2016 Q2 Form 10-Q Financial Statement

#000003318516000053 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $811.3M $678.1M
YoY Change 19.64% 10.46%
Cost Of Revenue $285.8M $220.8M
YoY Change 29.44% 4.0%
Gross Profit $525.5M $457.3M
YoY Change 14.91% 13.87%
Gross Profit Margin 64.77% 67.44%
Selling, General & Admin $231.6M $218.7M
YoY Change 5.9% 19.18%
% of Gross Profit 44.07% 47.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.90M $50.50M
YoY Change 34.46% -0.98%
% of Gross Profit 12.92% 11.04%
Operating Expenses $231.6M $218.7M
YoY Change 5.9% 19.18%
Operating Profit $225.7M $188.5M
YoY Change 19.73% 12.6%
Interest Expense $23.60M $16.20M
YoY Change 45.68% -6.9%
% of Operating Profit 10.46% 8.59%
Other Income/Expense, Net -$800.0K -$13.90M
YoY Change -94.24% -2880.0%
Pretax Income $201.3M $158.4M
YoY Change 27.08% 5.25%
Income Tax $68.30M $45.90M
% Of Pretax Income 33.93% 28.98%
Net Earnings $130.9M $111.0M
YoY Change 17.93% 19.61%
Net Earnings / Revenue 16.13% 16.37%
Basic Earnings Per Share $1.10 $0.94
Diluted Earnings Per Share $1.08 $0.92
COMMON SHARES
Basic Shares Outstanding 119.2M shares 118.6M shares
Diluted Shares Outstanding 121.1M shares 120.9M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.80M $84.20M
YoY Change 14.96% -8.18%
Cash & Equivalents $96.80M $84.20M
Short-Term Investments
Other Short-Term Assets $56.50M $92.60M
YoY Change -38.98% 25.3%
Inventory
Prepaid Expenses $55.90M $46.20M
Receivables $418.0M $368.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $627.2M $591.2M
YoY Change 6.09% 6.68%
LONG-TERM ASSETS
Property, Plant & Equipment $418.2M $315.6M
YoY Change 32.51% 7.97%
Goodwill $3.972B $2.600B
YoY Change 52.73% -1.72%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $124.0M $87.80M
YoY Change 41.23% -40.56%
Total Long-Term Assets $6.014B $3.994B
YoY Change 50.55% -5.17%
TOTAL ASSETS
Total Short-Term Assets $627.2M $591.2M
Total Long-Term Assets $6.014B $3.994B
Total Assets $6.641B $4.586B
YoY Change 44.82% -3.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.40M $35.80M
YoY Change 21.23% -12.47%
Accrued Expenses $129.9M $111.5M
YoY Change 16.5% 13.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $447.5M $335.1M
YoY Change 33.54% -18.23%
Total Short-Term Liabilities $961.9M $784.5M
YoY Change 22.61% 3.25%
LONG-TERM LIABILITIES
Long-Term Debt $2.499B $1.146B
YoY Change 118.07% 0.02%
Other Long-Term Liabilities $87.70M $54.10M
YoY Change 62.11% -4.42%
Total Long-Term Liabilities $2.586B $1.200B
YoY Change 115.55% -0.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $961.9M $784.5M
Total Long-Term Liabilities $2.586B $1.200B
Total Liabilities $4.057B $2.379B
YoY Change 70.56% 2.31%
SHAREHOLDERS EQUITY
Retained Earnings $3.988B $3.676B
YoY Change 8.49% 7.35%
Common Stock $1.525B $1.477B
YoY Change 3.27% 2.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.518B $2.531B
YoY Change -0.51% 17.72%
Treasury Stock Shares 69.40M shares 70.50M shares
Shareholders Equity $2.542B $2.168B
YoY Change
Total Liabilities & Shareholders Equity $6.641B $4.586B
YoY Change 44.82% -3.79%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $130.9M $111.0M
YoY Change 17.93% 19.61%
Depreciation, Depletion And Amortization $67.90M $50.50M
YoY Change 34.46% -0.98%
Cash From Operating Activities $171.4M $186.7M
YoY Change -8.19% 22.19%
INVESTING ACTIVITIES
Capital Expenditures -$42.60M -$33.60M
YoY Change 26.79% 75.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$42.60M -$33.60M
YoY Change 26.79% 70.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -128.2M -164.5M
YoY Change -22.07% 13.92%
NET CHANGE
Cash From Operating Activities 171.4M 186.7M
Cash From Investing Activities -42.60M -33.60M
Cash From Financing Activities -128.2M -164.5M
Net Change In Cash 600.0K -11.40M
YoY Change -105.26% 0.88%
FREE CASH FLOW
Cash From Operating Activities $171.4M $186.7M
Capital Expenditures -$42.60M -$33.60M
Free Cash Flow $214.0M $220.3M
YoY Change -2.86% 28.08%

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