2020 Q1 Form 10-Q Financial Statement

#000167770320000018 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.051B $1.158B
YoY Change -9.24% -18.45%
Cost Of Revenue $832.0M $906.0M
YoY Change -8.17% -18.74%
Gross Profit $219.0M $252.0M
YoY Change -13.1% 0.0%
Gross Profit Margin 20.84% 21.76%
Selling, General & Admin $116.0M $127.0M
YoY Change -8.66% -11.19%
% of Gross Profit 52.97% 50.4%
Research & Development $1.000M $3.000M
YoY Change -66.67% 50.0%
% of Gross Profit 0.46% 1.19%
Depreciation & Amortization $117.0M $115.0M
YoY Change 1.74% -0.86%
% of Gross Profit 53.42% 45.63%
Operating Expenses $117.0M $130.0M
YoY Change -10.0% -10.34%
Operating Profit $102.0M $122.0M
YoY Change -16.39% 14.02%
Interest Expense $17.00M $20.00M
YoY Change -15.0% -39.39%
% of Operating Profit 16.67% 16.39%
Other Income/Expense, Net
YoY Change
Pretax Income -$51.00M -$338.0M
YoY Change -84.91% 525.93%
Income Tax -$2.000M -$30.00M
% Of Pretax Income
Net Earnings -$49.00M -$308.0M
YoY Change -84.09% 516.0%
Net Earnings / Revenue -4.66% -26.6%
Basic Earnings Per Share -$0.24 -$1.49
Diluted Earnings Per Share -$0.24 -$1.49
COMMON SHARES
Basic Shares Outstanding 211.1M shares 207.9M shares
Diluted Shares Outstanding 211.1M shares 207.9M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $395.0M $520.0M
YoY Change -24.04% -5.97%
Cash & Equivalents $395.0M $520.0M
Short-Term Investments
Other Short-Term Assets $318.0M $294.0M
YoY Change 8.16% 34.25%
Inventory
Prepaid Expenses
Receivables $690.0M $820.0M
Other Receivables $52.00M $0.00
Total Short-Term Assets $1.572B $1.831B
YoY Change -14.15% -30.11%
LONG-TERM ASSETS
Property, Plant & Equipment $321.0M $336.0M
YoY Change -4.46% 29.23%
Goodwill $1.486B $3.171B
YoY Change -53.14% -8.27%
Intangibles $366.0M $627.0M
YoY Change -41.63% -24.55%
Long-Term Investments
YoY Change
Other Assets $384.0M $360.0M
YoY Change 6.67% 4.96%
Total Long-Term Assets $2.822B $4.832B
YoY Change -41.6% -1.21%
TOTAL ASSETS
Total Short-Term Assets $1.572B $1.831B
Total Long-Term Assets $2.822B $4.832B
Total Assets $4.394B $6.663B
YoY Change -34.05% -11.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.0M $313.0M
YoY Change -46.33% 105.92%
Accrued Expenses $523.0M $568.0M
YoY Change -7.92% 96.54%
Deferred Revenue $109.0M $103.0M
YoY Change 5.83% -19.53%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $60.00M $53.00M
YoY Change 13.21% -34.57%
Total Short-Term Liabilities $1.023B $1.434B
YoY Change -28.66% 4.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.596B $1.496B
YoY Change 6.68% -24.14%
Other Long-Term Liabilities $81.00M $99.00M
YoY Change -18.18% -24.43%
Total Long-Term Liabilities $81.00M $99.00M
YoY Change -18.18% -24.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.023B $1.434B
Total Long-Term Liabilities $81.00M $99.00M
Total Liabilities $3.032B $3.594B
YoY Change -15.64% -6.87%
SHAREHOLDERS EQUITY
Retained Earnings -$2.236B -$551.0M
YoY Change 305.81% -505.15%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.220B $2.927B
YoY Change
Total Liabilities & Shareholders Equity $4.394B $6.663B
YoY Change -34.05% -11.29%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$49.00M -$308.0M
YoY Change -84.09% 516.0%
Depreciation, Depletion And Amortization $117.0M $115.0M
YoY Change 1.74% -0.86%
Cash From Operating Activities -$192.0M -$49.00M
YoY Change 291.84% 28.95%
INVESTING ACTIVITIES
Capital Expenditures $11.00M $53.00M
YoY Change -79.25% 60.61%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$98.00M
YoY Change -101.02%
Cash From Investing Activities -$23.00M -$168.0M
YoY Change -86.31% 330.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $15.00M $14.00M
YoY Change 7.14% -33.33%
Cash From Financing Activities $130.0M -$22.00M
YoY Change -690.91% -18.52%
NET CHANGE
Cash From Operating Activities -$192.0M -$49.00M
Cash From Investing Activities -$23.00M -$168.0M
Cash From Financing Activities $130.0M -$22.00M
Net Change In Cash -$92.00M -$237.0M
YoY Change -61.18% 127.88%
FREE CASH FLOW
Cash From Operating Activities -$192.0M -$49.00M
Capital Expenditures $11.00M $53.00M
Free Cash Flow -$203.0M -$102.0M
YoY Change 99.02% 43.66%

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CY2019Q4 us-gaap Long Term Debt Current
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CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2020Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2019Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q1 us-gaap Revenue From Related Parties
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CY2019Q1 us-gaap Revenue From Related Parties
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CY2019Q4 us-gaap Goodwill
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CY2020Q1 us-gaap Goodwill
Goodwill
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