$WFRD
Weatherford International plc

2014 Q2 Form 10-Q Financial Statement

#000160392314000045 Filed on July 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $3.711B $3.868B
YoY Change -4.06% 3.23%
Cost Of Revenue $1.728B $2.057B
YoY Change -15.99% -30.76%
Gross Profit $882.0M $742.0M
YoY Change 18.87% -4.38%
Gross Profit Margin 23.77% 19.18%
Selling, General & Admin $455.0M $465.0M
YoY Change -2.15% -2.92%
% of Gross Profit 51.59% 62.67%
Research & Development $75.00M $71.00M
YoY Change 5.63% 10.94%
% of Gross Profit 8.5% 9.57%
Depreciation & Amortization $355.0M $341.0M
YoY Change 4.11% 9.65%
% of Gross Profit 40.25% 45.96%
Operating Expenses $75.00M $71.00M
YoY Change 5.63% -86.92%
Operating Profit $25.00M $55.00M
YoY Change -54.55% -76.39%
Interest Expense -$128.0M -$128.0M
YoY Change 0.0% 5.79%
% of Operating Profit -512.0% -232.73%
Other Income/Expense, Net -$19.00M -$18.00M
YoY Change 5.56% -33.33%
Pretax Income -$122.0M -$91.00M
YoY Change 34.07% -88.33%
Income Tax $11.00M $20.00M
% Of Pretax Income
Net Earnings -$145.0M -$118.0M
YoY Change 22.88% -86.1%
Net Earnings / Revenue -3.91% -3.05%
Basic Earnings Per Share -$0.19 -$0.15
Diluted Earnings Per Share -$0.19 -$0.15
COMMON SHARES
Basic Shares Outstanding 777.0M shares 770.0M shares
Diluted Shares Outstanding 777.0M shares 770.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $571.0M $295.0M
YoY Change 93.56% -22.57%
Cash & Equivalents $571.0M $295.0M
Short-Term Investments
Other Short-Term Assets $1.114B $1.179B
YoY Change -5.51% 5.93%
Inventory $3.365B $3.637B
Prepaid Expenses
Receivables $3.340B $3.837B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.718B $8.948B
YoY Change 8.61% 5.26%
LONG-TERM ASSETS
Property, Plant & Equipment $7.588B $8.333B
YoY Change -8.94% 7.76%
Goodwill $3.478B
YoY Change
Intangibles $566.0M
YoY Change
Long-Term Investments $262.0M $671.0M
YoY Change -60.95% 6.68%
Other Assets $201.0M $278.0M
YoY Change -27.7% 7.34%
Total Long-Term Assets $12.10B $13.68B
YoY Change -11.61% 3.65%
TOTAL ASSETS
Total Short-Term Assets $9.718B $8.948B
Total Long-Term Assets $12.10B $13.68B
Total Assets $21.81B $22.63B
YoY Change -3.62% 4.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.822B $2.144B
YoY Change -15.02% 31.13%
Accrued Expenses $481.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.327B $0.00
YoY Change -100.0%
Long-Term Debt Due $77.00M $2.148B
YoY Change -96.42% 511.97%
Total Short-Term Liabilities $5.801B $5.950B
YoY Change -2.5% 29.52%
LONG-TERM LIABILITIES
Long-Term Debt $7.021B $7.087B
YoY Change -0.93% -3.06%
Other Long-Term Liabilities $941.0M $1.156B
YoY Change -18.6% -2.61%
Total Long-Term Liabilities $941.0M $8.243B
YoY Change -88.58% -3.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.801B $5.950B
Total Long-Term Liabilities $941.0M $8.243B
Total Liabilities $13.76B $14.23B
YoY Change -3.29% 8.51%
SHAREHOLDERS EQUITY
Retained Earnings $2.825B
YoY Change
Common Stock $5.375B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $7.977B $8.401B
YoY Change
Total Liabilities & Shareholders Equity $21.81B $22.63B
YoY Change -3.62% 4.28%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$145.0M -$118.0M
YoY Change 22.88% -86.1%
Depreciation, Depletion And Amortization $355.0M $341.0M
YoY Change 4.11% 9.65%
Cash From Operating Activities $435.0M $252.0M
YoY Change 72.62% 73.79%
INVESTING ACTIVITIES
Capital Expenditures $377.0M $448.0M
YoY Change -15.85% -23.68%
Acquisitions
YoY Change
Other Investing Activities $29.00M -$22.00M
YoY Change -231.82% -84.4%
Cash From Investing Activities -$348.0M -$470.0M
YoY Change -25.96% -35.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 117.0M 230.0M
YoY Change -49.13% -63.55%
NET CHANGE
Cash From Operating Activities 435.0M 252.0M
Cash From Investing Activities -348.0M -470.0M
Cash From Financing Activities 117.0M 230.0M
Net Change In Cash 204.0M 12.00M
YoY Change 1600.0% -75.0%
FREE CASH FLOW
Cash From Operating Activities $435.0M $252.0M
Capital Expenditures $377.0M $448.0M
Free Cash Flow $58.00M -$196.0M
YoY Change -129.59% -55.66%

Facts In Submission

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