2019 Q1 Form 10-Q Financial Statement

#000106472819000022 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.251B $1.463B
YoY Change -14.5% 10.29%
Cost Of Revenue $948.4M $1.057B
YoY Change -10.29% 9.7%
Gross Profit $302.2M $405.5M
YoY Change -25.47% 11.86%
Gross Profit Margin 24.16% 27.72%
Selling, General & Admin $36.70M $37.00M
YoY Change -0.81% -0.54%
% of Gross Profit 12.14% 9.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $172.5M $169.6M
YoY Change 1.71% 41.45%
% of Gross Profit 57.08% 41.82%
Operating Expenses $36.70M $37.00M
YoY Change -0.81% -0.54%
Operating Profit $184.5M $239.2M
YoY Change -22.87% 20.75%
Interest Expense $35.80M $36.30M
YoY Change -1.38% 10.33%
% of Operating Profit 19.4% 15.18%
Other Income/Expense, Net -$4.900M -$4.500M
YoY Change 8.89%
Pretax Income $152.1M $218.4M
YoY Change -30.36% 72.65%
Income Tax $18.80M $10.10M
% Of Pretax Income 12.36% 4.62%
Net Earnings $124.2M $106.6M
YoY Change 16.51% -12.69%
Net Earnings / Revenue 9.93% 7.29%
Basic Earnings Per Share $1.14 $0.83
Diluted Earnings Per Share $1.12 $0.82
COMMON SHARES
Basic Shares Outstanding 108.5M shares 120.9M shares
Diluted Shares Outstanding 110.5M shares 123.2M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $798.0M $1.417B
YoY Change -43.68% 32.68%
Cash & Equivalents $798.1M $1.438B
Short-Term Investments
Other Short-Term Assets $239.5M $371.0M
YoY Change -35.44% -24.88%
Inventory $268.5M $266.0M
Prepaid Expenses
Receivables $554.6M $524.0M
Other Receivables $188.0M $0.00
Total Short-Term Assets $1.861B $2.578B
YoY Change -27.82% -19.59%
LONG-TERM ASSETS
Property, Plant & Equipment $5.070B $5.008B
YoY Change 1.23% -42.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $151.0M $344.0M
YoY Change -56.1% -60.28%
Other Assets $211.8M $86.00M
YoY Change 146.28% -91.19%
Total Long-Term Assets $5.427B $5.437B
YoY Change -0.19% -43.54%
TOTAL ASSETS
Total Short-Term Assets $1.861B $2.578B
Total Long-Term Assets $5.427B $5.437B
Total Assets $7.288B $8.015B
YoY Change -9.08% -37.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $930.0M
YoY Change
Accrued Expenses $31.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.00M $87.00M
YoY Change -59.77% 383.33%
Total Short-Term Liabilities $1.049B $1.147B
YoY Change -8.53% 16.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.327B $1.368B
YoY Change -3.0% 43.85%
Other Long-Term Liabilities $345.9M $1.844B
YoY Change -81.24% 260.79%
Total Long-Term Liabilities $345.9M $3.212B
YoY Change -89.23% 528.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.049B $1.147B
Total Long-Term Liabilities $345.9M $3.212B
Total Liabilities $4.025B $4.405B
YoY Change -8.62% -64.31%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 30.40M shares
Shareholders Equity $3.215B $3.610B
YoY Change
Total Liabilities & Shareholders Equity $7.288B $8.015B
YoY Change -9.08% -37.56%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $124.2M $106.6M
YoY Change 16.51% -12.69%
Depreciation, Depletion And Amortization $172.5M $169.6M
YoY Change 1.71% 41.45%
Cash From Operating Activities $197.6M $579.7M
YoY Change -65.91% 143.16%
INVESTING ACTIVITIES
Capital Expenditures -$35.80M -$53.70M
YoY Change -33.33% -263.72%
Acquisitions $2.400M $0.00
YoY Change
Other Investing Activities -$800.0K $1.300M
YoY Change -161.54% 333.33%
Cash From Investing Activities -$38.10M -$6.400M
YoY Change 495.31% -142.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $98.80M $175.5M
YoY Change -43.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$337.3M -$205.1M
YoY Change 64.46% 255.46%
NET CHANGE
Cash From Operating Activities $197.6M $579.7M
Cash From Investing Activities -$38.10M -$6.400M
Cash From Financing Activities -$337.3M -$205.1M
Net Change In Cash -$177.8M $368.2M
YoY Change -148.29% 88.05%
FREE CASH FLOW
Cash From Operating Activities $197.6M $579.7M
Capital Expenditures -$35.80M -$53.70M
Free Cash Flow $233.4M $633.4M
YoY Change -63.15% 208.07%

Facts In Submission

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2000000 shares
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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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108500000 shares

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