2016 Q1 Form 10-Q Financial Statement
#000111316916000041 Filed on April 26, 2016
Income Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
Revenue | $994.1M | $1.027B |
YoY Change | -3.2% | 7.58% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $453.6M | $447.6M |
YoY Change | 1.34% | 9.01% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $32.20M | $29.10M |
YoY Change | 10.65% | 7.38% |
% of Gross Profit | ||
Operating Expenses | $583.2M | $549.2M |
YoY Change | 6.19% | 8.64% |
Operating Profit | $410.9M | $477.8M |
YoY Change | -14.0% | 6.39% |
Interest Expense | $85.10M | $27.90M |
YoY Change | 205.02% | -33.73% |
% of Operating Profit | 20.71% | 5.84% |
Other Income/Expense, Net | $85.10M | $26.80M |
YoY Change | 217.54% | |
Pretax Income | $496.0M | $504.6M |
YoY Change | -1.7% | 2.73% |
Income Tax | $182.7M | $195.1M |
% Of Pretax Income | 36.83% | 38.66% |
Net Earnings | $304.1M | $309.5M |
YoY Change | -1.74% | 1.71% |
Net Earnings / Revenue | 30.59% | 30.14% |
Basic Earnings Per Share | $1.21 | $1.16 |
Diluted Earnings Per Share | $1.18 | $1.13 |
COMMON SHARES | ||
Basic Shares Outstanding | 246.7M shares | 258.7M shares |
Diluted Shares Outstanding | 251.9M shares | 265.7M shares |
Balance Sheet
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.323B | $1.810B |
YoY Change | -26.91% | 4.08% |
Cash & Equivalents | $1.400B | $1.810B |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $428.0M | $447.0M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $1.751B | $2.257B |
YoY Change | -22.42% | 4.54% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $613.0M | $599.0M |
YoY Change | 2.34% | 4.76% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $3.351B | $2.309B |
YoY Change | 45.13% | 16.38% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $4.453B | $3.705B |
YoY Change | 20.19% | 12.14% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.751B | $2.257B |
Total Long-Term Assets | $4.453B | $3.705B |
Total Assets | $6.204B | $5.962B |
YoY Change | 4.06% | 9.14% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $172.0M | $138.0M |
YoY Change | 24.64% | 15.97% |
Accrued Expenses | $216.0M | $141.0M |
YoY Change | 53.19% | 6.02% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $556.0M | $960.0M |
YoY Change | -42.08% | 125.88% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $59.00M | |
YoY Change | ||
Total Long-Term Liabilities | $59.00M | $0.00 |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $556.0M | $960.0M |
Total Long-Term Liabilities | $59.00M | $0.00 |
Total Liabilities | $615.0M | $960.0M |
YoY Change | -35.94% | 125.51% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $712.9M | $764.1M |
YoY Change | -6.7% | -22.2% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.764B | $5.002B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.204B | $5.962B |
YoY Change | 4.06% | 9.14% |
Cashflow Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $304.1M | $309.5M |
YoY Change | -1.74% | 1.71% |
Depreciation, Depletion And Amortization | $32.20M | $29.10M |
YoY Change | 10.65% | 7.38% |
Cash From Operating Activities | $72.50M | $543.8M |
YoY Change | -86.67% | 11.64% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $35.20M | $41.30M |
YoY Change | -14.77% | 62.6% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $4.000M |
YoY Change | -100.0% | 17.65% |
Cash From Investing Activities | $207.8M | -$34.10M |
YoY Change | -709.38% | 14.43% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $135.9M | $135.4M |
YoY Change | 0.37% | 16.93% |
Common Stock Issuance & Retirement, Net | $206.7M | $113.6M |
YoY Change | 81.95% | 262.94% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$50.80M | -$205.4M |
YoY Change | -75.27% | 77.07% |
NET CHANGE | ||
Cash From Operating Activities | $72.50M | $543.8M |
Cash From Investing Activities | $207.8M | -$34.10M |
Cash From Financing Activities | -$50.80M | -$205.4M |
Net Change In Cash | $229.5M | $304.3M |
YoY Change | -24.58% | -10.84% |
FREE CASH FLOW | ||
Cash From Operating Activities | $72.50M | $543.8M |
Capital Expenditures | $35.20M | $41.30M |
Free Cash Flow | $37.30M | $502.5M |
YoY Change | -92.58% | 8.84% |
Facts In Submission
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CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
40100000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1800000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2100000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-25000000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
16600000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
52300000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-3600000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-16400000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
17000000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-6300000 | USD |
CY2015Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
72500000 | USD |
CY2016Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
97400000 | USD |
CY2015Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
38300000 | USD |
CY2016Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
41400000 | USD |
CY2015Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
5100000 | USD |
CY2016Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
6900000 | USD |
CY2015Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1100000 | USD |
CY2016Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2015Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
8400000 | USD |
CY2016Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
5600000 | USD |
CY2015Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
8400000 | USD |
CY2016Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
5600000 | USD |
CY2015Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
113600000 | USD |
CY2016Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
206700000 | USD |
CY2015Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
135400000 | USD |
CY2016Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
135900000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
45500000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
2300000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
41300000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35200000 | USD |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.2 | |
CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.2 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
0 | USD |
CY2016Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
270800000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
52700000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
176200000 | USD |
CY2015Q1 | us-gaap |
Profit Loss
ProfitLoss
|
309500000 | USD |
CY2016Q1 | us-gaap |
Profit Loss
ProfitLoss
|
304400000 | USD |
CY2015Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
0 | USD |
CY2016Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
825100000 | USD |
CY2016Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
-100000 | USD |
CY2015Q4 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
3970700000 | USD |
CY2016Q1 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
4021800000 | USD |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
74.66 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
74.66 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
73.26 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
74.39 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
18726499 | shares |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
52.55 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
1344 | shares |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
208376 | shares |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
30818229 | shares |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
29467127 | shares |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
59.24 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
59.62 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
47.22 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
71.61 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
72.35 | |
CY2016Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
1141382 | shares |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-200000 | USD |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
0 | USD |
CY2016Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
206700000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4762000000 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4763800000 | USD |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
265700000 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
251500000 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
258700000 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
246700000 | shares |