2017 Q1 Form 10-Q Financial Statement

#000088026617000017 Filed on May 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $1.628B $1.559B
YoY Change 4.38% -8.42%
Cost Of Revenue $1.297B $1.245B
YoY Change 4.23% -8.13%
Gross Profit $330.3M $314.7M
YoY Change 4.96% -9.54%
Gross Profit Margin 20.29% 20.18%
Selling, General & Admin $222.7M $211.2M
YoY Change 5.45% 0.0%
% of Gross Profit 67.42% 67.11%
Research & Development $73.10M $71.20M
YoY Change 2.67% 3.49%
% of Gross Profit 22.13% 22.62%
Depreciation & Amortization $54.30M $55.50M
YoY Change -2.16% 2.59%
% of Gross Profit 16.44% 17.64%
Operating Expenses $295.8M $282.4M
YoY Change 4.75% 0.86%
Operating Profit $15.70M $19.40M
YoY Change -19.07% -58.55%
Interest Expense -$10.70M -$10.50M
YoY Change 1.9% 2.94%
% of Operating Profit -68.15% -54.12%
Other Income/Expense, Net -$13.10M -$11.30M
YoY Change 15.93% 15.31%
Pretax Income -$8.100M -$2.400M
YoY Change 237.5% -108.96%
Income Tax $11.10M -$400.0K
% Of Pretax Income
Net Earnings -$10.10M $7.800M
YoY Change -229.49% -74.09%
Net Earnings / Revenue -0.62% 0.5%
Basic Earnings Per Share -$0.13 $0.09
Diluted Earnings Per Share -$0.13 $0.09
COMMON SHARES
Basic Shares Outstanding 79.50M shares 83.00M shares
Diluted Shares Outstanding 79.50M shares 83.10M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.0M $248.0M
YoY Change 16.94% -26.84%
Cash & Equivalents $289.9M $247.9M
Short-Term Investments
Other Short-Term Assets $371.2M $296.9M
YoY Change 25.03% 15.53%
Inventory $1.775B $1.726B
Prepaid Expenses
Receivables $923.0M $943.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.360B $3.213B
YoY Change 4.56% -12.44%
LONG-TERM ASSETS
Property, Plant & Equipment $1.370B $1.380B
YoY Change -0.75% -0.68%
Goodwill $1.388B $1.169B
YoY Change 18.71% 4.38%
Intangibles $596.8M $535.6M
YoY Change 11.43% 0.43%
Long-Term Investments $430.0M $419.0M
YoY Change 2.63% 5.01%
Other Assets $149.3M $149.2M
YoY Change 0.07% 15.48%
Total Long-Term Assets $4.035B $3.763B
YoY Change 7.23% 4.68%
TOTAL ASSETS
Total Short-Term Assets $3.360B $3.213B
Total Long-Term Assets $4.035B $3.763B
Total Assets $7.395B $6.976B
YoY Change 6.0% -3.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $783.6M $673.9M
YoY Change 16.28% -12.48%
Accrued Expenses $1.090B $1.066B
YoY Change 2.27% 0.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $228.0M
YoY Change -100.0%
Long-Term Debt Due $108.8M $93.10M
YoY Change 16.86% 12.03%
Total Short-Term Liabilities $2.165B $2.263B
YoY Change -4.33% 8.77%
LONG-TERM LIABILITIES
Long-Term Debt $1.781B $1.258B
YoY Change 41.59% -11.72%
Other Long-Term Liabilities $193.5M $195.3M
YoY Change -0.92% 14.28%
Total Long-Term Liabilities $1.974B $1.453B
YoY Change 35.88% -8.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.165B $2.263B
Total Long-Term Liabilities $1.974B $1.453B
Total Liabilities $4.519B $4.043B
YoY Change 11.77% -2.74%
SHAREHOLDERS EQUITY
Retained Earnings $4.091B $3.993B
YoY Change 2.45% 5.33%
Common Stock $114.8M $247.1M
YoY Change -53.54% -52.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.811B $2.874B
YoY Change
Total Liabilities & Shareholders Equity $7.395B $6.976B
YoY Change 6.0% -3.97%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$10.10M $7.800M
YoY Change -229.49% -74.09%
Depreciation, Depletion And Amortization $54.30M $55.50M
YoY Change -2.16% 2.59%
Cash From Operating Activities -$251.4M -$348.2M
YoY Change -27.8% 21.75%
INVESTING ACTIVITIES
Capital Expenditures $57.10M $35.70M
YoY Change 59.94% -43.24%
Acquisitions $0.00 $38.80M
YoY Change -100.0%
Other Investing Activities $0.00 -$50.40M
YoY Change -100.0% 950.0%
Cash From Investing Activities -$57.10M -$86.10M
YoY Change -33.68% 27.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $60.00M
YoY Change -100.0% -4.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $162.7M $245.9M
YoY Change -33.83% -32.98%
NET CHANGE
Cash From Operating Activities -$251.4M -$348.2M
Cash From Investing Activities -$57.10M -$86.10M
Cash From Financing Activities $162.7M $245.9M
Net Change In Cash -$145.8M -$188.4M
YoY Change -22.61% -1527.27%
FREE CASH FLOW
Cash From Operating Activities -$251.4M -$348.2M
Capital Expenditures $57.10M $35.70M
Free Cash Flow -$308.5M -$383.9M
YoY Change -19.64% 10.03%

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79500000 shares

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