2013 Q2 Form 10-Q Financial Statement

#000003069713000013 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q2
Revenue $650.5M
YoY Change 9.67%
Cost Of Revenue $473.3M
YoY Change 3.91%
Gross Profit $177.2M
YoY Change 28.7%
Gross Profit Margin 27.25%
Selling, General & Admin $74.80M
YoY Change 3.46%
% of Gross Profit 42.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.10M
YoY Change 18.66%
% of Gross Profit 22.06%
Operating Expenses $113.9M
YoY Change 7.35%
Operating Profit $56.99M
YoY Change 172.47%
Interest Expense $18.96M
YoY Change -32.84%
% of Operating Profit 33.28%
Other Income/Expense, Net $48.00K
YoY Change -99.83%
Pretax Income $17.06M
YoY Change -21.09%
Income Tax $5.053M
% Of Pretax Income 29.63%
Net Earnings $12.22M
YoY Change -1.02%
Net Earnings / Revenue 1.88%
Basic Earnings Per Share $0.03
Diluted Earnings Per Share $0.03
COMMON SHARES
Basic Shares Outstanding 393.2M shares
Diluted Shares Outstanding 397.9M shares

Balance Sheet

Concept 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $489.0M
YoY Change 16.87%
Cash & Equivalents $489.0M
Short-Term Investments
Other Short-Term Assets $209.3M
YoY Change -0.99%
Inventory $11.72M
Prepaid Expenses
Receivables $65.80M
Other Receivables $0.00
Total Short-Term Assets $775.8M
YoY Change 8.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.227B
YoY Change 2.63%
Goodwill $872.9M
YoY Change 0.1%
Intangibles $1.301B
YoY Change 0.09%
Long-Term Investments $107.4M
YoY Change -9.75%
Other Assets $33.46M
YoY Change -49.77%
Total Long-Term Assets $3.541B
YoY Change -0.32%
TOTAL ASSETS
Total Short-Term Assets $775.8M
Total Long-Term Assets $3.541B
Total Assets $4.317B
YoY Change 1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.65M
YoY Change 60.43%
Accrued Expenses $128.2M
YoY Change -30.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $248.9M
YoY Change 3132.47%
Total Short-Term Liabilities $535.0M
YoY Change 65.35%
LONG-TERM LIABILITIES
Long-Term Debt $1.222B
YoY Change -9.1%
Other Long-Term Liabilities $155.2M
YoY Change 42.93%
Total Long-Term Liabilities $155.2M
YoY Change 42.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $535.0M
Total Long-Term Liabilities $155.2M
Total Liabilities $690.2M
YoY Change 59.72%
SHAREHOLDERS EQUITY
Retained Earnings -$484.1M
YoY Change 12.47%
Common Stock $47.04M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $376.2M
YoY Change -4.48%
Treasury Stock Shares 76.66M shares
Shareholders Equity $1.964B
YoY Change
Total Liabilities & Shareholders Equity $4.317B
YoY Change 1.19%

Cashflow Statement

Concept 2013 Q2
OPERATING ACTIVITIES
Net Income $12.22M
YoY Change -1.02%
Depreciation, Depletion And Amortization $39.10M
YoY Change 18.66%
Cash From Operating Activities $110.8M
YoY Change -831.64%
INVESTING ACTIVITIES
Capital Expenditures -$41.80M
YoY Change -11.06%
Acquisitions
YoY Change
Other Investing Activities $13.20M
YoY Change 796.74%
Cash From Investing Activities -$28.60M
YoY Change 9.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.30M
YoY Change 22.23%
NET CHANGE
Cash From Operating Activities 110.8M
Cash From Investing Activities -28.60M
Cash From Financing Activities -20.30M
Net Change In Cash 61.90M
YoY Change -207.11%
FREE CASH FLOW
Cash From Operating Activities $110.8M
Capital Expenditures -$41.80M
Free Cash Flow $152.6M
YoY Change 379.03%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2013, the Financial Accounting Standards Board issued an amendment that requires companies to present unrecognized tax benefits as a reduction to deferred tax assets when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists, with limited exceptions. The amendment is effective commencing with our 2014 fiscal year. The Company does not expect the adoption to have a material impact on the consolidated financial statements.</font></div></div>
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