2018 Q4 Form 10-K Financial Statement

#000119312519042339 Filed on February 15, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $812.5M $754.1M $833.3M
YoY Change 5.71% 0.56% 12.88%
Cost Of Revenue $475.5M $448.1M $492.3M
YoY Change 6.54% 0.72% 13.43%
Gross Profit $337.0M $306.0M $341.0M
YoY Change 4.56% 0.33% 12.1%
Gross Profit Margin 41.48% 40.58% 40.92%
Selling, General & Admin $186.1M $177.6M $197.2M
YoY Change 0.87% 0.45% 10.6%
% of Gross Profit 55.22% 58.04% 57.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.70M $17.80M $17.50M
YoY Change 2.75% 1.14% 0.57%
% of Gross Profit 5.55% 5.82% 5.13%
Operating Expenses $180.4M $177.6M $197.2M
YoY Change 1.01% 0.45% 10.6%
Operating Profit $156.6M $144.7M $159.6M
YoY Change 8.98% 0.49% 12.71%
Interest Expense -$1.800M $2.000M $2.300M
YoY Change -37.93% -20.0% -8.0%
% of Operating Profit -1.15% 1.38% 1.44%
Other Income/Expense, Net $5.100M $4.600M
YoY Change -13.56% 0.0%
Pretax Income $154.8M $131.5M $146.1M
YoY Change 9.94% -0.08% 14.14%
Income Tax $28.50M $26.90M $31.60M
% Of Pretax Income 18.41% 20.46% 21.63%
Net Earnings $126.3M $104.6M $114.5M
YoY Change 456.39% 11.63% 23.92%
Net Earnings / Revenue 15.54% 13.87% 13.74%
Basic Earnings Per Share $0.75 $0.61 $0.67
Diluted Earnings Per Share $0.74 $0.61 $0.66
COMMON SHARES
Basic Shares Outstanding 170.5M shares 171.1M shares
Diluted Shares Outstanding 172.1M shares 172.7M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $645.0M $617.8M $658.4M
YoY Change -21.34% -19.55% -11.14%
Cash & Equivalents $259.7M $233.0M $260.0M
Short-Term Investments $385.3M $384.8M $398.4M
Other Short-Term Assets $41.50M $66.60M $61.90M
YoY Change -27.45% 30.59% 35.75%
Inventory $304.7M $307.7M $289.0M
Prepaid Expenses
Receivables $647.3M $606.6M $644.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.639B $1.599B $1.653B
YoY Change -7.27% -5.85% 0.79%
LONG-TERM ASSETS
Property, Plant & Equipment $540.0M $526.3M $532.8M
YoY Change 2.1% 4.9% 11.98%
Goodwill $513.0M $515.2M $514.7M
YoY Change -0.72% -0.21% 4.38%
Intangibles $293.1M $297.4M $300.8M
YoY Change -5.05% -4.77% -0.5%
Long-Term Investments
YoY Change
Other Assets $86.90M $87.60M $83.70M
YoY Change 14.04% 14.96% 15.45%
Total Long-Term Assets $1.433B $1.427B $1.432B
YoY Change 0.17% 1.42% 6.57%
TOTAL ASSETS
Total Short-Term Assets $1.639B $1.599B $1.653B
Total Long-Term Assets $1.433B $1.427B $1.432B
Total Assets $3.072B $3.025B $3.085B
YoY Change -3.94% -2.56% 3.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $543.8M $508.0M $532.8M
YoY Change 1.64% 1.58% 8.05%
Accrued Expenses $120.4M $111.9M $116.3M
YoY Change 3.79% 12.24% 27.1%
Deferred Revenue $47.00M
YoY Change -16.07%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $2.700M
YoY Change -100.0% -100.0% -63.51%
Total Short-Term Liabilities $785.3M $738.9M $768.7M
YoY Change -1.07% 0.98% 8.91%
LONG-TERM LIABILITIES
Long-Term Debt $221.4M $193.3M $245.4M
YoY Change -45.05% -56.29% -33.26%
Other Long-Term Liabilities $298.4M $312.0M $306.6M
YoY Change 42.23% 56.94% 58.04%
Total Long-Term Liabilities $519.8M $505.3M $552.0M
YoY Change -15.16% -21.17% -1.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $785.3M $738.9M $768.7M
Total Long-Term Liabilities $519.8M $505.3M $552.0M
Total Liabilities $1.355B $1.269B $1.355B
YoY Change -12.75% -11.8% -1.12%
SHAREHOLDERS EQUITY
Retained Earnings $2.103B $2.014B $1.940B
YoY Change 17.56% 12.26% 12.5%
Common Stock $661.2M $660.3M $658.7M
YoY Change 1.57% 1.55% 1.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $827.2M $730.9M $695.1M
YoY Change 32.04% 24.49% 26.34%
Treasury Stock Shares
Shareholders Equity $1.717B $1.756B $1.730B
YoY Change
Total Liabilities & Shareholders Equity $3.072B $3.025B $3.085B
YoY Change -3.94% -2.56% 3.39%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $126.3M $104.6M $114.5M
YoY Change 456.39% 11.63% 23.92%
Depreciation, Depletion And Amortization $18.70M $17.80M $17.50M
YoY Change 2.75% 1.14% 0.57%
Cash From Operating Activities $159.7M $116.0M $130.0M
YoY Change -9.36% 50.65% 53.48%
INVESTING ACTIVITIES
Capital Expenditures -$26.70M -$19.00M -$22.20M
YoY Change -3.96% -36.88% 13.85%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$700.0K $21.40M
YoY Change -97.87% -98.45% 1683.33%
Cash From Investing Activities -$27.10M -$19.70M -$800.0K
YoY Change -41.85% -73.84% -95.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.9M -123.3M -111.1M
YoY Change 0.95% -1006.62% 108.83%
NET CHANGE
Cash From Operating Activities 159.7M 116.0M 130.0M
Cash From Investing Activities -27.10M -19.70M -800.0K
Cash From Financing Activities -105.9M -123.3M -111.1M
Net Change In Cash 26.70M -27.00M 18.10M
YoY Change 8.1% -276.47% 37.12%
FREE CASH FLOW
Cash From Operating Activities $159.7M $116.0M $130.0M
Capital Expenditures -$26.70M -$19.00M -$22.20M
Free Cash Flow $186.4M $135.0M $152.2M
YoY Change -8.63% 26.05% 46.07%

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