2015 Q2 Form 10-Q Financial Statement

#000078878415000008 Filed on July 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $2.314B $2.249B
YoY Change 2.89% -2.64%
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 $368.0M $339.0M
YoY Change 8.55% 3.35%
% of Gross Profit
Operating Expenses $1.746B $1.884B
YoY Change -7.32% 10.95%
Operating Profit $568.0M $365.0M
YoY Change 55.62% -40.36%
Interest Expense $97.00M $94.00M
YoY Change 3.19% -6.93%
% of Operating Profit 17.08% 25.75%
Other Income/Expense, Net $7.000M $0.00
YoY Change -100.0%
Pretax Income $531.0M $324.0M
YoY Change 63.89% -41.2%
Income Tax $186.0M $112.0M
% Of Pretax Income 35.03% 34.57%
Net Earnings $345.0M $212.0M
YoY Change 62.74% -36.34%
Net Earnings / Revenue 14.91% 9.43%
Basic Earnings Per Share $0.68 $0.42
Diluted Earnings Per Share $0.68 $0.42
COMMON SHARES
Basic Shares Outstanding 506.0M shares 506.0M shares
Diluted Shares Outstanding 508.0M shares 508.0M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $597.0M $570.0M
YoY Change 4.74% 247.56%
Cash & Equivalents $597.0M $570.0M
Short-Term Investments
Other Short-Term Assets $25.00M $34.00M
YoY Change -26.47% -8.11%
Inventory $824.0M $902.0M
Prepaid Expenses $272.0M $249.0M
Receivables $1.126B $1.294B
Other Receivables $23.00M $101.0M
Total Short-Term Assets $3.627B $3.794B
YoY Change -4.4% 4.95%
LONG-TERM ASSETS
Property, Plant & Equipment $24.81B $22.31B
YoY Change 11.19% 8.51%
Goodwill $16.00M $16.00M
YoY Change 0.0% 0.0%
Intangibles $101.0M $90.00M
YoY Change 12.22% 119.51%
Long-Term Investments $1.273B $1.315B
YoY Change -3.19% -0.6%
Other Assets $293.0M $324.0M
YoY Change -9.57% -0.31%
Total Long-Term Assets $7.778B $7.596B
YoY Change 2.4% -3.64%
TOTAL ASSETS
Total Short-Term Assets $3.627B $3.794B
Total Long-Term Assets $7.778B $7.596B
Total Assets $36.21B $33.70B
YoY Change 7.45% 5.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.156B $1.104B
YoY Change 4.71% 5.54%
Accrued Expenses $244.0M $188.0M
YoY Change 29.79% 46.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $491.0M $844.0M
YoY Change -41.82% 46.53%
Total Short-Term Liabilities $3.107B $3.463B
YoY Change -10.28% 13.24%
LONG-TERM LIABILITIES
Long-Term Debt $8.689B $7.932B
YoY Change 9.54% 6.58%
Other Long-Term Liabilities $143.0M $107.0M
YoY Change 33.64% -7.76%
Total Long-Term Liabilities $11.71B $10.46B
YoY Change 11.92% -0.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.107B $3.463B
Total Long-Term Liabilities $11.71B $10.46B
Total Liabilities $14.82B $13.92B
YoY Change 6.4% 2.99%
SHAREHOLDERS EQUITY
Retained Earnings $8.764B $7.681B
YoY Change 14.1% 6.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $663.0M $630.0M
YoY Change 5.24% 2.44%
Treasury Stock Shares 27.74M shares 27.72M shares
Shareholders Equity $12.71B $11.84B
YoY Change
Total Liabilities & Shareholders Equity $36.21B $33.70B
YoY Change 7.45% 5.12%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $345.0M $212.0M
YoY Change 62.74% -36.34%
Depreciation, Depletion And Amortization $368.0M $339.0M
YoY Change 8.55% 3.35%
Cash From Operating Activities $555.0M $332.0M
YoY Change 67.17% -28.76%
INVESTING ACTIVITIES
Capital Expenditures -$996.0M -$620.0M
YoY Change 60.65% -9.09%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$33.00M
YoY Change -106.06% -191.67%
Cash From Investing Activities -$994.0M -$653.0M
YoY Change 52.22% 1.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.00M 236.0M
YoY Change -88.14% -410.53%
NET CHANGE
Cash From Operating Activities 555.0M 332.0M
Cash From Investing Activities -994.0M -653.0M
Cash From Financing Activities 28.00M 236.0M
Net Change In Cash -411.0M -85.00M
YoY Change 383.53% -66.8%
FREE CASH FLOW
Cash From Operating Activities $555.0M $332.0M
Capital Expenditures -$996.0M -$620.0M
Free Cash Flow $1.551B $952.0M
YoY Change 62.92% -17.07%

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RetainedEarningsAccumulatedDeficit
8764000000 USD
CY2014Q2 us-gaap Revenues
Revenues
2249000000 USD
us-gaap Revenues
Revenues
5472000000 USD
CY2015Q2 us-gaap Revenues
Revenues
2314000000 USD
us-gaap Revenues
Revenues
5449000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
12185000000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
12707000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12186000000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12708000000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
21000000 USD
CY2015Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
148000000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
27720068 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
27743506 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
635000000 USD
CY2015Q2 us-gaap Treasury Stock Value
TreasuryStockValue
663000000 USD
CY2014Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
284000000 USD
CY2015Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
247000000 USD
CY2014Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
800000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1656000000 USD
CY2015Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
761000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1424000000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508000000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
506000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
506000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
506000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
506000000 shares

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