2014 Form 10-K Financial Statement
#000104746915000691 Filed on February 10, 2015
Income Statement
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| Revenue | $3.204B | $2.943B | $2.851B |
| YoY Change | 8.87% | 3.22% | 14.4% |
| Cost Of Revenue | $2.385B | $2.197B | $2.084B |
| YoY Change | 8.51% | 5.43% | 9.22% |
| Gross Profit | $819.5M | $745.6M | $767.0M |
| YoY Change | 9.91% | -2.79% | 13.28% |
| Gross Profit Margin | 25.58% | 25.33% | 26.9% |
| Selling, General & Admin | $379.0M | $353.7M | $356.6M |
| YoY Change | 7.15% | -0.81% | 19.34% |
| % of Gross Profit | 46.25% | 47.44% | 46.49% |
| Research & Development | $33.80M | $29.30M | $26.10M |
| YoY Change | 15.36% | 12.26% | 20.28% |
| % of Gross Profit | 4.12% | 3.93% | 3.4% |
| Depreciation & Amortization | $104.0M | $113.9M | $104.9M |
| YoY Change | -8.69% | 8.58% | 19.2% |
| % of Gross Profit | 12.69% | 15.28% | 13.68% |
| Operating Expenses | $411.2M | $378.8M | $395.1M |
| YoY Change | 8.55% | -4.13% | -1.72% |
| Operating Profit | $408.3M | $366.8M | $371.9M |
| YoY Change | 11.31% | -1.37% | 39.81% |
| Interest Expense | -$32.20M | -$33.80M | -$25.50M |
| YoY Change | -4.73% | 32.55% | 21.43% |
| % of Operating Profit | -7.89% | -9.21% | -6.86% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $376.1M | $291.9M | $311.8M |
| YoY Change | 28.85% | -6.38% | 41.73% |
| Income Tax | $124.4M | $97.80M | $117.7M |
| % Of Pretax Income | 33.08% | 33.5% | 37.75% |
| Net Earnings | $251.3M | $209.7M | $270.2M |
| YoY Change | 19.84% | -22.39% | 49.86% |
| Net Earnings / Revenue | 7.84% | 7.13% | 9.48% |
| Basic Earnings Per Share | $3.89 | $3.29 | $4.30 |
| Diluted Earnings Per Share | $3.82 | $3.22 | $4.22 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 63.47M shares | 62.51M shares | |
| Diluted Shares Outstanding | 64.81M shares | 63.61M shares |
Balance Sheet
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $730.8M | $754.5M | $112.5M |
| YoY Change | -3.14% | 570.67% | 50.6% |
| Cash & Equivalents | $730.8M | $754.5M | $112.5M |
| Short-Term Investments | |||
| Other Short-Term Assets | $102.4M | $82.10M | $359.4M |
| YoY Change | 24.73% | -77.16% | 215.26% |
| Inventory | $339.1M | $298.8M | $325.0M |
| Prepaid Expenses | |||
| Receivables | $439.2M | $399.6M | $408.4M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $1.612B | $1.535B | $1.205B |
| YoY Change | 4.98% | 27.35% | -0.72% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $547.3M | $497.2M | $465.2M |
| YoY Change | 10.08% | 6.88% | -16.97% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $23.70M | $22.30M | $313.2M |
| YoY Change | 6.28% | -92.88% | 701.02% |
| Total Long-Term Assets | $2.147B | $1.958B | $2.252B |
| YoY Change | 9.66% | -13.06% | 17.06% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.612B | $1.535B | $1.205B |
| Total Long-Term Assets | $2.147B | $1.958B | $2.252B |
| Total Assets | $3.759B | $3.493B | $3.457B |
| YoY Change | 7.61% | 1.03% | 10.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $198.0M | $187.0M | $205.9M |
| YoY Change | 5.88% | -9.18% | -21.05% |
| Accrued Expenses | $176.3M | $172.0M | $172.6M |
| YoY Change | 2.5% | -0.35% | 6.74% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $392.2M | $376.4M | $470.6M |
| YoY Change | 4.2% | -20.02% | -21.16% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $749.8M | $751.0M | $752.3M |
| YoY Change | -0.16% | -0.17% | 24.49% |
| Other Long-Term Liabilities | $216.3M | $201.9M | $247.6M |
| YoY Change | 7.13% | -18.46% | 35.45% |
| Total Long-Term Liabilities | $966.1M | $952.9M | $999.9M |
| YoY Change | 1.39% | -4.7% | 27.04% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $392.2M | $376.4M | $470.6M |
| Total Long-Term Liabilities | $966.1M | $952.9M | $999.9M |
| Total Liabilities | $1.554B | $1.507B | $1.669B |
| YoY Change | 3.11% | -9.72% | 1.92% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.205B | $1.986B | $1.788B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.759B | $3.493B | $3.457B |
| YoY Change | 7.61% | 1.03% | 10.18% |
Cashflow Statement
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $251.3M | $209.7M | $270.2M |
| YoY Change | 19.84% | -22.39% | 49.86% |
| Depreciation, Depletion And Amortization | $104.0M | $113.9M | $104.9M |
| YoY Change | -8.69% | 8.58% | 19.2% |
| Cash From Operating Activities | $295.9M | $414.7M | $485.9M |
| YoY Change | -28.65% | -14.65% | 154.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$118.8M | $110.8M | $140.4M |
| YoY Change | -207.22% | -21.08% | 76.38% |
| Acquisitions | $314.3M | ||
| YoY Change | -20.01% | ||
| Other Investing Activities | -$179.0M | $380.9M | -$288.1M |
| YoY Change | -146.99% | -232.21% | 143950.0% |
| Cash From Investing Activities | -$297.8M | $270.1M | -$428.5M |
| YoY Change | -210.26% | -163.03% | -7.55% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $1.500M | ||
| YoY Change | |||
| Cash From Financing Activities | -20.20M | -$41.50M | -$20.60M |
| YoY Change | -51.33% | 101.46% | -108.03% |
| NET CHANGE | |||
| Cash From Operating Activities | 295.9M | $414.7M | $485.9M |
| Cash From Investing Activities | -297.8M | $270.1M | -$428.5M |
| Cash From Financing Activities | -20.20M | -$41.50M | -$20.60M |
| Net Change In Cash | -22.10M | $643.3M | $36.80M |
| YoY Change | -103.44% | 1648.1% | -331.45% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $295.9M | $414.7M | $485.9M |
| Capital Expenditures | -$118.8M | $110.8M | $140.4M |
| Free Cash Flow | $414.7M | $303.9M | $345.5M |
| YoY Change | 36.46% | -12.04% | 209.59% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.30 | |
| CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.29 | |
| CY2014 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.89 | |
| CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.22 | |
| CY2013 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.22 | |
| CY2014 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.82 | |
| CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.66 | |
| CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.65 | |
| CY2013 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.39 | |
| CY2012 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
56300000 | |
| CY2013 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
38000000 | |
| CY2014Q4 | us-gaap |
Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
|
15700000 | |
| CY2013 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.40 | |
| CY2014 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.01 | |
| CY2014 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
59100000 |
