2014 Form 10-K Financial Statement
#000094469515000020 Filed on February 24, 2015
Income Statement
| Concept | 2014 |
|---|---|
| Revenue | $5.073B |
| YoY Change | 5.83% |
| 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 | $33.50M |
| YoY Change | -96.55% |
| % of Gross Profit | |
| Operating Expenses | $4.624B |
| YoY Change | 5.12% |
| Operating Profit | |
| YoY Change | |
| Interest Expense | -$65.20M |
| YoY Change | -0.15% |
| % of Operating Profit | |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | $378.0M |
| YoY Change | 15.21% |
| Income Tax | $95.70M |
| % Of Pretax Income | 25.32% |
| Net Earnings | $282.0M |
| YoY Change | 12.35% |
| Net Earnings / Revenue | 5.56% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | $6.281M |
| COMMON SHARES | |
| Basic Shares Outstanding | 44.00M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | |
| YoY Change | |
| Cash & Equivalents | $373.0M |
| 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 | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $8.250B |
| YoY Change | 8.65% |
| Other Assets | $243.0M |
| YoY Change | -31.55% |
| Total Long-Term Assets | |
| YoY Change | |
| TOTAL ASSETS | |
| Total Short-Term Assets | |
| Total Long-Term Assets | |
| Total Assets | $13.76B |
| YoY Change | 2.85% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | |
| YoY Change | |
| Accrued Expenses | |
| YoY Change | |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $695.0M |
| YoY Change | 9.11% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $904.0M |
| YoY Change | 0.0% |
| Other Long-Term Liabilities | $114.0M |
| YoY Change | -5.79% |
| Total Long-Term Liabilities | $1.018B |
| YoY Change | -0.68% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $695.0M |
| Total Long-Term Liabilities | $1.018B |
| Total Liabilities | $10.92B |
| YoY Change | 1.22% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $2.844B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $13.76B |
| YoY Change | 2.85% |
Cashflow Statement
| Concept | 2014 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $282.0M |
| YoY Change | 12.35% |
| Depreciation, Depletion And Amortization | $33.50M |
| YoY Change | -96.55% |
| Cash From Operating Activities | $564.7M |
| YoY Change | 47.1% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$11.20M |
| YoY Change | -148.91% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$589.5M |
| YoY Change | 75.55% |
| Cash From Investing Activities | -$600.7M |
| YoY Change | 67.47% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -71.70M |
| YoY Change | -32.04% |
| NET CHANGE | |
| Cash From Operating Activities | 564.7M |
| Cash From Investing Activities | -600.7M |
| Cash From Financing Activities | -71.70M |
| Net Change In Cash | -107.7M |
| YoY Change | 34.12% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $564.7M |
| Capital Expenditures | -$11.20M |
| Free Cash Flow | $575.9M |
| YoY Change | 59.53% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
44000000 | |
| CY2012 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
687000000 | |
| CY2013 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
617700000 | |
| CY2014 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
696400000 | |
| CY2012 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
689100000 | |
| CY2013 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
602500000 | |
| CY2014 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
688100000 | |
| CY2012 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
800800000 | |
| CY2013 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
713500000 | |
| CY2014 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
665900000 | |
| CY2012 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
835800000 | |
| CY2013 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
649000000 | |
| CY2014 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
655300000 | |
| CY2012 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
588400000 | |
| CY2013 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
350600000 | |
| CY2014 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
358000000 | |
| CY2014Q4 | us-gaap |
Summary Of Investments Other Than Investments In Related Parties Cost
SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
|
7940100000 | |
| CY2012Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Discount Deducted From Reserves
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersDiscountDeductedFromReserves
|
||
| CY2013Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Discount Deducted From Reserves
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersDiscountDeductedFromReserves
|
||
| CY2014Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Discount Deducted From Reserves
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersDiscountDeductedFromReserves
|
||
| CY2012Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Reserves For Unpaid Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersReservesForUnpaidClaimsAndClaimsAdjustmentExpense
|
6197000000 | |
| CY2013Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Reserves For Unpaid Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersReservesForUnpaidClaimsAndClaimsAdjustmentExpense
|
6231500000 | |
| CY2014Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Reserves For Unpaid Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersReservesForUnpaidClaimsAndClaimsAdjustmentExpense
|
6391700000 | |
| CY2012Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Unearned Premiums
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersUnearnedPremiums
|
2474800000 | |
| CY2013Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Unearned Premiums
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersUnearnedPremiums
|
2515800000 | |
| CY2014Q4 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Unearned Premiums
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersUnearnedPremiums
|
2583900000 | |
| CY2012 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
|
311400000 | |
| CY2013 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
|
172300000 | |
| CY2014 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
|
266100000 |
