2015 Q4 Form 10-K Financial Statement

#000139898717000015 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $1.325B $1.668B $1.651B
YoY Change 3.68% 8.95% 9.19%
Cost Of Revenue $1.038B $1.236B $1.243B
YoY Change 4.85% 8.9% 8.65%
Gross Profit $287.0M $432.0M $408.0M
YoY Change -0.35% 9.09% 10.87%
Gross Profit Margin 21.66% 25.9% 24.71%
Selling, General & Admin $137.0M $141.0M $151.0M
YoY Change -0.72% 7.63% 29.06%
% of Gross Profit 47.74% 32.64% 37.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.00M $55.00M $52.00M
YoY Change -4.0% 14.58% 13.04%
% of Gross Profit 16.72% 12.73% 12.75%
Operating Expenses $185.0M $141.0M $151.0M
YoY Change -1.6% 7.63% 29.06%
Operating Profit $102.0M $291.0M $257.0M
YoY Change 2.0% 9.81% 2.39%
Interest Expense -$43.00M $70.00M $50.00M
YoY Change -38.57% 29.63% -31.51%
% of Operating Profit -42.16% 24.05% 19.46%
Other Income/Expense, Net $2.000M $1.000M
YoY Change 100.0% 0.0%
Pretax Income $1.000M $182.0M $157.0M
YoY Change -94.74% 8.98% 35.34%
Income Tax -$6.000M $74.00M $66.00M
% Of Pretax Income -600.0% 40.66% 42.04%
Net Earnings $9.000M $110.0M $97.00M
YoY Change -57.14% 10.0% 42.65%
Net Earnings / Revenue 0.68% 6.59% 5.88%
Basic Earnings Per Share $0.06 $0.75 $0.66
Diluted Earnings Per Share $0.06 $0.74 $0.66
COMMON SHARES
Basic Shares Outstanding 146.7M shares 146.6M shares 146.5M shares
Diluted Shares Outstanding 148.1M shares 148.0M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $415.0M $567.0M $359.0M
YoY Change 32.59% 111.57% 71.77%
Cash & Equivalents $415.0M $567.0M $359.0M
Short-Term Investments
Other Short-Term Assets $126.0M $134.0M $136.0M
YoY Change 5.0% 24.07% 23.64%
Inventory
Prepaid Expenses
Receivables $141.0M $171.0M $163.0M
Other Receivables $279.0M $351.0M $434.0M
Total Short-Term Assets $961.0M $1.431B $1.302B
YoY Change 13.59% 26.86% 26.04%
LONG-TERM ASSETS
Property, Plant & Equipment $254.0M $240.0M $236.0M
YoY Change 9.01% 7.14% 16.26%
Goodwill $3.618B $3.603B $3.554B
YoY Change 4.06% 4.04% 5.77%
Intangibles $745.0M $745.0M $736.0M
YoY Change 1.22% 1.22% 0.0%
Long-Term Investments $65.00M
YoY Change 6.56%
Other Assets $209.0M $243.0M $231.0M
YoY Change 18.75% 5.19% 0.43%
Total Long-Term Assets $6.570B $6.598B $6.544B
YoY Change 1.73% 1.23% 2.09%
TOTAL ASSETS
Total Short-Term Assets $961.0M $1.431B $1.302B
Total Long-Term Assets $6.570B $6.598B $6.544B
Total Assets $7.531B $8.029B $7.846B
YoY Change 3.11% 5.01% 5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.0M $147.0M $154.0M
YoY Change 8.59% -14.04% -1.91%
Accrued Expenses $448.0M $460.0M $422.0M
YoY Change 9.0% 11.92% 6.3%
Deferred Revenue
YoY Change
Short-Term Debt $247.0M $335.0M $389.0M
YoY Change -8.18% 19.22% 54.37%
Long-Term Debt Due $740.0M $519.0M $519.0M
YoY Change 3794.74% 2631.58% 2631.58%
Total Short-Term Liabilities $1.605B $1.493B $1.530B
YoY Change 82.8% 58.49% 72.1%
LONG-TERM LIABILITIES
Long-Term Debt $2.962B $3.378B $3.383B
YoY Change -23.88% -13.98% -13.96%
Other Long-Term Liabilities $275.0M $286.0M $247.0M
YoY Change 16.53% 38.16% 21.08%
Total Long-Term Liabilities $3.237B $3.664B $3.630B
YoY Change -21.57% -11.37% -12.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.605B $1.493B $1.530B
Total Long-Term Liabilities $3.237B $3.664B $3.630B
Total Liabilities $5.109B $5.636B $5.573B
YoY Change -0.23% 2.83% 3.47%
SHAREHOLDERS EQUITY
Retained Earnings -$3.280B -$3.289B -$3.399B
YoY Change -5.31% -5.62% -5.19%
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 $2.418B $2.389B $2.269B
YoY Change
Total Liabilities & Shareholders Equity $7.531B $8.029B $7.846B
YoY Change 3.11% 5.01% 5.41%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $9.000M $110.0M $97.00M
YoY Change -57.14% 10.0% 42.65%
Depreciation, Depletion And Amortization $48.00M $55.00M $52.00M
YoY Change -4.0% 14.58% 13.04%
Cash From Operating Activities $188.0M $327.0M $157.0M
YoY Change 18.99% 46.64% -0.63%
INVESTING ACTIVITIES
Capital Expenditures $24.00M $19.00M $22.00M
YoY Change 9.09% 5.56% 22.22%
Acquisitions
YoY Change
Other Investing Activities -$16.00M -$31.00M -$83.00M
YoY Change -30.43% -81.76% 730.0%
Cash From Investing Activities -$40.00M -$50.00M -$105.0M
YoY Change -11.11% -73.4% 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 -302.0M -68.00M 123.0M
YoY Change 350.75% -372.0% -407.5%
NET CHANGE
Cash From Operating Activities 188.0M 327.0M 157.0M
Cash From Investing Activities -40.00M -50.00M -105.0M
Cash From Financing Activities -302.0M -68.00M 123.0M
Net Change In Cash -154.0M 209.0M 175.0M
YoY Change -434.78% 248.33% 94.44%
FREE CASH FLOW
Cash From Operating Activities $188.0M $327.0M $157.0M
Capital Expenditures $24.00M $19.00M $22.00M
Free Cash Flow $164.0M $308.0M $135.0M
YoY Change 20.59% 50.24% -3.57%

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3000000 USD
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2183000000 USD
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2422000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2469000000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
2000000 USD
CY2016Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
2000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
113000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
78000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
78000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
23000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
70000000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147200000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148100000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145800000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146500000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144500000 shares
CY2014 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3000000 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">USE OF ESTIMATES </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In presenting the consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ materially from those estimates. </font></div></div>

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