2015 Q4 Form 10-Q Financial Statement

#000138331216000078 Filed on February 04, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $638.9M $574.6M
YoY Change 11.19% 10.37%
Cost Of Revenue $464.5M $414.0M
YoY Change 12.2% 7.5%
Gross Profit $174.4M $160.6M
YoY Change 8.59% 18.52%
Gross Profit Margin 27.3% 27.95%
Selling, General & Admin $104.2M $101.5M
YoY Change 2.66% 18.02%
% of Gross Profit 59.75% 63.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.50M $17.70M
YoY Change 21.47% 5.99%
% of Gross Profit 12.33% 11.02%
Operating Expenses $104.2M $101.5M
YoY Change 2.66% 18.02%
Operating Profit $70.20M $59.10M
YoY Change 18.78% 19.39%
Interest Expense -$6.400M -$5.600M
YoY Change 14.29% -11.11%
% of Operating Profit -9.12% -9.48%
Other Income/Expense, Net -$8.900M -$7.500M
YoY Change 18.67% -1600.0%
Pretax Income $61.30M $51.60M
YoY Change 18.8% 20.84%
Income Tax $21.10M $16.90M
% Of Pretax Income 34.42% 32.75%
Net Earnings $40.20M $34.70M
YoY Change 15.85% 25.72%
Net Earnings / Revenue 6.29% 6.04%
Basic Earnings Per Share $0.34 $0.29
Diluted Earnings Per Share $0.33 $0.28
COMMON SHARES
Basic Shares Outstanding 118.5M shares 120.2M shares
Diluted Shares Outstanding 122.0M shares 124.4M shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $305.1M $314.1M
YoY Change -2.87% 30.71%
Cash & Equivalents $305.1M $314.1M
Short-Term Investments
Other Short-Term Assets $113.3M $99.70M
YoY Change 13.64% -10.1%
Inventory
Prepaid Expenses
Receivables $409.8M $366.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $828.2M $780.4M
YoY Change 6.13% 13.56%
LONG-TERM ASSETS
Property, Plant & Equipment $106.0M $82.20M
YoY Change 28.95% -5.52%
Goodwill $975.4M $874.0M
YoY Change 11.6% 7.52%
Intangibles $191.2M $125.0M
YoY Change 52.96% 3.39%
Long-Term Investments $38.50M $28.70M
YoY Change 34.15% 22.65%
Other Assets $252.7M $238.2M
YoY Change 6.09% 3.12%
Total Long-Term Assets $1.525B $1.319B
YoY Change 15.61% 5.4%
TOTAL ASSETS
Total Short-Term Assets $828.2M $780.4M
Total Long-Term Assets $1.525B $1.319B
Total Assets $2.354B $2.100B
YoY Change 12.09% 8.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.0M $93.50M
YoY Change 20.86% -3.21%
Accrued Expenses $152.3M $144.9M
YoY Change 5.11% 7.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $428.4M $359.7M
YoY Change 19.1% 4.59%
LONG-TERM LIABILITIES
Long-Term Debt $754.5M $524.3M
YoY Change 43.91% 0.04%
Other Long-Term Liabilities $101.1M $105.9M
YoY Change -4.53% 10.2%
Total Long-Term Liabilities $101.1M $105.9M
YoY Change -4.53% 10.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $428.4M $359.7M
Total Long-Term Liabilities $101.1M $105.9M
Total Liabilities $1.412B $1.117B
YoY Change 26.4% 3.29%
SHAREHOLDERS EQUITY
Retained Earnings $1.135B $976.2M
YoY Change 16.25% 17.16%
Common Stock $1.600M $1.600M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.041B $825.3M
YoY Change 26.11% 5.24%
Treasury Stock Shares 35.90M shares 34.00M shares
Shareholders Equity $941.5M $982.7M
YoY Change
Total Liabilities & Shareholders Equity $2.354B $2.100B
YoY Change 12.09% 8.29%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $40.20M $34.70M
YoY Change 15.85% 25.72%
Depreciation, Depletion And Amortization $21.50M $17.70M
YoY Change 21.47% 5.99%
Cash From Operating Activities $67.30M $53.70M
YoY Change 25.33% -44.24%
INVESTING ACTIVITIES
Capital Expenditures -$19.10M -$8.400M
YoY Change 127.38% -52.0%
Acquisitions
YoY Change
Other Investing Activities -$14.80M -$33.30M
YoY Change -55.56%
Cash From Investing Activities -$33.90M -$41.70M
YoY Change -18.71% 138.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.20M -22.80M
YoY Change -50.88% -0.87%
NET CHANGE
Cash From Operating Activities 67.30M 53.70M
Cash From Investing Activities -33.90M -41.70M
Cash From Financing Activities -11.20M -22.80M
Net Change In Cash 22.20M -10.80M
YoY Change -305.56% -119.35%
FREE CASH FLOW
Cash From Operating Activities $67.30M $53.70M
Capital Expenditures -$19.10M -$8.400M
Free Cash Flow $86.40M $62.10M
YoY Change 39.13% -45.43%

Facts In Submission

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PreferredStockSharesIssued
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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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-top:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">. The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes thereto. Actual results may differ from those estimates.</font></div></div>

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