2016 Q2 Form 10-Q Financial Statement

#000109980016000070 Filed on July 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $759.3M $616.8M
YoY Change 23.1% 7.25%
Cost Of Revenue $202.5M $158.6M
YoY Change 27.68% 4.89%
Gross Profit $556.8M $458.2M
YoY Change 21.52% 8.09%
Gross Profit Margin 73.33% 74.29%
Selling, General & Admin $228.8M $213.9M
YoY Change 6.97% -0.74%
% of Gross Profit 41.09% 46.68%
Research & Development $112.5M $97.50M
YoY Change 15.38% 9.43%
% of Gross Profit 20.2% 21.28%
Depreciation & Amortization $18.00M $16.80M
YoY Change 7.14% 4.35%
% of Gross Profit 3.23% 3.67%
Operating Expenses $341.3M $311.4M
YoY Change 9.6% 2.23%
Operating Profit $215.5M $146.8M
YoY Change 46.8% 23.05%
Interest Expense $2.400M -$1.800M
YoY Change -233.33% -41.94%
% of Operating Profit 1.11% -1.23%
Other Income/Expense, Net -$100.0K
YoY Change
Pretax Income $169.0M $142.2M
YoY Change 18.85% -82.51%
Income Tax $42.40M $29.50M
% Of Pretax Income 25.09% 20.75%
Net Earnings $126.6M $112.7M
YoY Change 12.33% -79.4%
Net Earnings / Revenue 16.67% 18.27%
Basic Earnings Per Share $0.60 $0.52
Diluted Earnings Per Share $0.58 $0.51
COMMON SHARES
Basic Shares Outstanding 212.2M shares 215.3M shares
Diluted Shares Outstanding 217.3M shares 219.9M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.061B $1.409B
YoY Change -24.71% -5.06%
Cash & Equivalents $369.9M $597.6M
Short-Term Investments $690.9M $811.4M
Other Short-Term Assets $81.50M $112.4M
YoY Change -27.49% 86.4%
Inventory $367.6M $313.3M
Prepaid Expenses $50.00M $46.10M
Receivables $425.8M $351.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.985B $2.297B
YoY Change -13.58% 0.83%
LONG-TERM ASSETS
Property, Plant & Equipment $516.2M $450.6M
YoY Change 14.56% 6.65%
Goodwill $629.4M $370.9M
YoY Change 69.7% -3.49%
Intangibles $208.7M $18.90M
YoY Change 1004.23% -35.93%
Long-Term Investments $7.400M $7.100M
YoY Change 4.23% -34.86%
Other Assets $126.4M $57.70M
YoY Change 119.06% 61.62%
Total Long-Term Assets $2.066B $1.311B
YoY Change 57.58% 25.06%
TOTAL ASSETS
Total Short-Term Assets $1.985B $2.297B
Total Long-Term Assets $2.066B $1.311B
Total Assets $4.051B $3.608B
YoY Change 12.28% 8.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.40M $66.20M
YoY Change 25.98% -87.59%
Accrued Expenses $343.5M $227.2M
YoY Change 51.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $478.2M $445.2M
YoY Change 7.41% -17.63%
LONG-TERM LIABILITIES
Long-Term Debt $602.5M $600.3M
YoY Change 0.37% 0.38%
Other Long-Term Liabilities $499.5M $274.2M
YoY Change 82.17% 0.37%
Total Long-Term Liabilities $1.102B $874.5M
YoY Change 26.01% 0.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $478.2M $445.2M
Total Long-Term Liabilities $1.102B $874.5M
Total Liabilities $1.580B $1.320B
YoY Change 19.74% -6.52%
SHAREHOLDERS EQUITY
Retained Earnings $3.606B $3.078B
YoY Change 17.17% 16.67%
Common Stock $1.261B $1.094B
YoY Change 15.28% 25.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.218B $1.737B
YoY Change 27.69% 11.58%
Treasury Stock Shares 28.30M shares 22.50M shares
Shareholders Equity $2.471B $2.289B
YoY Change
Total Liabilities & Shareholders Equity $4.051B $3.608B
YoY Change 12.28% 8.47%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $126.6M $112.7M
YoY Change 12.33% -79.4%
Depreciation, Depletion And Amortization $18.00M $16.80M
YoY Change 7.14% 4.35%
Cash From Operating Activities $190.3M $170.1M
YoY Change 11.88% -78.14%
INVESTING ACTIVITIES
Capital Expenditures -$78.20M -$18.40M
YoY Change 325.0% 15.0%
Acquisitions
YoY Change
Other Investing Activities -$264.9M $30.90M
YoY Change -957.28% -106.8%
Cash From Investing Activities -$343.1M $12.50M
YoY Change -2844.8% -102.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 31.70M -50.60M
YoY Change -162.65% -51.25%
NET CHANGE
Cash From Operating Activities 190.3M 170.1M
Cash From Investing Activities -343.1M 12.50M
Cash From Financing Activities 31.70M -50.60M
Net Change In Cash -121.1M 132.0M
YoY Change -191.74% -35.23%
FREE CASH FLOW
Cash From Operating Activities $190.3M $170.1M
Capital Expenditures -$78.20M -$18.40M
Free Cash Flow $268.5M $188.5M
YoY Change 42.44% -76.26%

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