2017 Q4 Form 10-Q Financial Statement

#000162828017010994 Filed on November 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $714.2M $695.9M $681.6M
YoY Change 4.78% 0.24% 0.15%
Cost Of Revenue $455.6M $441.5M $433.9M
YoY Change 5.0% -1.71% -1.77%
Gross Profit $258.6M $254.4M $247.7M
YoY Change 4.4% 3.84% 3.68%
Gross Profit Margin 36.21% 36.56% 36.34%
Selling, General & Admin $153.5M $151.8M $160.1M
YoY Change -4.12% 7.51% 18.77%
% of Gross Profit 59.36% 59.67% 64.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.70M $18.50M $16.60M
YoY Change 12.65% 10.78% -2.92%
% of Gross Profit 7.23% 7.27% 6.7%
Operating Expenses $153.5M $151.8M $160.1M
YoY Change -4.12% 7.51% 18.77%
Operating Profit $87.20M $102.1M -$91.60M
YoY Change -195.2% -1.64% -188.5%
Interest Expense -$8.100M $9.300M -$8.500M
YoY Change -4.71% 1.09% -1.16%
% of Operating Profit -9.29% 9.11%
Other Income/Expense, Net $3.500M -$5.100M $12.60M
YoY Change -72.22% -42.05% -2620.0%
Pretax Income $82.80M $97.00M -$101.1M
YoY Change -181.9% 2.11% -207.1%
Income Tax $24.40M $28.50M -$37.60M
% Of Pretax Income 29.47% 29.38%
Net Earnings -$28.70M $68.20M -$63.90M
YoY Change -55.09% 7.4% -198.16%
Net Earnings / Revenue -4.02% 9.8% -9.38%
Basic Earnings Per Share -$0.48 $1.15 -$1.11
Diluted Earnings Per Share -$0.48 $1.13 -$1.08
COMMON SHARES
Basic Shares Outstanding 59.35M shares 59.50M shares 58.66M shares
Diluted Shares Outstanding 60.40M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $706.2M $572.2M $509.7M
YoY Change 38.55% 31.15% 40.22%
Cash & Equivalents $706.2M $572.2M $509.7M
Short-Term Investments
Other Short-Term Assets $19.60M $19.10M $19.50M
YoY Change 0.51% -1.04% 11.43%
Inventory $349.3M $376.2M $342.5M
Prepaid Expenses
Receivables $418.4M $437.3M $396.4M
Other Receivables $25.00M $18.00M $18.00M
Total Short-Term Assets $1.519B $1.423B $1.316B
YoY Change 15.41% 8.62% 9.32%
LONG-TERM ASSETS
Property, Plant & Equipment $282.4M $292.0M $278.9M
YoY Change 1.25% 3.18% 1.05%
Goodwill $1.207B $1.206B $1.207B
YoY Change 0.0% 2.58% 3.34%
Intangibles $276.8M $284.7M $282.2M
YoY Change -1.91% -5.76% -11.01%
Long-Term Investments
YoY Change
Other Assets $114.6M $104.2M $95.00M
YoY Change 20.63% -6.88% -6.22%
Total Long-Term Assets $2.075B $2.184B $2.112B
YoY Change -1.77% 4.05% -0.99%
TOTAL ASSETS
Total Short-Term Assets $1.519B $1.423B $1.316B
Total Long-Term Assets $2.075B $2.184B $2.112B
Total Assets $3.594B $3.607B $3.428B
YoY Change 4.83% 5.8% 2.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $247.4M $210.0M $223.2M
YoY Change 10.84% 3.7% -0.04%
Accrued Expenses $252.1M $240.5M $223.1M
YoY Change 13.0% 4.25% 2.06%
Deferred Revenue $27.00M
YoY Change
Short-Term Debt $249.4M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $249.4M
YoY Change
Total Short-Term Liabilities $837.5M $535.2M $520.8M
YoY Change 60.81% -3.84% -9.08%
LONG-TERM LIABILITIES
Long-Term Debt $494.1M $745.9M $745.3M
YoY Change -33.7% 0.09% 0.09%
Other Long-Term Liabilities $107.7M $95.80M $99.80M
YoY Change 7.92% -3.91% -11.52%
Total Long-Term Liabilities $601.8M $841.7M $845.1M
YoY Change -28.79% -0.38% -1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $837.5M $535.2M $520.8M
Total Long-Term Liabilities $601.8M $841.7M $845.1M
Total Liabilities $2.245B $2.217B $2.282B
YoY Change -1.63% 6.31% 4.4%
SHAREHOLDERS EQUITY
Retained Earnings $1.813B $1.862B $1.720B
YoY Change 5.43% 3.23% 2.72%
Common Stock $72.40M $72.40M $72.40M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $452.1M $456.8M $459.3M
YoY Change -1.57% -4.25% -7.06%
Treasury Stock Shares 13.01M shares 13.11M shares 13.46M shares
Shareholders Equity $1.345B $1.379B $1.134B
YoY Change
Total Liabilities & Shareholders Equity $3.594B $3.607B $3.428B
YoY Change 4.83% 5.8% 2.73%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$28.70M $68.20M -$63.90M
YoY Change -55.09% 7.4% -198.16%
Depreciation, Depletion And Amortization $18.70M $18.50M $16.60M
YoY Change 12.65% 10.78% -2.92%
Cash From Operating Activities $143.3M $103.8M $149.7M
YoY Change -4.28% -10.98% 31.78%
INVESTING ACTIVITIES
Capital Expenditures -$14.70M -$13.50M -$13.00M
YoY Change 13.08% 13.45% 14.04%
Acquisitions
YoY Change
Other Investing Activities $17.10M -$700.0K $100.0K
YoY Change 17000.0% -800.0% -96.15%
Cash From Investing Activities $2.400M -$14.20M -$12.90M
YoY Change -118.6% 20.34% 46.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.70M -41.60M -36.60M
YoY Change -51.64% -47.21% -44.12%
NET CHANGE
Cash From Operating Activities 143.3M 103.8M 149.7M
Cash From Investing Activities 2.400M -14.20M -12.90M
Cash From Financing Activities -17.70M -41.60M -36.60M
Net Change In Cash 128.0M 48.00M 100.2M
YoY Change 27.74% 84.62% 154.96%
FREE CASH FLOW
Cash From Operating Activities $143.3M $103.8M $149.7M
Capital Expenditures -$14.70M -$13.50M -$13.00M
Free Cash Flow $158.0M $117.3M $162.7M
YoY Change -2.89% -8.72% 30.16%

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