2013 Q1 Form 10-Q Financial Statement

#000119312513203304 Filed on May 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $1.291B $6.957B
YoY Change -81.44% 10.93%
Cost Of Revenue $337.2M $6.003B
YoY Change -94.38% 10.73%
Gross Profit $953.7M $954.0M
YoY Change -0.03% 12.17%
Gross Profit Margin 73.88% 13.71%
Selling, General & Admin $81.47M $88.16M
YoY Change -7.59% 26.55%
% of Gross Profit 8.54% 9.24%
Research & Development $108.5M $52.90M
YoY Change 105.1% -45.07%
% of Gross Profit 11.38% 5.55%
Depreciation & Amortization $363.1M $332.6M
YoY Change 9.19% 26.1%
% of Gross Profit 38.08% 34.86%
Operating Expenses $81.47M $88.16M
YoY Change -7.59% 26.55%
Operating Profit $872.2M $865.8M
YoY Change 0.74% 10.89%
Interest Expense $27.03M $11.74M
YoY Change 130.24% 0.17%
% of Operating Profit 3.1% 1.36%
Other Income/Expense, Net $0.00 $2.985M
YoY Change -100.0%
Pretax Income $360.0M $471.6M
YoY Change -23.66% 19.94%
Income Tax $177.3M $184.2M
% Of Pretax Income 49.26% 39.06%
Net Earnings $360.6M $290.1M
YoY Change 24.3% 7.88%
Net Earnings / Revenue 27.93% 4.17%
Basic Earnings Per Share $1.89 $1.50
Diluted Earnings Per Share $1.88 $1.49
COMMON SHARES
Basic Shares Outstanding 190.8M shares 193.9M shares
Diluted Shares Outstanding 191.8M shares 194.9M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.333B $1.431B
YoY Change -6.85% 24.87%
Cash & Equivalents $1.117B $936.6M
Short-Term Investments $216.0M $494.0M
Other Short-Term Assets $460.0M $227.0M
YoY Change 102.64% 36.75%
Inventory $630.0M $662.0M
Prepaid Expenses $390.2M $144.9M
Receivables $1.676B $1.485B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.099B $3.805B
YoY Change 7.73% -2.97%
LONG-TERM ASSETS
Property, Plant & Equipment $13.42B $10.92B
YoY Change 22.87% 2.47%
Goodwill $42.03M $42.82M
YoY Change -1.84%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $141.2M $166.6M
YoY Change -15.26% -35.69%
Total Long-Term Assets $13.65B $11.13B
YoY Change 22.64% 1.54%
TOTAL ASSETS
Total Short-Term Assets $4.099B $3.805B
Total Long-Term Assets $13.65B $11.13B
Total Assets $17.75B $14.94B
YoY Change 18.84% 0.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.890B $2.651B
YoY Change 9.02% -5.49%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $46.00K $350.0M
YoY Change -99.99%
Total Short-Term Liabilities $3.272B $3.246B
YoY Change 0.81% 2.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.507B $249.6M
YoY Change 904.67% -74.38%
Other Long-Term Liabilities $503.1M $426.5M
YoY Change 17.96% -55.8%
Total Long-Term Liabilities $3.010B $676.1M
YoY Change 345.27% -65.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.272B $3.246B
Total Long-Term Liabilities $3.010B $676.1M
Total Liabilities $6.283B $3.922B
YoY Change 60.19% -38.27%
SHAREHOLDERS EQUITY
Retained Earnings $8.018B $7.698B
YoY Change 4.17%
Common Stock $194.7M $194.3M
YoY Change 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $235.9M $4.636M
YoY Change 4988.93%
Treasury Stock Shares 3.710M shares 177.9K shares
Shareholders Equity $9.138B $9.119B
YoY Change
Total Liabilities & Shareholders Equity $17.75B $14.94B
YoY Change 18.84% 0.36%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $360.6M $290.1M
YoY Change 24.3% 7.88%
Depreciation, Depletion And Amortization $363.1M $332.6M
YoY Change 9.19% 26.1%
Cash From Operating Activities $921.1M $991.0M
YoY Change -7.05% 89.52%
INVESTING ACTIVITIES
Capital Expenditures -$965.4M $567.3M
YoY Change -270.19% 11.47%
Acquisitions
YoY Change
Other Investing Activities -$2.122M -$3.889M
YoY Change -45.44% 74.39%
Cash From Investing Activities -$933.9M -$525.5M
YoY Change 77.72% 44.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 196.2M -51.26M
YoY Change -482.7% 240.39%
NET CHANGE
Cash From Operating Activities 921.1M 991.0M
Cash From Investing Activities -933.9M -525.5M
Cash From Financing Activities 196.2M -51.26M
Net Change In Cash 183.4M 414.2M
YoY Change -55.74% 185.08%
FREE CASH FLOW
Cash From Operating Activities $921.1M $991.0M
Capital Expenditures -$965.4M $567.3M
Free Cash Flow $1.887B $423.7M
YoY Change 345.21% 2922.41%

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