2015 Q1 Form 10-Q Financial Statement

#000003408815000021 Filed on May 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $64.76B $101.8B
YoY Change -36.36% -1.57%
Cost Of Revenue $46.96B $75.82B
YoY Change -38.06% -1.12%
Gross Profit $17.80B $25.94B
YoY Change -31.39% -2.84%
Gross Profit Margin 27.49% 25.49%
Selling, General & Admin $2.713B $11.15B
YoY Change -75.67% 257.7%
% of Gross Profit 15.24% 42.99%
Research & Development $311.0M $317.0M
YoY Change -1.89% -28.76%
% of Gross Profit 1.75% 1.22%
Depreciation & Amortization $4.300B $4.192B
YoY Change 2.58% 2.0%
% of Gross Profit 24.16% 16.16%
Operating Expenses $2.713B $15.66B
YoY Change -82.68% 402.31%
Operating Profit $15.09B $10.28B
YoY Change 46.76% -56.41%
Interest Expense $88.00M $4.042B
YoY Change -97.82% 16741.67%
% of Operating Profit 0.58% 39.32%
Other Income/Expense, Net $599.0M $905.0M
YoY Change -33.81% 61.32%
Pretax Income $6.635B $15.23B
YoY Change -56.43% -5.06%
Income Tax $1.560B $5.857B
% Of Pretax Income 23.51% 38.46%
Net Earnings $4.940B $9.100B
YoY Change -45.71% -4.21%
Net Earnings / Revenue 7.63% 8.94%
Basic Earnings Per Share $1.17 $2.10
Diluted Earnings Per Share $1.17 $2.103M
COMMON SHARES
Basic Shares Outstanding 4.211B shares 4.328B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.184B $5.601B
YoY Change -7.45% -9.86%
Cash & Equivalents $5.184B $5.601B
Short-Term Investments
Other Short-Term Assets $4.298B $5.011B
YoY Change -14.23% -8.59%
Inventory $16.10B $18.57B
Prepaid Expenses
Receivables $25.03B $32.48B
Other Receivables $0.00 $0.00
Total Short-Term Assets $50.66B $61.86B
YoY Change -18.11% -1.17%
LONG-TERM ASSETS
Property, Plant & Equipment $249.5B $245.9B
YoY Change 1.46% 5.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.47B $37.17B
YoY Change -7.26% 4.29%
Other Assets $8.335B $8.103B
YoY Change 2.86% 5.56%
Total Long-Term Assets $292.3B $291.2B
YoY Change 0.39% 5.1%
TOTAL ASSETS
Total Short-Term Assets $50.66B $61.86B
Total Long-Term Assets $292.3B $291.2B
Total Assets $343.0B $353.0B
YoY Change -2.85% 3.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.14B $52.11B
YoY Change -26.8% -3.46%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.28B $9.223B
YoY Change 43.96% 55.35%
Total Short-Term Liabilities $55.93B $70.11B
YoY Change -20.22% 0.03%
LONG-TERM LIABILITIES
Long-Term Debt $19.16B $11.79B
YoY Change 62.52% 66.92%
Other Long-Term Liabilities $21.00B $22.02B
YoY Change -4.6% 3.57%
Total Long-Term Liabilities $40.16B $33.80B
YoY Change 18.8% 19.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.93B $70.11B
Total Long-Term Liabilities $40.16B $33.80B
Total Liabilities $165.5B $170.1B
YoY Change -2.72% 2.15%
SHAREHOLDERS EQUITY
Retained Earnings $410.4B $393.8B
YoY Change 4.22% 5.67%
Common Stock $11.01B $10.28B
YoY Change 7.1% 6.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $227.6B
YoY Change
Treasury Stock Shares 3.838B shares 3.725B shares
Shareholders Equity $171.2B $176.4B
YoY Change
Total Liabilities & Shareholders Equity $343.0B $353.0B
YoY Change -2.85% 3.94%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $4.940B $9.100B
YoY Change -45.71% -4.21%
Depreciation, Depletion And Amortization $4.300B $4.192B
YoY Change 2.58% 2.0%
Cash From Operating Activities $7.998B $15.10B
YoY Change -47.04% 11.12%
INVESTING ACTIVITIES
Capital Expenditures $6.844B $7.328B
YoY Change -6.6% -2.22%
Acquisitions
YoY Change
Other Investing Activities -$290.0M -$368.0M
YoY Change -21.2% 228.57%
Cash From Investing Activities -$6.352B -$6.306B
YoY Change 0.73% -37.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.781B $3.860B
YoY Change -53.86% -31.33%
Debt Paid & Issued, Net $10.00M
YoY Change
Cash From Financing Activities -854.0M -7.816B
YoY Change -89.07% 16.76%
NET CHANGE
Cash From Operating Activities 7.998B 15.10B
Cash From Investing Activities -6.352B -6.306B
Cash From Financing Activities -854.0M -7.816B
Net Change In Cash 792.0M 981.0M
YoY Change -19.27% -131.08%
FREE CASH FLOW
Cash From Operating Activities $7.998B $15.10B
Capital Expenditures $6.844B $7.328B
Free Cash Flow $1.154B $7.775B
YoY Change -85.16% 27.5%

Facts In Submission

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CY2014Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-786000000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5184000000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
177446000000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4616000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
181064000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
29000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-4000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-82000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-54000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-8000000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 USD

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