2018 Q4 Form 10-Q Financial Statement

#000002321719000002 Filed on January 03, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $2.384B $2.173B
YoY Change 9.68% 4.07%
Cost Of Revenue $1.707B $1.515B
YoY Change 12.63% 5.15%
Gross Profit $677.2M $658.3M
YoY Change 2.87% 1.67%
Gross Profit Margin 28.41% 30.29%
Selling, General & Admin $487.3M $324.8M
YoY Change 50.03% -22.28%
% of Gross Profit 71.96% 49.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.80M $55.60M
YoY Change 18.35% -4.47%
% of Gross Profit 9.72% 8.45%
Operating Expenses $487.3M $324.8M
YoY Change 50.03% -22.28%
Operating Profit $433.3M $395.9M
YoY Change 9.45% 15.46%
Interest Expense -$78.30M -$35.00M
YoY Change 123.71% -41.28%
% of Operating Profit -18.07% -8.84%
Other Income/Expense, Net
YoY Change
Pretax Income $119.0M $313.0M
YoY Change -61.98% 78.35%
Income Tax $22.40M $109.5M
% Of Pretax Income 18.82% 34.98%
Net Earnings $131.6M $223.5M
YoY Change -41.12% 83.05%
Net Earnings / Revenue 5.52% 10.28%
Basic Earnings Per Share $0.31 $0.55
Diluted Earnings Per Share $0.31 $0.54
COMMON SHARES
Basic Shares Outstanding 419.9M 406.5M shares
Diluted Shares Outstanding 421.8M 410.4M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $442.0M $84.00M
YoY Change 426.19% -94.18%
Cash & Equivalents $442.3M $84.00M
Short-Term Investments
Other Short-Term Assets $108.7M $183.5M
YoY Change -40.76% 105.49%
Inventory $1.730B $1.059B
Prepaid Expenses
Receivables $958.0M $684.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.275B $2.056B
YoY Change 59.29% -38.53%
LONG-TERM ASSETS
Property, Plant & Equipment $2.361B $1.642B
YoY Change 43.78% -1.64%
Goodwill $11.17B $4.457B
YoY Change 150.55% 4.9%
Intangibles $5.132B $1.298B
YoY Change 295.33% 2.96%
Long-Term Investments
YoY Change
Other Assets $960.4M $846.1M
YoY Change 13.51% -5.93%
Total Long-Term Assets $19.73B $8.344B
YoY Change 136.48% 3.26%
TOTAL ASSETS
Total Short-Term Assets $3.275B $2.056B
Total Long-Term Assets $19.73B $8.344B
Total Assets $23.01B $10.40B
YoY Change 121.22% -8.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.246B $886.7M
YoY Change 40.53% 13.09%
Accrued Expenses $967.0M $695.0M
YoY Change 39.14% -3.87%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $67.00M
YoY Change -98.51% 857.14%
Long-Term Debt Due $17.00M $199.0M
YoY Change -91.46% -13.85%
Total Short-Term Liabilities $2.235B $1.850B
YoY Change 20.76% 6.01%
LONG-TERM LIABILITIES
Long-Term Debt $11.55B $3.262B
YoY Change 253.92% 1.49%
Other Long-Term Liabilities $1.924B $1.502B
YoY Change 28.11% -22.54%
Total Long-Term Liabilities $1.924B $1.502B
YoY Change 28.11% -22.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.235B $1.850B
Total Long-Term Liabilities $1.924B $1.502B
Total Liabilities $15.70B $6.614B
YoY Change 137.44% -4.13%
SHAREHOLDERS EQUITY
Retained Earnings $4.886B $4.464B
YoY Change 9.46% 9.49%
Common Stock $5.202B $4.007B
YoY Change 29.84% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.773B $4.608B
YoY Change -39.83% 39.86%
Treasury Stock Shares 98.58M shares 167.2M shares
Shareholders Equity $7.224B $3.698B
YoY Change
Total Liabilities & Shareholders Equity $23.01B $10.40B
YoY Change 121.22% -8.97%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $131.6M $223.5M
YoY Change -41.12% 83.05%
Depreciation, Depletion And Amortization $65.80M $55.60M
YoY Change 18.35% -4.47%
Cash From Operating Activities $167.2M $284.7M
YoY Change -41.27% 12.66%
INVESTING ACTIVITIES
Capital Expenditures -$47.20M -$80.80M
YoY Change -41.58% 34.22%
Acquisitions
YoY Change
Other Investing Activities -$5.117B -$246.7M
YoY Change 1974.1% 52.76%
Cash From Investing Activities -$5.164B -$327.5M
YoY Change 1476.79% 47.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.366B -123.4M
YoY Change -4448.7% -118.79%
NET CHANGE
Cash From Operating Activities 167.2M 284.7M
Cash From Investing Activities -5.164B -327.5M
Cash From Financing Activities 5.366B -123.4M
Net Change In Cash 369.5M -166.2M
YoY Change -322.32% -124.16%
FREE CASH FLOW
Cash From Operating Activities $167.2M $284.7M
Capital Expenditures -$47.20M -$80.80M
Free Cash Flow $214.4M $365.5M
YoY Change -41.34% 16.81%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications and other changes </font><font style="font-family:inherit;font-size:10pt;">&#8212; Certain prior year amounts have been reclassified to conform with current year presentation.</font></div></div>
us-gaap Use Of Estimates
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