2014 Q4 Form 10-Q Financial Statement

#000114420414062565 Filed on October 23, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $624.6M $613.4M $572.0M
YoY Change 7.97% 7.24% 10.0%
Cost Of Revenue $214.6M $211.0M $196.8M
YoY Change 8.82% 7.22% 4.46%
Gross Profit $410.0M $402.4M $375.2M
YoY Change 7.53% 7.25% 13.15%
Gross Profit Margin 65.64% 65.6% 65.59%
Selling, General & Admin $195.0M $197.8M $173.4M
YoY Change 7.5% 14.07% 7.37%
% of Gross Profit 47.56% 49.16% 46.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.10M $50.20M $52.30M
YoY Change 14.0% -4.02% 29.46%
% of Gross Profit 12.71% 12.48% 13.94%
Operating Expenses $244.8M $197.8M $173.4M
YoY Change 7.75% 14.07% -13.77%
Operating Profit $165.2M $153.7M $150.0M
YoY Change 7.2% 2.47% 14.94%
Interest Expense -$16.70M $17.10M $17.50M
YoY Change -4.02% -2.29% -228.68%
% of Operating Profit -10.11% 11.13% 11.67%
Other Income/Expense, Net $3.000M $3.200M $600.0K
YoY Change -120.27% 433.33% -68.42%
Pretax Income $151.5M $139.8M $133.1M
YoY Change 24.28% 5.03% 12.04%
Income Tax $52.60M $45.40M $47.00M
% Of Pretax Income 34.72% 32.47% 35.31%
Net Earnings $98.00M $92.70M $83.50M
YoY Change 27.77% 11.02% 7.19%
Net Earnings / Revenue 15.69% 15.11% 14.6%
Basic Earnings Per Share $0.82 $0.77 $0.69
Diluted Earnings Per Share $0.80 $0.75 $0.67
COMMON SHARES
Basic Shares Outstanding 120.6M shares 121.1M shares 121.6M shares
Diluted Shares Outstanding 123.5M shares 123.9M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.3M $115.0M $131.9M
YoY Change -45.61% -12.81% -50.64%
Cash & Equivalents $128.3M $115.0M $131.9M
Short-Term Investments
Other Short-Term Assets $89.30M $66.70M $88.40M
YoY Change 30.75% -24.55% 112.5%
Inventory
Prepaid Expenses $35.70M $44.70M
Receivables $337.2M $324.0M $306.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $590.5M $550.4M $526.5M
YoY Change -8.93% 4.54% -13.08%
LONG-TERM ASSETS
Property, Plant & Equipment $300.6M $297.9M $285.7M
YoY Change 4.05% 4.27% -0.17%
Goodwill $2.607B $2.625B $2.356B
YoY Change 8.84% 11.4%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $114.0M $147.1M $160.3M
YoY Change -17.87% -8.23% 2.62%
Total Long-Term Assets $4.071B $4.157B $3.864B
YoY Change 4.6% 7.58% 28.79%
TOTAL ASSETS
Total Short-Term Assets $590.5M $550.4M $526.5M
Total Long-Term Assets $4.071B $4.157B $3.864B
Total Assets $4.661B $4.707B $4.390B
YoY Change 2.67% 7.21% 21.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.30M $35.10M $19.90M
YoY Change 2.01% 76.38% -30.42%
Accrued Expenses $85.50M $89.70M $82.60M
YoY Change -10.38% 8.6% -45.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $380.4M $408.9M $16.40M
YoY Change 28.3% 2393.29% -2.96%
Total Short-Term Liabilities $823.1M $766.1M $332.4M
YoY Change 24.24% 130.48% 2.12%
LONG-TERM LIABILITIES
Long-Term Debt $1.146B $1.146B $1.428B
YoY Change 0.02% -19.76% 50.07%
Other Long-Term Liabilities $56.30M $57.30M $54.00M
YoY Change 2.74% 6.11% -75.14%
Total Long-Term Liabilities $1.202B $1.203B $1.482B
YoY Change 0.14% -18.81% 26.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $823.1M $766.1M $332.4M
Total Long-Term Liabilities $1.202B $1.203B $1.482B
Total Liabilities $2.426B $2.336B $2.197B
YoY Change 10.35% 6.33% 25.75%
SHAREHOLDERS EQUITY
Retained Earnings $3.555B $3.487B $3.259B
YoY Change 7.42% 6.98%
Common Stock $1.438B $1.446B $1.403B
YoY Change 1.92% 3.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.352B $2.259B $2.112B
YoY Change 11.92% 6.94%
Treasury Stock Shares 69.30M shares 68.30M shares 67.20M shares
Shareholders Equity $2.200B $2.334B $2.174B
YoY Change
Total Liabilities & Shareholders Equity $4.661B $4.707B $4.390B
YoY Change 2.67% 7.21% 21.76%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $98.00M $92.70M $83.50M
YoY Change 27.77% 11.02% 7.19%
Depreciation, Depletion And Amortization $52.10M $50.20M $52.30M
YoY Change 14.0% -4.02% 29.46%
Cash From Operating Activities $202.8M $188.8M $174.3M
YoY Change 5.68% 8.32% 15.43%
INVESTING ACTIVITIES
Capital Expenditures -$22.50M -$26.20M -$25.30M
YoY Change 3.21% 3.56% 70.95%
Acquisitions
YoY Change
Other Investing Activities -$7.300M $1.100M -$34.20M
YoY Change -88.58% -103.22% 362.16%
Cash From Investing Activities -$29.80M -$25.10M -$59.50M
YoY Change -65.23% -57.82% 168.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.7M -137.2M -86.50M
YoY Change -19687.5% 58.61% 96.15%
NET CHANGE
Cash From Operating Activities 202.8M 188.8M 174.3M
Cash From Investing Activities -29.80M -25.10M -59.50M
Cash From Financing Activities -156.7M -137.2M -86.50M
Net Change In Cash 16.30M 26.50M 28.30M
YoY Change -84.77% -6.36% -66.59%
FREE CASH FLOW
Cash From Operating Activities $202.8M $188.8M $174.3M
Capital Expenditures -$22.50M -$26.20M -$25.30M
Free Cash Flow $225.3M $215.0M $199.6M
YoY Change 5.43% 7.72% 20.39%

Facts In Submission

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