2015 Q2 Form 10-Q Financial Statement

#000031076415000109 Filed on July 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $2.432B $2.363B
YoY Change 2.92% 6.83%
Cost Of Revenue $827.0M $815.0M
YoY Change 1.47% 11.64%
Gross Profit $1.605B $1.548B
YoY Change 3.68% 4.45%
Gross Profit Margin 66.0% 65.51%
Selling, General & Admin $861.0M $870.0M
YoY Change -1.03% -14.29%
% of Gross Profit 53.64% 56.2%
Research & Development $154.0M $158.0M
YoY Change -2.53% 19.7%
% of Gross Profit 9.6% 10.21%
Depreciation & Amortization $94.00M $47.00M
YoY Change 100.0% 9.3%
% of Gross Profit 5.86% 3.04%
Operating Expenses $1.176B $1.351B
YoY Change -12.95% 13.34%
Operating Profit $429.0M $197.0M
YoY Change 117.77% -32.07%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$28.00M -$30.00M
YoY Change -6.67% 42.86%
Pretax Income $401.0M $167.0M
YoY Change 140.12% -37.92%
Income Tax $9.000M $39.00M
% Of Pretax Income 2.24% 23.35%
Net Earnings $392.0M $128.0M
YoY Change 206.25% -39.91%
Net Earnings / Revenue 16.12% 5.42%
Basic Earnings Per Share $1.04 $0.34
Diluted Earnings Per Share $1.03 $0.33
COMMON SHARES
Basic Shares Outstanding 377.0M shares 378.8M shares
Diluted Shares Outstanding 381.1M shares 382.7M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.360B $4.822B
YoY Change -9.58% 2.29%
Cash & Equivalents $3.626B $1.319B
Short-Term Investments $734.0M $3.503B
Other Short-Term Assets $1.540B $1.546B
YoY Change -0.39% 20.88%
Inventory $1.619B $1.587B
Prepaid Expenses $585.0M $605.0M
Receivables $1.500B $1.503B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.936B $9.381B
YoY Change -4.74% 7.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.102B $1.127B
YoY Change -2.22% 10.38%
Goodwill $4.125B $4.101B
YoY Change 0.59% 59.39%
Intangibles $1.925B $2.090B
YoY Change -7.89% 35.28%
Long-Term Investments
YoY Change
Other Assets $731.0M $530.0M
YoY Change 37.92% -4.33%
Total Long-Term Assets $7.883B $7.848B
YoY Change 0.45% 37.85%
TOTAL ASSETS
Total Short-Term Assets $8.936B $9.381B
Total Long-Term Assets $7.883B $7.848B
Total Assets $16.82B $17.23B
YoY Change -2.38% 19.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $342.0M $337.0M
YoY Change 1.48% 21.66%
Accrued Expenses $2.867B $2.522B
YoY Change 13.68% 66.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $227.0M $630.0M
YoY Change -63.97% 2072.41%
Total Short-Term Liabilities $3.723B $3.713B
YoY Change 0.27% 88.38%
LONG-TERM LIABILITIES
Long-Term Debt $3.242B $3.237B
YoY Change 0.15% 18.05%
Other Long-Term Liabilities $1.349B $1.277B
YoY Change 5.64% 19.79%
Total Long-Term Liabilities $4.591B $4.514B
YoY Change 1.71% 18.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.723B $3.713B
Total Long-Term Liabilities $4.591B $4.514B
Total Liabilities $8.314B $8.227B
YoY Change 1.06% 42.36%
SHAREHOLDERS EQUITY
Retained Earnings $7.600B $7.525B
YoY Change 1.0% 1.55%
Common Stock $1.298B $1.208B
YoY Change 7.45% 7.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.505B $9.002B
YoY Change
Total Liabilities & Shareholders Equity $16.82B $17.23B
YoY Change -2.38% 19.8%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $392.0M $128.0M
YoY Change 206.25% -39.91%
Depreciation, Depletion And Amortization $94.00M $47.00M
YoY Change 100.0% 9.3%
Cash From Operating Activities $357.0M $366.0M
YoY Change -2.46% 2.81%
INVESTING ACTIVITIES
Capital Expenditures -$68.00M $54.00M
YoY Change -225.93% 14.89%
Acquisitions $185.0M
YoY Change 198.39%
Other Investing Activities $1.968B -$961.0M
YoY Change -304.79% -16.51%
Cash From Investing Activities $1.900B -$1.015B
YoY Change -287.19% -15.28%
FINANCING ACTIVITIES
Cash Dividend Paid $116.0M
YoY Change 16.0%
Common Stock Issuance & Retirement, Net $60.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -317.0M $588.0M
YoY Change -153.91% -732.26%
NET CHANGE
Cash From Operating Activities 357.0M $366.0M
Cash From Investing Activities 1.900B -$1.015B
Cash From Financing Activities -317.0M $588.0M
Net Change In Cash 1.940B -$61.00M
YoY Change -3280.33% -93.48%
FREE CASH FLOW
Cash From Operating Activities $357.0M $366.0M
Capital Expenditures -$68.00M $54.00M
Free Cash Flow $425.0M $312.0M
YoY Change 36.22% 0.97%

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