2016 Q4 Form 10-Q Financial Statement

#000104360416000308 Filed on November 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.386B $1.285B $1.249B
YoY Change 5.0% 2.94% 10.9%
Cost Of Revenue $485.8M $451.2M
YoY Change 7.67% 9.75%
Gross Profit $857.7M $799.5M $797.4M
YoY Change 1.82% 0.26% 11.56%
Gross Profit Margin 61.9% 62.2% 63.86%
Selling, General & Admin $296.9M $292.4M
YoY Change 1.54% -3.88%
% of Gross Profit 37.14% 36.67%
Research & Development $251.8M $247.0M
YoY Change 1.94% -2.45%
% of Gross Profit 31.49% 30.98%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $549.5M $539.4M
YoY Change 1.87% -0.55%
Operating Profit $250.0M $258.0M
YoY Change -3.1% 49.65%
Interest Expense $25.10M $21.60M
YoY Change 16.2% 27.81%
% of Operating Profit 10.04% 8.37%
Other Income/Expense, Net -$13.40M -$8.400M
YoY Change 59.52% 23.53%
Pretax Income $272.1M $236.6M $249.6M
YoY Change 4.41% -5.21% 50.72%
Income Tax $64.20M $51.90M
% Of Pretax Income 27.13% 20.79%
Net Earnings $188.9M $172.4M $197.7M
YoY Change -4.5% -12.8% 90.83%
Net Earnings / Revenue 13.63% 13.41% 15.83%
Basic Earnings Per Share $0.50 $0.45 $0.52
Diluted Earnings Per Share $0.49 $0.45 $0.51
COMMON SHARES
Basic Shares Outstanding 380.3M shares 381.0M shares 382.8M shares
Diluted Shares Outstanding 384.5M shares 389.2M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.833B $1.689B $1.454B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $95.50M $106.2M $72.30M
Prepaid Expenses
Receivables $1.054B $753.6M $577.5M
Other Receivables
Total Short-Term Assets $3.972B $3.429B $2.898B
YoY Change 36.38% 18.33% -5.39%
LONG-TERM ASSETS
Property, Plant & Equipment $1.064B $1.067B $959.9M
YoY Change 4.19% 11.16% 8.0%
Goodwill $3.082B $3.048B $2.981B
YoY Change 3.37% 2.25% -23.79%
Intangibles $130.2M $113.2M $39.20M
YoY Change 284.07% 188.78% -56.83%
Long-Term Investments
YoY Change
Other Assets $237.2M $239.0M $329.9M
YoY Change -37.4% -27.55% 102.52%
Total Long-Term Assets $5.685B $5.716B $5.608B
YoY Change -0.19% 1.93% -13.8%
TOTAL ASSETS
Total Short-Term Assets $3.972B $3.429B $2.898B
Total Long-Term Assets $5.685B $5.716B $5.608B
Total Assets $9.657B $9.145B $8.506B
YoY Change 12.18% 7.52% -11.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $221.0M $208.4M $209.1M
YoY Change 38.73% -0.33% -13.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $299.9M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.736B $1.508B $1.735B
YoY Change -3.66% -13.06% 19.73%
LONG-TERM LIABILITIES
Long-Term Debt $2.134B $2.133B $1.649B
YoY Change 30.3% 29.38% 22.23%
Other Long-Term Liabilities $166.1M $140.5M $198.7M
YoY Change 169.64% -29.29% 145.61%
Total Long-Term Liabilities $2.300B $2.274B $1.847B
YoY Change 35.35% 23.07% 29.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.736B $1.508B $1.735B
Total Long-Term Liabilities $2.300B $2.274B $1.847B
Total Liabilities $4.694B $4.373B $4.078B
YoY Change 16.38% 7.23% 20.69%
SHAREHOLDERS EQUITY
Retained Earnings -$3.282B -$3.470B -$3.887B
YoY Change -12.28% -10.71% 31.15%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.963B
YoY Change
Total Liabilities & Shareholders Equity $9.657B $9.145B $8.506B
YoY Change 12.18% 7.52% -11.11%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $188.9M $172.4M $197.7M
YoY Change -4.5% -12.8% 90.83%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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5800000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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3300000 USD
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10200000 USD
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us-gaap Gross Profit
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100000 shares
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28900000 USD
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52100000 USD
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49100000 USD
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5600000 shares
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P1Y
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10800000 USD
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33200000 USD
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4300000 USD
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400000 USD
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3300000 USD
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5800000 USD
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100000 USD
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600000 USD
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300000 USD
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1100000 USD
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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300000 USD
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400000 USD
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3600000 USD
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1700000 USD
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us-gaap Repayments Of Long Term Debt
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us-gaap Selling And Marketing Expense
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P1Y4M24D
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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500000 shares
CY2015Q4 us-gaap Short Term Borrowings
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0 USD
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0 USD
us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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