2016 Q2 Form 10-Q Financial Statement

#000009212216000179 Filed on August 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $4.459B $4.337B
YoY Change 2.81% -2.91%
Cost Of Revenue $247.0M $171.0M
YoY Change 44.44% 28.57%
Gross Profit $4.212B $4.166B
YoY Change 1.1% -3.88%
Gross Profit Margin 94.46% 96.06%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $667.0M $593.0M
YoY Change 12.48% -0.34%
% of Gross Profit 15.84% 14.23%
Operating Expenses $2.946B $3.045B
YoY Change -3.25% -5.76%
Operating Profit $1.185B $1.098B
YoY Change 7.92% -0.45%
Interest Expense -$294.0M -$180.0M
YoY Change 63.33% -14.29%
% of Operating Profit -24.81% -16.39%
Other Income/Expense, Net -$277.0M -$153.0M
YoY Change 81.05% -373.21%
Pretax Income $908.0M $945.0M
YoY Change -3.92% -0.42%
Income Tax $261.0M $302.0M
% Of Pretax Income 28.74% 31.96%
Net Earnings $647.0M $643.0M
YoY Change 0.62% 2.39%
Net Earnings / Revenue 14.51% 14.83%
Basic Earnings Per Share $0.67 $0.69
Diluted Earnings Per Share $0.66 $0.69
COMMON SHARES
Basic Shares Outstanding 934.0M shares 909.0M shares
Diluted Shares Outstanding 940.0M shares 912.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.897B $813.0M
YoY Change 133.33% 39.45%
Cash & Equivalents $1.897B $813.0M
Short-Term Investments
Other Short-Term Assets $71.00M $2.277B
YoY Change -96.88% 74.48%
Inventory $2.008B $1.838B
Prepaid Expenses $563.0M
Receivables $1.267B $1.295B
Other Receivables $259.0M $382.0M
Total Short-Term Assets $15.15B $6.605B
YoY Change 129.36% 22.86%
LONG-TERM ASSETS
Property, Plant & Equipment $63.89B $57.01B
YoY Change 12.08% 8.04%
Goodwill $264.0M
YoY Change
Intangibles $490.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $833.0M $10.13B
YoY Change -91.77% 22.58%
Total Long-Term Assets $75.72B $67.58B
YoY Change 12.06% 10.74%
TOTAL ASSETS
Total Short-Term Assets $15.15B $6.605B
Total Long-Term Assets $75.72B $67.58B
Total Assets $90.87B $74.18B
YoY Change 22.5% 11.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.493B $1.395B
YoY Change 7.03% 5.68%
Accrued Expenses $1.251B $1.159B
YoY Change 7.94% 0.43%
Deferred Revenue
YoY Change
Short-Term Debt $1.372B $1.057B
YoY Change 29.8% -41.83%
Long-Term Debt Due $2.724B $3.643B
YoY Change -25.23% 522.74%
Total Short-Term Liabilities $8.514B $8.694B
YoY Change -2.07% 45.53%
LONG-TERM LIABILITIES
Long-Term Debt $35.37B $22.67B
YoY Change 55.98% 2.5%
Other Long-Term Liabilities $724.0M $7.845B
YoY Change -90.77% 33.06%
Total Long-Term Liabilities $724.0M $30.52B
YoY Change -97.63% 8.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.514B $8.694B
Total Long-Term Liabilities $724.0M $30.52B
Total Liabilities $67.26B $53.27B
YoY Change 26.26% 16.21%
SHAREHOLDERS EQUITY
Retained Earnings $10.09B
YoY Change
Common Stock $12.21B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.00M
YoY Change
Treasury Stock Shares 800.0K shares
Shareholders Equity $22.02B $20.91B
YoY Change
Total Liabilities & Shareholders Equity $90.87B $74.18B
YoY Change 22.5% 11.72%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $647.0M $643.0M
YoY Change 0.62% 2.39%
Depreciation, Depletion And Amortization $667.0M $593.0M
YoY Change 12.48% -0.34%
Cash From Operating Activities $1.262B $1.194B
YoY Change 5.7% 23.47%
INVESTING ACTIVITIES
Capital Expenditures -$1.614B -$1.550B
YoY Change 4.13% 2.51%
Acquisitions
YoY Change
Other Investing Activities -$8.864B -$109.0M
YoY Change 8032.11% 159.52%
Cash From Investing Activities -$10.48B -$1.659B
YoY Change 531.59% 6.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.36B 166.0M
YoY Change 6140.36% -71.38%
NET CHANGE
Cash From Operating Activities 1.262B 1.194B
Cash From Investing Activities -10.48B -1.659B
Cash From Financing Activities 10.36B 166.0M
Net Change In Cash 1.143B -299.0M
YoY Change -482.27% 4171.43%
FREE CASH FLOW
Cash From Operating Activities $1.262B $1.194B
Capital Expenditures -$1.614B -$1.550B
Free Cash Flow $2.876B $2.744B
YoY Change 4.81% 10.69%

Facts In Submission

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RedeemableNoncontrollingInterestEquityCarryingAmount
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt And Capital Securities
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443000000 USD
us-gaap Repayments Of Short Term Debt
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250000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
475000000 USD
CY2015Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
0 USD
CY2016Q2 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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10010000000 USD
CY2016Q2 us-gaap Stockholders Equity
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22015000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20926000000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21146000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21982000000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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23446000000 USD
us-gaap Stockholders Equity Other
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5000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10085000000 USD
CY2015Q2 us-gaap Revenues
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us-gaap Revenues
Revenues
8520000000 USD
CY2016Q2 us-gaap Revenues
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us-gaap Revenues
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CY2015Q4 us-gaap Short Term Borrowings
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CY2016Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1372000000 USD
us-gaap Stock Issued During Period Value New Issues
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117000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1383000000 USD
us-gaap Stock Option Plan Expense
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66000000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
69000000 USD
us-gaap Stock Redeemed Or Called During Period Value
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150000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
115000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
20592000000 USD
us-gaap Stockholders Equity Other
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CY2015Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
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us-gaap Taxes Excluding Income And Excise Taxes
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497000000 USD
CY2016Q2 us-gaap Taxes Excluding Income And Excise Taxes
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us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
511000000 USD
CY2015Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
118000000 USD
CY2016Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
118000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3400000 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
800000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
142000000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
30000000 USD
CY2015Q4 us-gaap Unamortized Loss Reacquired Debt Noncurrent
UnamortizedLossReacquiredDebtNoncurrent
227000000 USD
CY2016Q2 us-gaap Unamortized Loss Reacquired Debt Noncurrent
UnamortizedLossReacquiredDebtNoncurrent
220000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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433000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
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443000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
20000000 USD
CY2015Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1200000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
2412000000 USD
CY2016Q2 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1023000000 USD
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
1934000000 USD
CY2015Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1100000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
2222000000 USD
CY2016Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1099000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
2206000000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
912000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
914000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
940000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
931000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
909000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
910000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
934000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
925000000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Certain prior year data presented in the financial statements have been reclassified to conform to the current year presentation. These reclassifications had no impact on the results of operations, financial position, or cash flows of any registrant.</font></div></div>

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