2014 Q4 Form 10-Q Financial Statement

#000102447815000006 Filed on February 05, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4
Revenue $1.574B $1.592B
YoY Change -1.09% 6.88%
Cost Of Revenue $886.9M $928.0M
YoY Change -4.43% 5.23%
Gross Profit $687.5M $663.7M
YoY Change 3.59% 9.29%
Gross Profit Margin 43.67% 41.7%
Selling, General & Admin $386.9M $385.4M
YoY Change 0.39% 3.19%
% of Gross Profit 56.28% 58.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.90M $28.40M
YoY Change 19.37% 5.19%
% of Gross Profit 4.93% 4.28%
Operating Expenses $386.9M $385.4M
YoY Change 0.39% 3.19%
Operating Profit $300.6M $278.3M
YoY Change 8.01% 19.03%
Interest Expense $14.90M $14.90M
YoY Change 0.0% -3.25%
% of Operating Profit 4.96% 5.35%
Other Income/Expense, Net
YoY Change
Pretax Income $287.5M $272.8M
YoY Change 5.39% 25.6%
Income Tax $73.30M $74.70M
% Of Pretax Income 25.5% 27.38%
Net Earnings $214.2M $198.1M
YoY Change 8.13% 22.74%
Net Earnings / Revenue 13.61% 12.45%
Basic Earnings Per Share $1.58 $1.43
Diluted Earnings Per Share $1.56 $1.41
COMMON SHARES
Basic Shares Outstanding 135.6M shares 138.6M shares
Diluted Shares Outstanding 136.9M shares 140.4M shares

Balance Sheet

Concept 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.913B $1.611B
YoY Change 18.75% 23.54%
Cash & Equivalents $1.292B $1.246B
Short-Term Investments $621.0M $365.0M
Other Short-Term Assets $161.3M $136.5M
YoY Change 18.17% 18.18%
Inventory $593.5M $645.6M
Prepaid Expenses
Receivables $1.107B $1.169B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.933B $3.720B
YoY Change 5.72% 9.64%
LONG-TERM ASSETS
Property, Plant & Equipment $612.4M $610.3M
YoY Change 0.34% 5.31%
Goodwill $1.047B $1.053B
YoY Change -0.58% 2.68%
Intangibles $250.3M $240.8M
YoY Change 3.95% 11.07%
Long-Term Investments
YoY Change
Other Assets $161.8M $171.2M
YoY Change -5.49% 12.93%
Total Long-Term Assets $2.270B $2.221B
YoY Change 2.18% -4.21%
TOTAL ASSETS
Total Short-Term Assets $3.933B $3.720B
Total Long-Term Assets $2.270B $2.221B
Total Assets $6.202B $5.941B
YoY Change 4.4% 4.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $479.6M $513.6M
YoY Change -6.62% 6.73%
Accrued Expenses $256.0M $261.0M
YoY Change -1.92% 8.75%
Deferred Revenue
YoY Change
Short-Term Debt $508.0M $251.0M
YoY Change 102.39% -0.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.771B $1.539B
YoY Change 15.08% 3.41%
LONG-TERM LIABILITIES
Long-Term Debt $905.6M $905.1M
YoY Change 0.06% 0.01%
Other Long-Term Liabilities $203.5M $212.2M
YoY Change -4.1% -11.77%
Total Long-Term Liabilities $1.109B $1.117B
YoY Change -0.73% -2.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.771B $1.539B
Total Long-Term Liabilities $1.109B $1.117B
Total Liabilities $2.880B $2.656B
YoY Change 8.43% 0.86%
SHAREHOLDERS EQUITY
Retained Earnings $4.966B $4.451B
YoY Change 11.56% 12.7%
Common Stock $1.696B $1.652B
YoY Change 2.61% 3.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.076B $2.622B
YoY Change 17.3% 9.16%
Treasury Stock Shares 45.90M shares 42.60M shares
Shareholders Equity $2.569B $2.688B
YoY Change
Total Liabilities & Shareholders Equity $6.202B $5.941B
YoY Change 4.4% 4.02%

Cashflow Statement

Concept 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income $214.2M $198.1M
YoY Change 8.13% 22.74%
Depreciation, Depletion And Amortization $33.90M $28.40M
YoY Change 19.37% 5.19%
Cash From Operating Activities $268.2M $203.5M
YoY Change 31.79% 26.95%
INVESTING ACTIVITIES
Capital Expenditures $40.00M $35.60M
YoY Change 12.36% 64.81%
Acquisitions $21.20M $68.10M
YoY Change -68.87% -19.31%
Other Investing Activities $0.00 $3.400M
YoY Change -100.0%
Cash From Investing Activities -$57.00M -$98.90M
YoY Change -42.37% -6.52%
FINANCING ACTIVITIES
Cash Dividend Paid $88.10M $80.50M
YoY Change 9.44% 22.9%
Common Stock Issuance & Retirement, Net $168.4M $110.0M
YoY Change 53.09% 18.41%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -64.40M -59.70M
YoY Change 7.87% 335.77%
NET CHANGE
Cash From Operating Activities 268.2M 203.5M
Cash From Investing Activities -57.00M -98.90M
Cash From Financing Activities -64.40M -59.70M
Net Change In Cash 146.8M 44.90M
YoY Change 226.95% 10.05%
FREE CASH FLOW
Cash From Operating Activities $268.2M $203.5M
Capital Expenditures $40.00M $35.60M
Free Cash Flow $228.2M $167.9M
YoY Change 35.91% 21.05%

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