2018 Q3 Form 10-Q Financial Statement

#000102430518000068 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $2.031B $2.238B
YoY Change -9.25% 107.21%
Cost Of Revenue $809.1M $874.2M
YoY Change -7.45% 96.54%
Gross Profit $1.222B $1.364B
YoY Change -10.4% 114.68%
Gross Profit Margin 60.17% 60.94%
Selling, General & Admin $1.122B $1.191B
YoY Change -5.78% 148.72%
% of Gross Profit 91.83% 87.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $185.6M $168.7M
YoY Change 10.02% 181.64%
% of Gross Profit 15.19% 12.37%
Operating Expenses $1.122B $1.191B
YoY Change -5.78% 148.72%
Operating Profit -$20.70M $29.50M
YoY Change -170.17% -36.42%
Interest Expense $72.40M $67.40M
YoY Change 7.42% 69.77%
% of Operating Profit 228.47%
Other Income/Expense, Net -$2.700M -$4.500M
YoY Change -40.0% 246.15%
Pretax Income -$87.50M -$41.40M
YoY Change 111.35% -980.85%
Income Tax -$77.40M -$25.30M
% Of Pretax Income
Net Earnings -$12.10M -$19.70M
YoY Change -38.58%
Net Earnings / Revenue -0.6% -0.88%
Basic Earnings Per Share -$0.02 -$0.03
Diluted Earnings Per Share -$0.02 -$0.03
COMMON SHARES
Basic Shares Outstanding 750.8M shares 748.6M shares
Diluted Shares Outstanding 750.8M shares 748.6M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.0M $919.0M
YoY Change -53.97% 143.12%
Cash & Equivalents $423.3M $919.2M
Short-Term Investments
Other Short-Term Assets $581.0M $548.0M
YoY Change 6.02% 58.84%
Inventory $1.251B $1.172B
Prepaid Expenses
Receivables $1.484B $1.610B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.740B $4.250B
YoY Change -11.99% 101.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.675B $1.634B
YoY Change 2.5% 145.43%
Goodwill $8.570B $8.738B
YoY Change -1.92% 298.58%
Intangibles $8.219B $8.494B
YoY Change -3.24% 316.78%
Long-Term Investments
YoY Change
Other Assets $306.4M $299.7M
YoY Change 2.24% 71.16%
Total Long-Term Assets $18.85B $19.32B
YoY Change -2.44% 279.96%
TOTAL ASSETS
Total Short-Term Assets $3.740B $4.250B
Total Long-Term Assets $18.85B $19.32B
Total Assets $22.59B $23.57B
YoY Change -4.16% 227.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.795B $1.768B
YoY Change 1.5% 83.32%
Accrued Expenses $1.865B $1.828B
YoY Change 2.03% 142.76%
Deferred Revenue
YoY Change
Short-Term Debt $7.900M $3.300M
YoY Change 139.39% -83.58%
Long-Term Debt Due $193.0M $220.0M
YoY Change -12.27% 40.13%
Total Short-Term Liabilities $3.791B $3.949B
YoY Change -3.99% 109.7%
LONG-TERM LIABILITIES
Long-Term Debt $7.790B $7.542B
YoY Change 3.29% 79.13%
Other Long-Term Liabilities $402.6M $565.0M
YoY Change -28.74% 138.5%
Total Long-Term Liabilities $8.192B $8.107B
YoY Change 1.05% 82.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.791B $3.949B
Total Long-Term Liabilities $8.192B $8.107B
Total Liabilities $13.36B $13.56B
YoY Change -1.47% 97.71%
SHAREHOLDERS EQUITY
Retained Earnings -$644.4M -$470.6M
YoY Change 36.93% 1171.89%
Common Stock $8.100M $8.100M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.442B $1.442B
YoY Change 0.0% 0.0%
Treasury Stock Shares 65.00M shares 65.00M shares
Shareholders Equity $8.608B $9.452B
YoY Change
Total Liabilities & Shareholders Equity $22.59B $23.57B
YoY Change -4.16% 227.7%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$12.10M -$19.70M
YoY Change -38.58%
Depreciation, Depletion And Amortization $185.6M $168.7M
YoY Change 10.02% 181.64%
Cash From Operating Activities -$81.90M -$8.900M
YoY Change 820.22% -40.67%
INVESTING ACTIVITIES
Capital Expenditures -$133.6M -$111.4M
YoY Change 19.93% 28.34%
Acquisitions $40.80M $7.500M
YoY Change 444.0%
Other Investing Activities -$40.80M -$4.600M
YoY Change 786.96%
Cash From Investing Activities -$174.4M -$116.0M
YoY Change 50.34% 33.64%
FINANCING ACTIVITIES
Cash Dividend Paid $93.80M $94.30M
YoY Change -0.53% 2.06%
Common Stock Issuance & Retirement, Net -$700.0K -$11.20M
YoY Change -93.75% -137.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $351.8M $492.4M
YoY Change -28.55% 274.73%
NET CHANGE
Cash From Operating Activities -$81.90M -$8.900M
Cash From Investing Activities -$174.4M -$116.0M
Cash From Financing Activities $351.8M $492.4M
Net Change In Cash $91.00M $373.9M
YoY Change -75.66% 1121.9%
FREE CASH FLOW
Cash From Operating Activities -$81.90M -$8.900M
Capital Expenditures -$133.6M -$111.4M
Free Cash Flow $51.70M $102.5M
YoY Change -49.56% 42.76%

Facts In Submission

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UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
125800000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
748600000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
750800000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
748600000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
750800000 shares
CY2018Q3 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates on a fiscal year basis with a year-end of June 30. Unless otherwise noted, any reference to a year preceded by the word &#8220;fiscal&#8221; refers to the fiscal year ended June 30 of that year. For example, references to &#8220;fiscal </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">&#8221; refer to the fiscal year ending </font><font style="font-family:inherit;font-size:10pt;">June 30, 2019</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2018Q3 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, the market value of inventory, the fair value of acquired assets and liabilities associated with acquisitions, pension benefit costs, the assessment of goodwill, other intangible assets and long-lived assets for impairment, income taxes and the fair value of redeemable noncontrolling interests. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates and assumptions. Significant changes, if any, in those estimates and assumptions resulting from continuing changes in the economic environment will be reflected in the Condensed Consolidated Financial Statements in future periods.</font></div></div>

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0001024305-18-000068-index-headers.html Edgar Link pending
0001024305-18-000068-index.html Edgar Link pending
0001024305-18-000068.txt Edgar Link pending
0001024305-18-000068-xbrl.zip Edgar Link pending
coty-20180930.xml Edgar Link completed
coty-20180930.xsd Edgar Link pending
coty-20180930_cal.xml Edgar Link unprocessable
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