2015 Q1 Form 10-Q Financial Statement

#000009694315000088 Filed on April 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $429.4M $438.5M
YoY Change -2.08% 6.47%
Cost Of Revenue $206.8M $217.4M
YoY Change -4.87% 2.85%
Gross Profit $222.6M $221.2M
YoY Change 0.67% 10.29%
Gross Profit Margin 51.84% 50.43%
Selling, General & Admin $139.7M $140.3M
YoY Change -0.43% 10.51%
% of Gross Profit 62.75% 63.44%
Research & Development $12.88M $14.06M
YoY Change -8.38% -6.3%
% of Gross Profit 5.79% 6.36%
Depreciation & Amortization $10.92M $11.58M
YoY Change -5.74% 14.05%
% of Gross Profit 4.9% 5.24%
Operating Expenses $152.6M $154.4M
YoY Change -1.15% 8.74%
Operating Profit $65.61M $59.02M
YoY Change 11.16% 19.46%
Interest Expense $17.17M $15.40M
YoY Change 11.48% 8.53%
% of Operating Profit 26.17% 26.1%
Other Income/Expense, Net
YoY Change
Pretax Income $48.61M $43.80M
YoY Change 10.96% 23.85%
Income Tax $9.332M $8.534M
% Of Pretax Income 19.2% 19.48%
Net Earnings $38.35M $34.96M
YoY Change 9.71% 29.29%
Net Earnings / Revenue 8.93% 7.97%
Basic Earnings Per Share $0.92 $0.85
Diluted Earnings Per Share $0.81 $0.76
COMMON SHARES
Basic Shares Outstanding 41.47M shares 41.26M shares
Diluted Shares Outstanding 47.30M shares 45.75M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $315.7M $427.9M
YoY Change -26.22% 39.57%
Cash & Equivalents $308.8M $421.6M
Short-Term Investments $6.954M $6.259M
Other Short-Term Assets $138.5M $153.7M
YoY Change -9.89% 38.34%
Inventory $338.7M $349.7M
Prepaid Expenses
Receivables $284.8M $295.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.071B $1.221B
YoY Change -12.28% 15.42%
LONG-TERM ASSETS
Property, Plant & Equipment $310.1M $328.7M
YoY Change -5.65% 9.26%
Goodwill $1.294B $1.372B
YoY Change -5.73% 10.93%
Intangibles $1.184B $1.251B
YoY Change -5.36% 20.87%
Long-Term Investments $700.0K $1.500M
YoY Change -53.33% -21.05%
Other Assets $63.81M $67.79M
YoY Change -5.87% 9.73%
Total Long-Term Assets $2.853B $3.022B
YoY Change -5.58% 14.62%
TOTAL ASSETS
Total Short-Term Assets $1.071B $1.221B
Total Long-Term Assets $2.853B $3.022B
Total Assets $3.924B $4.242B
YoY Change -7.51% 14.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.31M $71.09M
YoY Change 5.93% 5.51%
Accrued Expenses $71.91M $79.46M
YoY Change -9.5% 7.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $359.3M
YoY Change -100.0% 7543.85%
Long-Term Debt Due $401.6M -$354.6M
YoY Change -213.26% -7643.85%
Total Short-Term Liabilities $664.4M $631.8M
YoY Change 5.16% 141.64%
LONG-TERM LIABILITIES
Long-Term Debt $700.0M $930.0M
YoY Change -24.73% -3.93%
Other Long-Term Liabilities $59.87M $49.61M
YoY Change 20.69% -4.22%
Total Long-Term Liabilities $759.9M $979.6M
YoY Change -22.43% -3.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $664.4M $631.8M
Total Long-Term Liabilities $759.9M $979.6M
Total Liabilities $2.063B $2.297B
YoY Change -10.18% 19.71%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.858B $1.942B
YoY Change
Total Liabilities & Shareholders Equity $3.924B $4.242B
YoY Change -7.51% 14.85%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $38.35M $34.96M
YoY Change 9.71% 29.29%
Depreciation, Depletion And Amortization $10.92M $11.58M
YoY Change -5.74% 14.05%
Cash From Operating Activities $41.20M $40.80M
YoY Change 0.98% 786.96%
INVESTING ACTIVITIES
Capital Expenditures $14.45M $12.11M
YoY Change 19.29% -22.55%
Acquisitions
YoY Change
Other Investing Activities -$7.400M -$27.40M
YoY Change -72.99% -1926.67%
Cash From Investing Activities -$21.80M -$39.50M
YoY Change -44.81% 180.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $52.00K $0.00
YoY Change
Cash From Financing Activities 11.60M -13.80M
YoY Change -184.06% -13.75%
NET CHANGE
Cash From Operating Activities 41.20M 40.80M
Cash From Investing Activities -21.80M -39.50M
Cash From Financing Activities 11.60M -13.80M
Net Change In Cash 31.00M -12.50M
YoY Change -348.0% -50.98%
FREE CASH FLOW
Cash From Operating Activities $41.20M $40.80M
Capital Expenditures $14.45M $12.11M
Free Cash Flow $26.76M $28.69M
YoY Change -6.75% -360.0%

Facts In Submission

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90000 USD
CY2015Q1 us-gaap Payments Of Financing Costs
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60000 USD
CY2015Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
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12109000 USD
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CY2015Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
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52000 USD
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CY2014Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2015Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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41469000 shares

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