2013 Q2 Form 10-Q Financial Statement

#000119312513199322 Filed on May 03, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $3.728B $3.764B $3.035B
YoY Change -21.58% 24.02%
Cost Of Revenue $2.678B $2.703B $2.058B
YoY Change -18.4% 31.34%
Gross Profit $1.050B $1.061B $977.0M
YoY Change -28.67% 8.6%
Gross Profit Margin 28.17% 28.19% 32.19%
Selling, General & Admin $180.0M $185.0M $155.0M
YoY Change 14.65% 19.35%
% of Gross Profit 17.14% 17.44% 15.86%
Research & Development $402.0M $396.0M $265.0M
YoY Change -0.99% 49.43%
% of Gross Profit 38.29% 37.32% 27.12%
Depreciation & Amortization $302.0M $309.0M $188.0M
YoY Change -10.91% 64.36%
% of Gross Profit 28.76% 29.12% 19.24%
Operating Expenses $582.0M $644.0M $435.0M
YoY Change 3.37% 48.05%
Operating Profit -$221.0M $417.0M $542.0M
YoY Change -127.35% -23.06%
Interest Expense -$9.000M -$11.00M -$4.000M
YoY Change 28.57% 175.0%
% of Operating Profit -2.64% -0.74%
Other Income/Expense, Net -$11.00M -$4.000M
YoY Change 175.0%
Pretax Income -$230.0M $406.0M $538.0M
YoY Change -128.71% -24.54%
Income Tax $35.00M $15.00M $55.00M
% Of Pretax Income 3.69% 10.22%
Net Earnings -$265.0M $391.0M $483.0M
YoY Change -135.57% -19.05%
Net Earnings / Revenue -7.11% 10.39% 15.91%
Basic Earnings Per Share -$1.12 $1.64 $2.00
Diluted Earnings Per Share -$1.12 $1.60 $1.96
COMMON SHARES
Basic Shares Outstanding 236.4M shares 239.0M shares 241.0M shares
Diluted Shares Outstanding 245.0M shares 246.0M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.309B $4.060B $3.377B
YoY Change 34.32% 20.23%
Cash & Equivalents $4.309B $4.060B $3.377B
Short-Term Investments
Other Short-Term Assets $308.0M $383.0M $409.0M
YoY Change -14.21% -6.36%
Inventory $1.188B $1.197B $1.282B
Prepaid Expenses
Receivables $1.793B $1.700B $2.377B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.598B $7.340B $7.445B
YoY Change 6.4% -1.41%
LONG-TERM ASSETS
Property, Plant & Equipment $3.700B $3.803B $4.171B
YoY Change -9.02% -8.82%
Goodwill $1.954B $1.954B
YoY Change -1.06%
Intangibles
YoY Change
Long-Term Investments $14.00M
YoY Change
Other Assets $179.0M $174.0M $203.0M
YoY Change -20.09% -14.29%
Total Long-Term Assets $6.438B $6.587B $7.065B
YoY Change -8.87% -6.77%
TOTAL ASSETS
Total Short-Term Assets $7.598B $7.340B $7.445B
Total Long-Term Assets $6.438B $6.587B $7.065B
Total Assets $14.04B $13.93B $14.51B
YoY Change -1.2% -4.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.990B $2.037B $2.774B
YoY Change -28.24% -26.57%
Accrued Expenses $480.0M $837.0M $1.031B
YoY Change 5.03% -18.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $500.0M
YoY Change -100.0%
Long-Term Debt Due $230.0M $230.0M $230.0M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $3.973B $3.226B $4.535B
YoY Change -1.46% -28.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.725B $1.783B $2.013B
YoY Change -11.76% -11.43%
Other Long-Term Liabilities $445.0M $495.0M $546.0M
YoY Change -19.09% -9.34%
Total Long-Term Liabilities $2.170B $2.278B $2.559B
YoY Change -13.37% -10.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.973B $3.226B $4.535B
Total Long-Term Liabilities $2.170B $2.278B $2.559B
Total Liabilities $6.143B $5.504B $7.094B
YoY Change -6.03% -22.41%
SHAREHOLDERS EQUITY
Retained Earnings $6.749B $7.073B
YoY Change 12.26%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.012B $905.0M
YoY Change 82.67%
Treasury Stock Shares 24.00M shares 23.00M shares
Shareholders Equity $7.893B $8.423B $7.416B
YoY Change
Total Liabilities & Shareholders Equity $14.04B $13.93B $14.51B
YoY Change -1.2% -4.02%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$265.0M $391.0M $483.0M
YoY Change -135.57% -19.05%
Depreciation, Depletion And Amortization $302.0M $309.0M $188.0M
YoY Change -10.91% 64.36%
Cash From Operating Activities $684.0M $727.0M $1.208B
YoY Change -39.42% -39.82%
INVESTING ACTIVITIES
Capital Expenditures -$136.0M -$188.0M -$140.0M
YoY Change -58.02% 34.29%
Acquisitions
YoY Change
Other Investing Activities $0.00 $24.00M -$3.541B
YoY Change -100.0% -100.68%
Cash From Investing Activities -$136.0M -$164.0M -$3.681B
YoY Change -41.63% -95.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -299.0M -319.0M 1.932B
YoY Change -72.06% -116.51%
NET CHANGE
Cash From Operating Activities 684.0M 727.0M 1.208B
Cash From Investing Activities -136.0M -164.0M -3.681B
Cash From Financing Activities -299.0M -319.0M 1.932B
Net Change In Cash 249.0M 244.0M -541.0M
YoY Change -243.1% -145.1%
FREE CASH FLOW
Cash From Operating Activities $684.0M $727.0M $1.208B
Capital Expenditures -$136.0M -$188.0M -$140.0M
Free Cash Flow $820.0M $915.0M $1.348B
YoY Change -43.57% -32.12%

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