2016 Q4 Form 10-Q Financial Statement

#000080248116000079 Filed on October 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $2.371B $2.495B $2.113B
YoY Change -6.41% 18.12% -6.86%
Cost Of Revenue $1.728B $2.242B $1.828B
YoY Change -4.02% 22.66% 0.56%
Gross Profit $228.9M $253.1M $284.5M
YoY Change 11.62% -11.06% -36.81%
Gross Profit Margin 9.65% 10.14% 13.47%
Selling, General & Admin $55.40M $75.93M $52.62M
YoY Change 4.73% 44.3% 17.91%
% of Gross Profit 24.21% 30.01% 18.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.60M $53.40M $38.80M
YoY Change 0.52% 37.63% 14.45%
% of Gross Profit 25.17% 21.1% 13.64%
Operating Expenses $55.30M $75.93M $52.62M
YoY Change 4.54% 44.3% 17.91%
Operating Profit $173.6M $176.8M $231.1M
YoY Change 14.09% -23.49% -43.0%
Interest Expense -$14.90M $19.12M $10.50M
YoY Change 22.13% 82.07% -7.66%
% of Operating Profit -8.58% 10.81% 4.54%
Other Income/Expense, Net $1.600M $2.371M $2.071M
YoY Change 220.0% 14.49% 239.51%
Pretax Income $111.0M $155.8M $210.2M
YoY Change 15.5% -25.9% -46.02%
Income Tax $40.80M $53.82M $73.15M
% Of Pretax Income 36.76% 34.55% 34.79%
Net Earnings $70.62M $98.66M $137.1M
YoY Change 11.83% -28.02% -46.46%
Net Earnings / Revenue 2.98% 3.95% 6.49%
Basic Earnings Per Share $0.29 $0.39 $0.53
Diluted Earnings Per Share $0.28 $0.39 $0.53
COMMON SHARES
Basic Shares Outstanding 251.3M shares 254.5M shares 259.3M shares
Diluted Shares Outstanding 254.9M shares 259.5M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $292.5M $86.00M $396.7M
YoY Change -33.46% -78.32% -54.33%
Cash & Equivalents $292.5M $85.99M $396.7M
Short-Term Investments
Other Short-Term Assets $92.10M $81.70M $140.9M
YoY Change 12.04% -42.02% 73.95%
Inventory $975.6M $796.8M $841.3M
Prepaid Expenses
Receivables $429.2M $331.0M $352.2M
Other Receivables $20.40M $74.40M $25.00M
Total Short-Term Assets $1.810B $1.370B $1.756B
YoY Change 3.65% -22.0% -19.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.834B $1.450B $1.347B
YoY Change 35.6% 7.65% 14.13%
Goodwill $887.2M $125.6M $174.4M
YoY Change -17.25% -27.99%
Intangibles $471.6M $40.55M $32.18M
YoY Change -18.52% 26.02% 14.03%
Long-Term Investments
YoY Change
Other Assets $19.26M $15.89M $31.81M
YoY Change 22.89% -50.06% 3.4%
Total Long-Term Assets $3.212B $1.632B $1.586B
YoY Change 104.3% 2.95% 19.71%
TOTAL ASSETS
Total Short-Term Assets $1.810B $1.370B $1.756B
Total Long-Term Assets $3.212B $1.632B $1.586B
Total Assets $5.022B $3.002B $3.342B
YoY Change 51.33% -10.16% -4.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $790.4M $494.1M $524.0M
YoY Change 63.65% -5.72% 36.54%
Accrued Expenses $347.0M $297.2M $304.5M
YoY Change 10.18% -2.38% -0.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $5.900M
YoY Change -100.0% -100.0%
Long-Term Debt Due $15.71M $92.00K $102.0K
YoY Change 18169.77% -9.8% -60.77%
Total Short-Term Liabilities $1.185B $844.3M $906.1M
YoY Change 39.93% -6.82% 2.46%
LONG-TERM LIABILITIES
Long-Term Debt $1.414B $1.018B $1.000B
YoY Change 43.51% 1.71% 99.24%
Other Long-Term Liabilities $102.7M $91.89M $103.1M
YoY Change 11.31% -10.88% 16.51%
Total Long-Term Liabilities $1.517B $1.109B $1.104B
YoY Change 40.75% 0.54% 86.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.185B $844.3M $906.1M
Total Long-Term Liabilities $1.517B $1.109B $1.104B
Total Liabilities $2.936B $2.085B $2.099B
YoY Change 42.75% -0.65% 42.32%
SHAREHOLDERS EQUITY
Retained Earnings -$782.8M -$591.3M -$324.4M
YoY Change 199.63% 82.26% -176.45%
Common Stock $307.3M $2.597M $2.597M
YoY Change 11732.42% 0.0% 0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $217.1M $119.6M $45.08M
YoY Change 118.8% 165.31%
Treasury Stock Shares 10.64M shares 5.800M shares
Shareholders Equity $2.078B $906.9M $1.240B
YoY Change
Total Liabilities & Shareholders Equity $5.022B $3.002B $3.342B
YoY Change 51.33% -10.16% -4.68%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $70.62M $98.66M $137.1M
YoY Change 11.83% -28.02% -46.46%
Depreciation, Depletion And Amortization $57.60M $53.40M $38.80M
YoY Change 0.52% 37.63% 14.45%
Cash From Operating Activities $243.4M $263.0M $268.2M
YoY Change 48.32% -1.94% -30.55%
INVESTING ACTIVITIES
Capital Expenditures -$120.0M -$127.0M -$42.10M
YoY Change 98.35% 201.66% 3.95%
Acquisitions
YoY Change
Other Investing Activities $400.0K $4.900M -$362.1M
YoY Change -63.64% -101.35% -8931.71%
Cash From Investing Activities -$119.5M -$122.2M -$404.2M
YoY Change 101.18% -69.77% 1007.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.80M -141.7M -41.40M
YoY Change 116.88% 242.27% 41300.0%
NET CHANGE
Cash From Operating Activities 243.4M 263.0M 268.2M
Cash From Investing Activities -119.5M -122.2M -404.2M
Cash From Financing Activities -84.80M -141.7M -41.40M
Net Change In Cash 39.10M -900.0K -177.4M
YoY Change -40.4% -99.49% -150.74%
FREE CASH FLOW
Cash From Operating Activities $243.4M $263.0M $268.2M
Capital Expenditures -$120.0M -$127.0M -$42.10M
Free Cash Flow $363.4M $390.0M $310.3M
YoY Change 61.8% 25.68% -27.28%

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