2019 Q2 Form 10-Q Financial Statement

#000115844919000119 Filed on May 22, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $2.952B $2.874B
YoY Change 2.72% -0.59%
Cost Of Revenue $1.647B $1.602B
YoY Change 2.84% -1.15%
Gross Profit $1.305B $1.272B
YoY Change 2.56% 0.13%
Gross Profit Margin 44.2% 44.27%
Selling, General & Admin $1.083B $1.071B
YoY Change 1.12% -1.84%
% of Gross Profit 82.98% 84.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.90M $71.70M
YoY Change -2.51% -7.36%
% of Gross Profit 5.36% 5.64%
Operating Expenses $1.083B $1.071B
YoY Change 1.12% -1.84%
Operating Profit $222.1M $201.5M
YoY Change 10.22% 12.07%
Interest Expense -$14.90M -$17.70M
YoY Change -15.82% -3.8%
% of Operating Profit -6.71% -8.78%
Other Income/Expense, Net -$2.200M $500.0K
YoY Change -540.0% -89.58%
Pretax Income $190.8M $181.0M
YoY Change 5.41% 8.9%
Income Tax $48.30M $69.60M
% Of Pretax Income 25.31% 38.45%
Net Earnings $142.5M $136.7M
YoY Change 4.24% 26.57%
Net Earnings / Revenue 4.83% 4.76%
Basic Earnings Per Share
Diluted Earnings Per Share $1.976M $1.842M
COMMON SHARES
Basic Shares Outstanding 71.74M shares 74.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $537.0M $639.0M
YoY Change -15.96% 407.14%
Cash & Equivalents $537.3M $639.1M
Short-Term Investments
Other Short-Term Assets $126.1M $127.5M
YoY Change -1.11% 52.21%
Inventory $4.434B $4.230B
Prepaid Expenses
Receivables $684.4M $620.4M
Other Receivables $12.00M $16.00M
Total Short-Term Assets $5.782B $5.618B
YoY Change 2.93% 5.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.363B $1.358B
YoY Change 0.35% -5.64%
Goodwill $991.2M $993.5M
YoY Change -0.22% 0.28%
Intangibles $527.7M $583.3M
YoY Change -9.54% -6.96%
Long-Term Investments
YoY Change
Other Assets $46.24M $62.23M
YoY Change -25.7% -3.77%
Total Long-Term Assets $5.300B $2.997B
YoY Change 76.81% -3.99%
TOTAL ASSETS
Total Short-Term Assets $5.782B $5.618B
Total Long-Term Assets $5.300B $2.997B
Total Assets $11.08B $8.615B
YoY Change 28.63% 2.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.277B $2.890B
YoY Change 13.38% -5.21%
Accrued Expenses $530.3M $543.3M
YoY Change -2.4% -3.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $63.00K $175.0K
YoY Change -64.0% -66.35%
Total Short-Term Liabilities $4.299B $3.480B
YoY Change 23.53% -4.9%
LONG-TERM LIABILITIES
Long-Term Debt $746.8M $1.045B
YoY Change -28.52% -2.67%
Other Long-Term Liabilities $124.1M $232.8M
YoY Change -46.7% 3.06%
Total Long-Term Liabilities $870.8M $1.278B
YoY Change -31.83% -1.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.299B $3.480B
Total Long-Term Liabilities $870.8M $1.278B
Total Liabilities $5.170B $4.758B
YoY Change 8.66% -4.06%
SHAREHOLDERS EQUITY
Retained Earnings $3.441B $3.052B
YoY Change 12.74% 18.96%
Common Stock $706.4M $672.9M
YoY Change 4.97% 5.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $560.2M $149.8M
YoY Change 273.94% 6.09%
Treasury Stock Shares
Shareholders Equity $3.547B $3.547B
YoY Change
Total Liabilities & Shareholders Equity $11.08B $8.615B
YoY Change 28.63% 2.21%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $142.5M $136.7M
YoY Change 4.24% 26.57%
Depreciation, Depletion And Amortization $69.90M $71.70M
YoY Change -2.51% -7.36%
Cash From Operating Activities $204.5M $154.0M
YoY Change 32.79% 338.75%
INVESTING ACTIVITIES
Capital Expenditures -$61.30M -$34.50M
YoY Change 77.68% -47.17%
Acquisitions
YoY Change
Other Investing Activities $600.0K $500.0K
YoY Change 20.0% -54.55%
Cash From Investing Activities -$60.80M -$33.90M
YoY Change 79.35% -47.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -503.2M -26.80M
YoY Change 1777.61% -234.67%
NET CHANGE
Cash From Operating Activities 204.5M 154.0M
Cash From Investing Activities -60.80M -33.90M
Cash From Financing Activities -503.2M -26.80M
Net Change In Cash -359.5M 93.30M
YoY Change -485.32% -1125.27%
FREE CASH FLOW
Cash From Operating Activities $204.5M $154.0M
Capital Expenditures -$61.30M -$34.50M
Free Cash Flow $265.8M $188.5M
YoY Change 41.01% 87.75%

Facts In Submission

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0 USD
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143450000 USD
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0 USD
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CY2018Q4 us-gaap Operating Lease Right Of Use Asset
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0.042
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2019Q2 us-gaap Other Assets Noncurrent
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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95000 USD
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32000 USD
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17000 USD
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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4060000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Other Liabilities Current
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CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
239812000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
124067000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-672000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments To Acquire Property Plant And Equipment
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34474000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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61312000 USD
CY2018Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.89
CY2019Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.88
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
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us-gaap Proceeds From Issuance Of Common Stock
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754000 USD
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678000 USD
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Repayments Of Bank Overdrafts
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-12101000 USD
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-50578000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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530000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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553000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2019Q2 us-gaap Property Plant And Equipment Net
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us-gaap Repayments Of Unsecured Debt
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0 USD
us-gaap Repayments Of Unsecured Debt
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310047000 USD
CY2018Q4 us-gaap Restructuring Reserve
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CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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3326155000 USD
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RetainedEarningsAccumulatedDeficit
3441138000 USD
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2873848000 USD
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2952036000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Selling General And Administrative Expense
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us-gaap Share Based Compensation
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7642000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10984000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
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49024000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
45280000 USD
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
45075000 USD
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12929000 USD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
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43200000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12724000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
754000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
678000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
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600000000 USD
CY2019Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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200000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
3546621000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3550813000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stockholders Equity Other
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CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
425954000 USD
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
560245000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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5224000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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134291000 USD
us-gaap Variable Lease Cost
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49690000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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74205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72103000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73979000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71787000 shares

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0001158449-19-000119-xbrl.zip Edgar Link pending
aap-20190420.xml Edgar Link completed
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