2014 Q1 Form 10-K Financial Statement

#000104746914001477 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $2.553B $2.307B $2.444B
YoY Change 26.06% 22.11% 18.89%
Cost Of Revenue $1.906B $1.703B $1.801B
YoY Change 27.35% 24.76% 18.45%
Gross Profit $647.2M $604.2M $643.0M
YoY Change 22.39% 15.22% 20.12%
Gross Profit Margin 25.35% 26.19% 26.31%
Selling, General & Admin $441.0M $424.7M $430.0M
YoY Change 23.29% 22.6% 24.49%
% of Gross Profit 68.14% 70.29% 66.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.90M $51.30M $49.90M
YoY Change 26.28% 29.22% 33.78%
% of Gross Profit 8.02% 8.49% 7.76%
Operating Expenses $441.0M $476.0M $430.0M
YoY Change 23.29% 23.28% 24.49%
Operating Profit $154.3M $128.2M $163.1M
YoY Change 18.69% -7.3% 6.88%
Interest Expense $20.20M -$20.70M $21.60M
YoY Change 54.2% 45.77% 46.94%
% of Operating Profit 13.09% -16.15% 13.24%
Other Income/Expense, Net $400.0K $1.200M
YoY Change -233.33% -79.66%
Pretax Income $134.1M $93.00M $142.7M
YoY Change 11.94% -23.33% -0.76%
Income Tax $46.20M $30.70M $46.70M
% Of Pretax Income 34.45% 33.01% 32.73%
Net Earnings $87.90M $62.30M $96.00M
YoY Change 4.02% -22.9% -3.42%
Net Earnings / Revenue 3.44% 2.7% 3.93%
Basic Earnings Per Share $1.13 $0.80 $1.23
Diluted Earnings Per Share $1.11 $0.79 $1.22
COMMON SHARES
Basic Shares Outstanding 77.51M shares 77.34M shares 77.05M shares
Diluted Shares Outstanding 78.36M shares 77.86M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.6M $83.60M $104.9M
YoY Change 13.49% -14.34% -13.02%
Cash & Equivalents $113.6M $83.60M $104.9M
Short-Term Investments
Other Short-Term Assets $95.20M $97.90M $85.80M
YoY Change 46.24% 37.11% 31.39%
Inventory $1.656B $1.540B $1.583B
Prepaid Expenses
Receivables $1.160B $983.5M $1.074B
Other Receivables $0.00 $33.90M $22.00M
Total Short-Term Assets $3.025B $2.739B $2.869B
YoY Change 24.67% 20.26% 11.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.594B $1.604B $1.585B
YoY Change 29.01% 29.27% 34.95%
Goodwill $1.690B $1.692B $1.710B
YoY Change 28.68% 33.47%
Intangibles $1.197B $1.214B $1.241B
YoY Change 29.61% 36.42%
Long-Term Investments $14.70M $14.10M $16.40M
YoY Change -5.16% -9.03% -2.38%
Other Assets $90.60M $92.80M $86.70M
YoY Change 7.35% 4.86% 2.73%
Total Long-Term Assets $4.572B $4.602B $4.623B
YoY Change 28.61% 28.54% 34.0%
TOTAL ASSETS
Total Short-Term Assets $3.025B $2.739B $2.869B
Total Long-Term Assets $4.572B $4.602B $4.623B
Total Assets $7.597B $7.341B $7.492B
YoY Change 27.01% 25.32% 24.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $457.3M $280.3M $406.6M
YoY Change 17.41% 9.66% 6.47%
Accrued Expenses $107.8M $91.10M $110.4M
YoY Change -44.75% 4.23% 31.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $36.80M $36.50M $39.30M
YoY Change -57.51% -56.34% -55.74%
Total Short-Term Liabilities $746.2M $573.4M $713.7M
YoY Change 11.17% -0.83% 1.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.091B $2.073B $2.113B
YoY Change 96.56% 84.42% 65.23%
Other Long-Term Liabilities $36.10M $35.90M $34.80M
YoY Change 32.23% 32.47% 27.47%
Total Long-Term Liabilities $2.127B $2.108B $2.148B
YoY Change 7691.58% 83.2% 64.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $746.2M $573.4M $713.7M
Total Long-Term Liabilities $2.127B $2.108B $2.148B
Total Liabilities $2.873B $2.682B $2.861B
YoY Change 23.09% 55.1% 42.64%
SHAREHOLDERS EQUITY
Retained Earnings $3.123B $3.063B $3.026B
YoY Change 7.79% 7.94% 9.0%
Common Stock $831.6M $818.3M $805.0M
YoY Change 9.35% 13.31% 15.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.940B $3.875B $3.821B
YoY Change
Total Liabilities & Shareholders Equity $7.597B $7.341B $7.492B
YoY Change 27.01% 25.32% 24.24%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $87.90M $62.30M $96.00M
YoY Change 4.02% -22.9% -3.42%
Depreciation, Depletion And Amortization $51.90M $51.30M $49.90M
YoY Change 26.28% 29.22% 33.78%
Cash From Operating Activities $68.80M $120.3M $229.1M
YoY Change -4.71% -63.88% -7.47%
INVESTING ACTIVITIES
Capital Expenditures $28.90M -$49.30M -$44.40M
YoY Change 7.84% -35.64% -12.25%
Acquisitions
YoY Change
Other Investing Activities $9.100M -$31.30M $6.500M
YoY Change -224.66% -65.72% 58.54%
Cash From Investing Activities -$38.00M -$80.60M -$37.90M
YoY Change 94.87% -52.0% -18.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $141.7M
YoY Change 28.82%
Cash From Financing Activities 200.0K -60.70M -188.6M
YoY Change -100.4% -68.02% 9.08%
NET CHANGE
Cash From Operating Activities 68.80M 120.3M 229.1M
Cash From Investing Activities -38.00M -80.60M -37.90M
Cash From Financing Activities 200.0K -60.70M -188.6M
Net Change In Cash 31.00M -21.00M 2.600M
YoY Change 933.33% -14.63% -90.78%
FREE CASH FLOW
Cash From Operating Activities $68.80M $120.3M $229.1M
Capital Expenditures $28.90M -$49.30M -$44.40M
Free Cash Flow $39.90M $169.6M $273.5M
YoY Change -12.11% -58.6% -8.28%

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2443500000 USD
CY2013Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1496500000 USD
CY2013Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1826700000 USD
CY2013Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1800500000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
528800000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
621600000 USD

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