2016 Q4 Form 10-Q Financial Statement

#000109980016000077 Filed on October 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue $767.7M $739.4M $671.1M
YoY Change 14.39% 20.13% 8.59%
Cost Of Revenue $213.2M $201.4M $175.9M
YoY Change 21.21% 37.29% 9.66%
Gross Profit $554.5M $538.0M $495.2M
YoY Change 11.97% 14.76% 8.22%
Gross Profit Margin 72.23% 72.76% 73.79%
Selling, General & Admin $233.6M $229.6M $222.3M
YoY Change 5.08% 8.3% -0.36%
% of Gross Profit 42.13% 42.68% 44.89%
Research & Development $114.9M $113.0M $98.20M
YoY Change 17.01% 11.88% 16.9%
% of Gross Profit 20.72% 21.0% 19.83%
Depreciation & Amortization $19.10M $18.20M $14.50M
YoY Change 31.72% -1.62% -20.77%
% of Gross Profit 3.44% 3.38% 2.93%
Operating Expenses $348.1M $342.6M $321.1M
YoY Change 8.41% 9.46% 4.59%
Operating Profit $206.4M $195.4M $174.1M
YoY Change 18.55% 25.42% 15.6%
Interest Expense -$1.200M $2.100M -$3.800M
YoY Change -68.42% -184.0% -44.93%
% of Operating Profit -0.58% 1.07% -2.18%
Other Income/Expense, Net -$1.500M
YoY Change 650.0%
Pretax Income $200.4M $185.2M $167.0M
YoY Change 20.0% 22.89% 25.66%
Income Tax $41.90M $43.80M $26.30M
% Of Pretax Income 20.91% 23.65% 15.75%
Net Earnings $158.5M $141.4M $140.7M
YoY Change 12.65% 19.73% 28.85%
Net Earnings / Revenue 20.65% 19.12% 20.97%
Basic Earnings Per Share $0.74 $0.66 $0.65
Diluted Earnings Per Share $0.73 $0.65 $0.64
COMMON SHARES
Basic Shares Outstanding 213.8M shares 213.2M shares 107.9M shares
Diluted Shares Outstanding 218.1M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.271B $1.201B $1.225B
YoY Change 3.79% -4.0% -14.88%
Cash & Equivalents $930.1M $645.0M $718.4M
Short-Term Investments $341.0M $555.5M $506.3M
Other Short-Term Assets $111.8M $66.10M $66.40M
YoY Change 68.37% -31.57% -45.44%
Inventory $396.6M $401.0M $339.9M
Prepaid Expenses $45.90M $49.80M $45.10M
Receivables $365.5M $454.2M $315.4M
Other Receivables $0.00 $0.00 $56.40M
Total Short-Term Assets $2.240B $2.171B $2.048B
YoY Change 9.38% 1.21% -8.21%
LONG-TERM ASSETS
Property, Plant & Equipment $580.0M $543.7M $482.5M
YoY Change 20.21% 19.55% 8.94%
Goodwill $626.1M $630.0M $628.3M
YoY Change -0.35% 1.42% 67.1%
Intangibles $204.8M $207.0M $205.4M
YoY Change -0.29% -0.14% 777.78%
Long-Term Investments $5.600M $7.100M $6.700M
YoY Change -16.42% -6.58% -27.96%
Other Assets $123.2M $124.8M $131.8M
YoY Change -6.53% 127.32% 167.89%
Total Long-Term Assets $2.270B $2.168B $2.008B
YoY Change 13.03% 25.22% 55.46%
TOTAL ASSETS
Total Short-Term Assets $2.240B $2.171B $2.048B
Total Long-Term Assets $2.270B $2.168B $2.008B
Total Assets $4.510B $4.339B $4.056B
YoY Change 11.19% 11.93% 15.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.10M $87.00M $63.90M
YoY Change 51.96% 21.68% 9.79%
Accrued Expenses $418.4M $411.6M $378.4M
YoY Change 10.57% 53.64% 11.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $532.5M $532.8M $476.2M
YoY Change 11.82% 0.06% 11.76%
LONG-TERM LIABILITIES
Long-Term Debt $822.3M $600.6M $596.9M
YoY Change 37.76% -0.71% -0.2%
Other Long-Term Liabilities $115.3M $513.8M $285.4M
YoY Change -59.6% 61.67% 153.46%
Total Long-Term Liabilities $937.6M $1.114B $882.3M
YoY Change 6.27% 20.78% 24.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $532.5M $532.8M $476.2M
Total Long-Term Liabilities $937.6M $1.114B $882.3M
Total Liabilities $1.470B $1.647B $1.359B
YoY Change 8.21% 13.19% 19.5%
SHAREHOLDERS EQUITY
Retained Earnings $3.906B $3.748B $3.337B
YoY Change 17.07% 17.26% 17.41%
Common Stock $1.410B $1.333B $1.186B
YoY Change 18.93% 17.82% 17.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.499B $2.218B $1.837B
YoY Change 36.05% 27.69% 17.99%
Treasury Stock Shares 31.00M shares 28.30M shares 23.70M shares
Shareholders Equity $2.619B $2.692B $2.503B
YoY Change
Total Liabilities & Shareholders Equity $4.510B $4.339B $4.056B
YoY Change 11.19% 11.93% 15.14%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $158.5M $141.4M $140.7M
YoY Change 12.65% 19.73% 28.85%
Depreciation, Depletion And Amortization $19.10M $18.20M $14.50M
YoY Change 31.72% -1.62% -20.77%
Cash From Operating Activities $201.1M $205.9M $103.8M
YoY Change 93.74% 1.68% 11.37%
INVESTING ACTIVITIES
Capital Expenditures -$63.20M -$48.30M -$41.30M
YoY Change 53.03% 85.77% -8.83%
Acquisitions
YoY Change
Other Investing Activities $143.4M $52.20M $68.60M
YoY Change 109.04% -134.89% -56.39%
Cash From Investing Activities $80.20M $3.900M $27.30M
YoY Change 193.77% -102.22% -75.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.100M 63.80M -59.70M
YoY Change -108.54% 170.34% -230.07%
NET CHANGE
Cash From Operating Activities 201.1M 205.9M 103.8M
Cash From Investing Activities 80.20M 3.900M 27.30M
Cash From Financing Activities 5.100M 63.80M -59.70M
Net Change In Cash 286.4M 273.6M 71.40M
YoY Change 301.12% 441.78% -71.57%
FREE CASH FLOW
Cash From Operating Activities $201.1M $205.9M $103.8M
Capital Expenditures -$63.20M -$48.30M -$41.30M
Free Cash Flow $264.3M $254.2M $145.1M
YoY Change 82.15% 11.25% 4.77%

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