2015 Q3 Form 10-Q Financial Statement

#000031076415000153 Filed on October 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $2.420B $2.618B $2.389B
YoY Change 1.3% 6.08% 11.06%
Cost Of Revenue $796.0M $899.0M $829.0M
YoY Change -3.98% 10.31% 21.55%
Gross Profit $1.624B $1.718B $1.560B
YoY Change 4.1% 6.31% 6.19%
Gross Profit Margin 67.11% 65.62% 65.3%
Selling, General & Admin $887.0M $849.0M $878.0M
YoY Change 1.03% 8.85% -22.71%
% of Gross Profit 54.62% 49.42% 56.28%
Research & Development $155.0M $153.0M $153.0M
YoY Change 1.31% 10.07% 12.5%
% of Gross Profit 9.54% 8.91% 9.81%
Depreciation & Amortization $101.0M $96.00M $47.00M
YoY Change 114.89% 17.07% 11.9%
% of Gross Profit 6.22% 5.59% 3.01%
Operating Expenses $1.246B $1.048B $1.110B
YoY Change 12.25% 9.74% -15.85%
Operating Profit $378.0M $670.0M $450.0M
YoY Change -16.0% 1.36% 200.0%
Interest Expense $15.00M
YoY Change
% of Operating Profit 2.24%
Other Income/Expense, Net -$33.00M -$22.00M -$25.00M
YoY Change 32.0% -2300.0% 92.31%
Pretax Income $345.0M $461.0M $425.0M
YoY Change -18.82% 6.96% 210.22%
Income Tax $44.00M $201.0M $368.0M
% Of Pretax Income 12.75% 43.6% 86.59%
Net Earnings $301.0M $260.0M $57.00M
YoY Change 428.07% -32.64% -44.66%
Net Earnings / Revenue 12.44% 9.93% 2.39%
Basic Earnings Per Share $0.80 $0.68 $0.16
Diluted Earnings Per Share $0.79 $0.67 $0.16
COMMON SHARES
Basic Shares Outstanding 376.3M shares 378.4M shares
Diluted Shares Outstanding 380.7M shares 382.5M shares

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.451B $5.104B $4.754B
YoY Change -27.41% 25.96% -8.66%
Cash & Equivalents $3.163B $1.795B $1.356B
Short-Term Investments $288.0M $3.309B $3.398B
Other Short-Term Assets $1.500B $524.0M $1.454B
YoY Change 3.16% -62.97% 14.04%
Inventory $1.665B $1.588B $1.666B
Prepaid Expenses $567.0M $524.0M $467.0M
Receivables $1.496B $1.572B $1.529B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.033B $8.684B $9.326B
YoY Change -13.86% 4.19% 1.51%
LONG-TERM ASSETS
Property, Plant & Equipment $1.128B $1.098B $1.104B
YoY Change 2.17% 1.57% 6.56%
Goodwill $4.160B $4.186B $4.257B
YoY Change -2.28% 8.9% 63.54%
Intangibles $1.861B $2.018B $2.108B
YoY Change -11.72% 1.46% 36.97%
Long-Term Investments
YoY Change
Other Assets $735.0M $1.293B $720.0M
YoY Change 2.08% 161.74% 39.0%
Total Long-Term Assets $7.884B $8.574B $8.189B
YoY Change -3.72% 21.38% 43.77%
TOTAL ASSETS
Total Short-Term Assets $8.033B $8.684B $9.326B
Total Long-Term Assets $7.884B $8.574B $8.189B
Total Assets $15.92B $17.26B $17.52B
YoY Change -9.12% 12.07% 17.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $340.0M $329.0M $335.0M
YoY Change 1.49% 4.78% 20.5%
Accrued Expenses $1.942B $2.928B $2.633B
YoY Change -26.24% 41.52% 39.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $971.0M $727.0M $731.0M
YoY Change 32.83% 2808.0% 2258.06%
Total Short-Term Liabilities $3.553B $4.461B $4.211B
YoY Change -15.63% 67.9% 81.2%
LONG-TERM LIABILITIES
Long-Term Debt $2.511B $3.246B $3.231B
YoY Change -22.28% 18.51% 17.79%
Other Long-Term Liabilities $1.369B $977.0M $1.449B
YoY Change -5.52% -24.85% 34.29%
Total Long-Term Liabilities $3.880B $4.223B $4.680B
YoY Change -17.09% 4.56% 22.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.553B $4.461B $4.211B
Total Long-Term Liabilities $3.880B $4.223B $4.680B
Total Liabilities $7.433B $8.684B $8.891B
YoY Change -16.4% 29.69% 44.66%
SHAREHOLDERS EQUITY
Retained Earnings $7.656B $7.559B $7.430B
YoY Change 3.04% -0.76% 0.26%
Common Stock $1.319B $1.252B $1.230B
YoY Change 7.24% 7.93% 7.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.484B $8.595B $8.624B
YoY Change
Total Liabilities & Shareholders Equity $15.92B $17.28B $17.52B
YoY Change -9.12% 9.76% 17.68%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $301.0M $260.0M $57.00M
YoY Change 428.07% -32.64% -44.66%
Depreciation, Depletion And Amortization $101.0M $96.00M $47.00M
YoY Change 114.89% 17.07% 11.9%
Cash From Operating Activities -$509.0M $679.0M $535.0M
YoY Change -195.14% 1.04% -13.99%
INVESTING ACTIVITIES
Capital Expenditures -$77.00M -$61.00M $48.00M
YoY Change -260.42% 8.93% 11.63%
Acquisitions $368.0M
YoY Change 1433.33%
Other Investing Activities $392.0M -$27.00M -$376.0M
YoY Change -204.26% -88.51% 15.69%
Cash From Investing Activities $315.0M -$88.00M -$424.0M
YoY Change -174.29% -69.76% 15.22%
FINANCING ACTIVITIES
Cash Dividend Paid $115.0M
YoY Change 15.0%
Common Stock Issuance & Retirement, Net $40.00M
YoY Change 1900.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -251.0M -82.00M -$67.00M
YoY Change 274.63% -46.41% -36.19%
NET CHANGE
Cash From Operating Activities -509.0M 679.0M $535.0M
Cash From Investing Activities 315.0M -88.00M -$424.0M
Cash From Financing Activities -251.0M -82.00M -$67.00M
Net Change In Cash -445.0M 509.0M $44.00M
YoY Change -1111.36% 123.25% -70.47%
FREE CASH FLOW
Cash From Operating Activities -$509.0M $679.0M $535.0M
Capital Expenditures -$77.00M -$61.00M $48.00M
Free Cash Flow -$432.0M $740.0M $487.0M
YoY Change -188.71% 1.65% -15.89%

Facts In Submission

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