2012 Q4 Form 10-Q Financial Statement

#000119312512442885 Filed on October 31, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $3.434B $3.461B $3.522B
YoY Change 0.82% -1.73% 8.87%
Cost Of Revenue $1.943B $2.229B $2.261B
YoY Change 3.13% -1.42% 29.87%
Gross Profit $1.491B $1.232B $1.261B
YoY Change -2.04% -2.3% -15.6%
Gross Profit Margin 43.42% 35.6% 35.8%
Selling, General & Admin $637.0M $335.0M $380.0M
YoY Change -4.64% -11.84% -40.06%
% of Gross Profit 42.72% 27.19% 30.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $326.0M $331.0M $317.0M
YoY Change 10.88% 4.42% 0.0%
% of Gross Profit 21.86% 26.87% 25.14%
Operating Expenses $963.0M $335.0M $380.0M
YoY Change 0.1% -11.84% -60.04%
Operating Profit $484.0M $500.0M $543.0M
YoY Change -12.32% -7.92% 0.0%
Interest Expense -$124.0M -$121.0M -$124.0M
YoY Change -6.06% -2.42% -6.77%
% of Operating Profit -25.62% -24.2% -22.84%
Other Income/Expense, Net -$11.00M -$14.00M $2.000M
YoY Change 37.5% -800.0%
Pretax Income $349.0M $348.0M $421.0M
YoY Change -15.29% -17.34% 2.43%
Income Tax $114.0M $125.0M $136.0M
% Of Pretax Income 32.66% 35.92% 32.3%
Net Earnings $224.0M $214.0M $272.0M
YoY Change -15.79% -21.32% 11.48%
Net Earnings / Revenue 6.52% 6.18% 7.72%
Basic Earnings Per Share $0.48 $0.46 $0.58
Diluted Earnings Per Share $0.48 $0.46 $0.58
COMMON SHARES
Basic Shares Outstanding 463.9M shares 464.1M shares 468.3M shares
Diluted Shares Outstanding 464.9M shares 469.7M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $194.0M $398.0M $282.0M
YoY Change -24.81% 41.13% -48.73%
Cash & Equivalents $194.0M $398.0M $282.0M
Short-Term Investments
Other Short-Term Assets $140.0M $159.0M $196.0M
YoY Change 21.74% -18.88% -3.92%
Inventory $174.0M $155.0M $142.0M
Prepaid Expenses
Receivables $1.737B $1.760B $1.686B
Other Receivables $102.0M $108.0M $113.0M
Total Short-Term Assets $2.423B $2.659B $2.419B
YoY Change 1.85% 9.92% -5.84%
LONG-TERM ASSETS
Property, Plant & Equipment $12.65B $12.52B $11.91B
YoY Change 3.34% 5.1% 2.36%
Goodwill $6.291B $6.259B
YoY Change 1.22%
Intangibles $397.0M $405.0M
YoY Change -13.13%
Long-Term Investments $443.0M $652.0M
YoY Change -3.28%
Other Assets $668.0M $580.0M $1.221B
YoY Change 4.54% -52.5% 7.86%
Total Long-Term Assets $20.67B $20.41B $19.63B
YoY Change 2.4% 3.98% 4.6%
TOTAL ASSETS
Total Short-Term Assets $2.423B $2.659B $2.419B
Total Long-Term Assets $20.67B $20.41B $19.63B
Total Assets $23.10B $23.07B $22.05B
YoY Change 2.34% 4.63% 3.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $842.0M $787.0M $676.0M
YoY Change 0.48% 16.42% 20.5%
Accrued Expenses $986.0M $1.115B $1.153B
YoY Change -12.67% -3.3% 0.87%
Deferred Revenue
YoY Change
Short-Term Debt $743.0M $0.00 $0.00
YoY Change
Long-Term Debt Due $743.0M $826.0M $225.0M
YoY Change 17.75% 267.11% 39.75%
Total Short-Term Liabilities $3.036B $3.187B $2.527B
YoY Change -1.04% 26.12% 9.35%
LONG-TERM LIABILITIES
Long-Term Debt $9.173B $9.166B $9.388B
YoY Change 0.53% -2.36% 6.71%
Other Long-Term Liabilities $807.0M $759.0M $2.157B
YoY Change 15.62% -64.81% -1.46%
Total Long-Term Liabilities $807.0M $759.0M $11.55B
YoY Change 15.62% -93.43% 5.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.036B $3.187B $2.527B
Total Long-Term Liabilities $807.0M $759.0M $11.55B
Total Liabilities $16.42B $16.46B $16.10B
YoY Change 1.5% 2.22% 5.73%
SHAREHOLDERS EQUITY
Retained Earnings $6.879B $6.820B
YoY Change 2.35%
Common Stock $4.555B $4.552B
YoY Change -0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.273B $5.284B
YoY Change -2.17%
Treasury Stock Shares 166.1M shares 166.4M shares
Shareholders Equity $6.354B $6.288B $5.948B
YoY Change
Total Liabilities & Shareholders Equity $23.10B $23.07B $22.05B
YoY Change 2.34% 4.63% 3.34%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $224.0M $214.0M $272.0M
YoY Change -15.79% -21.32% 11.48%
Depreciation, Depletion And Amortization $326.0M $331.0M $317.0M
YoY Change 10.88% 4.42% 0.0%
Cash From Operating Activities $577.0M $574.0M $659.0M
YoY Change -21.17% -12.9% -2.66%
INVESTING ACTIVITIES
Capital Expenditures -$378.0M -$402.0M -$313.0M
YoY Change -8.92% 28.43% 19.47%
Acquisitions
YoY Change
Other Investing Activities -$91.00M -$56.00M -$398.0M
YoY Change -61.28% -85.93% 342.22%
Cash From Investing Activities -$469.0M -$458.0M -$711.0M
YoY Change -27.85% -35.58% 101.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -311.0M 43.00M -34.00M
YoY Change 190.65% -226.47% -96.41%
NET CHANGE
Cash From Operating Activities 577.0M 574.0M 659.0M
Cash From Investing Activities -469.0M -458.0M -711.0M
Cash From Financing Activities -311.0M 43.00M -34.00M
Net Change In Cash -203.0M 159.0M -86.00M
YoY Change 712.0% -284.88% -86.15%
FREE CASH FLOW
Cash From Operating Activities $577.0M $574.0M $659.0M
Capital Expenditures -$378.0M -$402.0M -$313.0M
Free Cash Flow $955.0M $976.0M $972.0M
YoY Change -16.74% 0.41% 3.51%

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