2014 Q4 Form 10-K Financial Statement

#000119312515057710 Filed on February 23, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue $33.19B $127.1B $31.07B
YoY Change 6.85% 5.42% 3.39%
Cost Of Revenue $14.40B $49.93B $11.96B
YoY Change 20.41% 11.24% -8.47%
Gross Profit $18.79B $77.15B $19.10B
YoY Change -1.64% 1.96% 12.53%
Gross Profit Margin 56.61% 60.71% 61.49%
Selling, General & Admin $16.86B $41.02B $2.857B
YoY Change 490.02% 51.41% -82.15%
% of Gross Profit 89.72% 53.17% 14.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.068B $14.97B $4.183B
YoY Change -2.75% -0.35% 1.11%
% of Gross Profit 21.65% 19.4% 21.9%
Operating Expenses $20.93B $41.02B $7.040B
YoY Change 197.23% 51.41% -65.05%
Operating Profit -$2.136B $19.60B $12.06B
YoY Change -117.71% -38.69% -480.66%
Interest Expense -$1.277B $4.915B -$1.042B
YoY Change 22.55% 84.29% 120.3%
% of Operating Profit 25.08% -8.64%
Other Income/Expense, Net $27.00M -$1.194B -$261.0M
YoY Change -110.34% 619.28% -76.14%
Pretax Income -$3.886B $15.27B $10.76B
YoY Change -136.12% -47.84% -327.2%
Income Tax -$1.738B $3.314B $2.844B
% Of Pretax Income 21.7% 26.43%
Net Earnings -$2.231B $9.625B $5.067B
YoY Change -144.03% -16.28% -219.82%
Net Earnings / Revenue -6.72% 7.57% 16.31%
Basic Earnings Per Share -$0.54 $2.42 $1.77
Diluted Earnings Per Share -$0.54 $2.42 $1.76
COMMON SHARES
Basic Shares Outstanding 3.974B shares
Diluted Shares Outstanding 3.981B shares

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.15B $11.15B $54.13B
YoY Change -79.4% -79.4% 1419.2%
Cash & Equivalents $10.60B $10.60B $53.53B
Short-Term Investments $555.0M $555.0M $601.0M
Other Short-Term Assets $3.200B $3.200B $3.406B
YoY Change -6.05% -6.05% -15.29%
Inventory $1.153B $1.153B $1.020B
Prepaid Expenses
Receivables $13.99B $13.99B $12.44B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $29.54B $29.50B $70.99B
YoY Change -58.4% -58.45% 234.33%
LONG-TERM ASSETS
Property, Plant & Equipment $89.95B $89.95B $88.96B
YoY Change 1.11% 1.11% 0.35%
Goodwill $24.64B $24.63B
YoY Change 0.02% 2.05%
Intangibles
YoY Change
Long-Term Investments $677.0M $802.0M $3.329B
YoY Change -79.66% -76.63% 0.7%
Other Assets $5.564B $6.660B $4.535B
YoY Change 22.69% 46.86% 9.86%
Total Long-Term Assets $202.6B $203.1B $203.1B
YoY Change -0.26% 0.01% -0.43%
TOTAL ASSETS
Total Short-Term Assets $29.54B $29.50B $70.99B
Total Long-Term Assets $202.6B $203.1B $203.1B
Total Assets $232.1B $232.6B $274.1B
YoY Change -15.32% -15.13% 21.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.598B $5.598B $4.954B
YoY Change 13.0% 13.0% 11.23%
Accrued Expenses $4.016B $9.625B $3.954B
YoY Change 1.57% -3.2% -12.7%
Deferred Revenue
YoY Change
Short-Term Debt $19.00M $338.0M $447.0M
YoY Change -95.75% -24.38%
Long-Term Debt Due $2.735B $2.397B $3.486B
YoY Change -21.54% -31.24% -9.9%
Total Short-Term Liabilities $27.99B $27.99B $27.05B
YoY Change 3.46% 3.46% 0.35%
LONG-TERM LIABILITIES
Long-Term Debt $110.5B $110.5B $89.66B
YoY Change 23.29% 23.29% 88.29%
Other Long-Term Liabilities $5.574B $38.85B $5.653B
YoY Change -1.4% 16.56% -7.21%
Total Long-Term Liabilities $5.574B $149.4B $95.31B
YoY Change -94.15% 21.46% 77.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.99B $27.99B $27.05B
Total Long-Term Liabilities $5.574B $149.4B $95.31B
Total Liabilities $33.56B $220.3B $122.4B
YoY Change -72.57% -6.35% 51.69%
SHAREHOLDERS EQUITY
Retained Earnings $2.447B $1.782B
YoY Change 37.32% -147.72%
Common Stock $424.0M $297.0M
YoY Change 42.76% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.263B $3.961B
YoY Change -17.62% -2.7%
Treasury Stock Shares
Shareholders Equity $12.30B $12.30B $38.84B
YoY Change
Total Liabilities & Shareholders Equity $232.1B $232.6B $274.1B
YoY Change -15.32% -15.13% 21.7%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$2.231B $9.625B $5.067B
YoY Change -144.03% -16.28% -219.82%
Depreciation, Depletion And Amortization $4.068B $14.97B $4.183B
YoY Change -2.75% -0.35% 1.11%
Cash From Operating Activities $7.474B $30.63B $10.43B
YoY Change -28.35% -21.09% 55.04%
INVESTING ACTIVITIES
Capital Expenditures -$4.578B -$17.55B -$4.947B
YoY Change -7.46% 2.1% -0.64%
Acquisitions $182.0M $400.0M
YoY Change -63.16%
Other Investing Activities -$848.0M $616.0M $137.0M
YoY Change -718.98% -183.92% -239.8%
Cash From Investing Activities -$5.426B -$15.86B -$4.810B
YoY Change 12.81% 6.9% -5.26%
FINANCING ACTIVITIES
Cash Dividend Paid $7.803B
YoY Change 31.45%
Common Stock Issuance & Retirement, Net $34.00M
YoY Change -50.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.332B -57.71B -8.803B
YoY Change -115.13% -318.17% 6.42%
NET CHANGE
Cash From Operating Activities 7.474B 30.63B 10.43B
Cash From Investing Activities -5.426B -15.86B -4.810B
Cash From Financing Activities 1.332B -57.71B -8.803B
Net Change In Cash 3.380B -42.93B -3.182B
YoY Change -206.22% -185.12% -51.94%
FREE CASH FLOW
Cash From Operating Activities $7.474B $30.63B $10.43B
Capital Expenditures -$4.578B -$17.55B -$4.947B
Free Cash Flow $12.05B $48.18B $15.38B
YoY Change -21.63% -13.97% 31.36%

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