2016 Q2 Form 10-Q Financial Statement

#000119312516666848 Filed on August 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q4 2015 Q2
Revenue $546.6M $593.2M $620.6M
YoY Change -11.92% -6.42% 6.52%
Cost Of Revenue $27.90M $25.10M $29.00M
YoY Change -3.79% -22.53% -8.52%
Gross Profit $518.8M $579.9M $591.6M
YoY Change -12.31% -6.01% 7.39%
Gross Profit Margin 94.91% 97.75% 95.33%
Selling, General & Admin $394.9M $429.8M $1.381B
YoY Change -71.41% 5.52% 213.55%
% of Gross Profit 76.12% 74.12% 233.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.600M $10.90M $9.900M
YoY Change -13.13% 25.29% 4.21%
% of Gross Profit 1.66% 1.88% 1.67%
Operating Expenses $405.5M $440.5M $1.393B
YoY Change -70.89% 5.56% 208.25%
Operating Profit $113.2M $139.3M -$801.4M
YoY Change -114.13% -30.18% -909.63%
Interest Expense $11.96M $11.50M
YoY Change 4.04% -26.81%
% of Operating Profit 10.56%
Other Income/Expense, Net $10.33M $9.938M
YoY Change 3.92% -7.2%
Pretax Income $113.2M $139.3M -$801.4M
YoY Change -114.13% -30.21% -909.49%
Income Tax $31.87M -$16.00M -$1.177B
% Of Pretax Income 28.16% -11.49%
Net Earnings $80.36M $157.8M $374.1M
YoY Change -78.52% -8.47% 339.14%
Net Earnings / Revenue 14.7% 26.6% 60.28%
Basic Earnings Per Share $0.64 $1.26 $2.96
Diluted Earnings Per Share $0.61 $1.18 $2.82
COMMON SHARES
Basic Shares Outstanding 125.5M 126.2M shares
Diluted Shares Outstanding 132.3M 132.8M shares

Balance Sheet

Concept 2016 Q2 2015 Q4 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.347B $1.557B $1.023B
YoY Change 31.75% 18.16% -4.82%
Cash & Equivalents $646.5M $1.132B $701.2M
Short-Term Investments
Other Short-Term Assets $33.50M $34.90M $33.70M
YoY Change -0.59% -66.44% -50.22%
Inventory
Prepaid Expenses
Receivables $403.0M $423.8M $443.7M
Other Receivables $92.30M $73.40M $57.80M
Total Short-Term Assets $1.843B $2.054B $1.524B
YoY Change 20.9% 3.78% -5.84%
LONG-TERM ASSETS
Property, Plant & Equipment $201.9M $207.2M $213.7M
YoY Change -5.53% -6.92% -9.54%
Goodwill $322.9M $320.8M $326.8M
YoY Change -1.19% -4.37% -7.16%
Intangibles
YoY Change
Long-Term Investments $491.3M $541.9M $557.8M
YoY Change -11.92% 6868.88% 6877.73%
Other Assets $1.123B $1.131B $1.255B
YoY Change -10.51% 1607.85%
Total Long-Term Assets $2.373B $2.424B $2.628B
YoY Change -9.7% 80.05% 79.89%
TOTAL ASSETS
Total Short-Term Assets $1.843B $2.054B $1.524B
Total Long-Term Assets $2.373B $2.424B $2.628B
Total Assets $4.216B $4.478B $4.152B
YoY Change 1.53% 34.66% 34.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $721.2M $506.7M $375.8M
YoY Change 91.91% 60.04% -6.28%
Accrued Expenses $270.5M $570.4M $387.5M
YoY Change -30.19% -22.81% -7.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $991.7M $1.077B $763.3M
YoY Change 29.92% 1.15% -13.72%
LONG-TERM LIABILITIES
Long-Term Debt $998.5M $998.4M $1.008B
YoY Change -0.98% -5.85% -5.13%
Other Long-Term Liabilities $1.011B $1.024B $1.511B
YoY Change -33.08% 235.05% 167.26%
Total Long-Term Liabilities $2.010B $2.022B $2.519B
YoY Change -20.23% 48.05% 54.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $991.7M $1.077B $763.3M
Total Long-Term Liabilities $2.010B $2.022B $2.519B
Total Liabilities $3.011B $3.110B $3.283B
YoY Change -8.26% 21.4% 30.64%
SHAREHOLDERS EQUITY
Retained Earnings $998.1M $1.124B $664.0M
YoY Change 50.32% 141.84% 132.59%
Common Stock $569.2M $600.0M $527.5M
YoY Change 7.91% -14.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.146B $1.313B $810.2M
YoY Change
Total Liabilities & Shareholders Equity $4.216B $4.478B $4.152B
YoY Change 1.53% 34.38% 34.83%

Cashflow Statement

Concept 2016 Q2 2015 Q4 2015 Q2
OPERATING ACTIVITIES
Net Income $80.36M $157.8M $374.1M
YoY Change -78.52% -8.47% 339.14%
Depreciation, Depletion And Amortization $8.600M $10.90M $9.900M
YoY Change -13.13% 25.29% 4.21%
Cash From Operating Activities $118.2M $367.9M $176.3M
YoY Change -32.96% 14.75% 132.59%
INVESTING ACTIVITIES
Capital Expenditures -$5.600M -$8.100M -$9.300M
YoY Change -39.78% 1.25% 257.69%
Acquisitions
YoY Change
Other Investing Activities $100.0K $200.0K $300.0K
YoY Change -66.67% -81.82% 200.0%
Cash From Investing Activities -$5.600M -$8.000M -$9.100M
YoY Change -38.46% 14.29% 250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.8M -70.20M -86.80M
YoY Change 80.65% 78.63% 54.45%
NET CHANGE
Cash From Operating Activities 118.2M 367.9M 176.3M
Cash From Investing Activities -5.600M -8.000M -9.100M
Cash From Financing Activities -156.8M -70.20M -86.80M
Net Change In Cash -44.20M 289.7M 80.40M
YoY Change -154.98% 5.61% 372.94%
FREE CASH FLOW
Cash From Operating Activities $118.2M $367.9M $176.3M
Capital Expenditures -$5.600M -$8.100M -$9.300M
Free Cash Flow $123.8M $376.0M $185.6M
YoY Change -33.3% 14.42% 136.73%

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