2013 Q4 Form 10-Q Financial Statement

#000140807513000038 Filed on October 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $1.075B $1.163B $1.105B
YoY Change 2.05% 5.28% 2.93%
Cost Of Revenue $900.9M $982.3M $915.8M
YoY Change 1.38% 7.26% -0.38%
Gross Profit $173.4M $180.7M $188.9M
YoY Change 5.28% -4.34% 22.66%
Gross Profit Margin 16.13% 15.54% 17.1%
Selling, General & Admin $94.30M $93.80M $95.10M
YoY Change 3.17% -1.37% 25.46%
% of Gross Profit 54.38% 51.91% 50.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.90M $74.80M $67.20M
YoY Change 6.33% 11.31% -3.72%
% of Gross Profit 39.73% 41.39% 35.57%
Operating Expenses $94.40M $93.80M $95.10M
YoY Change 8.38% -1.37% 25.46%
Operating Profit $63.00M $105.7M $91.40M
YoY Change -0.47% 15.65% -616.38%
Interest Expense -$19.90M $23.50M $26.10M
YoY Change -21.96% -9.96% -25.0%
% of Operating Profit -31.59% 22.23% 28.56%
Other Income/Expense, Net
YoY Change
Pretax Income $41.50M $81.00M $65.30M
YoY Change 16.25% 24.04% -221.38%
Income Tax -$3.500M $35.80M $27.00M
% Of Pretax Income -8.43% 44.2% 41.35%
Net Earnings $46.00M $44.50M $40.10M
YoY Change 100.87% 10.97% -184.42%
Net Earnings / Revenue 4.28% 3.83% 3.63%
Basic Earnings Per Share $0.13 $0.13 $0.10
Diluted Earnings Per Share $0.13 $0.13 $0.10
COMMON SHARES
Basic Shares Outstanding 348.6M shares 350.5M shares 396.1M shares
Diluted Shares Outstanding 352.2M shares 398.2M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.20M $92.00M $36.50M
YoY Change 1.36% 152.05% -76.77%
Cash & Equivalents $52.20M $92.00M $51.50M
Short-Term Investments $0.00
Other Short-Term Assets $38.80M $21.60M $21.00M
YoY Change 110.87% 2.86% -69.78%
Inventory $557.1M $585.6M $503.5M
Prepaid Expenses $29.90M
Receivables $391.4M $494.8M $462.2M
Other Receivables $21.40M $0.00 $0.00
Total Short-Term Assets $1.232B $1.271B $1.087B
YoY Change 2.43% 16.94% -6.37%
LONG-TERM ASSETS
Property, Plant & Equipment $1.679B $1.691B $1.610B
YoY Change -3.08% 5.03% -0.16%
Goodwill $1.125B $1.128B $1.121B
YoY Change -1.19% 0.66% -0.08%
Intangibles $467.0M $476.3M $507.6M
YoY Change -7.78% -6.17% -7.03%
Long-Term Investments
YoY Change
Other Assets $55.80M $52.90M $46.60M
YoY Change 9.41% 13.52% 2.42%
Total Long-Term Assets $3.141B $3.348B $3.285B
YoY Change -8.39% 1.93% -1.23%
TOTAL ASSETS
Total Short-Term Assets $1.232B $1.271B $1.087B
Total Long-Term Assets $3.141B $3.348B $3.285B
Total Assets $4.373B $4.619B $4.371B
YoY Change -5.58% 5.66% -2.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $428.3M $451.9M $401.0M
YoY Change -5.6% 12.69% 4.92%
Accrued Expenses $191.6M $202.2M $222.8M
YoY Change -12.51% -9.25% 3.58%
Deferred Revenue
YoY Change
Short-Term Debt $12.40M $0.00 $64.40M
YoY Change -3.88% -100.0% 231.96%
Long-Term Debt Due $62.60M $83.90M $18.30M
YoY Change -3.25% 358.47%
Total Short-Term Liabilities $711.2M $739.7M $688.2M
YoY Change -5.54% 7.48% 11.59%
LONG-TERM LIABILITIES
Long-Term Debt $2.176B $2.149B $1.913B
YoY Change -3.43% 12.34% -18.41%
Other Long-Term Liabilities $70.20M $467.0M $401.1M
YoY Change -4.62% 16.43% 35.19%
Total Long-Term Liabilities $2.246B $2.616B $2.314B
YoY Change -3.47% 13.05% -12.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $711.2M $739.7M $688.2M
Total Long-Term Liabilities $2.246B $2.616B $2.314B
Total Liabilities $2.958B $3.356B $3.002B
YoY Change 27285.19% 11.78% -14.17%
SHAREHOLDERS EQUITY
Retained Earnings -$542.6M -$532.6M -$631.7M
YoY Change -14.31% -15.69% -36.64%
Common Stock $1.790B $1.929B $2.183B
YoY Change -6.54% -11.65% 0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.062B $1.096B $1.288B
YoY Change
Total Liabilities & Shareholders Equity $4.559B $4.619B $4.371B
YoY Change -1.56% 5.66% -2.56%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $46.00M $44.50M $40.10M
YoY Change 100.87% 10.97% -184.42%
Depreciation, Depletion And Amortization $68.90M $74.80M $67.20M
YoY Change 6.33% 11.31% -3.72%
Cash From Operating Activities $188.5M $159.6M $145.8M
YoY Change 4.55% 9.47% 79.34%
INVESTING ACTIVITIES
Capital Expenditures -$56.00M -$68.60M -$47.50M
YoY Change -25.23% 44.42% 26.33%
Acquisitions
YoY Change
Other Investing Activities $7.500M $59.20M $3.200M
YoY Change -107.15% 1750.0% -420.0%
Cash From Investing Activities -$48.50M -$9.400M -$44.30M
YoY Change -73.03% -78.78% 14.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -179.6M -92.50M -96.80M
YoY Change -1330.14% -4.44% 30.28%
NET CHANGE
Cash From Operating Activities 188.5M 159.6M 145.8M
Cash From Investing Activities -48.50M -9.400M -44.30M
Cash From Financing Activities -179.6M -92.50M -96.80M
Net Change In Cash -39.60M 57.70M 4.700M
YoY Change -362.25% 1127.66% -114.87%
FREE CASH FLOW
Cash From Operating Activities $188.5M $159.6M $145.8M
Capital Expenditures -$56.00M -$68.60M -$47.50M
Free Cash Flow $244.5M $228.2M $193.3M
YoY Change -4.19% 18.05% 62.57%

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dei Document Period End Date
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dei Document Type
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dei Entity Current Reporting Status
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dei Entity Registrant Name
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dei Entity Voluntary Filers
EntityVoluntaryFilers
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dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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