2016 Q2 Form 10-Q Financial Statement

#000156459016022974 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $391.0M $405.0M
YoY Change -3.46% 25.39%
Cost Of Revenue $20.00M $16.00M
YoY Change 25.0% 77.78%
Gross Profit $371.0M $389.0M
YoY Change -4.63% 23.89%
Gross Profit Margin 94.88% 96.05%
Selling, General & Admin $298.0M $286.0M
YoY Change 4.2% 79.87%
% of Gross Profit 80.32% 73.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.00M $23.00M
YoY Change 4.35% 64.29%
% of Gross Profit 6.47% 5.91%
Operating Expenses $323.0M $310.0M
YoY Change 4.19% 94.97%
Operating Profit $47.00M $79.00M
YoY Change -40.51% -21.0%
Interest Expense $3.000M $3.000M
YoY Change 0.0% -250.0%
% of Operating Profit 6.38% 3.8%
Other Income/Expense, Net -$3.000M
YoY Change
Pretax Income $44.00M $82.00M
YoY Change -46.34% -16.33%
Income Tax $10.00M $24.00M
% Of Pretax Income 22.73% 29.27%
Net Earnings $34.00M $58.00M
YoY Change -41.38% -14.71%
Net Earnings / Revenue 8.7% 14.32%
Basic Earnings Per Share $0.23 $0.40
Diluted Earnings Per Share $0.23 $0.40
COMMON SHARES
Basic Shares Outstanding 145.7M
Diluted Shares Outstanding 147.1M

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $853.0M $711.0M
YoY Change 19.97% 18.11%
Cash & Equivalents $766.0M $583.0M
Short-Term Investments $87.00M $128.0M
Other Short-Term Assets $24.00M $34.00M
YoY Change -29.41% 6.25%
Inventory
Prepaid Expenses
Receivables $230.0M $243.0M
Other Receivables $0.00 $24.00M
Total Short-Term Assets $1.107B $1.012B
YoY Change 9.39% 18.36%
LONG-TERM ASSETS
Property, Plant & Equipment $256.0M $247.0M
YoY Change 3.64% 75.18%
Goodwill $743.0M
YoY Change 22.41%
Intangibles $199.0M
YoY Change 76.11%
Long-Term Investments $38.00M $35.00M
YoY Change 8.57% -57.83%
Other Assets $82.00M $41.00M
YoY Change 100.0% 28.13%
Total Long-Term Assets $1.278B $1.265B
YoY Change 1.03% 29.61%
TOTAL ASSETS
Total Short-Term Assets $1.107B $1.012B
Total Long-Term Assets $1.278B $1.265B
Total Assets $2.385B $2.277B
YoY Change 4.74% 24.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.00M $38.00M
YoY Change -34.21% 40.74%
Accrued Expenses $153.0M $148.0M
YoY Change 3.38% 40.95%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $1.000M
YoY Change 0.0% -97.5%
Long-Term Debt Due $1.000M $1.000M
YoY Change 0.0% -97.5%
Total Short-Term Liabilities $575.0M $522.0M
YoY Change 10.15% 35.23%
LONG-TERM LIABILITIES
Long-Term Debt $91.00M $287.0M
YoY Change -68.29% 2.5%
Other Long-Term Liabilities $196.0M $178.0M
YoY Change 10.11% 60.36%
Total Long-Term Liabilities $287.0M $178.0M
YoY Change 61.24% -54.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $575.0M $522.0M
Total Long-Term Liabilities $287.0M $178.0M
Total Liabilities $862.0M $1.036B
YoY Change -16.8% 28.7%
SHAREHOLDERS EQUITY
Retained Earnings $749.0M
YoY Change 39.22%
Common Stock $687.0M
YoY Change 8.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $145.0M
YoY Change 0.0%
Treasury Stock Shares $2.194M
Shareholders Equity $1.505B $1.241B
YoY Change
Total Liabilities & Shareholders Equity $2.385B $2.277B
YoY Change 4.74% 24.36%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $34.00M $58.00M
YoY Change -41.38% -14.71%
Depreciation, Depletion And Amortization $24.00M $23.00M
YoY Change 4.35% 64.29%
Cash From Operating Activities $239.0M $200.0M
YoY Change 19.5% 26.58%
INVESTING ACTIVITIES
Capital Expenditures -$19.00M -$23.00M
YoY Change -17.39% 4.55%
Acquisitions
YoY Change
Other Investing Activities -$68.00M -$50.00M
YoY Change 36.0% -135.97%
Cash From Investing Activities -$87.00M -$73.00M
YoY Change 19.18% -162.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.00M -58.00M
YoY Change -46.55% 480.0%
NET CHANGE
Cash From Operating Activities 239.0M 200.0M
Cash From Investing Activities -87.00M -73.00M
Cash From Financing Activities -31.00M -58.00M
Net Change In Cash 121.0M 69.00M
YoY Change 75.36% -73.96%
FREE CASH FLOW
Cash From Operating Activities $239.0M $200.0M
Capital Expenditures -$19.00M -$23.00M
Free Cash Flow $258.0M $223.0M
YoY Change 15.7% 23.89%

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