2011 Q2 Form 10-Q Financial Statement

#000009747611000030 Filed on August 05, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $3.458B $3.496B
YoY Change -1.09% 42.29%
Cost Of Revenue $1.705B $1.602B
YoY Change 6.43% 20.18%
Gross Profit $1.753B $1.894B
YoY Change -7.44% 68.51%
Gross Profit Margin 50.69% 54.18%
Selling, General & Admin $411.0M $378.0M
YoY Change 8.73% 15.6%
% of Gross Profit 23.45% 19.96%
Research & Development $424.0M $392.0M
YoY Change 8.16% 6.23%
% of Gross Profit 24.19% 20.7%
Depreciation & Amortization $226.0M $227.0M
YoY Change -0.44% -2.58%
% of Gross Profit 12.89% 11.99%
Operating Expenses $835.0M $770.0M
YoY Change 8.44% 10.63%
Operating Profit $905.0M $1.107B
YoY Change -18.25% 158.64%
Interest Expense -$6.000M $0.00
YoY Change
% of Operating Profit -0.66% 0.0%
Other Income/Expense, Net $10.00M $4.000M
YoY Change 150.0% -69.23%
Pretax Income $909.0M $1.111B
YoY Change -18.18% 212.08%
Income Tax $237.0M $342.0M
% Of Pretax Income 26.07% 30.78%
Net Earnings $672.0M $769.0M
YoY Change -12.61% 195.77%
Net Earnings / Revenue 19.43% 22.0%
Basic Earnings Per Share $0.57 $0.63
Diluted Earnings Per Share $0.56 $0.62
COMMON SHARES
Basic Shares Outstanding 1.156B shares 1.208B shares
Diluted Shares Outstanding 1.180B shares 1.221B shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400B $2.305B
YoY Change 177.66% -9.86%
Cash & Equivalents $4.501B $1.138B
Short-Term Investments $1.899B $1.167B
Other Short-Term Assets $1.026B $761.0M
YoY Change 34.82% -13.13%
Inventory $1.762B $1.349B
Prepaid Expenses
Receivables $1.672B $1.715B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.86B $6.130B
YoY Change 77.16% 6.79%
LONG-TERM ASSETS
Property, Plant & Equipment $3.714B $3.240B
YoY Change 14.63% 10.2%
Goodwill $924.0M
YoY Change
Intangibles $63.00M
YoY Change
Long-Term Investments $334.0M $557.0M
YoY Change -40.04% -11.87%
Other Assets $69.00M $985.0M
YoY Change -92.99% 0.31%
Total Long-Term Assets $6.238B $6.034B
YoY Change 3.38% 4.58%
TOTAL ASSETS
Total Short-Term Assets $10.86B $6.130B
Total Long-Term Assets $6.238B $6.034B
Total Assets $17.10B $12.16B
YoY Change 40.56% 5.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $623.0M $542.0M
YoY Change 14.94% 28.74%
Accrued Expenses $637.0M $978.0M
YoY Change -34.87% -1.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $1.753B $1.538B
YoY Change 13.98% 4.77%
LONG-TERM LIABILITIES
Long-Term Debt $3.498B $0.00
YoY Change
Other Long-Term Liabilities $852.0M $801.0M
YoY Change 6.37% 3.35%
Total Long-Term Liabilities $4.350B $801.0M
YoY Change 443.07% 3.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.753B $1.538B
Total Long-Term Liabilities $4.350B $801.0M
Total Liabilities $6.195B $2.409B
YoY Change 157.16% 4.88%
SHAREHOLDERS EQUITY
Retained Earnings $25.73B
YoY Change
Common Stock $2.849B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.99B
YoY Change
Treasury Stock Shares 585.2M shares
Shareholders Equity $10.90B $9.755B
YoY Change
Total Liabilities & Shareholders Equity $17.10B $12.16B
YoY Change 40.56% 5.68%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $672.0M $769.0M
YoY Change -12.61% 195.77%
Depreciation, Depletion And Amortization $226.0M $227.0M
YoY Change -0.44% -2.58%
Cash From Operating Activities $631.0M $562.0M
YoY Change 12.28% 0.9%
INVESTING ACTIVITIES
Capital Expenditures -$276.0M -$283.0M
YoY Change -2.47% 489.58%
Acquisitions
YoY Change
Other Investing Activities -$268.0M $487.0M
YoY Change -155.03% 156.32%
Cash From Investing Activities -$544.0M $204.0M
YoY Change -366.67% 43.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.071B -845.0M
YoY Change -463.43% 128.38%
NET CHANGE
Cash From Operating Activities 631.0M 562.0M
Cash From Investing Activities -544.0M 204.0M
Cash From Financing Activities 3.071B -845.0M
Net Change In Cash 3.158B -79.00M
YoY Change -4097.47% -124.01%
FREE CASH FLOW
Cash From Operating Activities $631.0M $562.0M
Capital Expenditures -$276.0M -$283.0M
Free Cash Flow $907.0M $845.0M
YoY Change 7.34% 39.67%

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us-gaap Payments For Repurchase Of Equity
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us-gaap Payments Of Dividends
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us-gaap Payments To Acquire Available For Sale Securities
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CY2011Q2 us-gaap Preferred Stock Shares Authorized
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