2019 Q1 Form 10-K Financial Statement

#000115844919000043 Filed on February 19, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2017 Q4 2017 Q3
Revenue $2.037B $2.264B
YoY Change -2.2% 0.34%
Cost Of Revenue $1.235B $1.271B
YoY Change -2.07% 1.99%
Gross Profit $873.6M $993.1M
YoY Change -3.75% -1.7%
Gross Profit Margin 42.89% 43.87%
Selling, General & Admin $791.1M $846.4M
YoY Change -0.42% 6.65%
% of Gross Profit 90.56% 85.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.60M $57.80M
YoY Change -4.0% -3.67%
% of Gross Profit 6.59% 5.82%
Operating Expenses $791.1M $846.4M
YoY Change -0.42% 6.65%
Operating Profit $156.6M $146.7M
YoY Change -19.2% -32.29%
Interest Expense -$13.31M -$13.92M
YoY Change -1.97% -0.71%
% of Operating Profit -8.5% -9.49%
Other Income/Expense, Net -$12.57M -$10.75M
YoY Change -21.1% 38.25%
Pretax Income $144.0M $136.0M
YoY Change -19.03% -34.92%
Income Tax $48.00M $48.91M
% Of Pretax Income 33.34% 35.97%
Net Earnings $96.00M $87.05M
YoY Change 53.93% -30.14%
Net Earnings / Revenue 4.71% 3.85%
Basic Earnings Per Share $2.50 $1.18
Diluted Earnings Per Share $2.49 $1.17
COMMON SHARES
Basic Shares Outstanding 71.67M shares 73.87M shares 73.85M shares
Diluted Shares Outstanding 74.11M shares 74.09M shares

Balance Sheet

Concept 2019 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $363.0M $257.0M
YoY Change 205.04% 144.76%
Cash & Equivalents $546.9M $257.2M
Short-Term Investments
Other Short-Term Assets $105.1M $95.12M
YoY Change 49.16% -1.13%
Inventory $4.168B $4.293B
Prepaid Expenses
Receivables $606.4M $680.5M
Other Receivables $13.00M $15.00M
Total Short-Term Assets $5.427B $5.326B
YoY Change 4.91% 0.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.394B $1.431B
YoY Change -3.61% -0.04%
Goodwill $994.3M $993.9M
YoY Change 0.34% 0.13%
Intangibles $935.0M $618.9M
YoY Change -4.24% -38.18%
Long-Term Investments
YoY Change
Other Assets $69.30M $67.11M
YoY Change 8.04% -2.12%
Total Long-Term Assets $3.055B $3.111B
YoY Change -2.76% -1.47%
TOTAL ASSETS
Total Short-Term Assets $5.427B $5.326B
Total Long-Term Assets $3.055B $3.111B
Total Assets $8.482B $8.437B
YoY Change 2.01% 0.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.895B $2.937B
YoY Change -6.21% -8.78%
Accrued Expenses $533.5M $629.1M
YoY Change -3.76% 11.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $350.0K $418.0K
YoY Change 14.38% 3.47%
Total Short-Term Liabilities $3.480B $3.598B
YoY Change -5.33% -6.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.044B $1.044B
YoY Change 0.13% -10.77%
Other Long-Term Liabilities $239.1M $228.3M
YoY Change 5.98% -1.4%
Total Long-Term Liabilities $1.283B $1.272B
YoY Change 1.17% -9.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.480B $3.598B
Total Long-Term Liabilities $1.283B $1.272B
Total Liabilities $4.763B $4.870B
YoY Change -3.66% -7.1%
SHAREHOLDERS EQUITY
Retained Earnings $2.920B $2.649B
YoY Change 18.56% 15.37%
Common Stock $664.7M $647.8M
YoY Change 5.32% 4.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $144.6M $141.4M
YoY Change 4.71% 7.22%
Treasury Stock Shares 1.633M shares
Shareholders Equity $3.415B $3.128B
YoY Change
Total Liabilities & Shareholders Equity $8.482B $8.437B
YoY Change 2.01% 0.0%

Cashflow Statement

Concept 2019 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $96.00M $87.05M
YoY Change 53.93% -30.14%
Depreciation, Depletion And Amortization $57.60M $57.80M
YoY Change -4.0% -3.67%
Cash From Operating Activities $133.7M $232.2M
YoY Change -33.48% 93.5%
INVESTING ACTIVITIES
Capital Expenditures -$38.60M -$57.10M
YoY Change -41.78% 17.01%
Acquisitions
YoY Change
Other Investing Activities $4.800M $200.0K
YoY Change -4900.0% -108.7%
Cash From Investing Activities -$33.80M -$56.90M
YoY Change -49.02% 11.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.900M -46.70M
YoY Change -104.1% -29.88%
NET CHANGE
Cash From Operating Activities 133.7M 232.2M
Cash From Investing Activities -33.80M -56.90M
Cash From Financing Activities 4.900M -46.70M
Net Change In Cash 104.8M 128.6M
YoY Change 589.47% 5745.45%
FREE CASH FLOW
Cash From Operating Activities $133.7M $232.2M
Capital Expenditures -$38.60M -$57.10M
Free Cash Flow $172.3M $289.3M
YoY Change -35.54% 71.39%

Facts In Submission

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18145000 USD
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349470000 USD
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0.002
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.277
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0.012
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5316000 shares
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155.46
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P55M
CY2016Q1 us-gaap Standard Product Warranty Accrual
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44479000 USD
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StandardProductWarrantyAccrual
49024000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
45280000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
44139000 USD
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StandardProductWarrantyAccrualPayments
49114000 USD
CY2018 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
46944000 USD
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StandardProductWarrantyAccrualWarrantiesIssued
46903000 USD
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StandardProductWarrantyAccrualWarrantiesIssued
50895000 USD
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StandardProductWarrantyAccrualWarrantiesIssued
43200000 USD
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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30711000 USD
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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27915000 USD
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
23010000 USD
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4369000 USD
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4053000 USD
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3200000 USD
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0 USD
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600000000 USD
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327200000 USD
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18393000 USD
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6498000 USD
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12100000 USD
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30824000 USD
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1600000 USD
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2331000 USD
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1356000 USD
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1496000 USD
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14000 USD
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100000 USD
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100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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1900000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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1700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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-900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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2105000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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5644000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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5425000 USD
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8077000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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5435000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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4200000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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3300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1780000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1175000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1331000 USD
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CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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73846000 shares
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73728000 shares
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Period </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year ends on the Saturday nearest the end of December. All references herein for the years &#8220;</font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">,&#8221; &#8220;</font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">&#8221; and &#8220;</font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">&#8221; represent the fiscal years ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December&#160;29, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">December&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, which were all 52 weeks.</font></div></div>
CY2018 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:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</font></div></div>

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0001158449-19-000043-index-headers.html Edgar Link pending
0001158449-19-000043-index.html Edgar Link pending
0001158449-19-000043.txt Edgar Link pending
0001158449-19-000043-xbrl.zip Edgar Link pending
aap-20181229.xml Edgar Link completed
aap-20181229.xsd Edgar Link pending
aap-20181229_cal.xml Edgar Link unprocessable
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