2017 Q2 Form 10-Q Financial Statement

#000162828017007888 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $702.5M $712.2M
YoY Change -1.36% 0.14%
Cost Of Revenue $444.3M $449.1M
YoY Change -1.07% -4.59%
Gross Profit $258.2M $263.1M
YoY Change -1.86% 9.4%
Gross Profit Margin 36.75% 36.94%
Selling, General & Admin $149.8M $160.5M
YoY Change -6.67% 13.27%
% of Gross Profit 58.02% 61.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.10M $17.60M
YoY Change 2.84% 1.15%
% of Gross Profit 7.01% 6.69%
Operating Expenses $149.8M $160.5M
YoY Change -6.67% 13.27%
Operating Profit $105.8M $102.6M
YoY Change 3.12% 13.75%
Interest Expense $9.000M $9.200M
YoY Change -2.17% -3.16%
% of Operating Profit 8.51% 8.97%
Other Income/Expense, Net -$6.100M -$9.000M
YoY Change -32.22% 4.65%
Pretax Income $99.70M $93.60M
YoY Change 6.52% 14.85%
Income Tax $30.40M $25.20M
% Of Pretax Income 30.49% 26.92%
Net Earnings $69.20M $68.20M
YoY Change 1.47% 22.22%
Net Earnings / Revenue 9.85% 9.58%
Basic Earnings Per Share $1.16 $1.17
Diluted Earnings Per Share $1.14 $1.15
COMMON SHARES
Basic Shares Outstanding 59.50M shares 58.30M shares
Diluted Shares Outstanding 60.50M shares 59.20M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $509.3M $408.9M
YoY Change 24.55% 25.31%
Cash & Equivalents $572.2M $408.9M
Short-Term Investments
Other Short-Term Assets $20.90M $21.00M
YoY Change -0.48% 4.48%
Inventory $367.7M $389.4M
Prepaid Expenses
Receivables $436.4M $435.2M
Other Receivables $18.00M $20.50M
Total Short-Term Assets $1.352B $1.309B
YoY Change 3.35% 6.87%
LONG-TERM ASSETS
Property, Plant & Equipment $287.1M $281.7M
YoY Change 1.92% -0.49%
Goodwill $1.197B $1.177B
YoY Change 1.67% -0.55%
Intangibles $293.1M $309.2M
YoY Change -5.21% -7.98%
Long-Term Investments
YoY Change
Other Assets $97.50M $109.2M
YoY Change -10.71% 8.12%
Total Long-Term Assets $2.182B $2.124B
YoY Change 2.71% -3.62%
TOTAL ASSETS
Total Short-Term Assets $1.352B $1.309B
Total Long-Term Assets $2.182B $2.124B
Total Assets $3.534B $3.432B
YoY Change 2.95% 0.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.2M $205.9M
YoY Change 1.6% -2.83%
Accrued Expenses $200.2M $215.3M
YoY Change -7.01% -5.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.9M
YoY Change -100.0% -17.77%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $487.2M $601.6M
YoY Change -19.02% -8.26%
LONG-TERM LIABILITIES
Long-Term Debt $745.7M $745.0M
YoY Change 0.09% -0.56%
Other Long-Term Liabilities $103.2M $102.4M
YoY Change 0.78% -15.44%
Total Long-Term Liabilities $848.9M $847.4M
YoY Change 0.18% -2.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $487.2M $601.6M
Total Long-Term Liabilities $848.9M $847.4M
Total Liabilities $2.203B $2.163B
YoY Change 1.85% -7.43%
SHAREHOLDERS EQUITY
Retained Earnings $1.813B $1.759B
YoY Change 3.06% 10.61%
Common Stock $72.40M $72.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $434.1M $484.8M
YoY Change -10.46% -2.36%
Treasury Stock Shares 12.86M shares 14.04M shares
Shareholders Equity $1.319B $1.258B
YoY Change
Total Liabilities & Shareholders Equity $3.534B $3.432B
YoY Change 2.95% 0.13%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $69.20M $68.20M
YoY Change 1.47% 22.22%
Depreciation, Depletion And Amortization $18.10M $17.60M
YoY Change 2.84% 1.15%
Cash From Operating Activities $66.90M $69.80M
YoY Change -4.15% 20.97%
INVESTING ACTIVITIES
Capital Expenditures -$11.20M -$15.60M
YoY Change -28.21% 57.58%
Acquisitions
YoY Change
Other Investing Activities -$54.10M $200.0K
YoY Change -27150.0% -60.0%
Cash From Investing Activities -$65.30M -$15.40M
YoY Change 324.03% 63.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.70M 7.100M
YoY Change -307.04% -128.74%
NET CHANGE
Cash From Operating Activities 66.90M 69.80M
Cash From Investing Activities -65.30M -15.40M
Cash From Financing Activities -14.70M 7.100M
Net Change In Cash -13.10M 61.50M
YoY Change -121.3% 160.59%
FREE CASH FLOW
Cash From Operating Activities $66.90M $69.80M
Capital Expenditures -$11.20M -$15.60M
Free Cash Flow $78.10M $85.40M
YoY Change -8.55% 26.33%

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