2016 Q2 Form 10-Q Financial Statement

#000103764616000062 Filed on July 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $608.3M $582.1M
YoY Change 4.51% -4.4%
Cost Of Revenue $77.39M $76.02M
YoY Change 1.8% -6.09%
Gross Profit $347.6M $322.9M
YoY Change 7.64% -1.6%
Gross Profit Margin 57.14% 55.48%
Selling, General & Admin $187.8M $174.8M
YoY Change 7.43% -4.53%
% of Gross Profit 54.03% 54.13%
Research & Development $30.70M $29.79M
YoY Change 3.04% -7.26%
% of Gross Profit 8.83% 9.23%
Depreciation & Amortization $16.70M $16.10M
YoY Change 3.73% 1.9%
% of Gross Profit 4.8% 4.99%
Operating Expenses $218.5M $204.6M
YoY Change 6.79% -4.94%
Operating Profit $129.1M $118.3M
YoY Change 9.1% 4.75%
Interest Expense $6.872M $6.942M
YoY Change -1.01% 16.55%
% of Operating Profit 5.32% 5.87%
Other Income/Expense, Net -$8.173M $33.00K
YoY Change -24866.67% -108.13%
Pretax Income $103.2M $102.0M
YoY Change 1.1% 4.77%
Income Tax $23.58M $24.49M
% Of Pretax Income 22.86% 24.0%
Net Earnings $79.59M $77.56M
YoY Change 2.62% 4.78%
Net Earnings / Revenue 13.08% 13.32%
Basic Earnings Per Share $2.99 $2.79
Diluted Earnings Per Share $2.93 $2.73
COMMON SHARES
Basic Shares Outstanding 26.63M shares 27.84M shares
Diluted Shares Outstanding 27.14M shares 28.46M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.6M $149.3M
YoY Change -23.24% 34.5%
Cash & Equivalents $114.6M $149.3M
Short-Term Investments
Other Short-Term Assets $143.6M $137.6M
YoY Change 4.36% 11.51%
Inventory $234.0M $223.3M
Prepaid Expenses
Receivables $408.0M $402.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $900.3M $912.7M
YoY Change -1.36% 2.96%
LONG-TERM ASSETS
Property, Plant & Equipment $514.3M $522.2M
YoY Change -1.51% 0.06%
Goodwill $444.3M $442.5M
YoY Change 0.41% -3.34%
Intangibles $114.0M $109.7M
YoY Change 3.96% -4.03%
Long-Term Investments
YoY Change
Other Assets $65.94M $82.72M
YoY Change -20.28% -41.35%
Total Long-Term Assets $1.161B $1.184B
YoY Change -1.93% -5.79%
TOTAL ASSETS
Total Short-Term Assets $900.3M $912.7M
Total Long-Term Assets $1.161B $1.184B
Total Assets $2.062B $2.097B
YoY Change -1.68% -2.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $131.9M $138.6M
YoY Change -4.84% -1.08%
Accrued Expenses $120.3M $122.1M
YoY Change -1.46% 3.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.90M $23.40M
YoY Change -10.68% -80.71%
Total Short-Term Liabilities $591.1M $579.5M
YoY Change 2.0% -9.5%
LONG-TERM LIABILITIES
Long-Term Debt $693.3M $605.1M
YoY Change 14.56% 75.22%
Other Long-Term Liabilities $207.4M $202.8M
YoY Change 2.25% 7.76%
Total Long-Term Liabilities $900.6M $808.0M
YoY Change 11.47% 51.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $591.1M $579.5M
Total Long-Term Liabilities $900.6M $808.0M
Total Liabilities $1.570B $1.443B
YoY Change 8.81% 16.75%
SHAREHOLDERS EQUITY
Retained Earnings $2.835B $2.489B
YoY Change 13.89% 15.1%
Common Stock $716.4M $679.1M
YoY Change 5.49% 1.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.776B $2.316B
YoY Change 19.86% 22.63%
Treasury Stock Shares 18.30M shares 17.09M shares
Shareholders Equity $492.0M $654.3M
YoY Change
Total Liabilities & Shareholders Equity $2.062B $2.097B
YoY Change -1.68% -2.17%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $79.59M $77.56M
YoY Change 2.62% 4.78%
Depreciation, Depletion And Amortization $16.70M $16.10M
YoY Change 3.73% 1.9%
Cash From Operating Activities $109.7M $105.2M
YoY Change 4.28% -2.77%
INVESTING ACTIVITIES
Capital Expenditures -$14.60M -$17.40M
YoY Change -16.09% -14.71%
Acquisitions
YoY Change
Other Investing Activities -$900.0K -$4.500M
YoY Change -80.0% 73.08%
Cash From Investing Activities -$15.50M -$21.80M
YoY Change -28.9% -5.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -88.40M -9.600M
YoY Change 820.83% -89.35%
NET CHANGE
Cash From Operating Activities 109.7M 105.2M
Cash From Investing Activities -15.50M -21.80M
Cash From Financing Activities -88.40M -9.600M
Net Change In Cash 5.800M 73.80M
YoY Change -92.14% -1606.12%
FREE CASH FLOW
Cash From Operating Activities $109.7M $105.2M
Capital Expenditures -$14.60M -$17.40M
Free Cash Flow $124.3M $122.6M
YoY Change 1.39% -4.67%

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