2016 Q4 Form 10-Q Financial Statement

#000072325417000002 Filed on January 06, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q2 2015 Q4
Revenue $1.271B $1.244B $1.191B
YoY Change 6.71% 8.84% 6.03%
Cost Of Revenue $705.9M $636.5M $691.7M
YoY Change 2.05% 10.29% 7.74%
Gross Profit $565.2M $546.4M $520.2M
YoY Change 8.65% 12.27% 8.06%
Gross Profit Margin 44.47% 43.94% 43.67%
Selling, General & Admin $361.4M $335.1M $327.1M
YoY Change 10.51% 14.25% 9.07%
% of Gross Profit 63.94% 61.33% 62.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.90M $42.70M $41.10M
YoY Change 6.81% 9.49% 6.48%
% of Gross Profit 7.77% 7.82% 7.9%
Operating Expenses $361.4M $335.1M $327.1M
YoY Change 10.51% 14.25% 9.07%
Operating Profit $200.5M $211.3M $200.3M
YoY Change 0.05% 9.26% 10.33%
Interest Expense $13.27M -$15.40M $16.17M
YoY Change -17.96% -2.53% 1.52%
% of Operating Profit 6.62% -7.29% 8.07%
Other Income/Expense, Net
YoY Change
Pretax Income $187.2M $174.7M $184.3M
YoY Change 1.59% 17.17% 11.24%
Income Tax $65.27M $65.00M $68.84M
% Of Pretax Income 34.86% 37.21% 37.35%
Net Earnings $140.4M $130.9M $345.1M
YoY Change -59.32% 24.43% 186.6%
Net Earnings / Revenue 11.04% 10.53% 28.97%
Basic Earnings Per Share $1.32 $3.11
Diluted Earnings Per Share $1.29 $1.212M $3.06
COMMON SHARES
Basic Shares Outstanding 105.0M shares 106.1M shares 108.3M shares
Diluted Shares Outstanding 107.6M shares 110.1M shares

Balance Sheet

Concept 2016 Q4 2016 Q2 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.6M $209.8M $672.6M
YoY Change -78.65% -51.57% -18.64%
Cash & Equivalents $143.6M $139.4M $606.8M
Short-Term Investments $0.00 $70.40M $65.80M
Other Short-Term Assets $585.1M $583.2M $570.0M
YoY Change 2.65% 0.67% -0.58%
Inventory $263.3M $249.4M $251.5M
Prepaid Expenses
Receivables $607.5M $546.5M $549.2M
Other Receivables $1.200M $1.700M $0.00
Total Short-Term Assets $1.601B $1.591B $2.043B
YoY Change -21.66% -8.37% -4.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.067B $993.7M $916.5M
YoY Change 16.44% 14.03% 8.45%
Goodwill $1.301B $1.276B $1.274B
YoY Change 2.18% 8.13% 7.08%
Intangibles
YoY Change
Long-Term Investments $15.10M $14.50M $15.50M
YoY Change -2.58% -93.58% -96.61%
Other Assets $19.27M $14.28M $20.64M
YoY Change -6.68% -18.35% 10.69%
Total Long-Term Assets $2.614B $2.508B $2.401B
YoY Change 8.85% 2.38% -5.89%
TOTAL ASSETS
Total Short-Term Assets $1.601B $1.591B $2.043B
Total Long-Term Assets $2.614B $2.508B $2.401B
Total Assets $4.215B $4.099B $4.445B
YoY Change -5.18% -2.08% -5.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.8M $110.9M $134.8M
YoY Change -5.21% 1.22% -21.43%
Accrued Expenses $469.1M $343.3M $443.7M
YoY Change 5.72% 10.75% -11.76%
Deferred Revenue
YoY Change
Short-Term Debt $66.00M $250.0M $0.00
YoY Change
Long-Term Debt Due $66.00M $250.0M $250.0M
YoY Change -73.6%
Total Short-Term Liabilities $748.8M $815.6M $1.131B
YoY Change -33.8% 60.33% 32.78%
LONG-TERM LIABILITIES
Long-Term Debt $1.045B $1.044B $1.050B
YoY Change -0.49% -19.66% -19.23%
Other Long-Term Liabilities $130.2M $136.7M $117.8M
YoY Change 10.53% 22.05% 8.17%
Total Long-Term Liabilities $1.440B $1.441B $1.395B
YoY Change 3.21% -17.74% -15.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $748.8M $815.6M $1.131B
Total Long-Term Liabilities $1.440B $1.441B $1.395B
Total Liabilities $2.189B $2.256B $2.526B
YoY Change -13.36% -0.17% 1.28%
SHAREHOLDERS EQUITY
Retained Earnings $4.968B $4.806B $4.557B
YoY Change 9.02% 13.68% 13.15%
Common Stock $178.7M $614.9M $560.4M
YoY Change -68.12% 26.42% 26.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.573B $3.553B $3.175B
YoY Change 12.51% 28.13% 38.98%
Treasury Stock Shares 75.58M shares 75.39M shares 71.11M shares
Shareholders Equity $2.026B $1.843B $1.925B
YoY Change
Total Liabilities & Shareholders Equity $4.215B $4.099B $4.451B
YoY Change -5.31% -2.23% -5.25%

Cashflow Statement

Concept 2016 Q4 2016 Q2 2015 Q4
OPERATING ACTIVITIES
Net Income $140.4M $130.9M $345.1M
YoY Change -59.32% 24.43% 186.6%
Depreciation, Depletion And Amortization $43.90M $42.70M $41.10M
YoY Change 6.81% 9.49% 6.48%
Cash From Operating Activities $144.1M $168.6M $121.9M
YoY Change 18.21% -16.82% -15.58%
INVESTING ACTIVITIES
Capital Expenditures -$76.60M -$67.90M -$59.20M
YoY Change 29.39% 24.13% 31.85%
Acquisitions
YoY Change
Other Investing Activities $85.10M -$5.500M $574.3M
YoY Change -85.18% -103.85% 282.87%
Cash From Investing Activities $8.600M -$73.40M $515.2M
YoY Change -98.33% -183.31% 390.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -106.1M -272.4M -174.5M
YoY Change -39.2% 18.13% -11733.33%
NET CHANGE
Cash From Operating Activities 144.1M 168.6M 121.9M
Cash From Investing Activities 8.600M -73.40M 515.2M
Cash From Financing Activities -106.1M -272.4M -174.5M
Net Change In Cash 46.60M -177.2M 462.6M
YoY Change -89.93% -394.35% 84.38%
FREE CASH FLOW
Cash From Operating Activities $144.1M $168.6M $121.9M
Capital Expenditures -$76.60M -$67.90M -$59.20M
Free Cash Flow $220.7M $236.5M $181.1M
YoY Change 21.87% -8.12% -4.33%

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