2016 Q2 Form 10-Q Financial Statement

#000139898716000291 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.662B $1.651B
YoY Change 0.67% 9.19%
Cost Of Revenue $1.255B $1.243B
YoY Change 0.97% 8.65%
Gross Profit $407.0M $408.0M
YoY Change -0.25% 10.87%
Gross Profit Margin 24.49% 24.71%
Selling, General & Admin $135.0M $151.0M
YoY Change -10.6% 29.06%
% of Gross Profit 33.17% 37.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.00M $52.00M
YoY Change -7.69% 13.04%
% of Gross Profit 11.79% 12.75%
Operating Expenses $135.0M $151.0M
YoY Change -10.6% 29.06%
Operating Profit $272.0M $257.0M
YoY Change 5.84% 2.39%
Interest Expense $59.00M $50.00M
YoY Change 18.0% -31.51%
% of Operating Profit 21.69% 19.46%
Other Income/Expense, Net $0.00 $1.000M
YoY Change -100.0% 0.0%
Pretax Income $153.0M $157.0M
YoY Change -2.55% 35.34%
Income Tax $64.00M $66.00M
% Of Pretax Income 41.83% 42.04%
Net Earnings $92.00M $97.00M
YoY Change -5.15% 42.65%
Net Earnings / Revenue 5.54% 5.88%
Basic Earnings Per Share $0.63 $0.66
Diluted Earnings Per Share $0.63 $0.66
COMMON SHARES
Basic Shares Outstanding 145.5M shares 146.5M shares
Diluted Shares Outstanding 146.7M shares 148.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.0M $359.0M
YoY Change 17.83% 71.77%
Cash & Equivalents $423.0M $359.0M
Short-Term Investments
Other Short-Term Assets $129.0M $136.0M
YoY Change -5.15% 23.64%
Inventory
Prepaid Expenses
Receivables $175.0M $163.0M
Other Receivables $356.0M $434.0M
Total Short-Term Assets $1.083B $1.302B
YoY Change -16.82% 26.04%
LONG-TERM ASSETS
Property, Plant & Equipment $250.0M $236.0M
YoY Change 5.93% 16.26%
Goodwill $3.631B $3.554B
YoY Change 2.17% 5.77%
Intangibles $745.0M $736.0M
YoY Change 1.22% 0.0%
Long-Term Investments
YoY Change
Other Assets $229.0M $231.0M
YoY Change -0.87% 0.43%
Total Long-Term Assets $6.547B $6.544B
YoY Change 0.05% 2.09%
TOTAL ASSETS
Total Short-Term Assets $1.083B $1.302B
Total Long-Term Assets $6.547B $6.544B
Total Assets $7.630B $7.846B
YoY Change -2.75% 5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.0M $154.0M
YoY Change -1.3% -1.91%
Accrued Expenses $403.0M $422.0M
YoY Change -4.5% 6.3%
Deferred Revenue
YoY Change
Short-Term Debt $280.0M $389.0M
YoY Change -28.02% 54.37%
Long-Term Debt Due $41.00M $519.0M
YoY Change -92.1% 2631.58%
Total Short-Term Liabilities $907.0M $1.530B
YoY Change -40.72% 72.1%
LONG-TERM LIABILITIES
Long-Term Debt $3.691B $3.383B
YoY Change 9.1% -13.96%
Other Long-Term Liabilities $309.0M $247.0M
YoY Change 25.1% 21.08%
Total Long-Term Liabilities $4.000B $3.630B
YoY Change 10.19% -12.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $907.0M $1.530B
Total Long-Term Liabilities $4.000B $3.630B
Total Liabilities $5.206B $5.573B
YoY Change -6.59% 3.47%
SHAREHOLDERS EQUITY
Retained Earnings -$3.230B -$3.399B
YoY Change -4.97% -5.19%
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 $2.420B $2.269B
YoY Change
Total Liabilities & Shareholders Equity $7.630B $7.846B
YoY Change -2.75% 5.41%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $92.00M $97.00M
YoY Change -5.15% 42.65%
Depreciation, Depletion And Amortization $48.00M $52.00M
YoY Change -7.69% 13.04%
Cash From Operating Activities $162.0M $157.0M
YoY Change 3.18% -0.63%
INVESTING ACTIVITIES
Capital Expenditures $18.00M $22.00M
YoY Change -18.18% 22.22%
Acquisitions
YoY Change
Other Investing Activities -$6.000M -$83.00M
YoY Change -92.77% 730.0%
Cash From Investing Activities -$24.00M -$105.0M
YoY Change -77.14% 275.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.000M 123.0M
YoY Change -97.56% -407.5%
NET CHANGE
Cash From Operating Activities 162.0M 157.0M
Cash From Investing Activities -24.00M -105.0M
Cash From Financing Activities 3.000M 123.0M
Net Change In Cash 141.0M 175.0M
YoY Change -19.43% 94.44%
FREE CASH FLOW
Cash From Operating Activities $162.0M $157.0M
Capital Expenditures $18.00M $22.00M
Free Cash Flow $144.0M $135.0M
YoY Change 6.67% -3.57%

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