2013 Form 10-K Financial Statement
#000087471614000004 Filed on February 18, 2014
Income Statement
| Concept | 2013 | 2012 | 2011 |
|---|---|---|---|
| Revenue | $1.377B | $1.293B | $1.219B |
| YoY Change | 6.48% | 6.12% | 10.45% |
| Cost Of Revenue | $620.9M | $594.2M | $572.2M |
| YoY Change | 4.49% | 3.84% | 9.03% |
| Gross Profit | $756.1M | $699.1M | $646.5M |
| YoY Change | 8.15% | 8.14% | 11.74% |
| Gross Profit Margin | 54.91% | 54.06% | 53.05% |
| Selling, General & Admin | $401.4M | $354.6M | $334.2M |
| YoY Change | 13.2% | 6.1% | 9.18% |
| % of Gross Profit | 53.09% | 50.72% | 51.69% |
| Research & Development | $88.00M | $82.00M | $76.00M |
| YoY Change | 7.32% | 7.89% | 10.79% |
| % of Gross Profit | 11.64% | 11.73% | 11.76% |
| Depreciation & Amortization | $54.60M | $52.40M | $48.20M |
| YoY Change | 4.2% | 8.71% | 4.78% |
| % of Gross Profit | 7.22% | 7.5% | 7.46% |
| Operating Expenses | $489.4M | $436.6M | $410.3M |
| YoY Change | 12.09% | 6.41% | 9.5% |
| Operating Profit | $266.7M | $262.5M | $236.2M |
| YoY Change | 1.6% | 11.13% | 15.84% |
| Interest Expense | -$3.500M | -$1.900M | -$1.800M |
| YoY Change | 84.21% | 5.56% | 0.0% |
| % of Operating Profit | -1.31% | -0.72% | -0.76% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $263.3M | $260.6M | $234.4M |
| YoY Change | 1.04% | 11.18% | 15.98% |
| Income Tax | $75.50M | $82.30M | $72.70M |
| % Of Pretax Income | 28.67% | 31.58% | 31.02% |
| Net Earnings | $187.8M | $178.3M | $161.8M |
| YoY Change | 5.33% | 10.2% | 14.51% |
| Net Earnings / Revenue | 13.64% | 13.79% | 13.28% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $1.739M | $1.588M | $1.390M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 53.16M | 54.99M | 56.79M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 | 2012 | 2011 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $279.1M | $224.0M | $183.9M |
| YoY Change | 24.6% | 21.81% | 17.21% |
| Cash & Equivalents | $279.1M | $224.0M | $183.9M |
| Short-Term Investments | |||
| Other Short-Term Assets | $82.20M | $66.30M | $66.00M |
| YoY Change | 23.98% | 0.45% | 18.49% |
| Inventory | $133.4M | $140.9M | $133.1M |
| Prepaid Expenses | |||
| Receivables | $158.0M | $138.3M | $141.3M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $652.7M | $569.5M | $524.2M |
| YoY Change | 14.61% | 8.64% | 13.81% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $281.2M | $245.2M | $216.8M |
| YoY Change | 14.68% | 13.1% | 7.49% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $57.20M | $51.10M | $48.00M |
| YoY Change | 11.94% | 6.46% | 60.0% |
| Total Long-Term Assets | $577.8M | $534.1M | $506.6M |
| YoY Change | 8.18% | 5.43% | 16.06% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $652.7M | $569.5M | $524.2M |
| Total Long-Term Assets | $577.8M | $534.1M | $506.6M |
| Total Assets | $1.231B | $1.104B | $1.031B |
| YoY Change | 11.5% | 7.06% | 14.9% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $29.90M | $35.30M | $36.60M |
| YoY Change | -15.3% | -3.55% | 61.23% |
| Accrued Expenses | $127.5M | $132.9M | $123.7M |
| YoY Change | -4.06% | 7.44% | 16.37% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $277.0M | $212.0M | $243.0M |
| YoY Change | 30.66% | -12.76% | 88.37% |
| Long-Term Debt Due | $1.000M | $1.100M | $900.0K |
| YoY Change | -9.09% | 22.22% | 0.0% |
| Total Short-Term Liabilities | $478.4M | $406.3M | $436.9M |
| YoY Change | 17.75% | -7.0% | 53.24% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $150.4M | $1.400M | $2.500M |
| YoY Change | 10642.86% | -44.0% | -26.47% |
| Other Long-Term Liabilities | $49.60M | $36.60M | $28.60M |
| YoY Change | 35.52% | 27.97% | 82.17% |
| Total Long-Term Liabilities | $200.0M | $38.00M | $31.10M |
| YoY Change | 426.32% | 22.19% | 62.83% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $478.4M | $406.3M | $436.9M |
| Total Long-Term Liabilities | $200.0M | $38.00M | $31.10M |
| Total Liabilities | $712.3M | $467.4M | $491.2M |
| YoY Change | 52.4% | -4.85% | 52.12% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $518.2M | $636.2M | $539.6M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.231B | $1.104B | $1.031B |
| YoY Change | 11.5% | 7.06% | 14.9% |
Cashflow Statement
| Concept | 2013 | 2012 | 2011 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $187.8M | $178.3M | $161.8M |
| YoY Change | 5.33% | 10.2% | 14.51% |
| Depreciation, Depletion And Amortization | $54.60M | $52.40M | $48.20M |
| YoY Change | 4.2% | 8.71% | 4.78% |
| Cash From Operating Activities | $246.0M | $222.4M | $217.9M |
| YoY Change | 10.61% | 2.07% | 21.87% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $77.61M | $57.62M | $49.68M |
| YoY Change | 34.7% | 15.99% | -226.4% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$7.400M | $400.0K | -$43.50M |
| YoY Change | -1950.0% | -100.92% | 1015.38% |
| Cash From Investing Activities | -$86.10M | -$58.10M | -$94.20M |
| YoY Change | 48.19% | -38.32% | 118.06% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -102.5M | -125.3M | -97.70M |
| YoY Change | -18.2% | 28.25% | 12.56% |
| NET CHANGE | |||
| Cash From Operating Activities | 246.0M | 222.4M | 217.9M |
| Cash From Investing Activities | -86.10M | -58.10M | -94.20M |
| Cash From Financing Activities | -102.5M | -125.3M | -97.70M |
| Net Change In Cash | 57.40M | 39.00M | 26.00M |
| YoY Change | 47.18% | 50.0% | -46.72% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $246.0M | $222.4M | $217.9M |
| Capital Expenditures | $77.61M | $57.62M | $49.68M |
| Free Cash Flow | $168.4M | $164.8M | $168.2M |
| YoY Change | 2.19% | -2.05% | -22.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
57618000 | |
| CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
77612000 | |
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53159000 | |
| CY2011 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
49677000 |
