2019 Q1 Form 10-Q Financial Statement

#000157924119000028 Filed on April 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $655.0M $613.1M
YoY Change 6.83% 11.72%
Cost Of Revenue $378.1M $355.3M
YoY Change 6.42% 15.51%
Gross Profit $276.9M $257.8M
YoY Change 7.41% 6.88%
Gross Profit Margin 42.27% 42.05%
Selling, General & Admin $168.9M $159.1M
YoY Change 6.16% 12.28%
% of Gross Profit 61.0% 61.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.70M $22.50M
YoY Change -8.0% 36.36%
% of Gross Profit 7.48% 8.73%
Operating Expenses $168.9M $159.1M
YoY Change 6.16% 12.28%
Operating Profit $108.0M $98.70M
YoY Change 9.42% -0.8%
Interest Expense $13.70M $12.90M
YoY Change 6.2% -18.87%
% of Operating Profit 12.69% 13.07%
Other Income/Expense, Net $1.100M $400.0K
YoY Change 175.0% -130.77%
Pretax Income $95.40M $86.20M
YoY Change 10.67% 4.74%
Income Tax $15.10M $13.80M
% Of Pretax Income 15.83% 16.01%
Net Earnings $80.20M $72.20M
YoY Change 11.08% 5.56%
Net Earnings / Revenue 12.24% 11.78%
Basic Earnings Per Share $0.85 $0.76
Diluted Earnings Per Share $0.84 $0.75
COMMON SHARES
Basic Shares Outstanding 94.50M shares 95.10M shares
Diluted Shares Outstanding 95.10M shares 95.80M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $153.8M $151.8M
YoY Change 1.32% -19.94%
Cash & Equivalents $153.8M $151.8M
Short-Term Investments
Other Short-Term Assets $33.20M $42.90M
YoY Change -22.61% -6.13%
Inventory $296.8M $271.5M
Prepaid Expenses
Receivables $359.6M $336.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $850.2M $802.6M
YoY Change 5.93% 8.14%
LONG-TERM ASSETS
Property, Plant & Equipment $275.1M $277.4M
YoY Change -0.83% 19.52%
Goodwill $878.7M $878.0M
YoY Change 0.08% 21.17%
Intangibles $536.3M $545.8M
YoY Change -1.74% 48.23%
Long-Term Investments
YoY Change
Other Assets $260.5M $124.3M
YoY Change 109.57% 5.07%
Total Long-Term Assets $1.951B $1.826B
YoY Change 6.85% 26.49%
TOTAL ASSETS
Total Short-Term Assets $850.2M $802.6M
Total Long-Term Assets $1.951B $1.826B
Total Assets $2.801B $2.628B
YoY Change 6.57% 20.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $198.3M $197.5M
YoY Change 0.41% 14.1%
Accrued Expenses $252.0M $219.3M
YoY Change 14.91% 22.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.10M $35.30M
YoY Change -0.57% -25.05%
Total Short-Term Liabilities $485.4M $452.1M
YoY Change 7.37% 13.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.401B $1.474B
YoY Change -4.94% 4.93%
Other Long-Term Liabilities $276.7M $240.8M
YoY Change 14.91% 6.03%
Total Long-Term Liabilities $1.678B $1.715B
YoY Change -2.15% 5.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $485.4M $452.1M
Total Long-Term Liabilities $1.678B $1.715B
Total Liabilities $2.163B $2.167B
YoY Change -0.17% 6.73%
SHAREHOLDERS EQUITY
Retained Earnings $871.6M $581.9M
YoY Change 49.79% 44.82%
Common Stock $900.0K $900.0K
YoY Change 0.0% -10.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $633.7M $456.0M
YoY Change
Total Liabilities & Shareholders Equity $2.801B $2.628B
YoY Change 6.57% 20.26%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $80.20M $72.20M
YoY Change 11.08% 5.56%
Depreciation, Depletion And Amortization $20.70M $22.50M
YoY Change -8.0% 36.36%
Cash From Operating Activities -$12.60M -$10.10M
YoY Change 24.75% -75.31%
INVESTING ACTIVITIES
Capital Expenditures -$12.30M -$8.700M
YoY Change 41.38% 11.54%
Acquisitions $4.600M
YoY Change
Other Investing Activities $800.0K -$100.0K
YoY Change -900.0% -87.5%
Cash From Investing Activities -$17.70M -$284.9M
YoY Change -93.79% 924.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $63.80M $30.00M
YoY Change 112.67% 0.0%
Debt Paid & Issued, Net $8.800M $8.800M
YoY Change 0.0% -25.42%
Cash From Financing Activities -$99.20M -20.90M
YoY Change 374.64% -62.68%
NET CHANGE
Cash From Operating Activities -$12.60M -$10.10M
Cash From Investing Activities -$17.70M -$284.9M
Cash From Financing Activities -$99.20M -20.90M
Net Change In Cash -$130.0M -$314.4M
YoY Change -58.65% 357.64%
FREE CASH FLOW
Cash From Operating Activities -$12.60M -$10.10M
Capital Expenditures -$12.30M -$8.700M
Free Cash Flow -$300.0K -$1.400M
YoY Change -78.57% -95.77%

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100000 USD
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5500000 USD
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8800000 USD
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6800000 USD
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6800000 USD
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P6Y0M0D
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P6Y0M0D
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0 USD
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15900000 USD
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100000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual Payments
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1800000 USD
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95100000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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94500000 shares

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