2015 Q2 Form 10-Q Financial Statement

#000140807515000029 Filed on July 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $1.057B $1.117B
YoY Change -5.34% -2.02%
Cost Of Revenue $859.1M $903.6M
YoY Change -4.92% -4.99%
Gross Profit $198.0M $213.1M
YoY Change -7.09% 12.99%
Gross Profit Margin 18.73% 19.08%
Selling, General & Admin $88.70M $94.50M
YoY Change -6.14% -2.58%
% of Gross Profit 44.8% 44.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $71.20M $69.40M
YoY Change 2.59% 1.61%
% of Gross Profit 35.96% 32.57%
Operating Expenses $88.70M $94.50M
YoY Change -6.14% -2.58%
Operating Profit $110.2M -$52.90M
YoY Change -308.32% -160.32%
Interest Expense $17.80M $21.20M
YoY Change -16.04% -28.62%
% of Operating Profit 16.15%
Other Income/Expense, Net
YoY Change
Pretax Income $92.40M -$74.10M
YoY Change -224.7% -330.84%
Income Tax $35.10M -$33.20M
% Of Pretax Income 37.99%
Net Earnings $57.60M -$40.00M
YoY Change -244.0% -288.68%
Net Earnings / Revenue 5.45% -3.58%
Basic Earnings Per Share $0.17 -$0.12
Diluted Earnings Per Share $0.17 -$0.12
COMMON SHARES
Basic Shares Outstanding 330.2M shares 328.7M shares
Diluted Shares Outstanding 330.9M shares 328.7M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.80M $157.0M
YoY Change -70.19% 371.47%
Cash & Equivalents $46.80M $157.0M
Short-Term Investments
Other Short-Term Assets $39.70M $34.60M
YoY Change 14.74% 72.14%
Inventory $569.3M $522.7M
Prepaid Expenses
Receivables $484.7M $490.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.320B $1.387B
YoY Change -4.83% 10.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.561B $1.550B
YoY Change 0.68% -8.88%
Goodwill $1.163B $1.192B
YoY Change -2.4% 5.38%
Intangibles $396.3M $351.9M
YoY Change 12.62% -27.53%
Long-Term Investments
YoY Change
Other Assets $72.50M $65.50M
YoY Change 10.69% 46.21%
Total Long-Term Assets $3.193B $3.159B
YoY Change 1.05% -6.05%
TOTAL ASSETS
Total Short-Term Assets $1.320B $1.387B
Total Long-Term Assets $3.193B $3.159B
Total Assets $4.512B $4.546B
YoY Change -0.74% -1.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $410.7M $407.0M
YoY Change 0.91% -10.23%
Accrued Expenses $226.1M $187.0M
YoY Change 20.91% 6.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $34.70M $73.00M
YoY Change -52.47% -16.28%
Total Short-Term Liabilities $671.5M $667.0M
YoY Change 0.67% -6.95%
LONG-TERM LIABILITIES
Long-Term Debt $2.010B $2.245B
YoY Change -10.49% 0.42%
Other Long-Term Liabilities $74.90M $264.5M
YoY Change -71.68% -44.93%
Total Long-Term Liabilities $2.085B $2.510B
YoY Change -16.94% -7.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $671.5M $667.0M
Total Long-Term Liabilities $2.085B $2.510B
Total Liabilities $2.756B $3.177B
YoY Change -13.24% -7.47%
SHAREHOLDERS EQUITY
Retained Earnings -$378.1M -$547.4M
YoY Change -30.93% -5.15%
Common Stock $1.784B $1.788B
YoY Change -0.24% -7.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.089B $1.062B
YoY Change
Total Liabilities & Shareholders Equity $4.512B $4.546B
YoY Change -0.74% -1.58%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $57.60M -$40.00M
YoY Change -244.0% -288.68%
Depreciation, Depletion And Amortization $71.20M $69.40M
YoY Change 2.59% 1.61%
Cash From Operating Activities $149.6M $123.7M
YoY Change 20.94% 1.56%
INVESTING ACTIVITIES
Capital Expenditures -$66.30M -$49.60M
YoY Change 33.67% -4.06%
Acquisitions
YoY Change
Other Investing Activities $7.800M -$51.30M
YoY Change -115.2% 4563.64%
Cash From Investing Activities -$58.50M -$100.9M
YoY Change -42.02% 91.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -88.30M 98.70M
YoY Change -189.46% -234.47%
NET CHANGE
Cash From Operating Activities 149.6M 123.7M
Cash From Investing Activities -58.50M -100.9M
Cash From Financing Activities -88.30M 98.70M
Net Change In Cash 2.800M 121.5M
YoY Change -97.7% -2861.36%
FREE CASH FLOW
Cash From Operating Activities $149.6M $123.7M
Capital Expenditures -$66.30M -$49.60M
Free Cash Flow $215.9M $173.3M
YoY Change 24.58% -0.12%

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PreferredStockParOrStatedValuePerShare
0.01
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PreferredStockParOrStatedValuePerShare
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0 shares
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0 shares
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us-gaap Profit Loss
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CY2015Q2 us-gaap Profit Loss
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us-gaap Selling General And Administrative Expense
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates and changes in these estimates are recorded when known.</font></div></div>

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