2019 Q1 Form 10-Q Financial Statement

#000002632419000005 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $578.3M $547.5M
YoY Change 5.62% 4.57%
Cost Of Revenue $381.4M $366.3M
YoY Change 4.12% 2.71%
Gross Profit $196.9M $181.2M
YoY Change 8.65% 8.54%
Gross Profit Margin 34.04% 33.09%
Selling, General & Admin $107.6M $100.8M
YoY Change 6.78% -2.8%
% of Gross Profit 54.65% 55.61%
Research & Development $17.24M $15.94M
YoY Change 8.16% 2.24%
% of Gross Profit 8.76% 8.8%
Depreciation & Amortization $25.80M $24.60M
YoY Change 4.88% -1.2%
% of Gross Profit 13.1% 13.58%
Operating Expenses $124.8M $116.7M
YoY Change 6.97% -2.14%
Operating Profit $72.05M $64.50M
YoY Change 11.7% 35.24%
Interest Expense $7.272M $8.204M
YoY Change -11.36% -20.94%
% of Operating Profit 10.09% 12.72%
Other Income/Expense, Net $5.478M $4.683M
YoY Change 16.98% 21.73%
Pretax Income $70.25M $60.98M
YoY Change 15.21% 48.14%
Income Tax $14.66M $17.33M
% Of Pretax Income 20.87% 28.43%
Net Earnings $55.59M $43.64M
YoY Change 27.38% 34.09%
Net Earnings / Revenue 9.61% 7.97%
Basic Earnings Per Share $1.30 $0.99
Diluted Earnings Per Share $1.29 $0.98
COMMON SHARES
Basic Shares Outstanding 42.80M shares 44.19M shares
Diluted Shares Outstanding 43.06M shares 44.68M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $154.4M $396.5M
YoY Change -61.06% 45.29%
Cash & Equivalents $154.4M $396.5M
Short-Term Investments
Other Short-Term Assets $45.73M $50.69M
YoY Change -9.79% 11.37%
Inventory $447.0M $386.8M
Prepaid Expenses
Receivables $591.6M $518.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.239B $1.353B
YoY Change -8.43% 13.67%
LONG-TERM ASSETS
Property, Plant & Equipment $375.3M $385.3M
YoY Change -2.59% -1.02%
Goodwill $1.111B $1.099B
YoY Change 1.08% 2.64%
Intangibles $444.7M $322.9M
YoY Change 37.75% -8.51%
Long-Term Investments
YoY Change
Other Assets $20.16M $18.69M
YoY Change 7.87% 28.95%
Total Long-Term Assets $2.090B $1.826B
YoY Change 14.44% -0.08%
TOTAL ASSETS
Total Short-Term Assets $1.239B $1.353B
Total Long-Term Assets $2.090B $1.826B
Total Assets $3.329B $3.179B
YoY Change 4.71% 5.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.4M $165.4M
YoY Change 6.67% 13.12%
Accrued Expenses $114.1M $102.6M
YoY Change 11.17% 7.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $1.000M
YoY Change -10.0% -99.34%
Total Short-Term Liabilities $603.3M $541.3M
YoY Change 11.45% -13.37%
LONG-TERM LIABILITIES
Long-Term Debt $761.9M $813.6M
YoY Change -6.35% -0.2%
Other Long-Term Liabilities $89.51M $104.1M
YoY Change -14.0% 26.65%
Total Long-Term Liabilities $851.4M $917.6M
YoY Change -7.22% 2.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $603.3M $541.3M
Total Long-Term Liabilities $851.4M $917.6M
Total Liabilities $1.743B $1.600B
YoY Change 8.95% -5.52%
SHAREHOLDERS EQUITY
Retained Earnings $2.267B $1.979B
YoY Change 14.54% 11.15%
Common Stock $163.9M $165.4M
YoY Change -0.92% -2.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $540.4M $366.7M
YoY Change 47.38% 5.69%
Treasury Stock Shares 6.386M shares 4.952M shares
Shareholders Equity $1.586B $1.579B
YoY Change
Total Liabilities & Shareholders Equity $3.329B $3.179B
YoY Change 4.71% 5.34%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $55.59M $43.64M
YoY Change 27.38% 34.09%
Depreciation, Depletion And Amortization $25.80M $24.60M
YoY Change 4.88% -1.2%
Cash From Operating Activities -$51.86M -$71.26M
YoY Change -27.23% 185.72%
INVESTING ACTIVITIES
Capital Expenditures $17.03M $8.971M
YoY Change 89.88% -13.52%
Acquisitions $49.04M $0.00
YoY Change -100.0%
Other Investing Activities -$47.80M $800.0K
YoY Change -6075.0% -100.33%
Cash From Investing Activities -$64.94M -$9.652M
YoY Change 572.81% -96.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.47M $12.33M
YoY Change 1.16% -4.32%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.073M -$5.526M
YoY Change 46.09% -30.95%
NET CHANGE
Cash From Operating Activities -$51.86M -$71.26M
Cash From Investing Activities -$64.94M -$9.652M
Cash From Financing Activities -$8.073M -$5.526M
Net Change In Cash -$121.6M -$86.44M
YoY Change 40.72% -69.41%
FREE CASH FLOW
Cash From Operating Activities -$51.86M -$71.26M
Capital Expenditures $17.03M $8.971M
Free Cash Flow -$68.89M -$80.23M
YoY Change -14.14% 127.19%

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44188000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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42799000 shares

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