2019 Q3 Form 10-Q Financial Statement

#000126297619000090 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $634.0M $589.0M
YoY Change 7.64% 4.56%
Cost Of Revenue $325.7M $302.5M
YoY Change 7.67% 6.6%
Gross Profit $308.3M $286.5M
YoY Change 7.6% 2.5%
Gross Profit Margin 48.63% 48.65%
Selling, General & Admin $204.5M $224.0M
YoY Change -8.67% 9.32%
% of Gross Profit 66.35% 78.17%
Research & Development $63.20M $57.10M
YoY Change 10.68% -8.05%
% of Gross Profit 20.5% 19.93%
Depreciation & Amortization $42.50M $40.72M
YoY Change 4.38% -3.93%
% of Gross Profit 13.79% 14.21%
Operating Expenses $204.5M $224.0M
YoY Change -8.67% 9.32%
Operating Profit $25.38M -$5.988M
YoY Change -523.83% -112.85%
Interest Expense $900.0K -$4.300M
YoY Change -120.93% -85.42%
% of Operating Profit 3.55%
Other Income/Expense, Net $15.67M $10.25M
YoY Change 52.89% -162.85%
Pretax Income $25.97M -$9.513M
YoY Change -372.95% -155.25%
Income Tax $6.115M $5.481M
% Of Pretax Income 23.55%
Net Earnings $20.03M -$14.64M
YoY Change -236.83% -162.66%
Net Earnings / Revenue 3.16% -2.49%
Basic Earnings Per Share $0.67 -$0.47
Diluted Earnings Per Share $0.66 -$0.47
COMMON SHARES
Basic Shares Outstanding 29.75M shares 30.88M shares
Diluted Shares Outstanding 30.53M shares 30.88M shares

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.20M $48.10M
YoY Change -35.14% 12.38%
Cash & Equivalents $31.23M $48.07M
Short-Term Investments
Other Short-Term Assets $87.20M $73.90M
YoY Change 18.0% -2.64%
Inventory $82.28M $78.41M
Prepaid Expenses
Receivables $68.52M $63.13M
Other Receivables $0.00 $0.00
Total Short-Term Assets $269.2M $263.5M
YoY Change 2.18% 12.64%
LONG-TERM ASSETS
Property, Plant & Equipment $369.5M $486.3M
YoY Change -24.02% -5.0%
Goodwill $711.7M $547.1M
YoY Change 30.08% 4.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $46.75M $58.60M
YoY Change -20.22% 118.88%
Total Long-Term Assets $1.670B $1.438B
YoY Change 16.18% -1.68%
TOTAL ASSETS
Total Short-Term Assets $269.2M $263.5M
Total Long-Term Assets $1.670B $1.438B
Total Assets $1.939B $1.701B
YoY Change 14.01% 0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.9M $159.1M
YoY Change 14.95% 31.34%
Accrued Expenses $216.0M $196.0M
YoY Change 10.19% 5.1%
Deferred Revenue
YoY Change
Short-Term Debt $63.14M $39.81M
YoY Change 58.61% 99.62%
Long-Term Debt Due $73.40M $62.90M
YoY Change 16.69% 42.95%
Total Short-Term Liabilities $546.5M $478.2M
YoY Change 14.3% 5.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.165B $823.8M
YoY Change 41.37% 2.87%
Other Long-Term Liabilities $46.55M $71.91M
YoY Change -35.27% -33.79%
Total Long-Term Liabilities $1.211B $895.7M
YoY Change 35.22% -1.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $546.5M $478.2M
Total Long-Term Liabilities $1.211B $895.7M
Total Liabilities $1.950B $1.528B
YoY Change 27.62% -0.01%
SHAREHOLDERS EQUITY
Retained Earnings $540.4M $449.5M
YoY Change 20.22% 3.99%
Common Stock $615.0K $615.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $969.8M $685.8M
YoY Change 41.42% 9.38%
Treasury Stock Shares 15.60M shares 13.20M shares
Shareholders Equity $75.60M $82.10M
YoY Change
Total Liabilities & Shareholders Equity $1.939B $1.701B
YoY Change 14.01% 0.3%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $20.03M -$14.64M
YoY Change -236.83% -162.66%
Depreciation, Depletion And Amortization $42.50M $40.72M
YoY Change 4.38% -3.93%
Cash From Operating Activities $62.91M $22.22M
YoY Change 183.1% 35.66%
INVESTING ACTIVITIES
Capital Expenditures $14.19M $21.03M
YoY Change -32.5% 2.78%
Acquisitions $4.272M $18.00M
YoY Change -76.27% 16263.64%
Other Investing Activities -$903.0K -$395.0K
YoY Change 128.61% -118.18%
Cash From Investing Activities -$29.36M -$49.57M
YoY Change -40.76% -179.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $231.9M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$33.01M $31.64M
YoY Change -204.3% -141.93%
NET CHANGE
Cash From Operating Activities $62.91M $22.22M
Cash From Investing Activities -$29.36M -$49.57M
Cash From Financing Activities -$33.01M $31.64M
Net Change In Cash -$4.045M $4.295M
YoY Change -194.18% 33.47%
FREE CASH FLOW
Cash From Operating Activities $62.91M $22.22M
Capital Expenditures $14.19M $21.03M
Free Cash Flow $48.71M $1.194M
YoY Change 3979.73% -129.28%

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CY2018Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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6595000 USD
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7291000 USD
CY2019Q3 us-gaap Increase Decrease In Inventories
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6410000 USD
CY2018Q3 us-gaap Increase Decrease In Inventories
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18000000 USD
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318000 USD
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359000 USD
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2719000 USD
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4182000 USD
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31643000 USD
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3841000 USD
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2825000 USD
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2645000 USD
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2097000 USD
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CY2019Q3 us-gaap Goodwill
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Revenues
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Revenues
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CY2019Q3 us-gaap Revenues
Revenues
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25966000 USD
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CY2018Q3 us-gaap Depreciation And Amortization
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CY2019Q3 us-gaap Finance Lease Interest Expense
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177000 USD
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CY2019Q3 us-gaap Finance Lease Liability Noncurrent
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21006000 USD
CY2019Q3 cmpr Totalleaseobligation
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CY2019Q3 us-gaap Sublease Income
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CY2019Q3 us-gaap Lease Cost
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31732000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12866000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsdue Nexttwelvemonths
TotalLeaseObligationFutureMinimumpaymentsdueNexttwelvemonths
44598000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
37162000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7943000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsdueintwoyears
TotalLeaseObligationFutureMinimumpaymentsdueintwoyears
45105000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
31966000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5223000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsdueinthreeyears
TotalLeaseObligationFutureMinimumpaymentsdueinthreeyears
37189000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
26177000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3462000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsdueinfouryears
TotalLeaseObligationFutureMinimumpaymentsdueinfouryears
29639000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
22303000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1844000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsdueinfiveyears
TotalLeaseObligationFutureMinimumpaymentsdueinfiveyears
24147000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
55259000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2672000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsduethereafter
TotalLeaseObligationFutureMinimumpaymentsduethereafter
57931000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
204599000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
34010000 USD
CY2019Q3 cmpr Total Lease Obligation Future Minimumpaymentsdue
TotalLeaseObligationFutureMinimumpaymentsdue
238609000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21647000 USD
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2749000 USD
CY2019Q3 cmpr Total Lease Liability Undiscounted Excess Amount
TotalLeaseLiabilityUndiscountedExcessAmount
24396000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
182952000 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
31261000 USD
CY2019Q3 cmpr Totalleaseobligation
Totalleaseobligation
214213000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30269000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
11468000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdue Nexttwelvemonths
TotalLeaseObligationFutureMinimumpaymentsdueNexttwelvemonths
55219000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22849000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6414000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdueintwoyears
TotalLeaseObligationFutureMinimumpaymentsdueintwoyears
43099000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16592000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3724000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdueinthreeyears
TotalLeaseObligationFutureMinimumpaymentsdueinthreeyears
34193000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12553000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2544000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdueinfouryears
TotalLeaseObligationFutureMinimumpaymentsdueinfouryears
27523000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9032000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1565000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdueinfiveyears
TotalLeaseObligationFutureMinimumpaymentsdueinfiveyears
22760000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8338000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2403000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsduethereafter
TotalLeaseObligationFutureMinimumpaymentsduethereafter
51397000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99633000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
28118000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdue
TotalLeaseObligationFutureMinimumpaymentsdue
234191000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M17D
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M6D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0322
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0321
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
10981000 USD
CY2019Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
177000 USD
CY2019Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2719000 USD
CY2019Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
142015000 USD
CY2019Q3 cmpr Amountsdueforacquisitionofbusinesses
Amountsdueforacquisitionofbusinesses
2645000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
2190000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
3212000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
2190000 USD
CY2019Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
2262000 USD
CY2019Q3 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
664000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
2476000 USD

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