2013 Q1 Form 10-Q Financial Statement

#000143710713000021 Filed on May 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $1.156B $1.085B
YoY Change 6.54% 16.17%
Cost Of Revenue $342.0M $296.0M
YoY Change 15.54% 8.42%
Gross Profit $814.0M $789.0M
YoY Change 3.17% 16.37%
Gross Profit Margin 70.42% 72.72%
Selling, General & Admin $365.0M $311.0M
YoY Change 17.36% 15.61%
% of Gross Profit 44.84% 39.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.00M $30.00M
YoY Change 6.67% -86.05%
% of Gross Profit 3.93% 3.8%
Operating Expenses $365.0M $311.0M
YoY Change 17.36% 4.01%
Operating Profit $416.0M $448.0M
YoY Change -7.14% -11.81%
Interest Expense -$129.0M -$103.0M
YoY Change 25.24% 71.67%
% of Operating Profit -31.01% -22.99%
Other Income/Expense, Net $31.00M -$2.000M
YoY Change -1650.0% -150.0%
Pretax Income $377.0M $343.0M
YoY Change 9.91% -23.95%
Income Tax $146.0M $120.0M
% Of Pretax Income 38.73% 34.99%
Net Earnings $231.0M $221.0M
YoY Change 4.52% -27.54%
Net Earnings / Revenue 19.98% 20.37%
Basic Earnings Per Share $0.32 $0.57
Diluted Earnings Per Share $0.32 $0.57
COMMON SHARES
Basic Shares Outstanding 363.0M shares 386.0M shares
Diluted Shares Outstanding 367.0M shares 390.0M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.360B $1.044B
YoY Change 126.05% 130.46%
Cash & Equivalents $2.360B $1.044B
Short-Term Investments
Other Short-Term Assets $505.0M $345.0M
YoY Change 46.38% 11.29%
Inventory
Prepaid Expenses
Receivables $1.148B $1.062B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.013B $2.451B
YoY Change 63.73% 50.46%
LONG-TERM ASSETS
Property, Plant & Equipment $377.0M $374.0M
YoY Change 0.8% -3.86%
Goodwill $6.501B
YoY Change
Intangibles $680.0M
YoY Change
Long-Term Investments $1.112B $778.0M
YoY Change 42.93% -0.38%
Other Assets $162.0M $137.0M
YoY Change 18.25% 0.74%
Total Long-Term Assets $10.41B $9.484B
YoY Change 9.74% 0.05%
TOTAL ASSETS
Total Short-Term Assets $4.013B $2.451B
Total Long-Term Assets $10.41B $9.484B
Total Assets $14.42B $11.94B
YoY Change 20.83% 7.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.00M $63.00M
YoY Change 6.35% 1.61%
Accrued Expenses $912.0M $567.0M
YoY Change 60.85% 36.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.00M $19.00M
YoY Change 15.79% -9.52%
Total Short-Term Liabilities $1.101B $740.0M
YoY Change 48.78% 13.15%
LONG-TERM LIABILITIES
Long-Term Debt $6.407B $4.218B
YoY Change 51.9% 17.46%
Other Long-Term Liabilities $210.0M $88.00M
YoY Change 138.64% -12.0%
Total Long-Term Liabilities $210.0M $4.306B
YoY Change -95.12% 16.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.101B $740.0M
Total Long-Term Liabilities $210.0M $4.306B
Total Liabilities $8.146B $5.370B
YoY Change 51.69% 14.26%
SHAREHOLDERS EQUITY
Retained Earnings $2.052B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.482B
YoY Change
Treasury Stock Shares
Shareholders Equity $6.240B $6.565B
YoY Change
Total Liabilities & Shareholders Equity $14.42B $11.94B
YoY Change 20.83% 7.45%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $231.0M $221.0M
YoY Change 4.52% -27.54%
Depreciation, Depletion And Amortization $32.00M $30.00M
YoY Change 6.67% -86.05%
Cash From Operating Activities $131.0M $248.0M
YoY Change -47.18% 14.29%
INVESTING ACTIVITIES
Capital Expenditures $26.00M $21.00M
YoY Change 23.81% 90.91%
Acquisitions $60.00M $0.00
YoY Change
Other Investing Activities -$124.0M -$21.00M
YoY Change 490.48% -64.41%
Cash From Investing Activities -$150.0M -$42.00M
YoY Change 257.14% -40.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $288.0M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.182B -$213.0M
YoY Change -654.93% 26.79%
NET CHANGE
Cash From Operating Activities $131.0M $248.0M
Cash From Investing Activities -$150.0M -$42.00M
Cash From Financing Activities $1.182B -$213.0M
Net Change In Cash $1.163B -$7.000M
YoY Change -16714.29% -66.67%
FREE CASH FLOW
Cash From Operating Activities $131.0M $248.0M
Capital Expenditures $26.00M $21.00M
Free Cash Flow $105.0M $227.0M
YoY Change -53.74% 10.19%

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CY2013Q1 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates, judgments and assumptions that affect the amounts and disclosures reported in the consolidated financial statements and accompanying notes. Management continually re-evaluates its estimates, judgments and assumptions, and management&#8217;s assessments could change. Actual results may differ from those estimates.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates inherent in the preparation of the consolidated financial statements include accounting for asset impairments, revenue recognition, allowances for doubtful accounts, content rights, depreciation and amortization, business combinations, equity-based compensation, income taxes, other financial instruments, contingencies, and the determination of whether the Company is the primary beneficiary of entities in which it holds variable interests.</font></div></div>
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CY2013Q1 dei Amendment Flag
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CY2013Q1 dei Current Fiscal Year End Date
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CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001437107
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
Discovery Communications, Inc.

Files In Submission

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0001437107-13-000021-index-headers.html Edgar Link pending
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disca-20130331.xml Edgar Link completed
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