2018 Q2 Form 10-Q Financial Statement

#000100443418000016 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $600.2M $570.9M
YoY Change 5.13% 3.03%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $105.2M $89.10M
YoY Change 18.07% -7.76%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.90M $26.90M
YoY Change 7.43% -20.18%
% of Gross Profit
Operating Expenses $407.6M $394.9M
YoY Change 3.22% 6.07%
Operating Profit $275.9M
YoY Change 11.7%
Interest Expense $21.40M $23.10M
YoY Change -7.36% 5.48%
% of Operating Profit 8.37%
Other Income/Expense, Net -$9.000M
YoY Change -18.92%
Pretax Income $239.3M $266.9M
YoY Change -10.34% 13.14%
Income Tax $34.10M $62.50M
% Of Pretax Income 14.25% 23.42%
Net Earnings $117.0M $126.3M
YoY Change -7.36% 16.62%
Net Earnings / Revenue 19.49% 22.12%
Basic Earnings Per Share $2.17 $2.24
Diluted Earnings Per Share $2.16 $2.22
COMMON SHARES
Basic Shares Outstanding 54.00M shares 56.30M shares
Diluted Shares Outstanding 54.20M shares 58.70M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $476.9M $468.2M
YoY Change 1.86% -16.99%
Cash & Equivalents $392.8M $364.6M
Short-Term Investments $84.10M $103.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $485.9M $440.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $878.7M $804.9M
YoY Change 9.17% -3.28%
LONG-TERM ASSETS
Property, Plant & Equipment $109.2M $109.7M
YoY Change -0.46% -2.14%
Goodwill $2.649B $2.648B
YoY Change 0.04% -0.23%
Intangibles $1.393B $1.476B
YoY Change -5.61% -6.84%
Long-Term Investments $3.218B $3.534B
YoY Change -8.94% 26.38%
Other Assets
YoY Change
Total Long-Term Assets $7.612B $7.827B
YoY Change -2.75% 8.68%
TOTAL ASSETS
Total Short-Term Assets $878.7M $804.9M
Total Long-Term Assets $7.612B $7.827B
Total Assets $8.491B $8.632B
YoY Change -1.64% 7.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $662.9M $618.3M
YoY Change 7.21% 6.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $662.9M $618.3M
YoY Change 7.21% 6.95%
LONG-TERM LIABILITIES
Long-Term Debt $1.883B $2.032B
YoY Change -7.37% -4.89%
Other Long-Term Liabilities $162.4M $203.6M
YoY Change -20.24% 13.3%
Total Long-Term Liabilities $2.045B $2.236B
YoY Change -8.54% -3.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $662.9M $618.3M
Total Long-Term Liabilities $2.045B $2.236B
Total Liabilities $3.180B $3.531B
YoY Change -9.96% 0.74%
SHAREHOLDERS EQUITY
Retained Earnings $3.936B $3.280B
YoY Change 19.97% 13.45%
Common Stock $680.3M $912.9M
YoY Change -25.48% 72.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $969.8M $498.8M
YoY Change 94.43% 17.48%
Treasury Stock Shares
Shareholders Equity $3.639B $3.600B
YoY Change
Total Liabilities & Shareholders Equity $8.491B $8.632B
YoY Change -1.64% 7.44%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $117.0M $126.3M
YoY Change -7.36% 16.62%
Depreciation, Depletion And Amortization $28.90M $26.90M
YoY Change 7.43% -20.18%
Cash From Operating Activities $372.3M $321.9M
YoY Change 15.66% 2.19%
INVESTING ACTIVITIES
Capital Expenditures -$4.800M -$3.100M
YoY Change 54.84% -31.11%
Acquisitions
YoY Change
Other Investing Activities -$16.80M -$12.20M
YoY Change 37.7% -179.22%
Cash From Investing Activities -$21.60M -$15.30M
YoY Change 41.18% -240.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -282.7M -239.8M
YoY Change 17.89% -13.43%
NET CHANGE
Cash From Operating Activities 372.3M 321.9M
Cash From Investing Activities -21.60M -15.30M
Cash From Financing Activities -282.7M -239.8M
Net Change In Cash 68.00M 66.80M
YoY Change 1.8% 36.61%
FREE CASH FLOW
Cash From Operating Activities $372.3M $321.9M
Capital Expenditures -$4.800M -$3.100M
Free Cash Flow $377.1M $325.0M
YoY Change 16.03% 1.72%

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us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56500000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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54300000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. </font></div></div>

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