2015 Q2 Form 10-Q Financial Statement

#000002998915000010 Filed on July 21, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $3.805B $3.871B
YoY Change -1.69% 6.43%
Cost Of Revenue $3.084B $2.795B
YoY Change 10.35% 7.53%
Gross Profit $721.4M $1.076B
YoY Change -32.97% 3.67%
Gross Profit Margin 18.96% 27.8%
Selling, General & Admin $110.1M $527.9M
YoY Change -79.14% 2.47%
% of Gross Profit 15.26% 49.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.80M $72.40M
YoY Change 0.55% 2.26%
% of Gross Profit 10.09% 6.73%
Operating Expenses $3.267B $3.323B
YoY Change -1.68% 6.7%
Operating Profit $538.6M $548.4M
YoY Change -1.79% 4.86%
Interest Expense $44.70M $45.50M
YoY Change -1.76% -7.52%
% of Operating Profit 8.3% 8.3%
Other Income/Expense, Net
YoY Change
Pretax Income $504.0M $514.7M
YoY Change -2.08% 6.72%
Income Tax $165.3M $160.3M
% Of Pretax Income 32.8% 31.14%
Net Earnings $313.9M $325.2M
YoY Change -3.47% 12.33%
Net Earnings / Revenue 8.25% 8.4%
Basic Earnings Per Share $1.27 $1.24
Diluted Earnings Per Share $1.26 $1.23
COMMON SHARES
Basic Shares Outstanding 244.5M shares 256.2M shares
Diluted Shares Outstanding 245.7M shares 258.2M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.362B $1.545B
YoY Change -11.84% 9.19%
Cash & Equivalents $1.356B $1.535B
Short-Term Investments $6.000M $10.00M
Other Short-Term Assets $1.125B $1.040B
YoY Change 8.23% 6.26%
Inventory $1.511B $1.463B
Prepaid Expenses
Receivables $6.502B $6.499B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.50B $10.55B
YoY Change -0.44% 2.51%
LONG-TERM ASSETS
Property, Plant & Equipment $706.6M $737.2M
YoY Change -4.15% 7.29%
Goodwill $8.766B $9.092B
YoY Change -3.59% 4.42%
Intangibles $358.8M $402.1M
YoY Change -10.77% -1.3%
Long-Term Investments $136.2M $155.9M
YoY Change -12.64% 5.77%
Other Assets $307.5M $285.3M
YoY Change 7.78% -0.66%
Total Long-Term Assets $10.28B $10.67B
YoY Change -3.73% 4.26%
TOTAL ASSETS
Total Short-Term Assets $10.50B $10.55B
Total Long-Term Assets $10.28B $10.67B
Total Assets $20.78B $21.22B
YoY Change -2.09% 3.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.622B $8.015B
YoY Change 7.57% 2.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $14.10M $24.70M
YoY Change -42.91% 92.97%
Long-Term Debt Due $1.005B $253.1M
YoY Change 297.12% 84266.67%
Total Short-Term Liabilities $12.55B $11.81B
YoY Change 6.25% 5.2%
LONG-TERM LIABILITIES
Long-Term Debt $3.548B $3.785B
YoY Change -6.26% -6.27%
Other Long-Term Liabilities $763.1M $733.7M
YoY Change 4.01% 6.41%
Total Long-Term Liabilities $763.1M $733.7M
YoY Change 4.01% 6.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.55B $11.81B
Total Long-Term Liabilities $763.1M $733.7M
Total Liabilities $13.31B $12.54B
YoY Change 6.11% 5.27%
SHAREHOLDERS EQUITY
Retained Earnings $9.852B $9.257B
YoY Change 6.43% 6.69%
Common Stock $925.5M $913.9M
YoY Change 1.27% 5.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.372B $6.618B
YoY Change 11.39% 8.71%
Treasury Stock Shares
Shareholders Equity $2.647B $3.456B
YoY Change
Total Liabilities & Shareholders Equity $20.78B $21.22B
YoY Change -2.09% 3.38%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $313.9M $325.2M
YoY Change -3.47% 12.33%
Depreciation, Depletion And Amortization $72.80M $72.40M
YoY Change 0.55% 2.26%
Cash From Operating Activities $186.0M $242.8M
YoY Change -23.39% -12.09%
INVESTING ACTIVITIES
Capital Expenditures -$68.50M -$49.00M
YoY Change 39.8% 59.09%
Acquisitions
YoY Change
Other Investing Activities $11.00M -$40.70M
YoY Change -127.03% 302.97%
Cash From Investing Activities -$57.50M -$89.70M
YoY Change -35.9% 119.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -347.4M -735.5M
YoY Change -52.77% -11.34%
NET CHANGE
Cash From Operating Activities 186.0M 242.8M
Cash From Investing Activities -57.50M -89.70M
Cash From Financing Activities -347.4M -735.5M
Net Change In Cash -218.9M -582.4M
YoY Change -62.41% -2.0%
FREE CASH FLOW
Cash From Operating Activities $186.0M $242.8M
Capital Expenditures -$68.50M -$49.00M
Free Cash Flow $254.5M $291.8M
YoY Change -12.78% -4.95%

Facts In Submission

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