2017 Q1 Form 10-Q Financial Statement

#000100443417000011 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $544.3M $545.4M
YoY Change -0.2% -14.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $88.70M $95.90M
YoY Change -7.51% -11.78%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.10M $31.60M
YoY Change -14.24% -1.86%
% of Gross Profit
Operating Expenses $391.7M $366.6M
YoY Change 6.85% -9.17%
Operating Profit $262.5M $246.8M
YoY Change 6.36% 6.66%
Interest Expense $22.50M $22.30M
YoY Change 0.9% 0.45%
% of Operating Profit 8.57% 9.04%
Other Income/Expense, Net -$9.200M -$16.30M
YoY Change -43.56% -381.03%
Pretax Income $253.3M $230.5M
YoY Change 9.89% -20.6%
Income Tax $59.70M $57.00M
% Of Pretax Income 23.57% 24.73%
Net Earnings $122.5M $104.0M
YoY Change 17.79% -17.92%
Net Earnings / Revenue 22.51% 19.07%
Basic Earnings Per Share $2.16 $1.93
Diluted Earnings Per Share $2.13 $1.90
COMMON SHARES
Basic Shares Outstanding 56.70M shares 54.00M shares
Diluted Shares Outstanding 59.20M shares 56.60M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $371.4M $505.8M
YoY Change -26.57% -19.85%
Cash & Equivalents $293.6M $297.6M
Short-Term Investments $77.80M $208.2M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $449.0M $495.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $742.6M $793.1M
YoY Change -6.37% -16.71%
LONG-TERM ASSETS
Property, Plant & Equipment $109.1M $113.1M
YoY Change -3.54% 19.18%
Goodwill $2.634B $2.672B
YoY Change -1.44% 1.95%
Intangibles $1.482B $1.648B
YoY Change -10.03% -4.47%
Long-Term Investments $3.563B $2.811B
YoY Change 26.75% 38.55%
Other Assets
YoY Change
Total Long-Term Assets $7.848B $7.298B
YoY Change 7.53% 11.56%
TOTAL ASSETS
Total Short-Term Assets $742.6M $793.1M
Total Long-Term Assets $7.848B $7.298B
Total Assets $8.590B $8.091B
YoY Change 6.16% 7.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $541.6M $571.0M
YoY Change -5.15% -1.07%
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 $541.6M $571.0M
YoY Change -5.15% -1.07%
LONG-TERM LIABILITIES
Long-Term Debt $2.026B $2.301B
YoY Change -11.94% 19.66%
Other Long-Term Liabilities $253.3M $189.7M
YoY Change 33.53% 4.63%
Total Long-Term Liabilities $2.279B $2.491B
YoY Change -8.48% 18.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $541.6M $571.0M
Total Long-Term Liabilities $2.279B $2.491B
Total Liabilities $3.488B $3.661B
YoY Change -4.73% 14.18%
SHAREHOLDERS EQUITY
Retained Earnings $3.165B $2.784B
YoY Change 13.71% 21.49%
Common Stock $925.8M $542.0M
YoY Change 70.81% 4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $397.6M $430.8M
YoY Change -7.71% 71.98%
Treasury Stock Shares
Shareholders Equity $3.585B $2.868B
YoY Change
Total Liabilities & Shareholders Equity $8.590B $8.091B
YoY Change 6.16% 7.97%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $122.5M $104.0M
YoY Change 17.79% -17.92%
Depreciation, Depletion And Amortization $27.10M $31.60M
YoY Change -14.24% -1.86%
Cash From Operating Activities $122.1M $25.60M
YoY Change 376.95% -78.51%
INVESTING ACTIVITIES
Capital Expenditures $4.100M $4.100M
YoY Change 0.0% -12.77%
Acquisitions
YoY Change
Other Investing Activities $20.40M -$546.8M
YoY Change -103.73% -136800.0%
Cash From Investing Activities $16.30M -$550.9M
YoY Change -102.96% 12711.63%
FINANCING ACTIVITIES
Cash Dividend Paid $11.30M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $59.70M $12.40M
YoY Change 381.45% -91.96%
Debt Paid & Issued, Net $160.0M
YoY Change
Cash From Financing Activities -$277.4M $259.8M
YoY Change -206.77% -219.45%
NET CHANGE
Cash From Operating Activities $122.1M $25.60M
Cash From Investing Activities $16.30M -$550.9M
Cash From Financing Activities -$277.4M $259.8M
Net Change In Cash -$139.0M -$265.5M
YoY Change -47.65% 158.52%
FREE CASH FLOW
Cash From Operating Activities $122.1M $25.60M
Capital Expenditures $4.100M $4.100M
Free Cash Flow $118.0M $21.50M
YoY Change 448.84% -81.21%

Facts In Submission

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CY2016Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Stockholders Equity
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4005600000 USD
CY2017Q1 us-gaap Stockholders Equity Before Treasury Stock
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CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Trading Securities
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40500000 USD
CY2017Q1 us-gaap Trading Securities
TradingSecurities
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CY2015Q4 us-gaap Trading Securities Cost
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CY2016Q4 us-gaap Trading Securities Cost
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41000000 USD
CY2016Q1 us-gaap Trading Securities Unrealized Holding Gain
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CY2017Q1 us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
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CY2016Q1 us-gaap Trading Securities Unrealized Holding Loss
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500000 USD
CY2017Q1 us-gaap Trading Securities Unrealized Holding Loss
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CY2016Q4 us-gaap Treasury Stock Value
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CY2017Q1 us-gaap Treasury Stock Value
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CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2017Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59200000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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54000000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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56700000 shares
CY2017Q1 us-gaap Use Of Estimates
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<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 accordance 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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