2013 Form 10-K Financial Statement
#000112019314000002 Filed on February 24, 2014
Income Statement
| Concept | 2013 | 2012 Q4 | 2012 |
|---|---|---|---|
| Revenue | $3.211B | $755.0M | $3.119B |
| YoY Change | 2.95% | -8.93% | -9.07% |
| Cost Of Revenue | $1.316B | $334.0M | $1.456B |
| YoY Change | -9.62% | -19.71% | -16.7% |
| Gross Profit | $1.895B | $421.0M | $1.663B |
| YoY Change | 13.95% | 1.94% | -1.13% |
| Gross Profit Margin | 59.02% | 55.76% | 53.32% |
| Selling, General & Admin | $1.054B | $208.0M | $832.0M |
| YoY Change | 26.68% | -6.31% | -1.77% |
| % of Gross Profit | 55.62% | 49.41% | 50.03% |
| Research & Development | $60.00M | ||
| YoY Change | -7.69% | ||
| % of Gross Profit | 3.61% | ||
| Depreciation & Amortization | $122.0M | $27.00M | $52.00M |
| YoY Change | 134.62% | -3.57% | -3.7% |
| % of Gross Profit | 6.44% | 6.41% | 3.13% |
| Operating Expenses | $1.176B | $235.0M | $973.0M |
| YoY Change | 20.86% | -6.0% | -1.32% |
| Operating Profit | $688.0M | $186.0M | $690.0M |
| YoY Change | -0.29% | 14.11% | -0.86% |
| Interest Expense | -$74.00M | -$21.00M | $97.00M |
| YoY Change | -176.29% | -12.5% | -18.49% |
| % of Operating Profit | -10.76% | -11.29% | 14.06% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $600.0M | $153.0M | $548.0M |
| YoY Change | 9.49% | 27.5% | -4.36% |
| Income Tax | $216.0M | $68.00M | $199.0M |
| % Of Pretax Income | 36.0% | 44.44% | 36.31% |
| Net Earnings | $385.0M | $86.00M | $352.0M |
| YoY Change | 9.38% | 6.17% | -9.04% |
| Net Earnings / Revenue | 11.99% | 11.39% | 11.29% |
| Basic Earnings Per Share | $2.09 | ||
| Diluted Earnings Per Share | $2.248M | $506.5K | $2.04 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 166.9M | 164.9M shares | 168.3M |
| Diluted Shares Outstanding | 172.6M shares |
Balance Sheet
| Concept | 2013 | 2012 Q4 | 2012 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $587.0M | $720.0M | $720.0M |
| YoY Change | -18.47% | -8.28% | -8.28% |
| Cash & Equivalents | $398.0M | $497.0M | $497.0M |
| Short-Term Investments | $189.0M | $223.0M | $223.0M |
| Other Short-Term Assets | $2.183B | $112.0M | $439.0M |
| YoY Change | 397.27% | 1.82% | -92.0% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $393.0M | $333.0M | $333.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $3.163B | $1.492B | $1.492B |
| YoY Change | 112.0% | -77.33% | -77.33% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $268.0M | $211.0M | $211.0M |
| YoY Change | 27.01% | 9.33% | 9.33% |
| Goodwill | $5.335B | ||
| YoY Change | 5.41% | ||
| Intangibles | $1.650B | ||
| YoY Change | 0.12% | ||
| Long-Term Investments | $30.00M | $50.00M | $50.00M |
| YoY Change | -40.0% | 85.19% | 85.19% |
| Other Assets | $544.0M | $125.0M | $394.0M |
| YoY Change | 38.07% | 5.04% | -32.19% |
| Total Long-Term Assets | $9.414B | $7.640B | $7.640B |
| YoY Change | 23.22% | 1.73% | 1.73% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.163B | $1.492B | $1.492B |
| Total Long-Term Assets | $9.414B | $7.640B | $7.640B |
| Total Assets | $12.58B | $9.132B | $9.132B |
| YoY Change | 37.72% | -35.19% | -35.19% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $82.00M | $97.00M | $97.00M |
| YoY Change | -15.46% | -8.49% | -8.49% |
| Accrued Expenses | $154.0M | $111.0M | $111.0M |
| YoY Change | 38.74% | -15.91% | -15.91% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $45.00M | $45.00M | $136.0M |
| YoY Change | -66.91% | 0.0% | 202.22% |
| Total Short-Term Liabilities | $2.800B | $927.0M | $1.018B |
| YoY Change | 175.05% | -84.65% | -83.14% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.589B | $1.931B | $1.840B |
| YoY Change | 40.71% | -6.81% | -11.2% |
| Other Long-Term Liabilities | $296.0M | $196.0M | $352.0M |
| YoY Change | -15.91% | 14.62% | 8.31% |
| Total Long-Term Liabilities | $2.885B | $2.127B | $2.192B |
| YoY Change | 31.61% | -5.17% | -8.55% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.800B | $927.0M | $1.018B |
| Total Long-Term Liabilities | $2.885B | $2.127B | $2.192B |
| Total Liabilities | $6.393B | $3.923B | $3.924B |
| YoY Change | 62.92% | -56.91% | -56.95% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.678B | ||
| YoY Change | 12.0% | ||
| Common Stock | $2.000M | ||
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $1.058B | ||
| YoY Change | 23.02% | ||
| Treasury Stock Shares | 47.82M shares | ||
| Shareholders Equity | $6.184B | $5.208B | $5.208B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $12.58B | $9.132B | $9.132B |
| YoY Change | 37.72% | -35.19% | -35.19% |
Cashflow Statement
| Concept | 2013 | 2012 Q4 | 2012 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $385.0M | $86.00M | $352.0M |
| YoY Change | 9.38% | 6.17% | -9.04% |
| Depreciation, Depletion And Amortization | $122.0M | $27.00M | $52.00M |
| YoY Change | 134.62% | -3.57% | -3.7% |
| Cash From Operating Activities | $574.0M | $232.0M | $594.0M |
| YoY Change | -3.37% | -0.43% | -11.21% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$115.0M | -$24.00M | $87.00M |
| YoY Change | -232.18% | -35.14% | -1.14% |
| Acquisitions | $112.0M | ||
| YoY Change | 330.77% | ||
| Other Investing Activities | -$1.101B | -$77.00M | -$41.00M |
| YoY Change | 2585.37% | 492.31% | -29.31% |
| Cash From Investing Activities | -$1.216B | -$101.0M | -$128.0M |
| YoY Change | 850.0% | 102.0% | -12.33% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | -$65.00M | ||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $278.0M | ||
| YoY Change | 208.89% | ||
| Debt Paid & Issued, Net | $145.0M | ||
| YoY Change | -84.7% | ||
| Cash From Financing Activities | 547.0M | -76.00M | -485.0M |
| YoY Change | -212.78% | -65.45% | 49.23% |
| NET CHANGE | |||
| Cash From Operating Activities | 574.0M | 232.0M | 594.0M |
| Cash From Investing Activities | -1.216B | -101.0M | -128.0M |
| Cash From Financing Activities | 547.0M | -76.00M | -485.0M |
| Net Change In Cash | -95.00M | 55.00M | -19.00M |
| YoY Change | 400.0% | -248.65% | -109.6% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $574.0M | $232.0M | $594.0M |
| Capital Expenditures | -$115.0M | -$24.00M | $87.00M |
| Free Cash Flow | $689.0M | $256.0M | $507.0M |
| YoY Change | 35.9% | -5.19% | -12.74% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q4 | ndaq |
Default Fund Investments
DefaultFundInvestments
|
175000000 | |
| CY2013Q4 | ndaq |
Default Fund Investments
DefaultFundInvestments
|
1867000000 | |
| CY2011Q4 | us-gaap |
Assets
Assets
|
14091000000 | |
| CY2012Q4 | us-gaap |
Assets
Assets
|
9132000000 | |
| CY2013Q4 | us-gaap |
Assets
Assets
|
12577000000 | |
| CY2013 | us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
364277 | |
| CY2012 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
353000000 | |
| CY2013 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
547000000 | |
| CY2012 | us-gaap |
Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
|
346000000 | |
| CY2013 | us-gaap |
Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
|
554000000 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.332 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.363 | |
| CY2013 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.360 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.005 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.023 | |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.006 | |
| CY2011 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
34482 | |
| CY2012 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
15640 | |
| CY2012Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
223000000 | |
| CY2013Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
162000000 | |
| CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
696000000 | |
| CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
690000000 | |
| CY2013 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
688000000 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
1267430 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
25.28 | |
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
176331819 | |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
168254653 | |
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
166932103 |
