2018 Q1 Form 10-Q Financial Statement

#000162828018005605 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $799.1M $673.4M
YoY Change 18.67% 2.03%
Cost Of Revenue $521.2M $429.5M
YoY Change 21.35% 0.8%
Gross Profit $277.9M $243.9M
YoY Change 13.94% 4.28%
Gross Profit Margin 34.78% 36.22%
Selling, General & Admin $177.6M $150.6M
YoY Change 17.93% 1.21%
% of Gross Profit 63.91% 61.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.90M $17.40M
YoY Change 60.34% 5.45%
% of Gross Profit 10.04% 7.13%
Operating Expenses $177.6M $150.6M
YoY Change 17.93% 1.21%
Operating Profit $94.30M $93.30M
YoY Change 1.07% 9.12%
Interest Expense $14.60M $9.000M
YoY Change 62.22% -1.1%
% of Operating Profit 15.48% 9.65%
Other Income/Expense, Net -$9.900M -$5.400M
YoY Change 83.33% -39.33%
Pretax Income $84.40M $87.90M
YoY Change -3.98% 14.75%
Income Tax $15.70M $24.60M
% Of Pretax Income 18.6% 27.99%
Net Earnings $68.70M $63.10M
YoY Change 8.87% 14.73%
Net Earnings / Revenue 8.6% 9.37%
Basic Earnings Per Share $1.15 $1.06
Diluted Earnings Per Share $1.13 $1.05
COMMON SHARES
Basic Shares Outstanding 59.70M shares 59.30M shares
Diluted Shares Outstanding 61.00M shares 60.30M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $642.3M $504.8M
YoY Change 27.24% 42.6%
Cash & Equivalents $642.3M $504.8M
Short-Term Investments
Other Short-Term Assets $69.60M $19.70M
YoY Change 253.3% -3.43%
Inventory $406.5M $356.9M
Prepaid Expenses
Receivables $493.5M $419.1M
Other Receivables $25.00M $18.00M
Total Short-Term Assets $1.637B $1.319B
YoY Change 24.15% 5.08%
LONG-TERM ASSETS
Property, Plant & Equipment $594.2M $281.0M
YoY Change 111.46% 0.39%
Goodwill $1.450B $1.158B
YoY Change 25.21% -1.75%
Intangibles $521.0M $278.8M
YoY Change 86.87% -11.29%
Long-Term Investments
YoY Change
Other Assets $119.9M $97.50M
YoY Change 22.97% -8.11%
Total Long-Term Assets $2.854B $2.133B
YoY Change 33.81% -0.36%
TOTAL ASSETS
Total Short-Term Assets $1.637B $1.319B
Total Long-Term Assets $2.854B $2.133B
Total Assets $4.491B $3.451B
YoY Change 30.12% 1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $252.4M $199.8M
YoY Change 26.33% 0.35%
Accrued Expenses $300.5M $201.1M
YoY Change 49.43% -5.81%
Deferred Revenue $48.20M
YoY Change
Short-Term Debt $272.7M $0.00
YoY Change -100.0%
Long-Term Debt Due $272.7M
YoY Change
Total Short-Term Liabilities $912.0M $484.1M
YoY Change 88.39% -15.9%
LONG-TERM LIABILITIES
Long-Term Debt $1.139B $745.5M
YoY Change 52.72% 0.09%
Other Long-Term Liabilities $105.4M $100.9M
YoY Change 4.46% -7.85%
Total Long-Term Liabilities $1.244B $846.4M
YoY Change 46.96% -0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $912.0M $484.1M
Total Long-Term Liabilities $1.244B $846.4M
Total Liabilities $3.042B $2.219B
YoY Change 37.13% 2.24%
SHAREHOLDERS EQUITY
Retained Earnings $1.868B $1.763B
YoY Change 5.91% 3.12%
Common Stock $72.40M $72.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $438.0M $439.1M
YoY Change -0.25% -10.13%
Treasury Stock Shares 12.60M shares 12.96M shares
Shareholders Equity $1.445B $1.220B
YoY Change
Total Liabilities & Shareholders Equity $4.491B $3.451B
YoY Change 30.12% 1.65%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $68.70M $63.10M
YoY Change 8.87% 14.73%
Depreciation, Depletion And Amortization $27.90M $17.40M
YoY Change 60.34% 5.45%
Cash From Operating Activities $74.20M $3.500M
YoY Change 2020.0% -119.44%
INVESTING ACTIVITIES
Capital Expenditures $27.50M $9.600M
YoY Change 186.46% -12.73%
Acquisitions $672.3M $0.00
YoY Change
Other Investing Activities -$672.0M $0.00
YoY Change -100.0%
Cash From Investing Activities -$699.5M -$9.600M
YoY Change 7186.46% -8.57%
FINANCING ACTIVITIES
Cash Dividend Paid $20.90M $19.60M
YoY Change 6.63% 2.08%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $250.0M $0.00
YoY Change
Cash From Financing Activities $550.9M -$6.800M
YoY Change -8201.47% -186.08%
NET CHANGE
Cash From Operating Activities $74.20M $3.500M
Cash From Investing Activities -$699.5M -$9.600M
Cash From Financing Activities $550.9M -$6.800M
Net Change In Cash -$74.40M -$12.90M
YoY Change 476.74% -37.38%
FREE CASH FLOW
Cash From Operating Activities $74.20M $3.500M
Capital Expenditures $27.50M $9.600M
Free Cash Flow $46.70M -$6.100M
YoY Change -865.57% -78.97%

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