2014 Q1 Form 10-Q Financial Statement

#000119312514158041 Filed on April 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $1.764B $2.188B
YoY Change -19.38% -19.14%
Cost Of Revenue $1.083B $1.044B
YoY Change 3.74% 2.65%
Gross Profit $363.0M $846.0M
YoY Change -57.09% -40.38%
Gross Profit Margin 20.58% 38.67%
Selling, General & Admin $65.00M $74.00M
YoY Change -12.16% 5.71%
% of Gross Profit 17.91% 8.75%
Research & Development $42.00M $52.00M
YoY Change -19.23% -49.02%
% of Gross Profit 11.57% 6.15%
Depreciation & Amortization $298.0M $267.0M
YoY Change 11.61% 15.58%
% of Gross Profit 82.09% 31.56%
Operating Expenses $42.00M $52.00M
YoY Change -19.23% -49.02%
Operating Profit $321.0M $794.0M
YoY Change -59.57% -39.71%
Interest Expense -$93.00M $65.00M
YoY Change -243.08% 25.0%
% of Operating Profit -28.97% 8.19%
Other Income/Expense, Net -$47.00M -$39.00M
YoY Change 20.51% 105.26%
Pretax Income $143.0M $540.0M
YoY Change -73.52% -47.88%
Income Tax $78.00M $180.0M
% Of Pretax Income 54.55% 33.33%
Net Earnings $100.0M $314.0M
YoY Change -68.15% -35.66%
Net Earnings / Revenue 5.67% 14.35%
Basic Earnings Per Share $0.20 $0.63
Diluted Earnings Per Share $0.20 $0.63
COMMON SHARES
Basic Shares Outstanding 498.0M 497.0M
Diluted Shares Outstanding 499.0M 498.0M

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.558B $1.453B
YoY Change 7.23% -47.94%
Cash & Equivalents $1.475B $1.378B
Short-Term Investments $83.00M $75.00M
Other Short-Term Assets $1.351B $1.309B
YoY Change 3.21% 48.08%
Inventory $814.0M $846.0M
Prepaid Expenses
Receivables $206.0M $212.0M
Other Receivables $319.0M $553.0M
Total Short-Term Assets $5.247B $5.626B
YoY Change -6.74% -7.65%
LONG-TERM ASSETS
Property, Plant & Equipment $14.14B $18.15B
YoY Change -22.11% 10.92%
Goodwill $132.0M $188.0M
YoY Change -29.79% 0.0%
Intangibles $117.0M $138.0M
YoY Change -15.22% -4.17%
Long-Term Investments $393.0M $1.361B
YoY Change -71.12% -7.98%
Other Assets $881.0M $888.0M
YoY Change -0.79% -1.77%
Total Long-Term Assets $19.55B $23.83B
YoY Change -17.94% 4.18%
TOTAL ASSETS
Total Short-Term Assets $5.247B $5.626B
Total Long-Term Assets $19.55B $23.83B
Total Assets $24.80B $29.45B
YoY Change -15.8% 1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $463.0M $590.0M
YoY Change -21.53% 18.71%
Accrued Expenses $156.0M $261.0M
YoY Change -40.23% 1.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $615.0M $10.00M
YoY Change 6050.0% -85.51%
Total Short-Term Liabilities $2.884B $2.652B
YoY Change 8.75% 3.15%
LONG-TERM LIABILITIES
Long-Term Debt $6.146B $6.379B
YoY Change -3.65% 4.9%
Other Long-Term Liabilities $339.0M $370.0M
YoY Change -8.38% -6.8%
Total Long-Term Liabilities $6.485B $6.749B
YoY Change -3.91% 4.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.884B $2.652B
Total Long-Term Liabilities $6.485B $6.749B
Total Liabilities $11.92B $12.33B
YoY Change -3.32% -4.42%
SHAREHOLDERS EQUITY
Retained Earnings $968.0M $4.270B
YoY Change -77.33% 26.74%
Common Stock $798.0M $788.0M
YoY Change 1.27% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.02B $13.89B
YoY Change
Total Liabilities & Shareholders Equity $24.80B $29.45B
YoY Change -15.8% 1.69%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $100.0M $314.0M
YoY Change -68.15% -35.66%
Depreciation, Depletion And Amortization $298.0M $267.0M
YoY Change 11.61% 15.58%
Cash From Operating Activities $180.0M $433.0M
YoY Change -58.43% -28.9%
INVESTING ACTIVITIES
Capital Expenditures -$235.0M -$510.0M
YoY Change -53.92% -26.72%
Acquisitions $28.00M $8.000M
YoY Change 250.0% -27.27%
Other Investing Activities $9.000M $14.00M
YoY Change -35.71% -17.65%
Cash From Investing Activities -$178.0M -$507.0M
YoY Change -64.89% -40.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change -50.0%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -80.00M -$105.0M
YoY Change -23.81% -109.6%
NET CHANGE
Cash From Operating Activities 180.0M 433.0M
Cash From Investing Activities -178.0M -$507.0M
Cash From Financing Activities -80.00M -$105.0M
Net Change In Cash 180.0M -179.0M
YoY Change -200.56% -121.11%
FREE CASH FLOW
Cash From Operating Activities $180.0M $433.0M
Capital Expenditures -$235.0M -$510.0M
Free Cash Flow $415.0M $943.0M
YoY Change -55.99% -27.74%

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CY2014Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014Q1 us-gaap Mineral Extraction Processing And Marketing Costs
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CY2014Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2014Q1 us-gaap Property Plant And Equipment Additions
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CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2014Q1 us-gaap Asset Retirement Obligation Accretion Expense
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CY2014Q1 us-gaap Income Tax Reconciliation Other Adjustments
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CY2014Q1 us-gaap Income Tax Expense Benefit
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CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014Q1 nem Advance Projects And Exploration Expense
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CY2014Q1 nem Community Development
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CY2014Q1 nem Developing Projects Income Net
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CY2014Q1 nem Dues Expense
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CY2014Q1 nem Effective Income Tax Rate Reconciliation Disallowed Loss On Sale Of Operation
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CY2014Q1 nem Other Income Other
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CY2014Q1 nem Pension Liability Adjustments Gross Of Tax
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CY2014Q1 nem Power Plant Costs Net
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CY2014Q1 nem Reconciliation Foreign Earnings Net Of Credits
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CY2014Q1 nem Refinery Income
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CY2014Q1 nem Unrealized Gain On Marketable Securities Gross Of Tax
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CY2014Q1 nem Disallowed Loss On Sale Of Operation
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