2013 Q2 Form 10-Q Financial Statement

#000119312513299706 Filed on July 24, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.347B $1.391B
YoY Change -3.16% -4.14%
Cost Of Revenue $1.080B $1.152B
YoY Change -6.25% -1.71%
Gross Profit $267.0M $239.0M
YoY Change 11.72% -14.34%
Gross Profit Margin 19.82% 17.18%
Selling, General & Admin $134.0M $128.0M
YoY Change 4.69% -9.22%
% of Gross Profit 50.19% 53.56%
Research & Development $20.00M $21.00M
YoY Change -4.76% 10.53%
% of Gross Profit 7.49% 8.79%
Depreciation & Amortization $79.00M $91.00M
YoY Change -13.19% 7.06%
% of Gross Profit 29.59% 38.08%
Operating Expenses $149.0M $154.0M
YoY Change -3.25% 6.94%
Operating Profit $118.0M $85.00M
YoY Change 38.82% -37.04%
Interest Expense $29.00M $28.00M
YoY Change 3.57% 0.0%
% of Operating Profit 24.58% 32.94%
Other Income/Expense, Net
YoY Change
Pretax Income $89.00M $57.00M
YoY Change 56.14% -46.73%
Income Tax $39.00M $17.00M
% Of Pretax Income 43.82% 29.82%
Net Earnings $49.00M $39.00M
YoY Change 25.64% -50.0%
Net Earnings / Revenue 3.64% 2.8%
Basic Earnings Per Share $0.41 $0.32
Diluted Earnings Per Share $0.41 $0.32
COMMON SHARES
Basic Shares Outstanding 119.1M shares 120.8M shares
Diluted Shares Outstanding 120.4M shares 121.5M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.00M $54.00M
YoY Change 33.33% 5.88%
Cash & Equivalents $72.00M $54.00M
Short-Term Investments
Other Short-Term Assets $245.0M $173.0M
YoY Change 41.62% -14.78%
Inventory $820.0M $815.0M
Prepaid Expenses
Receivables $789.0M $804.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.926B $1.846B
YoY Change 4.33% 4.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.881B $2.904B
YoY Change -0.79% 1.29%
Goodwill
YoY Change
Intangibles $1.051B $1.055B
YoY Change -0.38% -2.59%
Long-Term Investments
YoY Change
Other Assets $199.0M $242.0M
YoY Change -17.77% -10.7%
Total Long-Term Assets $5.859B $5.869B
YoY Change -0.17% 1.09%
TOTAL ASSETS
Total Short-Term Assets $1.926B $1.846B
Total Long-Term Assets $5.859B $5.869B
Total Assets $7.785B $7.715B
YoY Change 0.91% 1.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $913.0M $900.0M
YoY Change 1.44% -5.66%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $21.00M $24.00M
YoY Change -12.5% -89.14%
Long-Term Debt Due $3.000M $8.000M
YoY Change -62.5% 100.0%
Total Short-Term Liabilities $942.0M $932.0M
YoY Change 1.07% -20.95%
LONG-TERM LIABILITIES
Long-Term Debt $2.250B $2.205B
YoY Change 2.04% 27.83%
Other Long-Term Liabilities $207.0M $197.0M
YoY Change 5.08% 30.46%
Total Long-Term Liabilities $2.457B $2.402B
YoY Change 2.29% 28.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $942.0M $932.0M
Total Long-Term Liabilities $2.457B $2.402B
Total Liabilities $3.399B $3.334B
YoY Change 1.95% 9.13%
SHAREHOLDERS EQUITY
Retained Earnings $522.0M $463.0M
YoY Change 12.74% 56.42%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $484.0M $444.0M
YoY Change 9.01% 60.29%
Treasury Stock Shares 16.40M shares 16.20M shares
Shareholders Equity $3.593B $3.610B
YoY Change
Total Liabilities & Shareholders Equity $7.785B $7.715B
YoY Change 0.91% 1.88%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $49.00M $39.00M
YoY Change 25.64% -50.0%
Depreciation, Depletion And Amortization $79.00M $91.00M
YoY Change -13.19% 7.06%
Cash From Operating Activities $164.0M $153.0M
YoY Change 7.19% 93.67%
INVESTING ACTIVITIES
Capital Expenditures -$80.00M -$91.00M
YoY Change -12.09% -23.53%
Acquisitions
YoY Change
Other Investing Activities -$37.00M $3.000M
YoY Change -1333.33% -95.24%
Cash From Investing Activities -$117.0M -$88.00M
YoY Change 32.95% 57.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.00M -67.00M
YoY Change -47.76% 91.43%
NET CHANGE
Cash From Operating Activities 164.0M 153.0M
Cash From Investing Activities -117.0M -88.00M
Cash From Financing Activities -35.00M -67.00M
Net Change In Cash 12.00M -2.000M
YoY Change -700.0% -83.33%
FREE CASH FLOW
Cash From Operating Activities $164.0M $153.0M
Capital Expenditures -$80.00M -$91.00M
Free Cash Flow $244.0M $244.0M
YoY Change 0.0% 23.23%

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