2019 Q4 Form 10-Q Financial Statement

#000162836919000025 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $2.608B $2.119B $2.076B
YoY Change 8.56% 2.06% 21.45%
Cost Of Revenue $2.038B $1.692B $1.687B
YoY Change 6.28% 0.28%
Gross Profit $569.9M $426.6M $388.6M
YoY Change 17.58% 9.78%
Gross Profit Margin 21.86% 20.13% 18.72%
Selling, General & Admin $315.2M $297.6M
YoY Change 5.91% 7.83%
% of Gross Profit 73.89% 76.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.90M $75.00M $71.60M
YoY Change -4.03% 4.75% 11.7%
% of Gross Profit 12.97% 17.58% 18.43%
Operating Expenses $438.4M $315.2M $297.6M
YoY Change 0.16% 5.91% 7.83%
Operating Profit $131.5M $37.00M $20.60M
YoY Change 204.4% 79.61% -137.8%
Interest Expense -$37.20M $37.40M $92.70M
YoY Change 5.68% -59.65% 88.41%
% of Operating Profit -28.29% 101.08% 450.0%
Other Income/Expense, Net $300.0K $400.0K -$300.0K
YoY Change -62.5% -233.33% -133.33%
Pretax Income $86.20M $700.0K -$72.00M
YoY Change 643.1% -100.97% -29.69%
Income Tax $83.10M -$11.00M -$30.60M
% Of Pretax Income 96.4% -1571.43%
Net Earnings $3.100M $11.70M -$41.40M
YoY Change -117.22% -128.26% -47.33%
Net Earnings / Revenue 0.12% 0.55% -1.99%
Basic Earnings Per Share $0.01 $0.05 -$0.22
Diluted Earnings Per Share $0.01 $0.05 -$0.22
COMMON SHARES
Basic Shares Outstanding 219.2M shares 218.0M shares 184.0M shares
Diluted Shares Outstanding 224.5M shares 184.0M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $813.2M $400.1M $939.0M
YoY Change -9.17% -57.39%
Cash & Equivalents $813.2M $400.1M $939.0M
Short-Term Investments
Other Short-Term Assets $413.7M $186.7M $189.0M
YoY Change 126.31% -1.22%
Inventory
Prepaid Expenses $70.70M
Receivables $1.838B $1.659B $1.485B
Other Receivables $39.00M $43.70M $11.00M
Total Short-Term Assets $2.861B $2.290B $2.624B
YoY Change 4.28% -12.73%
LONG-TERM ASSETS
Property, Plant & Equipment $299.4M $288.2M $295.6M
YoY Change -4.59% -2.5%
Goodwill $1.969B $1.931B $1.771B
YoY Change 10.72% 9.02%
Intangibles $1.063B $1.094B $1.167B
YoY Change -5.81% -6.25%
Long-Term Investments $7.900M $8.000M $8.100M
YoY Change -9.2% -1.23%
Other Assets $386.3M $460.4M $500.0M
YoY Change -21.08% -7.92%
Total Long-Term Assets $4.303B $4.365B $3.809B
YoY Change 13.15% 14.6%
TOTAL ASSETS
Total Short-Term Assets $2.861B $2.290B $2.624B
Total Long-Term Assets $4.303B $4.365B $3.809B
Total Assets $7.163B $6.654B $6.432B
YoY Change 9.43% 3.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.091B $907.3M $689.6M
YoY Change 11.21% 31.57%
Accrued Expenses $1.007B $782.8M $874.9M
YoY Change 23.17% -10.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $37.80M $36.90M $36.10M
YoY Change 2.16% 2.22%
Total Short-Term Liabilities $2.323B $1.944B $1.901B
YoY Change 13.93% 2.28%
LONG-TERM LIABILITIES
Long-Term Debt $2.620B $2.625B $2.647B
YoY Change -0.9% -0.8%
Other Long-Term Liabilities $352.1M $368.3M $368.0M
YoY Change -3.96% 0.08%
Total Long-Term Liabilities $2.972B $2.994B $3.015B
YoY Change -1.28% -0.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.323B $1.944B $1.901B
Total Long-Term Liabilities $2.972B $2.994B $3.015B
Total Liabilities $5.862B $5.420B $5.023B
YoY Change 13.04% 7.9%
SHAREHOLDERS EQUITY
Retained Earnings -$1.297B -$1.300B -$1.302B
YoY Change -0.11% -0.16%
Common Stock $22.00M $21.90M $20.90M
YoY Change 1.38% 4.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $400.0K $400.0K
YoY Change
Treasury Stock Shares
Shareholders Equity $1.301B $1.234B $1.403B
YoY Change
Total Liabilities & Shareholders Equity $7.163B $6.654B $6.432B
YoY Change 9.43% 3.45%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $3.100M $11.70M -$41.40M
YoY Change -117.22% -128.26% -47.33%
Depreciation, Depletion And Amortization $73.90M $75.00M $71.60M
YoY Change -4.03% 4.75% 11.7%
Cash From Operating Activities $369.9M $57.70M $139.3M
YoY Change 875.99% -58.58% -4197.06%
INVESTING ACTIVITIES
Capital Expenditures -$32.90M -$17.10M -$30.20M
YoY Change 44.93% -43.38% 12.27%
Acquisitions
YoY Change
Other Investing Activities $77.40M -$2.100M -$108.2M
YoY Change -487.0% -98.06% 29.12%
Cash From Investing Activities $44.50M -$19.20M -$138.4M
YoY Change -204.22% -86.13% 25.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.70M -39.00M 563.1M
YoY Change 2.19% -106.93% -9644.07%
NET CHANGE
Cash From Operating Activities 369.9M 57.70M 139.3M
Cash From Investing Activities 44.50M -19.20M -138.4M
Cash From Financing Activities -18.70M -39.00M 563.1M
Net Change In Cash 395.7M -500.0K 564.0M
YoY Change -1812.99% -100.09% -570.0%
FREE CASH FLOW
Cash From Operating Activities $369.9M $57.70M $139.3M
Capital Expenditures -$32.90M -$17.10M -$30.20M
Free Cash Flow $402.8M $74.80M $169.5M
YoY Change 564.69% -55.87% 621.28%

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1692200000 USD
us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
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4944100000 USD
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us-gaap Costs And Expenses
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us-gaap Costs And Expenses
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CY2019Q3 us-gaap Debt Instrument Carrying Amount
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13900000 USD
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71600000 USD
us-gaap Depreciation Depletion And Amortization
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213000000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
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75000000 USD
us-gaap Depreciation Depletion And Amortization
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222800000 USD
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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8000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
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8000000 USD
CY2019Q3 us-gaap Finance Lease Liability
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18200000 USD
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19900000 USD
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3300000 USD
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800000 USD
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9900000 USD
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8300000 USD
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19000000 USD
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0 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
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0 USD
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400000 USD
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2400000 USD
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6500000 USD
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9700000 USD
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CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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us-gaap Gains Losses On Extinguishment Of Debt
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CY2019Q3 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Impairment Loss
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0 USD
CY2019Q3 us-gaap Goodwill Impairment Loss
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0 USD
us-gaap Goodwill Impairment Loss
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39600000 USD
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0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
CY2019Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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700000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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400000 USD
us-gaap Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Taxes Paid
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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60700000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2019Q3 us-gaap Liabilities
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7600000 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Payment For Contingent Consideration Liability Financing Activities
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Investments
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us-gaap Payments To Acquire Investments
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us-gaap Payments To Acquire Property Plant And Equipment
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61500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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47400000 USD
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us-gaap Payments To Acquire Retained Interest In Securitized Receivables
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85000000 USD
us-gaap Payments To Acquire Retained Interest In Securitized Receivables
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CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
827900000 USD
us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
854900000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
831400000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000 USD
CY2018Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2700000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2936500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
179500000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6900000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
100000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
500000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
12400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18200000 USD
CY2018Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
3000000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
12400000 USD
CY2019Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1100000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
5100000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3126100000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20300000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
62300000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
58200000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
70100000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
69400000 USD
CY2018Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-1200000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2800000 USD
CY2019Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-600000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3500000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1298400000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1300100000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2076000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5818000000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2118800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6143500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
46500000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
297600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
905800000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
315200000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
908900000 USD
CY2018Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
11500000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-9800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
43100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
46200000 USD
CY2018Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
-4600000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
-8200000 USD
CY2019Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
-19400000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
-25200000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8700000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
499400000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
436800000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1403200000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1360100000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1288000000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1234200000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
3000000 USD
us-gaap Sublease Income
SubleaseIncome
9200000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
400000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
400000 USD
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
400000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
9000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
22600000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
158500000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
224500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217200000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158500000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
218000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217200000 shares

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0001628369-19-000025-xbrl.zip Edgar Link pending
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