2017 Q4 Form 10-Q Financial Statement

#000003318517000032 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $838.5M $834.8M $801.1M
YoY Change 4.67% 3.82% 20.23%
Cost Of Revenue $318.8M $297.3M $286.3M
YoY Change 11.35% 3.23% 27.24%
Gross Profit $519.6M $537.5M $514.8M
YoY Change 0.93% 4.15% 16.66%
Gross Profit Margin 61.97% 64.39% 64.26%
Selling, General & Admin $255.2M $310.4M $234.3M
YoY Change 8.92% 32.99% 8.72%
% of Gross Profit 49.11% 57.75% 45.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.20M $73.20M $73.30M
YoY Change 1.23% 3.54% 47.78%
% of Gross Profit 14.28% 13.62% 14.24%
Operating Expenses $328.8M $310.4M $305.2M
YoY Change 7.73% 32.99% 15.43%
Operating Profit $192.6M $154.7M $203.9M
YoY Change -5.54% -27.06% 15.26%
Interest Expense -$22.70M $21.40M -$24.10M
YoY Change -5.81% -11.93% 53.5%
% of Operating Profit -11.79% 13.83% -11.82%
Other Income/Expense, Net $4.200M $2.700M $2.800M
YoY Change 50.0% 12.5% -56.92%
Pretax Income $172.3M $136.0M $182.6M
YoY Change -5.64% -28.5% 8.88%
Income Tax $46.10M $35.50M $57.80M
% Of Pretax Income 26.76% 26.1% 31.65%
Net Earnings $172.3M $96.30M $123.0M
YoY Change 40.08% -27.48% 9.92%
Net Earnings / Revenue 20.55% 11.54% 15.35%
Basic Earnings Per Share $1.44 $0.80 $1.03
Diluted Earnings Per Share $1.42 $0.79 $1.01
COMMON SHARES
Basic Shares Outstanding 120.1M shares 120.1M shares 119.8M shares
Diluted Shares Outstanding 121.4M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $336.4M $315.4M $129.3M
YoY Change 160.17% 182.87% 38.59%
Cash & Equivalents $336.4M $315.4M $129.3M
Short-Term Investments
Other Short-Term Assets $122.9M $48.70M $50.10M
YoY Change 145.31% -1.62% -36.74%
Inventory
Prepaid Expenses $94.30M $76.90M $60.20M
Receivables $444.8M $458.3M $433.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $998.4M $899.3M $672.9M
YoY Change 48.37% 35.89% 19.82%
LONG-TERM ASSETS
Property, Plant & Equipment $567.0M $528.7M $466.9M
YoY Change 21.44% 19.26% 27.29%
Goodwill $4.184B $4.178B $3.974B
YoY Change 5.28% 2.63% 54.58%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $142.0M $137.5M $131.3M
YoY Change 8.15% 6.84% 65.16%
Total Long-Term Assets $6.235B $6.216B $5.991B
YoY Change 4.07% 1.17% 52.06%
TOTAL ASSETS
Total Short-Term Assets $998.4M $899.3M $672.9M
Total Long-Term Assets $6.235B $6.216B $5.991B
Total Assets $7.233B $7.116B $6.664B
YoY Change 8.54% 4.54% 48.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.3M $82.50M $81.00M
YoY Change 36.17% 79.35% 99.51%
Accrued Expenses $160.9M $135.7M $149.3M
YoY Change 7.77% -0.66% 32.48%
Deferred Revenue $108.4M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $965.3M $667.8M $585.4M
YoY Change 64.9% -5.5% 1087.42%
Total Short-Term Liabilities $1.674B $1.336B $1.260B
YoY Change 32.86% 2.97% 108.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.739B $2.039B $2.087B
YoY Change -16.67% -4.57% 83.31%
Other Long-Term Liabilities $101.0M $95.90M $86.50M
YoY Change 16.76% 11.77% 51.75%
Total Long-Term Liabilities $1.840B $2.135B $2.173B
YoY Change -15.34% -3.94% 81.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.674B $1.336B $1.260B
Total Long-Term Liabilities $1.840B $2.135B $2.173B
Total Liabilities $3.994B $3.950B $3.943B
YoY Change 1.31% -1.72% 83.29%
SHAREHOLDERS EQUITY
Retained Earnings $4.601B $4.425B $4.153B
YoY Change 10.77% 8.4% 8.31%
Common Stock $1.569B $1.572B $1.550B
YoY Change 1.25% 1.99% 3.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.578B $2.578B $2.506B
YoY Change 2.87% 2.82% -0.96%
Treasury Stock Shares 68.60M shares 68.70M shares 68.80M shares
Shareholders Equity $3.174B $3.100B $2.663B
YoY Change
Total Liabilities & Shareholders Equity $7.233B $7.116B $6.664B
YoY Change 8.54% 4.54% 48.04%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income $172.3M $96.30M $123.0M
YoY Change 40.08% -27.48% 9.92%
Depreciation, Depletion And Amortization $74.20M $73.20M $73.30M
YoY Change 1.23% 3.54% 47.78%
Cash From Operating Activities $207.3M $279.6M $278.8M
YoY Change -25.65% 5.63% 20.02%
INVESTING ACTIVITIES
Capital Expenditures -$60.70M -$57.60M -$42.50M
YoY Change 42.82% 19.5% -19.2%
Acquisitions
YoY Change
Other Investing Activities -$62.60M -$67.70M $800.0K
YoY Change -7925.0% 4.8%
Cash From Investing Activities -$123.3M -$125.3M -$41.70M
YoY Change 195.68% 11.08% -20.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.90M -247.1M -212.4M
YoY Change -71.33% 69.83% 12.98%
NET CHANGE
Cash From Operating Activities 207.3M 279.6M 278.8M
Cash From Investing Activities -123.3M -125.3M -41.70M
Cash From Financing Activities -60.90M -247.1M -212.4M
Net Change In Cash 23.10M -92.80M 24.70M
YoY Change -6.48% -1550.0% -397.59%
FREE CASH FLOW
Cash From Operating Activities $207.3M $279.6M $278.8M
Capital Expenditures -$60.70M -$57.60M -$42.50M
Free Cash Flow $268.0M $337.2M $321.3M
YoY Change -16.59% 7.77% 12.78%

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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120100000 shares

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