2016 Q1 Form 10-Q Financial Statement

#000075000416000028 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $682.0M $658.7M
YoY Change 3.54% 69.72%
Cost Of Revenue $256.3M $255.4M
YoY Change 0.35% 39.72%
Gross Profit $425.7M $403.3M
YoY Change 5.55% 96.44%
Gross Profit Margin 62.42% 61.23%
Selling, General & Admin $142.3M $145.9M
YoY Change -2.47% 58.93%
% of Gross Profit 33.43% 36.18%
Research & Development $49.80M $46.90M
YoY Change 6.18% 81.08%
% of Gross Profit 11.7% 11.63%
Depreciation & Amortization $180.6M $184.2M
YoY Change -1.95% 95.75%
% of Gross Profit 42.42% 45.67%
Operating Expenses $192.1M $192.8M
YoY Change -0.36% 63.81%
Operating Profit $50.30M $18.10M
YoY Change 177.9% -249.59%
Interest Expense $165.7M $164.3M
YoY Change 0.85% 243.01%
% of Operating Profit 329.42% 907.73%
Other Income/Expense, Net $700.0K -$5.600M
YoY Change -112.5% -293.1%
Pretax Income -$111.5M -$148.7M
YoY Change -25.02% 300.81%
Income Tax -$19.20M -$62.30M
% Of Pretax Income
Net Earnings -$92.30M -$86.40M
YoY Change 6.83% 92.0%
Net Earnings / Revenue -13.53% -13.12%
Basic Earnings Per Share -$1.07 -$1.01
Diluted Earnings Per Share -$1.07 -$1.01
COMMON SHARES
Basic Shares Outstanding 86.60M shares 85.30M shares
Diluted Shares Outstanding 86.60M shares 85.30M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.7M $151.2M
YoY Change -3.64% -10.59%
Cash & Equivalents $145.7M $151.2M
Short-Term Investments
Other Short-Term Assets $145.9M $260.8M
YoY Change -44.06% 76.81%
Inventory $259.9M $261.8M
Prepaid Expenses
Receivables $472.1M $463.8M
Other Receivables $161.8M $168.1M
Total Short-Term Assets $1.185B $1.333B
YoY Change -11.09% 39.85%
LONG-TERM ASSETS
Property, Plant & Equipment $734.8M $967.7M
YoY Change -24.07% 26.4%
Goodwill $3.012B $4.031B
YoY Change -25.28% 238.63%
Intangibles $1.946B $2.204B
YoY Change -11.69% 329.74%
Long-Term Investments $231.7M $267.8M
YoY Change -13.48% -16.05%
Other Assets $47.60M $249.0M
YoY Change -80.88% 97.78%
Total Long-Term Assets $6.505B $8.370B
YoY Change -22.28% 153.12%
TOTAL ASSETS
Total Short-Term Assets $1.185B $1.333B
Total Long-Term Assets $6.505B $8.370B
Total Assets $7.691B $9.703B
YoY Change -20.74% 127.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.5M $133.8M
YoY Change 25.93% 23.32%
Accrued Expenses $450.6M $462.1M
YoY Change -2.49% 53.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $50.00M $50.40M
YoY Change -0.79% 53.19%
Total Short-Term Liabilities $669.1M $646.3M
YoY Change 3.53% 45.86%
LONG-TERM LIABILITIES
Long-Term Debt $8.137B $8.448B
YoY Change -3.68% 166.64%
Other Long-Term Liabilities $253.6M $238.1M
YoY Change 6.51% 9.47%
Total Long-Term Liabilities $253.6M $238.1M
YoY Change 6.51% 9.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $669.1M $646.3M
Total Long-Term Liabilities $253.6M $238.1M
Total Liabilities $9.275B $9.893B
YoY Change -6.25% 148.93%
SHAREHOLDERS EQUITY
Retained Earnings -$1.957B -$557.1M
YoY Change 251.34% 97.97%
Common Stock $772.2M $746.6M
YoY Change 3.43% 3.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $175.2M $175.2M
YoY Change 0.0% 0.0%
Treasury Stock Shares 17.20M shares 17.20M shares
Shareholders Equity -$1.584B -$189.4M
YoY Change
Total Liabilities & Shareholders Equity $7.691B $9.703B
YoY Change -20.74% 127.77%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$92.30M -$86.40M
YoY Change 6.83% 92.0%
Depreciation, Depletion And Amortization $180.6M $184.2M
YoY Change -1.95% 95.75%
Cash From Operating Activities $101.1M $77.80M
YoY Change 29.95% -6.6%
INVESTING ACTIVITIES
Capital Expenditures $30.30M $48.30M
YoY Change -37.27% 95.55%
Acquisitions $0.00
YoY Change
Other Investing Activities -$1.500M $0.00
YoY Change -100.0%
Cash From Investing Activities -$48.20M -$68.30M
YoY Change -29.43% 520.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $12.50M $12.00M
YoY Change 4.17% 90.48%
Cash From Financing Activities -$37.10M -26.70M
YoY Change 38.95% -52.74%
NET CHANGE
Cash From Operating Activities $101.1M 77.80M
Cash From Investing Activities -$48.20M -68.30M
Cash From Financing Activities -$37.10M -26.70M
Net Change In Cash $15.80M -17.20M
YoY Change -191.86% -208.86%
FREE CASH FLOW
Cash From Operating Activities $101.1M $77.80M
Capital Expenditures $30.30M $48.30M
Free Cash Flow $70.80M $29.50M
YoY Change 140.0% -49.66%

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