2015 Q1 Form 10-Q Financial Statement

#000000695515000023 Filed on April 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $301.0M $327.8M
YoY Change -8.17% 9.09%
Cost Of Revenue $191.2M $203.3M
YoY Change -5.94% 10.33%
Gross Profit $109.8M $124.4M
YoY Change -11.8% 7.12%
Gross Profit Margin 36.46% 37.97%
Selling, General & Admin $75.80M $79.20M
YoY Change -4.29% 8.05%
% of Gross Profit 69.06% 63.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.20M $15.80M
YoY Change -16.46% 8.97%
% of Gross Profit 12.03% 12.7%
Operating Expenses $81.90M $85.50M
YoY Change -4.21% 7.82%
Operating Profit -$56.45M $38.98M
YoY Change -244.81% 5.72%
Interest Expense -$7.000M -$6.300M
YoY Change 11.11% 0.0%
% of Operating Profit -16.16%
Other Income/Expense, Net $619.0K -$1.326M
YoY Change -146.68% -3683.78%
Pretax Income -$62.86M $31.39M
YoY Change -300.23% 2.43%
Income Tax $1.980M $9.089M
% Of Pretax Income 28.95%
Net Earnings -$64.84M $41.39M
YoY Change -256.64% 45.57%
Net Earnings / Revenue -21.54% 12.63%
Basic Earnings Per Share -$1.05 $0.57
Diluted Earnings Per Share -$1.05 $0.56
COMMON SHARES
Basic Shares Outstanding 61.76M shares 72.23M shares
Diluted Shares Outstanding 61.76M shares 73.77M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.50M $155.0M
YoY Change -43.55% 70.7%
Cash & Equivalents $87.50M $155.0M
Short-Term Investments
Other Short-Term Assets $58.90M $46.40M
YoY Change 26.94% -4.33%
Inventory $162.8M $165.0M
Prepaid Expenses
Receivables $204.1M $234.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $513.2M $600.4M
YoY Change -14.52% 0.84%
LONG-TERM ASSETS
Property, Plant & Equipment $153.2M $208.2M
YoY Change -26.42% 82.41%
Goodwill $616.0M $749.8M
YoY Change -17.85% -13.49%
Intangibles $324.9M $372.0M
YoY Change -12.68% -13.65%
Long-Term Investments
YoY Change
Other Assets $29.59M $28.74M
YoY Change 2.98% 71.4%
Total Long-Term Assets $1.124B $1.359B
YoY Change -17.31% -4.88%
TOTAL ASSETS
Total Short-Term Assets $513.2M $600.4M
Total Long-Term Assets $1.124B $1.359B
Total Assets $1.637B $1.959B
YoY Change -16.45% -3.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.9M $153.7M
YoY Change -17.46% -0.06%
Accrued Expenses $41.80M $45.80M
YoY Change -8.73% 1.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.750M $2.250M
YoY Change 200.0% -77.5%
Total Short-Term Liabilities $232.7M $298.3M
YoY Change -21.99% 10.26%
LONG-TERM LIABILITIES
Long-Term Debt $580.0M $387.8M
YoY Change 49.58% 0.71%
Other Long-Term Liabilities $55.80M $64.59M
YoY Change -13.61% -27.28%
Total Long-Term Liabilities $635.8M $452.3M
YoY Change 40.56% -4.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $232.7M $298.3M
Total Long-Term Liabilities $635.8M $452.3M
Total Liabilities $970.1M $750.6M
YoY Change 29.24% 0.85%
SHAREHOLDERS EQUITY
Retained Earnings $1.309B $1.266B
YoY Change 3.43% 3.24%
Common Stock $114.5M $96.26M
YoY Change 18.94% 303.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $569.1M $214.0M
YoY Change 165.94% 197.63%
Treasury Stock Shares 18.44M shares 7.000M shares
Shareholders Equity $666.7M $1.101B
YoY Change
Total Liabilities & Shareholders Equity $1.637B $1.959B
YoY Change -16.45% -3.2%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$64.84M $41.39M
YoY Change -256.64% 45.57%
Depreciation, Depletion And Amortization $13.20M $15.80M
YoY Change -16.46% 8.97%
Cash From Operating Activities $22.40M $4.000M
YoY Change 460.0% -85.71%
INVESTING ACTIVITIES
Capital Expenditures -$4.900M -$10.90M
YoY Change -55.05% 172.5%
Acquisitions
YoY Change
Other Investing Activities $500.0K $243.5M
YoY Change -99.79% -20391.67%
Cash From Investing Activities -$4.400M $232.5M
YoY Change -101.89% -4571.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.000M -191.9M
YoY Change -98.44% -8443.48%
NET CHANGE
Cash From Operating Activities 22.40M 4.000M
Cash From Investing Activities -4.400M 232.5M
Cash From Financing Activities -3.000M -191.9M
Net Change In Cash 15.00M 44.60M
YoY Change -66.37% 77.69%
FREE CASH FLOW
Cash From Operating Activities $22.40M $4.000M
Capital Expenditures -$4.900M -$10.90M
Free Cash Flow $27.30M $14.90M
YoY Change 83.22% -53.44%

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