2014 Q4 Form 10-K Financial Statement

#000119312515056493 Filed on February 20, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $9.313B $9.329B $10.23B
YoY Change -0.17% 7.21% 3.22%
Cost Of Revenue $4.325B $4.754B $5.126B
YoY Change -9.02% -8.82% -8.97%
Gross Profit $4.988B $4.575B $5.102B
YoY Change 9.03% 31.16% 19.26%
Gross Profit Margin 53.56% 49.04% 49.88%
Selling, General & Admin $2.585B $2.452B $2.586B
YoY Change 5.42% 6.61% 8.02%
% of Gross Profit 51.82% 53.6% 50.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.679B $1.689B $435.0M
YoY Change -0.59% 338.7% 14.78%
% of Gross Profit 33.66% 36.92% 8.53%
Operating Expenses $4.184B $4.175B $4.383B
YoY Change 0.22% 17.94% 22.98%
Operating Profit $625.0M $235.0M $508.0M
YoY Change 165.96% -150.54% 154.0%
Interest Expense -$159.0M -$174.0M $195.0M
YoY Change -8.62% -6.45% -3.47%
% of Operating Profit -25.44% -74.04% 38.39%
Other Income/Expense, Net -$443.0M $51.00M -$126.0M
YoY Change -968.63% 168.42% -31.89%
Pretax Income $23.00M $112.0M $382.0M
YoY Change -79.46% -117.72% 2446.67%
Income Tax -$6.000M -$7.000M $3.000M
% Of Pretax Income -26.09% -6.25% 0.79%
Net Earnings $28.00M $140.0M $379.0M
YoY Change -80.0% -122.58% 6216.67%
Net Earnings / Revenue 0.3% 1.5% 3.71%
Basic Earnings Per Share $0.08 $0.39 $1.06
Diluted Earnings Per Share $0.07 $0.37 $0.98
COMMON SHARES
Basic Shares Outstanding 369.1M shares 361.9M shares 357.0M shares
Diluted Shares Outstanding 395.0M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.384B $5.121B $5.736B
YoY Change -14.39% -21.73% -14.13%
Cash & Equivalents $2.002B $3.220B $3.935B
Short-Term Investments $2.382B $1.901B $1.801B
Other Short-Term Assets $1.351B $1.500B $1.366B
YoY Change -9.93% 1.83% -12.27%
Inventory $666.0M $667.0M $646.0M
Prepaid Expenses
Receivables $1.146B $1.414B $1.641B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.547B $8.702B $9.389B
YoY Change -13.27% -13.4% -12.86%
LONG-TERM ASSETS
Property, Plant & Equipment $19.47B $18.05B $17.77B
YoY Change 7.87% 4.37% 5.69%
Goodwill $4.523B $4.523B $4.523B
YoY Change 0.0% 0.0% 0.0%
Intangibles $4.284B $4.436B $4.487B
YoY Change -3.43% -3.5% -3.51%
Long-Term Investments
YoY Change
Other Assets $9.581B $10.06B $10.11B
YoY Change -4.79% -2.18% -2.09%
Total Long-Term Assets $29.05B $28.11B $27.87B
YoY Change 3.34% 1.93% 2.73%
TOTAL ASSETS
Total Short-Term Assets $7.547B $8.702B $9.389B
Total Long-Term Assets $29.05B $28.11B $27.87B
Total Assets $36.60B $36.81B $37.26B
YoY Change -0.59% -2.17% -1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.882B $2.087B $2.126B
YoY Change -9.82% -9.73% -2.83%
Accrued Expenses $1.818B $1.696B $1.844B
YoY Change 7.19% -3.8% 38.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.313B $1.368B $957.0M
YoY Change -4.02% -24.5% -43.84%
Total Short-Term Liabilities $12.51B $12.11B $12.60B
YoY Change 3.31% -5.55% -3.47%
LONG-TERM LIABILITIES
Long-Term Debt $9.953B $10.17B $10.20B
YoY Change -2.14% -2.58% 6.38%
Other Long-Term Liabilities $11.17B $10.80B $1.298B
YoY Change 3.43% 690.41% -4.28%
Total Long-Term Liabilities $21.12B $10.80B $11.94B
YoY Change 95.61% -17.56% -5.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.51B $12.11B $12.60B
Total Long-Term Liabilities $21.12B $10.80B $11.94B
Total Liabilities $33.63B $22.90B $24.55B
YoY Change 46.82% -11.62% -4.33%
SHAREHOLDERS EQUITY
Retained Earnings -$3.883B -$5.015B -$5.155B
YoY Change -22.57% -10.22% 3.83%
Common Stock $7.725B $7.429B $7.414B
YoY Change 3.98% 3.93% 3.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $367.0M $38.00M $38.00M
YoY Change 865.79% 8.57% 18.75%
Treasury Stock Shares
Shareholders Equity $2.396B $2.984B $1.728B
YoY Change
Total Liabilities & Shareholders Equity $36.60B $36.81B $37.26B
YoY Change -0.59% -2.17% -1.7%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $28.00M $140.0M $379.0M
YoY Change -80.0% -122.58% 6216.67%
Depreciation, Depletion And Amortization $1.679B $1.689B $435.0M
YoY Change -0.59% 338.7% 14.78%
Cash From Operating Activities -$98.00M -$334.0M $237.0M
YoY Change -70.66% -471.11% -199.58%
INVESTING ACTIVITIES
Capital Expenditures -$660.0M -$765.0M -$578.0M
YoY Change -13.73% -22.65% 41.67%
Acquisitions
YoY Change
Other Investing Activities $34.00M $42.00M $112.0M
YoY Change -19.05% -125.77% -37.08%
Cash From Investing Activities -$626.0M -$723.0M -$466.0M
YoY Change -13.42% -37.24% 102.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -391.0M 342.0M 21.00M
YoY Change -214.33% -51.35% -104.29%
NET CHANGE
Cash From Operating Activities -98.00M -334.0M 237.0M
Cash From Investing Activities -626.0M -723.0M -466.0M
Cash From Financing Activities -391.0M 342.0M 21.00M
Net Change In Cash -1.115B -715.0M -208.0M
YoY Change 55.94% 99.16% -78.27%
FREE CASH FLOW
Cash From Operating Activities -$98.00M -$334.0M $237.0M
Capital Expenditures -$660.0M -$765.0M -$578.0M
Free Cash Flow $562.0M $431.0M $815.0M
YoY Change 30.39% -60.06% 379.41%

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PostemploymentBenefitsPeriodExpense
6000000
CY2014Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
43000000
CY2014Q3 ual Total Operating And Nonoperating Special Charges Net Of Income Taxes
TotalOperatingAndNonoperatingSpecialChargesNetOfIncomeTaxes
40000000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
235000000
CY2013Q4 us-gaap Revenues
Revenues
9329000000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
140000000
CY2013Q4 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-1000000
CY2013Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
33000000
CY2013Q4 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
40000000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7000000
CY2013Q4 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
165000000
CY2013Q4 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
91000000
CY2013Q4 ual Total Special Items Net Of Tax
TotalSpecialItemsNetOfTax
158000000
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
625000000
CY2014Q4 us-gaap Revenues
Revenues
9313000000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
28000000
CY2014Q4 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-5000000
CY2014Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-53000000
CY2014Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
16000000
CY2014Q4 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
17000000
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6000000
CY2014Q4 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
141000000
CY2014Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
179000000
CY2014Q4 ual Total Operating And Nonoperating Special Charges Net Of Income Taxes
TotalOperatingAndNonoperatingSpecialChargesNetOfIncomeTaxes
226000000

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