2018 Q4 Form 10-Q Financial Statement

#000086343618000042 Filed on November 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $657.1M $640.7M $610.9M
YoY Change -1.35% 4.87% 4.16%
Cost Of Revenue $601.9M $587.9M $552.7M
YoY Change -0.58% 6.37% 5.98%
Gross Profit $52.09M $49.00M $58.24M
YoY Change -14.12% -15.88% 7.5%
Gross Profit Margin 7.93% 7.65% 9.53%
Selling, General & Admin $34.00M $37.61M $32.10M
YoY Change 2.1% 17.16% 14.23%
% of Gross Profit 65.27% 76.76% 55.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.20M $14.56M $12.27M
YoY Change 0.83% 18.62% -12.96%
% of Gross Profit 23.42% 29.72% 21.07%
Operating Expenses $36.40M $37.61M $34.80M
YoY Change 2.25% 8.07% 11.18%
Operating Profit $15.69M $10.96M $20.90M
YoY Change -37.38% -47.58% 15.6%
Interest Expense -$300.0K $3.822M $2.324M
YoY Change -62.5% 64.46% -236.71%
% of Operating Profit -1.91% 34.88% 11.12%
Other Income/Expense, Net -$200.0K $1.139M -$394.0K
YoY Change -60.0% -389.09% -1.5%
Pretax Income $14.80M $9.893M $19.52M
YoY Change -28.16% -49.32% 21.99%
Income Tax -$8.600M $2.094M $1.688M
% Of Pretax Income -58.11% 21.17% 8.65%
Net Earnings $27.72M $7.799M $17.83M
YoY Change -136.3% -56.26% -20.91%
Net Earnings / Revenue 4.22% 1.22% 2.92%
Basic Earnings Per Share $0.64 $0.17 $0.36
Diluted Earnings Per Share $0.64 $0.17 $0.35
COMMON SHARES
Basic Shares Outstanding 43.71M shares 46.30M shares 49.87M shares
Diluted Shares Outstanding 46.46M shares 50.33M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $458.1M $475.7M $730.1M
YoY Change -38.3% -34.84% 14.85%
Cash & Equivalents $458.1M $475.7M $730.1M
Short-Term Investments
Other Short-Term Assets $27.00M $35.00M $42.20M
YoY Change -25.0% -17.06% 34.39%
Inventory $310.0M $321.2M $421.9M
Prepaid Expenses
Receivables $468.2M $456.0M $411.6M
Other Receivables $200.0K $0.00 $100.0K
Total Short-Term Assets $1.404B $1.444B $1.606B
YoY Change -13.93% -10.09% 8.45%
LONG-TERM ASSETS
Property, Plant & Equipment $211.0M $208.5M $178.1M
YoY Change 13.13% 17.05% 5.52%
Goodwill $192.1M $192.1M $191.6M
YoY Change 0.26% 0.26% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $90.69M $92.32M $96.16M
YoY Change -6.05% -3.99% -8.72%
Total Long-Term Assets $496.2M $497.0M $470.8M
YoY Change 3.67% 5.56% -1.58%
TOTAL ASSETS
Total Short-Term Assets $1.404B $1.444B $1.606B
Total Long-Term Assets $496.2M $497.0M $470.8M
Total Assets $1.900B $1.941B $2.077B
YoY Change -9.93% -6.55% 6.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $422.1M $373.9M $335.3M
YoY Change 16.36% 11.5% 8.57%
Accrued Expenses $97.90M $93.00M $90.00M
YoY Change 14.24% 3.33% 20.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.800M $4.900M $16.80M
YoY Change -62.84% -70.83% 35.48%
Total Short-Term Liabilities $537.2M $478.2M $445.8M
YoY Change 12.3% 7.26% 11.13%
LONG-TERM LIABILITIES
Long-Term Debt $147.3M $149.3M $197.8M
YoY Change -23.84% -24.52% -7.66%
Other Long-Term Liabilities $68.80M $90.62M $8.236M
YoY Change -23.34% 1000.23% -12.83%
Total Long-Term Liabilities $68.80M $90.62M $8.236M
YoY Change -23.34% 1000.23% -12.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $537.2M $478.2M $445.8M
Total Long-Term Liabilities $68.80M $90.62M $8.236M
Total Liabilities $606.0M $568.8M $454.0M
YoY Change -21.32% 25.28% 10.58%
SHAREHOLDERS EQUITY
Retained Earnings $584.3M $609.6M $788.9M
YoY Change -17.5% -22.73% 7.97%
Common Stock $4.136M $4.513M $4.982M
YoY Change -15.83% -9.41% 2.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.132B $1.202B $1.425B
YoY Change
Total Liabilities & Shareholders Equity $1.900B $1.941B $2.077B
YoY Change -9.93% -6.55% 6.0%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $27.72M $7.799M $17.83M
YoY Change -136.3% -56.26% -20.91%
Depreciation, Depletion And Amortization $12.20M $14.56M $12.27M
YoY Change 0.83% 18.62% -12.96%
Cash From Operating Activities $94.00M -$1.100M -$2.600M
YoY Change 68.16% -57.69% -103.69%
INVESTING ACTIVITIES
Capital Expenditures -$13.80M -$14.50M -$11.30M
YoY Change -17.86% 28.32% 22.83%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$13.80M -$14.40M -$11.40M
YoY Change -26.2% 26.32% -860.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -97.30M -104.2M -5.300M
YoY Change 286.11% 1866.04% -45.36%
NET CHANGE
Cash From Operating Activities 94.00M -1.100M -2.600M
Cash From Investing Activities -13.80M -14.40M -11.40M
Cash From Financing Activities -97.30M -104.2M -5.300M
Net Change In Cash -17.10M -119.7M -19.30M
YoY Change -242.5% 520.21% -130.98%
FREE CASH FLOW
Cash From Operating Activities $94.00M -$1.100M -$2.600M
Capital Expenditures -$13.80M -$14.50M -$11.30M
Free Cash Flow $107.8M $13.40M $8.700M
YoY Change 48.28% 54.02% -89.08%

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