$COMM
CommScope Holding Company, Inc.

2015 Q1 Form 10-Q Financial Statement

#000119312515157237 Filed on April 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $825.4M $935.0M
YoY Change -11.73% 16.2%
Cost Of Revenue $532.2M $597.3M
YoY Change -10.9% 10.69%
Gross Profit $293.2M $337.7M
YoY Change -13.18% 27.4%
Gross Profit Margin 35.52% 36.12%
Selling, General & Admin $125.7M $113.0M
YoY Change 11.19% 3.71%
% of Gross Profit 42.86% 33.47%
Research & Development $27.74M $31.87M
YoY Change -12.97% 6.41%
% of Gross Profit 9.46% 9.44%
Depreciation & Amortization $11.60M $11.70M
YoY Change -0.85% -14.6%
% of Gross Profit 3.96% 3.46%
Operating Expenses $153.4M $144.9M
YoY Change 5.87% 4.29%
Operating Profit $93.14M $146.5M
YoY Change -36.44% 94.28%
Interest Expense $36.33M $42.28M
YoY Change -14.08% -7.66%
% of Operating Profit 39.0% 28.85%
Other Income/Expense, Net $2.627M -$3.195M
YoY Change -182.22% -7.15%
Pretax Income $60.47M $102.2M
YoY Change -40.81% 279.75%
Income Tax $20.99M $37.68M
% Of Pretax Income 34.71% 36.88%
Net Earnings $39.48M $64.49M
YoY Change -38.78% 305.58%
Net Earnings / Revenue 4.78% 6.9%
Basic Earnings Per Share $0.21 $0.35
Diluted Earnings Per Share $0.20 $0.34
COMMON SHARES
Basic Shares Outstanding 188.5M shares 185.9M shares
Diluted Shares Outstanding 193.1M shares 190.9M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $735.0M $305.0M
YoY Change 140.98%
Cash & Equivalents $735.1M $305.2M
Short-Term Investments
Other Short-Term Assets $110.0M $116.0M
YoY Change -5.17%
Inventory $353.1M $410.8M
Prepaid Expenses
Receivables $689.6M $715.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.888B $1.547B
YoY Change 22.04%
LONG-TERM ASSETS
Property, Plant & Equipment $282.2M $303.4M
YoY Change -6.96%
Goodwill $1.450B $1.446B
YoY Change 0.28%
Intangibles $1.215B $1.378B
YoY Change -11.84%
Long-Term Investments $41.00M $2.500M
YoY Change 1540.0%
Other Assets $123.6M $100.0M
YoY Change 23.59%
Total Long-Term Assets $3.070B $3.227B
YoY Change -4.85%
TOTAL ASSETS
Total Short-Term Assets $1.888B $1.547B
Total Long-Term Assets $3.070B $3.227B
Total Assets $4.958B $4.774B
YoY Change 3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $234.0M $296.6M
YoY Change -21.09%
Accrued Expenses $236.4M $272.2M
YoY Change -13.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.000M $9.000M
YoY Change 0.0%
Total Short-Term Liabilities $479.4M $577.9M
YoY Change -17.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.697B $2.504B
YoY Change 7.73%
Other Long-Term Liabilities $101.1M $102.4M
YoY Change -1.26%
Total Long-Term Liabilities $2.798B $2.606B
YoY Change 7.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $479.4M $577.9M
Total Long-Term Liabilities $2.798B $2.606B
Total Liabilities $3.619B $3.615B
YoY Change 0.1%
SHAREHOLDERS EQUITY
Retained Earnings -$702.0M -$913.8M
YoY Change -23.17%
Common Stock $1.904M $1.872M
YoY Change 1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.64M $10.64M
YoY Change 0.0%
Treasury Stock Shares 961.6K shares 961.6K shares
Shareholders Equity $1.339B $1.159B
YoY Change
Total Liabilities & Shareholders Equity $4.958B $4.774B
YoY Change 3.86%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $39.48M $64.49M
YoY Change -38.78% 305.58%
Depreciation, Depletion And Amortization $11.60M $11.70M
YoY Change -0.85% -14.6%
Cash From Operating Activities $1.200M -$35.50M
YoY Change -103.38% -66.76%
INVESTING ACTIVITIES
Capital Expenditures $8.213M $6.675M
YoY Change 23.04% 2.19%
Acquisitions
YoY Change
Other Investing Activities -$2.633M -$46.00K
YoY Change 5623.91% -98.01%
Cash From Investing Activities -$5.500M -$5.400M
YoY Change 1.85% -48.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.199M $17.56M
YoY Change -87.48% -74.87%
Cash From Financing Activities 20.20M 900.0K
YoY Change 2144.44% -99.53%
NET CHANGE
Cash From Operating Activities 1.200M -35.50M
Cash From Investing Activities -5.500M -5.400M
Cash From Financing Activities 20.20M 900.0K
Net Change In Cash 15.90M -40.00M
YoY Change -139.75% -154.57%
FREE CASH FLOW
Cash From Operating Activities $1.200M -$35.50M
Capital Expenditures $8.213M $6.675M
Free Cash Flow -$7.013M -$42.18M
YoY Change -83.37% -62.79%

Facts In Submission

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P10Y
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
CommScope Holding Company, Inc.
CY2015Q1 dei Trading Symbol
TradingSymbol
COMM
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.347 pure
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4657000 shares
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1240000
CY2015Q1 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
These product warranties extend over periods ranging from one to twenty-five years from the date of sale, depending upon the product subject to the warranty.
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193137000 shares
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001517228
CY2015Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60467000
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1300000 shares
CY2015Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188480000 shares
CY2015Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1542000
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-29488000
CY2015Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34075000
CY2015Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
2697000
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2989000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
93140000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5412000
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2199000
CY2015Q1 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-103000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-34064000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
10414000
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
825400000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
-1587000
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1134000
CY2015Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5792000
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2633000
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2627000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8213000
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
929000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
39476000
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1029000
CY2015Q1 us-gaap Interest Paid
InterestPaid
7272000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
95317000
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13623000
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-10178000
CY2015Q1 us-gaap Interest Expense
InterestExpense
36329000
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27736000
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
125671000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
10414000
CY2015Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3230000
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
44786000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5821000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20991000
CY2015Q1 us-gaap Cost Of Revenue
CostOfRevenue
532196000
CY2015Q1 us-gaap Depreciation
Depreciation
11600000
CY2015Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-2100000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
20214000
CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
125000
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1300000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5455000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
732260000
CY2015Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
59454000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12682000
CY2015Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11999000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5253000
CY2015Q1 comm Restructuring Charges Net
RestructuringChargesNet
1871000

Files In Submission

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0001193125-15-157237-index-headers.html Edgar Link pending
0001193125-15-157237-index.html Edgar Link pending
0001193125-15-157237.txt Edgar Link pending
0001193125-15-157237-xbrl.zip Edgar Link pending
comm-20150331.xml Edgar Link completed
comm-20150331.xsd Edgar Link pending
comm-20150331_cal.xml Edgar Link unprocessable
comm-20150331_def.xml Edgar Link unprocessable
comm-20150331_lab.xml Edgar Link unprocessable
comm-20150331_pre.xml Edgar Link unprocessable
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