2014 Q3 Form 10-Q Financial Statement

#000110465914078159 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q4 2013 Q3
Revenue $11.13B $10.63B $10.70B
YoY Change 3.96% 12.63% 14.42%
Cost Of Revenue $10.55B $10.04B $10.24B
YoY Change 3.06% 13.71% 16.1%
Gross Profit $530.0M $588.0M $408.0M
YoY Change 29.9% -2.97% -12.45%
Gross Profit Margin 4.76% 5.53% 3.81%
Selling, General & Admin $79.00M $83.00M $79.00M
YoY Change 0.0% 6.41% -2.47%
% of Gross Profit 14.91% 14.12% 19.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.00M $100.0M $92.00M
YoY Change 5.43% -20.63% -56.19%
% of Gross Profit 18.3% 17.01% 22.55%
Operating Expenses $175.0M $183.0M $172.0M
YoY Change 1.74% 13.66% 3.61%
Operating Profit $404.0M $394.0M $296.0M
YoY Change 36.49% -1.99% 19.84%
Interest Expense $85.00M -$67.00M $72.00M
YoY Change 18.06% 9.84% -2.7%
% of Operating Profit 21.04% -17.01% 24.32%
Other Income/Expense, Net -$4.000M -$1.000M $3.000M
YoY Change -233.33% -25.0%
Pretax Income $344.0M $337.0M $246.0M
YoY Change 39.84% -1.17% 32.26%
Income Tax $20.00M $20.00M $9.000M
% Of Pretax Income 5.81% 5.93% 3.66%
Net Earnings $323.0M $309.0M $231.0M
YoY Change 39.83% -3.44% 40.0%
Net Earnings / Revenue 2.9% 2.91% 2.16%
Basic Earnings Per Share
Diluted Earnings Per Share $859.8K $893.1K $669.6K
COMMON SHARES
Basic Shares Outstanding 368.9M shares 343.0M shares 342.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.00M $41.00M $33.00M
YoY Change 3.03% 70.83% 3.13%
Cash & Equivalents $34.00M $41.00M $33.00M
Short-Term Investments
Other Short-Term Assets $290.0M $220.0M $352.0M
YoY Change -17.61% -37.32% 147.89%
Inventory $1.314B $1.065B $1.198B
Prepaid Expenses
Receivables $3.522B $3.638B $3.562B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.160B $4.964B $5.145B
YoY Change 0.29% -3.56% 6.9%
LONG-TERM ASSETS
Property, Plant & Equipment $11.97B $10.82B $10.61B
YoY Change 12.8% 12.2% 13.47%
Goodwill $2.481B $2.503B $2.519B
YoY Change -1.51% -1.26% 18.88%
Intangibles
YoY Change
Long-Term Investments $582.0M $485.0M $474.0M
YoY Change 22.78% 41.4% 64.01%
Other Assets $476.0M $540.0M $534.0M
YoY Change -10.86% -7.85% -13.45%
Total Long-Term Assets $16.68B $15.40B $15.12B
YoY Change 10.28% 9.28% 13.07%
TOTAL ASSETS
Total Short-Term Assets $5.160B $4.964B $5.145B
Total Long-Term Assets $16.68B $15.40B $15.12B
Total Assets $21.84B $20.36B $20.27B
YoY Change 7.75% 5.85% 11.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.169B $3.983B $4.049B
YoY Change 2.96% 4.21% 9.23%
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 $1.113B $619.0M
YoY Change 57.67% 2.49% -25.78%
Total Short-Term Liabilities $5.568B $5.411B $5.011B
YoY Change 11.12% 4.4% 2.56%
LONG-TERM LIABILITIES
Long-Term Debt $7.613B $6.715B $7.018B
YoY Change 8.48% 6.25% 20.77%
Other Long-Term Liabilities $526.0M $531.0M $554.0M
YoY Change -5.05% -9.39% -1.95%
Total Long-Term Liabilities $8.139B $7.246B $7.572B
YoY Change 7.49% 4.92% 18.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.568B $5.411B $5.011B
Total Long-Term Liabilities $8.139B $7.246B $7.572B
Total Liabilities $13.71B $12.66B $12.58B
YoY Change 8.93% 4.7% 11.73%
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 $7.644B $7.150B
YoY Change
Total Liabilities & Shareholders Equity $21.84B $20.36B $20.27B
YoY Change 7.75% 5.85% 11.44%

Cashflow Statement

Concept 2014 Q3 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $323.0M $309.0M $231.0M
YoY Change 39.83% -3.44% 40.0%
Depreciation, Depletion And Amortization $97.00M $100.0M $92.00M
YoY Change 5.43% -20.63% -56.19%
Cash From Operating Activities $315.0M $360.0M $257.0M
YoY Change 22.57% 0.0% -51.69%
INVESTING ACTIVITIES
Capital Expenditures -$525.0M -$457.0M -$469.0M
YoY Change 11.94% 29.83% 68.1%
Acquisitions
YoY Change
Other Investing Activities -$38.00M $144.0M $61.00M
YoY Change -162.3% -121.69% -203.39%
Cash From Investing Activities -$563.0M -$313.0M -$408.0M
YoY Change 37.99% -69.19% 20.71%
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 -39.00M 168.0M
YoY Change 52.38% -106.0% -194.92%
NET CHANGE
Cash From Operating Activities 315.0M 360.0M 257.0M
Cash From Investing Activities -563.0M -313.0M -408.0M
Cash From Financing Activities 256.0M -39.00M 168.0M
Net Change In Cash 8.000M 8.000M 17.00M
YoY Change -52.94% -233.33% 0.0%
FREE CASH FLOW
Cash From Operating Activities $315.0M $360.0M $257.0M
Capital Expenditures -$525.0M -$457.0M -$469.0M
Free Cash Flow $840.0M $817.0M $726.0M
YoY Change 15.7% 14.75% -10.48%

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