2016 Q3 Form 10-Q Financial Statement

#000072325416000065 Filed on October 11, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $1.267B $1.171B
YoY Change 8.21% 6.21%
Cost Of Revenue $690.2M $674.7M
YoY Change 2.3% 8.11%
Gross Profit $576.4M $516.9M
YoY Change 11.52% 8.15%
Gross Profit Margin 45.51% 44.16%
Selling, General & Admin $369.7M $338.6M
YoY Change 9.17% 7.69%
% of Gross Profit 64.14% 65.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.68M $36.17M
YoY Change 9.72% 2.02%
% of Gross Profit 6.88% 7.0%
Operating Expenses $369.7M $338.6M
YoY Change 9.17% 7.69%
Operating Profit $203.9M $185.5M
YoY Change 9.93% 13.47%
Interest Expense $14.17M $16.41M
YoY Change -13.65% -1.03%
% of Operating Profit 6.95% 8.85%
Other Income/Expense, Net
YoY Change
Pretax Income $189.8M $169.2M
YoY Change 12.18% 0.31%
Income Tax $53.62M $63.02M
% Of Pretax Income 28.25% 37.24%
Net Earnings $138.1M $100.2M
YoY Change 37.84% -9.02%
Net Earnings / Revenue 10.9% 8.56%
Basic Earnings Per Share $1.29 $0.89
Diluted Earnings Per Share $1.26 $0.88
COMMON SHARES
Basic Shares Outstanding 104.5M shares 110.6M shares
Diluted Shares Outstanding 107.1M shares 112.2M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $163.8M $200.2M
YoY Change -18.18% -65.57%
Cash & Equivalents $99.21M $146.9M
Short-Term Investments $64.60M $53.40M
Other Short-Term Assets $582.4M $762.6M
YoY Change -23.63% 10.12%
Inventory $262.2M $240.0M
Prepaid Expenses
Receivables $586.4M $531.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.595B $1.734B
YoY Change -8.03% -13.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.033B $896.8M
YoY Change 15.21% 6.95%
Goodwill $1.298B $1.273B
YoY Change 2.03% 6.94%
Intangibles
YoY Change
Long-Term Investments $14.70M $14.60M
YoY Change 0.68% -5.81%
Other Assets $15.19M $20.91M
YoY Change -27.33% 11.34%
Total Long-Term Assets $2.572B $2.383B
YoY Change 7.97% -6.32%
TOTAL ASSETS
Total Short-Term Assets $1.595B $1.734B
Total Long-Term Assets $2.572B $2.383B
Total Assets $4.167B $4.116B
YoY Change 1.23% -9.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.7M $132.0M
YoY Change -1.75% -6.94%
Accrued Expenses $313.9M $294.8M
YoY Change 6.46% 0.79%
Deferred Revenue
YoY Change
Short-Term Debt $163.8M $0.00
YoY Change
Long-Term Debt Due $163.8M $250.0M
YoY Change -34.48%
Total Short-Term Liabilities $710.9M $959.3M
YoY Change -25.9% 50.83%
LONG-TERM LIABILITIES
Long-Term Debt $1.045B $1.050B
YoY Change -0.51% -19.23%
Other Long-Term Liabilities $168.9M $116.2M
YoY Change 45.35% 9.83%
Total Long-Term Liabilities $1.469B $1.315B
YoY Change 11.71% -20.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $710.9M $959.3M
Total Long-Term Liabilities $1.469B $1.315B
Total Liabilities $2.180B $2.274B
YoY Change -4.16% -0.44%
SHAREHOLDERS EQUITY
Retained Earnings $4.971B $4.328B
YoY Change 14.85% 5.33%
Common Stock $161.9M $535.6M
YoY Change -69.76% 27.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.572B $2.995B
YoY Change 19.28% 31.2%
Treasury Stock Shares 75.58M shares 69.00M shares
Shareholders Equity $1.987B $1.849B
YoY Change
Total Liabilities & Shareholders Equity $4.167B $4.123B
YoY Change 1.07% -9.51%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $138.1M $100.2M
YoY Change 37.84% -9.02%
Depreciation, Depletion And Amortization $39.68M $36.17M
YoY Change 9.72% 2.02%
Cash From Operating Activities $157.6M $143.1M
YoY Change 10.14% -3.45%
INVESTING ACTIVITIES
Capital Expenditures $78.58M $62.63M
YoY Change 25.47% -7.96%
Acquisitions $10.99M $121.4M
YoY Change -90.95% 5116.24%
Other Investing Activities $918.0K -$921.0K
YoY Change -199.67% 5656.25%
Cash From Investing Activities -$100.6M -$201.9M
YoY Change -50.16% 420.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $18.87M $221.6M
YoY Change -91.48% 260.68%
Debt Paid & Issued, Net $250.0M $16.00K
YoY Change 1562400.0% -91.11%
Cash From Financing Activities -$97.03M -$209.7M
YoY Change -53.73% 409.03%
NET CHANGE
Cash From Operating Activities $157.6M $143.1M
Cash From Investing Activities -$100.6M -$201.9M
Cash From Financing Activities -$97.03M -$209.7M
Net Change In Cash -$40.05M -$268.5M
YoY Change -85.09% -493.69%
FREE CASH FLOW
Cash From Operating Activities $157.6M $143.1M
Capital Expenditures $78.58M $62.63M
Free Cash Flow $79.01M $80.45M
YoY Change -1.79% 0.38%

Facts In Submission

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115000 USD
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24395000 USD
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0 USD
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163800000 USD
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0 USD
CY2016Q3 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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11844000 USD
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16282000 USD
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51000 USD
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385000 USD
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16000 USD
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250000000 USD
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4970647000 USD
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23917000 USD
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250000000 USD
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CY2016Q3 us-gaap Short Term Borrowings
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163800000 USD
CY2016Q2 us-gaap Stockholders Equity
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1987402000 USD
CY2016Q2 us-gaap Treasury Stock Shares
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3553276000 USD
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3572146000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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200000 USD
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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107114000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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110597000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104483000 shares

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