2014 Q4 Form 10-K Financial Statement

#000141332916000076 Filed on February 17, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $19.94B $21.34B $21.05B
YoY Change -2.2% 3.42% 2.77%
Cost Of Revenue $2.632B $2.734B $2.696B
YoY Change 1.15% 4.43% -0.19%
Gross Profit $4.565B $5.122B $5.101B
YoY Change -11.99% -3.52% -2.2%
Gross Profit Margin 22.89% 24.01% 24.23%
Selling, General & Admin $1.975B $1.763B $1.716B
YoY Change 18.98% 4.51% -7.24%
% of Gross Profit 43.26% 34.42% 33.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $229.0M $233.0M $216.0M
YoY Change 2.69% 6.88% -1.37%
% of Gross Profit 5.02% 4.55% 4.23%
Operating Expenses $2.001B $1.786B $1.738B
YoY Change 18.97% 4.44% -7.26%
Operating Profit $2.564B $3.345B $2.874B
YoY Change -26.85% -7.06% -13.87%
Interest Expense -$263.0M -$267.0M -$254.0M
YoY Change 3.95% 11.72% 3.25%
% of Operating Profit -10.26% -7.98% -8.84%
Other Income/Expense, Net
YoY Change
Pretax Income $2.269B $3.078B $2.620B
YoY Change -23.11% -8.39% -15.24%
Income Tax $651.0M $918.0M $752.0M
% Of Pretax Income 28.69% 29.82% 28.7%
Net Earnings $1.612B $2.155B $1.851B
YoY Change -18.87% -7.91% -12.85%
Net Earnings / Revenue 8.08% 10.1% 8.79%
Basic Earnings Per Share $1.03 $1.38 $1.17
Diluted Earnings Per Share $1.03 $1.38 $1.17
COMMON SHARES
Basic Shares Outstanding 1.554B shares 1.562B shares 1.573B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.682B $2.043B $1.541B
YoY Change -21.91% -39.59% -57.03%
Cash & Equivalents $1.682B $2.043B $1.541B
Short-Term Investments
Other Short-Term Assets $673.0M $573.0M $403.0M
YoY Change 35.41% -2.05% -34.15%
Inventory $8.592B $7.979B $8.271B
Prepaid Expenses
Receivables $4.004B $3.785B $4.081B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.48B $14.76B $14.71B
YoY Change -8.12% -7.84% -12.21%
LONG-TERM ASSETS
Property, Plant & Equipment $6.071B $6.273B $6.648B
YoY Change -10.13% -4.71% 3.94%
Goodwill $8.388B $8.707B $9.085B
YoY Change -5.68% -5.12% -4.66%
Intangibles $2.985B $3.134B $3.209B
YoY Change -6.51% -4.74% -7.57%
Long-Term Investments $1.083B $1.371B $1.508B
YoY Change -29.49% 106.17%
Other Assets $1.176B $1.155B $1.165B
YoY Change 25.24% 8.55% 17.91%
Total Long-Term Assets $19.70B $20.64B $21.62B
YoY Change -7.57% -0.67% 6.03%
TOTAL ASSETS
Total Short-Term Assets $15.48B $14.76B $14.71B
Total Long-Term Assets $19.70B $20.64B $21.62B
Total Assets $35.19B $35.40B $36.33B
YoY Change -7.81% -3.79% -2.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.242B $1.255B $1.109B
YoY Change -2.51% 11.56% 6.12%
Accrued Expenses $8.423B $7.868B $7.933B
YoY Change -9.14% 6.89% 5.79%
Deferred Revenue
YoY Change
Short-Term Debt $1.208B $2.091B $1.941B
YoY Change -49.67% -42.99% -27.68%
Long-Term Debt Due $1.318B $1.357B $407.0M
YoY Change 5.02% 8.13% -67.6%
Total Short-Term Liabilities $15.11B $15.12B $13.58B
YoY Change -11.45% -5.62% -7.66%
LONG-TERM LIABILITIES
Long-Term Debt $26.93B $25.40B $27.16B
YoY Change 12.1% 16.08% 25.98%
Other Long-Term Liabilities $598.0M $607.0M $599.0M
YoY Change 6.22% 21.16% 22.24%
Total Long-Term Liabilities $598.0M $607.0M $599.0M
YoY Change 6.22% 21.16% 22.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.11B $15.12B $13.58B
Total Long-Term Liabilities $598.0M $607.0M $599.0M
Total Liabilities $46.39B $44.08B $44.17B
YoY Change 4.38% 3.22% 7.56%
SHAREHOLDERS EQUITY
Retained Earnings $29.25B $29.19B $28.60B
YoY Change 5.05% 6.7% 7.78%
Common Stock $710.0M $692.0M $649.0M
YoY Change -1.8% 1.91% -50.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.76B $34.97B $34.23B
YoY Change 11.26% 14.12% 17.24%
Treasury Stock Shares 562.4M shares 553.4M shares 544.6M shares
Shareholders Equity -$12.63B -$10.11B -$9.292B
YoY Change
Total Liabilities & Shareholders Equity $35.19B $35.40B $36.33B
YoY Change -7.81% -3.79% -2.19%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $1.612B $2.155B $1.851B
YoY Change -18.87% -7.91% -12.85%
Depreciation, Depletion And Amortization $229.0M $233.0M $216.0M
YoY Change 2.69% 6.88% -1.37%
Cash From Operating Activities $1.354B $2.965B $2.705B
YoY Change -41.64% -10.56% -13.77%
INVESTING ACTIVITIES
Capital Expenditures -$349.0M -$296.0M -$252.0M
YoY Change -7.92% -1.66% -10.0%
Acquisitions
YoY Change
Other Investing Activities $126.0M $67.00M -$84.00M
YoY Change -115.18% -109.87% -863.64%
Cash From Investing Activities -$223.0M -$229.0M -$336.0M
YoY Change -81.56% -76.63% 24.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.277B -2.075B -2.682B
YoY Change -44.77% -20.31% -17.38%
NET CHANGE
Cash From Operating Activities 1.354B 2.965B 2.705B
Cash From Investing Activities -223.0M -229.0M -336.0M
Cash From Financing Activities -1.277B -2.075B -2.682B
Net Change In Cash -146.0M 661.0M -313.0M
YoY Change -87.84% -345.72% -17.2%
FREE CASH FLOW
Cash From Operating Activities $1.354B $2.965B $2.705B
Capital Expenditures -$349.0M -$296.0M -$252.0M
Free Cash Flow $1.703B $3.261B $2.957B
YoY Change -36.9% -9.82% -13.46%

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890000000 USD
CY2014Q4 us-gaap Land And Land Improvements
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CY2015Q4 us-gaap Liabilities
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CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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10000000 USD
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0 USD
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1148000000 USD
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536000000 USD
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360000000 USD
CY2015 us-gaap Payments For Restructuring
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CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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2566000000 USD
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2013 us-gaap Proceeds From Payments To Minority Shareholders
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CY2014 us-gaap Proceeds From Payments To Minority Shareholders
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1622000000 USD
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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CY2014 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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CY2015 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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CY2013 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
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2000000000 USD
CY2014 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
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1007000000 USD
CY2015 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
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CY2013 us-gaap Profit Loss
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CY2014 us-gaap Profit Loss
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CY2015 us-gaap Profit Loss
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CY2014Q4 us-gaap Property Plant And Equipment Gross
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CY2015Q4 us-gaap Property Plant And Equipment Gross
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CY2014Q4 us-gaap Property Plant And Equipment Net
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CY2015Q4 us-gaap Property Plant And Equipment Net
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CY2013 us-gaap Repayments Of Long Term Debt
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CY2014 us-gaap Repayments Of Long Term Debt
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1240000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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CY2013 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
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849000000 USD
CY2014 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
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1571000000 USD
CY2015 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2013 us-gaap Research And Development Expense
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449000000 USD
CY2014 us-gaap Research And Development Expense
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433000000 USD
CY2015 us-gaap Research And Development Expense
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423000000 USD
CY2014 us-gaap Restructuring Charges
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391000000 USD
CY2015 us-gaap Restructuring Charges
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0001413329-16-000076-xbrl.zip Edgar Link pending
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