2015 Q2 Form 10-Q Financial Statement

#000082281815000023 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $936.2M $858.5M
YoY Change 9.06% -0.24%
Cost Of Revenue $652.7M $607.0M
YoY Change 7.54% -1.2%
Gross Profit $283.5M $251.5M
YoY Change 12.73% 2.16%
Gross Profit Margin 30.29% 29.3%
Selling, General & Admin $120.4M $115.7M
YoY Change 4.05% -5.61%
% of Gross Profit 42.47% 46.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.77M $66.08M
YoY Change 2.57% -2.06%
% of Gross Profit 23.9% 26.27%
Operating Expenses $120.4M $115.7M
YoY Change 4.05% -5.61%
Operating Profit $60.76M $67.12M
YoY Change -9.47% 26.05%
Interest Expense -$19.25M -$19.38M
YoY Change -0.69% -1.11%
% of Operating Profit -31.68% -28.88%
Other Income/Expense, Net -$660.0K -$655.0K
YoY Change 0.76% -139.58%
Pretax Income $40.85M $47.08M
YoY Change -13.23% 33.32%
Income Tax $30.45M $18.41M
% Of Pretax Income 74.55% 39.1%
Net Earnings $10.40M $28.67M
YoY Change -63.75% 25.19%
Net Earnings / Revenue 1.11% 3.34%
Basic Earnings Per Share $0.18 $0.47
Diluted Earnings Per Share $0.18 $0.47
COMMON SHARES
Basic Shares Outstanding 58.59M shares 60.67M shares
Diluted Shares Outstanding 58.71M shares 60.78M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $173.6M $278.6M
YoY Change -37.69% 1.75%
Cash & Equivalents $173.6M $278.6M
Short-Term Investments $0.00
Other Short-Term Assets $304.8M $296.5M
YoY Change 2.82% -64.78%
Inventory $149.9M $161.8M
Prepaid Expenses
Receivables $684.9M $575.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.163B $1.150B
YoY Change 1.13% 4.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.562B $1.611B
YoY Change -3.04% 3.62%
Goodwill $452.9M $579.0M
YoY Change -21.78% 0.64%
Intangibles $534.6M $553.7M
YoY Change -3.44% -0.32%
Long-Term Investments
YoY Change
Other Assets $17.65M $18.94M
YoY Change -6.82% 30.69%
Total Long-Term Assets $2.583B $2.782B
YoY Change -7.15% 2.03%
TOTAL ASSETS
Total Short-Term Assets $1.163B $1.150B
Total Long-Term Assets $2.583B $2.782B
Total Assets $3.747B $3.932B
YoY Change -4.72% 2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $365.1M $262.6M
YoY Change 39.05% -3.85%
Accrued Expenses $241.1M $245.4M
YoY Change -1.74% 1.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $700.0K
YoY Change -100.0% -75.86%
Total Short-Term Liabilities $697.2M $606.3M
YoY Change 15.0% 0.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.395B $1.395B
YoY Change 0.0% -0.36%
Other Long-Term Liabilities $174.3M $181.7M
YoY Change -4.07% -7.25%
Total Long-Term Liabilities $1.876B $1.827B
YoY Change 2.66% 0.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $697.2M $606.3M
Total Long-Term Liabilities $1.876B $1.827B
Total Liabilities $2.573B $2.434B
YoY Change 5.73% 0.68%
SHAREHOLDERS EQUITY
Retained Earnings $571.9M $634.5M
YoY Change -9.87% 18.66%
Common Stock $778.0M $889.7M
YoY Change -12.55% -0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.173B $1.499B
YoY Change
Total Liabilities & Shareholders Equity $3.747B $3.932B
YoY Change -4.72% 2.62%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $10.40M $28.67M
YoY Change -63.75% 25.19%
Depreciation, Depletion And Amortization $67.77M $66.08M
YoY Change 2.57% -2.06%
Cash From Operating Activities $109.0M $110.3M
YoY Change -1.18% 12.55%
INVESTING ACTIVITIES
Capital Expenditures -$73.10M -$65.00M
YoY Change 12.46% -7.93%
Acquisitions
YoY Change
Other Investing Activities -$77.80M -$3.900M
YoY Change 1894.87% -360.0%
Cash From Investing Activities -$150.8M -$69.00M
YoY Change 118.55% -0.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.00M -14.60M
YoY Change 30.14% -201.39%
NET CHANGE
Cash From Operating Activities 109.0M 110.3M
Cash From Investing Activities -150.8M -69.00M
Cash From Financing Activities -19.00M -14.60M
Net Change In Cash -60.80M 26.70M
YoY Change -327.72% -38.34%
FREE CASH FLOW
Cash From Operating Activities $109.0M $110.3M
Capital Expenditures -$73.10M -$65.00M
Free Cash Flow $182.1M $175.3M
YoY Change 3.88% 3.97%

Facts In Submission

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us-gaap Depreciation Depletion And Amortization
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us-gaap Goodwill Impairment Loss
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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25816000 USD
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3068000 USD
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1837000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6146000 USD
CY2015Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
397000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
32203000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1262871000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1173436000 USD
CY2014Q4 us-gaap Supplies
Supplies
168663000 USD
CY2015Q2 us-gaap Supplies
Supplies
149861000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
38297000 USD
CY2015Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
64633000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2500000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2600000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
400000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
400000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60778000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60822000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58710000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58832000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60665000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60695000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58590000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58732000 shares

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