2017 Q1 Form 10-K Financial Statement

#000119312517036139 Filed on February 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1 2015 Q4
Revenue $851.7M $882.6M
YoY Change -7.1%
Cost Of Revenue $439.4M $414.6M
YoY Change -1.28%
Gross Profit $412.3M $406.9M
YoY Change -12.59%
Gross Profit Margin 48.41% 46.1%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.40M $20.50M
YoY Change 4.39%
% of Gross Profit 5.19% 5.04%
Operating Expenses $265.5M $263.3M
YoY Change -5.68%
Operating Profit $146.8M $187.1M
YoY Change -22.82%
Interest Expense -$14.40M $13.00M
YoY Change 108.7%
% of Operating Profit -9.81% 6.95%
Other Income/Expense, Net -$1.700M -$500.0K
YoY Change -80.68%
Pretax Income $193.8M $173.6M
YoY Change 11.76%
Income Tax $59.30M $53.90M
% Of Pretax Income 30.6% 31.05%
Net Earnings $131.4M $116.8M
YoY Change 13.08%
Net Earnings / Revenue 15.43% 13.23%
Basic Earnings Per Share $2.26 $2.01
Diluted Earnings Per Share $2.22 $1.98
COMMON SHARES
Basic Shares Outstanding 57.97M shares 58.09M shares 58.08M shares
Diluted Shares Outstanding 59.08M shares

Balance Sheet

Concept 2017 Q1 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.80M $119.2M
YoY Change -30.17%
Cash & Equivalents $92.80M $119.2M
Short-Term Investments
Other Short-Term Assets $106.3M $218.3M
YoY Change -52.22%
Inventory $497.8M $527.7M
Prepaid Expenses
Receivables $562.5M $571.2M
Other Receivables $529.4M $516.5M
Total Short-Term Assets $1.789B $1.953B
YoY Change -3.76%
LONG-TERM ASSETS
Property, Plant & Equipment $413.5M $413.2M
YoY Change 2.22%
Goodwill $790.1M $798.7M
YoY Change -2.54%
Intangibles $257.3M $255.5M
YoY Change -2.87%
Long-Term Investments $14.10M $13.60M
YoY Change 6.02%
Other Assets $44.00M $47.20M
YoY Change -6.98%
Total Long-Term Assets $2.542B $2.539B
YoY Change 3.7%
TOTAL ASSETS
Total Short-Term Assets $1.789B $1.953B
Total Long-Term Assets $2.542B $2.539B
Total Assets $4.331B $4.491B
YoY Change 0.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $148.3M $178.1M
YoY Change 2.28%
Accrued Expenses $52.10M $48.70M
YoY Change -3.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.40M $0.00
YoY Change
Total Short-Term Liabilities $670.2M $785.5M
YoY Change -6.75%
LONG-TERM LIABILITIES
Long-Term Debt $861.7M $864.1M
YoY Change -0.12%
Other Long-Term Liabilities $88.50M $86.90M
YoY Change 5.61%
Total Long-Term Liabilities $950.2M $951.0M
YoY Change 0.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $670.2M $785.5M
Total Long-Term Liabilities $950.2M $951.0M
Total Liabilities $1.900B $2.113B
YoY Change -8.84%
SHAREHOLDERS EQUITY
Retained Earnings $2.987B $2.891B
YoY Change 13.26%
Common Stock $67.40M $67.40M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $573.7M $569.1M
YoY Change 13.99%
Treasury Stock Shares 9.306M shares 9.323M shares
Shareholders Equity $2.413B $2.361B
YoY Change
Total Liabilities & Shareholders Equity $4.331B $4.491B
YoY Change 0.49%

Cashflow Statement

Concept 2017 Q1 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income $131.4M $116.8M
YoY Change 13.08%
Depreciation, Depletion And Amortization $21.40M $20.50M
YoY Change 4.39%
Cash From Operating Activities $144.4M $113.7M
YoY Change 48.56%
INVESTING ACTIVITIES
Capital Expenditures -$16.10M -$18.50M
YoY Change -6.94%
Acquisitions
YoY Change
Other Investing Activities -$58.50M -$68.40M
YoY Change 103.83%
Cash From Investing Activities -$74.60M -$86.90M
YoY Change 62.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -94.90M -30.90M
YoY Change 130.34%
NET CHANGE
Cash From Operating Activities 144.4M 113.7M
Cash From Investing Activities -74.60M -86.90M
Cash From Financing Activities -94.90M -30.90M
Net Change In Cash -25.10M -4.100M
YoY Change -351.0%
FREE CASH FLOW
Cash From Operating Activities $144.4M $113.7M
Capital Expenditures -$16.10M -$18.50M
Free Cash Flow $160.5M $132.2M
YoY Change 40.17%

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300000
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px" align="justify"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of estimates:</b> The preparation of financial statements in conformity with 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.</font></p> </div>
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CY2016 us-gaap Guarantees Indemnifications And Warranties Policies
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500000
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CY2016 dei Trading Symbol
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CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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135000000
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CY2016 sna Notes And Loans Receivable Allowance For Credit Losses Write Offs
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