2016 Q2 Form 10-Q Financial Statement

#000160171216000143 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.00M $44.00M
YoY Change 22.73% 37.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $303.0M $270.0M
YoY Change 12.22% 31.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $771.0M $861.0M
YoY Change -10.45% 12.7%
Income Tax $282.0M $320.0M
% Of Pretax Income 36.58% 37.17%
Net Earnings $489.0M $541.0M
YoY Change -9.61% 14.62%
Net Earnings / Revenue
Basic Earnings Per Share $0.59 $0.65
Diluted Earnings Per Share $0.58 $0.65
COMMON SHARES
Basic Shares Outstanding 833.9M shares 834.0M shares
Diluted Shares Outstanding 836.2M shares 835.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $11.79B $10.62B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $949.0M $949.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $82.38B $75.75B
YoY Change 8.76% 19.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.947B $2.708B
YoY Change 8.83% -19.09%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.947B $2.708B
YoY Change 8.83% -31.84%
LONG-TERM LIABILITIES
Long-Term Debt $19.30B $23.69B
YoY Change -18.56% 6.02%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $19.30B $23.69B
YoY Change -18.56% 6.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.947B $2.708B
Total Long-Term Liabilities $19.30B $23.69B
Total Liabilities $68.67B $64.17B
YoY Change 7.01% 13.01%
SHAREHOLDERS EQUITY
Retained Earnings $4.364B $2.172B
YoY Change 100.92%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.72B $11.58B
YoY Change
Total Liabilities & Shareholders Equity $82.38B $75.75B
YoY Change 8.76% 19.91%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $489.0M $541.0M
YoY Change -9.61% 14.62%
Depreciation, Depletion And Amortization $54.00M $44.00M
YoY Change 22.73% 37.5%
Cash From Operating Activities $1.472B $1.313B
YoY Change 12.11% 7.01%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.436B -$4.341B
YoY Change -43.88% 50.73%
Cash From Investing Activities -$2.436B -$4.341B
YoY Change -43.88% 50.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 251.0M 2.431B
YoY Change -89.68% -21.68%
NET CHANGE
Cash From Operating Activities 1.472B 1.313B
Cash From Investing Activities -2.436B -4.341B
Cash From Financing Activities 251.0M 2.431B
Net Change In Cash -713.0M -597.0M
YoY Change 19.43% -141.14%
FREE CASH FLOW
Cash From Operating Activities $1.472B $1.313B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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WeightedAverageNumberOfSharesOutstandingBasic
834000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
834000000 shares
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Interim Period Presentation</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The condensed consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed consolidated financial statements should not be considered as necessarily indicative of results that may be expected for the entire year. These condensed consolidated financial statements should be read in conjunction with our 2015 annual consolidated and combined financial statements and the related notes in our Annual Report on Form 10-K for the year ended </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;"> (our "2015 Form 10-K"). </font></div></div>

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