2015 Q4 Form 10-Q Financial Statement

#000109980015000036 Filed on October 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $671.1M $615.5M $618.0M
YoY Change 8.59% 1.33% 15.3%
Cost Of Revenue $175.9M $146.7M $160.4M
YoY Change 9.66% -12.73% 11.54%
Gross Profit $495.2M $468.8M $457.6M
YoY Change 8.22% 6.72% 17.18%
Gross Profit Margin 73.79% 76.17% 74.05%
Selling, General & Admin $222.3M $212.0M $223.1M
YoY Change -0.36% -4.59% 19.56%
% of Gross Profit 44.89% 45.22% 48.75%
Research & Development $98.20M $101.0M $84.00M
YoY Change 16.9% 15.3% 6.87%
% of Gross Profit 19.83% 21.54% 18.36%
Depreciation & Amortization $14.50M $18.50M $18.30M
YoY Change -20.77% 2.78% 40.77%
% of Gross Profit 2.93% 3.95% 4.0%
Operating Expenses $321.1M $313.0M $307.0M
YoY Change 4.59% 1.03% 16.11%
Operating Profit $174.1M $155.8M $150.6M
YoY Change 15.6% 20.31% 19.43%
Interest Expense -$3.800M -$2.500M -$6.900M
YoY Change -44.93% 0.0% 56.82%
% of Operating Profit -2.18% -1.6% -4.58%
Other Income/Expense, Net -$200.0K
YoY Change
Pretax Income $167.0M $150.7M $132.9M
YoY Change 25.66% 24.96% 32.5%
Income Tax $26.30M $32.60M $23.70M
% Of Pretax Income 15.75% 21.63% 17.83%
Net Earnings $140.7M $118.1M $109.2M
YoY Change 28.85% 24.84% 45.41%
Net Earnings / Revenue 20.97% 19.19% 17.67%
Basic Earnings Per Share $0.65 $0.55 $0.51
Diluted Earnings Per Share $0.64 $0.54 $0.50
COMMON SHARES
Basic Shares Outstanding 107.9M shares 215.2M shares
Diluted Shares Outstanding 219.9M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.225B $1.251B $1.439B
YoY Change -14.88% -17.46% 53.57%
Cash & Equivalents $718.4M $646.1M $653.8M
Short-Term Investments $506.3M $604.4M $785.0M
Other Short-Term Assets $66.40M $96.60M $121.7M
YoY Change -45.44% 7.81% 69.5%
Inventory $339.9M $333.5M $296.8M
Prepaid Expenses $45.10M $47.50M $48.80M
Receivables $315.4M $338.4M $288.0M
Other Receivables $56.40M $0.00 $37.00M
Total Short-Term Assets $2.048B $2.146B $2.231B
YoY Change -8.21% -7.09% 29.28%
LONG-TERM ASSETS
Property, Plant & Equipment $482.5M $454.8M $442.9M
YoY Change 8.94% 5.94% 5.05%
Goodwill $628.3M $621.2M $376.0M
YoY Change 67.1% 63.91% -2.44%
Intangibles $205.4M $207.3M $23.40M
YoY Change 777.78% 703.49% -30.15%
Long-Term Investments $6.700M $7.600M $9.300M
YoY Change -27.96% -24.0% -18.42%
Other Assets $131.8M $54.90M $49.20M
YoY Change 167.89% 44.85% 38.98%
Total Long-Term Assets $2.008B $1.731B $1.292B
YoY Change 55.46% 66.32% 31.28%
TOTAL ASSETS
Total Short-Term Assets $2.048B $2.146B $2.231B
Total Long-Term Assets $2.008B $1.731B $1.292B
Total Assets $4.056B $3.877B $3.523B
YoY Change 15.14% 15.72% 30.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.90M $71.50M $58.20M
YoY Change 9.79% 19.37% 20.25%
Accrued Expenses $378.4M $267.9M $340.0M
YoY Change 11.29%
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 $476.2M $532.5M $426.1M
YoY Change 11.76% 24.47% 23.29%
LONG-TERM LIABILITIES
Long-Term Debt $596.9M $604.9M $598.1M
YoY Change -0.2% 1.43% 0.84%
Other Long-Term Liabilities $285.4M $317.8M $112.6M
YoY Change 153.46% 12.54% -50.35%
Total Long-Term Liabilities $882.3M $922.7M $710.7M
YoY Change 24.15% 5.0% -13.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $476.2M $532.5M $426.1M
Total Long-Term Liabilities $882.3M $922.7M $710.7M
Total Liabilities $1.359B $1.455B $1.137B
YoY Change 19.5% 11.37% -2.46%
SHAREHOLDERS EQUITY
Retained Earnings $3.337B $3.196B $2.842B
YoY Change 17.41% 16.96% 39.94%
Common Stock $1.186B $1.132B $1.007B
YoY Change 17.73% 20.63% 26.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.837B $1.737B $1.557B
YoY Change 17.99% 11.58% 23.96%
Treasury Stock Shares 23.70M shares 22.50M shares 21.10M shares
Shareholders Equity $2.503B $2.421B $2.191B
YoY Change
Total Liabilities & Shareholders Equity $4.056B $3.877B $3.523B
YoY Change 15.14% 15.72% 30.0%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income $140.7M $118.1M $109.2M
YoY Change 28.85% 24.84% 45.41%
Depreciation, Depletion And Amortization $14.50M $18.50M $18.30M
YoY Change -20.77% 2.78% 40.77%
Cash From Operating Activities $103.8M $202.5M $93.20M
YoY Change 11.37% 1559.84% -16.26%
INVESTING ACTIVITIES
Capital Expenditures -$41.30M -$26.00M -$45.30M
YoY Change -8.83% 43.65% 119.9%
Acquisitions
YoY Change
Other Investing Activities $68.60M -$149.6M $157.3M
YoY Change -56.39% 9.44% -169.51%
Cash From Investing Activities $27.30M -$175.6M $112.0M
YoY Change -75.63% 13.44% -145.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.70M 23.60M 45.90M
YoY Change -230.07% -51.54% -42.98%
NET CHANGE
Cash From Operating Activities 103.8M 202.5M 93.20M
Cash From Investing Activities 27.30M -175.6M 112.0M
Cash From Financing Activities -59.70M 23.60M 45.90M
Net Change In Cash 71.40M 50.50M 251.1M
YoY Change -71.57% -153.78% -555.72%
FREE CASH FLOW
Cash From Operating Activities $103.8M $202.5M $93.20M
Capital Expenditures -$41.30M -$26.00M -$45.30M
Free Cash Flow $145.1M $228.5M $138.5M
YoY Change 4.77% 654.13% 5.0%

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