2014 Q3 Form 10-Q Financial Statement

#000110465914058819 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $11.13B $11.20B $10.30B
YoY Change 3.96% 8.74% 5.2%
Cost Of Revenue $10.55B $10.64B $9.731B
YoY Change 3.06% 9.34% 6.37%
Gross Profit $530.0M $488.0M $485.0M
YoY Change 29.9% 0.62% -12.93%
Gross Profit Margin 4.76% 4.36% 4.71%
Selling, General & Admin $79.00M $90.00M $91.00M
YoY Change 0.0% -1.1% 2.25%
% of Gross Profit 14.91% 18.44% 18.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.00M $100.0M $91.00M
YoY Change 5.43% 9.89% 5.81%
% of Gross Profit 18.3% 20.49% 18.76%
Operating Expenses $175.0M $190.0M $181.0M
YoY Change 1.74% 4.97% 3.43%
Operating Profit $404.0M $365.0M $383.0M
YoY Change 36.49% -4.7% -17.1%
Interest Expense $85.00M $82.00M $75.00M
YoY Change 18.06% 9.33% 0.0%
% of Operating Profit 21.04% 22.47% 19.58%
Other Income/Expense, Net -$4.000M $4.000M -$1.000M
YoY Change -233.33% -500.0%
Pretax Income $344.0M $310.0M $318.0M
YoY Change 39.84% -2.52% -19.7%
Income Tax $20.00M $22.00M $18.00M
% Of Pretax Income 5.81% 7.1% 5.66%
Net Earnings $323.0M $287.0M $292.0M
YoY Change 39.83% -1.71% -22.75%
Net Earnings / Revenue 2.9% 2.56% 2.84%
Basic Earnings Per Share
Diluted Earnings Per Share $859.8K $757.3K $832.4K
COMMON SHARES
Basic Shares Outstanding 368.9M shares 363.9M shares 339.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.00M $27.00M $55.00M
YoY Change 3.03% -50.91% 358.33%
Cash & Equivalents $34.00M $27.00M $16.00M
Short-Term Investments $39.00M
Other Short-Term Assets $290.0M $315.0M $430.0M
YoY Change -17.61% -26.74% 35.22%
Inventory $1.314B $1.096B $892.0M
Prepaid Expenses
Receivables $3.522B $3.730B $3.503B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.160B $5.168B $4.841B
YoY Change 0.29% 6.75% 3.53%
LONG-TERM ASSETS
Property, Plant & Equipment $11.97B $11.61B $10.18B
YoY Change 12.8% 14.07% 10.14%
Goodwill $2.481B $2.502B $2.503B
YoY Change -1.51% -0.04% 18.51%
Intangibles
YoY Change
Long-Term Investments $582.0M $545.0M $442.0M
YoY Change 22.78% 23.3% 129.02%
Other Assets $476.0M $485.0M $543.0M
YoY Change -10.86% -10.68% 86.6%
Total Long-Term Assets $16.68B $16.33B $14.58B
YoY Change 10.28% 11.96% 11.07%
TOTAL ASSETS
Total Short-Term Assets $5.160B $5.168B $4.841B
Total Long-Term Assets $16.68B $16.33B $14.58B
Total Assets $21.84B $21.50B $19.42B
YoY Change 7.75% 10.66% 9.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.169B $4.301B $3.734B
YoY Change 2.96% 15.18% 14.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $976.0M $763.0M $902.0M
YoY Change 57.67% -15.41% -9.53%
Total Short-Term Liabilities $5.568B $5.423B $4.924B
YoY Change 11.12% 10.13% 2.29%
LONG-TERM LIABILITIES
Long-Term Debt $7.613B $7.414B $6.313B
YoY Change 8.48% 17.44% 8.98%
Other Long-Term Liabilities $526.0M $546.0M $558.0M
YoY Change -5.05% -2.15% 0.72%
Total Long-Term Liabilities $8.139B $7.960B $6.871B
YoY Change 7.49% 15.85% 8.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.568B $5.423B $4.924B
Total Long-Term Liabilities $8.139B $7.960B $6.871B
Total Liabilities $13.71B $13.38B $11.80B
YoY Change 8.93% 13.46% 1.06%
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 $8.071B $8.053B $7.098B
YoY Change
Total Liabilities & Shareholders Equity $21.84B $21.50B $19.42B
YoY Change 7.75% 10.66% 9.09%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $323.0M $287.0M $292.0M
YoY Change 39.83% -1.71% -22.75%
Depreciation, Depletion And Amortization $97.00M $100.0M $91.00M
YoY Change 5.43% 9.89% 5.81%
Cash From Operating Activities $315.0M $141.0M $358.0M
YoY Change 22.57% -60.61% 1054.84%
INVESTING ACTIVITIES
Capital Expenditures -$525.0M -$546.0M -$433.0M
YoY Change 11.94% 26.1% 47.78%
Acquisitions
YoY Change
Other Investing Activities -$38.00M -$31.00M -$55.00M
YoY Change -162.3% -43.64% -137.93%
Cash From Investing Activities -$563.0M -$577.0M -$488.0M
YoY Change 37.99% 18.24% 229.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 256.0M 431.0M 125.0M
YoY Change 52.38% 244.8% 5.93%
NET CHANGE
Cash From Operating Activities 315.0M 141.0M 358.0M
Cash From Investing Activities -563.0M -577.0M -488.0M
Cash From Financing Activities 256.0M 431.0M 125.0M
Net Change In Cash 8.000M -5.000M -5.000M
YoY Change -52.94% 0.0% -600.0%
FREE CASH FLOW
Cash From Operating Activities $315.0M $141.0M $358.0M
Capital Expenditures -$525.0M -$546.0M -$433.0M
Free Cash Flow $840.0M $687.0M $791.0M
YoY Change 15.7% -13.15% 144.14%

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