2016 Q1 Form 10-Q Financial Statement

#000008652116000100 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q1
Revenue $2.622B $2.701B $2.682B
YoY Change -2.24% -1.67% -4.04%
Cost Of Revenue $35.00M $37.00M $35.00M
YoY Change 0.0% -9.76% -7.89%
Gross Profit $2.588B $2.655B $2.644B
YoY Change -2.12% -1.34% -4.27%
Gross Profit Margin 98.7% 98.3% 98.58%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $328.0M $325.0M $303.0M
YoY Change 8.25% 12.07% 5.94%
% of Gross Profit 12.67% 12.24% 11.46%
Operating Expenses $2.009B $2.394B $1.974B
YoY Change 1.77% 4.59% -15.96%
Operating Profit $579.0M $261.0M $670.0M
YoY Change -13.58% -35.07% 62.23%
Interest Expense $143.0M $124.0M $134.0M
YoY Change 6.72% -237.78% -1.47%
% of Operating Profit 24.7% 47.51% 20.0%
Other Income/Expense, Net $49.00M $34.00M $39.00M
YoY Change 25.64% 385.71% -2.5%
Pretax Income $455.0M $432.0M $606.0M
YoY Change -24.92% 37.58% 56.59%
Income Tax $108.0M $65.00M $163.0M
% Of Pretax Income 23.74% 15.05% 26.9%
Net Earnings $353.0M $369.0M $437.0M
YoY Change -19.22% 24.24% 76.92%
Net Earnings / Revenue 13.46% 13.66% 16.29%
Basic Earnings Per Share $1.41 $1.48 $1.76
Diluted Earnings Per Share $1.40 $1.47 $1.74
COMMON SHARES
Basic Shares Outstanding 249.7M shares 248.7M shares 247.7M shares
Diluted Shares Outstanding 251.5M shares 251.5M shares 251.2M shares

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $376.0M $403.0M $377.0M
YoY Change -0.27% -29.3% -55.33%
Cash & Equivalents $376.0M $403.0M $377.0M
Short-Term Investments
Other Short-Term Assets $273.0M $267.0M $354.0M
YoY Change -22.88% -8.87% 96.67%
Inventory $231.0M $298.0M $255.0M
Prepaid Expenses
Receivables $1.100B $1.283B $1.081B
Other Receivables $226.0M $220.0M $228.0M
Total Short-Term Assets $2.883B $2.891B $3.656B
YoY Change -21.14% -30.9% -13.45%
LONG-TERM ASSETS
Property, Plant & Equipment $28.43B $28.04B $26.24B
YoY Change 8.37% 8.25% 3.08%
Goodwill $849.0M $819.0M $903.0M
YoY Change -5.98% -12.03% -9.61%
Intangibles $402.0M $404.0M $412.0M
YoY Change -2.43% -2.65% -2.6%
Long-Term Investments $2.727B $2.889B $4.117B
YoY Change -33.76% -30.67% 7972.55%
Other Assets $825.0M $641.0M $682.0M
YoY Change 20.97% 14.26% -40.49%
Total Long-Term Assets $38.95B $38.26B $35.90B
YoY Change 8.52% 7.87% 7.92%
TOTAL ASSETS
Total Short-Term Assets $2.883B $2.891B $3.656B
Total Long-Term Assets $38.95B $38.26B $35.90B
Total Assets $41.84B $41.15B $39.55B
YoY Change 5.77% 3.78% 5.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.041B $1.147B $907.0M
YoY Change 14.77% -4.42% -14.6%
Accrued Expenses $259.0M $423.0M $238.0M
YoY Change 8.82% 13.4% -8.46%
Deferred Revenue
YoY Change
Short-Term Debt $1.177B $622.0M $795.0M
YoY Change 48.05% -64.11% -26.66%
Long-Term Debt Due $1.066B $907.0M $477.0M
YoY Change 123.48% 93.39% 391.75%
Total Short-Term Liabilities $5.132B $4.612B $3.770B
YoY Change 36.13% -9.02% -2.71%
LONG-TERM LIABILITIES
Long-Term Debt $12.98B $13.13B $13.01B
YoY Change -0.28% 8.67% 11.21%
Other Long-Term Liabilities $1.188B $1.176B $1.118B
YoY Change 6.26% 6.52% -6.44%
Total Long-Term Liabilities $1.188B $1.176B $1.118B
YoY Change 6.26% 6.52% -6.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.132B $4.612B $3.770B
Total Long-Term Liabilities $1.188B $1.176B $1.118B
Total Liabilities $6.320B $5.788B $4.888B
YoY Change 29.3% -6.24% -3.59%
SHAREHOLDERS EQUITY
Retained Earnings $10.13B $9.994B $9.603B
YoY Change 5.44% 7.01% 7.75%
Common Stock $2.642B $2.621B $2.514B
YoY Change 5.09% 5.52% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.95B $11.81B $11.50B
YoY Change
Total Liabilities & Shareholders Equity $41.84B $41.15B $39.55B
YoY Change 5.77% 3.57% 5.51%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q1
OPERATING ACTIVITIES
Net Income $353.0M $369.0M $437.0M
YoY Change -19.22% 24.24% 76.92%
Depreciation, Depletion And Amortization $328.0M $325.0M $303.0M
YoY Change 8.25% 12.07% 5.94%
Cash From Operating Activities $626.0M $809.0M $811.0M
YoY Change -22.81% 61.8% -10.29%
INVESTING ACTIVITIES
Capital Expenditures $971.0M -$1.053B $780.0M
YoY Change 24.49% 15.59% -178.08%
Acquisitions $0.00 $2.000M
YoY Change -100.0%
Other Investing Activities $3.000M $164.0M -$9.000M
YoY Change -133.33% 368.57% -550.0%
Cash From Investing Activities -$989.0M -$889.0M -$770.0M
YoY Change 28.44% 1.48% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.00M $48.00M
YoY Change -18.75% 84.62%
Debt Paid & Issued, Net $54.00M $654.0M
YoY Change -91.74% -42.53%
Cash From Financing Activities $330.0M -205.0M -$231.0M
YoY Change -242.86% -172.7% 19.69%
NET CHANGE
Cash From Operating Activities $626.0M 809.0M $811.0M
Cash From Investing Activities -$989.0M -889.0M -$770.0M
Cash From Financing Activities $330.0M -205.0M -$231.0M
Net Change In Cash -$33.00M -285.0M -$190.0M
YoY Change -82.63% 203.19% 222.03%
FREE CASH FLOW
Cash From Operating Activities $626.0M $809.0M $811.0M
Capital Expenditures $971.0M -$1.053B $780.0M
Free Cash Flow -$345.0M $1.862B $31.00M
YoY Change -1212.9% 31.96% -98.37%

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0 USD
CY2015Q1 sre Allowance For Funds Used During Construction From Capitalized Equity Costs
AllowanceForFundsUsedDuringConstructionFromCapitalizedEquityCosts
27000000 USD
CY2016Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
4500000000 USD
CY2016Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
67000000 USD
CY2016Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7000000 USD
CY2015Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
8000000 USD
CY2016Q1 us-gaap Maximum Length Of Time Hedged In Interest Rate Cash Flow Hedge1
MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1
P13Y
CY2016Q1 us-gaap Cumulative Effect On Retained Earnings Tax1
CumulativeEffectOnRetainedEarningsTax1
107000000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
CY2016Q2 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
323000000 USD
CY2016Q2 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
67000000 USD
CY2015Q1 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
35000000 USD
CY2015Q1 us-gaap Cost Of Domestic Regulated Electric
CostOfDomesticRegulatedElectric
481000000 USD
CY2016Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
7000000 USD

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