2019 Q1 Form 10-Q Financial Statement

#000079005119000083 Filed on April 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.072B $984.7M
YoY Change 8.86% 27.22%
Cost Of Revenue $783.3M $735.3M
YoY Change 6.53% 34.2%
Gross Profit $288.6M $249.4M
YoY Change 15.72% 10.31%
Gross Profit Margin 26.92% 25.33%
Selling, General & Admin $164.2M $148.6M
YoY Change 10.5% 18.98%
% of Gross Profit 56.9% 59.58%
Research & Development $14.40M $13.90M
YoY Change 3.6% 15.83%
% of Gross Profit 4.99% 5.57%
Depreciation & Amortization $21.30M $22.70M
YoY Change -6.17% 15.82%
% of Gross Profit 7.38% 9.1%
Operating Expenses $178.6M $162.5M
YoY Change 9.91% 18.7%
Operating Profit $114.7M $94.70M
YoY Change 21.12% 5.81%
Interest Expense $16.30M -$14.50M
YoY Change -212.41% 119.7%
% of Operating Profit 14.21% -15.31%
Other Income/Expense, Net $400.0K -$1.900M
YoY Change -121.05% -235.71%
Pretax Income $101.4M $78.30M
YoY Change 29.5% -7.12%
Income Tax $24.00M $20.40M
% Of Pretax Income 23.67% 26.05%
Net Earnings $79.40M $309.6M
YoY Change -74.35% 400.97%
Net Earnings / Revenue 7.41% 31.44%
Basic Earnings Per Share $1.37 $4.98
Diluted Earnings Per Share $1.36 $4.94
COMMON SHARES
Basic Shares Outstanding 57.50M shares 61.68M shares
Diluted Shares Outstanding 57.90M shares 62.16M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $516.6M $979.1M
YoY Change -47.24% 630.67%
Cash & Equivalents $516.6M $979.1M
Short-Term Investments
Other Short-Term Assets $53.70M $48.90M
YoY Change 9.82% 11.14%
Inventory $514.7M $490.1M
Prepaid Expenses $19.30M $21.80M
Receivables $773.0M $678.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.877B $2.218B
YoY Change -15.36% 86.21%
LONG-TERM ASSETS
Property, Plant & Equipment $772.4M $746.0M
YoY Change 3.54% 12.88%
Goodwill $1.505B $1.457B
YoY Change 3.29% 23.78%
Intangibles $1.050B $1.045B
YoY Change 0.45% 2.54%
Long-Term Investments
YoY Change
Other Assets $97.70M $38.10M
YoY Change 156.43% 67.11%
Total Long-Term Assets $3.424B $3.286B
YoY Change 4.22% 14.11%
TOTAL ASSETS
Total Short-Term Assets $1.877B $2.218B
Total Long-Term Assets $3.424B $3.286B
Total Assets $5.302B $5.504B
YoY Change -3.67% 35.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $356.2M $372.6M
YoY Change -4.4% 27.91%
Accrued Expenses $250.8M $304.4M
YoY Change -17.61% 61.57%
Deferred Revenue $26.20M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $633.2M $706.2M
YoY Change -10.34% 38.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.589B $1.586B
YoY Change 0.13% 165.95%
Other Long-Term Liabilities $351.3M $300.4M
YoY Change 16.94% 9.96%
Total Long-Term Liabilities $2.144B $2.077B
YoY Change 3.23% 98.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $633.2M $706.2M
Total Long-Term Liabilities $2.144B $2.077B
Total Liabilities $2.777B $2.783B
YoY Change -0.22% 79.26%
SHAREHOLDERS EQUITY
Retained Earnings $3.408B $3.120B
YoY Change 9.2% 20.64%
Common Stock $468.8M $436.3M
YoY Change 7.45% 4.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.244B $778.0M
YoY Change 59.83% 101.09%
Treasury Stock Shares 21.68M shares 17.71M shares
Shareholders Equity $2.525B $2.721B
YoY Change
Total Liabilities & Shareholders Equity $5.302B $5.504B
YoY Change -3.67% 35.21%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $79.40M $309.6M
YoY Change -74.35% 400.97%
Depreciation, Depletion And Amortization $21.30M $22.70M
YoY Change -6.17% 15.82%
Cash From Operating Activities $109.8M $33.20M
YoY Change 230.72% 4.08%
INVESTING ACTIVITIES
Capital Expenditures $23.30M $42.50M
YoY Change -45.18% 39.8%
Acquisitions $202.0M $700.0K
YoY Change 28757.14% -99.69%
Other Investing Activities -$900.0K -$3.600M
YoY Change -75.0%
Cash From Investing Activities -$224.4M $715.0M
YoY Change -131.38% -379.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $157.1M $122.0M
YoY Change 28.77%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$173.1M -$148.0M
YoY Change 16.96% 426.69%
NET CHANGE
Cash From Operating Activities $109.8M $33.20M
Cash From Investing Activities -$224.4M $715.0M
Cash From Financing Activities -$173.1M -$148.0M
Net Change In Cash -$287.0M $600.2M
YoY Change -147.82% -337.8%
FREE CASH FLOW
Cash From Operating Activities $109.8M $33.20M
Capital Expenditures $23.30M $42.50M
Free Cash Flow $86.50M -$9.300M
YoY Change -1030.11% -720.0%

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5300000 USD
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200000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
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32600000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual
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31300000 USD

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