2015 Q1 Form 10-Q Financial Statement

#000139898715000079 Filed on May 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $1.062B $1.007B
YoY Change 5.46% 5.22%
Cost Of Revenue $872.0M $836.0M
YoY Change 4.31% 7.04%
Gross Profit $190.0M $171.0M
YoY Change 11.11% -2.84%
Gross Profit Margin 17.89% 16.98%
Selling, General & Admin $134.0M $121.0M
YoY Change 10.74% 3.42%
% of Gross Profit 70.53% 70.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.00M $46.00M
YoY Change 0.0% 9.52%
% of Gross Profit 24.21% 26.9%
Operating Expenses $134.0M $121.0M
YoY Change 10.74% 3.42%
Operating Profit $56.00M $50.00M
YoY Change 12.0% -15.25%
Interest Expense $68.00M $70.00M
YoY Change -2.86% -21.35%
% of Operating Profit 121.43% 140.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$58.00M -$77.00M
YoY Change -24.68% 1.32%
Income Tax -$24.00M -$34.00M
% Of Pretax Income
Net Earnings -$32.00M -$46.00M
YoY Change -30.43% -38.67%
Net Earnings / Revenue -3.01% -4.57%
Basic Earnings Per Share -$0.22 -$0.32
Diluted Earnings Per Share -$0.22 -$0.32
COMMON SHARES
Basic Shares Outstanding 146.3M shares 145.8M shares
Diluted Shares Outstanding 146.3M shares 145.8M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $184.0M $119.0M
YoY Change 54.62% -67.49%
Cash & Equivalents $184.0M $119.0M
Short-Term Investments
Other Short-Term Assets $122.0M $105.0M
YoY Change 16.19% 6.06%
Inventory
Prepaid Expenses
Receivables $127.0M $131.0M
Other Receivables $329.0M $277.0M
Total Short-Term Assets $952.0M $818.0M
YoY Change 16.38% -14.97%
LONG-TERM ASSETS
Property, Plant & Equipment $228.0M $199.0M
YoY Change 14.57% 4.74%
Goodwill $3.477B $3.359B
YoY Change 3.51% 1.6%
Intangibles $736.0M $736.0M
YoY Change 0.0% 0.55%
Long-Term Investments
YoY Change
Other Assets $229.0M $208.0M
YoY Change 10.1% -6.31%
Total Long-Term Assets $6.480B $6.409B
YoY Change 1.11% -0.68%
TOTAL ASSETS
Total Short-Term Assets $952.0M $818.0M
Total Long-Term Assets $6.480B $6.409B
Total Assets $7.432B $7.227B
YoY Change 2.84% -2.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.0M $138.0M
YoY Change -15.22% -6.12%
Accrued Expenses $380.0M $363.0M
YoY Change 4.68% -4.72%
Deferred Revenue
YoY Change
Short-Term Debt $250.0M $194.0M
YoY Change 28.87% -18.83%
Long-Term Debt Due $19.00M $164.0M
YoY Change -88.41% 6.49%
Total Short-Term Liabilities $812.0M $922.0M
YoY Change -11.93% -6.96%
LONG-TERM LIABILITIES
Long-Term Debt $3.887B $3.839B
YoY Change 1.25% -11.07%
Other Long-Term Liabilities $243.0M $192.0M
YoY Change 26.56% -11.11%
Total Long-Term Liabilities $4.130B $4.031B
YoY Change 2.46% -11.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $812.0M $922.0M
Total Long-Term Liabilities $4.130B $4.031B
Total Liabilities $5.274B $5.252B
YoY Change 0.42% -12.06%
SHAREHOLDERS EQUITY
Retained Earnings -$3.496B -$3.653B
YoY Change -4.3% -11.33%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.155B $1.973B
YoY Change
Total Liabilities & Shareholders Equity $7.432B $7.227B
YoY Change 2.84% -2.54%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$32.00M -$46.00M
YoY Change -30.43% -38.67%
Depreciation, Depletion And Amortization $46.00M $46.00M
YoY Change 0.0% 9.52%
Cash From Operating Activities -$84.00M -$110.0M
YoY Change -23.64% 155.81%
INVESTING ACTIVITIES
Capital Expenditures $19.00M $13.00M
YoY Change 46.15% 8.33%
Acquisitions $0.00 $23.00M
YoY Change -100.0% 1050.0%
Other Investing Activities -$1.000M $5.000M
YoY Change -120.0%
Cash From Investing Activities -$16.00M -$37.00M
YoY Change -56.76% 131.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.000M $1.000M
YoY Change -200.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$28.00M $30.00M
YoY Change -193.33% -40.0%
NET CHANGE
Cash From Operating Activities -$84.00M -$110.0M
Cash From Investing Activities -$16.00M -$37.00M
Cash From Financing Activities -$28.00M $30.00M
Net Change In Cash -$128.0M -$117.0M
YoY Change 9.4% 1200.0%
FREE CASH FLOW
Cash From Operating Activities -$84.00M -$110.0M
Capital Expenditures $19.00M $13.00M
Free Cash Flow -$103.0M -$123.0M
YoY Change -16.26% 123.64%

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PaymentsToAcquirePropertyPlantAndEquipment
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CY2014Q1 us-gaap Revenue From Franchisor Owned Outlets
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CY2014Q1 us-gaap Share Based Compensation
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CY2015Q1 us-gaap Share Based Compensation
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CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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P7Y5M
CY2014Q4 us-gaap Stockholders Equity
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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146300000.0 shares

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