2015 Q4 Form 10-Q Financial Statement

#000137431015000031 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $155.9M $187.0M $148.9M
YoY Change -6.33% 25.6% 8.9%
Cost Of Revenue $17.80M $21.80M $16.20M
YoY Change -7.77% 34.57% 17.39%
Gross Profit $138.1M $165.2M $132.7M
YoY Change -6.18% 24.49% 7.97%
Gross Profit Margin 88.56% 88.33% 89.11%
Selling, General & Admin $49.10M $50.40M $45.90M
YoY Change 2.51% 9.8% 2.23%
% of Gross Profit 35.55% 30.51% 34.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.20M $12.50M $10.50M
YoY Change 10.91% 19.05% 23.53%
% of Gross Profit 8.83% 7.57% 7.91%
Operating Expenses $80.05M $85.93M $73.83M
YoY Change 0.66% 16.39% 8.07%
Operating Profit $75.90M $101.1M $75.08M
YoY Change -12.73% 34.66% 9.73%
Interest Expense $3.800M $300.0K -$300.0K
YoY Change -226.67% -200.0% -40.0%
% of Operating Profit 5.01% 0.3% -0.4%
Other Income/Expense, Net $1.285M $1.340M
YoY Change -4.1% 16.93%
Pretax Income $79.70M $101.5M $74.81M
YoY Change -5.01% 35.61% 10.16%
Income Tax $29.30M $33.94M $26.45M
% Of Pretax Income 36.76% 33.45% 35.35%
Net Earnings $50.40M $67.52M $48.37M
YoY Change 2.15% 39.59% 16.95%
Net Earnings / Revenue 32.32% 36.1% 32.48%
Basic Earnings Per Share $0.81 $0.57
Diluted Earnings Per Share $0.61 $0.81 $0.57
COMMON SHARES
Basic Shares Outstanding 82.45M shares 82.76M shares 85.05M shares
Diluted Shares Outstanding 82.76M shares 85.05M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.3M $121.7M $126.5M
YoY Change -30.83% -3.79% -44.13%
Cash & Equivalents $102.3M $121.7M $126.5M
Short-Term Investments
Other Short-Term Assets $625.0K $988.0K $667.0K
YoY Change -35.7% 48.13% 1.21%
Inventory
Prepaid Expenses
Receivables $62.54M $65.86M $55.12M
Other Receivables $27.90M $19.30M $22.40M
Total Short-Term Assets $204.1M $222.7M $222.7M
YoY Change -16.38% -0.01% -27.9%
LONG-TERM ASSETS
Property, Plant & Equipment $60.36M $58.22M $70.38M
YoY Change -9.72% -17.27% 1.63%
Goodwill $7.655M $7.655M
YoY Change
Intangibles $2.378M $2.560M
YoY Change
Long-Term Investments $12.19M $43.68M $14.92M
YoY Change 2.39% 192.78% 6.31%
Other Assets
YoY Change
Total Long-Term Assets $180.7M $174.7M $144.4M
YoY Change 29.24% 21.03% 9.18%
TOTAL ASSETS
Total Short-Term Assets $204.1M $222.7M $222.7M
Total Long-Term Assets $180.7M $174.7M $144.4M
Total Assets $384.8M $397.4M $367.1M
YoY Change 0.23% 8.26% -16.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.762M $1.943M $1.899M
YoY Change -36.6% 2.32% -0.63%
Accrued Expenses $51.40M $52.90M $39.30M
YoY Change 11.02% 34.61% -12.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $74.00M $78.66M $68.28M
YoY Change 0.45% 15.2% 4.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.883M $3.092M $4.082M
YoY Change -31.31% -24.25% 5.26%
Total Long-Term Liabilities $51.15M $58.94M $53.68M
YoY Change -15.0% 9.8% 6.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.00M $78.66M $68.28M
Total Long-Term Liabilities $51.15M $58.94M $53.68M
Total Liabilities $125.1M $137.6M $122.0M
YoY Change -6.49% 12.82% 5.37%
SHAREHOLDERS EQUITY
Retained Earnings $603.6M $572.2M $440.4M
YoY Change 27.88% 29.92% 21.39%
Common Stock $124.5M $120.4M $108.0M
YoY Change 13.07% 11.45% 24.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $467.6M $432.9M $303.5M
YoY Change 40.73% 42.6% 144.18%
Treasury Stock Shares 10.65M shares 10.13M shares 7.965M shares
Shareholders Equity $259.6M $259.8M $245.1M
YoY Change
Total Liabilities & Shareholders Equity $384.8M $397.4M $367.1M
YoY Change 0.23% 8.26% -16.79%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $50.40M $67.52M $48.37M
YoY Change 2.15% 39.59% 16.95%
Depreciation, Depletion And Amortization $12.20M $12.50M $10.50M
YoY Change 10.91% 19.05% 23.53%
Cash From Operating Activities $51.20M $88.30M $62.90M
YoY Change -34.86% 40.38% 13.33%
INVESTING ACTIVITIES
Capital Expenditures -$12.40M -$9.300M -$11.70M
YoY Change 21.57% -20.51% 74.63%
Acquisitions
YoY Change
Other Investing Activities -$4.400M -$5.000M -$500.0K
YoY Change 780.0% 900.0% 25.0%
Cash From Investing Activities -$16.80M -$14.30M -$12.20M
YoY Change 58.49% 17.21% 71.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.80M -41.90M -69.20M
YoY Change 15.7% -39.45% 132.21%
NET CHANGE
Cash From Operating Activities 51.20M 88.30M 62.90M
Cash From Investing Activities -16.80M -14.30M -12.20M
Cash From Financing Activities -53.80M -41.90M -69.20M
Net Change In Cash -19.40M 32.10M -18.50M
YoY Change -190.23% -273.51% -199.46%
FREE CASH FLOW
Cash From Operating Activities $51.20M $88.30M $62.90M
Capital Expenditures -$12.40M -$9.300M -$11.70M
Free Cash Flow $63.60M $97.60M $74.60M
YoY Change -28.38% 30.83% 19.94%

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