2016 Q2 Form 10-Q Financial Statement

#000162828016017871 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $3.902B $3.689B
YoY Change 5.77% 5.88%
Cost Of Revenue $3.315B $3.136B
YoY Change 5.71% 5.87%
Gross Profit $587.0M $553.0M
YoY Change 6.15% 5.94%
Gross Profit Margin 15.04% 14.99%
Selling, General & Admin $168.0M $152.0M
YoY Change 10.53% -4.4%
% of Gross Profit 28.62% 27.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.00M $32.00M
YoY Change -6.25% -31.91%
% of Gross Profit 5.11% 5.79%
Operating Expenses $198.0M $184.0M
YoY Change 7.61% -10.68%
Operating Profit $389.0M $369.0M
YoY Change 5.42% 16.77%
Interest Expense $57.00M $42.00M
YoY Change 35.71% 40.0%
% of Operating Profit 14.65% 11.38%
Other Income/Expense, Net $0.00 $20.00M
YoY Change -100.0% 566.67%
Pretax Income $344.0M $355.0M
YoY Change -3.1% 24.56%
Income Tax $97.00M $115.0M
% Of Pretax Income 28.2% 32.39%
Net Earnings $247.0M $240.0M
YoY Change 2.92% 25.0%
Net Earnings / Revenue 6.33% 6.51%
Basic Earnings Per Share $0.97 $0.88
Diluted Earnings Per Share $0.96 $0.87
COMMON SHARES
Basic Shares Outstanding 254.3M shares 272.4M shares
Diluted Shares Outstanding 258.0M shares 277.3M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $679.0M $140.0M
YoY Change 385.0% -27.08%
Cash & Equivalents $679.0M $140.0M
Short-Term Investments
Other Short-Term Assets $26.00M $56.00M
YoY Change -53.57% 100.0%
Inventory
Prepaid Expenses $71.00M $68.00M
Receivables $1.152B $1.188B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.959B $1.906B
YoY Change 2.78% 24.01%
LONG-TERM ASSETS
Property, Plant & Equipment $1.056B $987.0M
YoY Change 6.99% -40.07%
Goodwill $947.0M $962.0M
YoY Change -1.56% 7.61%
Intangibles $1.473B $1.452B
YoY Change 1.45%
Long-Term Investments $179.0M $216.0M
YoY Change -17.13% -5.68%
Other Assets $223.0M $247.0M
YoY Change -9.72% -29.83%
Total Long-Term Assets $4.691B $4.415B
YoY Change 6.25% -16.59%
TOTAL ASSETS
Total Short-Term Assets $1.959B $1.906B
Total Long-Term Assets $4.691B $4.415B
Total Assets $6.650B $6.321B
YoY Change 5.2% -7.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $621.0M $640.0M
YoY Change -2.97% 3.73%
Accrued Expenses $1.328B $1.430B
YoY Change -7.13% 1.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $303.0M $614.0M
YoY Change -50.65% 8671.43%
Total Short-Term Liabilities $3.244B $3.517B
YoY Change -7.76% 30.74%
LONG-TERM LIABILITIES
Long-Term Debt $4.057B $3.303B
YoY Change 22.83% -2.77%
Other Long-Term Liabilities $1.091B $927.0M
YoY Change 17.69% 2.09%
Total Long-Term Liabilities $1.091B $927.0M
YoY Change 17.69% 2.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.244B $3.517B
Total Long-Term Liabilities $1.091B $927.0M
Total Liabilities $4.335B $4.444B
YoY Change -2.45% 23.51%
SHAREHOLDERS EQUITY
Retained Earnings $5.185B $4.573B
YoY Change 13.38% 13.47%
Common Stock $2.792B $2.786B
YoY Change 0.22% 2.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.27B $10.30B
YoY Change 9.34% 22.33%
Treasury Stock Shares
Shareholders Equity -$3.462B -$3.033B
YoY Change
Total Liabilities & Shareholders Equity $6.650B $6.321B
YoY Change 5.2% -7.45%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $247.0M $240.0M
YoY Change 2.92% 25.0%
Depreciation, Depletion And Amortization $30.00M $32.00M
YoY Change -6.25% -31.91%
Cash From Operating Activities $468.0M $490.0M
YoY Change -4.49% 0.62%
INVESTING ACTIVITIES
Capital Expenditures -$36.00M -$84.00M
YoY Change -57.14% -11.58%
Acquisitions
YoY Change
Other Investing Activities $28.00M $458.0M
YoY Change -93.89% -452.31%
Cash From Investing Activities -$8.000M $374.0M
YoY Change -102.14% -266.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 120.0M -844.0M
YoY Change -114.22% 232.28%
NET CHANGE
Cash From Operating Activities 468.0M 490.0M
Cash From Investing Activities -8.000M 374.0M
Cash From Financing Activities 120.0M -844.0M
Net Change In Cash 580.0M 20.00M
YoY Change 2800.0% 150.0%
FREE CASH FLOW
Cash From Operating Activities $468.0M $490.0M
Capital Expenditures -$36.00M -$84.00M
Free Cash Flow $504.0M $574.0M
YoY Change -12.2% -1.37%

Facts In Submission

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us-gaap Management Fees Base Revenue
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Reimbursement Revenue
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us-gaap Treasury Stock Value Acquired Cost Method
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CY2016Q2 us-gaap Unrecognized Tax Benefits
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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280600000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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254300000 shares

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