2015 Q1 Form 10-Q Financial Statement

#000148179215000033 Filed on May 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $1.088B $1.103B
YoY Change -1.34% -2.36%
Cost Of Revenue $875.4M $892.6M
YoY Change -1.93% -1.89%
Gross Profit $212.6M $210.2M
YoY Change 1.14% -4.32%
Gross Profit Margin 19.54% 19.06%
Selling, General & Admin $109.7M $103.5M
YoY Change 5.99% -2.27%
% of Gross Profit 51.6% 49.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.20M $64.90M
YoY Change -4.16% -9.23%
% of Gross Profit 29.26% 30.88%
Operating Expenses $109.7M $103.5M
YoY Change 5.99% -2.27%
Operating Profit -$11.80M $11.00M
YoY Change -207.27% -1322.22%
Interest Expense $22.50M $20.90M
YoY Change 7.66% -4.57%
% of Operating Profit 190.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$34.30M -$9.900M
YoY Change 246.46% -56.58%
Income Tax -$1.000M -$1.200M
% Of Pretax Income
Net Earnings -$35.20M -$8.800M
YoY Change 300.0% -37.14%
Net Earnings / Revenue -3.24% -0.8%
Basic Earnings Per Share
Diluted Earnings Per Share -$737.9K -$185.7K
COMMON SHARES
Basic Shares Outstanding 47.70M shares
Diluted Shares Outstanding 47.70M shares 47.40M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.50M $13.10M
YoY Change 87.02% -45.87%
Cash & Equivalents $24.50M $13.10M
Short-Term Investments
Other Short-Term Assets $131.7M $103.0M
YoY Change 27.86% -18.06%
Inventory $291.0M $270.2M
Prepaid Expenses
Receivables $628.8M $628.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.076B $1.015B
YoY Change 5.99% -7.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.819B $1.915B
YoY Change -5.01% -4.89%
Goodwill $751.3M $772.9M
YoY Change -2.79% 0.61%
Intangibles $146.6M $211.3M
YoY Change -30.62% -9.04%
Long-Term Investments $37.10M $55.70M
YoY Change -33.39% -16.99%
Other Assets $83.80M $66.70M
YoY Change 25.64% 1.52%
Total Long-Term Assets $2.837B $3.070B
YoY Change -7.57% -3.8%
TOTAL ASSETS
Total Short-Term Assets $1.076B $1.015B
Total Long-Term Assets $2.837B $3.070B
Total Assets $3.913B $4.085B
YoY Change -4.2% -4.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $332.8M $352.9M
YoY Change -5.7% -6.34%
Accrued Expenses $322.6M $312.7M
YoY Change 3.17% -3.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $95.90M $132.9M
YoY Change -27.84% 12.34%
Total Short-Term Liabilities $757.0M $806.5M
YoY Change -6.14% -3.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.346B $1.299B
YoY Change 3.58% -4.95%
Other Long-Term Liabilities $324.2M $287.8M
YoY Change 12.65% -40.96%
Total Long-Term Liabilities $1.670B $1.587B
YoY Change 5.22% -14.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $757.0M $806.5M
Total Long-Term Liabilities $1.670B $1.587B
Total Liabilities $2.833B $2.819B
YoY Change 0.48% -8.63%
SHAREHOLDERS EQUITY
Retained Earnings $464.6M $535.0M
YoY Change -13.16% -4.21%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $216.7M $223.5M
YoY Change -3.04% -15.15%
Treasury Stock Shares
Shareholders Equity $1.081B $1.266B
YoY Change
Total Liabilities & Shareholders Equity $3.913B $4.085B
YoY Change -4.2% -4.87%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$35.20M -$8.800M
YoY Change 300.0% -37.14%
Depreciation, Depletion And Amortization $62.20M $64.90M
YoY Change -4.16% -9.23%
Cash From Operating Activities $64.20M $33.00M
YoY Change 94.55% -72.82%
INVESTING ACTIVITIES
Capital Expenditures $42.30M $45.80M
YoY Change -7.64% 61.84%
Acquisitions $19.50M $0.00
YoY Change -100.0%
Other Investing Activities $1.100M $3.800M
YoY Change -71.05% -101.66%
Cash From Investing Activities -$62.90M -$58.50M
YoY Change 7.52% -77.32%
FINANCING ACTIVITIES
Cash Dividend Paid $15.80M $14.70M
YoY Change 7.48% 5.0%
Common Stock Issuance & Retirement, Net -$1.300M $800.0K
YoY Change -262.5% 60.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $13.90M $23.70M
YoY Change -41.35% -83.35%
NET CHANGE
Cash From Operating Activities $64.20M $33.00M
Cash From Investing Activities -$62.90M -$58.50M
Cash From Financing Activities $13.90M $23.70M
Net Change In Cash $15.20M -$1.800M
YoY Change -944.44% -131.03%
FREE CASH FLOW
Cash From Operating Activities $64.20M $33.00M
Capital Expenditures $42.30M $45.80M
Free Cash Flow $21.90M -$12.80M
YoY Change -271.09% -113.75%

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