2014 Q4 Form 10-Q Financial Statement

#000156459014004385 Filed on October 20, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $471.8M $451.9M $412.3M
YoY Change 10.54% 9.6% 5.29%
Cost Of Revenue $343.3M $329.9M $300.2M
YoY Change 9.44% 9.89% 2.67%
Gross Profit $128.5M $122.0M $112.1M
YoY Change 13.62% 8.83% 13.0%
Gross Profit Margin 27.24% 27.0% 27.19%
Selling, General & Admin $38.10M $32.90M $32.90M
YoY Change 6.72% 0.0% 8.58%
% of Gross Profit 29.65% 26.97% 29.35%
Research & Development $13.30M $10.10M $10.20M
YoY Change 27.88% -0.98% 14.61%
% of Gross Profit 10.35% 8.28% 9.1%
Depreciation & Amortization $18.60M $17.80M $14.70M
YoY Change 12.73% 21.09% 0.0%
% of Gross Profit 14.47% 14.59% 13.11%
Operating Expenses $51.40M $32.90M $43.10M
YoY Change 11.5% -23.67% 9.95%
Operating Profit $77.10M $79.00M $69.00M
YoY Change 15.07% 14.49% 15.0%
Interest Expense -$2.100M -$2.100M $1.900M
YoY Change 31.25% -210.53% -13.64%
% of Operating Profit -2.72% -2.66% 2.75%
Other Income/Expense, Net $0.00 -$500.0K $0.00
YoY Change
Pretax Income $75.00M $76.40M $67.10M
YoY Change 14.68% 13.86% 16.09%
Income Tax $22.40M $21.20M $18.70M
% Of Pretax Income 29.87% 27.75% 27.87%
Net Earnings $52.90M $55.80M $48.70M
YoY Change 12.31% 14.58% 22.36%
Net Earnings / Revenue 11.21% 12.35% 11.81%
Basic Earnings Per Share $0.55 $0.58 $0.49
Diluted Earnings Per Share $0.54 $0.57 $0.48
COMMON SHARES
Basic Shares Outstanding 95.40M 96.33M shares 99.70M shares
Diluted Shares Outstanding 97.70M 101.7M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.90M $37.70M $59.70M
YoY Change 8.24% -36.85% 38.19%
Cash & Equivalents $70.90M $37.70M $59.70M
Short-Term Investments
Other Short-Term Assets $87.20M $74.50M $96.90M
YoY Change -6.44% -23.12% 53.57%
Inventory $290.1M $300.7M $260.3M
Prepaid Expenses
Receivables $233.5M $255.6M $236.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $681.7M $668.5M $653.1M
YoY Change 3.85% 2.36% 11.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.238B $1.178B $995.3M
YoY Change 16.0% 18.34% 15.98%
Goodwill $53.60M
YoY Change -1.83%
Intangibles
YoY Change
Long-Term Investments $34.20M $24.30M $22.30M
YoY Change 46.78% 8.97% 1.83%
Other Assets $22.50M $28.80M $15.80M
YoY Change -19.64% 82.28% -6.51%
Total Long-Term Assets $1.355B $1.291B $1.108B
YoY Change 14.83% 16.51% 12.78%
TOTAL ASSETS
Total Short-Term Assets $681.7M $668.5M $653.1M
Total Long-Term Assets $1.355B $1.291B $1.108B
Total Assets $2.036B $1.960B $1.761B
YoY Change 10.91% 11.26% 12.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.0M $131.2M $108.3M
YoY Change 28.77% 21.14% 3.84%
Accrued Expenses $134.3M $125.7M $130.2M
YoY Change 3.47% -3.46% 20.44%
Deferred Revenue
YoY Change
Short-Term Debt $1.300M $0.00 $0.00
YoY Change
Long-Term Debt Due $1.300M $2.800M $4.800M
YoY Change -56.67% -41.67% -71.93%
Total Short-Term Liabilities $310.6M $259.7M $243.3M
YoY Change 15.59% 6.74% 6.01%
LONG-TERM LIABILITIES
Long-Term Debt $415.0M $430.0M $262.0M
YoY Change 42.12% 64.12% -6.19%
Other Long-Term Liabilities $122.2M $142.9M $136.3M
YoY Change 6.26% 4.84% 24.82%
Total Long-Term Liabilities $537.2M $572.9M $398.3M
YoY Change 31.99% 43.84% 264.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $310.6M $259.7M $243.3M
Total Long-Term Liabilities $537.2M $572.9M $398.3M
Total Liabilities $886.5M $832.6M $641.6M
YoY Change 31.2% 29.77% 3.82%
SHAREHOLDERS EQUITY
Retained Earnings $845.5M $589.0M
YoY Change 32.92% 43.2%
Common Stock $679.5M $645.9M
YoY Change 5.63% 5.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $305.4M $97.60M
YoY Change 135.47% 148.98%
Treasury Stock Shares $9.300M 4.300M shares
Shareholders Equity $1.150B $1.127B $1.120B
YoY Change
Total Liabilities & Shareholders Equity $2.036B $1.960B $1.761B
YoY Change 10.91% 11.26% 12.41%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $52.90M $55.80M $48.70M
YoY Change 12.31% 14.58% 22.36%
Depreciation, Depletion And Amortization $18.60M $17.80M $14.70M
YoY Change 12.73% 21.09% 0.0%
Cash From Operating Activities $126.2M $81.50M $87.70M
YoY Change 63.9% -7.07% 14.34%
INVESTING ACTIVITIES
Capital Expenditures -$65.70M -$75.20M -$41.10M
YoY Change 6.31% 82.97% -36.28%
Acquisitions
YoY Change
Other Investing Activities -$10.30M $0.00
YoY Change
Cash From Investing Activities -$76.00M -$75.20M -$41.10M
YoY Change 22.98% 82.97% -36.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.60M -9.100M -45.70M
YoY Change 48.57% -80.09% 1284.85%
NET CHANGE
Cash From Operating Activities 126.2M 81.50M 87.70M
Cash From Investing Activities -76.00M -75.20M -41.10M
Cash From Financing Activities -15.60M -9.100M -45.70M
Net Change In Cash 34.60M -2.800M 900.0K
YoY Change 636.17% -411.11% -89.89%
FREE CASH FLOW
Cash From Operating Activities $126.2M $81.50M $87.70M
Capital Expenditures -$65.70M -$75.20M -$41.10M
Free Cash Flow $191.9M $156.7M $128.8M
YoY Change 38.26% 21.66% -8.78%

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