2019 Q2 Form 10-Q Financial Statement

#000156459019028394 Filed on August 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q4 2018 Q2
Revenue $1.408B $1.464B $1.816B
YoY Change -22.47% -7.05% 14.36%
Cost Of Revenue $1.085B $1.064B $1.259B
YoY Change -13.82% -2.39% 9.48%
Gross Profit $323.0M $400.0M $557.0M
YoY Change -42.01% -17.53% 27.17%
Gross Profit Margin 22.94% 27.32% 30.67%
Selling, General & Admin $136.0M $191.0M $161.0M
YoY Change -15.53% 4.95% 2.55%
% of Gross Profit 42.11% 47.75% 28.9%
Research & Development $19.00M $21.00M $20.00M
YoY Change -5.0% 5.0% -4.76%
% of Gross Profit 5.88% 5.25% 3.59%
Depreciation & Amortization $78.00M $71.00M $72.00M
YoY Change 8.33% 2.9% 1.41%
% of Gross Profit 24.15% 17.75% 12.93%
Operating Expenses $162.0M $212.0M $191.0M
YoY Change -15.18% 4.95% 7.3%
Operating Profit $161.0M $188.0M $366.0M
YoY Change -56.01% -33.57% 40.77%
Interest Expense $52.00M -$31.00M $48.00M
YoY Change 8.33% -32.61% -211.63%
% of Operating Profit 32.3% -16.49% 13.11%
Other Income/Expense, Net $16.00M $42.00M $33.00M
YoY Change -51.52% -17.65% 43.48%
Pretax Income $133.0M $182.0M $323.0M
YoY Change -58.82% -31.06% 43.56%
Income Tax $37.00M $40.00M $41.00M
% Of Pretax Income 27.82% 21.98% 12.69%
Net Earnings $96.00M $142.0M $281.0M
YoY Change -65.84% -37.72% 74.53%
Net Earnings / Revenue 6.82% 9.7% 15.47%
Basic Earnings Per Share $0.58 $0.83 $1.58
Diluted Earnings Per Share $0.57 $0.81 $1.53
COMMON SHARES
Basic Shares Outstanding 164.1M 171.1M 177.8M
Diluted Shares Outstanding 166.9M 183.8M

Balance Sheet

Concept 2019 Q2 2018 Q4 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $630.0M $1.201B $1.217B
YoY Change -48.23% -22.81% -20.41%
Cash & Equivalents $630.0M $1.201B $1.217B
Short-Term Investments
Other Short-Term Assets $74.00M $88.00M $81.00M
YoY Change -8.64% 6.02% 10.96%
Inventory $1.250B $1.147B $1.013B
Prepaid Expenses $73.00M $84.00M $72.00M
Receivables $808.0M $790.0M $1.010B
Other Receivables $71.00M $71.00M $85.00M
Total Short-Term Assets $2.832B $3.293B $3.397B
YoY Change -16.63% -5.73% -1.25%
LONG-TERM ASSETS
Property, Plant & Equipment $3.491B $3.291B $3.105B
YoY Change 12.43% 9.41% 7.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $177.0M $160.0M $172.0M
YoY Change 2.91% -7.51% 8.86%
Other Assets $433.0M $437.0M $475.0M
YoY Change -8.84% -3.53% 23.7%
Total Long-Term Assets $4.601B $4.069B $3.941B
YoY Change 16.75% 7.08% 9.11%
TOTAL ASSETS
Total Short-Term Assets $2.832B $3.293B $3.397B
Total Long-Term Assets $4.601B $4.069B $3.941B
Total Assets $7.433B $7.362B $7.338B
YoY Change 1.29% 0.95% 4.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $956.0M $1.137B $1.175B
YoY Change -18.64% 5.77% 19.29%
Accrued Expenses $474.0M $559.0M $434.0M
YoY Change 9.22% 0.18% -19.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.00M $13.00M $13.00M
YoY Change 38.46% -13.33% -7.14%
Total Short-Term Liabilities $1.448B $1.709B $1.622B
YoY Change -10.73% 3.7% -7.31%
LONG-TERM LIABILITIES
Long-Term Debt $4.190B $3.959B $3.960B
YoY Change 5.81% -3.37% -2.37%
Other Long-Term Liabilities $487.0M $457.0M $476.0M
YoY Change 2.31% -3.79% -7.57%
Total Long-Term Liabilities $4.677B $4.416B $4.436B
YoY Change 5.43% -3.41% -2.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.448B $1.709B $1.622B
Total Long-Term Liabilities $4.677B $4.416B $4.436B
Total Liabilities $6.604B $6.342B $6.313B
YoY Change 4.61% -1.34% -2.65%
SHAREHOLDERS EQUITY
Retained Earnings $1.466B $1.127B
YoY Change 153.2% 505.91%
Common Stock $2.000M $2.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $16.42M $10.07M
Shareholders Equity $823.0M $1.014B $1.019B
YoY Change
Total Liabilities & Shareholders Equity $7.433B $7.362B $7.338B
YoY Change 1.29% 0.95% 4.06%

Cashflow Statement

Concept 2019 Q2 2018 Q4 2018 Q2
OPERATING ACTIVITIES
Net Income $96.00M $142.0M $281.0M
YoY Change -65.84% -37.72% 74.53%
Depreciation, Depletion And Amortization $78.00M $71.00M $72.00M
YoY Change 8.33% 2.9% 1.41%
Cash From Operating Activities $6.000M $259.0M $343.0M
YoY Change -98.25% -14.52% 87.43%
INVESTING ACTIVITIES
Capital Expenditures -$124.0M -$154.0M -$126.0M
YoY Change -1.59% -6.67% 82.61%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$6.000M -$46.00M
YoY Change -104.35% 100.0% -235.29%
Cash From Investing Activities -$122.0M -$160.0M -$172.0M
YoY Change -29.07% -4.76% 391.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.00M -170.0M -370.0M
YoY Change -111.08% 47.83% -178.39%
NET CHANGE
Cash From Operating Activities 6.000M 259.0M 343.0M
Cash From Investing Activities -122.0M -160.0M -172.0M
Cash From Financing Activities 41.00M -170.0M -370.0M
Net Change In Cash -75.00M -71.00M -199.0M
YoY Change -62.31% -455.0% -132.1%
FREE CASH FLOW
Cash From Operating Activities $6.000M $259.0M $343.0M
Capital Expenditures -$124.0M -$154.0M -$126.0M
Free Cash Flow $130.0M $413.0M $469.0M
YoY Change -72.28% -11.75% 86.11%

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