2018 Q1 Form 10-Q Financial Statement

#000089056418000051 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $685.2M $626.5M
YoY Change 9.36% 7.64%
Cost Of Revenue $467.5M $428.4M
YoY Change 9.13% 8.66%
Gross Profit $217.7M $198.1M
YoY Change 9.87% 5.52%
Gross Profit Margin 31.77% 31.63%
Selling, General & Admin $164.4M $146.1M
YoY Change 12.55% 4.43%
% of Gross Profit 75.52% 73.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.40M $14.48M
YoY Change -0.52% -6.17%
% of Gross Profit 6.61% 7.31%
Operating Expenses $164.4M $146.1M
YoY Change 12.55% 4.43%
Operating Profit $45.70M $43.61M
YoY Change 4.8% 15.5%
Interest Expense $6.600M $8.501M
YoY Change -22.36% -5.81%
% of Operating Profit 14.44% 19.49%
Other Income/Expense, Net
YoY Change
Pretax Income $39.10M $35.11M
YoY Change 11.37% 22.19%
Income Tax $9.900M $12.73M
% Of Pretax Income 25.32% 36.25%
Net Earnings $29.10M $22.39M
YoY Change 29.96% 28.68%
Net Earnings / Revenue 4.25% 3.57%
Basic Earnings Per Share $0.56 $0.43
Diluted Earnings Per Share $0.55 $0.42
COMMON SHARES
Basic Shares Outstanding 52.20M shares 52.66M shares
Diluted Shares Outstanding 52.80M shares 53.25M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.90M $24.00M
YoY Change 224.58% -15.49%
Cash & Equivalents $77.90M $24.01M
Short-Term Investments
Other Short-Term Assets $5.049M $3.048M
YoY Change 65.65% -14.98%
Inventory
Prepaid Expenses $10.65M $6.817M
Receivables $443.3M $394.4M
Other Receivables $15.40M $13.70M
Total Short-Term Assets $552.3M $442.0M
YoY Change 24.95% 2.27%
LONG-TERM ASSETS
Property, Plant & Equipment $57.07M $59.57M
YoY Change -4.2% 9.34%
Goodwill $894.9M $873.9M
YoY Change 2.4% -0.2%
Intangibles $591.3M $614.9M
YoY Change -3.83% -5.96%
Long-Term Investments
YoY Change
Other Assets $8.563M $7.324M
YoY Change 16.92% 10.14%
Total Long-Term Assets $1.306B $1.310B
YoY Change -0.32% -2.59%
TOTAL ASSETS
Total Short-Term Assets $552.3M $442.0M
Total Long-Term Assets $1.306B $1.310B
Total Assets $1.858B $1.752B
YoY Change 6.05% -1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.47M $7.342M
YoY Change 97.04% 19.11%
Accrued Expenses $137.8M $127.3M
YoY Change 8.25% 1.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $182.7M $167.7M
YoY Change 9.0% -4.61%
LONG-TERM LIABILITIES
Long-Term Debt $565.9M $617.1M
YoY Change -8.29% -14.68%
Other Long-Term Liabilities $9.827M $6.783M
YoY Change 44.88% 34.77%
Total Long-Term Liabilities $575.8M $623.9M
YoY Change -7.71% -14.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.7M $167.7M
Total Long-Term Liabilities $575.8M $623.9M
Total Liabilities $827.9M $865.8M
YoY Change -4.37% -10.34%
SHAREHOLDERS EQUITY
Retained Earnings $457.5M $330.3M
YoY Change 38.53% 23.71%
Common Stock $574.9M $565.4M
YoY Change 1.68% 2.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.030B $886.3M
YoY Change
Total Liabilities & Shareholders Equity $1.858B $1.752B
YoY Change 6.05% -1.41%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $29.10M $22.39M
YoY Change 29.96% 28.68%
Depreciation, Depletion And Amortization $14.40M $14.48M
YoY Change -0.52% -6.17%
Cash From Operating Activities $54.70M $43.80M
YoY Change 24.89% 14.58%
INVESTING ACTIVITIES
Capital Expenditures $6.200M $6.792M
YoY Change -8.72% -6.73%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 -$17.00K
YoY Change -100.0% -90.34%
Cash From Investing Activities -$6.200M -$6.775M
YoY Change -8.49% 512.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $12.14M
YoY Change -100.0%
Debt Paid & Issued, Net $10.00M $26.00M
YoY Change -61.54% -21.21%
Cash From Financing Activities -$7.700M -$40.22M
YoY Change -80.85% 23.48%
NET CHANGE
Cash From Operating Activities $54.70M $43.80M
Cash From Investing Activities -$6.200M -$6.775M
Cash From Financing Activities -$7.700M -$40.22M
Net Change In Cash $40.80M -$3.190M
YoY Change -1379.0% -170.03%
FREE CASH FLOW
Cash From Operating Activities $54.70M $43.80M
Capital Expenditures $6.200M $6.792M
Free Cash Flow $48.50M $37.01M
YoY Change 31.05% 19.59%

Facts In Submission

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PaymentsToAcquirePropertyPlantAndEquipment
6792000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6198000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18592000 USD
CY2018Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10646000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
4106000 USD
CY2018Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
4388000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57996000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57067000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2807000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
483000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
26000000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
428419000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
457511000 USD
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
626528000 USD
CY2018Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
685173000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
588000000 USD
CY2018Q1 us-gaap Secured Debt
SecuredDebt
578000000 USD
CY2017Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
2100000 USD
CY2018Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
2100000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
146072000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
164444000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5570000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4891000 USD
CY2018Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
129514 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
991391000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1030216000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12787000 USD
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12071000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53249000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52831000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52658000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52178000 shares
CY2017Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
14777000 USD
CY2018Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
17479000 USD

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