2013 Q3 Form 10-Q Financial Statement

#000101884013000029 Filed on September 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $945.7M $951.4M
YoY Change -0.6% 3.78%
Cost Of Revenue $341.6M $359.0M
YoY Change -4.84% 7.56%
Gross Profit $604.1M $592.5M
YoY Change 1.97% 2.42%
Gross Profit Margin 63.88% 62.27%
Selling, General & Admin $589.4M $569.4M
YoY Change 3.51% 6.37%
% of Gross Profit 97.56% 96.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.80M $54.80M
YoY Change 10.95% -7.43%
% of Gross Profit 10.06% 9.25%
Operating Expenses $588.8M $569.3M
YoY Change 3.43% 6.23%
Operating Profit $19.17M $25.01M
YoY Change -23.36% -46.99%
Interest Expense $1.100M $900.0K
YoY Change 22.22% 12.5%
% of Operating Profit 5.74% 3.6%
Other Income/Expense, Net $6.600M -$1.600M
YoY Change -512.5%
Pretax Income $17.42M $23.46M
YoY Change -25.77% -49.21%
Income Tax $6.045M $6.400M
% Of Pretax Income 34.71% 27.28%
Net Earnings $11.37M $17.05M
YoY Change -33.32% -39.36%
Net Earnings / Revenue 1.2% 1.79%
Basic Earnings Per Share $0.15 $0.21
Diluted Earnings Per Share $0.14 $0.20
COMMON SHARES
Basic Shares Outstanding 77.38M shares 82.56M shares
Diluted Shares Outstanding 79.27M shares 83.44M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $335.0M $332.3M
YoY Change 0.81% -38.42%
Cash & Equivalents $335.0M $312.2M
Short-Term Investments $20.10M
Other Short-Term Assets $107.6M $91.21M
YoY Change 18.0% -37.06%
Inventory $633.5M $621.7M
Prepaid Expenses
Receivables $92.90M $95.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.216B $1.227B
YoY Change -0.86% -5.46%
LONG-TERM ASSETS
Property, Plant & Equipment $1.253B $1.280B
YoY Change -2.14% 6.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $373.9M $362.3M
YoY Change 3.2% 9.77%
Total Long-Term Assets $1.627B $1.643B
YoY Change -0.96% 0.86%
TOTAL ASSETS
Total Short-Term Assets $1.216B $1.227B
Total Long-Term Assets $1.627B $1.643B
Total Assets $2.843B $2.869B
YoY Change -0.92% -1.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $195.7M $186.4M
YoY Change 4.98% -15.63%
Accrued Expenses $291.8M $350.1M
YoY Change -16.65% 16.46%
Deferred Revenue
YoY Change
Short-Term Debt $15.00M $75.00M
YoY Change -80.0%
Long-Term Debt Due $15.00M
YoY Change
Total Short-Term Liabilities $579.2M $687.6M
YoY Change -15.76% 18.38%
LONG-TERM LIABILITIES
Long-Term Debt $127.5M $62.80M
YoY Change 103.03% 138.78%
Other Long-Term Liabilities $233.4M $246.1M
YoY Change -5.18% -39.75%
Total Long-Term Liabilities $580.0M $485.8M
YoY Change 19.38% 11.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $579.2M $687.6M
Total Long-Term Liabilities $580.0M $485.8M
Total Liabilities $1.159B $1.173B
YoY Change -1.21% 12.91%
SHAREHOLDERS EQUITY
Retained Earnings $2.536B $2.310B
YoY Change 9.82%
Common Stock $410.4M $379.1M
YoY Change 8.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.241B $985.4M
YoY Change 25.98%
Treasury Stock Shares 26.92M shares 20.73M shares
Shareholders Equity $1.684B $1.696B
YoY Change
Total Liabilities & Shareholders Equity $2.843B $2.869B
YoY Change -0.92% -1.94%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $11.37M $17.05M
YoY Change -33.32% -39.36%
Depreciation, Depletion And Amortization $60.80M $54.80M
YoY Change 10.95% -7.43%
Cash From Operating Activities -$65.10M $20.20M
YoY Change -422.28% 296.08%
INVESTING ACTIVITIES
Capital Expenditures -$38.80M -$96.20M
YoY Change -59.67% 18.04%
Acquisitions
YoY Change
Other Investing Activities -$2.700M $16.30M
YoY Change -116.56% -188.11%
Cash From Investing Activities -$41.50M -$79.80M
YoY Change -47.99% -20.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -114.2M 56.60M
YoY Change -301.77% -154.01%
NET CHANGE
Cash From Operating Activities -65.10M 20.20M
Cash From Investing Activities -41.50M -79.80M
Cash From Financing Activities -114.2M 56.60M
Net Change In Cash -220.8M -3.000M
YoY Change 7260.0% -98.5%
FREE CASH FLOW
Cash From Operating Activities -$65.10M $20.20M
Capital Expenditures -$38.80M -$96.20M
Free Cash Flow -$26.30M $116.4M
YoY Change -122.59% 34.41%

Facts In Submission

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<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;">RECENT ACCOUNTING PRONOUNCEMENTS</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2013, the FASB issued ASU 2013-02, which amends Accounting Standards Codification Topic 220, "Comprehensive Income." The ASU contains new requirements related to the presentation and disclosure of items that are reclassified out of other comprehensive income. The new requirements will give financial statement users a more comprehensive view of items that are reclassified out of other comprehensive income. ASU 2013-02 is effective for the Company's fiscal year and interim periods beginning after December 15, 2012, and is to be applied prospectively. The adoption did not have a material effect on the Company's consolidated financial statements.</font></div></div>
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anf Additional Time Period In Which Forecasted Transaction Is Not Expected To Occur
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CY2013Q3 anf Amortized Deferred Lease Credits Accumulated
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CY2013Q1 anf Amortized Deferred Lease Credits Accumulated
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CY2013Q3 anf Deferred Lease Credits Noncurrent
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CY2013Q3 anf Inventory Shrink Reserve
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CY2013Q1 anf Leasehold Financing Obligation
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CY2013Q3 anf Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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dei Document Period End Date
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dei Document Type
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CY2013Q3 dei Entity Common Stock Shares Outstanding
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dei Entity Current Reporting Status
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dei Entity Filer Category
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dei Entity Voluntary Filers
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No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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