2013 Q2 Form 10-Q Financial Statement

#000110465913038884 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $10.30B $10.62B $9.218B
YoY Change 5.2% 15.21% 19.81%
Cost Of Revenue $9.731B $9.777B $8.751B
YoY Change 6.37% 11.72% 20.27%
Gross Profit $485.0M $748.0M $380.0M
YoY Change -12.93% 96.84% -9.09%
Gross Profit Margin 4.71% 7.04% 4.12%
Selling, General & Admin $91.00M $106.0M $94.00M
YoY Change 2.25% 12.77% 34.29%
% of Gross Profit 18.76% 14.17% 24.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $91.00M $82.00M $60.00M
YoY Change 5.81% 36.67% -4.76%
% of Gross Profit 18.76% 10.96% 15.79%
Operating Expenses $181.0M $188.0M $154.0M
YoY Change 3.43% 22.08% 15.79%
Operating Profit $383.0M $655.0M $313.0M
YoY Change -17.1% 109.27% 9.82%
Interest Expense $75.00M $77.00M $65.00M
YoY Change 0.0% 18.46% -200.0%
% of Operating Profit 19.58% 11.76% 20.77%
Other Income/Expense, Net -$1.000M $0.00 $2.000M
YoY Change -100.0% -109.09%
Pretax Income $318.0M $589.0M $257.0M
YoY Change -19.7% 129.18% 29.8%
Income Tax $18.00M $53.00M $20.00M
% Of Pretax Income 5.66% 9.0% 7.78%
Net Earnings $292.0M $528.0M $230.0M
YoY Change -22.75% 129.57% 26.37%
Net Earnings / Revenue 2.84% 4.97% 2.5%
Basic Earnings Per Share
Diluted Earnings Per Share $832.4K $1.558M $727.8K
COMMON SHARES
Basic Shares Outstanding 339.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.00M $24.00M $14.00M
YoY Change 358.33% 71.43% -26.32%
Cash & Equivalents $16.00M $24.00M $14.00M
Short-Term Investments $39.00M
Other Short-Term Assets $430.0M $384.0M $171.0M
YoY Change 35.22% 124.56% 128.0%
Inventory $892.0M $1.031B $1.079B
Prepaid Expenses
Receivables $3.503B $3.701B $2.902B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.841B $5.140B $4.166B
YoY Change 3.53% 23.38% -9.57%
LONG-TERM ASSETS
Property, Plant & Equipment $10.18B $9.883B $8.552B
YoY Change 10.14% 15.56% 11.69%
Goodwill $2.503B $2.520B
YoY Change 18.51%
Intangibles
YoY Change
Long-Term Investments $442.0M $392.0M $192.0M
YoY Change 129.02% 104.17% -2.04%
Other Assets $543.0M $557.0M $1.778B
YoY Change 86.6% -68.67% 1226.87%
Total Long-Term Assets $14.58B $14.30B $12.92B
YoY Change 11.07% 10.72% 27.39%
TOTAL ASSETS
Total Short-Term Assets $4.841B $5.140B $4.166B
Total Long-Term Assets $14.58B $14.30B $12.92B
Total Assets $19.42B $19.44B $17.08B
YoY Change 9.09% 13.81% 15.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.734B $4.073B $3.489B
YoY Change 14.26% 16.74% 1.1%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $902.0M $689.0M $757.0M
YoY Change -9.53% -8.98% 59.7%
Total Short-Term Liabilities $4.924B $5.022B $4.442B
YoY Change 2.29% 13.06% 9.65%
LONG-TERM LIABILITIES
Long-Term Debt $6.313B $6.331B $5.794B
YoY Change 8.98% 9.27% 16.44%
Other Long-Term Liabilities $558.0M $598.0M $332.0M
YoY Change 0.72% 80.12% 10.67%
Total Long-Term Liabilities $6.871B $6.929B $6.126B
YoY Change 8.26% 13.11% 16.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.924B $5.022B $4.442B
Total Long-Term Liabilities $6.871B $6.929B $6.126B
Total Liabilities $11.80B $11.95B $11.08B
YoY Change 1.06% 7.82% 12.38%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.098B $6.985B $5.997B
YoY Change
Total Liabilities & Shareholders Equity $19.42B $19.44B $17.08B
YoY Change 9.09% 13.81% 15.84%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $292.0M $528.0M $230.0M
YoY Change -22.75% 129.57% 26.37%
Depreciation, Depletion And Amortization $91.00M $82.00M $60.00M
YoY Change 5.81% 36.67% -4.76%
Cash From Operating Activities $358.0M $979.0M $317.0M
YoY Change 1054.84% 208.83% -51.53%
INVESTING ACTIVITIES
Capital Expenditures -$433.0M $363.0M -$280.0M
YoY Change 47.78% -229.64% 174.51%
Acquisitions $31.00M $21.00M
YoY Change 47.62%
Other Investing Activities -$55.00M -$68.00M -$1.610B
YoY Change -137.93% -95.78% 117.57%
Cash From Investing Activities -$488.0M -$444.0M -$1.890B
YoY Change 229.73% -76.51% 124.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 125.0M -535.0M 1.560B
YoY Change 5.93% -134.29% 812.28%
NET CHANGE
Cash From Operating Activities 358.0M 979.0M 317.0M
Cash From Investing Activities -488.0M -444.0M -1.890B
Cash From Financing Activities 125.0M -535.0M 1.560B
Net Change In Cash -5.000M 0.000 -13.00M
YoY Change -600.0% -100.0% -23.53%
FREE CASH FLOW
Cash From Operating Activities $358.0M $979.0M $317.0M
Capital Expenditures -$433.0M $363.0M -$280.0M
Free Cash Flow $791.0M $616.0M $597.0M
YoY Change 144.14% 3.18% -21.03%

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