2016 Q2 Form 10-Q Financial Statement

#000103797616000132 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.604B $1.374B
YoY Change 16.75% 7.54%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.448B $1.243B
YoY Change 16.47% 7.42%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.40M $25.50M
YoY Change 23.14% 11.84%
% of Gross Profit
Operating Expenses $1.490B $1.271B
YoY Change 17.25% 7.17%
Operating Profit $113.9M $103.0M
YoY Change 10.58% 12.32%
Interest Expense -$1.700M $7.558M
YoY Change -122.49% -1.38%
% of Operating Profit -1.49% 7.34%
Other Income/Expense, Net $13.30M
YoY Change
Pretax Income $125.5M $122.5M
YoY Change 2.45% 26.97%
Income Tax $31.10M $31.10M
% Of Pretax Income 24.78% 25.39%
Net Earnings $79.00M $90.30M
YoY Change -12.51% 25.52%
Net Earnings / Revenue 4.93% 6.57%
Basic Earnings Per Share $1.75 $2.01
Diluted Earnings Per Share $1.73 $1.98
COMMON SHARES
Basic Shares Outstanding 45.12M shares 44.87M shares
Diluted Shares Outstanding 45.57M shares 45.44M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $214.0M $191.0M
YoY Change 12.04% 26.49%
Cash & Equivalents $213.7M $191.0M
Short-Term Investments
Other Short-Term Assets $124.4M $34.63M
YoY Change 259.19% 257.93%
Inventory
Prepaid Expenses $74.50M $71.73M
Receivables $1.490B $1.305B
Other Receivables $548.0M $251.0M
Total Short-Term Assets $2.451B $1.985B
YoY Change 23.45% 8.23%
LONG-TERM ASSETS
Property, Plant & Equipment $432.4M $363.0M
YoY Change 19.12% 9.38%
Goodwill $2.263B $1.933B
YoY Change 17.04% -0.67%
Intangibles $233.7M $38.40M
YoY Change 508.59% -13.02%
Long-Term Investments $358.0M $333.0M
YoY Change 7.51% 12.5%
Other Assets $86.40M $61.96M
YoY Change 39.44% -67.85%
Total Long-Term Assets $3.891B $3.058B
YoY Change 27.22% 3.94%
TOTAL ASSETS
Total Short-Term Assets $2.451B $1.985B
Total Long-Term Assets $3.891B $3.058B
Total Assets $6.341B $5.043B
YoY Change 25.74% 5.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $661.0M $576.0M
YoY Change 14.76% 17.07%
Accrued Expenses $672.0M $663.0M
YoY Change 1.36% 20.77%
Deferred Revenue
YoY Change
Short-Term Debt $20.60M $22.15M
YoY Change -7.0% -10.46%
Long-Term Debt Due $21.00M $22.00M
YoY Change -4.55% -12.0%
Total Short-Term Liabilities $1.954B $1.623B
YoY Change 20.4% 11.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.081B $605.0M
YoY Change 78.68% -11.68%
Other Long-Term Liabilities $238.1M $114.5M
YoY Change 107.93% 17.48%
Total Long-Term Liabilities $238.1M $114.5M
YoY Change 107.93% 17.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.954B $1.623B
Total Long-Term Liabilities $238.1M $114.5M
Total Liabilities $3.525B $2.548B
YoY Change 38.31% 4.63%
SHAREHOLDERS EQUITY
Retained Earnings $2.135B $1.751B
YoY Change 21.91% 30.25%
Common Stock $1.005B $974.6M
YoY Change 3.09% 1.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.761B $2.465B
YoY Change
Total Liabilities & Shareholders Equity $6.341B $5.043B
YoY Change 25.74% 5.59%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $79.00M $90.30M
YoY Change -12.51% 25.52%
Depreciation, Depletion And Amortization $31.40M $25.50M
YoY Change 23.14% 11.84%
Cash From Operating Activities $54.10M $120.9M
YoY Change -55.25% 4.04%
INVESTING ACTIVITIES
Capital Expenditures -$46.50M -$26.20M
YoY Change 77.48% -23.62%
Acquisitions
YoY Change
Other Investing Activities $31.70M -$45.10M
YoY Change -170.29% 342.16%
Cash From Investing Activities -$14.80M -$71.20M
YoY Change -79.21% 59.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.80M -57.80M
YoY Change 8.65% -6.47%
NET CHANGE
Cash From Operating Activities 54.10M 120.9M
Cash From Investing Activities -14.80M -71.20M
Cash From Financing Activities -62.80M -57.80M
Net Change In Cash -23.50M -8.100M
YoY Change 190.12% -182.65%
FREE CASH FLOW
Cash From Operating Activities $54.10M $120.9M
Capital Expenditures -$46.50M -$26.20M
Free Cash Flow $100.6M $147.1M
YoY Change -31.61% -2.26%

Facts In Submission

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CY2014Q4 us-gaap Goodwill
Goodwill
1907900000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
1933300000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
2141500000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
2262700000 USD
us-gaap Goodwill Acquired During Period
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8700000 USD
us-gaap Goodwill Translation Adjustments
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-18600000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-31300000 USD
CY2016Q2 us-gaap Guarantee Obligations Maximum Exposure
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97100000 USD
CY2015Q2 us-gaap Impairment Of Real Estate
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600000 USD
us-gaap Impairment Of Real Estate
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4200000 USD
CY2016Q2 us-gaap Impairment Of Real Estate
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200000 USD
us-gaap Impairment Of Real Estate
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700000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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122500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
180500000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
125500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
159000000 USD
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IncomeLossFromEquityMethodInvestments
27100000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
38500000 USD
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IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
22200000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45800000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39400000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
70700000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
75100000 USD
CY2016Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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12900000 USD
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IntangibleAssetsNetExcludingGoodwill
38400000 USD
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IntangibleAssetsNetExcludingGoodwill
227200000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
233700000 USD
CY2016Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2496400000 USD
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-7600000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13600000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10900000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-19800000 USD
us-gaap Interest Paid
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10000000 USD
us-gaap Interest Paid
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16500000 USD
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113600000 USD
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CY2015Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
155200000 USD
CY2016Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
203800000 USD
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311500000 USD
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357800000 USD
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
1563100000 USD
CY2016Q2 us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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1738400000 USD
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18200000 USD
CY2016Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
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3524700000 USD
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LiabilitiesAndStockholdersEquity
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1954200000 USD
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265200000 USD
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245900000 USD
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135200000 USD
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183100000 USD
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LongTermDebt
272300000 USD
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
272500000 USD
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LongTermDebtFairValue
282000000 USD
CY2016Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
289000000 USD
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LongTermLineOfCredit
239600000 USD
CY2016Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
808500000 USD
CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
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LossContingencyAccrualAtCarryingValue
19200000 USD
CY2016Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
17800000 USD
us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
0 USD
us-gaap Loss Contingency Accrual Carrying Value Payments
LossContingencyAccrualCarryingValuePayments
5400000 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
2500000 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
5700000 USD
CY2015Q4 us-gaap Minority Interest
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29500000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
48300000 USD
us-gaap Minority Interest Change In Redemption Value
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us-gaap Minority Interest Period Increase Decrease
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3900000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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255600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
477500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-92300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-199100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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-282800000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
90300000 USD
us-gaap Net Income Loss
NetIncomeLoss
132200000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
79000000 USD
us-gaap Net Income Loss
NetIncomeLoss
104700000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1100000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2500000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
15400000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14900000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
90100000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
104500000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
119600000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
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267300000 USD
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302500000 USD
us-gaap Number Of Businesses Acquired
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16 acquisition
CY2015Q2 us-gaap Operating Expenses
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1270500000 USD
us-gaap Operating Expenses
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2421400000 USD
CY2016Q2 us-gaap Operating Expenses
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1489700000 USD
us-gaap Operating Expenses
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2797100000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
103000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
155600000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
113900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q4 us-gaap Other Assets Current
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CY2016Q2 us-gaap Other Assets Current
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124400000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
76100000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
86400000 USD
CY2015Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-900000 USD
CY2016Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
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CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
53700000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-55400000 USD
CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-49700000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-35900000 USD
CY2015Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
418100000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
805300000 USD
CY2016Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
520000000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
978200000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
200800000 USD
CY2016Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
207500000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
208500000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
238100000 USD
CY2015Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2016Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
13300000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
13300000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-397600000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-480500000 USD
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
41500000 USD
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
30600000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6800000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-41800000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
45400000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
114200000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
2800000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
5900000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
11800000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12300000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14200000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
41700000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
93000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
32300000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
63000000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
77800000 USD
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
74500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
955000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1693000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13600000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-57700000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-6800000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
5000000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
20300000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
29300000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
91400000 USD
us-gaap Profit Loss
ProfitLoss
134700000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
94400000 USD
us-gaap Profit Loss
ProfitLoss
119600000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
423300000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
432400000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
11100000 USD
CY2016Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
7400000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
625200000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1118000000 USD
us-gaap Restructuring Charges
RestructuringCharges
2600000 USD
us-gaap Restructuring Charges
RestructuringCharges
20000000 USD
CY2015Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1800000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2600000 USD
CY2016Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
10300000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
17900000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
7600000 USD
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
4300000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
8600000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
16800000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2044200000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2134700000 USD
CY2015Q2 us-gaap Revenues
Revenues
1373500000 USD
us-gaap Revenues
Revenues
2577000000 USD
CY2016Q2 us-gaap Revenues
Revenues
1603600000 USD
us-gaap Revenues
Revenues
2940400000 USD
CY2015Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
272300000 USD
CY2016Q2 us-gaap Senior Long Term Notes
SeniorLongTermNotes
272500000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
49200000 USD
CY2016Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
20600000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
700000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2688800000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
2760900000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2718300000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2809200000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
18100000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
7000000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
12200000 USD
CY2015Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
263100000 USD
CY2016Q2 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
243200000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45435000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45393000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45574000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45498000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44869000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44856000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45121000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45108000 shares
us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:130%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We account for the majority of our service contracts on a net basis. The presentation of expenses pursuant to these arrangements under either a gross or net basis has no impact on operating income, net income or cash flows.</font></div><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contracts accounted for on a gross basis resulted in certain costs reflected in both revenue and operating expenses (gross contract costs) of </font><font style="font-family:inherit;font-size:10pt;">$258.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$191.7 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$477.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$366.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize project and development management and construction management fees by applying the percentage of completion method of accounting. We use the costs incurred to total estimated costs method to determine the extent of progress towards completion.</font></div></div>
us-gaap Revenue Recognition Services Commissions
RevenueRecognitionServicesCommissions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize transaction commissions related to leasing services and capital markets services as revenue when we provide the related services, unless future contingencies exist.</font></div></div>
us-gaap Revenue Recognition Services Management Fees
RevenueRecognitionServicesManagementFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:130%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize advisory and management fees related to property and facility management services, valuation services, corporate property services, consulting services and investment management in the period in which we perform the related services.</font></div></div>

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