2016 Q3 Form 10-Q Financial Statement

#000119312516653238 Filed on July 21, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $941.6M $910.5M
YoY Change 3.42% 5.88%
Cost Of Revenue $441.0M $432.8M
YoY Change 1.89% 4.95%
Gross Profit $431.3M $419.0M
YoY Change 2.94% 6.37%
Gross Profit Margin 45.81% 46.02%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.70M $20.60M
YoY Change 5.34% 4.57%
% of Gross Profit 5.03% 4.92%
Operating Expenses $264.9M $268.2M
YoY Change -1.23% 1.86%
Operating Profit $215.9M $192.2M
YoY Change 12.33% 14.2%
Interest Expense $12.90M $12.90M
YoY Change 0.0% 1.57%
% of Operating Profit 5.97% 6.71%
Other Income/Expense, Net $1.200M -$700.0K
YoY Change -271.43% -22.22%
Pretax Income $204.2M $178.6M
YoY Change 14.33% 15.45%
Income Tax $62.20M $56.20M
% Of Pretax Income 30.46% 31.47%
Net Earnings $140.1M $120.0M
YoY Change 16.75% 15.72%
Net Earnings / Revenue 14.88% 13.18%
Basic Earnings Per Share $2.41 $2.07
Diluted Earnings Per Share $2.36 $2.03
COMMON SHARES
Basic Shares Outstanding 58.10M shares 58.11M shares
Diluted Shares Outstanding 59.40M shares 59.11M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.9M $124.6M
YoY Change -3.77% -0.08%
Cash & Equivalents $119.9M $124.6M
Short-Term Investments
Other Short-Term Assets $119.6M $225.3M
YoY Change -46.92% 16.74%
Inventory $507.1M $499.2M
Prepaid Expenses
Receivables $565.9M $558.0M
Other Receivables $539.9M $490.8M
Total Short-Term Assets $1.852B $1.898B
YoY Change -2.4% 2.03%
LONG-TERM ASSETS
Property, Plant & Equipment $418.5M $411.2M
YoY Change 1.78% 1.76%
Goodwill $788.2M $787.8M
YoY Change 0.05% -4.91%
Intangibles $251.3M $258.2M
YoY Change -2.67% -4.51%
Long-Term Investments $15.10M $13.30M
YoY Change 13.53% -2.92%
Other Assets $50.40M $45.90M
YoY Change 9.8% -14.53%
Total Long-Term Assets $2.653B $2.493B
YoY Change 6.41% 3.51%
TOTAL ASSETS
Total Short-Term Assets $1.852B $1.898B
Total Long-Term Assets $2.653B $2.493B
Total Assets $4.505B $4.391B
YoY Change 2.61% 2.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.1M $166.1M
YoY Change 1.81% -0.89%
Accrued Expenses $44.90M $45.10M
YoY Change -0.44% -11.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $174.4M $61.00M
YoY Change 185.9% 3.92%
Total Short-Term Liabilities $853.1M $739.8M
YoY Change 15.31% 0.8%
LONG-TERM LIABILITIES
Long-Term Debt $715.2M $861.4M
YoY Change -16.97% 0.1%
Other Long-Term Liabilities $92.40M $88.00M
YoY Change 5.0% 4.39%
Total Long-Term Liabilities $807.6M $949.4M
YoY Change -14.94% 0.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $853.1M $739.8M
Total Long-Term Liabilities $807.6M $949.4M
Total Liabilities $1.904B $2.075B
YoY Change -8.24% 5.09%
SHAREHOLDERS EQUITY
Retained Earnings $3.184B $2.806B
YoY Change 13.49% 9.93%
Common Stock $67.40M $67.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $609.0M $557.9M
YoY Change 9.16% 12.32%
Treasury Stock Shares 9.319M shares 9.289M shares
Shareholders Equity $2.584B $2.299B
YoY Change
Total Liabilities & Shareholders Equity $4.505B $4.391B
YoY Change 2.61% 2.86%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $140.1M $120.0M
YoY Change 16.75% 15.72%
Depreciation, Depletion And Amortization $21.70M $20.60M
YoY Change 5.34% 4.57%
Cash From Operating Activities $162.1M $160.3M
YoY Change 1.12% 82.16%
INVESTING ACTIVITIES
Capital Expenditures -$20.60M -$27.70M
YoY Change -25.63% 24.22%
Acquisitions
YoY Change
Other Investing Activities -$74.70M -$57.70M
YoY Change 29.46% 68.22%
Cash From Investing Activities -$95.30M -$85.40M
YoY Change 11.59% 50.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.60M -64.90M
YoY Change -18.95% 201.86%
NET CHANGE
Cash From Operating Activities 162.1M 160.3M
Cash From Investing Activities -95.30M -85.40M
Cash From Financing Activities -52.60M -64.90M
Net Change In Cash 14.20M 10.00M
YoY Change 42.0% 1.01%
FREE CASH FLOW
Cash From Operating Activities $162.1M $160.3M
Capital Expenditures -$20.60M -$27.70M
Free Cash Flow $182.7M $188.0M
YoY Change -2.82% 70.44%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>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 U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
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