2017 Q2 Form 10-Q Financial Statement

#000139898717000163 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $1.793B $1.662B
YoY Change 7.88% 0.67%
Cost Of Revenue $1.355B $1.255B
YoY Change 7.97% 0.97%
Gross Profit $438.0M $407.0M
YoY Change 7.62% -0.25%
Gross Profit Margin 24.43% 24.49%
Selling, General & Admin $168.0M $135.0M
YoY Change 24.44% -10.6%
% of Gross Profit 38.36% 33.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.00M $48.00M
YoY Change 2.08% -7.69%
% of Gross Profit 11.19% 11.79%
Operating Expenses $168.0M $135.0M
YoY Change 24.44% -10.6%
Operating Profit $270.0M $272.0M
YoY Change -0.74% 5.84%
Interest Expense $47.00M $59.00M
YoY Change -20.34% 18.0%
% of Operating Profit 17.41% 21.69%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $183.0M $153.0M
YoY Change 19.61% -2.55%
Income Tax $73.00M $64.00M
% Of Pretax Income 39.89% 41.83%
Net Earnings $109.0M $92.00M
YoY Change 18.48% -5.15%
Net Earnings / Revenue 6.08% 5.54%
Basic Earnings Per Share $0.79 $0.63
Diluted Earnings Per Share $0.78 $0.63
COMMON SHARES
Basic Shares Outstanding 137.6M shares 145.5M shares
Diluted Shares Outstanding 138.9M shares 146.7M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.0M $423.0M
YoY Change -48.23% 17.83%
Cash & Equivalents $219.0M $423.0M
Short-Term Investments
Other Short-Term Assets $172.0M $129.0M
YoY Change 33.33% -5.15%
Inventory
Prepaid Expenses
Receivables $178.0M $175.0M
Other Receivables $292.0M $356.0M
Total Short-Term Assets $861.0M $1.083B
YoY Change -20.5% -16.82%
LONG-TERM ASSETS
Property, Plant & Equipment $267.0M $250.0M
YoY Change 6.8% 5.93%
Goodwill $3.694B $3.631B
YoY Change 1.74% 2.17%
Intangibles $748.0M $745.0M
YoY Change 0.4% 1.22%
Long-Term Investments
YoY Change
Other Assets $232.0M $229.0M
YoY Change 1.31% -0.87%
Total Long-Term Assets $6.565B $6.547B
YoY Change 0.27% 0.05%
TOTAL ASSETS
Total Short-Term Assets $861.0M $1.083B
Total Long-Term Assets $6.565B $6.547B
Total Assets $7.426B $7.630B
YoY Change -2.67% -2.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.0M $152.0M
YoY Change 11.84% -1.3%
Accrued Expenses $423.0M $403.0M
YoY Change 4.96% -4.5%
Deferred Revenue
YoY Change
Short-Term Debt $223.0M $280.0M
YoY Change -20.36% -28.02%
Long-Term Debt Due $237.0M $41.00M
YoY Change 478.05% -92.1%
Total Short-Term Liabilities $1.070B $907.0M
YoY Change 17.97% -40.72%
LONG-TERM LIABILITIES
Long-Term Debt $3.246B $3.691B
YoY Change -12.06% 9.1%
Other Long-Term Liabilities $241.0M $309.0M
YoY Change -22.01% 25.1%
Total Long-Term Liabilities $3.487B $4.000B
YoY Change -12.83% 10.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.070B $907.0M
Total Long-Term Liabilities $3.487B $4.000B
Total Liabilities $5.003B $5.206B
YoY Change -3.9% -6.59%
SHAREHOLDERS EQUITY
Retained Earnings -$2.981B -$3.230B
YoY Change -7.71% -4.97%
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 $2.420B
YoY Change
Total Liabilities & Shareholders Equity $7.426B $7.630B
YoY Change -2.67% -2.75%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $109.0M $92.00M
YoY Change 18.48% -5.15%
Depreciation, Depletion And Amortization $49.00M $48.00M
YoY Change 2.08% -7.69%
Cash From Operating Activities $198.0M $162.0M
YoY Change 22.22% 3.18%
INVESTING ACTIVITIES
Capital Expenditures $20.00M $18.00M
YoY Change 11.11% -18.18%
Acquisitions
YoY Change
Other Investing Activities -$5.000M -$6.000M
YoY Change -16.67% -92.77%
Cash From Investing Activities -$25.00M -$24.00M
YoY Change 4.17% -77.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -159.0M 3.000M
YoY Change -5400.0% -97.56%
NET CHANGE
Cash From Operating Activities 198.0M 162.0M
Cash From Investing Activities -25.00M -24.00M
Cash From Financing Activities -159.0M 3.000M
Net Change In Cash 14.00M 141.0M
YoY Change -90.07% -19.43%
FREE CASH FLOW
Cash From Operating Activities $198.0M $162.0M
Capital Expenditures $20.00M $18.00M
Free Cash Flow $178.0M $144.0M
YoY Change 23.61% 6.67%

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