2019 Q1 Form 10-Q Financial Statement

#000162828019004592 Filed on April 23, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $555.2M $575.3M
YoY Change -3.5% -4.27%
Cost Of Revenue $438.5M $454.8M
YoY Change -3.59% -1.23%
Gross Profit $76.78M $81.20M
YoY Change -5.44% -6.35%
Gross Profit Margin 13.83% 14.11%
Selling, General & Admin $24.09M $25.95M
YoY Change -7.16% 24.98%
% of Gross Profit 31.37% 31.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.27M $29.70M
YoY Change -14.91% -6.95%
% of Gross Profit 32.92% 36.58%
Operating Expenses $478.4M $510.1M
YoY Change -6.22% -4.47%
Operating Profit $74.49M $65.17M
YoY Change 14.31% -2.71%
Interest Expense $4.432M $5.395M
YoY Change -17.85% -42.76%
% of Operating Profit 5.95% 8.28%
Other Income/Expense, Net -$1.679M -$1.604M
YoY Change 4.68% -71.25%
Pretax Income $72.81M $59.44M
YoY Change 22.49% 13.2%
Income Tax $70.00K -$544.0K
% Of Pretax Income 0.1% -0.92%
Net Earnings $72.74M $59.99M
YoY Change 21.27% 16.1%
Net Earnings / Revenue 13.1% 10.43%
Basic Earnings Per Share $4.16 $2.87
Diluted Earnings Per Share $3.91 $2.74
COMMON SHARES
Basic Shares Outstanding 17.49M 20.90M shares
Diluted Shares Outstanding 18.60M 21.88M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $383.4M $433.0M
YoY Change -11.45% -7.89%
Cash & Equivalents $218.8M $288.3M
Short-Term Investments $164.7M $144.7M
Other Short-Term Assets $64.19M $68.46M
YoY Change -6.23% -7.57%
Inventory $145.6M $143.8M
Prepaid Expenses
Receivables $195.1M $208.1M
Other Receivables $45.00M $12.00M
Total Short-Term Assets $832.8M $867.7M
YoY Change -4.02% -4.77%
LONG-TERM ASSETS
Property, Plant & Equipment $848.7M $935.5M
YoY Change -9.27% -8.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $105.4M $104.8M
YoY Change 0.6% 0.62%
Other Assets $76.20M $68.68M
YoY Change 10.95% -32.85%
Total Long-Term Assets $181.6M $173.5M
YoY Change 4.7% -15.97%
TOTAL ASSETS
Total Short-Term Assets $832.8M $867.7M
Total Long-Term Assets $181.6M $173.5M
Total Assets $1.863B $1.977B
YoY Change -5.74% -7.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.9M $127.1M
YoY Change 9.27% 23.29%
Accrued Expenses $143.6M $158.9M
YoY Change -9.63% -8.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $14.00M
YoY Change 7.14% 75.0%
Total Short-Term Liabilities $297.7M $300.4M
YoY Change -0.87% 5.79%
LONG-TERM LIABILITIES
Long-Term Debt $297.7M $307.7M
YoY Change -3.25% -3.23%
Other Long-Term Liabilities $68.58M $64.14M
YoY Change 6.92% -17.03%
Total Long-Term Liabilities $366.3M $371.9M
YoY Change -1.5% -5.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $297.7M $300.4M
Total Long-Term Liabilities $366.3M $371.9M
Total Liabilities $1.163B $1.288B
YoY Change -9.7% -4.09%
SHAREHOLDERS EQUITY
Retained Earnings $592.3M $298.7M
YoY Change 98.32% 250.89%
Common Stock $723.4M $704.2M
YoY Change 2.72% 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $662.1M $340.7M
YoY Change 94.35%
Treasury Stock Shares 8.088M shares 4.384M shares
Shareholders Equity $699.9M $688.5M
YoY Change
Total Liabilities & Shareholders Equity $1.863B $1.977B
YoY Change -5.74% -7.84%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $72.74M $59.99M
YoY Change 21.27% 16.1%
Depreciation, Depletion And Amortization $25.27M $29.70M
YoY Change -14.91% -6.95%
Cash From Operating Activities $84.98M $66.87M
YoY Change 27.09% -46.73%
INVESTING ACTIVITIES
Capital Expenditures $39.15M $9.453M
YoY Change 314.12% 58.87%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $11.00M
YoY Change -127.27% -127.43%
Cash From Investing Activities -$42.20M $1.481M
YoY Change -2949.43% -103.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $75.75M $38.19M
YoY Change 98.37%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -88.97M -$50.69M
YoY Change 75.51% 29.15%
NET CHANGE
Cash From Operating Activities 84.98M $66.87M
Cash From Investing Activities -42.20M $1.481M
Cash From Financing Activities -88.97M -$50.69M
Net Change In Cash -46.19M $17.66M
YoY Change -361.59% -56.02%
FREE CASH FLOW
Cash From Operating Activities $84.98M $66.87M
Capital Expenditures $39.15M $9.453M
Free Cash Flow $45.84M $57.41M
YoY Change -20.16% -51.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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87000 USD
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P5Y22D
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377000 USD
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377000 USD
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
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3970000 USD
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3094000 USD
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3051000 USD
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65000 USD
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CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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27902000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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9453000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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39147000 USD
CY2018Q1 us-gaap Payments To Acquire Royalty Interests In Mining Properties
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62000 USD
CY2019Q1 us-gaap Payments To Acquire Royalty Interests In Mining Properties
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63000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Benefit Expense
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1303000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Benefit Expense
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CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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26500000 USD
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CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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876000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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2926000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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0 USD
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555183000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
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25948000 USD
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24089000 USD
CY2018Q1 us-gaap Share Based Compensation
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3845000 USD
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5651000 USD
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872317000 shares
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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388000000 USD
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662100000 USD
CY2017Q4 us-gaap Stockholders Equity
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665865000 USD
CY2018Q1 us-gaap Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity
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704821000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
699947000 USD
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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81.86
CY2018Q4 us-gaap Treasury Stock Shares
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7216000 shares
CY2019Q1 us-gaap Treasury Stock Shares
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8088000 shares
CY2018Q4 us-gaap Treasury Stock Value
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583883000 USD
CY2019Q1 us-gaap Treasury Stock Value
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662132000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
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38589000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
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78249000 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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974000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1105000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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21875000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18599000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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20901000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17494000 shares
CY2018Q4 us-gaap Workers Compensation Liability Current
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20044000 USD
CY2019Q1 us-gaap Workers Compensation Liability Current
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18187000 USD
CY2018Q4 us-gaap Workers Compensation Liability Noncurrent
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174303000 USD
CY2019Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
168851000 USD

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