2015 Q1 Form 10-Q Financial Statement

#000032033515000013 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $934.4M $913.7M
YoY Change 2.27% -4.64%
Cost Of Revenue $497.8M $472.6M
YoY Change 5.33% -14.39%
Gross Profit $194.4M $180.9M
YoY Change 7.43% 2.23%
Gross Profit Margin 20.8% 19.8%
Selling, General & Admin $55.40M $54.50M
YoY Change 1.65% 4.21%
% of Gross Profit 28.5% 30.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $110.7M $104.0M
YoY Change 6.38% 2.28%
% of Gross Profit 56.94% 57.5%
Operating Expenses $720.9M $805.1M
YoY Change -10.46% 5.34%
Operating Profit $194.4M $203.7M
YoY Change -4.58% 4.0%
Interest Expense $19.06M $19.05M
YoY Change 0.06% -8.76%
% of Operating Profit 9.81% 9.35%
Other Income/Expense, Net $0.00 $22.77M
YoY Change -100.0% 79.57%
Pretax Income $194.5M $209.0M
YoY Change -6.97% 20.79%
Income Tax $63.70M $64.68M
% Of Pretax Income 32.75% 30.94%
Net Earnings $121.6M $132.9M
YoY Change -8.44% 11.05%
Net Earnings / Revenue 13.02% 14.54%
Basic Earnings Per Share $0.96 $1.00
Diluted Earnings Per Share $0.95 $0.98
COMMON SHARES
Basic Shares Outstanding 127.1M shares 133.2M shares
Diluted Shares Outstanding 128.6M shares 135.0M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $566.0M $373.0M
YoY Change 51.74% -5.33%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $441.6M $441.6M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $15.47B $14.19B
YoY Change 9.02% 0.01%
Other Assets
YoY Change
Total Long-Term Assets $20.13B $18.69B
YoY Change 7.7% 1.12%
TOTAL ASSETS
Total Short-Term Assets $566.0M $373.0M
Total Long-Term Assets $20.13B $18.69B
Total Assets $20.70B $19.06B
YoY Change 8.56% 0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $258.9M $264.9M
YoY Change -2.26% -28.19%
Long-Term Debt Due $259.0M $265.0M
YoY Change -2.26% -28.18%
Total Short-Term Liabilities $2.178B $1.794B
YoY Change 21.4% -9.07%
LONG-TERM LIABILITIES
Long-Term Debt $992.0M $991.0M
YoY Change 0.1% 0.1%
Other Long-Term Liabilities $377.0M $309.0M
YoY Change 22.01% -16.71%
Total Long-Term Liabilities $1.369B $1.300B
YoY Change 5.31% 31.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.178B $1.794B
Total Long-Term Liabilities $1.369B $1.300B
Total Liabilities $15.81B $14.88B
YoY Change 6.3% 2.07%
SHAREHOLDERS EQUITY
Retained Earnings $3.472B $3.659B
YoY Change -5.12% 4.59%
Common Stock $134.2M $100.8M
YoY Change 33.14% -4.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $351.2M $651.6M
YoY Change -46.1% 8.56%
Treasury Stock Shares 7.716M shares 12.59M shares
Shareholders Equity $4.884B $4.189B
YoY Change
Total Liabilities & Shareholders Equity $20.70B $19.06B
YoY Change 8.56% 0.98%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $121.6M $132.9M
YoY Change -8.44% 11.05%
Depreciation, Depletion And Amortization $110.7M $104.0M
YoY Change 6.38% 2.28%
Cash From Operating Activities $279.7M $274.9M
YoY Change 1.76% -5.33%
INVESTING ACTIVITIES
Capital Expenditures $6.080M $5.075M
YoY Change 19.8% 493.57%
Acquisitions
YoY Change
Other Investing Activities -$238.2M -$170.5M
YoY Change 39.71% -36.14%
Cash From Investing Activities -$244.3M -$175.5M
YoY Change 39.2% -34.48%
FINANCING ACTIVITIES
Cash Dividend Paid $16.21M $15.22M
YoY Change 6.51% 7.66%
Common Stock Issuance & Retirement, Net $98.80M $125.6M
YoY Change -21.36% -2.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.1M -103.9M
YoY Change 1.15% 65.01%
NET CHANGE
Cash From Operating Activities $279.7M 274.9M
Cash From Investing Activities -244.3M -175.5M
Cash From Financing Activities -105.1M -103.9M
Net Change In Cash $279.7M -4.500M
YoY Change -6316.2% -88.87%
FREE CASH FLOW
Cash From Operating Activities $279.7M $274.9M
Capital Expenditures $6.080M $5.075M
Free Cash Flow $273.6M $269.8M
YoY Change 1.42% -6.8%

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