock $3.786B $5.164B
YoY Change -26.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.676B $3.872B
YoY Change
Total Liabilities & Shareholders Equity $12.06B $12.02B
YoY Change 0.32% -22.93%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $307.0M $206.0M
YoY Change 49.03% -40.97%
Depreciation, Depletion And Amortization $39.00M $39.00M
YoY Change 0.0% -2.5%
Cash From Operating Activities $151.0M $182.0M
YoY Change -17.03% -668.75%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M -$39.00M
YoY Change -20.51% 18.18%
Acquisitions
YoY Change
Other Investing Activities $606.0M $195.0M
YoY Change 210.77% 248.21%
Cash From Investing Activities $575.0M $156.0M
YoY Change 268.59% 578.26%
FINANCING ACTIVITIES
Cash Dividend Paid $63.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -484.0M -356.0M
YoY Change 35.96% -36.2%
NET CHANGE
Cash From Operating Activities 151.0M 182.0M
Cash From Investing Activities 575.0M 156.0M
Cash From Financing Activities -484.0M -356.0M
Net Change In Cash 242.0M -18.00M
YoY Change -1444.44% -96.83%
FREE CASH FLOW
Cash From Operating Activities $151.0M $182.0M
Capital Expenditures -$31.00M -$39.00M
Free Cash Flow $182.0M $221.0M
YoY Change -17.65% 22000.0%

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us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
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dei Entity Filer Category
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dei Entity Registrant Name
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