2015 Q4 Form 10-K Financial Statement

#000007086617000013 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $1.680B $1.613B $1.604B
YoY Change -4.98% -2.06% -3.26%
Cost Of Revenue $1.204B $644.0M $914.0M
YoY Change -9.88% -7.47% 41.27%
Gross Profit $476.0M $457.0M $146.0M
YoY Change 10.19% 13.12% -69.58%
Gross Profit Margin 28.33% 28.33% 9.1%
Selling, General & Admin $223.0M $224.0M $339.0M
YoY Change -22.57% -3.45% 37.25%
% of Gross Profit 46.85% 49.02% 232.19%
Research & Development $55.00M $53.00M $67.00M
YoY Change -28.57% -10.17% 4.69%
% of Gross Profit 11.55% 11.6% 45.89%
Depreciation & Amortization $79.00M $77.00M $76.00M
YoY Change 8.22% 11.59% 4.11%
% of Gross Profit 16.6% 16.85% 52.05%
Operating Expenses $287.0M $277.0M $406.0M
YoY Change -21.37% -4.81% 30.55%
Operating Profit $138.0M $168.0M -$266.0M
YoY Change 294.29% 309.76% -257.4%
Interest Expense -$42.00M $42.00M $45.00M
YoY Change -8.7% -8.7% -2.17%
% of Operating Profit -30.43% 25.0%
Other Income/Expense, Net -$43.00M -$7.000M $0.00
YoY Change 290.91% -50.0% -100.0%
Pretax Income $53.00M $119.0M -$311.0M
YoY Change -340.91% -726.32% -359.17%
Income Tax $5.000M $16.00M $32.00M
% Of Pretax Income 9.43% 13.45%
Net Earnings $24.00M $98.00M -$344.0M
YoY Change -27.27% 553.33% -482.22%
Net Earnings / Revenue 1.43% 6.08% -21.45%
Basic Earnings Per Share $0.15 $0.58 -$2.03
Diluted Earnings Per Share $0.15 $0.57 -$2.03
COMMON SHARES
Basic Shares Outstanding 169.9M shares 169.8M shares 169.6M shares
Diluted Shares Outstanding 172.3M shares 169.6M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $328.0M $303.0M $425.0M
YoY Change -35.81% -28.54% -12.01%
Cash & Equivalents $328.0M $303.0M $425.0M
Short-Term Investments
Other Short-Term Assets $327.0M $453.0M $481.0M
YoY Change -35.12% -18.67% -23.29%
Inventory $643.0M $718.0M $709.0M
Prepaid Expenses
Receivables $1.251B $1.424B $1.425B
Other Receivables $39.00M $41.00M $34.00M
Total Short-Term Assets $2.549B $2.898B $3.040B
YoY Change -17.45% -9.78% -10.32%
LONG-TERM ASSETS
Property, Plant & Equipment $322.0M $338.0M $348.0M
YoY Change -18.69% -15.08% -13.43%
Goodwill $2.733B $2.750B $2.758B
YoY Change -0.98% -0.83% -1.18%
Intangibles $798.0M $830.0M $863.0M
YoY Change -13.82% -13.72% -13.18%
Long-Term Investments
YoY Change
Other Assets $521.0M $551.0M $545.0M
YoY Change 5.04% 7.2% 7.92%
Total Long-Term Assets $5.086B $4.989B $5.026B
YoY Change -7.16% -7.58% -7.93%
TOTAL ASSETS
Total Short-Term Assets $2.549B $2.898B $3.040B
Total Long-Term Assets $5.086B $4.989B $5.026B
Total Assets $7.635B $7.887B $8.066B
YoY Change -10.87% -8.4% -8.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $657.0M $691.0M $695.0M
YoY Change -7.72% -1.99% 2.51%
Accrued Expenses $189.0M $210.0M $178.0M
YoY Change -3.57% 3.45% -5.32%
Deferred Revenue
YoY Change
Short-Term Debt $13.00M $5.000M $59.00M
YoY Change -93.05% -94.12% -28.92%
Long-Term Debt Due $13.00M $5.000M $59.00M
YoY Change -93.05% -94.12% -28.92%
Total Short-Term Liabilities $1.781B $1.835B $1.910B
YoY Change -13.96% -8.62% -3.34%
LONG-TERM LIABILITIES
Long-Term Debt $3.239B $3.243B $3.415B
YoY Change -5.6% -11.39% -11.07%
Other Long-Term Liabilities $79.00M $82.00M $83.00M
YoY Change -28.83% 7.89% -4.6%
Total Long-Term Liabilities $3.318B $3.325B $3.498B
YoY Change -6.32% -11.0% -10.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.781B $1.835B $1.910B
Total Long-Term Liabilities $3.318B $3.325B $3.498B
Total Liabilities $6.095B $6.200B $6.452B
YoY Change -8.59% -6.99% -6.22%
SHAREHOLDERS EQUITY
Retained Earnings $869.0M $1.357B $1.259B
YoY Change -44.4% -11.31% -16.9%
Common Stock $1.000M $487.0M $472.0M
YoY Change -99.77% 8.71% 7.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $720.0M $1.669B $1.594B
YoY Change
Total Liabilities & Shareholders Equity $7.635B $7.887B $8.066B
YoY Change -10.87% -8.4% -8.85%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $24.00M $98.00M -$344.0M
YoY Change -27.27% 553.33% -482.22%
Depreciation, Depletion And Amortization $79.00M $77.00M $76.00M
YoY Change 8.22% 11.59% 4.11%
Cash From Operating Activities $249.0M $160.0M $154.0M
YoY Change -4.23% -15.79% 165.52%
INVESTING ACTIVITIES
Capital Expenditures -$65.00M -$54.00M -$59.00M
YoY Change 6.56% -6.9% -19.18%
Acquisitions
YoY Change
Other Investing Activities $20.00M $3.000M $3.000M
YoY Change -2100.0% -160.0% -62.5%
Cash From Investing Activities -$45.00M -$51.00M -$56.00M
YoY Change -27.42% -19.05% -13.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -177.0M -223.0M -138.0M
YoY Change 105.81% 25.28% 392.86%
NET CHANGE
Cash From Operating Activities 249.0M 160.0M 154.0M
Cash From Investing Activities -45.00M -51.00M -56.00M
Cash From Financing Activities -177.0M -223.0M -138.0M
Net Change In Cash 27.00M -114.0M -40.00M
YoY Change -75.89% 123.53% 14.29%
FREE CASH FLOW
Cash From Operating Activities $249.0M $160.0M $154.0M
Capital Expenditures -$65.00M -$54.00M -$59.00M
Free Cash Flow $314.0M $214.0M $213.0M
YoY Change -2.18% -13.71% 62.6%

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43000000 USD
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4000000 USD
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0 USD
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0 USD
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1000000 USD
CY2014 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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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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2000000 USD
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10000000 USD
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19000000 USD
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1000000 USD
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1000000 USD
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4000000 USD
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0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
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10000000 USD
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8000000 USD
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CY2015Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
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33000000 USD
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6000000 USD
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46000000 USD
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41000000 USD
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1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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-4000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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43000000 USD
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35000000 USD
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23000000 USD
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34000000 USD
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17000000 USD
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42000000 USD
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21000000 USD
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12000000 USD
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94000000 USD
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CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167600000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129200000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167900000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167600000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125600000 shares
CY2016 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>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<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 periods reported. Actual results could differ from those estimates.</font></div></div>

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exhibit121ratioofearningst.htm Edgar Link pending
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