2016 Q4 Form 10-Q Financial Statement

#000138331217000012 Filed on February 08, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $892.6M $638.9M
YoY Change 39.71% 11.19%
Cost Of Revenue $707.8M $464.5M
YoY Change 52.38% 12.2%
Gross Profit $184.9M $174.4M
YoY Change 6.02% 8.59%
Gross Profit Margin 20.71% 27.3%
Selling, General & Admin $126.0M $104.2M
YoY Change 20.92% 2.66%
% of Gross Profit 68.14% 59.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.30M $21.50M
YoY Change 73.49% 21.47%
% of Gross Profit 20.17% 12.33%
Operating Expenses $126.0M $104.2M
YoY Change 20.92% 2.66%
Operating Profit $58.80M $70.20M
YoY Change -16.24% 18.78%
Interest Expense -$10.60M -$6.400M
YoY Change 65.63% 14.29%
% of Operating Profit -18.03% -9.12%
Other Income/Expense, Net -$2.500M -$8.900M
YoY Change -71.91% 18.67%
Pretax Income $45.70M $61.30M
YoY Change -25.45% 18.8%
Income Tax $15.60M $21.10M
% Of Pretax Income 34.14% 34.42%
Net Earnings $30.10M $40.20M
YoY Change -25.12% 15.85%
Net Earnings / Revenue 3.37% 6.29%
Basic Earnings Per Share $0.25 $0.34
Diluted Earnings Per Share $0.25 $0.33
COMMON SHARES
Basic Shares Outstanding 118.7M shares 118.5M shares
Diluted Shares Outstanding 121.5M shares 122.0M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $235.7M $305.1M
YoY Change -22.75% -2.87%
Cash & Equivalents $235.7M $305.1M
Short-Term Investments
Other Short-Term Assets $148.1M $113.3M
YoY Change 30.71% 13.64%
Inventory
Prepaid Expenses
Receivables $515.5M $409.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $899.4M $828.2M
YoY Change 8.6% 6.13%
LONG-TERM ASSETS
Property, Plant & Equipment $145.5M $106.0M
YoY Change 37.26% 28.95%
Goodwill $1.140B $975.4M
YoY Change 16.83% 11.6%
Intangibles $485.9M $191.2M
YoY Change 154.13% 52.96%
Long-Term Investments $56.70M $38.50M
YoY Change 47.27% 34.15%
Other Assets $296.8M $252.7M
YoY Change 17.45% 6.09%
Total Long-Term Assets $2.068B $1.525B
YoY Change 35.56% 15.61%
TOTAL ASSETS
Total Short-Term Assets $899.4M $828.2M
Total Long-Term Assets $2.068B $1.525B
Total Assets $2.967B $2.354B
YoY Change 26.07% 12.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.6M $113.0M
YoY Change 24.42% 20.86%
Accrued Expenses $174.0M $152.3M
YoY Change 14.25% 5.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $124.9M
YoY Change
Total Short-Term Liabilities $638.2M $428.4M
YoY Change 48.97% 19.1%
LONG-TERM LIABILITIES
Long-Term Debt $1.081B $754.5M
YoY Change 43.29% 43.91%
Other Long-Term Liabilities $117.7M $101.1M
YoY Change 16.42% -4.53%
Total Long-Term Liabilities $1.199B $101.1M
YoY Change 1085.76% -4.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $638.2M $428.4M
Total Long-Term Liabilities $1.199B $101.1M
Total Liabilities $1.982B $1.412B
YoY Change 40.33% 26.4%
SHAREHOLDERS EQUITY
Retained Earnings $1.284B $1.135B
YoY Change 13.1% 16.25%
Common Stock $1.600M $1.600M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.190B $1.041B
YoY Change 14.33% 26.11%
Treasury Stock Shares 36.30M shares 35.90M shares
Shareholders Equity $985.8M $941.5M
YoY Change
Total Liabilities & Shareholders Equity $2.967B $2.354B
YoY Change 26.07% 12.09%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $30.10M $40.20M
YoY Change -25.12% 15.85%
Depreciation, Depletion And Amortization $37.30M $21.50M
YoY Change 73.49% 21.47%
Cash From Operating Activities $81.80M $67.30M
YoY Change 21.55% 25.33%
INVESTING ACTIVITIES
Capital Expenditures -$17.20M -$19.10M
YoY Change -9.95% 127.38%
Acquisitions
YoY Change
Other Investing Activities -$27.80M -$14.80M
YoY Change 87.84% -55.56%
Cash From Investing Activities -$45.00M -$33.90M
YoY Change 32.74% -18.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.90M -11.20M
YoY Change 131.25% -50.88%
NET CHANGE
Cash From Operating Activities 81.80M 67.30M
Cash From Investing Activities -45.00M -33.90M
Cash From Financing Activities -25.90M -11.20M
Net Change In Cash 10.90M 22.20M
YoY Change -50.9% -305.56%
FREE CASH FLOW
Cash From Operating Activities $81.80M $67.30M
Capital Expenditures -$17.20M -$19.10M
Free Cash Flow $99.00M $86.40M
YoY Change 14.58% 39.13%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:24px;font-size:10pt;"><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. These estimates are based on management&#8217;s best knowledge of current events, historical experience, actions that the Company may undertake in the future and on various other assumptions and judgment that are believed to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates.</font></div></div>

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