2016 Q1 Form 10-Q Financial Statement

#000162828016015750 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $660.0M $678.8M
YoY Change -2.77% -5.3%
Cost Of Revenue $426.1M $442.0M
YoY Change -3.6% -4.47%
Gross Profit $233.9M $236.8M
YoY Change -1.22% -6.81%
Gross Profit Margin 35.44% 34.89%
Selling, General & Admin $148.8M $148.6M
YoY Change 0.13% -5.89%
% of Gross Profit 63.62% 62.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.50M $16.50M
YoY Change 0.0% -24.31%
% of Gross Profit 7.05% 6.97%
Operating Expenses $148.8M $148.6M
YoY Change 0.13% -5.89%
Operating Profit $85.50M $86.00M
YoY Change -0.58% 5.65%
Interest Expense $9.100M $9.900M
YoY Change -8.08% 1.02%
% of Operating Profit 10.64% 11.51%
Other Income/Expense, Net -$8.900M -$9.700M
YoY Change -8.25% 1.04%
Pretax Income $76.60M $76.30M
YoY Change 0.39% 6.27%
Income Tax $21.40M $24.90M
% Of Pretax Income 27.94% 32.63%
Net Earnings $55.00M $51.10M
YoY Change 7.63% 4.93%
Net Earnings / Revenue 8.33% 7.53%
Basic Earnings Per Share $0.95 $0.88
Diluted Earnings Per Share $0.93 $0.87
COMMON SHARES
Basic Shares Outstanding 58.20M shares 58.10M shares
Diluted Shares Outstanding 58.90M shares 58.90M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $354.0M $296.9M
YoY Change 19.23% 18.62%
Cash & Equivalents $436.3M $296.9M
Short-Term Investments
Other Short-Term Assets $20.40M $18.40M
YoY Change 10.87% -1.67%
Inventory $401.9M $377.6M
Prepaid Expenses
Receivables $430.2M $436.2M
Other Receivables $20.50M $20.50M
Total Short-Term Assets $1.255B $1.183B
YoY Change 6.09% 1.08%
LONG-TERM ASSETS
Property, Plant & Equipment $279.9M $281.1M
YoY Change -0.43% -7.47%
Goodwill $1.178B $1.174B
YoY Change 0.37% -5.86%
Intangibles $314.3M $341.3M
YoY Change -7.91% -14.32%
Long-Term Investments
YoY Change
Other Assets $106.1M $95.10M
YoY Change 11.57% -14.33%
Total Long-Term Assets $2.140B $2.205B
YoY Change -2.92% -7.5%
TOTAL ASSETS
Total Short-Term Assets $1.255B $1.183B
Total Long-Term Assets $2.140B $2.205B
Total Assets $3.395B $3.387B
YoY Change 0.23% -4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $199.1M $210.7M
YoY Change -5.51% -1.59%
Accrued Expenses $213.5M $228.5M
YoY Change -6.56% -2.14%
Deferred Revenue
YoY Change
Short-Term Debt $78.10M $127.5M
YoY Change -38.75% -11.34%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $575.6M $661.6M
YoY Change -13.0% -2.84%
LONG-TERM LIABILITIES
Long-Term Debt $744.8M $749.2M
YoY Change -0.59% 0.0%
Other Long-Term Liabilities $109.5M $122.4M
YoY Change -10.54% 65.27%
Total Long-Term Liabilities $854.3M $871.6M
YoY Change -1.98% 5.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $575.6M $661.6M
Total Long-Term Liabilities $854.3M $871.6M
Total Liabilities $2.170B $2.365B
YoY Change -8.24% 3.1%
SHAREHOLDERS EQUITY
Retained Earnings $1.710B $1.554B
YoY Change 10.05% 8.34%
Common Stock $72.40M $72.40M
YoY Change 0.0% -0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $488.6M $496.9M
YoY Change -1.67% 12.19%
Treasury Stock Shares 14.13M shares 14.43B shares
Shareholders Equity $1.213B $1.011B
YoY Change
Total Liabilities & Shareholders Equity $3.395B $3.387B
YoY Change 0.23% -4.67%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $55.00M $51.10M
YoY Change 7.63% 4.93%
Depreciation, Depletion And Amortization $16.50M $16.50M
YoY Change 0.0% -24.31%
Cash From Operating Activities -$18.00M -$11.60M
YoY Change 55.17% -38.62%
INVESTING ACTIVITIES
Capital Expenditures $11.00M $10.20M
YoY Change 7.84% 8.51%
Acquisitions
YoY Change
Other Investing Activities $500.0K $1.400M
YoY Change -64.29% 600.0%
Cash From Investing Activities -$10.50M -$8.800M
YoY Change 19.32% -4.35%
FINANCING ACTIVITIES
Cash Dividend Paid $19.20M $19.10M
YoY Change 0.52% 8.52%
Common Stock Issuance & Retirement, Net $0.00 $25.00M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.900M -$9.900M
YoY Change -179.8% -206.45%
NET CHANGE
Cash From Operating Activities -$18.00M -$11.60M
Cash From Investing Activities -$10.50M -$8.800M
Cash From Financing Activities $7.900M -$9.900M
Net Change In Cash -$20.60M -$30.30M
YoY Change -32.01% 61.17%
FREE CASH FLOW
Cash From Operating Activities -$18.00M -$11.60M
Capital Expenditures $11.00M $10.20M
Free Cash Flow -$29.00M -$21.80M
YoY Change 33.03% -22.97%

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