2015 Q1 Form 10-Q Financial Statement

#000100443415000011 Filed on May 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $635.0M $593.1M
YoY Change 7.06% 18.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $108.7M $122.3M
YoY Change -11.12% 32.5%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.20M $31.20M
YoY Change 3.21% -14.29%
% of Gross Profit
Operating Expenses $403.6M $399.1M
YoY Change 1.13% 13.48%
Operating Profit $231.4M $193.9M
YoY Change 19.34% 28.84%
Interest Expense $22.20M $17.60M
YoY Change 26.14% -27.27%
% of Operating Profit 9.59% 9.08%
Other Income/Expense, Net $5.800M -$31.90M
YoY Change -118.18% -5.9%
Pretax Income $290.3M $208.2M
YoY Change 39.43% 24.45%
Income Tax $69.60M $48.90M
% Of Pretax Income 23.98% 23.49%
Net Earnings $126.7M $77.20M
YoY Change 64.12% 23.72%
Net Earnings / Revenue 19.95% 13.02%
Basic Earnings Per Share $2.34 $1.44
Diluted Earnings Per Share $2.26 $1.40
COMMON SHARES
Basic Shares Outstanding 54.80M shares 53.70M shares
Diluted Shares Outstanding 57.80M shares 55.20M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $631.1M $883.1M
YoY Change -28.54% 163.61%
Cash & Equivalents $438.2M $747.1M
Short-Term Investments $192.9M $136.0M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $514.0M $486.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $952.2M $1.233B
YoY Change -22.8% 15.89%
LONG-TERM ASSETS
Property, Plant & Equipment $94.90M $93.10M
YoY Change 1.93% 12.03%
Goodwill $2.621B $2.386B
YoY Change 9.86% 1.87%
Intangibles $1.725B $1.561B
YoY Change 10.48% 1.67%
Long-Term Investments $2.029B $1.269B
YoY Change 59.91% 13.29%
Other Assets
YoY Change
Total Long-Term Assets $6.542B $5.388B
YoY Change 21.42% 4.39%
TOTAL ASSETS
Total Short-Term Assets $952.2M $1.233B
Total Long-Term Assets $6.542B $5.388B
Total Assets $7.494B $6.621B
YoY Change 13.19% 6.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $577.2M $509.5M
YoY Change 13.29% 2115.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $577.2M $509.5M
YoY Change 13.29% -5.51%
LONG-TERM LIABILITIES
Long-Term Debt $1.923B $1.438B
YoY Change 33.69% -1.51%
Other Long-Term Liabilities $181.3M $237.4M
YoY Change -23.63% 38.02%
Total Long-Term Liabilities $2.104B $1.676B
YoY Change 25.57% 874.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $577.2M $509.5M
Total Long-Term Liabilities $2.104B $1.676B
Total Liabilities $3.206B $2.585B
YoY Change 24.04% -3.38%
SHAREHOLDERS EQUITY
Retained Earnings $2.291B $1.788B
YoY Change 28.12% 26.56%
Common Stock $519.8M $692.2M
YoY Change -24.91% -15.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $250.5M $101.6M
YoY Change 146.56% -35.86%
Treasury Stock Shares
Shareholders Equity $2.558B $2.430B
YoY Change
Total Liabilities & Shareholders Equity $7.494B $6.621B
YoY Change 13.19% 6.36%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $126.7M $77.20M
YoY Change 64.12% 23.72%
Depreciation, Depletion And Amortization $32.20M $31.20M
YoY Change 3.21% -14.29%
Cash From Operating Activities $119.1M $297.7M
YoY Change -59.99% 47.23%
INVESTING ACTIVITIES
Capital Expenditures $4.700M $4.100M
YoY Change 14.63% -10.87%
Acquisitions
YoY Change
Other Investing Activities $400.0K -$110.2M
YoY Change -100.36% 4491.67%
Cash From Investing Activities -$4.300M -$114.3M
YoY Change -96.24% 1532.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $154.2M -$6.800M
YoY Change -2367.65% -123.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -217.5M 94.10M
YoY Change -331.14% -132.94%
NET CHANGE
Cash From Operating Activities 119.1M 297.7M
Cash From Investing Activities -4.300M -114.3M
Cash From Financing Activities -217.5M 94.10M
Net Change In Cash -102.7M 277.5M
YoY Change -137.01% -406.63%
FREE CASH FLOW
Cash From Operating Activities $119.1M $297.7M
Capital Expenditures $4.700M $4.100M
Free Cash Flow $114.4M $293.6M
YoY Change -61.04% 48.58%

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219000000 USD
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CY2015Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2014Q1 us-gaap Payments To Acquire Marketable Securities
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2500000 USD
CY2015Q1 us-gaap Payments To Acquire Marketable Securities
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CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
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4100000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2014Q1 us-gaap Proceeds From Long Term Lines Of Credit
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CY2014Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
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5100000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
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5900000 USD
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2014Q1 us-gaap Profit Loss
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CY2014Q1 us-gaap Repayments Of Long Term Lines Of Credit
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Trading Securities
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3643200000 USD
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CY2014Q4 us-gaap Trading Securities Cost
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19500000 USD
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21900000 USD
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400000 USD
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1800000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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25500000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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55200000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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57800000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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53700000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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54800000 shares

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