2013 Q4 Form 10-Q Financial Statement

#000104746913010378 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $536.0M $495.6M $510.5M
YoY Change 5.0% 10.65% 18.67%
Cost Of Revenue $143.8M $128.2M $125.8M
YoY Change 14.31% 14.77% 5.18%
Gross Profit $390.5M $367.4M $384.7M
YoY Change 1.51% 9.28% 23.86%
Gross Profit Margin 72.85% 74.13% 75.36%
Selling, General & Admin $186.6M $177.8M $177.9M
YoY Change 4.89% 5.96% 8.87%
% of Gross Profit 47.78% 48.39% 46.24%
Research & Development $78.60M $84.10M $74.90M
YoY Change 4.94% 13.96% 23.39%
% of Gross Profit 20.13% 22.89% 19.47%
Depreciation & Amortization $13.00M $21.10M $15.10M
YoY Change -13.91% 46.53% 2.03%
% of Gross Profit 3.33% 5.74% 3.93%
Operating Expenses $264.4M $261.9M $251.9M
YoY Change 4.96% 8.4% 12.41%
Operating Profit $126.1M $105.5M $132.8M
YoY Change -5.05% 11.52% 53.53%
Interest Expense -$4.400M -$1.000M -$500.0K
YoY Change 780.0% -433.33% 66.67%
% of Operating Profit -3.49% -0.95% -0.38%
Other Income/Expense, Net -$1.000M
YoY Change
Pretax Income $100.3M $99.80M $122.2M
YoY Change -17.92% 6.85% 78.13%
Income Tax $25.20M $23.00M $31.10M
% Of Pretax Income 25.12% 23.05% 25.45%
Net Earnings $75.10M $76.80M $91.10M
YoY Change -17.56% 10.98% 44.37%
Net Earnings / Revenue 14.01% 15.5% 17.85%
Basic Earnings Per Share $0.69 $0.69 $0.79
Diluted Earnings Per Share $0.68 $0.68 $0.77
COMMON SHARES
Basic Shares Outstanding 109.4M shares 111.0M shares
Diluted Shares Outstanding 112.9M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $936.9M $757.6M $521.4M
YoY Change 79.69% 21.7% 15.74%
Cash & Equivalents $420.4M $471.0M $310.9M
Short-Term Investments $516.5M $286.6M $210.5M
Other Short-Term Assets $71.80M $83.20M $57.00M
YoY Change 25.96% 20.06% -0.18%
Inventory $308.9M $313.9M $281.0M
Prepaid Expenses $46.80M $46.60M $41.60M
Receivables $302.5M $327.8M $321.1M
Other Receivables $25.50M $0.00 $26.40M
Total Short-Term Assets $1.726B $1.570B $1.292B
YoY Change 33.59% 13.17% 10.56%
LONG-TERM ASSETS
Property, Plant & Equipment $421.6M $409.0M $373.3M
YoY Change 12.94% 24.43% 22.67%
Goodwill $385.4M $383.8M $384.7M
YoY Change 0.18% 9.72% 9.98%
Intangibles $33.50M $63.10M $67.00M
YoY Change -50.0% 5.87% 0.15%
Long-Term Investments $11.40M $10.80M $11.50M
YoY Change -0.87% -18.18% -3.36%
Other Assets $35.40M $31.00M $26.30M
YoY Change 34.6% 19.23% 6.91%
Total Long-Term Assets $984.1M $960.2M $929.6M
YoY Change 5.86% 18.82% 14.48%
TOTAL ASSETS
Total Short-Term Assets $1.726B $1.570B $1.292B
Total Long-Term Assets $984.1M $960.2M $929.6M
Total Assets $2.710B $2.531B $2.222B
YoY Change 21.99% 15.25% 12.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.40M $335.1M $74.70M
YoY Change -35.21% 12.22% -12.12%
Accrued Expenses $263.2M
YoY Change 12.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $345.6M $335.1M $347.4M
YoY Change -0.52% 12.22% 3.64%
LONG-TERM LIABILITIES
Long-Term Debt $593.1M $532.1M $189.3M
YoY Change 213.31% 203.36% 25.86%
Other Long-Term Liabilities $226.8M $226.0M $94.80M
YoY Change 139.24% 21.83% -39.62%
Total Long-Term Liabilities $819.9M $226.0M $284.1M
YoY Change 188.6% 21.83% 80.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.6M $335.1M $347.4M
Total Long-Term Liabilities $819.9M $226.0M $284.1M
Total Liabilities $1.166B $1.093B $631.5M
YoY Change 84.56% 65.76% 28.3%
SHAREHOLDERS EQUITY
Retained Earnings $2.031B $1.970B $1.654B
YoY Change 22.79% 26.04% 21.55%
Common Stock $797.2M $743.7M $613.2M
YoY Change 30.01% 27.63% 45.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.256B $1.233B $749.9M
YoY Change 67.49% 115.56% 84.8%
Treasury Stock Shares 16.70M shares 9.900M shares
Shareholders Equity $1.544B $1.437B $1.467B
YoY Change
Total Liabilities & Shareholders Equity $2.710B $2.531B $2.222B
YoY Change 21.99% 15.25% 12.17%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income $75.10M $76.80M $91.10M
YoY Change -17.56% 10.98% 44.37%
Depreciation, Depletion And Amortization $13.00M $21.10M $15.10M
YoY Change -13.91% 46.53% 2.03%
Cash From Operating Activities $111.3M $132.2M $126.4M
YoY Change -11.95% 0.69% 26.78%
INVESTING ACTIVITIES
Capital Expenditures -$20.60M -$23.20M -$55.80M
YoY Change -63.08% -9.73% 48.01%
Acquisitions
YoY Change
Other Investing Activities -$226.3M -$83.30M $71.50M
YoY Change -416.5% -21.56% -192.98%
Cash From Investing Activities -$246.9M -$106.5M $15.70M
YoY Change -1672.61% -19.26% -113.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.50M 68.60M -146.9M
YoY Change -154.8% -13820.0% 174.07%
NET CHANGE
Cash From Operating Activities 111.3M 132.2M 126.4M
Cash From Investing Activities -246.9M -106.5M 15.70M
Cash From Financing Activities 80.50M 68.60M -146.9M
Net Change In Cash -55.10M 94.30M -4.800M
YoY Change 1047.92% -8672.73% -92.99%
FREE CASH FLOW
Cash From Operating Activities $111.3M $132.2M $126.4M
Capital Expenditures -$20.60M -$23.20M -$55.80M
Free Cash Flow $131.9M $155.4M $182.2M
YoY Change -27.61% -1.02% 32.61%

Facts In Submission

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dei Document Type
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