2015 Q2 Form 10-Q Financial Statement

#000084986915000035 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $914.2M $917.3M
YoY Change -0.34% 4.24%
Cost Of Revenue $780.6M $773.6M
YoY Change 0.9% 2.89%
Gross Profit $133.7M $143.7M
YoY Change -6.99% 12.13%
Gross Profit Margin 14.62% 15.67%
Selling, General & Admin $54.41M $56.77M
YoY Change -4.15% 8.49%
% of Gross Profit 40.71% 39.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.30M $38.10M
YoY Change -4.72% -9.07%
% of Gross Profit 27.16% 26.51%
Operating Expenses $54.41M $56.77M
YoY Change -4.15% 8.49%
Operating Profit $78.29M $86.08M
YoY Change -9.05% 14.92%
Interest Expense $16.76M $18.96M
YoY Change -11.58% 22.75%
% of Operating Profit 21.41% 22.02%
Other Income/Expense, Net
YoY Change
Pretax Income $61.53M $67.12M
YoY Change -8.33% 12.89%
Income Tax $19.29M $23.12M
% Of Pretax Income 31.34% 34.44%
Net Earnings $42.24M $44.00M
YoY Change -4.0% -26.08%
Net Earnings / Revenue 4.62% 4.8%
Basic Earnings Per Share $0.70 $0.69
Diluted Earnings Per Share $0.70 $0.69
COMMON SHARES
Basic Shares Outstanding 60.47M shares 63.53M shares
Diluted Shares Outstanding 60.73M shares 63.87M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.7M $133.9M
YoY Change -5.38% 18.29%
Cash & Equivalents $126.7M $133.9M
Short-Term Investments
Other Short-Term Assets $58.30M $61.40M
YoY Change -5.05% -3.46%
Inventory $753.3M $748.2M
Prepaid Expenses
Receivables $443.9M $447.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.360B $1.391B
YoY Change -2.26% 3.33%
LONG-TERM ASSETS
Property, Plant & Equipment $1.083B $1.103B
YoY Change -1.84% 4.88%
Goodwill $620.5M $649.5M
YoY Change -4.46% 27.64%
Intangibles $203.9M $222.3M
YoY Change -8.31% 32.61%
Long-Term Investments
YoY Change
Other Assets $236.3M $274.8M
YoY Change -14.04% 104.25%
Total Long-Term Assets $2.143B $2.250B
YoY Change -4.73% 20.77%
TOTAL ASSETS
Total Short-Term Assets $1.360B $1.391B
Total Long-Term Assets $2.143B $2.250B
Total Assets $3.503B $3.641B
YoY Change -3.78% 13.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $375.0M $307.1M
YoY Change 22.11% 13.11%
Accrued Expenses $74.77M $71.96M
YoY Change 3.91% 19.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $532.6M $463.1M
YoY Change 15.01% -25.24%
Total Short-Term Liabilities $1.038B $902.6M
YoY Change 14.95% -10.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.438B $1.554B
YoY Change -7.49% 23.48%
Other Long-Term Liabilities $444.7M $426.3M
YoY Change 4.32% 9.5%
Total Long-Term Liabilities $1.883B $1.981B
YoY Change -4.95% 20.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.038B $902.6M
Total Long-Term Liabilities $1.883B $1.981B
Total Liabilities $2.920B $2.883B
YoY Change 1.28% 8.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.369B $1.226B
YoY Change 11.67% 12.74%
Common Stock $233.0M $219.0M
YoY Change 6.38% 4.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $836.1M $642.8M
YoY Change 30.07% 2.2%
Treasury Stock Shares 27.18M shares 24.15M shares
Shareholders Equity $583.0M $757.7M
YoY Change
Total Liabilities & Shareholders Equity $3.503B $3.641B
YoY Change -3.78% 13.46%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $42.24M $44.00M
YoY Change -4.0% -26.08%
Depreciation, Depletion And Amortization $36.30M $38.10M
YoY Change -4.72% -9.07%
Cash From Operating Activities $7.700M -$59.70M
YoY Change -112.9% -33.81%
INVESTING ACTIVITIES
Capital Expenditures -$49.40M -$33.00M
YoY Change 49.7% 18.28%
Acquisitions
YoY Change
Other Investing Activities -$600.0K $200.0K
YoY Change -400.0% -96.77%
Cash From Investing Activities -$49.90M -$32.80M
YoY Change 52.13% 50.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 39.80M 143.2M
YoY Change -72.21% 115.34%
NET CHANGE
Cash From Operating Activities 7.700M -59.70M
Cash From Investing Activities -49.90M -32.80M
Cash From Financing Activities 39.80M 143.2M
Net Change In Cash -2.400M 50.70M
YoY Change -104.73% -211.43%
FREE CASH FLOW
Cash From Operating Activities $7.700M -$59.70M
Capital Expenditures -$49.40M -$33.00M
Free Cash Flow $57.10M -$26.70M
YoY Change -313.86% -57.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
352000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
170000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3160000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7088000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
11324000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18945000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-4000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
7100000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3550000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6294000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12522000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17155000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
133000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
544000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-846000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1620000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-900000 USD
CY2014Q2 us-gaap Other Inventory
OtherInventory
12807000 USD
CY2014Q4 us-gaap Other Inventory
OtherInventory
13541000 USD
CY2015Q2 us-gaap Other Inventory
OtherInventory
14086000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
426288000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
455573000 USD
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7735000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
170132000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5019000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19356000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
20113000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
690000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60004000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
98183000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61374000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
75744000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
58285000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
732215000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3970000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
678872000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
585364000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
372000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
128000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
44003000 USD
us-gaap Profit Loss
ProfitLoss
75479000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
42244000 USD
us-gaap Profit Loss
ProfitLoss
75548000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1103030000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1063631000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1082712000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2491000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
340779000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
169284000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
751509000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5649000 USD
CY2015Q2 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
2500000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
6368000 USD
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
3486000 USD
CY2014Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
862000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2449000 USD
CY2015Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
959000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
1684000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1225877000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1313521000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1368956000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
917336000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1773182000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
914229000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1730829000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
56765000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
115175000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
54407000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
108858000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3620968 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Other Share Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease
3000000 shares
CY2015Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
106000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
713843000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
757658000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
709956000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
583026000 USD
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
27176938 shares
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
642827000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
664266000 USD
CY2015Q2 us-gaap Treasury Stock Value
TreasuryStockValue
836144000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7735000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
170132000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
349000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
388000 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
255000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
268000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63874000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63899000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60728000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61899000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63525000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63511000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60473000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61631000 shares

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