2014 Q4 Form 10-K Financial Statement

#000119312515066358 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $633.9M $612.7M $500.5M
YoY Change 3.47% 5.47% 11.36%
Cost Of Revenue $32.40M $34.70M $34.60M
YoY Change -6.63% 7.43% 2.37%
Gross Profit $617.0M $596.7M $465.9M
YoY Change 3.4% 8.77% 12.1%
Gross Profit Margin 97.33% 97.39% 93.08%
Selling, General & Admin $407.3M $453.6M $381.4M
YoY Change -10.21% -16.16% 6.36%
% of Gross Profit 66.01% 76.02% 81.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.700M $16.60M $9.800M
YoY Change -47.59% 56.6% -3.92%
% of Gross Profit 1.41% 2.78% 2.1%
Operating Expenses $417.3M $523.6M $384.8M
YoY Change -20.3% -5.45% 4.31%
Operating Profit $199.6M $73.15M $81.12M
YoY Change 172.84% -1507.62% 73.6%
Interest Expense $20.17M
YoY Change -2.37%
% of Operating Profit 24.86%
Other Income/Expense, Net $2.484M
YoY Change -68.26%
Pretax Income $199.6M $73.20M $81.10M
YoY Change 172.68% -1507.69% 73.66%
Income Tax $26.80M $20.40M $18.37M
% Of Pretax Income 13.43% 27.87% 22.65%
Net Earnings $172.4M $53.22M $60.28M
YoY Change 223.93% -1091.93% 81.02%
Net Earnings / Revenue 27.19% 8.69% 12.04%
Basic Earnings Per Share $1.41 $0.44 $0.49
Diluted Earnings Per Share $1.29 $0.40 $0.45
COMMON SHARES
Basic Shares Outstanding 122.2M shares
Diluted Shares Outstanding 134.2M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.318B $1.148B $1.021B
YoY Change 14.73% -4.93% -12.09%
Cash & Equivalents $1.067B $841.5M $688.4M
Short-Term Investments
Other Short-Term Assets $104.0M $46.12M $59.50M
YoY Change 125.52% 1.88% -3.88%
Inventory
Prepaid Expenses
Receivables $483.7M $452.5M $430.2M
Other Receivables $73.90M $60.20M $106.0M
Total Short-Term Assets $1.979B $1.722B $1.557B
YoY Change 14.97% 2.11% -5.38%
LONG-TERM ASSETS
Property, Plant & Equipment $222.6M $248.8M $249.8M
YoY Change -10.54% 10.56% 15.42%
Goodwill $335.4M $345.5M $350.6M
YoY Change -2.91% -5.18% -3.88%
Intangibles
YoY Change
Long-Term Investments $7.776M $9.488M $8.941M
YoY Change -18.04% 35.31% -97.97%
Other Assets $66.20M $9.200M
YoY Change 619.57%
Total Long-Term Assets $1.346B $1.290B $1.399B
YoY Change 4.38% -0.87% 3.71%
TOTAL ASSETS
Total Short-Term Assets $1.979B $1.722B $1.557B
Total Long-Term Assets $1.346B $1.290B $1.399B
Total Assets $3.325B $3.011B $2.956B
YoY Change 10.43% 0.81% -1.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $316.6M $275.4M $289.9M
YoY Change 14.96% 2.08% 10.56%
Accrued Expenses $739.0M $659.7M $382.1M
YoY Change 12.02% 41.08% 26.86%
Deferred Revenue
YoY Change
Short-Term Debt $9.300M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.065B $940.1M $676.7M
YoY Change 13.28% 26.87% 19.47%
LONG-TERM LIABILITIES
Long-Term Debt $1.060B $1.064B $1.093B
YoY Change -0.36% -2.79% -0.19%
Other Long-Term Liabilities $305.6M $256.8M $529.8M
YoY Change 19.0% -48.61% 6.02%
Total Long-Term Liabilities $1.366B $1.321B $1.623B
YoY Change 3.41% -17.15% 1.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.065B $940.1M $676.7M
Total Long-Term Liabilities $1.366B $1.321B $1.623B
Total Liabilities $2.562B $2.381B $2.299B
YoY Change 7.6% 1.96% 6.4%
SHAREHOLDERS EQUITY
Retained Earnings $464.7M $203.2M $219.3M
YoY Change 128.63% 11.27% -18.84%
Common Stock $702.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $706.7M $560.2M $582.8M
YoY Change
Total Liabilities & Shareholders Equity $3.332B $3.011B $2.956B
YoY Change 10.66% 0.81% -1.29%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $172.4M $53.22M $60.28M
YoY Change 223.93% -1091.93% 81.02%
Depreciation, Depletion And Amortization $8.700M $16.60M $9.800M
YoY Change -47.59% 56.6% -3.92%
Cash From Operating Activities $320.6M $358.8M $154.3M
YoY Change -10.65% 48.2% -24.84%
INVESTING ACTIVITIES
Capital Expenditures -$8.000M -$6.700M -$13.00M
YoY Change 19.4% -61.93% -42.98%
Acquisitions
YoY Change
Other Investing Activities $1.100M $600.0K $100.0K
YoY Change 83.33% -72.73% 0.0%
Cash From Investing Activities -$7.000M -$6.100M -$12.90M
YoY Change 14.75% -60.13% -43.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.30M -213.2M -66.60M
YoY Change -81.57% -1.2% -38.62%
NET CHANGE
Cash From Operating Activities 320.6M 358.8M 154.3M
Cash From Investing Activities -7.000M -6.100M -12.90M
Cash From Financing Activities -39.30M -213.2M -66.60M
Net Change In Cash 274.3M 139.5M 74.80M
YoY Change 96.63% 1168.18% 0.94%
FREE CASH FLOW
Cash From Operating Activities $320.6M $358.8M $154.3M
Capital Expenditures -$8.000M -$6.700M -$13.00M
Free Cash Flow $328.6M $365.5M $167.3M
YoY Change -10.1% 40.74% -26.65%

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