2013 Q2 Form 10-Q Financial Statement

#000119312513299983 Filed on July 24, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $11.18B $10.34B
YoY Change 8.13% 14.66%
Cost Of Revenue $8.712B $8.119B
YoY Change 7.3% 15.61%
Gross Profit $2.470B $2.222B
YoY Change 11.16% 11.32%
Gross Profit Margin 22.09% 21.49%
Selling, General & Admin $100.0M $101.0M
YoY Change -0.99% -27.86%
% of Gross Profit 4.05% 4.55%
Research & Development $293.0M $287.0M
YoY Change 2.09% 2.5%
% of Gross Profit 11.86% 12.92%
Depreciation & Amortization $776.0M $714.0M
YoY Change 8.68% -10.86%
% of Gross Profit 31.42% 32.13%
Operating Expenses $293.0M $287.0M
YoY Change 2.09% -31.67%
Operating Profit $2.177B $1.935B
YoY Change 12.51% 22.78%
Interest Expense $98.00M $78.00M
YoY Change 25.64% -213.04%
% of Operating Profit 4.5% 4.03%
Other Income/Expense, Net
YoY Change
Pretax Income $2.673B $1.779B
YoY Change 50.25% 20.61%
Income Tax $449.0M $439.0M
% Of Pretax Income 16.8% 24.68%
Net Earnings $2.095B $1.403B
YoY Change 49.32% 4.78%
Net Earnings / Revenue 18.74% 13.57%
Basic Earnings Per Share $1.58 $1.05
Diluted Earnings Per Share $1.57 $1.05
COMMON SHARES
Basic Shares Outstanding 1.327B shares 1.331B shares
Diluted Shares Outstanding 1.336B shares 1.339B shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.925B $3.493B
YoY Change 69.62% -29.19%
Cash & Equivalents $2.586B $1.521B
Short-Term Investments $3.339B $1.972B
Other Short-Term Assets $1.348B $1.983B
YoY Change -32.02% 47.22%
Inventory $4.955B $4.762B
Prepaid Expenses
Receivables $11.28B $10.80B
Other Receivables $0.00 $0.00
Total Short-Term Assets $23.80B $21.04B
YoY Change 13.11% 5.51%
LONG-TERM ASSETS
Property, Plant & Equipment $14.74B $13.69B
YoY Change 7.69% 11.16%
Goodwill $14.41B
YoY Change
Intangibles $4.673B
YoY Change
Long-Term Investments $3.652B $1.525B
YoY Change 139.48% -0.65%
Other Assets $1.344B $1.239B
YoY Change 8.47% -4.4%
Total Long-Term Assets $39.45B $35.97B
YoY Change 9.67% 5.56%
TOTAL ASSETS
Total Short-Term Assets $23.80B $21.04B
Total Long-Term Assets $39.45B $35.97B
Total Assets $63.25B $57.01B
YoY Change 10.94% 5.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.815B $7.422B
YoY Change 5.3% 5.83%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $775.0M $498.0M
YoY Change 55.62% -59.97%
Long-Term Debt Due $2.083B $2.023B
YoY Change 2.97% -21.38%
Total Short-Term Liabilities $12.45B $11.53B
YoY Change 8.05% -6.87%
LONG-TERM LIABILITIES
Long-Term Debt $9.098B $7.953B
YoY Change 14.4% 38.43%
Other Long-Term Liabilities $1.170B $2.767B
YoY Change -57.72% 17.84%
Total Long-Term Liabilities $1.170B $10.72B
YoY Change -89.09% 32.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.45B $11.53B
Total Long-Term Liabilities $1.170B $10.72B
Total Liabilities $26.20B $24.20B
YoY Change 8.26% 9.17%
SHAREHOLDERS EQUITY
Retained Earnings $35.41B
YoY Change
Common Stock $12.03B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.605B
YoY Change
Treasury Stock Shares
Shareholders Equity $36.91B $32.81B
YoY Change
Total Liabilities & Shareholders Equity $63.25B $57.01B
YoY Change 10.94% 5.54%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $2.095B $1.403B
YoY Change 49.32% 4.78%
Depreciation, Depletion And Amortization $776.0M $714.0M
YoY Change 8.68% -10.86%
Cash From Operating Activities $2.643B $683.0M
YoY Change 286.97% -45.36%
INVESTING ACTIVITIES
Capital Expenditures -$906.0M -$1.120B
YoY Change -19.11% 18.39%
Acquisitions
YoY Change
Other Investing Activities -$1.181B $843.0M
YoY Change -240.09% -607.83%
Cash From Investing Activities -$2.087B -$277.0M
YoY Change 653.43% -75.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -91.00M -219.0M
YoY Change -58.45% -7.2%
NET CHANGE
Cash From Operating Activities 2.643B 683.0M
Cash From Investing Activities -2.087B -277.0M
Cash From Financing Activities -91.00M -219.0M
Net Change In Cash 465.0M 187.0M
YoY Change 148.66% -290.82%
FREE CASH FLOW
Cash From Operating Activities $2.643B $683.0M
Capital Expenditures -$906.0M -$1.120B
Free Cash Flow $3.549B $1.803B
YoY Change 96.84% -17.9%

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