2015 Q1 Form 10-Q Financial Statement

#000162828015003928 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $678.8M $716.8M
YoY Change -5.3% 14.22%
Cost Of Revenue $442.0M $462.7M
YoY Change -4.47% 12.9%
Gross Profit $236.8M $254.1M
YoY Change -6.81% 16.69%
Gross Profit Margin 34.89% 35.45%
Selling, General & Admin $148.6M $157.9M
YoY Change -5.89% 20.67%
% of Gross Profit 62.75% 62.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.50M $21.80M
YoY Change -24.31% 71.52%
% of Gross Profit 6.97% 8.58%
Operating Expenses $148.6M $157.9M
YoY Change -5.89% 20.67%
Operating Profit $86.00M $81.40M
YoY Change 5.65% -6.33%
Interest Expense $9.900M $9.800M
YoY Change 1.02% 45.88%
% of Operating Profit 11.51% 12.04%
Other Income/Expense, Net -$9.700M -$9.600M
YoY Change 1.04% 54.69%
Pretax Income $76.30M $71.80M
YoY Change 6.27% -11.02%
Income Tax $24.90M $22.90M
% Of Pretax Income 32.63% 31.89%
Net Earnings $51.10M $48.70M
YoY Change 4.93% -15.73%
Net Earnings / Revenue 7.53% 6.79%
Basic Earnings Per Share $0.88 $0.83
Diluted Earnings Per Share $0.87 $0.82
COMMON SHARES
Basic Shares Outstanding 58.10M shares 58.50M shares
Diluted Shares Outstanding 58.90M shares 59.50M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $296.9M $250.3M
YoY Change 18.62% -34.92%
Cash & Equivalents $296.9M $250.3M
Short-Term Investments
Other Short-Term Assets $18.40M $18.71M
YoY Change -1.67% 16.38%
Inventory $377.6M $389.3M
Prepaid Expenses
Receivables $436.2M $457.2M
Other Receivables $20.50M $22.80M
Total Short-Term Assets $1.183B $1.170B
YoY Change 1.08% -1.27%
LONG-TERM ASSETS
Property, Plant & Equipment $281.1M $303.8M
YoY Change -7.47% 16.7%
Goodwill $1.174B $1.247B
YoY Change -5.86% 55.13%
Intangibles $341.3M $398.3M
YoY Change -14.32% 235.97%
Long-Term Investments
YoY Change
Other Assets $95.10M $111.0M
YoY Change -14.33% 31.85%
Total Long-Term Assets $2.205B $2.383B
YoY Change -7.5% 43.14%
TOTAL ASSETS
Total Short-Term Assets $1.183B $1.170B
Total Long-Term Assets $2.205B $2.383B
Total Assets $3.387B $3.553B
YoY Change -4.67% 24.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $210.7M $214.1M
YoY Change -1.59% 22.92%
Accrued Expenses $228.5M $233.5M
YoY Change -2.14% 30.81%
Deferred Revenue
YoY Change
Short-Term Debt $127.5M $143.8M
YoY Change -11.34% 12659.89%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $661.6M $681.0M
YoY Change -2.84% 48.47%
LONG-TERM LIABILITIES
Long-Term Debt $749.2M $749.2M
YoY Change 0.0% 87.7%
Other Long-Term Liabilities $122.4M $74.06M
YoY Change 65.27% -2.24%
Total Long-Term Liabilities $871.6M $823.2M
YoY Change 5.87% 73.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $661.6M $681.0M
Total Long-Term Liabilities $871.6M $823.2M
Total Liabilities $2.365B $2.294B
YoY Change 3.1% 22.22%
SHAREHOLDERS EQUITY
Retained Earnings $1.554B $1.434B
YoY Change 8.34% 10.96%
Common Stock $72.40M $72.43M
YoY Change -0.04% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $496.9M $442.9M
YoY Change 12.19% -4.37%
Treasury Stock Shares 14.43B shares 13.61B shares
Shareholders Equity $1.011B $1.249B
YoY Change
Total Liabilities & Shareholders Equity $3.387B $3.553B
YoY Change -4.67% 24.67%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $51.10M $48.70M
YoY Change 4.93% -15.73%
Depreciation, Depletion And Amortization $16.50M $21.80M
YoY Change -24.31% 71.52%
Cash From Operating Activities -$11.60M -$18.90M
YoY Change -38.62% -7.37%
INVESTING ACTIVITIES
Capital Expenditures $10.20M $9.400M
YoY Change 8.51% 71.75%
Acquisitions
YoY Change
Other Investing Activities $1.400M $200.0K
YoY Change 600.0% 0.0%
Cash From Investing Activities -$8.800M -$9.200M
YoY Change -4.35% 74.34%
FINANCING ACTIVITIES
Cash Dividend Paid $19.10M $17.60M
YoY Change 8.52% 9.02%
Common Stock Issuance & Retirement, Net $25.00M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.900M $9.300M
YoY Change -206.45% -428.97%
NET CHANGE
Cash From Operating Activities -$11.60M -$18.90M
Cash From Investing Activities -$8.800M -$9.200M
Cash From Financing Activities -$9.900M $9.300M
Net Change In Cash -$30.30M -$18.80M
YoY Change 61.17% -34.05%
FREE CASH FLOW
Cash From Operating Activities -$11.60M -$18.90M
Capital Expenditures $10.20M $9.400M
Free Cash Flow -$21.80M -$28.30M
YoY Change -22.97% 9.37%

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