2015 Q1 Form 10-Q Financial Statement

#000002998915000007 Filed on April 21, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $3.469B $3.502B
YoY Change -0.94% 3.04%
Cost Of Revenue $2.915B $2.623B
YoY Change 11.15% 3.22%
Gross Profit $554.0M $879.3M
YoY Change -37.0% 2.49%
Gross Profit Margin 15.97% 25.11%
Selling, General & Admin $102.1M $489.6M
YoY Change -79.15% 0.7%
% of Gross Profit 18.43% 55.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.90M $46.50M
YoY Change 0.86% 1.75%
% of Gross Profit 8.47% 5.29%
Operating Expenses $3.092B $3.120B
YoY Change -0.9% 3.05%
Operating Profit $377.7M $382.7M
YoY Change -1.31% 2.96%
Interest Expense $43.60M $47.70M
YoY Change -8.6% -2.65%
% of Operating Profit 11.54% 12.46%
Other Income/Expense, Net
YoY Change
Pretax Income $343.5M $343.7M
YoY Change -0.06% 3.9%
Income Tax $112.7M $116.3M
% Of Pretax Income 32.81% 33.84%
Net Earnings $209.1M $205.5M
YoY Change 1.75% 0.2%
Net Earnings / Revenue 6.03% 5.87%
Basic Earnings Per Share $0.84 $0.78
Diluted Earnings Per Share $0.83 $0.77
COMMON SHARES
Basic Shares Outstanding 246.4M shares 259.1M shares
Diluted Shares Outstanding 247.4M shares 261.4M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.532B $2.089B
YoY Change -26.66% -0.05%
Cash & Equivalents $1.527B $2.082B
Short-Term Investments $6.000M $7.000M
Other Short-Term Assets $1.122B $992.3M
YoY Change 13.08% -1.64%
Inventory $1.410B $1.489B
Prepaid Expenses
Receivables $5.840B $6.007B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.905B $10.58B
YoY Change -6.35% -0.23%
LONG-TERM ASSETS
Property, Plant & Equipment $681.5M $732.0M
YoY Change -6.9% 3.39%
Goodwill $8.640B $8.987B
YoY Change -3.86% 3.13%
Intangibles $367.2M $384.7M
YoY Change -4.55% -11.54%
Long-Term Investments $142.2M $133.5M
YoY Change 6.52% -13.54%
Other Assets $335.4M $274.4M
YoY Change 22.23% -7.27%
Total Long-Term Assets $10.17B $10.51B
YoY Change -3.28% 1.98%
TOTAL ASSETS
Total Short-Term Assets $9.905B $10.58B
Total Long-Term Assets $10.17B $10.51B
Total Assets $20.07B $21.09B
YoY Change -4.82% 0.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.850B $7.403B
YoY Change 6.04% 1.49%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $9.600M $7.500M
YoY Change 28.0% -35.34%
Long-Term Debt Due $300.0K $253.1M
YoY Change -99.88% 63175.0%
Total Short-Term Liabilities $11.02B $11.45B
YoY Change -3.73% 4.61%
LONG-TERM LIABILITIES
Long-Term Debt $4.594B $3.779B
YoY Change 21.57% -15.0%
Other Long-Term Liabilities $802.6M $713.0M
YoY Change 12.57% -1.67%
Total Long-Term Liabilities $802.6M $713.0M
YoY Change 12.57% -1.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.02B $11.45B
Total Long-Term Liabilities $802.6M $713.0M
Total Liabilities $11.82B $12.16B
YoY Change -2.78% 4.22%
SHAREHOLDERS EQUITY
Retained Earnings $9.662B $9.061B
YoY Change 6.63% 6.69%
Common Stock $911.6M $907.4M
YoY Change 0.46% 0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.247B $6.080B
YoY Change 19.2% 2.64%
Treasury Stock Shares
Shareholders Equity $2.390B $3.719B
YoY Change
Total Liabilities & Shareholders Equity $20.07B $21.09B
YoY Change -4.82% 0.86%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $209.1M $205.5M
YoY Change 1.75% 0.2%
Depreciation, Depletion And Amortization $46.90M $46.50M
YoY Change 0.86% 1.75%
Cash From Operating Activities -$238.0M -$430.3M
YoY Change -44.69% 105.2%
INVESTING ACTIVITIES
Capital Expenditures $38.20M $42.50M
YoY Change -10.12% 11.26%
Acquisitions
YoY Change
Other Investing Activities $3.900M $0.00
YoY Change -100.0%
Cash From Investing Activities -$64.90M -$42.50M
YoY Change 52.71% 16.76%
FINANCING ACTIVITIES
Cash Dividend Paid $126.2M $105.9M
YoY Change 19.17%
Common Stock Issuance & Retirement, Net $270.7M $22.10M
YoY Change 1124.89% -91.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$418.5M -$156.9M
YoY Change 166.73% -44.81%
NET CHANGE
Cash From Operating Activities -$238.0M -$430.3M
Cash From Investing Activities -$64.90M -$42.50M
Cash From Financing Activities -$418.5M -$156.9M
Net Change In Cash -$721.4M -$629.7M
YoY Change 14.56% 18.72%
FREE CASH FLOW
Cash From Operating Activities -$238.0M -$430.3M
Capital Expenditures $38.20M $42.50M
Free Cash Flow -$276.2M -$472.8M
YoY Change -41.58% 90.72%

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CY2015Q1 us-gaap Unrecognized Tax Benefits
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CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2300000 shares
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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