2019 Q3 Form 10-Q Financial Statement

#000156459019040478 Filed on November 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2017 Q4
Revenue $1.390B $1.628B $1.575B
YoY Change -14.62% 2.78% 19.14%
Cost Of Revenue $1.096B $1.151B $1.090B
YoY Change -4.78% 2.86% 6.45%
Gross Profit $294.0M $477.0M $485.0M
YoY Change -38.36% 2.58% 62.75%
Gross Profit Margin 21.15% 29.3% 30.79%
Selling, General & Admin $130.0M $163.0M $182.0M
YoY Change -20.25% 10.14% -63.01%
% of Gross Profit 44.22% 34.17% 37.53%
Research & Development $20.00M $20.00M $20.00M
YoY Change 0.0% 0.0% -4.76%
% of Gross Profit 6.8% 4.19% 4.12%
Depreciation & Amortization $78.00M $71.00M $69.00M
YoY Change 9.86% 14.52% -4.17%
% of Gross Profit 26.53% 14.88% 14.23%
Operating Expenses $184.0M $195.0M $202.0M
YoY Change -5.64% 16.07% -60.62%
Operating Profit $110.0M $282.0M $283.0M
YoY Change -60.99% -5.05% -231.63%
Interest Expense $53.00M $47.00M -$46.00M
YoY Change 12.77% -194.0% -34.29%
% of Operating Profit 48.18% 16.67% -16.25%
Other Income/Expense, Net $25.00M $24.00M $51.00M
YoY Change 4.17% 100.0% 24.39%
Pretax Income $91.00M $269.0M $264.0M
YoY Change -66.17% 7.6% -196.7%
Income Tax $15.00M -$6.000M -$4.000M
% Of Pretax Income 16.48% -2.23% -1.52%
Net Earnings $76.00M $275.0M $228.0M
YoY Change -72.36% 32.85% -199.13%
Net Earnings / Revenue 5.47% 16.89% 14.48%
Basic Earnings Per Share $0.46 $1.56 $1.23
Diluted Earnings Per Share $0.46 $1.51 $1.19
COMMON SHARES
Basic Shares Outstanding 163.8M 176.5M
Diluted Shares Outstanding 165.1M 181.9M

Balance Sheet

Concept 2019 Q3 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $694.0M $1.275B $1.556B
YoY Change -45.57% -16.94% 72.51%
Cash & Equivalents $694.0M $1.275B $1.556B
Short-Term Investments
Other Short-Term Assets $83.00M $92.00M $83.00M
YoY Change -9.78% 12.2% 5.06%
Inventory $1.223B $1.086B $935.0M
Prepaid Expenses $78.00M $89.00M $83.00M
Receivables $758.0M $925.0M $847.0M
Other Receivables $74.00M $73.00M $72.00M
Total Short-Term Assets $2.827B $3.448B $3.493B
YoY Change -18.01% 0.44% 36.82%
LONG-TERM ASSETS
Property, Plant & Equipment $3.520B $3.207B $3.008B
YoY Change 9.76% 8.71% 8.05%
Goodwill $153.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $184.0M $179.0M $173.0M
YoY Change 2.79% 7.83% 27.21%
Other Assets $442.0M $491.0M $453.0M
YoY Change -9.98% 21.53% 8.63%
Total Long-Term Assets $4.629B $4.064B $3.800B
YoY Change 13.9% 10.23% 8.35%
TOTAL ASSETS
Total Short-Term Assets $2.827B $3.448B $3.493B
Total Long-Term Assets $4.629B $4.064B $3.800B
Total Assets $7.456B $7.512B $7.293B
YoY Change -0.75% 5.51% 20.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $948.0M $1.123B $1.075B
YoY Change -15.58% 11.19% 21.61%
Accrued Expenses $546.0M $561.0M $558.0M
YoY Change -2.67% 2.75% -36.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $149.0M $14.00M $15.00M
YoY Change 964.29% 0.0% 0.0%
Total Short-Term Liabilities $1.643B $1.698B $1.648B
YoY Change -3.24% 8.15% -6.95%
LONG-TERM LIABILITIES
Long-Term Debt $4.007B $3.985B $4.097B
YoY Change 0.55% -2.35% 16.1%
Other Long-Term Liabilities $501.0M $463.0M $475.0M
YoY Change 8.21% -5.32% -9.35%
Total Long-Term Liabilities $4.508B $4.448B $4.572B
YoY Change 1.35% -2.67% 12.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.643B $1.698B $1.648B
Total Long-Term Liabilities $4.508B $4.448B $4.572B
Total Liabilities $6.613B $6.366B $6.428B
YoY Change 3.88% 0.81% 7.92%
SHAREHOLDERS EQUITY
Retained Earnings $1.606B $1.358B $579.0M
YoY Change 18.26% 250.0% -607.89%
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 $25.32M $13.30M $2.386M
Shareholders Equity $837.0M $1.140B $860.0M
YoY Change
Total Liabilities & Shareholders Equity $7.456B $7.512B $7.293B
YoY Change -0.75% 5.51% 20.35%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $76.00M $275.0M $228.0M
YoY Change -72.36% 32.85% -199.13%
Depreciation, Depletion And Amortization $78.00M $71.00M $69.00M
YoY Change 9.86% 14.52% -4.17%
Cash From Operating Activities $288.0M $342.0M $303.0M
YoY Change -15.79% 205.36% 12.22%
INVESTING ACTIVITIES
Capital Expenditures -$128.0M -$116.0M -$165.0M
YoY Change 10.34% 7.41% 60.19%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $19.00M -$3.000M
YoY Change -115.79% 375.0% -66.67%
Cash From Investing Activities -$131.0M -$97.00M -$168.0M
YoY Change 35.05% -6.73% 50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.00M -182.0M -115.0M
YoY Change -57.69% 1113.33% -30.72%
NET CHANGE
Cash From Operating Activities 288.0M 342.0M 303.0M
Cash From Investing Activities -131.0M -97.00M -168.0M
Cash From Financing Activities -77.00M -182.0M -115.0M
Net Change In Cash 80.00M 63.00M 20.00M
YoY Change 26.98% -1000.0% -350.0%
FREE CASH FLOW
Cash From Operating Activities $288.0M $342.0M $303.0M
Capital Expenditures -$128.0M -$116.0M -$165.0M
Free Cash Flow $416.0M $458.0M $468.0M
YoY Change -9.17% 108.18% 25.47%

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