2016 Q4 Form 10-K Financial Statement

#000100443417000004 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $550.4M $589.8M $613.1M
YoY Change -6.68% -8.02% -4.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $340.9M $352.3M $107.5M
YoY Change -3.24% -9.67% -6.03%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.50M $34.30M $35.00M
YoY Change -5.25% -19.48% 5.42%
% of Gross Profit
Operating Expenses $376.6M $396.6M $397.9M
YoY Change -5.04% -10.39% -4.37%
Operating Profit $301.9M $193.2M $215.2M
YoY Change 56.26% -2.77% -4.01%
Interest Expense $108.1M $96.00M $23.60M
YoY Change 12.6% -13.36% 24.21%
% of Operating Profit 35.81% 49.69% 10.97%
Other Income/Expense, Net -$24.00M
YoY Change 25.0%
Pretax Income $281.9M $289.2M $249.1M
YoY Change -2.52% -7.54% -1.7%
Income Tax $74.50M $61.20M $58.10M
% Of Pretax Income 26.43% 21.16% 23.32%
Net Earnings $150.2M $147.5M $107.7M
YoY Change 1.83% -14.54% 4.36%
Net Earnings / Revenue 27.29% 25.01% 17.57%
Basic Earnings Per Share $1.99
Diluted Earnings Per Share $2.67 $2.67 $1.96
COMMON SHARES
Basic Shares Outstanding 54.82M shares 54.04M shares 54.20M shares
Diluted Shares Outstanding 57.00M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $553.2M $763.7M $713.5M
YoY Change -27.56% 5.6% -0.67%
Cash & Equivalents $430.8M $563.8M $541.7M
Short-Term Investments $122.4M $199.9M $171.8M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $383.3M $391.2M $466.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $814.1M $955.0M $1.008B
YoY Change -14.75% -2.2% -7.11%
LONG-TERM ASSETS
Property, Plant & Equipment $110.1M $114.1M $106.9M
YoY Change -3.51% 19.6% 13.84%
Goodwill $2.628B $2.668B $2.647B
YoY Change -1.51% 0.59% 6.98%
Intangibles $1.497B $1.686B $1.700B
YoY Change -11.21% -5.17% 8.5%
Long-Term Investments $3.368B $1.937B $2.000B
YoY Change 73.88% 8.61% 26.05%
Other Assets
YoY Change
Total Long-Term Assets $7.935B $6.814B $6.527B
YoY Change 16.44% 1.6% 12.56%
TOTAL ASSETS
Total Short-Term Assets $814.1M $955.0M $1.008B
Total Long-Term Assets $7.935B $6.814B $6.527B
Total Assets $8.749B $7.769B $7.535B
YoY Change 12.61% 1.12% 9.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $729.3M $729.4M $699.3M
YoY Change -0.01% -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 $729.4M $699.3M
YoY Change -0.01% -9.76% -4.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.110B $1.879B $1.799B
YoY Change 12.25% -0.82% 39.55%
Other Long-Term Liabilities $149.4M $213.3M $188.0M
YoY Change -29.96% -0.56% -6.65%
Total Long-Term Liabilities $2.259B $2.093B $1.987B
YoY Change 7.95% -0.79% 33.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $729.3M $729.4M $699.3M
Total Long-Term Liabilities $2.259B $2.093B $1.987B
Total Liabilities $3.649B $3.388B $3.234B
YoY Change 7.71% -0.63% 21.28%
SHAREHOLDERS EQUITY
Retained Earnings $3.054B $2.582B $2.529B
YoY Change 18.31% 19.34% 26.91%
Common Stock $1.074B $695.5M $540.9M
YoY Change 54.44% 3.37% -14.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $386.0M $421.9M $396.9M
YoY Change -8.51% 75.13% 385.21%
Treasury Stock Shares 1.800M shares 2.000M shares
Shareholders Equity $3.620B $2.837B $2.661B
YoY Change
Total Liabilities & Shareholders Equity $8.749B $7.769B $7.535B
YoY Change 12.61% 0.93% 9.46%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $150.2M $147.5M $107.7M
YoY Change 1.83% -14.54% 4.36%
Depreciation, Depletion And Amortization $32.50M $34.30M $35.00M
YoY Change -5.25% -19.48% 5.42%
Cash From Operating Activities $365.1M $352.2M $385.7M
YoY Change 3.66% -2.65% -4.65%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$12.70M -$13.80M
YoY Change -59.84% 130.91% 331.25%
Acquisitions
YoY Change
Other Investing Activities -$458.4M -$249.4M -$18.30M
YoY Change 83.8% -64.95% 695.65%
Cash From Investing Activities -$463.5M -$262.1M -$32.10M
YoY Change 76.84% -63.45% 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 -62.80M -293.9M
YoY Change -359.39% -117.81% 42.32%
NET CHANGE
Cash From Operating Activities 365.1M 352.2M 385.7M
Cash From Investing Activities -463.5M -262.1M -32.10M
Cash From Financing Activities 162.9M -62.80M -293.9M
Net Change In Cash 64.50M 27.30M 59.70M
YoY Change 136.26% -1111.11% -68.99%
FREE CASH FLOW
Cash From Operating Activities $365.1M $352.2M $385.7M
Capital Expenditures -$5.100M -$12.70M -$13.80M
Free Cash Flow $370.2M $364.9M $399.5M
YoY Change 1.45% -0.65% -2.01%

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974600000 USD
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281700000 USD
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1937100000 USD
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21800000 USD
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300000 USD
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45600000 USD
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49500000 USD
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569400000 USD
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431400000 USD
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354100000 USD
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32600000 USD
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21200000 USD
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13500000 USD
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16000000 USD
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19200000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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38200000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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20200000 USD
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11000000 USD
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6100000 USD
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11800000 USD
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41400000 USD
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57800000 USD
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CY2014 us-gaap Proceeds From Long Term Lines Of Credit
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1746500000 USD
CY2015 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1253300000 USD
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1350000000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-49900000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-12200000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3300000 USD
CY2014 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
14400000 USD
CY2015 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
20500000 USD
CY2016 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
4900000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
17300000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
24900000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
65300000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
57800000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
25600000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
767400000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
827200000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
739000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
231000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
234200000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
95400000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
114100000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
110100000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-9700000 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
11600000 USD
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
645500000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
612500000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
673500000 USD
CY2014 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1020600000 USD
CY2015 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1256000000 USD
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1125000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2581600000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3054400000 USD
CY2016Q4 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
134300000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
485500000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
443800000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
398100000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
937100000 USD
CY2016Q4 us-gaap Senior Notes
SeniorNotes
939400000 USD
CY2014 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1900000 shares
CY2016 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2700000 shares
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
440300000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-5300000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
54000000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
15500000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2837100000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3619600000 USD
CY2015Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
3259000000 USD
CY2016Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
4005600000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3144600000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3643200000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3769100000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4426500000 USD
CY2015 us-gaap Trading Securities Realized Gain
TradingSecuritiesRealizedGain
800000 USD
CY2016 us-gaap Trading Securities Realized Gain
TradingSecuritiesRealizedGain
4400000 USD
CY2015 us-gaap Trading Securities Realized Loss
TradingSecuritiesRealizedLoss
100000 USD
CY2016 us-gaap Trading Securities Realized Loss
TradingSecuritiesRealizedLoss
3400000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2000000 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1800000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
421900000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
386000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
238600000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
366000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33400000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20400000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
28800000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26900000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26800000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1600000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2600000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2200000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
10800000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
600000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4100000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4700000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
26400000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
25300000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
26000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58400000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57200000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54300000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54200000 shares
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash investments. The Company maintains cash and cash equivalents, investments and, at times, certain financial instruments with various high credit-quality financial institutions. These financial institutions are typically located in countries in which AMG and its Affiliates operate. For AMG and certain Affiliates, cash deposits at a financial institution may exceed Federal Deposit Insurance Corporation insurance limits.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.</font></div></div>

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0001004434-17-000004.txt Edgar Link pending
0001004434-17-000004-xbrl.zip Edgar Link pending
amg-20161231.xml Edgar Link completed
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