2014 Q2 Form 10-Q Financial Statement

#000110465914054978 Filed on July 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $489.1M $1.162B
YoY Change -57.91% -1.7%
Cost Of Revenue $839.6M $831.8M
YoY Change 0.94% -8.45%
Gross Profit $108.2M $330.1M
YoY Change -67.22% 3.22%
Gross Profit Margin 22.12% 28.41%
Selling, General & Admin $242.2M $233.1M
YoY Change 3.9% -5.44%
% of Gross Profit 223.84% 70.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.80M $27.00M
YoY Change 10.37% -7.85%
% of Gross Profit 27.54% 8.18%
Operating Expenses $242.2M $233.1M
YoY Change 3.9% -5.44%
Operating Profit $85.10M $69.10M
YoY Change 23.15% 0.14%
Interest Expense $16.30M $27.10M
YoY Change -39.85% -2.52%
% of Operating Profit 19.15% 39.22%
Other Income/Expense, Net -$1.200M -$2.300M
YoY Change -47.83% -17.86%
Pretax Income $70.40M $53.20M
YoY Change 32.33% 13.43%
Income Tax $16.90M $14.00M
% Of Pretax Income 24.01% 26.32%
Net Earnings $49.80M $47.20M
YoY Change 5.51% -0.42%
Net Earnings / Revenue 10.18% 4.06%
Basic Earnings Per Share $1.18 $0.99
Diluted Earnings Per Share $1.18 $0.98
COMMON SHARES
Basic Shares Outstanding 43.07M shares 45.68M shares
Diluted Shares Outstanding 43.90M shares 45.97M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $466.2M $352.9M
YoY Change 32.11% 7.76%
Cash & Equivalents $466.2M $352.9M
Short-Term Investments
Other Short-Term Assets $124.7M $145.4M
YoY Change -14.24% -9.97%
Inventory $551.2M $624.2M
Prepaid Expenses
Receivables $1.173B $1.237B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.505B $2.436B
YoY Change 2.81% -24.65%
LONG-TERM ASSETS
Property, Plant & Equipment $683.4M $720.2M
YoY Change -5.11% 11.78%
Goodwill $1.520B $1.552B
YoY Change -2.1% -12.62%
Intangibles $919.1M
YoY Change -3.33%
Long-Term Investments
YoY Change
Other Assets $817.9M $772.2M
YoY Change 5.92% 4.48%
Total Long-Term Assets $3.936B $3.964B
YoY Change -0.7% -3.57%
TOTAL ASSETS
Total Short-Term Assets $2.505B $2.436B
Total Long-Term Assets $3.936B $3.964B
Total Assets $6.441B $6.400B
YoY Change 0.63% -12.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $495.6M $527.2M
YoY Change -5.99% -1.48%
Accrued Expenses $929.3M $910.5M
YoY Change 2.06% -9.48%
Deferred Revenue
YoY Change
Short-Term Debt $74.50M $34.30M
YoY Change 117.2% -85.55%
Long-Term Debt Due $9.400M $80.90M
YoY Change -88.38% -75.6%
Total Short-Term Liabilities $1.657B $1.559B
YoY Change 6.3% -33.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.181B $1.577B
YoY Change -25.09% -1.1%
Other Long-Term Liabilities $987.2M $931.8M
YoY Change 5.95% -14.14%
Total Long-Term Liabilities $2.527B $2.829B
YoY Change -10.69% 0.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.657B $1.559B
Total Long-Term Liabilities $2.527B $2.829B
Total Liabilities $4.184B $4.388B
YoY Change -4.65% -15.1%
SHAREHOLDERS EQUITY
Retained Earnings $2.640B $2.715B
YoY Change -2.75% 7.57%
Common Stock $1.590B $1.565B
YoY Change 1.6% -38.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.278B $2.996B
YoY Change 9.42% 15.98%
Treasury Stock Shares 57.05M shares 54.39M shares
Shareholders Equity $2.244B $1.999B
YoY Change
Total Liabilities & Shareholders Equity $6.441B $6.400B
YoY Change 0.63% -12.85%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $49.80M $47.20M
YoY Change 5.51% -0.42%
Depreciation, Depletion And Amortization $29.80M $27.00M
YoY Change 10.37% -7.85%
Cash From Operating Activities -$41.40M -$243.7M
YoY Change -83.01% -1623.13%
INVESTING ACTIVITIES
Capital Expenditures -$12.30M -$16.80M
YoY Change -26.79% 9.09%
Acquisitions
YoY Change
Other Investing Activities $67.10M -$5.600M
YoY Change -1298.21% -380.0%
Cash From Investing Activities $54.80M -$22.40M
YoY Change -344.64% 67.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.40M -136.7M
YoY Change -85.81% -15288.89%
NET CHANGE
Cash From Operating Activities -41.40M -243.7M
Cash From Investing Activities 54.80M -22.40M
Cash From Financing Activities -19.40M -136.7M
Net Change In Cash -6.000M -402.8M
YoY Change -98.51% -11608.57%
FREE CASH FLOW
Cash From Operating Activities -$41.40M -$243.7M
Capital Expenditures -$12.30M -$16.80M
Free Cash Flow -$29.10M -$226.9M
YoY Change -87.17% -822.61%

Facts In Submission

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dei Entity Registrant Name
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dei Entity Central Index Key
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dei Document Type
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dei Document Period End Date
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dei Amendment Flag
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us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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