2019 Q1 Form 10-Q Financial Statement

#000162836919000013 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.903B $1.768B
YoY Change 7.65% 20.97%
Cost Of Revenue $1.565B $1.473B
YoY Change 6.21% 19.14%
Gross Profit $338.2M $294.4M
YoY Change 14.88% 31.02%
Gross Profit Margin 17.77% 16.65%
Selling, General & Admin $286.8M $295.6M
YoY Change -2.98%
% of Gross Profit 84.8% 100.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.50M $69.80M
YoY Change 5.3% 10.79%
% of Gross Profit 21.73% 23.71%
Operating Expenses $286.8M $295.6M
YoY Change -2.98% -13.11%
Operating Profit -$26.00M -$81.90M
YoY Change -68.25% -30.71%
Interest Expense $37.20M $44.40M
YoY Change -16.22% -196.73%
% of Operating Profit
Other Income/Expense, Net $600.0K $1.000M
YoY Change -40.0% 900.0%
Pretax Income -$61.80M -$124.9M
YoY Change -50.52% -22.61%
Income Tax -$40.90M -$32.00M
% Of Pretax Income
Net Earnings -$20.90M -$92.90M
YoY Change -77.5% -21.2%
Net Earnings / Revenue -1.1% -5.26%
Basic Earnings Per Share -$0.10 -$0.64
Diluted Earnings Per Share -$0.10 -$0.64
COMMON SHARES
Basic Shares Outstanding 216.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $411.0M $438.7M
YoY Change -6.31%
Cash & Equivalents $411.0M $438.7M
Short-Term Investments
Other Short-Term Assets $176.7M $209.6M
YoY Change -15.7%
Inventory
Prepaid Expenses
Receivables $1.506B $1.414B
Other Receivables $38.00M $16.30M
Total Short-Term Assets $2.132B $2.078B
YoY Change 2.58%
LONG-TERM ASSETS
Property, Plant & Equipment $306.9M $303.6M
YoY Change 1.09%
Goodwill $1.947B
YoY Change
Intangibles $1.193B
YoY Change
Long-Term Investments $9.300M $9.900M
YoY Change -6.06%
Other Assets $502.9M $479.2M
YoY Change 4.95%
Total Long-Term Assets $4.575B $3.857B
YoY Change 18.64%
TOTAL ASSETS
Total Short-Term Assets $2.132B $2.078B
Total Long-Term Assets $4.575B $3.857B
Total Assets $6.708B $5.935B
YoY Change 13.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $931.6M $709.9M
YoY Change 31.23%
Accrued Expenses $693.9M $800.1M
YoY Change -13.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.10M $40.80M
YoY Change -13.97%
Total Short-Term Liabilities $1.862B $1.911B
YoY Change -2.55%
LONG-TERM LIABILITIES
Long-Term Debt $2.639B $3.026B
YoY Change -12.78%
Other Long-Term Liabilities $305.8M $393.7M
YoY Change -22.33%
Total Long-Term Liabilities $2.945B $3.420B
YoY Change -13.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.862B $1.911B
Total Long-Term Liabilities $2.945B $3.420B
Total Liabilities $5.377B $5.449B
YoY Change -1.33%
SHAREHOLDERS EQUITY
Retained Earnings -$1.318B
YoY Change
Common Stock $21.70M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.330B $480.5M
YoY Change
Total Liabilities & Shareholders Equity $6.708B $5.935B
YoY Change 13.02%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$20.90M -$92.90M
YoY Change -77.5% -21.2%
Depreciation, Depletion And Amortization $73.50M $69.80M
YoY Change 5.3% 10.79%
Cash From Operating Activities -$214.9M -$170.6M
YoY Change 25.97% -2.29%
INVESTING ACTIVITIES
Capital Expenditures $13.70M $20.60M
YoY Change -33.5% -172.28%
Acquisitions $262.2M $0.00
YoY Change
Other Investing Activities $0.00 -$200.0K
YoY Change -100.0% -100.24%
Cash From Investing Activities -$275.9M -$20.20M
YoY Change 1265.84% -137.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $6.400M
YoY Change -100.0%
Debt Paid & Issued, Net $6.800M $26.60M
YoY Change -74.44%
Cash From Financing Activities -$12.00M $221.0M
YoY Change -105.43% -1593.24%
NET CHANGE
Cash From Operating Activities -$214.9M -$170.6M
Cash From Investing Activities -$275.9M -$20.20M
Cash From Financing Activities -$12.00M $221.0M
Net Change In Cash -$502.8M $30.20M
YoY Change -1764.9% -122.17%
FREE CASH FLOW
Cash From Operating Activities -$214.9M -$170.6M
Capital Expenditures $13.70M $20.60M
Free Cash Flow -$228.6M -$191.2M
YoY Change 19.56% 30.87%

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