2014 Q1 Form 10-Q Financial Statement

#000078878414000007 Filed on May 02, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $3.223B $2.786B
YoY Change 15.69% -3.1%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $306.0M $290.0M
YoY Change 5.52% 13.28%
% of Gross Profit
Operating Expenses $2.518B $2.176B
YoY Change 15.72% 4.02%
Operating Profit $705.0M $610.0M
YoY Change 15.57% -22.09%
Interest Expense $97.00M $102.0M
YoY Change -4.9% 0.99%
% of Operating Profit 13.76% 16.72%
Other Income/Expense, Net $36.00M $32.00M
YoY Change 12.5% 14.29%
Pretax Income $646.0M $540.0M
YoY Change 19.63% -23.4%
Income Tax $260.0M $220.0M
% Of Pretax Income 40.25% 40.74%
Net Earnings $386.0M $320.0M
YoY Change 20.63% -35.09%
Net Earnings / Revenue 11.98% 11.49%
Basic Earnings Per Share $0.76 $0.63
Diluted Earnings Per Share $0.76 $0.63
COMMON SHARES
Basic Shares Outstanding 506.0M shares 507.0M shares
Diluted Shares Outstanding 508.0M shares 507.0M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $655.0M $420.0M
YoY Change 55.95% -54.89%
Cash & Equivalents $655.0M $420.0M
Short-Term Investments
Other Short-Term Assets $33.00M $50.00M
YoY Change -34.0% -95.67%
Inventory $746.0M $754.0M
Prepaid Expenses $55.00M $87.00M
Receivables $1.710B $1.457B
Other Receivables $111.0M $226.0M
Total Short-Term Assets $3.853B $3.656B
YoY Change 5.39% -7.7%
LONG-TERM ASSETS
Property, Plant & Equipment $21.93B $20.13B
YoY Change 8.98% 10.38%
Goodwill $16.00M $16.00M
YoY Change 0.0%
Intangibles $48.00M $37.00M
YoY Change 29.73%
Long-Term Investments $1.321B $1.320B
YoY Change 0.08% 3.45%
Other Assets $313.0M $329.0M
YoY Change -4.86% -94.84%
Total Long-Term Assets $7.540B $7.931B
YoY Change -4.93% -69.54%
TOTAL ASSETS
Total Short-Term Assets $3.853B $3.656B
Total Long-Term Assets $7.540B $7.931B
Total Assets $33.33B $31.71B
YoY Change 5.09% 5.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.116B $1.078B
YoY Change 3.53% 4.66%
Accrued Expenses $423.0M $206.0M
YoY Change 105.34% 18.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $290.0M
YoY Change -100.0% 95.95%
Long-Term Debt Due $544.0M $876.0M
YoY Change -37.9% 21.84%
Total Short-Term Liabilities $3.357B $3.406B
YoY Change -1.44% 9.59%
LONG-TERM LIABILITIES
Long-Term Debt $7.802B $7.009B
YoY Change 11.31% -3.44%
Other Long-Term Liabilities $116.0M $114.0M
YoY Change 1.75% -96.56%
Total Long-Term Liabilities $10.37B $10.35B
YoY Change 0.16% -2.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.357B $3.406B
Total Long-Term Liabilities $10.37B $10.35B
Total Liabilities $13.72B $13.76B
YoY Change -0.23% -29.01%
SHAREHOLDERS EQUITY
Retained Earnings $7.656B $7.080B
YoY Change 8.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $626.0M $612.0M
YoY Change 2.29%
Treasury Stock Shares 27.68M shares 27.69M shares
Shareholders Equity $11.80B $10.95B
YoY Change
Total Liabilities & Shareholders Equity $33.33B $31.71B
YoY Change 5.09% 5.7%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $386.0M $320.0M
YoY Change 20.63% -35.09%
Depreciation, Depletion And Amortization $306.0M $290.0M
YoY Change 5.52% 13.28%
Cash From Operating Activities $1.116B $877.0M
YoY Change 27.25% -19.39%
INVESTING ACTIVITIES
Capital Expenditures $609.0M $724.0M
YoY Change -15.88% 5.39%
Acquisitions
YoY Change
Other Investing Activities $8.000M -$4.000M
YoY Change -300.0% -157.14%
Cash From Investing Activities -$629.0M -$733.0M
YoY Change -14.19% 3.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$325.0M -$103.0M
YoY Change 215.53% -63.86%
NET CHANGE
Cash From Operating Activities $1.116B $877.0M
Cash From Investing Activities -$629.0M -$733.0M
Cash From Financing Activities -$325.0M -$103.0M
Net Change In Cash $162.0M $41.00M
YoY Change 295.12% -57.73%
FREE CASH FLOW
Cash From Operating Activities $1.116B $877.0M
Capital Expenditures $609.0M $724.0M
Free Cash Flow $507.0M $153.0M
YoY Change 231.37% -61.85%

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