2015 Q2 Form 10-Q Financial Statement

#000128941915000157 Filed on July 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $202.1M $189.4M
YoY Change 6.71% 7.96%
Cost Of Revenue $83.20M $81.50M
YoY Change 2.09% 26.5%
Gross Profit $118.9M $107.9M
YoY Change 10.19% -2.79%
Gross Profit Margin 58.83% 56.97%
Selling, General & Admin $52.90M $58.30M
YoY Change -9.26% 3.82%
% of Gross Profit 44.49% 54.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.30M $13.40M
YoY Change 21.64% 18.98%
% of Gross Profit 13.71% 12.42%
Operating Expenses $52.90M $58.30M
YoY Change -9.26% -17.08%
Operating Profit $49.70M -$24.80M
YoY Change -300.4% -156.9%
Interest Expense $100.0K $600.0K
YoY Change -83.33% -9.64%
% of Operating Profit 0.2%
Other Income/Expense, Net $600.0K $5.900M
YoY Change -89.83% 89.65%
Pretax Income $50.30M -$18.90M
YoY Change -366.14% -140.48%
Income Tax $18.70M -$8.600M
% Of Pretax Income 37.18%
Net Earnings $32.20M -$9.800M
YoY Change -428.57% -131.49%
Net Earnings / Revenue 15.93% -5.17%
Basic Earnings Per Share $0.73 -$0.22
Diluted Earnings Per Share $0.72 -$0.22
COMMON SHARES
Basic Shares Outstanding 44.30M shares 44.80M shares
Diluted Shares Outstanding 44.40M shares 44.80M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $258.6M $221.0M
YoY Change 17.01% -29.8%
Cash & Equivalents $225.6M $176.3M
Short-Term Investments $33.00M $44.70M
Other Short-Term Assets $22.40M $21.57M
YoY Change 3.87% -19.76%
Inventory
Prepaid Expenses
Receivables $143.9M $135.0M
Other Receivables $0.00 $18.60M
Total Short-Term Assets $435.4M $402.6M
YoY Change 8.15% -12.93%
LONG-TERM ASSETS
Property, Plant & Equipment $122.6M $109.9M
YoY Change 11.56% 15.02%
Goodwill $364.2M $388.8M
YoY Change -6.34% 20.97%
Intangibles
YoY Change
Long-Term Investments $34.90M $30.30M
YoY Change 15.18% -16.07%
Other Assets $7.000M $7.835M
YoY Change -10.66% -32.09%
Total Long-Term Assets $612.2M $648.6M
YoY Change -5.62% 12.48%
TOTAL ASSETS
Total Short-Term Assets $435.4M $402.6M
Total Long-Term Assets $612.2M $648.6M
Total Assets $1.048B $1.051B
YoY Change -0.34% 1.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.00M $97.30M
YoY Change -63.0% 104.41%
Accrued Expenses $58.90M $58.40M
YoY Change 0.86% 16.1%
Deferred Revenue
YoY Change
Short-Term Debt $35.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $305.0M $322.2M
YoY Change -5.33% 27.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.500M $10.52M
YoY Change -9.7% -51.77%
Total Long-Term Liabilities $9.500M $10.52M
YoY Change -9.7% -51.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $305.0M $322.2M
Total Long-Term Liabilities $9.500M $10.52M
Total Liabilities $377.7M $382.6M
YoY Change -1.27% 18.89%
SHAREHOLDERS EQUITY
Retained Earnings $686.4M $595.9M
YoY Change 15.18% 9.27%
Common Stock $569.0M $545.6M
YoY Change 4.28% 3.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $550.6M $484.6M
YoY Change 13.63% 37.46%
Treasury Stock Shares 8.605M shares 7.676M shares
Shareholders Equity $668.8M $667.6M
YoY Change
Total Liabilities & Shareholders Equity $1.048B $1.051B
YoY Change -0.34% 1.17%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $32.20M -$9.800M
YoY Change -428.57% -131.49%
Depreciation, Depletion And Amortization $16.30M $13.40M
YoY Change 21.64% 18.98%
Cash From Operating Activities $78.00M $54.80M
YoY Change 42.34% -6.16%
INVESTING ACTIVITIES
Capital Expenditures -$13.20M -$10.00M
YoY Change 32.0% 2.04%
Acquisitions
YoY Change
Other Investing Activities $1.100M -$48.70M
YoY Change -102.26% -11.78%
Cash From Investing Activities -$12.10M -$58.70M
YoY Change -79.39% -9.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.20M -25.50M
YoY Change 89.02% -45.4%
NET CHANGE
Cash From Operating Activities 78.00M 54.80M
Cash From Investing Activities -12.10M -58.70M
Cash From Financing Activities -48.20M -25.50M
Net Change In Cash 17.70M -29.40M
YoY Change -160.2% -44.74%
FREE CASH FLOW
Cash From Operating Activities $78.00M $54.80M
Capital Expenditures -$13.20M -$10.00M
Free Cash Flow $91.20M $64.80M
YoY Change 40.74% -4.99%

Facts In Submission

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us-gaap Costs And Expenses
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us-gaap Costs And Expenses
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13400000 USD
us-gaap Depreciation Depletion And Amortization
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25800000 USD
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16300000 USD
us-gaap Depreciation Depletion And Amortization
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31400000 USD
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us-gaap Effective Income Tax Rate Continuing Operations
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10800000 USD
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17900000 USD
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15100000 USD
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0
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7900000 USD
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17900000 USD
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43100000 USD
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P34Y
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2100000 USD
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1900000 USD
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2100000 USD
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P10Y
us-gaap Finite Lived Intangible Asset Useful Life
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P10Y
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168000000 USD
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177500000 USD
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17200000 USD
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10600000 USD
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12800000 USD
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261000000 USD
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95900000 USD
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83500000 USD
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0 USD
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us-gaap General And Administrative Expense
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56500000 USD
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27800000 USD
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53900000 USD
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us-gaap Goodwill Impairment Loss
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17900000 USD
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15100000 USD
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17900000 USD
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20500000 USD
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50300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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500000 USD
us-gaap Income Loss From Equity Method Investments
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1100000 USD
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600000 USD
us-gaap Income Loss From Equity Method Investments
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CY2014Q2 us-gaap Income Tax Expense Benefit
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18700000 USD
us-gaap Income Tax Expense Benefit
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33600000 USD
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5200000 USD
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61000000 USD
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us-gaap Income Taxes Paid Net
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14500000 USD
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6900000 USD
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19300000 USD
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8800000 USD
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15700000 USD
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2600000 USD
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19100000 USD
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300000 USD
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28800000 USD
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34900000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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400000 USD
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16900000 USD
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us-gaap Profit Loss
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us-gaap Profit Loss
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400000 USD
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us-gaap Selling And Marketing Expense
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25100000 USD
us-gaap Selling And Marketing Expense
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50500000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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30000000 USD
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35000000 USD
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CY2014Q4 us-gaap Trading Securities
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CY2015Q2 us-gaap Trading Securities
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us-gaap Trading Securities Unrealized Holding Gain Loss
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-200000 USD
CY2015Q2 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
200000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
300000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
8257214 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
8605118 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
524300000 USD
CY2015Q2 us-gaap Treasury Stock Value
TreasuryStockValue
550600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
27700000 USD
CY2014Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11900000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13400000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11900000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11300000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44400000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44800000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44300000 shares

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