2015 Q2 Form 10-Q Financial Statement

#000109980015000024 Filed on July 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $616.8M $575.1M
YoY Change 7.25% 11.19%
Cost Of Revenue $158.6M $151.2M
YoY Change 4.89% 22.33%
Gross Profit $458.2M $423.9M
YoY Change 8.09% 7.7%
Gross Profit Margin 74.29% 73.71%
Selling, General & Admin $213.9M $215.5M
YoY Change -0.74% 15.49%
% of Gross Profit 46.68% 50.84%
Research & Development $97.50M $89.10M
YoY Change 9.43% 10.68%
% of Gross Profit 21.28% 21.02%
Depreciation & Amortization $16.80M $16.10M
YoY Change 4.35% 9.52%
% of Gross Profit 3.67% 3.8%
Operating Expenses $311.4M $304.6M
YoY Change 2.23% 14.04%
Operating Profit $146.8M $119.3M
YoY Change 23.05% -5.69%
Interest Expense -$1.800M -$3.100M
YoY Change -41.94% 675.0%
% of Operating Profit -1.23% -2.6%
Other Income/Expense, Net
YoY Change
Pretax Income $142.2M $813.2M
YoY Change -82.51% 574.85%
Income Tax $29.50M $266.2M
% Of Pretax Income 20.75% 32.73%
Net Earnings $112.7M $547.0M
YoY Change -79.4% 486.28%
Net Earnings / Revenue 18.27% 95.11%
Basic Earnings Per Share $0.52 $2.59
Diluted Earnings Per Share $0.51 $2.55
COMMON SHARES
Basic Shares Outstanding 215.3M shares 105.6M shares
Diluted Shares Outstanding 219.9M shares 107.4M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.409B $1.484B
YoY Change -5.06% 158.1%
Cash & Equivalents $597.6M $498.6M
Short-Term Investments $811.4M $985.5M
Other Short-Term Assets $112.4M $60.30M
YoY Change 86.4% -38.28%
Inventory $313.3M $317.1M
Prepaid Expenses $46.10M $46.30M
Receivables $351.0M $327.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.297B $2.278B
YoY Change 0.83% 63.82%
LONG-TERM ASSETS
Property, Plant & Equipment $450.6M $422.5M
YoY Change 6.65% 5.84%
Goodwill $370.9M $384.3M
YoY Change -3.49% 0.73%
Intangibles $18.90M $29.50M
YoY Change -35.93% -54.33%
Long-Term Investments $7.100M $10.90M
YoY Change -34.86% -5.22%
Other Assets $57.70M $35.70M
YoY Change 61.62% 40.55%
Total Long-Term Assets $1.311B $1.049B
YoY Change 25.06% 10.47%
TOTAL ASSETS
Total Short-Term Assets $2.297B $2.278B
Total Long-Term Assets $1.311B $1.049B
Total Assets $3.608B $3.327B
YoY Change 8.47% 42.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.20M $533.4M
YoY Change -87.59% 69.76%
Accrued Expenses $227.2M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $445.2M $540.5M
YoY Change -17.63% 72.02%
LONG-TERM LIABILITIES
Long-Term Debt $600.3M $598.0M
YoY Change 0.38% 163.09%
Other Long-Term Liabilities $274.2M $273.2M
YoY Change 0.37% 25.09%
Total Long-Term Liabilities $874.5M $871.2M
YoY Change 0.38% 298.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $445.2M $540.5M
Total Long-Term Liabilities $874.5M $871.2M
Total Liabilities $1.320B $1.412B
YoY Change -6.52% 85.77%
SHAREHOLDERS EQUITY
Retained Earnings $3.078B $2.638B
YoY Change 16.67% 39.37%
Common Stock $1.094B $874.5M
YoY Change 25.1% 18.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.737B $1.557B
YoY Change 11.58% 54.79%
Treasury Stock Shares 22.50M shares 21.10M shares
Shareholders Equity $2.289B $1.915B
YoY Change
Total Liabilities & Shareholders Equity $3.608B $3.327B
YoY Change 8.47% 42.18%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $112.7M $547.0M
YoY Change -79.4% 486.28%
Depreciation, Depletion And Amortization $16.80M $16.10M
YoY Change 4.35% 9.52%
Cash From Operating Activities $170.1M $778.0M
YoY Change -78.14% 507.34%
INVESTING ACTIVITIES
Capital Expenditures -$18.40M -$16.00M
YoY Change 15.0% -45.76%
Acquisitions
YoY Change
Other Investing Activities $30.90M -$454.4M
YoY Change -106.8% 944.6%
Cash From Investing Activities $12.50M -$470.4M
YoY Change -102.66% 544.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.60M -103.8M
YoY Change -51.25% 16.24%
NET CHANGE
Cash From Operating Activities 170.1M 778.0M
Cash From Investing Activities 12.50M -470.4M
Cash From Financing Activities -50.60M -103.8M
Net Change In Cash 132.0M 203.8M
YoY Change -35.23% -695.91%
FREE CASH FLOW
Cash From Operating Activities $170.1M $778.0M
Capital Expenditures -$18.40M -$16.00M
Free Cash Flow $188.5M $794.0M
YoY Change -76.26% 403.81%

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