2015 Q1 Form 10-Q Financial Statement

#000078878415000004 Filed on May 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $3.135B $3.223B
YoY Change -2.73% 15.69%
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 $330.0M $306.0M
YoY Change 7.84% 5.52%
% of Gross Profit
Operating Expenses $2.087B $2.518B
YoY Change -17.12% 15.72%
Operating Profit $1.048B $705.0M
YoY Change 48.65% 15.57%
Interest Expense $98.00M $97.00M
YoY Change 1.03% -4.9%
% of Operating Profit 9.35% 13.76%
Other Income/Expense, Net $36.00M $36.00M
YoY Change 0.0% 12.5%
Pretax Income $984.0M $646.0M
YoY Change 52.32% 19.63%
Income Tax $398.0M $260.0M
% Of Pretax Income 40.45% 40.25%
Net Earnings $586.0M $386.0M
YoY Change 51.81% 20.63%
Net Earnings / Revenue 18.69% 11.98%
Basic Earnings Per Share $1.16 $0.76
Diluted Earnings Per Share $1.15 $0.76
COMMON SHARES
Basic Shares Outstanding 506.0M shares 506.0M shares
Diluted Shares Outstanding 508.0M shares 508.0M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.008B $655.0M
YoY Change 53.89% 55.95%
Cash & Equivalents $1.008B $655.0M
Short-Term Investments
Other Short-Term Assets $70.00M $33.00M
YoY Change 112.12% -34.0%
Inventory $749.0M $746.0M
Prepaid Expenses $80.00M $55.00M
Receivables $1.437B $1.710B
Other Receivables $31.00M $111.0M
Total Short-Term Assets $4.159B $3.853B
YoY Change 7.94% 5.39%
LONG-TERM ASSETS
Property, Plant & Equipment $23.98B $21.93B
YoY Change 9.32% 8.98%
Goodwill $16.00M $16.00M
YoY Change 0.0% 0.0%
Intangibles $87.00M $48.00M
YoY Change 81.25% 29.73%
Long-Term Investments $1.287B $1.321B
YoY Change -2.57% 0.08%
Other Assets $355.0M $313.0M
YoY Change 13.42% -4.86%
Total Long-Term Assets $7.690B $7.540B
YoY Change 1.99% -4.93%
TOTAL ASSETS
Total Short-Term Assets $4.159B $3.853B
Total Long-Term Assets $7.690B $7.540B
Total Assets $35.83B $33.33B
YoY Change 7.5% 5.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.006B $1.116B
YoY Change -9.86% 3.53%
Accrued Expenses $462.0M $423.0M
YoY Change 9.22% 105.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $793.0M $544.0M
YoY Change 45.77% -37.9%
Total Short-Term Liabilities $3.622B $3.357B
YoY Change 7.89% -1.44%
LONG-TERM LIABILITIES
Long-Term Debt $8.090B $7.802B
YoY Change 3.69% 11.31%
Other Long-Term Liabilities $127.0M $116.0M
YoY Change 9.48% 1.75%
Total Long-Term Liabilities $11.56B $10.37B
YoY Change 11.48% 0.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.622B $3.357B
Total Long-Term Liabilities $11.56B $10.37B
Total Liabilities $15.18B $13.72B
YoY Change 10.6% -0.23%
SHAREHOLDERS EQUITY
Retained Earnings $8.616B $7.656B
YoY Change 12.54% 8.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $662.0M $626.0M
YoY Change 5.75% 2.29%
Treasury Stock Shares 27.74M shares 27.68M shares
Shareholders Equity $12.56B $11.80B
YoY Change
Total Liabilities & Shareholders Equity $35.83B $33.33B
YoY Change 7.5% 5.09%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $586.0M $386.0M
YoY Change 51.81% 20.63%
Depreciation, Depletion And Amortization $330.0M $306.0M
YoY Change 7.84% 5.52%
Cash From Operating Activities $1.679B $1.116B
YoY Change 50.45% 27.25%
INVESTING ACTIVITIES
Capital Expenditures $747.0M $609.0M
YoY Change 22.66% -15.88%
Acquisitions
YoY Change
Other Investing Activities $3.000M $8.000M
YoY Change -62.5% -300.0%
Cash From Investing Activities -$779.0M -$629.0M
YoY Change 23.85% -14.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$294.0M -$325.0M
YoY Change -9.54% 215.53%
NET CHANGE
Cash From Operating Activities $1.679B $1.116B
Cash From Investing Activities -$779.0M -$629.0M
Cash From Financing Activities -$294.0M -$325.0M
Net Change In Cash $606.0M $162.0M
YoY Change 274.07% 295.12%
FREE CASH FLOW
Cash From Operating Activities $1.679B $1.116B
Capital Expenditures $747.0M $609.0M
Free Cash Flow $932.0M $507.0M
YoY Change 83.83% 231.37%

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