2014 Q2 Form 10-Q Financial Statement

#000110465914053274 Filed on July 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $526.2M $473.1M
YoY Change 11.22% 58.36%
Cost Of Revenue $83.60M $63.60M
YoY Change 31.45% 2.25%
Gross Profit $442.6M $409.5M
YoY Change 8.08% 48.58%
Gross Profit Margin 84.12% 86.56%
Selling, General & Admin $63.28M $54.82M
YoY Change 15.43% 31.22%
% of Gross Profit 14.3% 13.39%
Research & Development $7.500M $6.100M
YoY Change 22.95% 221.05%
% of Gross Profit 1.69% 1.49%
Depreciation & Amortization $157.2M $162.5M
YoY Change -3.23% 40.45%
% of Gross Profit 35.52% 39.68%
Operating Expenses $63.28M $54.82M
YoY Change 15.43% 31.22%
Operating Profit $224.8M $162.0M
YoY Change 38.76% 128.73%
Interest Expense $31.87M $37.38M
YoY Change -14.74% -192.08%
% of Operating Profit 14.18% 23.08%
Other Income/Expense, Net $2.600M $2.000M
YoY Change 30.0% -61.54%
Pretax Income $195.5M $136.0M
YoY Change 43.71% 195.55%
Income Tax $59.09M $38.08M
% Of Pretax Income 30.23% 27.99%
Net Earnings $110.9M $94.12M
YoY Change 17.85% 199.3%
Net Earnings / Revenue 21.08% 19.89%
Basic Earnings Per Share $0.73 $0.58
Diluted Earnings Per Share $0.73 $0.57
COMMON SHARES
Basic Shares Outstanding 151.7M shares 150.5M shares
Diluted Shares Outstanding 152.6M shares 151.4M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.274B $17.00M
YoY Change 7394.12% -96.7%
Cash & Equivalents $1.274B $16.70M
Short-Term Investments
Other Short-Term Assets $441.0M $269.0M
YoY Change 63.94% -47.77%
Inventory $13.00M $55.00M
Prepaid Expenses
Receivables $235.3M $237.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.964B $577.4M
YoY Change 240.17% -52.44%
LONG-TERM ASSETS
Property, Plant & Equipment $9.348B $8.201B
YoY Change 13.98% 13.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $129.7M
YoY Change -100.0% -1.75%
Other Assets $74.22M $36.22M
YoY Change 104.94% -75.19%
Total Long-Term Assets $9.422B $8.477B
YoY Change 11.15% 12.51%
TOTAL ASSETS
Total Short-Term Assets $1.964B $577.4M
Total Long-Term Assets $9.422B $8.477B
Total Assets $11.39B $9.054B
YoY Change 25.75% 3.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $381.3M $271.0M
YoY Change 40.68% 34.17%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $330.0M $55.00M
YoY Change 500.0%
Long-Term Debt Due $11.09M $6.212M
YoY Change 78.46% -97.3%
Total Short-Term Liabilities $949.0M $495.4M
YoY Change 91.55% -28.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.487B $2.499B
YoY Change -0.5% -0.31%
Other Long-Term Liabilities $266.0M $237.7M
YoY Change 11.93% 5.16%
Total Long-Term Liabilities $2.753B $2.737B
YoY Change 0.58% 9.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $949.0M $495.4M
Total Long-Term Liabilities $2.753B $2.737B
Total Liabilities $5.356B $4.952B
YoY Change 8.16% -2.94%
SHAREHOLDERS EQUITY
Retained Earnings $2.842B $2.374B
YoY Change 19.75%
Common Stock $1.861B $1.806B
YoY Change 3.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $431.1M $453.0M
YoY Change -4.82%
Treasury Stock Shares 23.88M shares 25.09M shares
Shareholders Equity $4.277B $3.811B
YoY Change
Total Liabilities & Shareholders Equity $11.39B $9.054B
YoY Change 25.75% 3.5%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $110.9M $94.12M
YoY Change 17.85% 199.3%
Depreciation, Depletion And Amortization $157.2M $162.5M
YoY Change -3.23% 40.45%
Cash From Operating Activities $289.5M $309.5M
YoY Change -6.46% 57.67%
INVESTING ACTIVITIES
Capital Expenditures -$671.8M -$506.7M
YoY Change 32.58% 29.03%
Acquisitions
YoY Change
Other Investing Activities -$335.3M $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.007B -$506.7M
YoY Change 98.76% 29.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.082B 53.50M
YoY Change 1922.43% -252.42%
NET CHANGE
Cash From Operating Activities 289.5M 309.5M
Cash From Investing Activities -1.007B -506.7M
Cash From Financing Activities 1.082B 53.50M
Net Change In Cash 364.4M -143.7M
YoY Change -353.58% -37.58%
FREE CASH FLOW
Cash From Operating Activities $289.5M $309.5M
Capital Expenditures -$671.8M -$506.7M
Free Cash Flow $961.3M $816.2M
YoY Change 17.78% 38.57%

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