2012 Q2 Form 10-Q Financial Statement

#000144530512002256 Filed on July 25, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q3
Revenue $1.537B $1.984B
YoY Change -16.19% -59.43%
Cost Of Revenue $771.0M $977.0M
YoY Change -15.27% -68.59%
Gross Profit $766.0M $1.007B
YoY Change -17.1% -43.43%
Gross Profit Margin 49.84% 50.76%
Selling, General & Admin $371.0M $482.0M
YoY Change -19.52% -40.49%
% of Gross Profit 48.43% 47.86%
Research & Development $198.0M $260.0M
YoY Change -17.15% -59.18%
% of Gross Profit 25.85% 25.82%
Depreciation & Amortization $48.00M $40.00M
YoY Change -47.25% -52.94%
% of Gross Profit 6.27% 3.97%
Operating Expenses $569.0M $742.0M
YoY Change -18.71% -48.72%
Operating Profit $190.0M $159.0M
YoY Change 12.43% -29.33%
Interest Expense $25.00M $40.00M
YoY Change -26.47% -500.0%
% of Operating Profit 13.16% 25.16%
Other Income/Expense, Net -$38.00M -$98.00M
YoY Change -1366.67% 9700.0%
Pretax Income $240.0M $61.00M
YoY Change 39.53% 771.43%
Income Tax $63.00M $13.00M
% Of Pretax Income 26.25% 21.31%
Net Earnings $182.0M $349.0M
YoY Change -63.38% 115.43%
Net Earnings / Revenue 11.84% 17.59%
Basic Earnings Per Share $0.63 $1.02
Diluted Earnings Per Share $0.61 $1.00
COMMON SHARES
Basic Shares Outstanding 290.6M shares 341.2M shares
Diluted Shares Outstanding 296.1M shares 348.5M shares

Balance Sheet

Concept 2012 Q2 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.705B $6.627B
YoY Change -40.42% -19.49%
Cash & Equivalents $1.772B $2.203B
Short-Term Investments $1.933B $4.424B
Other Short-Term Assets $761.0M $992.0M
YoY Change -64.37% -38.99%
Inventory $488.0M $836.0M
Prepaid Expenses
Receivables $1.590B $1.709B
Other Receivables $82.00M $105.0M
Total Short-Term Assets $7.223B $10.27B
YoY Change -33.5% -35.87%
LONG-TERM ASSETS
Property, Plant & Equipment $857.0M $899.0M
YoY Change -6.34% -54.32%
Goodwill $1.430B
YoY Change
Intangibles
YoY Change
Long-Term Investments $200.0M $203.0M
YoY Change 2.56% -52.46%
Other Assets $293.0M $2.379B
YoY Change -89.05% -13.08%
Total Long-Term Assets $4.970B $5.328B
YoY Change -12.79% -39.44%
TOTAL ASSETS
Total Short-Term Assets $7.223B $10.27B
Total Long-Term Assets $4.970B $5.328B
Total Assets $12.19B $15.60B
YoY Change -26.37% -37.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $637.0M $625.0M
YoY Change 13.75% -73.24%
Accrued Expenses $2.349B $336.0M
YoY Change 348.28% -84.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $606.0M
YoY Change -99.34% 14.12%
Total Short-Term Liabilities $2.990B $4.131B
YoY Change -39.03% -47.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.861B $1.548B
YoY Change -11.08% -46.75%
Other Long-Term Liabilities $3.469B $3.094B
YoY Change 9.88% -16.89%
Total Long-Term Liabilities $5.330B $4.642B
YoY Change 1.52% -29.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.990B $4.131B
Total Long-Term Liabilities $5.330B $4.642B
Total Liabilities $8.320B $8.858B
YoY Change -18.83% -39.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.228B
YoY Change
Common Stock $5.413B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.848B $6.739B
YoY Change
Total Liabilities & Shareholders Equity $12.19B $15.60B
YoY Change -26.37% -37.14%

Cashflow Statement

Concept 2012 Q2 2011 Q3
OPERATING ACTIVITIES
Net Income $182.0M $349.0M
YoY Change -63.38% 115.43%
Depreciation, Depletion And Amortization $48.00M $40.00M
YoY Change -47.25% -52.94%
Cash From Operating Activities $253.0M -$32.00M
YoY Change 8.58% -111.64%
INVESTING ACTIVITIES
Capital Expenditures -$52.00M -$33.00M
YoY Change 92.59% -10.81%
Acquisitions
YoY Change
Other Investing Activities $86.00M $56.00M
YoY Change -93.32% 100.0%
Cash From Investing Activities $34.00M $23.00M
YoY Change -97.32% -355.56%
FINANCING ACTIVITIES
Cash Dividend Paid $64.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -195.0M -558.0M
YoY Change -93.32% 17.23%
NET CHANGE
Cash From Operating Activities 253.0M -32.00M
Cash From Investing Activities 34.00M 23.00M
Cash From Financing Activities -195.0M -558.0M
Net Change In Cash 92.00M -567.0M
YoY Change -106.47% 170.0%
FREE CASH FLOW
Cash From Operating Activities $253.0M -$32.00M
Capital Expenditures -$52.00M -$33.00M
Free Cash Flow $305.0M $1.000M
YoY Change 17.31% -99.68%

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us-gaap Gross Profit
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