2015 Q4 Form 10-Q Financial Statement

#000102919915000105 Filed on November 02, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $470.6M $481.4M $453.4M
YoY Change 1.87% 6.16% 25.75%
Cost Of Revenue $290.1M $282.3M $274.8M
YoY Change 0.14% 2.73% 22.93%
Gross Profit $180.5M $199.1M $178.6M
YoY Change 4.76% 11.45% 30.34%
Gross Profit Margin 38.36% 41.35% 39.39%
Selling, General & Admin $107.0M $43.72M $43.97M
YoY Change 2.79% -0.56% 32.22%
% of Gross Profit 59.28% 21.96% 24.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.20M $18.00M $19.30M
YoY Change -2.67% -6.74% 29.53%
% of Gross Profit 10.08% 9.04% 10.81%
Operating Expenses $125.3M $43.72M $43.97M
YoY Change 2.12% -0.56% 32.22%
Operating Profit $55.22M $70.27M $50.73M
YoY Change 11.59% 38.52% -8.33%
Interest Expense -$13.20M $6.690M $3.046M
YoY Change 175.0% 119.63% 3.68%
% of Operating Profit -23.9% 9.52% 6.0%
Other Income/Expense, Net $0.00 -$22.23M -$2.993M
YoY Change 642.87% -190.78%
Pretax Income $42.10M $48.04M $47.74M
YoY Change -1.86% 0.63% -18.59%
Income Tax $8.500M $16.72M $12.83M
% Of Pretax Income 20.19% 34.8% 26.88%
Net Earnings $33.49M $31.33M $35.04M
YoY Change 11.3% -10.57% -26.81%
Net Earnings / Revenue 7.12% 6.51% 7.73%
Basic Earnings Per Share $0.63 $0.60 $0.67
Diluted Earnings Per Share $0.61 $0.57 $0.64
COMMON SHARES
Basic Shares Outstanding 52.81M shares 52.62M shares 52.51M shares
Diluted Shares Outstanding 54.54M shares 54.62M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $457.5M $528.8M $451.2M
YoY Change -2.24% 17.2% 84.54%
Cash & Equivalents $457.5M $528.8M $451.2M
Short-Term Investments
Other Short-Term Assets $178.0M $171.6M $163.1M
YoY Change 0.74% 5.21% 34.46%
Inventory $72.11M $56.39M $68.76M
Prepaid Expenses
Receivables $423.3M $330.1M $321.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.131B $1.087B $1.004B
YoY Change 2.27% 8.22% 34.82%
LONG-TERM ASSETS
Property, Plant & Equipment $157.4M $149.5M $123.4M
YoY Change 25.59% 21.2% 10.26%
Goodwill $685.2M $686.4M $619.3M
YoY Change 14.22% 10.83% 21.24%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $51.19M $68.96M $48.79M
YoY Change 4.26% 41.36% -1.37%
Total Long-Term Assets $1.062B $1.079B $961.6M
YoY Change 13.85% 12.19% 24.97%
TOTAL ASSETS
Total Short-Term Assets $1.131B $1.087B $1.004B
Total Long-Term Assets $1.062B $1.079B $961.6M
Total Assets $2.193B $2.166B $1.966B
YoY Change 7.57% 10.16% 29.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $456.2M $388.3M $385.6M
YoY Change 2.29% 0.7% 17.99%
Accrued Expenses $125.4M $120.9M $188.3M
YoY Change 29.09% -35.82% -23.76%
Deferred Revenue
YoY Change
Short-Term Debt $5.731M $6.441M $4.737M
YoY Change -5.04% 35.97% 360.35%
Long-Term Debt Due $12.06M $12.30M $9.423M
YoY Change 8.1% 30.56% 4.36%
Total Short-Term Liabilities $903.9M $850.6M $813.2M
YoY Change 6.49% 4.61% 29.91%
LONG-TERM LIABILITIES
Long-Term Debt $405.5M $449.3M $364.9M
YoY Change 2.07% 23.13% 55.11%
Other Long-Term Liabilities $19.31M $20.07M $17.92M
YoY Change 5.0% 12.01% 11.28%
Total Long-Term Liabilities $424.8M $469.4M $382.8M
YoY Change 2.2% 22.61% 52.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $903.9M $850.6M $813.2M
Total Long-Term Liabilities $424.8M $469.4M $382.8M
Total Liabilities $1.367B $1.368B $1.236B
YoY Change 4.68% 10.71% 37.16%
SHAREHOLDERS EQUITY
Retained Earnings $104.4M $70.94M -$24.47M
YoY Change 1758.46% -389.93% -76.92%
Common Stock $1.024B $1.016B $886.3M
YoY Change 7.06% 14.68% 10.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $138.8M $138.2M $69.13M
YoY Change 3.71% 99.9% 1.34%
Treasury Stock Shares 4.929M shares 4.929M shares 3.669M shares
Shareholders Equity $824.6M $796.1M $728.2M
YoY Change
Total Liabilities & Shareholders Equity $2.193B $2.166B $1.966B
YoY Change 7.57% 10.16% 29.81%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $33.49M $31.33M $35.04M
YoY Change 11.3% -10.57% -26.81%
Depreciation, Depletion And Amortization $18.20M $18.00M $19.30M
YoY Change -2.67% -6.74% 29.53%
Cash From Operating Activities -$16.40M $74.60M $121.5M
YoY Change -257.69% -38.6% 22.23%
INVESTING ACTIVITIES
Capital Expenditures -$19.30M -$20.90M -$16.40M
YoY Change -17.17% 27.44% 80.22%
Acquisitions
YoY Change
Other Investing Activities -$1.600M -$86.00M -$2.700M
YoY Change -133.33% 3085.19% -193.1%
Cash From Investing Activities -$20.90M -$106.9M -$19.00M
YoY Change 12.37% 462.63% 206.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.50M 31.10M -30.30M
YoY Change -183.33% -202.64% -29.53%
NET CHANGE
Cash From Operating Activities -16.40M 74.60M 121.5M
Cash From Investing Activities -20.90M -106.9M -19.00M
Cash From Financing Activities -32.50M 31.10M -30.30M
Net Change In Cash -69.80M -1.200M 72.20M
YoY Change -326.62% -101.66% 43.82%
FREE CASH FLOW
Cash From Operating Activities -$16.40M $74.60M $121.5M
Capital Expenditures -$19.30M -$20.90M -$16.40M
Free Cash Flow $2.900M $95.50M $137.9M
YoY Change -91.39% -30.75% 27.1%

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