2013 Q2 Form 10-Q Financial Statement

#000114420413041181 Filed on July 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $586.9M $513.3M
YoY Change 14.34% 8.87%
Cost Of Revenue $198.2M $187.2M
YoY Change 5.88% -0.79%
Gross Profit $388.7M $326.1M
YoY Change 19.2% 15.31%
Gross Profit Margin 66.23% 63.53%
Selling, General & Admin $186.5M $156.8M
YoY Change 18.94% 9.88%
% of Gross Profit 47.98% 48.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.20M $41.10M
YoY Change 7.54% 0.74%
% of Gross Profit 11.37% 12.6%
Operating Expenses $186.5M $156.8M
YoY Change 18.94% 9.88%
Operating Profit $158.1M $129.0M
YoY Change 22.56% 12.37%
Interest Expense $17.60M $13.70M
YoY Change 28.47% 0.0%
% of Operating Profit 11.13% 10.62%
Other Income/Expense, Net $3.500M $2.200M
YoY Change 59.09% -122.92%
Pretax Income $144.0M $117.5M
YoY Change 22.55% 28.7%
Income Tax $51.70M $41.00M
% Of Pretax Income 35.9% 34.89%
Net Earnings $90.50M $76.40M
YoY Change 18.46% 121.45%
Net Earnings / Revenue 15.42% 14.88%
Basic Earnings Per Share $0.75 $0.63
Diluted Earnings Per Share $0.73 $0.62
COMMON SHARES
Basic Shares Outstanding 121.0M shares 120.3M shares
Diluted Shares Outstanding 123.6M shares 122.8M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.9M $183.1M
YoY Change -42.71% 68.45%
Cash & Equivalents $104.9M $183.1M
Short-Term Investments
Other Short-Term Assets $55.30M $9.800M
YoY Change 464.29% -82.12%
Inventory
Prepaid Expenses $33.90M $30.20M
Receivables $318.5M $293.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $512.6M $517.0M
YoY Change -0.85% 18.44%
LONG-TERM ASSETS
Property, Plant & Equipment $279.3M $288.7M
YoY Change -3.26% -4.05%
Goodwill $2.248B $1.961B
YoY Change 14.63%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $160.7M $152.6M
YoY Change 5.31% -13.93%
Total Long-Term Assets $3.861B $3.004B
YoY Change 28.52% -1.6%
TOTAL ASSETS
Total Short-Term Assets $512.6M $517.0M
Total Long-Term Assets $3.861B $3.004B
Total Assets $4.374B $3.521B
YoY Change 24.21% 0.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.80M $30.20M
YoY Change -41.06% 13.11%
Accrued Expenses $83.80M $64.10M
YoY Change 30.73% -36.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $76.50M $17.00M
YoY Change 350.0% -3.41%
Total Short-Term Liabilities $375.8M $293.8M
YoY Change 27.91% -1.64%
LONG-TERM LIABILITIES
Long-Term Debt $1.429B $951.8M
YoY Change 50.15% -1.26%
Other Long-Term Liabilities $53.30M $51.00M
YoY Change 4.51% -70.28%
Total Long-Term Liabilities $1.482B $1.003B
YoY Change 47.83% -11.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $375.8M $293.8M
Total Long-Term Liabilities $1.482B $1.003B
Total Liabilities $2.254B $1.693B
YoY Change 33.1% -0.69%
SHAREHOLDERS EQUITY
Retained Earnings $3.203B $2.984B
YoY Change 7.35%
Common Stock $1.393B $1.362B
YoY Change 2.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.114B $2.144B
YoY Change -1.4%
Treasury Stock Shares 67.40M shares 68.90M shares
Shareholders Equity $2.096B $1.805B
YoY Change
Total Liabilities & Shareholders Equity $4.374B $3.521B
YoY Change 24.21% 0.91%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $90.50M $76.40M
YoY Change 18.46% 121.45%
Depreciation, Depletion And Amortization $44.20M $41.10M
YoY Change 7.54% 0.74%
Cash From Operating Activities $136.5M $149.0M
YoY Change -8.39% 20.26%
INVESTING ACTIVITIES
Capital Expenditures -$17.50M -$14.30M
YoY Change 22.38% -19.21%
Acquisitions
YoY Change
Other Investing Activities $1.400M -$1.100M
YoY Change -227.27% -144.0%
Cash From Investing Activities -$16.10M -$15.40M
YoY Change 4.55% 1.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -119.0M -75.10M
YoY Change 58.46% -12.16%
NET CHANGE
Cash From Operating Activities 136.5M 149.0M
Cash From Investing Activities -16.10M -15.40M
Cash From Financing Activities -119.0M -75.10M
Net Change In Cash 1.400M 58.50M
YoY Change -97.61% 152.16%
FREE CASH FLOW
Cash From Operating Activities $136.5M $149.0M
Capital Expenditures -$17.50M -$14.30M
Free Cash Flow $154.0M $163.3M
YoY Change -5.7% 15.32%

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Files In Submission

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