2016 Q4 Form 10-Q Financial Statement

#000139898716000354 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.370B $1.644B $1.668B
YoY Change 3.4% -1.44% 8.95%
Cost Of Revenue $1.073B $1.234B $1.236B
YoY Change 3.37% -0.16% 8.9%
Gross Profit $297.0M $410.0M $432.0M
YoY Change 3.48% -5.09% 9.09%
Gross Profit Margin 21.68% 24.94% 25.9%
Selling, General & Admin $147.0M $136.0M $141.0M
YoY Change 7.3% -3.55% 7.63%
% of Gross Profit 49.49% 33.17% 32.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.00M $53.00M $55.00M
YoY Change 10.42% -3.64% 14.58%
% of Gross Profit 17.85% 12.93% 12.73%
Operating Expenses $200.0M $136.0M $141.0M
YoY Change 8.11% -3.55% 7.63%
Operating Profit $97.00M $274.0M $291.0M
YoY Change -4.9% -5.84% 9.81%
Interest Expense -$5.000M $37.00M $70.00M
YoY Change -88.37% -47.14% 29.63%
% of Operating Profit -5.15% 13.5% 24.05%
Other Income/Expense, Net $1.000M $2.000M
YoY Change -50.0% 100.0%
Pretax Income $86.00M $176.0M $182.0M
YoY Change 8500.0% -3.3% 8.98%
Income Tax $30.00M $74.00M $74.00M
% Of Pretax Income 34.88% 42.05% 40.66%
Net Earnings $57.00M $106.0M $110.0M
YoY Change 533.33% -3.64% 10.0%
Net Earnings / Revenue 4.16% 6.45% 6.59%
Basic Earnings Per Share $0.40 $0.74 $0.75
Diluted Earnings Per Share $0.40 $0.73 $0.74
COMMON SHARES
Basic Shares Outstanding 142.6M shares 144.0M shares 146.6M shares
Diluted Shares Outstanding 145.1M shares 148.1M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $274.0M $224.0M $567.0M
YoY Change -33.98% -60.49% 111.57%
Cash & Equivalents $274.0M $224.0M $567.0M
Short-Term Investments
Other Short-Term Assets $141.0M $140.0M $134.0M
YoY Change 11.9% 4.48% 24.07%
Inventory
Prepaid Expenses
Receivables $152.0M $172.0M $171.0M
Other Receivables $244.0M $290.0M $351.0M
Total Short-Term Assets $818.0M $826.0M $1.431B
YoY Change -14.88% -42.28% 26.86%
LONG-TERM ASSETS
Property, Plant & Equipment $267.0M $254.0M $240.0M
YoY Change 5.12% 5.83% 7.14%
Goodwill $3.514B $3.690B $3.603B
YoY Change -2.87% 2.41% 4.04%
Intangibles $748.0M $748.0M $745.0M
YoY Change 0.4% 0.4% 1.22%
Long-Term Investments $66.00M
YoY Change 1.54%
Other Assets $224.0M $233.0M $243.0M
YoY Change 7.18% -4.12% 5.19%
Total Long-Term Assets $6.603B $6.629B $6.598B
YoY Change 0.5% 0.47% 1.23%
TOTAL ASSETS
Total Short-Term Assets $818.0M $826.0M $1.431B
Total Long-Term Assets $6.603B $6.629B $6.598B
Total Assets $7.421B $7.455B $8.029B
YoY Change -1.46% -7.15% 5.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.0M $142.0M $147.0M
YoY Change 0.72% -3.4% -14.04%
Accrued Expenses $463.0M $431.0M $460.0M
YoY Change 3.35% -6.3% 11.92%
Deferred Revenue
YoY Change
Short-Term Debt $205.0M $255.0M $335.0M
YoY Change -17.0% -23.88% 19.22%
Long-Term Debt Due $242.0M $197.0M $519.0M
YoY Change -67.3% -62.04% 2631.58%
Total Short-Term Liabilities $1.050B $1.056B $1.493B
YoY Change -34.58% -29.27% 58.49%
LONG-TERM LIABILITIES
Long-Term Debt $3.265B $3.273B $3.378B
YoY Change 10.23% -3.11% -13.98%
Other Long-Term Liabilities $248.0M $293.0M $286.0M
YoY Change -9.82% 2.45% 38.16%
Total Long-Term Liabilities $3.513B $3.566B $3.664B
YoY Change 8.53% -2.67% -11.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.050B $1.056B $1.493B
Total Long-Term Liabilities $3.513B $3.566B $3.664B
Total Liabilities $4.952B $4.987B $5.636B
YoY Change -3.07% -11.52% 2.83%
SHAREHOLDERS EQUITY
Retained Earnings -$3.062B -$3.119B -$3.289B
YoY Change -6.65% -5.17% -5.62%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.464B $2.464B $2.389B
YoY Change
Total Liabilities & Shareholders Equity $7.421B $7.455B $8.029B
YoY Change -1.46% -7.15% 5.01%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $57.00M $106.0M $110.0M
YoY Change 533.33% -3.64% 10.0%
Depreciation, Depletion And Amortization $53.00M $53.00M $55.00M
YoY Change 10.42% -3.64% 14.58%
Cash From Operating Activities $176.0M $313.0M $327.0M
YoY Change -6.38% -4.28% 46.64%
INVESTING ACTIVITIES
Capital Expenditures $26.00M $21.00M $19.00M
YoY Change 8.33% 10.53% 5.56%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$84.00M -$31.00M
YoY Change -93.75% 170.97% -81.76%
Cash From Investing Activities -$27.00M -$105.0M -$50.00M
YoY Change -32.5% 110.0% -73.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -97.00M -407.0M -68.00M
YoY Change -67.88% 498.53% -372.0%
NET CHANGE
Cash From Operating Activities 176.0M 313.0M 327.0M
Cash From Investing Activities -27.00M -105.0M -50.00M
Cash From Financing Activities -97.00M -407.0M -68.00M
Net Change In Cash 52.00M -199.0M 209.0M
YoY Change -133.77% -195.22% 248.33%
FREE CASH FLOW
Cash From Operating Activities $176.0M $313.0M $327.0M
Capital Expenditures $26.00M $21.00M $19.00M
Free Cash Flow $150.0M $292.0M $308.0M
YoY Change -8.54% -5.19% 50.24%

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