2017 Q4 Form 10-K Financial Statement

#000076642118000015 Filed on February 15, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2015 Q4
Revenue $1.942B $1.518B $1.377B
YoY Change 27.93% 10.24% 5.44%
Cost Of Revenue $881.0M $553.0M $425.0M
YoY Change 59.31% 30.12% -23.84%
Gross Profit $1.061B $965.0M $952.0M
YoY Change 9.95% 1.37% 27.27%
Gross Profit Margin 54.63% 63.57% 69.14%
Selling, General & Admin $662.0M $504.0M $484.0M
YoY Change 31.35% 4.13% 27.03%
% of Gross Profit 62.39% 52.23% 50.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.00M $82.00M $84.00M
YoY Change 18.29% -2.38% 10.53%
% of Gross Profit 9.14% 8.5% 8.82%
Operating Expenses $900.0M $686.0M $665.0M
YoY Change 31.2% 3.16% 24.07%
Operating Profit $161.0M $279.0M $287.0M
YoY Change -42.29% -2.79% 35.38%
Interest Expense -$7.000M -$11.00M $4.000M
YoY Change -36.36% -375.0%
% of Operating Profit -4.35% -3.94% 1.39%
Other Income/Expense, Net $2.000M $15.00M $0.00
YoY Change -86.67%
Pretax Income $126.0M $202.0M $259.0M
YoY Change -37.62% -22.01% 7.02%
Income Tax $48.00M $105.0M $68.00M
% Of Pretax Income 38.1% 51.98% 26.25%
Net Earnings $315.0M $97.00M $191.0M
YoY Change 224.74% -49.21% 29.05%
Net Earnings / Revenue 16.22% 6.39% 13.87%
Basic Earnings Per Share
Diluted Earnings Per Share $2.574M $779.7K $1.505M
COMMON SHARES
Basic Shares Outstanding 123.0M shares 123.3M shares 126.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.621B $1.580B $1.328B
YoY Change 2.59% 18.98% 9.12%
Cash & Equivalents $194.0M $328.0M $73.00M
Short-Term Investments $1.427B $1.252B $1.255B
Other Short-Term Assets $133.0M $121.0M $72.00M
YoY Change 9.92% 68.06% -31.43%
Inventory $57.00M $47.00M $51.00M
Prepaid Expenses
Receivables $341.0M $302.0M $212.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.152B $2.050B $1.663B
YoY Change 4.98% 23.27% 1.46%
LONG-TERM ASSETS
Property, Plant & Equipment $6.284B $5.666B $4.802B
YoY Change 10.91% 17.99% 11.7%
Goodwill $1.943B $1.934B $0.00
YoY Change 0.47%
Intangibles $133.0M $143.0M $0.00
YoY Change -6.99%
Long-Term Investments $2.000M
YoY Change -50.0%
Other Assets $234.0M $169.0M $65.00M
YoY Change 38.46% 160.0% -48.41%
Total Long-Term Assets $8.594B $7.912B $4.867B
YoY Change 8.62% 62.56% 9.99%
TOTAL ASSETS
Total Short-Term Assets $2.152B $2.050B $1.663B
Total Long-Term Assets $8.594B $7.912B $4.867B
Total Assets $10.75B $9.962B $6.530B
YoY Change 7.87% 52.56% 7.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.0M $92.00M $63.00M
YoY Change 30.43% 46.03% 1.61%
Accrued Expenses $400.0M $878.0M $661.0M
YoY Change -54.44% 32.83% 12.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $307.0M $319.0M $114.0M
YoY Change -3.76% 179.82% -2.56%
Total Short-Term Liabilities $2.686B $2.535B $1.805B
YoY Change 5.96% 40.44% 8.02%
LONG-TERM LIABILITIES
Long-Term Debt $2.262B $2.645B $569.0M
YoY Change -14.48% 364.85% -17.06%
Other Long-Term Liabilities $425.0M $417.0M $362.0M
YoY Change 1.92% 15.19% 10.7%
Total Long-Term Liabilities $2.338B $1.851B $1.745B
YoY Change 26.31% 6.07% 2.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.686B $2.535B $1.805B
Total Long-Term Liabilities $2.338B $1.851B $1.745B
Total Liabilities $5.024B $4.386B $3.550B
YoY Change 14.55% 23.55% 5.4%
SHAREHOLDERS EQUITY
Retained Earnings $4.193B $3.568B $2.890B
YoY Change 17.52% 23.46% 34.79%
Common Stock $165.0M $111.0M $74.00M
YoY Change 48.65% 50.0% -75.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $518.0M $443.0M $250.0M
YoY Change 16.93% 77.2% 6150.0%
Treasury Stock Shares 6.843M shares 5.862M shares 3.267M shares
Shareholders Equity $3.460B $2.744B $2.411B
YoY Change
Total Liabilities & Shareholders Equity $10.75B $9.962B $6.530B
YoY Change 7.87% 52.56% 7.68%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $315.0M $97.00M $191.0M
YoY Change 224.74% -49.21% 29.05%
Depreciation, Depletion And Amortization $97.00M $82.00M $84.00M
YoY Change 18.29% -2.38% 10.53%
Cash From Operating Activities $233.0M $180.0M $355.0M
YoY Change 29.44% -49.3% 157.25%
INVESTING ACTIVITIES
Capital Expenditures -$185.0M -$169.0M -$162.0M
YoY Change 9.47% 4.32% 23.66%
Acquisitions
YoY Change
Other Investing Activities $198.0M -$1.812B -$41.00M
YoY Change -110.93% 4319.51% -119.71%
Cash From Investing Activities $13.00M -$1.981B -$203.0M
YoY Change -100.66% 875.86% -363.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -193.0M 311.0M -167.0M
YoY Change -162.06% -286.23% 17.61%
NET CHANGE
Cash From Operating Activities 233.0M 180.0M 355.0M
Cash From Investing Activities 13.00M -1.981B -203.0M
Cash From Financing Activities -193.0M 311.0M -167.0M
Net Change In Cash 53.00M -1.490B -15.00M
YoY Change -103.56% 9833.33% -120.55%
FREE CASH FLOW
Cash From Operating Activities $233.0M $180.0M $355.0M
Capital Expenditures -$185.0M -$169.0M -$162.0M
Free Cash Flow $418.0M $349.0M $517.0M
YoY Change 19.77% -32.5% 92.19%

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24000000 USD
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1000000 USD
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14000000 USD
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20000000 USD
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22000000 USD
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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;color:#4bacc6;font-style:italic;font-weight:bold;">Selling Expenses</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Selling expenses include credit card fees, global distribution systems charges, the estimated cost of frequent flyer travel awards earned through air travel, advertising, promotional costs, commissions and incentives. Advertising production costs are expensed as incurred.</font></div></div>
CY2017 us-gaap Revenue Recognition Deferred Revenue
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