2016 Q1 Form 10-Q Financial Statement

#000009694316000199 Filed on April 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $424.9M $429.4M
YoY Change -1.06% -2.08%
Cost Of Revenue $199.7M $206.8M
YoY Change -3.41% -4.87%
Gross Profit $225.1M $222.6M
YoY Change 1.13% 0.67%
Gross Profit Margin 52.99% 51.84%
Selling, General & Admin $136.3M $139.7M
YoY Change -2.4% -0.43%
% of Gross Profit 60.56% 62.75%
Research & Development $12.35M $12.88M
YoY Change -4.12% -8.38%
% of Gross Profit 5.49% 5.79%
Depreciation & Amortization $12.60M $10.92M
YoY Change 15.46% -5.74%
% of Gross Profit 5.6% 4.9%
Operating Expenses $148.7M $152.6M
YoY Change -2.54% -1.15%
Operating Profit $67.50M $65.61M
YoY Change 2.88% 11.16%
Interest Expense $13.78M $17.17M
YoY Change -19.73% 11.48%
% of Operating Profit 20.42% 26.17%
Other Income/Expense, Net
YoY Change
Pretax Income $53.79M $48.61M
YoY Change 10.67% 10.96%
Income Tax $2.613M $9.332M
% Of Pretax Income 4.86% 19.2%
Net Earnings $50.69M $38.35M
YoY Change 32.17% 9.71%
Net Earnings / Revenue 11.93% 8.93%
Basic Earnings Per Share $1.22 $0.92
Diluted Earnings Per Share $1.04 $0.81
COMMON SHARES
Basic Shares Outstanding 41.65M shares 41.47M shares
Diluted Shares Outstanding 48.78M shares 47.30M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $399.6M $315.7M
YoY Change 26.56% -26.22%
Cash & Equivalents $392.6M $308.8M
Short-Term Investments $7.007M $6.954M
Other Short-Term Assets $78.90M $138.5M
YoY Change -43.03% -9.89%
Inventory $338.9M $338.7M
Prepaid Expenses
Receivables $274.7M $284.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.085B $1.071B
YoY Change 1.33% -12.28%
LONG-TERM ASSETS
Property, Plant & Equipment $318.2M $310.1M
YoY Change 2.6% -5.65%
Goodwill $1.303B $1.294B
YoY Change 0.77% -5.73%
Intangibles $1.189B $1.184B
YoY Change 0.45% -5.36%
Long-Term Investments $200.0K $700.0K
YoY Change -71.43% -53.33%
Other Assets $45.41M $63.81M
YoY Change -28.83% -5.87%
Total Long-Term Assets $2.858B $2.853B
YoY Change 0.2% -5.58%
TOTAL ASSETS
Total Short-Term Assets $1.085B $1.071B
Total Long-Term Assets $2.858B $2.853B
Total Assets $3.943B $3.924B
YoY Change 0.51% -7.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.31M $75.31M
YoY Change -2.65% 5.93%
Accrued Expenses $68.80M $71.91M
YoY Change -4.32% -9.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $421.2M $401.6M
YoY Change 4.89% -213.26%
Total Short-Term Liabilities $674.7M $664.4M
YoY Change 1.54% 5.16%
LONG-TERM LIABILITIES
Long-Term Debt $642.0M $700.0M
YoY Change -8.29% -24.73%
Other Long-Term Liabilities $57.73M $59.87M
YoY Change -3.58% 20.69%
Total Long-Term Liabilities $699.7M $759.9M
YoY Change -7.92% -22.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $674.7M $664.4M
Total Long-Term Liabilities $699.7M $759.9M
Total Liabilities $1.869B $2.063B
YoY Change -9.38% -10.18%
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 $2.059B $1.858B
YoY Change
Total Liabilities & Shareholders Equity $3.943B $3.924B
YoY Change 0.51% -7.51%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $50.69M $38.35M
YoY Change 32.17% 9.71%
Depreciation, Depletion And Amortization $12.60M $10.92M
YoY Change 15.46% -5.74%
Cash From Operating Activities $66.70M $41.20M
YoY Change 61.89% 0.98%
INVESTING ACTIVITIES
Capital Expenditures $7.822M $14.45M
YoY Change -45.85% 19.29%
Acquisitions
YoY Change
Other Investing Activities $1.300M -$7.400M
YoY Change -117.57% -72.99%
Cash From Investing Activities -$6.600M -$21.80M
YoY Change -69.72% -44.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $9.000K $52.00K
YoY Change -82.69%
Cash From Financing Activities -11.10M 11.60M
YoY Change -195.69% -184.06%
NET CHANGE
Cash From Operating Activities 66.70M 41.20M
Cash From Investing Activities -6.600M -21.80M
Cash From Financing Activities -11.10M 11.60M
Net Change In Cash 49.00M 31.00M
YoY Change 58.06% -348.0%
FREE CASH FLOW
Cash From Operating Activities $66.70M $41.20M
Capital Expenditures $7.822M $14.45M
Free Cash Flow $58.88M $26.76M
YoY Change 120.06% -6.75%

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CY2015Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2016Q1 us-gaap Research And Development Expense
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12884000 USD
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CY2016Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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0 USD
CY2016Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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12877000 USD
CY2016Q1 us-gaap Temporary Equity Issue Period Increase Or Decrease
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12877000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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48782000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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41469000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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41647000 shares

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