2017 Q2 Form 10-Q Financial Statement

#000155203317000056 Filed on July 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $474.8M $425.7M
YoY Change 11.53% 12.47%
Cost Of Revenue $151.9M $143.8M
YoY Change 5.63% 9.35%
Gross Profit $322.9M $281.9M
YoY Change 14.54% 14.13%
Gross Profit Margin 68.01% 66.22%
Selling, General & Admin $149.2M $144.4M
YoY Change 3.32% 13.7%
% of Gross Profit 46.21% 51.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.30M $74.00M
YoY Change -21.22% 7.87%
% of Gross Profit 18.06% 26.25%
Operating Expenses $359.3M $362.2M
YoY Change -0.8% 10.73%
Operating Profit $115.5M $63.50M
YoY Change 81.89% 23.54%
Interest Expense $22.60M $21.30M
YoY Change 6.1% -52.56%
% of Operating Profit 19.57% 33.54%
Other Income/Expense, Net -$23.40M -$27.50M
YoY Change -14.91% -41.11%
Pretax Income $92.10M $36.00M
YoY Change 155.83% 665.96%
Income Tax $24.80M $16.30M
% Of Pretax Income 26.93% 45.28%
Net Earnings $64.90M $17.30M
YoY Change 275.14% -765.38%
Net Earnings / Revenue 13.67% 4.06%
Basic Earnings Per Share $0.36 $0.09
Diluted Earnings Per Share $0.34 $0.09
COMMON SHARES
Basic Shares Outstanding 181.9M shares 182.5M shares
Diluted Shares Outstanding 189.3M shares 184.4M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.4M $161.3M
YoY Change -1.18% -78.72%
Cash & Equivalents $142.0M $141.3M
Short-Term Investments $17.40M $20.00M
Other Short-Term Assets $117.6M $100.3M
YoY Change 17.25% -14.42%
Inventory
Prepaid Expenses $53.60M $52.00M
Receivables $290.7M $256.5M
Other Receivables $17.20M $18.70M
Total Short-Term Assets $550.3M $498.1M
YoY Change 10.48% -54.88%
LONG-TERM ASSETS
Property, Plant & Equipment $185.4M $192.6M
YoY Change -3.74% 4.73%
Goodwill $2.199B $2.121B
YoY Change 3.72% 5.8%
Intangibles $1.709B $1.821B
YoY Change -6.14% -1.55%
Long-Term Investments $48.00M $72.80M
YoY Change -34.07%
Other Assets $112.5M $91.80M
YoY Change 22.55% -18.4%
Total Long-Term Assets $4.206B $4.226B
YoY Change -0.46% 1.82%
TOTAL ASSETS
Total Short-Term Assets $550.3M $498.1M
Total Long-Term Assets $4.206B $4.226B
Total Assets $4.757B $4.724B
YoY Change 0.69% -10.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.5M $112.2M
YoY Change 7.4% 3.6%
Accrued Expenses $16.30M $23.90M
YoY Change -31.8% -5.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.1M $50.80M
YoY Change 97.05% -95.07%
Total Short-Term Liabilities $394.2M $326.3M
YoY Change 20.81% -74.6%
LONG-TERM LIABILITIES
Long-Term Debt $2.297B $2.350B
YoY Change -2.26% 26.93%
Other Long-Term Liabilities $29.90M $54.40M
YoY Change -45.04% 102.23%
Total Long-Term Liabilities $2.327B $2.405B
YoY Change -3.22% 28.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $394.2M $326.3M
Total Long-Term Liabilities $2.327B $2.405B
Total Liabilities $3.286B $3.343B
YoY Change -1.7% -12.13%
SHAREHOLDERS EQUITY
Retained Earnings -$176.5M -$394.4M
YoY Change -55.25% -10.24%
Common Stock $1.837B $1.834B
YoY Change 0.18% -1.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $138.8M $4.600M
YoY Change 2917.39% 6.98%
Treasury Stock Shares 4.200M shares 700.0K shares
Shareholders Equity $1.371B $1.250B
YoY Change
Total Liabilities & Shareholders Equity $4.757B $4.724B
YoY Change 0.69% -10.09%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $64.90M $17.30M
YoY Change 275.14% -765.38%
Depreciation, Depletion And Amortization $58.30M $74.00M
YoY Change -21.22% 7.87%
Cash From Operating Activities $106.9M $107.8M
YoY Change -0.83% 7.8%
INVESTING ACTIVITIES
Capital Expenditures -$32.00M -$24.00M
YoY Change 33.33% -37.17%
Acquisitions
YoY Change
Other Investing Activities $3.700M -$138.4M
YoY Change -102.67% 3542.11%
Cash From Investing Activities -$28.30M -$162.4M
YoY Change -82.57% 286.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $65.20M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -66.80M 45.10M
YoY Change -248.12% -92.64%
NET CHANGE
Cash From Operating Activities 106.9M 107.8M
Cash From Investing Activities -28.30M -162.4M
Cash From Financing Activities -66.80M 45.10M
Net Change In Cash 11.80M -9.500M
YoY Change -224.21% -101.42%
FREE CASH FLOW
Cash From Operating Activities $106.9M $107.8M
Capital Expenditures -$32.00M -$24.00M
Free Cash Flow $138.9M $131.8M
YoY Change 5.39% -4.63%

Facts In Submission

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us-gaap Income Tax Expense Benefit
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5400000 USD
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2200000 USD
us-gaap Increase Decrease In Accounts Payable Trade
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3500000 USD
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22900000 USD
us-gaap Increase Decrease In Accounts Receivable
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28600000 USD
us-gaap Increase Decrease In Other Operating Assets
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42200000 USD
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6100000 USD
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1900000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1800000 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest Expense
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41700000 USD
CY2017Q2 us-gaap Interest Expense
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22600000 USD
us-gaap Interest Expense
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44100000 USD
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1100000 USD
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1900000 USD
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1400000 USD
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2700000 USD
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62600000 USD
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71200000 USD
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CY2017Q2 us-gaap Liabilities
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CY2016Q4 us-gaap Liabilities And Stockholders Equity
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4781200000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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CY2017Q2 us-gaap Liabilities Current
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4800000 USD
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5900000 USD
CY2016Q4 us-gaap Litigation Reserve Current
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42500000 USD
CY2017Q2 us-gaap Long Term Debt
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CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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1894100000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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71000000 USD
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20500000 USD
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54500000 USD
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29900000 USD
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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29900000 USD
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us-gaap Profit Loss
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us-gaap Trading Securities Realized Gain Loss
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0 USD
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0 USD
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us-gaap Trading Securities Unrealized Holding Gain Loss
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CY2016Q4 us-gaap Treasury Stock Shares
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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184200000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189800000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182400000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182300000 shares

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