2014 Q4 Form 10-K Financial Statement

#000007086616000069 Filed on February 26, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $1.768B $1.647B $1.658B
YoY Change 5.87% 9.22% 8.01%
Cost Of Revenue $1.336B $696.0M $647.0M
YoY Change 17.19% 22.32% 15.74%
Gross Profit $432.0M $404.0M $480.0M
YoY Change -18.49% -2.65% 12.68%
Gross Profit Margin 24.43% 24.53% 28.95%
Selling, General & Admin $288.0M $232.0M $247.0M
YoY Change 49.22% 6.91% 6.47%
% of Gross Profit 66.67% 57.43% 51.46%
Research & Development $77.00M $59.00M $64.00M
YoY Change 92.5% 11.32% 16.36%
% of Gross Profit 17.82% 14.6% 13.33%
Depreciation & Amortization $73.00M $69.00M $73.00M
YoY Change 23.73% 32.69% 46.0%
% of Gross Profit 16.9% 17.08% 15.21%
Operating Expenses $365.0M $291.0M $311.0M
YoY Change 56.65% 7.78% 8.36%
Operating Profit $35.00M $41.00M $169.0M
YoY Change -88.22% -71.72% 21.58%
Interest Expense -$46.00M $46.00M $46.00M
YoY Change 39.39% 100.0% 76.92%
% of Operating Profit -131.43% 112.2% 27.22%
Other Income/Expense, Net -$11.00M -$14.00M -$3.000M
YoY Change 120.0% 366.67% 0.0%
Pretax Income -$22.00M -$19.00M $120.0M
YoY Change -108.49% -115.97% 9.09%
Income Tax -$62.00M -$19.00M $29.00M
% Of Pretax Income 24.17%
Net Earnings $33.00M $15.00M $90.00M
YoY Change -83.33% -84.69% 4.65%
Net Earnings / Revenue 1.87% 0.91% 5.43%
Basic Earnings Per Share $0.20 $0.09 $0.54
Diluted Earnings Per Share $0.19 $0.09 $0.53
COMMON SHARES
Basic Shares Outstanding 168.4M shares 168.2M shares 167.9M shares
Diluted Shares Outstanding 171.3M shares 170.9M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $511.0M $424.0M $483.0M
YoY Change -3.22% -7.83% 5.0%
Cash & Equivalents $511.0M $424.0M $483.0M
Short-Term Investments
Other Short-Term Assets $504.0M $557.0M $627.0M
YoY Change -11.27% -5.75% 19.43%
Inventory $669.0M $777.0M $816.0M
Prepaid Expenses
Receivables $1.404B $1.454B $1.464B
Other Receivables $41.00M $41.00M $45.00M
Total Short-Term Assets $3.088B $3.212B $3.390B
YoY Change -28.83% -0.93% 10.21%
LONG-TERM ASSETS
Property, Plant & Equipment $396.0M $398.0M $402.0M
YoY Change 12.5% 17.75% 22.94%
Goodwill $2.760B $2.773B $2.791B
YoY Change 79.92% 88.38% 91.82%
Intangibles $926.0M $962.0M $994.0M
YoY Change 87.45% 102.95% 102.86%
Long-Term Investments
YoY Change
Other Assets $496.0M $514.0M $505.0M
YoY Change 5.53% 17.89% 17.99%
Total Long-Term Assets $5.478B $5.398B $5.459B
YoY Change 45.34% 48.46% 50.39%
TOTAL ASSETS
Total Short-Term Assets $3.088B $3.212B $3.390B
Total Long-Term Assets $5.478B $5.398B $5.459B
Total Assets $8.566B $8.610B $8.849B
YoY Change 5.65% 25.18% 31.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $712.0M $705.0M $678.0M
YoY Change 6.27% 20.72% 16.49%
Accrued Expenses $196.0M $203.0M $188.0M
YoY Change 2.62% -2.87% -9.62%
Deferred Revenue
YoY Change
Short-Term Debt $187.0M $85.00M $83.00M
YoY Change 450.0% 466.67% -2.35%
Long-Term Debt Due $187.0M $85.00M $83.00M
YoY Change 450.0% 466.67% -2.35%
Total Short-Term Liabilities $2.070B $2.008B $1.976B
YoY Change 10.05% 14.55% 7.51%
LONG-TERM LIABILITIES
Long-Term Debt $3.431B $3.660B $3.840B
YoY Change 3.34% 65.46% 84.7%
Other Long-Term Liabilities $111.0M $76.00M $87.00M
YoY Change 12.12% -35.59% -13.0%
Total Long-Term Liabilities $3.542B $3.736B $3.927B
YoY Change 3.6% 60.34% 80.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.070B $2.008B $1.976B
Total Long-Term Liabilities $3.542B $3.736B $3.927B
Total Liabilities $6.668B $6.666B $6.880B
YoY Change 5.66% 26.11% 31.75%
SHAREHOLDERS EQUITY
Retained Earnings $1.563B $1.530B $1.515B
YoY Change 13.92% 30.32% 23.07%
Common Stock $444.0M $448.0M $440.0M
YoY Change 2.07% 2.75% 4.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.871B $1.918B $1.941B
YoY Change
Total Liabilities & Shareholders Equity $8.566B $8.610B $8.849B
YoY Change 5.65% 25.18% 31.96%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $33.00M $15.00M $90.00M
YoY Change -83.33% -84.69% 4.65%
Depreciation, Depletion And Amortization $73.00M $69.00M $73.00M
YoY Change 23.73% 32.69% 46.0%
Cash From Operating Activities $260.0M $190.0M $58.00M
YoY Change -1.52% -201.75%
INVESTING ACTIVITIES
Capital Expenditures -$61.00M -$58.00M -$73.00M
YoY Change -14.08% -12.12% 65.91%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$5.000M $8.000M
YoY Change -99.92% -171.43% -166.67%
Cash From Investing Activities -$62.00M -$63.00M -$65.00M
YoY Change -95.11% 6.78% 16.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -86.00M -178.0M -28.00M
YoY Change -107.96% -396.67% -128.87%
NET CHANGE
Cash From Operating Activities 260.0M 190.0M 58.00M
Cash From Investing Activities -62.00M -63.00M -65.00M
Cash From Financing Activities -86.00M -178.0M -28.00M
Net Change In Cash 112.0M -51.00M -35.00M
YoY Change 47.37% -5200.0% 118.75%
FREE CASH FLOW
Cash From Operating Activities $260.0M $190.0M $58.00M
Capital Expenditures -$61.00M -$58.00M -$73.00M
Free Cash Flow $321.0M $248.0M $131.0M
YoY Change -4.18% 275.76% -1107.69%

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0 USD
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15000000 USD
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10000000 USD
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0 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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1300000000 USD
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82000000 USD
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8000000 USD
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43000000 USD
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4000000 USD
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0 USD
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4000000 USD
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0 USD
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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10000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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1000000 USD
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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3000000 USD
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0 USD
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0 USD
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1000000 USD
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33000000 USD
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CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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54000000 USD
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46000000 USD
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43000000 USD
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35000000 USD
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33000000 USD
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34000000 USD
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CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Advertising</font><font style="font-family:inherit;font-size:10pt;"> Advertising costs are recognized in selling, general and administrative expenses when incurred. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2015 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the period reported. Actual results could differ from those estimates.</font></div></div>

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exhibit121ratioofearningst.htm Edgar Link pending
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