2015 Q4 Form 10-K Financial Statement

#000109980017000008 Filed on February 17, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $671.1M $615.5M $616.8M
YoY Change 8.59% 1.33% 7.25%
Cost Of Revenue $175.9M $146.7M $158.6M
YoY Change 9.66% -12.73% 4.89%
Gross Profit $495.2M $468.8M $458.2M
YoY Change 8.22% 6.72% 8.09%
Gross Profit Margin 73.79% 76.17% 74.29%
Selling, General & Admin $222.3M $212.0M $213.9M
YoY Change -0.36% -4.59% -0.74%
% of Gross Profit 44.89% 45.22% 46.68%
Research & Development $98.20M $101.0M $97.50M
YoY Change 16.9% 15.3% 9.43%
% of Gross Profit 19.83% 21.54% 21.28%
Depreciation & Amortization $14.50M $18.50M $16.80M
YoY Change -20.77% 2.78% 4.35%
% of Gross Profit 2.93% 3.95% 3.67%
Operating Expenses $321.1M $313.0M $311.4M
YoY Change 4.59% 1.03% 2.23%
Operating Profit $174.1M $155.8M $146.8M
YoY Change 15.6% 20.31% 23.05%
Interest Expense -$3.800M -$2.500M -$1.800M
YoY Change -44.93% 0.0% -41.94%
% of Operating Profit -2.18% -1.6% -1.23%
Other Income/Expense, Net -$200.0K
YoY Change
Pretax Income $167.0M $150.7M $142.2M
YoY Change 25.66% 24.96% -82.51%
Income Tax $26.30M $32.60M $29.50M
% Of Pretax Income 15.75% 21.63% 20.75%
Net Earnings $140.7M $118.1M $112.7M
YoY Change 28.85% 24.84% -79.4%
Net Earnings / Revenue 20.97% 19.19% 18.27%
Basic Earnings Per Share $0.65 $0.55 $0.52
Diluted Earnings Per Share $0.64 $0.54 $0.51
COMMON SHARES
Basic Shares Outstanding 107.9M shares 215.2M shares 215.3M shares
Diluted Shares Outstanding 219.9M shares 219.9M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.225B $1.251B $1.409B
YoY Change -14.88% -17.46% -5.06%
Cash & Equivalents $718.4M $646.1M $597.6M
Short-Term Investments $506.3M $604.4M $811.4M
Other Short-Term Assets $66.40M $96.60M $112.4M
YoY Change -45.44% 7.81% 86.4%
Inventory $339.9M $333.5M $313.3M
Prepaid Expenses $45.10M $47.50M $46.10M
Receivables $315.4M $338.4M $351.0M
Other Receivables $56.40M $0.00 $0.00
Total Short-Term Assets $2.048B $2.146B $2.297B
YoY Change -8.21% -7.09% 0.83%
LONG-TERM ASSETS
Property, Plant & Equipment $482.5M $454.8M $450.6M
YoY Change 8.94% 5.94% 6.65%
Goodwill $628.3M $621.2M $370.9M
YoY Change 67.1% 63.91% -3.49%
Intangibles $205.4M $207.3M $18.90M
YoY Change 777.78% 703.49% -35.93%
Long-Term Investments $6.700M $7.600M $7.100M
YoY Change -27.96% -24.0% -34.86%
Other Assets $131.8M $54.90M $57.70M
YoY Change 167.89% 44.85% 61.62%
Total Long-Term Assets $2.008B $1.731B $1.311B
YoY Change 55.46% 66.32% 25.06%
TOTAL ASSETS
Total Short-Term Assets $2.048B $2.146B $2.297B
Total Long-Term Assets $2.008B $1.731B $1.311B
Total Assets $4.056B $3.877B $3.608B
YoY Change 15.14% 15.72% 8.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.90M $71.50M $66.20M
YoY Change 9.79% 19.37% -87.59%
Accrued Expenses $378.4M $267.9M $227.2M
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 $445.2M
YoY Change 11.76% 24.47% -17.63%
LONG-TERM LIABILITIES
Long-Term Debt $596.9M $604.9M $600.3M
YoY Change -0.2% 1.43% 0.38%
Other Long-Term Liabilities $285.4M $317.8M $274.2M
YoY Change 153.46% 12.54% 0.37%
Total Long-Term Liabilities $882.3M $922.7M $874.5M
YoY Change 24.15% 5.0% 0.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $476.2M $532.5M $445.2M
Total Long-Term Liabilities $882.3M $922.7M $874.5M
Total Liabilities $1.359B $1.455B $1.320B
YoY Change 19.5% 11.37% -6.52%
SHAREHOLDERS EQUITY
Retained Earnings $3.337B $3.196B $3.078B
YoY Change 17.41% 16.96% 16.67%
Common Stock $1.186B $1.132B $1.094B
YoY Change 17.73% 20.63% 25.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.837B $1.737B $1.737B
YoY Change 17.99% 11.58% 11.58%
Treasury Stock Shares 23.70M shares 22.50M shares 22.50M shares
Shareholders Equity $2.503B $2.421B $2.289B
YoY Change
Total Liabilities & Shareholders Equity $4.056B $3.877B $3.608B
YoY Change 15.14% 15.72% 8.47%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $140.7M $118.1M $112.7M
YoY Change 28.85% 24.84% -79.4%
Depreciation, Depletion And Amortization $14.50M $18.50M $16.80M
YoY Change -20.77% 2.78% 4.35%
Cash From Operating Activities $103.8M $202.5M $170.1M
YoY Change 11.37% 1559.84% -78.14%
INVESTING ACTIVITIES
Capital Expenditures -$41.30M -$26.00M -$18.40M
YoY Change -8.83% 43.65% 15.0%
Acquisitions
YoY Change
Other Investing Activities $68.60M -$149.6M $30.90M
YoY Change -56.39% 9.44% -106.8%
Cash From Investing Activities $27.30M -$175.6M $12.50M
YoY Change -75.63% 13.44% -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 -59.70M 23.60M -50.60M
YoY Change -230.07% -51.54% -51.25%
NET CHANGE
Cash From Operating Activities 103.8M 202.5M 170.1M
Cash From Investing Activities 27.30M -175.6M 12.50M
Cash From Financing Activities -59.70M 23.60M -50.60M
Net Change In Cash 71.40M 50.50M 132.0M
YoY Change -71.57% -153.78% -35.23%
FREE CASH FLOW
Cash From Operating Activities $103.8M $202.5M $170.1M
Capital Expenditures -$41.30M -$26.00M -$18.40M
Free Cash Flow $145.1M $228.5M $188.5M
YoY Change 4.77% 654.13% -76.26%

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7300000 USD
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7400000 USD
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230900000 USD
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359700000 USD
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1144000000 USD
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622400000 USD
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737900000 USD
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332900000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
168400000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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29400000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
74000000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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128100000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
134500000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
9700000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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112900000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
400400000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
217800000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
258300000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Charitable Contributions
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0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Charitable Contributions
IncomeTaxReconciliationNondeductibleExpenseCharitableContributions
0 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Charitable Contributions
IncomeTaxReconciliationNondeductibleExpenseCharitableContributions
5000000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2100000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2300000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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3600000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3000000 USD
CY2014 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-4800000 USD
CY2015 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
3300000 USD
CY2016 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
4600000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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19300000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3100000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
13500000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
15700000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
21300000 USD
CY2014 us-gaap Income Taxes Paid
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274700000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
86900000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
99900000 USD
CY2014 us-gaap Increase Decrease In Accounts And Other Receivables
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26800000 USD
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
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38300000 USD
CY2016 us-gaap Increase Decrease In Accounts And Other Receivables
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56700000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
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105100000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
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71100000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
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95000000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
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37400000 USD
CY2014 us-gaap Increase Decrease In Inventories
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30500000 USD
CY2015 us-gaap Increase Decrease In Inventories
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67700000 USD
CY2016 us-gaap Increase Decrease In Inventories
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65600000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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-7500000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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900000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
200000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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12600000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4000000 shares
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CY2016Q4 us-gaap Land
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30100000 USD
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4056300000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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4510000000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4800000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4800000 shares
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CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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430400000 USD
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205400000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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204800000 USD
CY2014 us-gaap Interest Expense
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17200000 USD
CY2015 us-gaap Interest Expense
InterestExpense
17200000 USD
CY2016 us-gaap Interest Expense
InterestExpense
19200000 USD
CY2014 us-gaap Interest Paid
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15500000 USD
CY2015 us-gaap Interest Paid
InterestPaid
14100000 USD
CY2016 us-gaap Interest Paid
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16100000 USD
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
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212000000 USD
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233600000 USD
CY2015Q4 us-gaap Inventory Net
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339900000 USD
CY2016Q4 us-gaap Inventory Net
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396600000 USD
CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
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63800000 USD
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
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60600000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
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30100000 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
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29100000 USD
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
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64100000 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
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102400000 USD
CY2014 us-gaap Investment Income Interest
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6400000 USD
CY2015 us-gaap Investment Income Interest
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7900000 USD
CY2016 us-gaap Investment Income Interest
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10800000 USD
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28200000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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33900000 USD
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476200000 USD
CY2016Q4 us-gaap Liabilities Current
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532500000 USD
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194700000 USD
CY2016Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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229800000 USD
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5600000 USD
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7800000 USD
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750000000 USD
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7000000 USD
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32600000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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0 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
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0 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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0 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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225000000 USD
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600000000 USD
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CY2016Q4 us-gaap Long Term Debt Noncurrent
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379900000 USD
CY2016Q4 us-gaap Long Term Investments
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532100000 USD
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0.029
CY2016Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.031
CY2014 us-gaap Loss On Contract Termination
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7500000 USD
CY2015 us-gaap Loss On Contract Termination
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CY2016 us-gaap Loss On Contract Termination
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CY2016Q4 us-gaap Machinery And Equipment Gross
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CY2016 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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549700000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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118100000 USD
CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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140700000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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143000000 USD
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CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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3300000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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5500000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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8400000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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16500000 USD
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CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2016 us-gaap Operating Leases Rent Expense Net
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22900000 USD
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CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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28800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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5600000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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6200000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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500000 USD
CY2015Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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58800000 USD
CY2016Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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64200000 USD
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285400000 USD
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306400000 USD
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CY2014 us-gaap Other Nonoperating Income Expense
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CY2014 us-gaap Other Nonrecurring Income Expense
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70700000 USD
CY2015 us-gaap Other Nonrecurring Income Expense
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CY2016 us-gaap Other Nonrecurring Income Expense
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34500000 USD
CY2015Q4 us-gaap Other Receivables
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56400000 USD
CY2016Q4 us-gaap Other Receivables
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49100000 USD
CY2014 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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11200000 USD
CY2015 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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5100000 USD
CY2016 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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7600000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
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1200000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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300900000 USD
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280100000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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662300000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
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160400000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
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380300000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities
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470400000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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15000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
331600000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1956400000 USD
CY2015 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
928500000 USD
CY2016 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
594700000 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
10800000 USD
CY2015 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3800000 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
41300000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
82900000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102700000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176100000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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50000000.0 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000.0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current
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45100000 USD
CY2016Q4 us-gaap Prepaid Expense Current
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45900000 USD
CY2014 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
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2100000 USD
CY2015 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
3000000 USD
CY2016 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
1900000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
226300000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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213000000 shares
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CY2016 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Edwards Lifesciences Corporation ("Edwards Lifesciences" or the "Company") conducts operations worldwide and is managed in the following geographical regions: United States, Europe, Japan, and Rest of World. Edwards Lifesciences is focused on technologies that treat structural heart disease and critically ill patients. The products and technologies provided by Edwards Lifesciences are categorized into the following main areas: Transcatheter Heart Valve Therapy, Surgical Heart Valve Therapy, and Critical Care.</font></div></div>
CY2016 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements of Edwards Lifesciences have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America ("GAAP") which have been applied consistently in all material respects. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates.</font></div></div>

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