2014 Q1 Form 10-Q Financial Statement

#000119312514177680 Filed on May 02, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $706.5M $661.0M
YoY Change 6.88% -11.2%
Cost Of Revenue $458.3M $456.5M
YoY Change 0.39% -8.55%
Gross Profit $248.2M $197.6M
YoY Change 25.61% -19.41%
Gross Profit Margin 35.13% 29.89%
Selling, General & Admin $85.40M $76.00M
YoY Change 12.37% -13.24%
% of Gross Profit 34.41% 38.46%
Research & Development $78.10M $88.40M
YoY Change -11.65% -3.28%
% of Gross Profit 31.47% 44.74%
Depreciation & Amortization $52.40M $51.30M
YoY Change 2.14% -16.04%
% of Gross Profit 21.11% 25.96%
Operating Expenses $177.5M $166.8M
YoY Change 6.41% -17.26%
Operating Profit $70.70M $37.70M
YoY Change 87.53% -13.53%
Interest Expense $8.100M $10.10M
YoY Change -19.8% -35.67%
% of Operating Profit 11.46% 26.79%
Other Income/Expense, Net -$8.600M -$12.00M
YoY Change -28.33% 14.29%
Pretax Income $62.10M $25.70M
YoY Change 141.63% -22.36%
Income Tax $6.200M $2.400M
% Of Pretax Income 9.98% 9.34%
Net Earnings $55.70M $16.10M
YoY Change 245.96% -42.91%
Net Earnings / Revenue 7.88% 2.44%
Basic Earnings Per Share $0.13 $0.05
Diluted Earnings Per Share $0.13 $0.04
COMMON SHARES
Basic Shares Outstanding 440.4M shares 449.5M shares
Diluted Shares Outstanding 444.5M shares 452.5M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $617.0M $614.3M
YoY Change 0.44% -31.16%
Cash & Equivalents $562.0M $537.0M
Short-Term Investments $55.00M $77.30M
Other Short-Term Assets $89.30M $65.40M
YoY Change 36.54% -24.91%
Inventory $613.9M $561.4M
Prepaid Expenses $28.00M $25.30M
Receivables $417.1M $367.2M
Other Receivables $30.80M $16.60M
Total Short-Term Assets $1.737B $1.618B
YoY Change 7.41% -20.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.081B $1.094B
YoY Change -1.17% -5.31%
Goodwill $184.6M $184.6M
YoY Change 0.0%
Intangibles $215.3M $248.5M
YoY Change -13.36%
Long-Term Investments
YoY Change
Other Assets $68.10M $56.30M
YoY Change 20.96% -49.19%
Total Long-Term Assets $1.549B $1.615B
YoY Change -4.07% -9.81%
TOTAL ASSETS
Total Short-Term Assets $1.737B $1.618B
Total Long-Term Assets $1.549B $1.615B
Total Assets $3.287B $3.233B
YoY Change 1.67% -15.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $276.7M $263.0M
YoY Change 5.21% -35.63%
Accrued Expenses $222.1M $203.0M
YoY Change 9.41% 3.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $173.7M $242.8M
YoY Change -28.46% -35.61%
Total Short-Term Liabilities $824.2M $874.0M
YoY Change -5.7% -28.02%
LONG-TERM LIABILITIES
Long-Term Debt $746.5M $706.8M
YoY Change 5.62% -12.94%
Other Long-Term Liabilities $176.1M $215.2M
YoY Change -18.17% -13.02%
Total Long-Term Liabilities $922.6M $922.0M
YoY Change 0.07% -12.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $824.2M $874.0M
Total Long-Term Liabilities $922.6M $922.0M
Total Liabilities $1.747B $1.819B
YoY Change -3.96% -21.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.084B -$1.270B
YoY Change -14.69%
Common Stock $5.200M $5.100M
YoY Change 1.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $597.1M $468.6M
YoY Change 27.42%
Treasury Stock Shares 78.33M shares 61.42M shares
Shareholders Equity $1.507B $1.384B
YoY Change
Total Liabilities & Shareholders Equity $3.287B $3.233B
YoY Change 1.67% -15.58%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $55.70M $16.10M
YoY Change 245.96% -42.91%
Depreciation, Depletion And Amortization $52.40M $51.30M
YoY Change 2.14% -16.04%
Cash From Operating Activities $74.90M $85.20M
YoY Change -12.09% 24.56%
INVESTING ACTIVITIES
Capital Expenditures $47.70M $38.90M
YoY Change 22.62% -22.82%
Acquisitions $0.00
YoY Change
Other Investing Activities $62.60M $76.90M
YoY Change -18.6% -228.6%
Cash From Investing Activities $14.90M $38.00M
YoY Change -60.79% -134.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.40M $0.00
YoY Change
Debt Paid & Issued, Net $12.90M $81.50M
YoY Change -84.17% 422.44%
Cash From Financing Activities -$38.30M -$65.20M
YoY Change -41.26% 155.69%
NET CHANGE
Cash From Operating Activities $74.90M $85.20M
Cash From Investing Activities $14.90M $38.00M
Cash From Financing Activities -$38.30M -$65.20M
Net Change In Cash $51.50M $58.00M
YoY Change -11.21% -186.18%
FREE CASH FLOW
Cash From Operating Activities $74.90M $85.20M
Capital Expenditures $47.70M $38.90M
Free Cash Flow $27.20M $46.30M
YoY Change -41.25% 157.22%

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CY2014Q1 onnn Number Of Segments
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CY2013Q1 onnn Segment Reporting Information Operating Loss Income
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0 USD
CY2014Q1 onnn Treasury Stock Shares Reissued Or Retired During Period
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CY2014Q1 onnn Treasury Stock Value Acquired Cost Method Net Of Fees
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CY2014Q1 dei Amendment Flag
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false
CY2014Q1 dei Current Fiscal Year End Date
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CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-28
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2014Q1 dei Entity Filer Category
EntityFilerCategory
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CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
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CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
101700000 USD
CY2014Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
116600000 USD

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