2017 Q2 Form 10-Q Financial Statement

#000100443417000019 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $570.9M $554.1M
YoY Change 3.03% -14.31%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $89.10M $96.60M
YoY Change -7.76% -15.49%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.90M $33.70M
YoY Change -20.18% 3.06%
% of Gross Profit
Operating Expenses $394.9M $372.3M
YoY Change 6.07% -17.52%
Operating Profit $275.9M $247.0M
YoY Change 11.7% 26.54%
Interest Expense $23.10M $21.90M
YoY Change 5.48% -2.67%
% of Operating Profit 8.37% 8.87%
Other Income/Expense, Net -$9.000M -$11.10M
YoY Change -18.92% -265.67%
Pretax Income $266.9M $235.9M
YoY Change 13.14% -9.96%
Income Tax $62.50M $52.30M
% Of Pretax Income 23.42% 22.17%
Net Earnings $126.3M $108.3M
YoY Change 16.62% -15.13%
Net Earnings / Revenue 22.12% 19.55%
Basic Earnings Per Share $2.24 $2.01
Diluted Earnings Per Share $2.22 $1.98
COMMON SHARES
Basic Shares Outstanding 56.30M shares 53.80M shares
Diluted Shares Outstanding 58.70M shares 56.70M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $468.2M $564.0M
YoY Change -16.99% -24.8%
Cash & Equivalents $364.6M $360.4M
Short-Term Investments $103.6M $203.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $440.3M $471.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $804.9M $832.2M
YoY Change -3.28% -14.25%
LONG-TERM ASSETS
Property, Plant & Equipment $109.7M $112.1M
YoY Change -2.14% 14.62%
Goodwill $2.648B $2.654B
YoY Change -0.23% -0.62%
Intangibles $1.476B $1.584B
YoY Change -6.84% -9.45%
Long-Term Investments $3.534B $2.797B
YoY Change 26.38% 31.95%
Other Assets
YoY Change
Total Long-Term Assets $7.827B $7.203B
YoY Change 8.68% 7.37%
TOTAL ASSETS
Total Short-Term Assets $804.9M $832.2M
Total Long-Term Assets $7.827B $7.203B
Total Assets $8.632B $8.035B
YoY Change 7.44% 4.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $618.3M $578.1M
YoY Change 6.95% -8.53%
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 $618.3M $578.1M
YoY Change 6.95% -8.53%
LONG-TERM LIABILITIES
Long-Term Debt $2.032B $2.137B
YoY Change -4.89% 14.68%
Other Long-Term Liabilities $203.6M $179.7M
YoY Change 13.3% -21.67%
Total Long-Term Liabilities $2.236B $2.317B
YoY Change -3.48% 10.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $618.3M $578.1M
Total Long-Term Liabilities $2.236B $2.317B
Total Liabilities $3.531B $3.505B
YoY Change 0.74% 6.29%
SHAREHOLDERS EQUITY
Retained Earnings $3.280B $2.891B
YoY Change 13.45% 19.48%
Common Stock $912.9M $528.3M
YoY Change 72.8% 5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $498.8M $424.6M
YoY Change 17.48% 22.4%
Treasury Stock Shares
Shareholders Equity $3.600B $2.919B
YoY Change
Total Liabilities & Shareholders Equity $8.632B $8.035B
YoY Change 7.44% 4.63%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $126.3M $108.3M
YoY Change 16.62% -15.13%
Depreciation, Depletion And Amortization $26.90M $33.70M
YoY Change -20.18% 3.06%
Cash From Operating Activities $321.9M $315.0M
YoY Change 2.19% -10.36%
INVESTING ACTIVITIES
Capital Expenditures -$3.100M -$4.500M
YoY Change -31.11% -35.71%
Acquisitions
YoY Change
Other Investing Activities -$12.20M $15.40M
YoY Change -179.22% -181.05%
Cash From Investing Activities -$15.30M $10.90M
YoY Change -240.37% -141.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -239.8M -277.0M
YoY Change -13.43% -2.29%
NET CHANGE
Cash From Operating Activities 321.9M 315.0M
Cash From Investing Activities -15.30M 10.90M
Cash From Financing Activities -239.8M -277.0M
Net Change In Cash 66.80M 48.90M
YoY Change 36.61% 16.71%
FREE CASH FLOW
Cash From Operating Activities $321.9M $315.0M
Capital Expenditures -$3.100M -$4.500M
Free Cash Flow $325.0M $319.5M
YoY Change 1.72% -10.85%

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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56700000 shares
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
1100000 USD
CY2016Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1800000 shares
CY2017Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56700000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
386000000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
498800000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33400000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59000000 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
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56500000 shares
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 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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