2015 Q4 Form 10-Q Financial Statement

#000162828015008375 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $680.6M $669.9M $730.7M
YoY Change -6.86% -7.9% 7.23%
Cost Of Revenue $441.7M $431.7M $481.7M
YoY Change -8.3% -9.36% 5.96%
Gross Profit $238.9M $238.2M $249.0M
YoY Change -4.06% -5.14% 9.76%
Gross Profit Margin 35.1% 35.56% 34.08%
Selling, General & Admin $134.8M $141.4M $143.7M
YoY Change -6.19% -2.08% 0.0%
% of Gross Profit 56.43% 59.36% 57.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.10M $16.00M $17.80M
YoY Change -3.93% -11.6% 7.23%
% of Gross Profit 7.16% 6.72% 7.15%
Operating Expenses $134.8M $141.4M $143.8M
YoY Change -6.26% -2.08% 0.07%
Operating Profit $103.5M $93.20M $89.60M
YoY Change 15.51% 95.39% 7.79%
Interest Expense -$8.600M $9.100M -$9.500M
YoY Change -9.47% -5.21% 75.93%
% of Operating Profit -8.31% 9.76% -10.6%
Other Income/Expense, Net -$500.0K -$8.900M $3.800M
YoY Change -113.16% 1.14% 31.03%
Pretax Income $94.40M $84.30M $83.80M
YoY Change 12.65% 116.71% 3.97%
Income Tax $28.80M $27.10M $27.30M
% Of Pretax Income 30.51% 32.15% 32.58%
Net Earnings $65.10M $56.90M $56.21M
YoY Change 15.81% 102.49% 13.09%
Net Earnings / Revenue 9.57% 8.49% 7.69%
Basic Earnings Per Share $1.12 $0.98 $0.96
Diluted Earnings Per Share $1.10 $0.97 $0.95
COMMON SHARES
Basic Shares Outstanding 58.06M shares 58.10M shares 58.92M shares
Diluted Shares Outstanding 58.80M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $363.5M $335.2M $346.3M
YoY Change 4.97% 11.1% 27.97%
Cash & Equivalents $363.5M $335.2M $363.5M
Short-Term Investments
Other Short-Term Assets $17.50M $19.30M $14.80M
YoY Change 18.24% 9.72% -15.85%
Inventory $376.9M $401.6M $369.7M
Prepaid Expenses
Receivables $397.6M $430.1M $410.9M
Other Receivables $20.50M $20.50M $20.50M
Total Short-Term Assets $1.204B $1.240B $1.195B
YoY Change 0.69% 1.16% 4.01%
LONG-TERM ASSETS
Property, Plant & Equipment $276.0M $280.1M $290.3M
YoY Change -4.93% -4.97% -4.84%
Goodwill $1.168B $1.176B $1.191B
YoY Change -1.96% -3.93% -4.64%
Intangibles $317.1M $327.0M $353.5M
YoY Change -10.3% -11.99% -13.55%
Long-Term Investments
YoY Change
Other Assets $101.3M $99.80M $97.50M
YoY Change 3.9% -23.31% -13.15%
Total Long-Term Assets $2.133B $2.162B $2.250B
YoY Change -5.19% -7.11% -6.65%
TOTAL ASSETS
Total Short-Term Assets $1.204B $1.240B $1.195B
Total Long-Term Assets $2.133B $2.162B $2.250B
Total Assets $3.337B $3.403B $3.446B
YoY Change -3.15% -4.26% -3.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $223.3M $221.0M $228.8M
YoY Change -2.4% -1.69% -0.45%
Accrued Expenses $218.6M $242.5M $225.8M
YoY Change -3.19% 9.86% 1.19%
Deferred Revenue
YoY Change
Short-Term Debt $49.60M $97.70M $100.8M
YoY Change -50.79% -14.91% -19.89%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $572.8M $652.3M $640.0M
YoY Change -10.5% -0.85% -4.32%
LONG-TERM LIABILITIES
Long-Term Debt $744.6M $749.2M $749.2M
YoY Change -0.61% 0.0% 0.0%
Other Long-Term Liabilities $112.8M $117.3M $131.9M
YoY Change -14.48% -12.04% 47.94%
Total Long-Term Liabilities $857.4M $866.5M $881.1M
YoY Change -2.69% -1.82% 5.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $572.8M $652.3M $640.0M
Total Long-Term Liabilities $857.4M $866.5M $881.1M
Total Liabilities $2.186B $2.292B $2.380B
YoY Change -8.15% 0.44% 1.5%
SHAREHOLDERS EQUITY
Retained Earnings $1.674B $1.628B $1.522B
YoY Change 10.0% 9.66% 8.47%
Common Stock $72.40M $72.40M $72.40M
YoY Change 0.0% -0.04% -0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $494.2M $495.9M $485.1M
YoY Change 1.88% 14.08% 7.51%
Treasury Stock Shares 14.32M shares 14.37M shares 14.30M shares
Shareholders Equity $1.139B $1.099B $1.060B
YoY Change
Total Liabilities & Shareholders Equity $3.337B $3.403B $3.451B
YoY Change -3.3% -4.26% -3.06%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income $65.10M $56.90M $56.21M
YoY Change 15.81% 102.49% 13.09%
Depreciation, Depletion And Amortization $17.10M $16.00M $17.80M
YoY Change -3.93% -11.6% 7.23%
Cash From Operating Activities $113.6M $69.60M $150.6M
YoY Change -24.57% 2.2% 1.48%
INVESTING ACTIVITIES
Capital Expenditures -$11.40M -$8.100M -$11.50M
YoY Change -0.87% -29.57% 9.52%
Acquisitions
YoY Change
Other Investing Activities $2.600M -$100.0K $4.700M
YoY Change -44.68% -102.5% -100.59%
Cash From Investing Activities -$8.800M -$8.200M -$6.900M
YoY Change 27.54% 7.89% -99.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.50M -43.70M -83.90M
YoY Change -21.93% -23.47% -115.85%
NET CHANGE
Cash From Operating Activities 113.6M 69.60M 150.6M
Cash From Investing Activities -8.800M -8.200M -6.900M
Cash From Financing Activities -65.50M -43.70M -83.90M
Net Change In Cash 39.30M 17.70M 59.80M
YoY Change -34.28% 420.59% -146.87%
FREE CASH FLOW
Cash From Operating Activities $113.6M $69.60M $150.6M
Capital Expenditures -$11.40M -$8.100M -$11.50M
Free Cash Flow $125.0M $77.70M $162.1M
YoY Change -22.89% -2.39% 2.01%

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