2015 Q2 Form 10-K Financial Statement

#000119312515264092 Filed on July 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q4
Revenue $1.373B $946.4M $1.071B
YoY Change 7.55% 9.61% -0.03%
Cost Of Revenue $773.9M $566.6M $617.2M
YoY Change 8.07% 12.12% 0.59%
Gross Profit $599.3M $379.7M $453.9M
YoY Change 6.88% 6.06% -0.87%
Gross Profit Margin 43.64% 40.13% 42.38%
Selling, General & Admin $395.4M $346.2M $334.9M
YoY Change 1.54% 7.44% -2.38%
% of Gross Profit 65.98% 91.16% 73.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.30M $25.80M $22.90M
YoY Change 20.26% 15.18% 1.33%
% of Gross Profit 4.56% 6.79% 5.04%
Operating Expenses $395.3M $346.2M $334.9M
YoY Change 1.62% 7.44% -2.38%
Operating Profit $204.0M $33.57M $119.1M
YoY Change 18.79% -6.29% 3.62%
Interest Expense -$25.00M $21.49M $19.40M
YoY Change 45.35% 8.88% -6.75%
% of Operating Profit -12.26% 64.03% 16.3%
Other Income/Expense, Net $100.0K $660.0K $1.042M
YoY Change -51.22% -30.11%
Pretax Income $179.0M $20.43M $105.8M
YoY Change 15.86% -18.89% 8.37%
Income Tax $50.40M $99.38M $31.89M
% Of Pretax Income 28.16% 486.51% 30.16%
Net Earnings $128.0M -$57.35M $69.77M
YoY Change 17.66% -453.54% 9.76%
Net Earnings / Revenue 9.32% -6.06% 6.51%
Basic Earnings Per Share $0.97 -$0.44 $0.52
Diluted Earnings Per Share $0.95 -$0.44 $0.52
COMMON SHARES
Basic Shares Outstanding 133.2M shares 129.8M shares 130.0M shares
Diluted Shares Outstanding 129.8M shares 135.0M shares

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.7M $220.4M $296.5M
YoY Change -47.52% 2.04% 32.25%
Cash & Equivalents $174.7M $220.4M $296.5M
Short-Term Investments
Other Short-Term Assets $294.7M $294.8M $218.6M
YoY Change 21.83% 50.64% -0.32%
Inventory $674.2M $724.1M $637.9M
Prepaid Expenses
Receivables $956.2M $797.2M $806.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.100B $2.036B $1.960B
YoY Change 1.82% 16.27% 8.06%
LONG-TERM ASSETS
Property, Plant & Equipment $589.6M $568.3M $510.0M
YoY Change 10.67% 12.14% 2.13%
Goodwill $1.216B $1.201B $1.118B
YoY Change 5.95% 5.16% -0.62%
Intangibles $604.1M $603.4M $441.6M
YoY Change 31.47% 29.91% -4.33%
Long-Term Investments
YoY Change
Other Assets $179.2M $155.1M $159.9M
YoY Change 6.43% -8.18% -6.24%
Total Long-Term Assets $2.580B $2.535B $2.237B
YoY Change 11.4% 11.06% -0.86%
TOTAL ASSETS
Total Short-Term Assets $2.100B $2.036B $1.960B
Total Long-Term Assets $2.580B $2.535B $2.237B
Total Assets $4.680B $4.571B $4.197B
YoY Change 6.89% 13.32% 3.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $512.2M $380.0M $379.9M
YoY Change -2.57% 12.86% 2.39%
Accrued Expenses $389.0M $331.4M $338.3M
YoY Change -4.12% -3.86% -5.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.038M $151.5M $151.4M
YoY Change -64.01% 2443.75% 3030.47%
Total Short-Term Liabilities $903.2M $862.9M $869.5M
YoY Change -3.61% 25.54% 18.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.654B $1.717B $1.276B
YoY Change 22.88% 24.17% -6.53%
Other Long-Term Liabilities $752.8M $706.9M $411.9M
YoY Change 61.32% 64.13% -5.6%
Total Long-Term Liabilities $2.498B $2.475B $1.736B
YoY Change 34.08% 32.93% -5.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $903.2M $862.9M $869.5M
Total Long-Term Liabilities $2.498B $2.475B $1.736B
Total Liabilities $3.401B $3.337B $2.606B
YoY Change 21.47% 30.94% 1.13%
SHAREHOLDERS EQUITY
Retained Earnings $937.0M $843.6M $935.8M
YoY Change 12.39% 11.46% 21.11%
Common Stock $873.5M $1.332M $1.337M
YoY Change 10.36% 0.0% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $124.9M $121.3M $94.35M
YoY Change 46.29% 47.62% 17.4%
Treasury Stock Shares
Shareholders Equity $1.291B $1.232B $1.390B
YoY Change
Total Liabilities & Shareholders Equity $4.694B $4.571B $4.197B
YoY Change 7.21% 13.32% 3.11%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q4
OPERATING ACTIVITIES
Net Income $128.0M -$57.35M $69.77M
YoY Change 17.66% -453.54% 9.76%
Depreciation, Depletion And Amortization $27.30M $25.80M $22.90M
YoY Change 20.26% 15.18% 1.33%
Cash From Operating Activities $306.3M -$31.20M $180.5M
YoY Change 21.45% -860.98% 19.3%
INVESTING ACTIVITIES
Capital Expenditures -$38.10M -$20.80M -$14.40M
YoY Change -3.54% 5.58% -39.75%
Acquisitions
YoY Change
Other Investing Activities -$59.60M -$392.6M $9.400M
YoY Change 97.35% -5198.7% -143.12%
Cash From Investing Activities -$97.70M -$413.4M -$5.000M
YoY Change 40.17% 3345.0% -89.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -245.5M 378.3M -87.90M
YoY Change 280.03% 22152.94% -1.68%
NET CHANGE
Cash From Operating Activities 306.3M -31.20M 180.5M
Cash From Investing Activities -97.70M -413.4M -5.000M
Cash From Financing Activities -245.5M 378.3M -87.90M
Net Change In Cash -36.90M -66.30M 87.60M
YoY Change -131.3% 969.35% 440.74%
FREE CASH FLOW
Cash From Operating Activities $306.3M -$31.20M $180.5M
Capital Expenditures -$38.10M -$20.80M -$14.40M
Free Cash Flow $344.4M -$10.40M $194.9M
YoY Change 18.07% -143.7% 11.24%

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27514000
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310000
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7416000
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1999000
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128000
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20115000
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27700000
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27586000
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CY2013 us-gaap Income Tax Expense Benefit
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67040000
CY2013 us-gaap Current Federal Tax Expense Benefit
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56590000
CY2013 us-gaap Cost Of Goods Sold
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55715000
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138150000
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6694000
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
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1269000
CY2013 us-gaap Impairment Of Investments
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51092000
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61035000
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2013 us-gaap Proceeds From Stock Options Exercised
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7285000
CY2013 us-gaap Advertising Expense
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43200000
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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11518000
CY2013 us-gaap Current Foreign Tax Expense Benefit
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44747000
CY2013 us-gaap Current Income Tax Expense Benefit
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108031000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1979000
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2585000
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19470000
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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106509000
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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1953000
CY2013 us-gaap Increase Decrease In Accounts Payable
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70803000
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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11248000
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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19939000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2013 us-gaap Dividends Common Stock
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117647000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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14729000
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
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-1610000
CY2013 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
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14279000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
900000
CY2013 rpm Reductions Of Long Term And Short Term Debt
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49376000
CY2013 rpm Deferred Income Taxes Changes In Accumulated Other Comprehensive Income Loss
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-19470000
CY2013 rpm Other Comprehensive Income Loss Defined Benefit Plan Foreign Currency Translation Adjustment Before Tax
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-529000
CY2013 rpm Other Comprehensive Income Reclassification Adjustments And Other Tax
OtherComprehensiveIncomeReclassificationAdjustmentsAndOtherTax
633000
CY2013 rpm Loss On Repositioning Of Operations
LossOnRepositioningOfOperations
6087000
CY2013 rpm Defined Benefit Plan Employer Matching Contributions
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13100000
CY2013 rpm Share Based Compensation Arrangement By Sharebased Payment Award All Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardAllEquityInstrumentsVestedInPeriodTotalFairValue
3300000
CY2013 rpm Net Investment Income And Other Income
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6178000
CY2013 rpm Income Loss Before Interest Expense And Income Taxes
IncomeLossBeforeInterestExpenseAndIncomeTaxes
250559000
CY2013 rpm Increase Decrease In Accrued Loss Reserves
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-1847000
CY2013 rpm Income Tax Reconciliation Nondeductible Expense Fines And Penalties Net
IncomeTaxReconciliationNondeductibleExpenseFinesAndPenaltiesNet
4802000
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.18
CY2014 us-gaap Weighted Average Number Of Shares Contingently Issuable
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1847000 shares
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.279 pure
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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278149000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.027 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y6M
CY2014 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P14Y
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.022 pure
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132288000 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
CY2014 us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
1003000 shares
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.945
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.261 pure
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3057000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129438000 shares
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
8900000
CY2014 us-gaap Product Warranty Accrual Warranties Issued
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24566000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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287816000
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8809000
CY2014 us-gaap Gross Profit
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1875768000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
214861000
CY2014 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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2493000
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10659000
CY2014 us-gaap Payments To Acquire Productive Assets
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93792000
CY2014 us-gaap Payments Of Dividends
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125743000
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-1463000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7846000
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7776000
CY2014 us-gaap Undistributed Earnings
UndistributedEarnings
29000
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
4376353000
CY2014 us-gaap Profit Loss
ProfitLoss
305984000
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
5588000
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
2870000
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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12586000
CY2014 us-gaap Increase Decrease In Inventories
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59001000
CY2014 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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13470000
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
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11937000
CY2014 us-gaap Investment Income Dividend
InvestmentIncomeDividend
2196000
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-65236000
CY2014 us-gaap Gain Loss On Sale Of Securities Net
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7353000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
294031000
CY2014 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
1195000
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
7394000
CY2014 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
16086000
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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-33040000
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
103338000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
424487000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
100000
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1175000
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12906000
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4083000
CY2014 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
4878000
CY2014 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
83536000
CY2014 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1833000
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-1385000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
285294000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
291660000
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
6327000
CY2014 us-gaap Interest Paid
InterestPaid
81505000
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
79080000
CY2014 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
39248000
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
200000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
14272000
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2888000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
209626000
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
313830000
CY2014 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
7500000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23568000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6572000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1881000
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
19193000
CY2014 us-gaap Interest Expense
InterestExpense
80951000
CY2014 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
208532000
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
54600000
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1390128000
CY2014 us-gaap Adjustment For Amortization
AdjustmentForAmortization
31526000
CY2014 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
492000
CY2014 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
300000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1292000
CY2014 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6366000
CY2014 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
2794000
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
19155000
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7600000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28200000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10686000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-11467000
CY2014 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
2500000
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-27374000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
148570000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
118503000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
46846000
CY2014 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2500585000
CY2014 us-gaap Depreciation
Depreciation
58543000
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
90069000
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
12247000
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
21296000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-137243000
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ProceedsFromPaymentsForOtherFinancingActivities
951000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5660000
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1508000
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
14855000
CY2014 us-gaap Legal Fees
LegalFees
1700000
CY2014 us-gaap Lease Operating Expense
LeaseOperatingExpense
50900000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-149711000
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ProceedsFromStockOptionsExercised
11934000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
49600000
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AllocatedShareBasedCompensationExpenseNetOfTax
15792000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
59425000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
111931000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4519000
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-1087000
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1806000
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
15527000
CY2014 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-4976000
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
200000
CY2014 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
62896000
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1220000
CY2014 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
100000
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
42216000
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14324000
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
19799000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
16747000
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
125743000
CY2014 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
17700000
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2998000
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1342000
CY2014 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
161000
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1700000
CY2014 rpm Payment For Contingent Liabilities
PaymentForContingentLiabilities
61900000
CY2014 rpm Reductions Of Long Term And Short Term Debt
ReductionsOfLongTermAndShortTermDebt
215011000
CY2014 rpm Deferred Income Taxes Changes In Accumulated Other Comprehensive Income Loss
DeferredIncomeTaxesChangesInAccumulatedOtherComprehensiveIncomeLoss
4976000
CY2014 rpm Other Comprehensive Income Loss Defined Benefit Plan Foreign Currency Translation Adjustment Before Tax
OtherComprehensiveIncomeLossDefinedBenefitPlanForeignCurrencyTranslationAdjustmentBeforeTax
-140000
CY2014 rpm Other Comprehensive Income Reclassification Adjustments And Other Tax
OtherComprehensiveIncomeReclassificationAdjustmentsAndOtherTax
586000
CY2014 rpm Increase Decrease In Contingent Payment
IncreaseDecreaseInContingentPayment
-63014000
CY2014 rpm Defined Benefit Plan Employer Matching Contributions
DefinedBenefitPlanEmployerMatchingContributions
13600000
CY2014 rpm Share Based Compensation Arrangement By Sharebased Payment Award All Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardAllEquityInstrumentsVestedInPeriodTotalFairValue
12800000
CY2014 rpm Business Acquisition Number Of Entities Acquired During Period
BusinessAcquisitionNumberOfEntitiesAcquiredDuringPeriod
4 Entity
CY2014 rpm Net Investment Income And Other Income
NetInvestmentIncomeAndOtherIncome
15715000
CY2014 rpm Income Loss Before Interest Expense And Income Taxes
IncomeLossBeforeInterestExpenseAndIncomeTaxes
489723000
CY2014 rpm Increase Decrease In Accrued Loss Reserves
IncreaseDecreaseInAccruedLossReserves
-146000
CY2014 rpm Income Tax Reconciliation Nondeductible Expense Fines And Penalties Net
IncomeTaxReconciliationNondeductibleExpenseFinesAndPenaltiesNet
-2002000
CY2014 rpm Payment Of Acquisition Related Contingent Consideration Excluding Fair Value Adjustments
PaymentOfAcquisitionRelatedContingentConsiderationExcludingFairValueAdjustments
5000000
CY2015 us-gaap Common Stock Voting Rights
CommonStockVotingRights
The rights will expire May 11, 2019, unless earlier redeemed, exchanged or amended by the board. The plan specifically provides that our board will review the status of the plan before its fifth anniversary to determine if any such action should be taken, which it did.
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.78
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Registrant Name
EntityRegistrantName
RPM INTERNATIONAL INC/DE/
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 dei Trading Symbol
TradingSymbol
RPM
CY2015 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
3878000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.022 pure
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y6M
CY2015 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P14Y
CY2015 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2009-05-11
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
595106 shares
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.496 pure
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
330448000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.023 pure
CY2015 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
5374000
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
19799000
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>3) Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management has evaluated subsequent events through the date the Consolidated Financial Statements were filed with the Securities and Exchange Commission (&#x201C;SEC&#x201D;).</p> </div>
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-05-31
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
8 Segment
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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