2016 Q2 Form 10-Q Financial Statement

#000100443416000047 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $554.1M $646.6M
YoY Change -14.31% 1.62%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $96.60M $114.3M
YoY Change -15.49% -6.92%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.70M $32.70M
YoY Change 3.06% 1.55%
% of Gross Profit
Operating Expenses $372.3M $451.4M
YoY Change -17.52% 3.08%
Operating Profit $247.0M $195.2M
YoY Change 26.54% -1.61%
Interest Expense $21.90M $22.50M
YoY Change -2.67% 12.5%
% of Operating Profit 8.87% 11.53%
Other Income/Expense, Net -$11.10M $6.700M
YoY Change -265.67% -147.86%
Pretax Income $235.9M $262.0M
YoY Change -9.96% 9.58%
Income Tax $52.30M $72.10M
% Of Pretax Income 22.17% 27.52%
Net Earnings $108.3M $127.6M
YoY Change -15.13% 28.76%
Net Earnings / Revenue 19.55% 19.73%
Basic Earnings Per Share $2.01 $2.36
Diluted Earnings Per Share $1.98 $2.29
COMMON SHARES
Basic Shares Outstanding 53.80M shares 54.60M shares
Diluted Shares Outstanding 56.70M shares 57.50M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $564.0M $750.0M
YoY Change -24.8% 43.35%
Cash & Equivalents $360.4M $488.5M
Short-Term Investments $203.6M $261.5M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $471.8M $482.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $832.2M $970.5M
YoY Change -14.25% 13.22%
LONG-TERM ASSETS
Property, Plant & Equipment $112.1M $97.80M
YoY Change 14.62% 1.98%
Goodwill $2.654B $2.670B
YoY Change -0.62% 7.19%
Intangibles $1.584B $1.750B
YoY Change -9.45% 8.71%
Long-Term Investments $2.797B $2.119B
YoY Change 31.95% 33.02%
Other Assets
YoY Change
Total Long-Term Assets $7.203B $6.708B
YoY Change 7.37% 14.22%
TOTAL ASSETS
Total Short-Term Assets $832.2M $970.5M
Total Long-Term Assets $7.203B $6.708B
Total Assets $8.035B $7.679B
YoY Change 4.63% 14.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $578.1M $632.0M
YoY Change -8.53% 9.25%
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 $578.1M $632.0M
YoY Change -8.53% 9.25%
LONG-TERM LIABILITIES
Long-Term Debt $2.137B $1.863B
YoY Change 14.68% 39.18%
Other Long-Term Liabilities $179.7M $229.4M
YoY Change -21.67% 12.56%
Total Long-Term Liabilities $2.317B $2.093B
YoY Change 10.69% 35.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $578.1M $632.0M
Total Long-Term Liabilities $2.317B $2.093B
Total Liabilities $3.505B $3.298B
YoY Change 6.29% 29.56%
SHAREHOLDERS EQUITY
Retained Earnings $2.891B $2.420B
YoY Change 19.48% 28.15%
Common Stock $528.3M $501.9M
YoY Change 5.26% -22.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $424.6M $346.9M
YoY Change 22.4% 430.43%
Treasury Stock Shares
Shareholders Equity $2.919B $2.651B
YoY Change
Total Liabilities & Shareholders Equity $8.035B $7.679B
YoY Change 4.63% 14.09%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $108.3M $127.6M
YoY Change -15.13% 28.76%
Depreciation, Depletion And Amortization $33.70M $32.70M
YoY Change 3.06% 1.55%
Cash From Operating Activities $315.0M $351.4M
YoY Change -10.36% 7.07%
INVESTING ACTIVITIES
Capital Expenditures -$4.500M -$7.000M
YoY Change -35.71% 9.37%
Acquisitions
YoY Change
Other Investing Activities $15.40M -$19.00M
YoY Change -181.05% -95.53%
Cash From Investing Activities $10.90M -$26.00M
YoY Change -141.92% -93.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -277.0M -283.5M
YoY Change -2.29% 3.81%
NET CHANGE
Cash From Operating Activities 315.0M 351.4M
Cash From Investing Activities 10.90M -26.00M
Cash From Financing Activities -277.0M -283.5M
Net Change In Cash 48.90M 41.90M
YoY Change 16.71% -111.14%
FREE CASH FLOW
Cash From Operating Activities $315.0M $351.4M
Capital Expenditures -$4.500M -$7.000M
Free Cash Flow $319.5M $358.4M
YoY Change -10.85% 7.11%

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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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56500000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54700000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53900000 shares

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