2011 Q3 Form 10-Q Financial Statement

#000008652111000092 Filed on November 03, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2010 Q3
Revenue $2.576B $2.116B
YoY Change 21.74% 14.19%
Cost Of Revenue $68.00M $22.00M
YoY Change 209.09% 15.79%
Gross Profit $2.508B $2.094B
YoY Change 19.77% 14.18%
Gross Profit Margin 97.36% 98.96%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $251.0M $218.0M
YoY Change 15.14% 11.22%
% of Gross Profit 10.01% 10.41%
Operating Expenses $2.008B $1.665B
YoY Change 20.6% 12.73%
Operating Profit $500.0M $429.0M
YoY Change 16.55% 20.17%
Interest Expense $118.0M $111.0M
YoY Change 6.31% 141.3%
% of Operating Profit 23.6% 25.87%
Other Income/Expense, Net $12.00M $66.00M
YoY Change -81.82% 560.0%
Pretax Income $388.0M $99.00M
YoY Change 291.92% -75.85%
Income Tax $75.00M -$32.00M
% Of Pretax Income 19.33% -32.32%
Net Earnings $289.0M $131.0M
YoY Change 120.61% -58.93%
Net Earnings / Revenue 11.22% 6.19%
Basic Earnings Per Share $1.21 $0.53
Diluted Earnings Per Share $1.20 $0.53
COMMON SHARES
Basic Shares Outstanding 239.5M shares 246.7M shares
Diluted Shares Outstanding 241.9M shares 249.8M shares

Balance Sheet

Concept 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $657.0M $547.0M
YoY Change 20.11% -27.65%
Cash & Equivalents $657.0M $547.0M
Short-Term Investments
Other Short-Term Assets $221.0M $384.0M
YoY Change -42.45% -19.33%
Inventory $369.0M $296.0M
Prepaid Expenses
Receivables $951.0M $662.0M
Other Receivables $447.0M $606.0M
Total Short-Term Assets $2.938B $2.495B
YoY Change 17.76% -7.46%
LONG-TERM ASSETS
Property, Plant & Equipment $22.70B $19.22B
YoY Change 18.12% 8.15%
Goodwill $1.013B
YoY Change
Intangibles $448.0M
YoY Change
Long-Term Investments $2.567B $3.879B
YoY Change -33.82% -18.8%
Other Assets $669.0M $2.812B
YoY Change -76.21% 7.21%
Total Long-Term Assets $29.68B $26.45B
YoY Change 12.19% 2.94%
TOTAL ASSETS
Total Short-Term Assets $2.938B $2.495B
Total Long-Term Assets $29.68B $26.45B
Total Assets $32.62B $28.95B
YoY Change 12.67% 1.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.008B $714.0M
YoY Change 41.18% 19.6%
Accrued Expenses $266.0M $247.0M
YoY Change 7.69% 11.76%
Deferred Revenue
YoY Change
Short-Term Debt $641.0M $574.0M
YoY Change 11.67% -32.55%
Long-Term Debt Due $137.0M $313.0M
YoY Change -56.23% -49.68%
Total Short-Term Liabilities $3.995B $3.777B
YoY Change 5.77% -12.37%
LONG-TERM LIABILITIES
Long-Term Debt $10.03B $8.032B
YoY Change 24.91% 15.65%
Other Long-Term Liabilities $818.0M $6.565B
YoY Change -87.54% -5.2%
Total Long-Term Liabilities $818.0M $14.60B
YoY Change -94.4% 5.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.995B $3.777B
Total Long-Term Liabilities $818.0M $14.60B
Total Liabilities $4.813B $20.05B
YoY Change -75.99% 2.02%
SHAREHOLDERS EQUITY
Retained Earnings $8.048B
YoY Change
Common Stock $2.089B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.630B $8.902B
YoY Change
Total Liabilities & Shareholders Equity $32.62B $28.95B
YoY Change 12.67% 1.95%

Cashflow Statement

Concept 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $289.0M $131.0M
YoY Change 120.61% -58.93%
Depreciation, Depletion And Amortization $251.0M $218.0M
YoY Change 15.14% 11.22%
Cash From Operating Activities $504.0M $295.0M
YoY Change 70.85% -17.83%
INVESTING ACTIVITIES
Capital Expenditures -$502.0M -$413.0M
YoY Change 21.55% 11.32%
Acquisitions
YoY Change
Other Investing Activities -$149.0M $947.0M
YoY Change -115.73% -254.74%
Cash From Investing Activities -$651.0M $534.0M
YoY Change -221.91% -154.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 406.0M -470.0M
YoY Change -186.38% -183.63%
NET CHANGE
Cash From Operating Activities 504.0M 295.0M
Cash From Investing Activities -651.0M 534.0M
Cash From Financing Activities 406.0M -470.0M
Net Change In Cash 259.0M 359.0M
YoY Change -27.86% -679.03%
FREE CASH FLOW
Cash From Operating Activities $504.0M $295.0M
Capital Expenditures -$502.0M -$413.0M
Free Cash Flow $1.006B $708.0M
YoY Change 42.09% -3.01%

Facts In Submission

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CY2011Q3 us-gaap Asset Retirement Obligations Noncurrent
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CY2010Q4 us-gaap Asset Retirement Obligations Noncurrent
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CY2010Q4 us-gaap Derivative Liabilities Noncurrent
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CY2010Q4 sre Preferred Stock Of Subsidiaries
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CY2011Q3 us-gaap Minority Interest
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CY2010Q4 sre Regulatory Balancing Accounts Net
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CY2010Q4 us-gaap Common Stock Shares Authorized
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CY2010Q4 us-gaap Preferred Stock Shares Authorized
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CY2010Q4 sre Variable Interest Entities Consolidated Carrying Amount Net Property Plant And Equipment
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CY2011Q3 sre Variable Interest Entities Consolidated Carrying Amount Long Term Debt
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CY2010Q4 us-gaap Common Stock Shares Outstanding
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Capital Lease Obligations Incurred
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Liabilities Assumed
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CY2010Q3 us-gaap Litigation Settlement Gross
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CY2010Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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CY2010Q3 sre Capitalized Financing Costs
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us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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