2013 Q3 Form 10-Q Financial Statement

#000008652113000078 Filed on November 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q4 2012 Q3
Revenue $2.551B $2.668B $2.507B
YoY Change 1.76% 2.46% -2.68%
Cost Of Revenue $47.00M $42.00M $43.00M
YoY Change 9.3% 200.0% -36.76%
Gross Profit $2.503B $2.626B $2.469B
YoY Change 1.38% 1.39% -1.56%
Gross Profit Margin 98.12% 98.43% 98.48%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $286.0M $287.0M $280.0M
YoY Change 2.14% 16.19% 11.55%
% of Gross Profit 11.43% 10.93% 11.34%
Operating Expenses $1.999B $2.269B $1.922B
YoY Change 4.01% 7.13% -4.28%
Operating Profit $504.0M $357.0M $547.0M
YoY Change -7.86% -24.36% 9.4%
Interest Expense $137.0M -$75.00M -$248.0M
YoY Change -155.24% -27.18% -310.17%
% of Operating Profit 27.18% -21.01% -45.34%
Other Income/Expense, Net $16.00M $35.00M $44.00M
YoY Change -63.64% -20.45% 266.67%
Pretax Income $432.0M $309.0M $329.0M
YoY Change 31.31% -23.89% -15.21%
Income Tax $117.0M $11.00M $49.00M
% Of Pretax Income 27.08% 3.56% 14.89%
Net Earnings $296.0M $293.0M $268.0M
YoY Change 10.45% 2.81% -7.27%
Net Earnings / Revenue 11.6% 10.98% 10.69%
Basic Earnings Per Share $1.21 $1.21 $1.11
Diluted Earnings Per Share $1.19 $1.18 $1.09
COMMON SHARES
Basic Shares Outstanding 244.1M shares 242.0M shares 241.7M shares
Diluted Shares Outstanding 249.3M shares 247.6M shares 245.8M shares

Balance Sheet

Concept 2013 Q3 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.061B $475.0M $530.0M
YoY Change 100.19% 88.49% -19.33%
Cash & Equivalents $1.061B $475.0M $530.0M
Short-Term Investments
Other Short-Term Assets $211.0M $157.0M $192.0M
YoY Change 9.9% 9.79% -13.12%
Inventory $463.0M $408.0M $398.0M
Prepaid Expenses
Receivables $982.0M $1.146B $922.0M
Other Receivables $326.0M $472.0M $531.0M
Total Short-Term Assets $3.712B $3.695B $3.078B
YoY Change 20.6% 58.45% 4.77%
LONG-TERM ASSETS
Property, Plant & Equipment $24.76B $25.19B $24.99B
YoY Change -0.91% 7.36% 10.07%
Goodwill $1.045B $1.111B $1.109B
YoY Change -5.77% 7.24% 9.48%
Intangibles $428.0M $436.0M $441.0M
YoY Change -2.95% -2.68% -1.56%
Long-Term Investments $5.000M $2.424B $296.0M
YoY Change -98.31% -2.06% -88.47%
Other Assets $928.0M $878.0M $767.0M
YoY Change 20.99% 27.06% 14.65%
Total Long-Term Assets $33.19B $32.80B $32.31B
YoY Change 2.71% 6.1% 8.88%
TOTAL ASSETS
Total Short-Term Assets $3.712B $3.695B $3.078B
Total Long-Term Assets $33.19B $32.80B $32.31B
Total Assets $36.90B $36.50B $35.39B
YoY Change 4.27% 9.77% 8.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $859.0M $1.110B $1.096B
YoY Change -21.62% 0.27% 8.73%
Accrued Expenses $250.0M $337.0M $273.0M
YoY Change -8.42% 4.33% 2.63%
Deferred Revenue
YoY Change
Short-Term Debt $522.0M $546.0M $584.0M
YoY Change -10.62% 21.6% -8.89%
Long-Term Debt Due $1.441B $725.0M $709.0M
YoY Change 103.24% 115.77% 417.52%
Total Short-Term Liabilities $4.530B $4.258B $4.349B
YoY Change 4.16% 2.55% 8.86%
LONG-TERM LIABILITIES
Long-Term Debt $10.48B $11.62B $11.19B
YoY Change -6.39% 15.31% 11.56%
Other Long-Term Liabilities $1.045B $1.107B $7.696B
YoY Change -86.42% 43.02% 840.83%
Total Long-Term Liabilities $1.045B $1.107B $18.89B
YoY Change -94.47% 43.02% 2209.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.530B $4.258B $4.349B
Total Long-Term Liabilities $1.045B $1.107B $18.89B
Total Liabilities $5.575B $5.365B $25.29B
YoY Change -77.95% 8.91% 425.41%
SHAREHOLDERS EQUITY
Retained Earnings $8.700B $8.441B
YoY Change 3.42%
Common Stock $2.424B $2.217B
YoY Change 5.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.91B $10.28B $10.08B
YoY Change
Total Liabilities & Shareholders Equity $36.90B $36.50B $35.39B
YoY Change 4.27% 9.77% 8.51%

Cashflow Statement

Concept 2013 Q3 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $296.0M $293.0M $268.0M
YoY Change 10.45% 2.81% -7.27%
Depreciation, Depletion And Amortization $286.0M $287.0M $280.0M
YoY Change 2.14% 16.19% 11.55%
Cash From Operating Activities $225.0M $330.0M $536.0M
YoY Change -58.02% 47.32% 6.35%
INVESTING ACTIVITIES
Capital Expenditures -$839.0M $18.00M -$1.053B
YoY Change -20.32% -100.92% 109.76%
Acquisitions
YoY Change
Other Investing Activities $565.0M -$600.0M $258.0M
YoY Change 118.99% -150.0% -273.15%
Cash From Investing Activities -$274.0M -$582.0M -$795.0M
YoY Change -65.53% -24.02% 22.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 153.0M 198.0M 563.0M
YoY Change -72.82% 52.31% 38.67%
NET CHANGE
Cash From Operating Activities 225.0M 330.0M 536.0M
Cash From Investing Activities -274.0M -582.0M -795.0M
Cash From Financing Activities 153.0M 198.0M 563.0M
Net Change In Cash 104.0M -54.00M 304.0M
YoY Change -65.79% -86.89% 17.37%
FREE CASH FLOW
Cash From Operating Activities $225.0M $330.0M $536.0M
Capital Expenditures -$839.0M $18.00M -$1.053B
Free Cash Flow $1.064B $312.0M $1.589B
YoY Change -33.04% -85.75% 57.95%

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510000000 USD
sre Proceeds From Sales By Nuclear Decommissioning And Other Trusts
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534000000 USD
sre Decrease In Restricted Cash
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285000000 USD
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89000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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1330000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Issuance Of Common Stock
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50000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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586000000 USD
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278000000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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252000000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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530000000 USD
us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Minority Shareholders
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Payments To Acquire Investments
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359000000 USD
us-gaap Payments To Acquire Investments
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21000000 USD
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us-gaap Net Cash Provided By Used In Investing Activities
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23000000 USD
us-gaap Preferred Stock Redemption Premium
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0 USD
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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203000000 USD
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147000000 USD
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99000000 USD
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285000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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315000000 USD
CY2013Q3 us-gaap Dividends Payable Current And Noncurrent
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158000000 USD
CY2012Q3 us-gaap Dividends Payable Current And Noncurrent
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136000000 USD
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0 USD
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0 USD
us-gaap Preferred Stock Redemption Premium
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CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2013Q1 sre Gain Loss On Sale Of Property Plant Equipment After Tax
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CY2012Q3 us-gaap Equity Method Investments
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270000000 USD
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CY2013Q3 us-gaap Energy Related Inventory Natural Gas In Storage
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240000000 USD
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167000000 USD
CY2012Q4 sre Energy Related Inventory Materials And Supplies
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152000000 USD
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CY2012Q3 sre Amounts Associated With Variable Interest Entities Operation And Maintenance
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CY2012Q3 sre Amounts Associated With Variable Interest Entities Operating Income
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15000000 USD
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33000000 USD
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20000000 USD
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12000000 USD
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1000000 USD
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15000000 USD
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19000000 USD
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32000000 USD
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23000000 USD
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23000000 USD
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0 USD
CY2013Q3 sre Amounts Associated With Variable Interest Entities Other Income Expense Net
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CY2012Q3 sre Amounts Associated With Variable Interest Entities Operating Revenues Gas
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CY2012Q3 sre Amounts Associated With Variable Interest Entities Operating Revenues Electric
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CY2012Q3 sre Amounts Associated With Variable Interest Entities Total Operating Revenues
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0 USD
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sre Amounts Associated With Variable Interest Entities Operating Revenues Electric
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sre Amounts Associated With Variable Interest Entities Operating Revenues Gas
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0 USD
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sre Amounts Associated With Variable Interest Entities Operating Revenues Electric
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sre Amounts Associated With Variable Interest Entities Operating Revenues Gas
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sre Amounts Associated With Variable Interest Entities Earnings
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CY2012Q3 sre Amounts Associated With Variable Interest Entities Earnings
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CY2013Q3 sre Amounts Associated With Variable Interest Entities Earnings
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CY2011Q4 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Accretion Expense
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us-gaap Asset Retirement Obligation Accretion Expense
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us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2013Q3 us-gaap Asset Retirement Obligation
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CY2012Q3 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Revision Of Estimate
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us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2012Q4 us-gaap Assets Held In Trust Noncurrent
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CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2013Q3 sre Preferred Stock Redeemed
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CY2013Q3 sre Preferred Stock Redemption Price Per Share Minimum
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2012Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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CY2013Q3 us-gaap Interest Costs Capitalized
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CY2012Q3 sre Capitalized Financing Costs
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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us-gaap Interest Costs Capitalized
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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us-gaap Interest Costs Capitalized
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CY2013Q2 sre Component Of Accumulated Other Comprehensive Income Loss
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CY2013Q3 sre Amounts Reclassified From Accumulated Other Comprehensive Income
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CY2013Q3 sre Component Of Accumulated Other Comprehensive Income Loss
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CY2012Q4 sre Component Of Accumulated Other Comprehensive Income Loss
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
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us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
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us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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us-gaap Stock Repurchased During Period Value
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