2015 Q4 Form 10-Q Financial Statement

#000003318515000028 Filed on October 22, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $666.3M $667.4M $613.4M
YoY Change 6.68% 8.8% 7.24%
Cost Of Revenue $225.0M $226.5M $211.0M
YoY Change 4.85% 7.35% 7.22%
Gross Profit $441.3M $440.9M $402.4M
YoY Change 7.63% 9.57% 7.25%
Gross Profit Margin 66.23% 66.06% 65.6%
Selling, General & Admin $215.5M $217.2M $197.8M
YoY Change 10.51% 9.81% 14.07%
% of Gross Profit 48.83% 49.26% 49.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.60M $49.60M $50.20M
YoY Change -4.8% -1.2% -4.02%
% of Gross Profit 11.24% 11.25% 12.48%
Operating Expenses $264.4M $217.2M $197.8M
YoY Change 8.01% 9.81% 14.07%
Operating Profit $176.9M $174.3M $153.7M
YoY Change 7.08% 13.4% 2.47%
Interest Expense -$15.70M $15.80M $17.10M
YoY Change -5.99% -7.6% -2.29%
% of Operating Profit -8.88% 9.06% 11.13%
Other Income/Expense, Net $6.500M $14.40M $3.200M
YoY Change 116.67% 350.0% 433.33%
Pretax Income $167.7M $172.9M $139.8M
YoY Change 10.69% 23.68% 5.03%
Income Tax $54.70M $53.20M $45.40M
% Of Pretax Income 32.62% 30.77% 32.47%
Net Earnings $111.9M $117.9M $92.70M
YoY Change 14.18% 27.18% 11.02%
Net Earnings / Revenue 16.79% 17.67% 15.11%
Basic Earnings Per Share $0.94 $1.00 $0.77
Diluted Earnings Per Share $0.93 $0.98 $0.75
COMMON SHARES
Basic Shares Outstanding 118.5M shares 118.4M shares 121.1M shares
Diluted Shares Outstanding 120.6M shares 123.5M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.30M $108.5M $115.0M
YoY Change -27.28% -5.65% -12.81%
Cash & Equivalents $93.30M $108.5M $115.0M
Short-Term Investments
Other Short-Term Assets $79.20M $69.00M $66.70M
YoY Change -11.31% 3.45% -24.55%
Inventory
Prepaid Expenses $39.30M $46.90M $44.70M
Receivables $349.8M $357.7M $324.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $561.6M $582.1M $550.4M
YoY Change -4.89% 5.76% 4.54%
LONG-TERM ASSETS
Property, Plant & Equipment $366.8M $339.0M $297.9M
YoY Change 22.02% 13.8% 4.27%
Goodwill $2.571B $2.581B $2.625B
YoY Change -1.37% -1.66% 11.4%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $79.50M $84.80M $147.1M
YoY Change -30.26% -42.35% -8.23%
Total Long-Term Assets $3.940B $3.959B $4.157B
YoY Change -3.21% -4.75% 7.58%
TOTAL ASSETS
Total Short-Term Assets $561.6M $582.1M $550.4M
Total Long-Term Assets $3.940B $3.959B $4.157B
Total Assets $4.502B $4.541B $4.707B
YoY Change -3.42% -3.52% 7.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.60M $43.40M $35.10M
YoY Change 100.0% 23.65% 76.38%
Accrued Expenses $112.7M $116.5M $89.70M
YoY Change 31.81% 29.88% 8.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $49.30M $186.8M $408.9M
YoY Change -87.04% -54.32% 2393.29%
Total Short-Term Liabilities $603.8M $690.7M $766.1M
YoY Change -26.64% -9.84% 130.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.138B $1.146B $1.146B
YoY Change -0.64% 0.02% -19.76%
Other Long-Term Liabilities $57.00M $52.30M $57.30M
YoY Change 1.24% -8.73% 6.11%
Total Long-Term Liabilities $1.195B $1.198B $1.203B
YoY Change -0.55% -0.4% -18.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $603.8M $690.7M $766.1M
Total Long-Term Liabilities $1.195B $1.198B $1.203B
Total Liabilities $2.151B $2.274B $2.336B
YoY Change -11.35% -2.66% 6.33%
SHAREHOLDERS EQUITY
Retained Earnings $3.834B $3.759B $3.487B
YoY Change 7.87% 7.79% 6.98%
Common Stock $1.497B $1.489B $1.446B
YoY Change 4.09% 3.02% 3.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.530B $2.537B $2.259B
YoY Change 7.58% 12.31% 6.94%
Treasury Stock Shares 70.00M shares 70.40M shares 68.30M shares
Shareholders Equity $2.311B $2.228B $2.334B
YoY Change
Total Liabilities & Shareholders Equity $4.502B $4.541B $4.707B
YoY Change -3.42% -3.52% 7.21%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $111.9M $117.9M $92.70M
YoY Change 14.18% 27.18% 11.02%
Depreciation, Depletion And Amortization $49.60M $49.60M $50.20M
YoY Change -4.8% -1.2% -4.02%
Cash From Operating Activities $232.3M $247.2M $188.8M
YoY Change 14.55% 30.93% 8.32%
INVESTING ACTIVITIES
Capital Expenditures -$52.60M -$38.40M -$26.20M
YoY Change 133.78% 46.56% 3.56%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.900M $1.100M
YoY Change -100.0% 163.64% -103.22%
Cash From Investing Activities -$52.60M -$35.50M -$25.10M
YoY Change 76.51% 41.43% -57.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -188.0M -182.9M -137.2M
YoY Change 19.97% 33.31% 58.61%
NET CHANGE
Cash From Operating Activities 232.3M 247.2M 188.8M
Cash From Investing Activities -52.60M -35.50M -25.10M
Cash From Financing Activities -188.0M -182.9M -137.2M
Net Change In Cash -8.300M 28.80M 26.50M
YoY Change -150.92% 8.68% -6.36%
FREE CASH FLOW
Cash From Operating Activities $232.3M $247.2M $188.8M
Capital Expenditures -$52.60M -$38.40M -$26.20M
Free Cash Flow $284.9M $285.6M $215.0M
YoY Change 26.45% 32.84% 7.72%

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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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13000000 USD
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165100000 USD
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CY2015Q3 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
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600000 USD
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2900000 USD
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132300000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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29700000 USD
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26000000 USD
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94400000 USD
us-gaap Profit Loss
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275200000 USD
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119700000 USD
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321800000 USD
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us-gaap Repayments Of Long Term Debt
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0 USD
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5600000 USD
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121000000 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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