2015 Q4 Form 10-Q Financial Statement

#000105147015000128 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $945.8M $918.1M $925.9M
YoY Change 2.16% 2.83% 15.96%
Cost Of Revenue $342.0M $86.86M $354.8M
YoY Change -3.61% -14.69% 59.17%
Gross Profit $603.8M $831.2M $571.1M
YoY Change 5.73% 5.08% 36.33%
Gross Profit Margin 63.84% 90.54% 61.68%
Selling, General & Admin $87.00M $76.70M $70.10M
YoY Change 24.11% 17.61% 66.9%
% of Gross Profit 14.41% 9.23% 12.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $269.6M $261.6M $246.8M
YoY Change 9.24% 5.83% 46.21%
% of Gross Profit 44.65% 31.47% 43.21%
Operating Expenses $356.6M $76.70M $316.9M
YoY Change 12.53% 17.61% 50.33%
Operating Profit $229.7M $230.8M $245.2M
YoY Change -6.32% -3.45% 4.83%
Interest Expense -$127.5M -$129.7M -$142.0M
YoY Change -10.21% -934.03% -0.63%
% of Operating Profit -55.5% -56.2% -57.9%
Other Income/Expense, Net -$1.600M -$1.214M $22.20M
YoY Change -107.21% 74.93% -816.13%
Pretax Income $100.6M $100.5M $125.5M
YoY Change -19.84% 3.42% 171.65%
Income Tax -$42.08M -$3.801M $3.126M
% Of Pretax Income -41.83% -3.78% 2.49%
Net Earnings $141.1M $103.8M $148.1M
YoY Change -4.73% -2.95% -728.85%
Net Earnings / Revenue 14.91% 11.3% 15.99%
Basic Earnings Per Share $0.39 $0.28 $0.41
Diluted Earnings Per Share $0.39 $0.28 $0.41
COMMON SHARES
Basic Shares Outstanding 333.8M shares 333.0M shares 333.9M shares
Diluted Shares Outstanding 333.7M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $179.0M $184.0M $151.0M
YoY Change 18.54% -23.01% -32.29%
Cash & Equivalents $178.8M $184.1M $151.3M
Short-Term Investments
Other Short-Term Assets $225.2M $222.3M $119.3M
YoY Change 88.77% 131.07% 54.7%
Inventory
Prepaid Expenses $133.2M $143.7M $138.9M
Receivables $313.3M $324.6M $313.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $981.2M $1.024B $1.283B
YoY Change -23.52% 4.66% 43.72%
LONG-TERM ASSETS
Property, Plant & Equipment $9.580B $9.499B $8.983B
YoY Change 6.65% 7.08% 0.39%
Goodwill $5.514B $5.527B $5.196B
YoY Change 6.1% 8.55% 5.99%
Intangibles $3.780B $3.837B $3.682B
YoY Change 2.67% 1.1% -9.27%
Long-Term Investments
YoY Change
Other Assets $775.8M $825.5M $797.4M
YoY Change -2.71% 1.02% 16.88%
Total Long-Term Assets $20.96B $20.97B $19.86B
YoY Change 5.52% 5.88% 0.8%
TOTAL ASSETS
Total Short-Term Assets $981.2M $1.024B $1.283B
Total Long-Term Assets $20.96B $20.97B $19.86B
Total Assets $21.94B $22.00B $21.14B
YoY Change 3.75% 5.83% 2.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.6M $157.0M $162.4M
YoY Change -1.7% -10.33% 11.7%
Accrued Expenses $267.0M $251.0M $249.0M
YoY Change 7.23% 5.91% 0.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $106.0M $102.0M $113.0M
YoY Change -6.19% -4.67% 8.65%
Total Short-Term Liabilities $855.4M $824.5M $932.1M
YoY Change -8.24% -2.49% 23.23%
LONG-TERM LIABILITIES
Long-Term Debt $12.04B $12.04B $11.81B
YoY Change 2.0% 4.99% 2.76%
Other Long-Term Liabilities $1.949B $1.859B $1.666B
YoY Change 16.94% 19.77% 23.44%
Total Long-Term Liabilities $1.949B $1.859B $1.666B
YoY Change 16.94% 19.77% 23.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $855.4M $824.5M $932.1M
Total Long-Term Liabilities $1.949B $1.859B $1.666B
Total Liabilities $14.85B $14.76B $14.41B
YoY Change 3.07% 5.98% 5.51%
SHAREHOLDERS EQUITY
Retained Earnings -$2.458B -$2.292B -$2.815B
YoY Change -12.68% -14.41% 11.02%
Common Stock $3.338M $3.339M $3.339M
YoY Change -0.03% 0.0% -0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.089B $7.240B $6.716B
YoY Change
Total Liabilities & Shareholders Equity $21.94B $22.00B $21.14B
YoY Change 3.75% 5.83% 2.66%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income $141.1M $103.8M $148.1M
YoY Change -4.73% -2.95% -728.85%
Depreciation, Depletion And Amortization $269.6M $261.6M $246.8M
YoY Change 9.24% 5.83% 46.21%
Cash From Operating Activities $501.5M $371.4M $473.9M
YoY Change 5.82% -13.33% 18.83%
INVESTING ACTIVITIES
Capital Expenditures -$250.7M -$237.3M -$259.5M
YoY Change -3.39% 18.83% 73.81%
Acquisitions
YoY Change
Other Investing Activities -$20.50M -$1.012B -$292.7M
YoY Change -93.0% 985.84% -94.07%
Cash From Investing Activities -$271.1M -$1.250B -$552.2M
YoY Change -50.91% 326.6% -89.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -235.5M 724.2M 16.00M
YoY Change -1571.88% -687.82% -99.66%
NET CHANGE
Cash From Operating Activities 501.5M 371.4M 473.9M
Cash From Investing Activities -271.1M -1.250B -552.2M
Cash From Financing Activities -235.5M 724.2M 16.00M
Net Change In Cash -5.100M -153.9M -62.30M
YoY Change -91.81% -1341.13% 5563.64%
FREE CASH FLOW
Cash From Operating Activities $501.5M $371.4M $473.9M
Capital Expenditures -$250.7M -$237.3M -$259.5M
Free Cash Flow $752.2M $608.7M $733.4M
YoY Change 2.56% -3.1% 33.81%

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333241000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
333049000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332951000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333020000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333711000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333735000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332413000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332264000 shares

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