2014 Q1 Form 10-Q Financial Statement

#000110465914034116 Filed on May 02, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q3 2013 Q1
Revenue $586.3M $698.4M $642.0M
YoY Change -8.68% -2.92% -5.95%
Cost Of Revenue $386.9M $443.6M $435.8M
YoY Change -11.22% 5.85% 7.0%
Gross Profit $69.10M $87.90M $85.10M
YoY Change -18.8% -10.03% 0.47%
Gross Profit Margin 11.79% 12.59% 13.26%
Selling, General & Admin $44.20M $48.20M $48.40M
YoY Change -8.68% -6.41% -0.41%
% of Gross Profit 63.97% 54.84% 56.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.50M $15.50M $7.522M
YoY Change 79.47% 155.06% -50.53%
% of Gross Profit 19.54% 17.63% 8.84%
Operating Expenses $22.90M $47.30M $47.50M
YoY Change -51.79% -8.16% -2.46%
Operating Profit $46.19M $40.63M $37.67M
YoY Change 22.62% -16.18% 4.36%
Interest Expense $2.496M -$2.400M $2.136M
YoY Change 16.85% -269.13% 62.93%
% of Operating Profit 5.4% -5.91% 5.67%
Other Income/Expense, Net
YoY Change
Pretax Income $43.69M $38.30M $35.53M
YoY Change 22.96% -14.59% 2.15%
Income Tax $11.78M $12.90M $10.66M
% Of Pretax Income 26.96% 33.68% 30.0%
Net Earnings $31.91M $25.20M $24.87M
YoY Change 28.29% -13.6% 9.55%
Net Earnings / Revenue 5.44% 3.61% 3.87%
Basic Earnings Per Share $0.49 $0.39 $0.38
Diluted Earnings Per Share $482.5K $0.39 $0.38
COMMON SHARES
Basic Shares Outstanding 64.84M shares 64.27M shares 64.55M shares
Diluted Shares Outstanding 65.71M shares 64.85M shares 65.47M shares

Balance Sheet

Concept 2014 Q1 2013 Q3 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.2M $129.3M $159.6M
YoY Change 4.76% -8.1% 50.99%
Cash & Equivalents $167.2M $129.3M $159.6M
Short-Term Investments
Other Short-Term Assets $52.30M $61.40M $53.20M
YoY Change -1.69% 25.05% -25.49%
Inventory
Prepaid Expenses
Receivables $656.5M $660.8M $687.1M
Other Receivables $37.20M $43.40M $49.30M
Total Short-Term Assets $889.8M $871.6M $921.2M
YoY Change -3.41% 1.43% 8.85%
LONG-TERM ASSETS
Property, Plant & Equipment $80.35M $88.03M $93.19M
YoY Change -13.78% 18.46% 23.76%
Goodwill $709.5M $722.8M $777.7M
YoY Change -8.77% 13.65%
Intangibles $70.98M $86.93M
YoY Change 17.11%
Long-Term Investments $2.494M $2.198M $3.600M
YoY Change -30.72% -32.97% 5.88%
Other Assets $23.94M $27.51M $25.40M
YoY Change -5.74% 14.89% 7.63%
Total Long-Term Assets $887.3M $927.5M $1.007B
YoY Change -11.87% 14.26% 33.47%
TOTAL ASSETS
Total Short-Term Assets $889.8M $871.6M $921.2M
Total Long-Term Assets $887.3M $927.5M $1.007B
Total Assets $1.777B $1.799B $1.928B
YoY Change -7.83% 7.66% 20.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.6M $142.8M $148.1M
YoY Change 3.71% -7.27% 1.72%
Accrued Expenses $93.50M $114.8M $97.90M
YoY Change -4.49% -6.21% -3.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.500M $4.300M $1.700M
YoY Change 400.0% 86.96% -26.09%
Total Short-Term Liabilities $460.0M $483.1M $446.0M
YoY Change 3.15% -4.1% -11.58%
LONG-TERM LIABILITIES
Long-Term Debt $198.2M $203.4M $264.0M
YoY Change -24.92% 44.77% 96.14%
Other Long-Term Liabilities $27.80M $24.69M $101.6M
YoY Change -72.63% -4.77% 171.66%
Total Long-Term Liabilities $27.80M $24.69M $365.6M
YoY Change -92.4% -4.77% 112.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $460.0M $483.1M $446.0M
Total Long-Term Liabilities $27.80M $24.69M $365.6M
Total Liabilities $487.8M $507.8M $851.1M
YoY Change -42.68% -4.13% 20.35%
SHAREHOLDERS EQUITY
Retained Earnings $611.2M $552.2M
YoY Change -0.39%
Common Stock $465.0M $443.7M
YoY Change 2.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.041B $997.8M $1.077B
YoY Change
Total Liabilities & Shareholders Equity $1.777B $1.799B $1.928B
YoY Change -7.83% 7.66% 20.45%

Cashflow Statement

Concept 2014 Q1 2013 Q3 2013 Q1
OPERATING ACTIVITIES
Net Income $31.91M $25.20M $24.87M
YoY Change 28.29% -13.6% 9.55%
Depreciation, Depletion And Amortization $13.50M $15.50M $7.522M
YoY Change 79.47% 155.06% -50.53%
Cash From Operating Activities $14.50M $22.50M $44.20M
YoY Change -67.19% -60.39% 15.4%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$7.000M -$9.300M
YoY Change -45.16% 1.45% -302.48%
Acquisitions
YoY Change
Other Investing Activities $1.500M -$2.400M -$152.7M
YoY Change -100.98% -95.18% 6840.91%
Cash From Investing Activities -$3.600M -$9.400M -$162.1M
YoY Change -97.78% -83.42% 2283.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.900M -30.10M 125.9M
YoY Change -102.3% -184.79% -819.43%
NET CHANGE
Cash From Operating Activities 14.50M 22.50M 44.20M
Cash From Investing Activities -3.600M -9.400M -162.1M
Cash From Financing Activities -2.900M -30.10M 125.9M
Net Change In Cash 8.000M -17.00M 8.000M
YoY Change 0.0% -147.75% -42.86%
FREE CASH FLOW
Cash From Operating Activities $14.50M $22.50M $44.20M
Capital Expenditures -$5.100M -$7.000M -$9.300M
Free Cash Flow $19.60M $29.50M $53.50M
YoY Change -63.36% -53.69% 58.72%

Facts In Submission

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1100000 USD

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