2016 Q1 Form 10-Q Financial Statement

#000105147016000233 Filed on May 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $934.4M $900.5M
YoY Change 3.77% 6.97%
Cost Of Revenue $80.97M $86.92M
YoY Change -6.84% 19.27%
Gross Profit $853.4M $813.6M
YoY Change 4.9% 5.81%
Gross Profit Margin 91.33% 90.35%
Selling, General & Admin $97.58M $74.06M
YoY Change 31.77% 14.2%
% of Gross Profit 11.43% 9.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $277.9M $251.8M
YoY Change 10.37% 0.64%
% of Gross Profit 32.56% 30.95%
Operating Expenses $97.58M $74.06M
YoY Change 31.77% 14.2%
Operating Profit $211.7M $244.9M
YoY Change -13.54% 2.38%
Interest Expense -$127.1M -$135.8M
YoY Change -6.41% -939.2%
% of Operating Profit -60.03% -55.45%
Other Income/Expense, Net -$3.273M -$225.0K
YoY Change 1354.67% -91.78%
Pretax Income $51.71M $110.3M
YoY Change -53.12% 7.5%
Income Tax $3.872M -$1.435M
% Of Pretax Income 7.49% -1.3%
Net Earnings $47.84M $122.8M
YoY Change -61.04% 20.98%
Net Earnings / Revenue 5.12% 13.64%
Basic Earnings Per Share $0.11 $0.34
Diluted Earnings Per Share $0.11 $0.34
COMMON SHARES
Basic Shares Outstanding 334.2M shares 332.7M shares
Diluted Shares Outstanding 334.9M shares 333.5M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.0M $240.0M
YoY Change -26.67% 19.4%
Cash & Equivalents $175.7M $240.2M
Short-Term Investments
Other Short-Term Assets $119.6M $83.39M
YoY Change 43.37% 0.2%
Inventory
Prepaid Expenses $141.5M $144.3M
Receivables $254.7M $292.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $820.9M $927.5M
YoY Change -11.5% 8.83%
LONG-TERM ASSETS
Property, Plant & Equipment $9.559B $9.140B
YoY Change 4.59% 2.38%
Goodwill $5.531B $5.215B
YoY Change 6.05% 5.7%
Intangibles $3.707B $3.651B
YoY Change 1.54% -8.67%
Long-Term Investments
YoY Change
Other Assets $781.9M $860.7M
YoY Change -9.16% 20.53%
Total Long-Term Assets $20.90B $20.18B
YoY Change 3.57% 2.34%
TOTAL ASSETS
Total Short-Term Assets $820.9M $927.5M
Total Long-Term Assets $20.90B $20.18B
Total Assets $21.72B $21.11B
YoY Change 2.9% 2.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $141.6M $146.9M
YoY Change -3.62% 15.62%
Accrued Expenses $250.0M $232.0M
YoY Change 7.76% 5.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $88.00M $116.0M
YoY Change -24.14% 10.48%
Total Short-Term Liabilities $811.9M $822.0M
YoY Change -1.22% 16.05%
LONG-TERM LIABILITIES
Long-Term Debt $11.78B $11.95B
YoY Change -1.47% 4.24%
Other Long-Term Liabilities $1.975B $1.732B
YoY Change 14.01% 23.16%
Total Long-Term Liabilities $1.975B $1.732B
YoY Change 14.01% 23.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $811.9M $822.0M
Total Long-Term Liabilities $1.975B $1.732B
Total Liabilities $14.57B $14.55B
YoY Change 0.13% 6.69%
SHAREHOLDERS EQUITY
Retained Earnings -$2.720B -$2.978B
YoY Change -8.66% 16.23%
Common Stock $3.375M $3.339M
YoY Change 1.08% 0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.153B $6.537B
YoY Change
Total Liabilities & Shareholders Equity $21.72B $21.11B
YoY Change 2.9% 2.6%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $47.84M $122.8M
YoY Change -61.04% 20.98%
Depreciation, Depletion And Amortization $277.9M $251.8M
YoY Change 10.37% 0.64%
Cash From Operating Activities $437.7M $453.1M
YoY Change -3.4% 25.06%
INVESTING ACTIVITIES
Capital Expenditures -$193.5M -$201.7M
YoY Change -4.07% 41.15%
Acquisitions $22.03M $17.49M
YoY Change 25.93% -71.89%
Other Investing Activities $369.0K $514.0K
YoY Change -28.21% -153.99%
Cash From Investing Activities -$207.7M -$219.7M
YoY Change -5.42% 7.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$299.4M $29.37M
YoY Change -1119.49% 37.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$345.6M -$172.2M
YoY Change 100.64% -1.27%
NET CHANGE
Cash From Operating Activities $437.7M $453.1M
Cash From Investing Activities -$207.7M -$219.7M
Cash From Financing Activities -$345.6M -$172.2M
Net Change In Cash -$115.7M $61.16M
YoY Change -289.16% -473.02%
FREE CASH FLOW
Cash From Operating Activities $437.7M $453.1M
Capital Expenditures -$193.5M -$201.7M
Free Cash Flow $631.2M $654.8M
YoY Change -3.6% 29.61%

Facts In Submission

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CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
225214000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
119563000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
775790000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
781881000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-16262000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-579000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8771000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-579000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1070000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-7491000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
199923000 USD
CY2016Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
172165000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1948636000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1975135000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
558000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2166000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-225000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3273000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
514000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7772000 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29372000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24354000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
273685000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
299090000 USD
CY2015Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
10997000 USD
CY2016Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
10997000 USD
CY2015Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1904000 USD
CY2016Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
27421000 USD
CY2015Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17493000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22029000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
201653000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
193489000 USD
CY2015Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
977500000 USD
CY2016Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
977500000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
9775000 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
9775000 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
9775000 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
9775000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
98000 USD
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
98000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
133194000 USD
CY2016Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
141529000 USD
CY2016Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
1100000000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
323798000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3496901000 USD
CY2015Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
230000000 USD
CY2016Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2065000000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
10214000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
1113000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
125112000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
47840000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9580057000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9559397000 USD
CY2015Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
65000000 USD
CY2016Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2980000000 USD
CY2015Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
31497000 USD
CY2016Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
14152000 USD
CY2015Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
CY2016Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2876390000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
135731000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
134419000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
130731000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
129419000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2458397000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2720364000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
900471000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
934384000 USD
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
169091000 USD
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
135090000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
74056000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
97581000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
15244000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
19895000 USD
CY2016Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1200000 shares
CY2016Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
300000 shares
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7089221000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7152994000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
773000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
774000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333485000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
334929000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332712000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
334155000 shares

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