2016 Q4 Form 10-Q Financial Statement

#000100443416000050 Filed on November 07, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $550.4M $544.7M $613.1M
YoY Change -6.68% -11.16% -4.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $340.9M $94.20M $107.5M
YoY Change -3.24% -12.37% -6.03%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.50M $31.90M $35.00M
YoY Change -5.25% -8.86% 5.42%
% of Gross Profit
Operating Expenses $376.6M $373.7M $397.9M
YoY Change -5.04% -6.08% -4.37%
Operating Profit $301.9M $238.5M $215.2M
YoY Change 56.26% 10.83% -4.01%
Interest Expense $108.1M $22.40M $23.60M
YoY Change 12.6% -5.08% 24.21%
% of Operating Profit 35.81% 9.39% 10.97%
Other Income/Expense, Net -$12.30M -$24.00M
YoY Change -48.75% 25.0%
Pretax Income $281.9M $226.2M $249.1M
YoY Change -2.52% -9.19% -1.7%
Income Tax $74.50M $50.30M $58.10M
% Of Pretax Income 26.43% 22.24% 23.32%
Net Earnings $150.2M $110.2M $107.7M
YoY Change 1.83% 2.32% 4.36%
Net Earnings / Revenue 27.29% 20.23% 17.57%
Basic Earnings Per Share $2.04 $1.99
Diluted Earnings Per Share $2.67 $2.02 $1.96
COMMON SHARES
Basic Shares Outstanding 54.82M shares 53.90M shares 54.20M shares
Diluted Shares Outstanding 56.60M shares 57.00M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $553.2M $635.2M $713.5M
YoY Change -27.56% -10.97% -0.67%
Cash & Equivalents $430.8M $422.0M $541.7M
Short-Term Investments $122.4M $213.2M $171.8M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $383.3M $387.1M $466.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $814.1M $809.1M $1.008B
YoY Change -14.75% -19.72% -7.11%
LONG-TERM ASSETS
Property, Plant & Equipment $110.1M $113.4M $106.9M
YoY Change -3.51% 6.08% 13.84%
Goodwill $2.628B $2.644B $2.647B
YoY Change -1.51% -0.11% 6.98%
Intangibles $1.497B $1.546B $1.700B
YoY Change -11.21% -9.03% 8.5%
Long-Term Investments $3.368B $3.153B $2.000B
YoY Change 73.88% 57.64% 26.05%
Other Assets
YoY Change
Total Long-Term Assets $7.935B $7.514B $6.527B
YoY Change 16.44% 15.12% 12.56%
TOTAL ASSETS
Total Short-Term Assets $814.1M $809.1M $1.008B
Total Long-Term Assets $7.935B $7.514B $6.527B
Total Assets $8.749B $8.323B $7.535B
YoY Change 12.61% 10.46% 9.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $729.3M $579.4M $699.3M
YoY Change -0.01% -17.15% -4.9%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $729.3M $579.4M $699.3M
YoY Change -0.01% -17.15% -4.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.110B $2.113B $1.799B
YoY Change 12.25% 17.46% 39.55%
Other Long-Term Liabilities $149.4M $170.3M $188.0M
YoY Change -29.96% -9.41% -6.65%
Total Long-Term Liabilities $2.259B $2.284B $1.987B
YoY Change 7.95% 14.92% 33.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $729.3M $579.4M $699.3M
Total Long-Term Liabilities $2.259B $2.284B $1.987B
Total Liabilities $3.649B $3.515B $3.234B
YoY Change 7.71% 8.69% 21.28%
SHAREHOLDERS EQUITY
Retained Earnings $3.054B $2.903B $2.529B
YoY Change 18.31% 14.78% 26.91%
Common Stock $1.074B $774.3M $540.9M
YoY Change 54.44% 43.15% -14.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $386.0M $413.5M $396.9M
YoY Change -8.51% 4.18% 385.21%
Treasury Stock Shares 1.800M shares
Shareholders Equity $3.620B $3.183B $2.661B
YoY Change
Total Liabilities & Shareholders Equity $8.749B $8.323B $7.535B
YoY Change 12.61% 10.46% 9.46%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $150.2M $110.2M $107.7M
YoY Change 1.83% 2.32% 4.36%
Depreciation, Depletion And Amortization $32.50M $31.90M $35.00M
YoY Change -5.25% -8.86% 5.42%
Cash From Operating Activities $365.1M $342.0M $385.7M
YoY Change 3.66% -11.33% -4.65%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$6.500M -$13.80M
YoY Change -59.84% -52.9% 331.25%
Acquisitions
YoY Change
Other Investing Activities -$458.4M -$322.2M -$18.30M
YoY Change 83.8% 1660.66% 695.65%
Cash From Investing Activities -$463.5M -$328.7M -$32.10M
YoY Change 76.84% 923.99% 483.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 162.9M 52.10M -293.9M
YoY Change -359.39% -117.73% 42.32%
NET CHANGE
Cash From Operating Activities 365.1M 342.0M 385.7M
Cash From Investing Activities -463.5M -328.7M -32.10M
Cash From Financing Activities 162.9M 52.10M -293.9M
Net Change In Cash 64.50M 65.40M 59.70M
YoY Change 136.26% 9.55% -68.99%
FREE CASH FLOW
Cash From Operating Activities $365.1M $342.0M $385.7M
Capital Expenditures -$5.100M -$6.500M -$13.80M
Free Cash Flow $370.2M $348.5M $399.5M
YoY Change 1.45% -12.77% -2.01%

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1937100000 USD
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11500000 USD
CY2015 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
2300000 USD
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
2700000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
421900000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
413500000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
331900000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33400000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57400000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56600000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54500000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53900000 shares

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