2016 Q4 Form 10-Q Financial Statement

#000002841216000290 Filed on November 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $484.0M $480.0M $448.0M
YoY Change 5.91% 7.14% 2.75%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.00M $32.00M $30.00M
YoY Change 7.14% 6.67% -3.23%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $29.00M $30.00M $26.00M
YoY Change 20.83% 15.38% 18.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $226.0M $213.0M $199.0M
YoY Change 43.95% 7.04% -12.33%
Income Tax $62.00M $64.00M $63.00M
% Of Pretax Income 27.43% 30.05% 31.66%
Net Earnings $164.0M $149.0M $136.0M
YoY Change 41.38% 9.56% -11.69%
Net Earnings / Revenue 33.88% 31.04% 30.36%
Basic Earnings Per Share $0.95 $0.87 $0.76
Diluted Earnings Per Share $0.92 $0.84 $0.74
COMMON SHARES
Basic Shares Outstanding 172.3M shares 171.0M shares 176.0M shares
Diluted Shares Outstanding 176.0M shares 181.0M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.218B $8.040B $7.200B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $501.0M $528.0M $541.0M
YoY Change -8.91% -2.4% 3.24%
Goodwill $635.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $72.98B $74.12B $71.01B
YoY Change 1.53% 4.38% 3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.012B $1.234B $1.413B
YoY Change -26.83% -12.67% 41.02%
Deferred Revenue
YoY Change
Short-Term Debt $25.00M $12.00M $109.0M
YoY Change 8.7% -88.99% -46.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.012B $1.234B $1.413B
YoY Change -26.83% -12.67% 41.02%
LONG-TERM LIABILITIES
Long-Term Debt $2.360B $3.090B $3.100B
YoY Change -22.83% -0.32% 16.15%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.360B $3.090B $3.100B
YoY Change -22.83% -0.32% 16.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.012B $1.234B $1.413B
Total Long-Term Liabilities $2.360B $3.090B $3.100B
Total Liabilities $65.18B $66.40B $63.39B
YoY Change 1.34% 4.74% 3.15%
SHAREHOLDERS EQUITY
Retained Earnings $7.331B $7.262B $7.007B
YoY Change 3.49% 3.64% 5.67%
Common Stock $3.276B $3.315B $3.306B
YoY Change -1.15% 0.27% -0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.428B $2.558B $2.346B
YoY Change 0.79% 9.04% 6.39%
Treasury Stock Shares 52.85M shares 56.10M shares 51.01M shares
Shareholders Equity $7.796B $7.727B $7.622B
YoY Change
Total Liabilities & Shareholders Equity $72.98B $74.12B $71.01B
YoY Change 1.53% 4.38% 3.08%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $164.0M $149.0M $136.0M
YoY Change 41.38% 9.56% -11.69%
Depreciation, Depletion And Amortization $30.00M $32.00M $30.00M
YoY Change 7.14% 6.67% -3.23%
Cash From Operating Activities $89.00M $153.0M $269.0M
YoY Change -55.28% -43.12% 22.83%
INVESTING ACTIVITIES
Capital Expenditures -$24.00M -$17.00M -$24.00M
YoY Change -41.46% -29.17% 242.86%
Acquisitions
YoY Change
Other Investing Activities $77.00M $1.090B $425.0M
YoY Change -103.51% 156.47% 115.74%
Cash From Investing Activities $53.00M $1.073B $401.0M
YoY Change -102.37% 167.58% 111.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -964.0M 2.704B 565.0M
YoY Change -198.37% 378.58% -83.78%
NET CHANGE
Cash From Operating Activities 89.00M 153.0M 269.0M
Cash From Investing Activities 53.00M 1.073B 401.0M
Cash From Financing Activities -964.0M 2.704B 565.0M
Net Change In Cash -822.0M 3.930B 1.235B
YoY Change -21.94% 218.22% -68.28%
FREE CASH FLOW
Cash From Operating Activities $89.00M $153.0M $269.0M
Capital Expenditures -$24.00M -$17.00M -$24.00M
Free Cash Flow $113.0M $170.0M $293.0M
YoY Change -52.92% -41.98% 29.65%

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us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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us-gaap Profit Loss
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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14000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
13000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7402000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7622000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7560000000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7727000000 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
17000000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
19000000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
9000000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
21000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
52457113 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
56096416 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2409000000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2558000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
175000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
211000000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
8000000 USD
CY2016Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
7000000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
5000000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
7000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8000000 USD
us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
0 USD
us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
0 USD
CY2016Q3 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Liabilities
VariableInterestEntityNonconsolidatedCarryingAmountLiabilities
150000000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
173000000 shares

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