2017 Q1 Form 10-Q Financial Statement

#000109980017000013 Filed on April 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $883.5M $697.3M
YoY Change 26.7% 18.13%
Cost Of Revenue $215.6M $180.3M
YoY Change 19.58% 32.57%
Gross Profit $667.9M $517.0M
YoY Change 29.19% 13.8%
Gross Profit Margin 75.6% 74.14%
Selling, General & Admin $229.6M $212.7M
YoY Change 7.95% 5.04%
% of Gross Profit 34.38% 41.14%
Research & Development $128.7M $101.8M
YoY Change 26.42% 17.82%
% of Gross Profit 19.27% 19.69%
Depreciation & Amortization $21.10M $15.90M
YoY Change 32.7% -0.63%
% of Gross Profit 3.16% 3.08%
Operating Expenses $358.3M $314.5M
YoY Change 13.93% 8.86%
Operating Profit $298.3M $202.5M
YoY Change 47.31% 22.43%
Interest Expense $2.400M $2.400M
YoY Change 0.0% -200.0%
% of Operating Profit 0.8% 1.19%
Other Income/Expense, Net -$2.300M -$4.000M
YoY Change -42.5%
Pretax Income $293.6M $183.3M
YoY Change 60.17% 12.8%
Income Tax $63.40M $40.30M
% Of Pretax Income 21.59% 21.99%
Net Earnings $230.2M $143.0M
YoY Change 60.98% 15.88%
Net Earnings / Revenue 26.06% 20.51%
Basic Earnings Per Share $1.09 $0.67
Diluted Earnings Per Share $1.06 $0.66
COMMON SHARES
Basic Shares Outstanding 211.2M shares 213.1M shares
Diluted Shares Outstanding 216.4M shares 217.8M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $918.2M $951.8M
YoY Change -3.53% -30.57%
Cash & Equivalents $819.3M $501.4M
Short-Term Investments $98.90M $450.4M
Other Short-Term Assets $105.6M $73.60M
YoY Change 43.48% -46.82%
Inventory $431.4M $356.6M
Prepaid Expenses $53.00M $48.80M
Receivables $510.2M $388.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.018B $1.819B
YoY Change 10.94% -19.31%
LONG-TERM ASSETS
Property, Plant & Equipment $588.8M $497.3M
YoY Change 18.4% 11.73%
Goodwill $945.2M $630.9M
YoY Change 49.82% 71.25%
Intangibles $402.1M $203.7M
YoY Change 97.4% 893.66%
Long-Term Investments $4.600M $6.900M
YoY Change -33.33% -13.75%
Other Assets $127.8M $131.1M
YoY Change -2.52% 145.51%
Total Long-Term Assets $2.762B $2.035B
YoY Change 35.76% 64.92%
TOTAL ASSETS
Total Short-Term Assets $2.018B $1.819B
Total Long-Term Assets $2.762B $2.035B
Total Assets $4.780B $3.854B
YoY Change 24.04% 10.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.00M $78.60M
YoY Change 18.32% 14.58%
Accrued Expenses $347.0M $312.3M
YoY Change 11.11% 69.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $584.8M $458.3M
YoY Change 27.6% 13.08%
LONG-TERM LIABILITIES
Long-Term Debt $847.9M $602.2M
YoY Change 40.8% -0.08%
Other Long-Term Liabilities $409.4M $494.0M
YoY Change -17.13% 85.37%
Total Long-Term Liabilities $1.257B $1.096B
YoY Change 14.7% 26.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $584.8M $458.3M
Total Long-Term Liabilities $1.257B $1.096B
Total Liabilities $2.038B $1.555B
YoY Change 31.08% 21.97%
SHAREHOLDERS EQUITY
Retained Earnings $4.146B $3.480B
YoY Change 19.14% 17.35%
Common Stock $1.451B $1.173B
YoY Change 23.66% 11.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.672B $2.181B
YoY Change 22.53% 31.56%
Treasury Stock Shares 32.80M shares 27.90M shares
Shareholders Equity $2.743B $2.299B
YoY Change
Total Liabilities & Shareholders Equity $4.780B $3.854B
YoY Change 24.04% 10.47%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $230.2M $143.0M
YoY Change 60.98% 15.88%
Depreciation, Depletion And Amortization $21.10M $15.90M
YoY Change 32.7% -0.63%
Cash From Operating Activities $128.3M $107.1M
YoY Change 19.79% 46.11%
INVESTING ACTIVITIES
Capital Expenditures $15.90M $27.70M
YoY Change -42.6% 33.17%
Acquisitions $82.00M $0.00
YoY Change
Other Investing Activities -$600.0K -$4.200M
YoY Change -85.71% 1300.0%
Cash From Investing Activities $151.2M $47.30M
YoY Change 219.66% -126.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $437.4M $344.1M
YoY Change 27.11% 240.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$391.3M -369.1M
YoY Change 6.01% 413.35%
NET CHANGE
Cash From Operating Activities $128.3M 107.1M
Cash From Investing Activities $151.2M 47.30M
Cash From Financing Activities -$391.3M -369.1M
Net Change In Cash -$111.8M -214.7M
YoY Change -47.93% 20.01%
FREE CASH FLOW
Cash From Operating Activities $128.3M $107.1M
Capital Expenditures $15.90M $27.70M
Free Cash Flow $112.4M $79.40M
YoY Change 41.56% 51.24%

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