2015 Q4 Form 10-Q Financial Statement

#000157987715000121 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $398.5M $386.7M $336.5M
YoY Change 0.89% 14.92% -0.5%
Cost Of Revenue $218.6M $209.3M $177.2M
YoY Change 2.05% 18.12% 3.69%
Gross Profit $179.9M $177.4M $159.3M
YoY Change -0.5% 11.36% -4.78%
Gross Profit Margin 45.14% 45.88% 47.34%
Selling, General & Admin $65.80M $67.20M $55.10M
YoY Change 4.11% 21.96% 2.42%
% of Gross Profit 36.58% 37.88% 34.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.60M $28.40M $26.70M
YoY Change 2.51% 6.37% 1.14%
% of Gross Profit 15.9% 16.01% 16.76%
Operating Expenses $123.7M $67.20M $55.10M
YoY Change 4.12% 21.96% 2.42%
Operating Profit -$47.50M $52.70M $47.60M
YoY Change -194.06% 10.71% -26.32%
Interest Expense -$132.8M -$28.90M $26.30M
YoY Change 382.91% -209.89% -26400.0%
% of Operating Profit -54.84% 55.25%
Other Income/Expense, Net $0.00 -$400.0K $0.00
YoY Change -100.0% -100.0%
Pretax Income -$76.70M $23.40M $21.30M
YoY Change -430.6% 9.86% -67.18%
Income Tax -$1.600M $3.900M -$226.4M
% Of Pretax Income 16.67% -1062.91%
Net Earnings -$73.90M $21.20M $248.3M
YoY Change -365.83% -91.46% 567.47%
Net Earnings / Revenue -18.54% 5.48% 73.79%
Basic Earnings Per Share $0.15 $2.07
Diluted Earnings Per Share -$538.2K $0.15 $2.06
COMMON SHARES
Basic Shares Outstanding 137.6M shares 137.5M shares 120.0M shares
Diluted Shares Outstanding 137.9M shares 120.7M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.6M $106.4M $272.2M
YoY Change 256.49% -60.91% 1029.46%
Cash & Equivalents $101.6M $106.4M $272.2M
Short-Term Investments
Other Short-Term Assets $12.50M $14.50M $12.40M
YoY Change -1.57% 16.94% -91.08%
Inventory
Prepaid Expenses
Receivables $209.5M $227.1M $175.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $412.2M $463.3M $560.8M
YoY Change 16.01% -17.39% 64.17%
LONG-TERM ASSETS
Property, Plant & Equipment $701.7M $731.2M $704.4M
YoY Change -10.37% 3.8% -6.65%
Goodwill $2.075B $2.138B $1.860B
YoY Change -3.69% 14.89%
Intangibles
YoY Change
Long-Term Investments $21.30M $24.90M $22.60M
YoY Change -21.11% 10.18%
Other Assets $56.40M $90.70M $77.10M
YoY Change -42.45% 17.64% 82.27%
Total Long-Term Assets $3.403B $3.547B $2.962B
YoY Change -6.4% 19.75% -2.89%
TOTAL ASSETS
Total Short-Term Assets $412.2M $463.3M $560.8M
Total Long-Term Assets $3.403B $3.547B $2.962B
Total Assets $3.816B $4.010B $3.523B
YoY Change -4.41% 13.84% 3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.60M $71.20M $54.30M
YoY Change 11.17% 31.12% -1.45%
Accrued Expenses $123.0M $133.2M $143.2M
YoY Change -8.48% -6.98% 34.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $265.6M $253.3M $237.9M
YoY Change 4.08% 6.47% 29.43%
LONG-TERM LIABILITIES
Long-Term Debt $2.222B $2.302B $1.598B
YoY Change 1.08% 44.02%
Other Long-Term Liabilities $71.20M $70.00M $64.60M
YoY Change 0.56% 8.36% -40.57%
Total Long-Term Liabilities $2.293B $2.372B $1.663B
YoY Change 1.06% 42.63% 1429.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $265.6M $253.3M $237.9M
Total Long-Term Liabilities $2.293B $2.372B $1.663B
Total Liabilities $2.603B $2.676B $1.956B
YoY Change 0.96% 36.84% 229.65%
SHAREHOLDERS EQUITY
Retained Earnings -$602.2M -$480.8M $188.4M
YoY Change 59.73% -355.2%
Common Stock $1.400M $1.400M $1.200M
YoY Change 0.0% 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.213B $1.334B $1.567B
YoY Change
Total Liabilities & Shareholders Equity $3.816B $4.010B $3.523B
YoY Change -5.17% 13.84% 3.86%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$73.90M $21.20M $248.3M
YoY Change -365.83% -91.46% 567.47%
Depreciation, Depletion And Amortization $28.60M $28.40M $26.70M
YoY Change 2.51% 6.37% 1.14%
Cash From Operating Activities $116.7M $102.3M $109.5M
YoY Change 49.04% -6.58% 0.55%
INVESTING ACTIVITIES
Capital Expenditures -$17.20M -$16.20M $14.30M
YoY Change -97.73% -213.29% 13.49%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00 $1.800M
YoY Change -112.5% -100.0% 800.0%
Cash From Investing Activities -$17.10M -$16.20M -$12.50M
YoY Change -97.74% 29.6% -54.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -97.80M -46.90M -47.20M
YoY Change -122.42% -0.64% -37.15%
NET CHANGE
Cash From Operating Activities 116.7M 102.3M 109.5M
Cash From Investing Activities -17.10M -16.20M -12.50M
Cash From Financing Activities -97.80M -46.90M -47.20M
Net Change In Cash 1.800M 39.20M 49.80M
YoY Change -100.74% -21.29% 690.48%
FREE CASH FLOW
Cash From Operating Activities $116.7M $102.3M $109.5M
Capital Expenditures -$17.20M -$16.20M $14.30M
Free Cash Flow $133.9M $118.5M $95.20M
YoY Change -83.96% 24.47% -1.14%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. </font></div></div>

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