2018 Q4 Form 10-Q Financial Statement

#000089056418000080 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $929.7M $906.4M $878.5M
YoY Change 36.91% 35.88% 34.47%
Cost Of Revenue $657.8M $636.3M $614.6M
YoY Change 43.5% 41.8% 39.56%
Gross Profit $272.0M $270.1M $263.9M
YoY Change 23.26% 23.72% 23.93%
Gross Profit Margin 29.26% 29.8% 30.04%
Selling, General & Admin $181.9M $177.3M $179.7M
YoY Change 20.15% 18.84% 23.78%
% of Gross Profit 66.88% 65.64% 68.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.70M $28.30M $28.60M
YoY Change 56.95% 92.52% 100.0%
% of Gross Profit 8.71% 10.48% 10.84%
Operating Expenses $195.7M $177.3M $179.7M
YoY Change 22.47% 18.84% 23.78%
Operating Profit $76.30M $74.20M $65.70M
YoY Change 25.33% 21.9% 10.49%
Interest Expense -$14.20M $14.60M $20.50M
YoY Change 136.67% 105.66% 237.89%
% of Operating Profit -18.61% 19.68% 31.2%
Other Income/Expense, Net
YoY Change
Pretax Income $60.20M $59.60M $45.20M
YoY Change 9.85% 10.84% -15.35%
Income Tax $17.30M $10.50M $11.50M
% Of Pretax Income 28.74% 17.62% 25.44%
Net Earnings $45.90M $49.10M $33.60M
YoY Change -31.83% 40.87% 1.52%
Net Earnings / Revenue 4.94% 5.42% 3.82%
Basic Earnings Per Share $0.88 $0.94 $0.64
Diluted Earnings Per Share $0.86 $0.93 $0.63
COMMON SHARES
Basic Shares Outstanding 52.48M shares 52.40M shares 52.30M shares
Diluted Shares Outstanding 53.00M shares 53.00M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.80M $40.90M $44.70M
YoY Change 13.9% 46.07% 135.26%
Cash & Equivalents $41.80M $40.90M $44.70M
Short-Term Investments
Other Short-Term Assets $4.300M $4.351M $4.200M
YoY Change 42.1% 40.22% 34.74%
Inventory
Prepaid Expenses $11.40M $13.61M $15.29M
Receivables $613.8M $572.9M $558.0M
Other Receivables $15.00M $14.90M $15.20M
Total Short-Term Assets $686.3M $646.6M $637.3M
YoY Change 37.39% 33.11% 37.74%
LONG-TERM ASSETS
Property, Plant & Equipment $79.10M $81.67M $83.99M
YoY Change 36.39% 40.26% 40.44%
Goodwill $1.421B $1.421B $527.4M
YoY Change 58.94% 58.95% -39.76%
Intangibles $750.9M $764.8M $783.5M
YoY Change 25.42% 25.98% 29.01%
Long-Term Investments
YoY Change
Other Assets $12.60M $13.13M $12.53M
YoY Change 119.17% 119.98% 74.24%
Total Long-Term Assets $2.002B $2.018B $2.038B
YoY Change 52.72% 52.98% 56.27%
TOTAL ASSETS
Total Short-Term Assets $686.3M $646.6M $637.3M
Total Long-Term Assets $2.002B $2.018B $2.038B
Total Assets $2.688B $2.665B $2.675B
YoY Change 48.49% 47.63% 51.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.10M $28.92M $26.98M
YoY Change 527.37% 369.19% 327.35%
Accrued Expenses $212.2M $212.8M $196.9M
YoY Change 63.73% 48.29% 46.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $308.2M $291.4M $279.1M
YoY Change 84.86% 54.03% 56.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.100B $1.154B $1.241B
YoY Change 91.3% 89.21% 114.03%
Other Long-Term Liabilities $17.30M $17.48M $17.53M
YoY Change 134.67% 199.52% 159.45%
Total Long-Term Liabilities $1.118B $1.172B $1.258B
YoY Change 91.85% 90.25% 114.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $308.2M $291.4M $279.1M
Total Long-Term Liabilities $1.118B $1.172B $1.258B
Total Liabilities $1.506B $1.535B $1.606B
YoY Change 83.9% 74.43% 91.39%
SHAREHOLDERS EQUITY
Retained Earnings $586.1M $540.2M $491.1M
YoY Change 36.81% 49.6% 35.15%
Common Stock $602.3M $594.6M $582.5M
YoY Change 6.3% 4.65% 2.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.182B $1.130B $1.069B
YoY Change
Total Liabilities & Shareholders Equity $2.688B $2.665B $2.675B
YoY Change 48.49% 47.63% 51.42%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $45.90M $49.10M $33.60M
YoY Change -31.83% 40.87% 1.52%
Depreciation, Depletion And Amortization $23.70M $28.30M $28.60M
YoY Change 56.95% 92.52% 100.0%
Cash From Operating Activities $63.90M $92.10M $76.80M
YoY Change 9.79% 68.68% 92.96%
INVESTING ACTIVITIES
Capital Expenditures -$6.600M -$7.500M -$8.400M
YoY Change 4.76% 56.25% 31.25%
Acquisitions
YoY Change
Other Investing Activities $400.0K $200.0K -$760.6M
YoY Change -500.0% -100.78% 760500.0%
Cash From Investing Activities -$6.200M -$7.300M -$769.0M
YoY Change 0.0% -76.07% 11551.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.20M -88.50M 660.2M
YoY Change 28.6% 470.97% -1788.49%
NET CHANGE
Cash From Operating Activities 63.90M 92.10M 76.80M
Cash From Investing Activities -6.200M -7.300M -769.0M
Cash From Financing Activities -56.20M -88.50M 660.2M
Net Change In Cash 1.500M -3.700M -32.00M
YoY Change -81.93% -143.02% 442.37%
FREE CASH FLOW
Cash From Operating Activities $63.90M $92.10M $76.80M
Capital Expenditures -$6.600M -$7.500M -$8.400M
Free Cash Flow $70.50M $99.60M $85.20M
YoY Change 9.3% 67.68% 84.42%

Facts In Submission

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53771000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
142272000 USD
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59691000 USD
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CY2017Q3 us-gaap Income Tax Expense Benefit
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9892000 USD
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47819000 USD
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13426000 USD
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6849000 USD
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14291000 USD
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3895000 USD
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5639000 USD
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958000 USD
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CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2017Q4 us-gaap Indefinite Lived Trademarks
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IndefiniteLivedTrademarks
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CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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IntangibleAssetsGrossExcludingGoodwill
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CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2017Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Expense Debt
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6160000 USD
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18980000 USD
us-gaap Interest Paid Net
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CY2017Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2018Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4390000 USD
CY2017Q4 us-gaap Liabilities
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CY2018Q3 us-gaap Liabilities
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CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1810129000 USD
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300000000 USD
CY2018Q3 us-gaap Long Term Debt
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us-gaap Net Cash Provided By Used In Operating Activities
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138187000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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223561000 USD
CY2017Q3 us-gaap Net Income Loss
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CY2017Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
OperatingIncomeLoss
185671000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
27600000 USD
CY2017Q4 us-gaap Other Assets Current
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CY2018Q3 us-gaap Other Assets Current
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1783000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
5628000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-268000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-1428000 USD
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17483000 USD
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-5967000 USD
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us-gaap Payments For Other Taxes
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7785000 USD
us-gaap Payments For Other Taxes
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4402000 USD
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0 USD
us-gaap Payments For Proceeds From Other Investing Activities
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180000 USD
us-gaap Payments For Repurchase Of Common Stock
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58949000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3273000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
22450000 USD
us-gaap Payments To Acquire Businesses Gross
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775000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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25828000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
760253000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18038000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22093000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2017Q4 us-gaap Preferred Stock Value
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CY2017Q4 us-gaap Prepaid Expense Current
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18592000 USD
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13606000 USD
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53223000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
53350000 shares
CY2018Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
53125000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
53085000 shares
us-gaap Proceeds From Issuance Of Long Term Debt
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37000000 USD
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822000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
7690000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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9342000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
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9216000 USD
us-gaap Provision For Doubtful Accounts
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2133000 USD
us-gaap Repayments Of Long Term Debt
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69500000 USD
us-gaap Repayments Of Long Term Debt
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231000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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428419000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
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540244000 USD
CY2017Q3 us-gaap Revenues
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us-gaap Revenues
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1946889000 USD
CY2018Q3 us-gaap Revenues
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906449000 USD
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2470131000 USD
CY2017Q4 us-gaap Secured Debt
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588000000 USD
CY2018Q3 us-gaap Secured Debt
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1179000000 USD
CY2017Q4 us-gaap Self Insurance Reserve
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2080000 USD
CY2018Q3 us-gaap Self Insurance Reserve
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2250000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
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149197000 USD
us-gaap Selling General And Administrative Expense
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440446000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
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177335000 USD
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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22380000 USD
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CY2018Q3 us-gaap Stockholders Equity
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1129824000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
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12787000 USD
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24846000 USD
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15300000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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2900000 USD
CY2017Q3 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
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52500000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
52660000 shares
CY2018Q3 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
52367000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
52298000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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53173000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53319000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53034000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52990000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52660000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52362000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52282000 shares
CY2017Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
14777000 USD
CY2018Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
17137000 USD

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