2018 Q4 Form 10-Q Financial Statement

#000156459018026512 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $1.464B $1.628B $1.584B
YoY Change -7.05% 2.78% 13.3%
Cost Of Revenue $1.064B $1.151B $1.119B
YoY Change -2.39% 2.86% 5.97%
Gross Profit $400.0M $477.0M $465.0M
YoY Change -17.53% 2.58% 35.96%
Gross Profit Margin 27.32% 29.3% 29.36%
Selling, General & Admin $191.0M $163.0M $148.0M
YoY Change 4.95% 10.14% 0.0%
% of Gross Profit 47.75% 34.17% 31.83%
Research & Development $21.00M $20.00M $20.00M
YoY Change 5.0% 0.0% 5.26%
% of Gross Profit 5.25% 4.19% 4.3%
Depreciation & Amortization $71.00M $71.00M $62.00M
YoY Change 2.9% 14.52% -15.07%
% of Gross Profit 17.75% 14.88% 13.33%
Operating Expenses $212.0M $195.0M $168.0M
YoY Change 4.95% 16.07% 0.6%
Operating Profit $188.0M $282.0M $297.0M
YoY Change -33.57% -5.05% 69.71%
Interest Expense -$31.00M $47.00M -$50.00M
YoY Change -32.61% -194.0% -198.04%
% of Operating Profit -16.49% 16.67% -16.84%
Other Income/Expense, Net $42.00M $24.00M $12.00M
YoY Change -17.65% 100.0% -92.55%
Pretax Income $182.0M $269.0M $250.0M
YoY Change -31.06% 7.6% 6.84%
Income Tax $40.00M -$6.000M $43.00M
% Of Pretax Income 21.98% -2.23% 17.2%
Net Earnings $142.0M $275.0M $207.0M
YoY Change -37.72% 32.85% 1.47%
Net Earnings / Revenue 9.7% 16.89% 13.07%
Basic Earnings Per Share $0.83 $1.56 $1.12
Diluted Earnings Per Share $0.81 $1.51 $1.08
COMMON SHARES
Basic Shares Outstanding 171.1M 176.5M 185.4M
Diluted Shares Outstanding 181.9M 191.6M

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.201B $1.275B $1.535B
YoY Change -22.81% -16.94% 60.4%
Cash & Equivalents $1.201B $1.275B $1.535B
Short-Term Investments
Other Short-Term Assets $88.00M $92.00M $82.00M
YoY Change 6.02% 12.2% 10.81%
Inventory $1.147B $1.086B $877.0M
Prepaid Expenses $84.00M $89.00M $79.00M
Receivables $790.0M $925.0M $872.0M
Other Receivables $71.00M $73.00M $70.00M
Total Short-Term Assets $3.293B $3.448B $3.433B
YoY Change -5.73% 0.44% 24.52%
LONG-TERM ASSETS
Property, Plant & Equipment $3.291B $3.207B $2.950B
YoY Change 9.41% 8.71% 4.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $160.0M $179.0M $166.0M
YoY Change -7.51% 7.83% -1.78%
Other Assets $437.0M $491.0M $404.0M
YoY Change -3.53% 21.53% 10.08%
Total Long-Term Assets $4.069B $4.064B $3.687B
YoY Change 7.08% 10.23% 4.39%
TOTAL ASSETS
Total Short-Term Assets $3.293B $3.448B $3.433B
Total Long-Term Assets $4.069B $4.064B $3.687B
Total Assets $7.362B $7.512B $7.120B
YoY Change 0.95% 5.51% 13.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.137B $1.123B $1.010B
YoY Change 5.77% 11.19% 20.96%
Accrued Expenses $559.0M $561.0M $546.0M
YoY Change 0.18% 2.75% -4.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.00M $14.00M $14.00M
YoY Change -13.33% 0.0% -56.25%
Total Short-Term Liabilities $1.709B $1.698B $1.570B
YoY Change 3.7% 8.15% 9.33%
LONG-TERM LIABILITIES
Long-Term Debt $3.959B $3.985B $4.081B
YoY Change -3.37% -2.35% 9.91%
Other Long-Term Liabilities $457.0M $463.0M $489.0M
YoY Change -3.79% -5.32% -12.37%
Total Long-Term Liabilities $4.416B $4.448B $4.570B
YoY Change -3.41% -2.67% 7.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.709B $1.698B $1.570B
Total Long-Term Liabilities $4.416B $4.448B $4.570B
Total Liabilities $6.342B $6.366B $6.315B
YoY Change -1.34% 0.81% 6.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.466B $1.358B $388.0M
YoY Change 153.2% 250.0% 231.62%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $16.42M $13.30M
Shareholders Equity $1.014B $1.140B $800.0M
YoY Change
Total Liabilities & Shareholders Equity $7.362B $7.512B $7.120B
YoY Change 0.95% 5.51% 13.21%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $142.0M $275.0M $207.0M
YoY Change -37.72% 32.85% 1.47%
Depreciation, Depletion And Amortization $71.00M $71.00M $62.00M
YoY Change 2.9% 14.52% -15.07%
Cash From Operating Activities $259.0M $342.0M $112.0M
YoY Change -14.52% 205.36% -43.43%
INVESTING ACTIVITIES
Capital Expenditures -$154.0M -$116.0M -$108.0M
YoY Change -6.67% 7.41% 61.19%
Acquisitions
YoY Change
Other Investing Activities -$6.000M $19.00M $4.000M
YoY Change 100.0% 375.0% -99.28%
Cash From Investing Activities -$160.0M -$97.00M -$104.0M
YoY Change -4.76% -6.73% -121.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -170.0M -182.0M -15.00M
YoY Change 47.83% 1113.33% -87.7%
NET CHANGE
Cash From Operating Activities 259.0M 342.0M 112.0M
Cash From Investing Activities -160.0M -97.00M -104.0M
Cash From Financing Activities -170.0M -182.0M -15.00M
Net Change In Cash -71.00M 63.00M -7.000M
YoY Change -455.0% -1000.0% -101.24%
FREE CASH FLOW
Cash From Operating Activities $259.0M $342.0M $112.0M
Capital Expenditures -$154.0M -$116.0M -$108.0M
Free Cash Flow $413.0M $458.0M $220.0M
YoY Change -11.75% 108.18% -16.98%

Facts In Submission

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