2013 Q4 Form 10-K Financial Statement

#000149028115000014 Filed on February 13, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $768.4M $595.1M $608.7M
YoY Change 20.39% 4.66% 7.11%
Cost Of Revenue $390.2M $235.4M $224.1M
YoY Change 38.15% 29.51% 65.74%
Gross Profit $378.2M $359.6M $384.7M
YoY Change 6.29% -7.02% -11.19%
Gross Profit Margin 49.22% 60.43% 63.19%
Selling, General & Admin $362.6M $294.1M $302.6M
YoY Change -1.6% 2.12% 0.9%
% of Gross Profit 95.87% 81.77% 78.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.20M $23.10M $21.50M
YoY Change 151.25% 50.98% 67.97%
% of Gross Profit 10.63% 6.42% 5.59%
Operating Expenses $362.6M $345.8M $357.3M
YoY Change -1.6% -4.29% -7.6%
Operating Profit $13.35M $13.81M $27.41M
YoY Change -203.82% -45.7% -41.03%
Interest Expense $1.100M $39.00K $101.0K
YoY Change -191.67%
% of Operating Profit 8.24% 0.28% 0.37%
Other Income/Expense, Net $0.00 $832.0K -$5.579M
YoY Change -100.0% 34.85% -109.73%
Pretax Income -$71.50M $14.64M $21.83M
YoY Change 14.58% -43.5% -78.26%
Income Tax $7.400M $15.94M $27.38M
% Of Pretax Income 108.82% 125.42%
Net Earnings -$81.25M -$2.580M -$7.574M
YoY Change 0.33% 56.74% -123.43%
Net Earnings / Revenue -10.57% -0.43% -1.24%
Basic Earnings Per Share -$0.12 $0.00 -$0.01
Diluted Earnings Per Share -$0.12 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 668.0M shares 666.4M shares 662.4M shares
Diluted Shares Outstanding 668.0M shares 666.4M shares 662.4M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.241B $1.140B $1.182B
YoY Change 2.58% -5.09% -0.32%
Cash & Equivalents $1.192B $1.140B $1.182B
Short-Term Investments
Other Short-Term Assets $10.57M $127.9M $124.1M
YoY Change -94.18% 5.44% 6.89%
Inventory $57.10M $18.90M $18.71M
Prepaid Expenses $29.40M $26.63M $21.94M
Receivables $83.67M $86.23M $96.81M
Other Receivables $52.90M $20.40M $15.40M
Total Short-Term Assets $1.562B $1.393B $1.437B
YoY Change 5.02% -2.73% 2.59%
LONG-TERM ASSETS
Property, Plant & Equipment $134.4M $126.9M $125.9M
YoY Change 11.03% 22.15% 51.11%
Goodwill $220.8M $218.2M $206.7M
YoY Change 6.84% 10.79% 7.64%
Intangibles $28.44M $33.18M $33.19M
YoY Change -33.23% -35.5% -38.89%
Long-Term Investments $1.690M $104.1M $97.30M
YoY Change 241.41% -20.53% -25.83%
Other Assets $39.23M $45.32M $47.83M
YoY Change -33.75% -33.66% -37.21%
Total Long-Term Assets $479.5M $557.2M $539.7M
YoY Change -11.8% -7.19% -7.34%
TOTAL ASSETS
Total Short-Term Assets $1.562B $1.393B $1.437B
Total Long-Term Assets $479.5M $557.2M $539.7M
Total Assets $2.042B $1.951B $1.977B
YoY Change 0.52% -4.05% -0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.57M $33.68M $35.50M
YoY Change -53.94% -43.87% -41.19%
Accrued Expenses $227.0M $211.7M $226.8M
YoY Change -8.07% -13.61% -12.19%
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 $1.188B $1.016B $1.065B
YoY Change 1.65% -9.72% -3.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.598M $105.5M $100.9M
YoY Change -92.41% 41.38% 34.95%
Total Long-Term Liabilities $131.7M $12.21M $12.73M
YoY Change 885.98% -33.66% -37.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.188B $1.016B $1.065B
Total Long-Term Liabilities $131.7M $12.21M $12.73M
Total Liabilities $1.330B $1.142B $1.186B
YoY Change 3.18% -7.06% -1.21%
SHAREHOLDERS EQUITY
Retained Earnings -$848.9M -$767.6M -$765.0M
YoY Change 12.66% 14.15% 14.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.59M -$9.014M
YoY Change
Treasury Stock Shares
Shareholders Equity $713.7M $810.8M $792.5M
YoY Change
Total Liabilities & Shareholders Equity $2.042B $1.951B $1.977B
YoY Change 0.52% -4.05% -0.32%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$81.25M -$2.580M -$7.574M
YoY Change 0.33% 56.74% -123.43%
Depreciation, Depletion And Amortization $40.20M $23.10M $21.50M
YoY Change 151.25% 50.98% 67.97%
Cash From Operating Activities $178.2M -$11.90M $43.30M
YoY Change 171.23% -128.27% -42.5%
INVESTING ACTIVITIES
Capital Expenditures -$19.90M -$15.10M -$15.50M
YoY Change -50.99% -5.63% -41.95%
Acquisitions
YoY Change
Other Investing Activities -$3.400M -$11.40M -$300.0K
YoY Change -71.9% -41.84% -99.1%
Cash From Investing Activities -$23.30M -$26.50M -$15.80M
YoY Change -55.87% -25.56% -73.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -55.40M -9.000M -8.000M
YoY Change 752.31% -433.33% -133.06%
NET CHANGE
Cash From Operating Activities 178.2M -11.90M 43.30M
Cash From Investing Activities -23.30M -26.50M -15.80M
Cash From Financing Activities -55.40M -9.000M -8.000M
Net Change In Cash 99.50M -47.40M 19.50M
YoY Change 1454.69% -615.22% -50.38%
FREE CASH FLOW
Cash From Operating Activities $178.2M -$11.90M $43.30M
Capital Expenditures -$19.90M -$15.10M -$15.50M
Free Cash Flow $198.1M $3.200M $58.80M
YoY Change 86.36% -94.49% -42.35%

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3400000 USD
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16700000 USD
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ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent
3900000 USD
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34982
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15573000 USD
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232062000 USD
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11910000 USD
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0 USD
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P1Y3M18D
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15980000 USD
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27023000 USD
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20454000 USD
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370000 USD
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3400000 USD
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3567000 USD
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4388000 USD
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CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
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4936000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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4377000 USD
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424000 USD
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1988000 USD
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11230000 USD
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7601000 USD
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606000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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1983000 USD
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112551000 USD
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0 USD
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40495000 USD
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56032000 USD
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56032000 USD
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0 USD
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0 USD
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9504000 USD
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250045000 USD
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4639000 USD
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384694000 USD
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359622000 USD
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378208000 USD
CY2013 us-gaap Gross Profit
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1501533000 USD
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385721000 USD
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389862000 USD
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380144000 USD
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393459000 USD
CY2014 us-gaap Gross Profit
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1549186000 USD
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0.04
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50553000 USD
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85500000 USD
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85925000 USD
CY2014 us-gaap Impairment Of Investments
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2036000 USD
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88638000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18909000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-48195000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
6304000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-80930000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2012 us-gaap Income Loss From Equity Method Investments
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-9925000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-44000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-459000 USD
CY2013Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
5300000 USD
CY2014Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
5700000 USD
CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
2300000 USD
CY2013 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
3300000 USD
CY2014 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1100000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
145973000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70037000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15724000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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29249000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
24404000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
23515000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-487000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
837000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
178000 USD
CY2012 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
17404000 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
10565000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
14299000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4815000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
33230000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-6618000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-16868000 USD
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IncomeTaxReconciliationNondeductibleExpenseOther
6395000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
2968000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-773000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
14641000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
9000000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
6503000 USD
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IncomeTaxReconciliationOtherAdjustments
31011000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
35158000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
13098000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3965000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-5361000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-10051000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
0 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
4650000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
4693000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
126987000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
60767000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
24006000 USD
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39994000 USD
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18711000 USD
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IncreaseDecreaseInAccountsPayable
-31288000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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13660000 USD
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47742000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
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4053000 USD
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-16182000 USD
CY2014 us-gaap Increase Decrease In Income Taxes
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-35604000 USD
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CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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62906000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4372000 USD
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110557000 USD
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InterestExpense
0 USD
CY2013 us-gaap Interest Expense
InterestExpense
291000 USD
CY2014 us-gaap Interest Expense
InterestExpense
907000 USD
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2522000 USD
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1721000 USD
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1564000 USD
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57097000 USD
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57134000 USD
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20652000 USD
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24298000 USD
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43100000 USD
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LeaseAndRentalExpense
42300000 USD
CY2014 us-gaap Lease And Rental Expense
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55000000 USD
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1462653000 USD
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2042010000 USD
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136284000 USD
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250000000 USD
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8500000 USD
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46500000 USD
CY2012 us-gaap Marketing Expense
MarketingExpense
336854000 USD
CY2013 us-gaap Marketing Expense
MarketingExpense
214824000 USD
CY2014 us-gaap Marketing Expense
MarketingExpense
269043000 USD
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CY2013 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 USD
CY2014 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 USD
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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266834000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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218432000 USD
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CY2013Q4 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3742000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6447000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9171000 USD
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-67377000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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-95393000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-35363000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20922000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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11384000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2014 us-gaap Number Of Businesses Acquired
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6
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3
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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18394000 USD
CY2014 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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53000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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621000 USD
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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34000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
383000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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10102000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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425000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
12933000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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11625000 USD
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478000 USD
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OtherComprehensiveIncomeLossNetOfTax
12758000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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10746000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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285000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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831000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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53000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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OtherIncome
147000 USD
CY2014 us-gaap Other Income
OtherIncome
11000 USD
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17559000 USD
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CY2014 us-gaap Other Nonoperating Income Expense
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CY2012 us-gaap Other Payments To Acquire Businesses
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2233000 USD
CY2013 us-gaap Other Payments To Acquire Businesses
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5000000 USD
CY2014 us-gaap Other Payments To Acquire Businesses
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3136000 USD
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
509000 USD
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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50553000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
77800000 USD
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
85925000 USD
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
2036000 USD
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
1340000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44840000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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15600000 USD
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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660539 shares
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CY2012 us-gaap Valuation Allowances And Reserves Period Increase Decrease
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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650214119 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2014-09,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">. This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The ASU is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company is still assessing the impact of adoption on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There are no additional accounting standards that have been issued but not yet adopted that the Company believes will have a material impact on its consolidated financial position or results of operations.</font></div></div>
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the consolidated financial statements of prior years and the accompanying notes to conform to the current year presentation.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S.&#160;GAAP requires estimates and assumptions that affect the reported amounts and classifications of assets and liabilities, revenue and expenses, and the related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are utilized for, but not limited to, stock&#8209;based compensation, income taxes, valuation of acquired goodwill and intangible assets, investments, customer refunds, contingent liabilities and the useful lives of property, equipment and software and intangible assets. Actual results could differ materially from those estimates.</font></div></div>

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exhibit1015-2011incentivep.htm Edgar Link pending
exhibit1016-nonxemployeedi.htm Edgar Link pending
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