2018 Q2 Form 10-Q Financial Statement

#000162828018010433 Filed on August 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $851.0M $702.5M
YoY Change 21.14% -1.36%
Cost Of Revenue $545.6M $444.3M
YoY Change 22.8% -1.07%
Gross Profit $305.4M $258.2M
YoY Change 18.28% -1.86%
Gross Profit Margin 35.89% 36.75%
Selling, General & Admin $188.9M $149.8M
YoY Change 26.1% -6.67%
% of Gross Profit 61.85% 58.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.40M $18.10M
YoY Change 56.91% 2.84%
% of Gross Profit 9.3% 7.01%
Operating Expenses $188.9M $149.8M
YoY Change 26.1% -6.67%
Operating Profit $113.0M $105.8M
YoY Change 6.81% 3.12%
Interest Expense $12.80M $9.000M
YoY Change 42.22% -2.17%
% of Operating Profit 11.33% 8.51%
Other Income/Expense, Net -$8.100M -$6.100M
YoY Change 32.79% -32.22%
Pretax Income $104.9M $99.70M
YoY Change 5.22% 6.52%
Income Tax $24.20M $30.40M
% Of Pretax Income 23.07% 30.49%
Net Earnings $80.70M $69.20M
YoY Change 16.62% 1.47%
Net Earnings / Revenue 9.48% 9.85%
Basic Earnings Per Share $1.35 $1.16
Diluted Earnings Per Share $1.32 $1.14
COMMON SHARES
Basic Shares Outstanding 59.70M shares 59.50M shares
Diluted Shares Outstanding 61.10M shares 60.50M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $318.2M $509.3M
YoY Change -37.52% 24.55%
Cash & Equivalents $318.2M $572.2M
Short-Term Investments
Other Short-Term Assets $77.10M $20.90M
YoY Change 268.9% -0.48%
Inventory $411.5M $367.7M
Prepaid Expenses
Receivables $542.0M $436.4M
Other Receivables $25.00M $18.00M
Total Short-Term Assets $1.374B $1.352B
YoY Change 1.59% 3.35%
LONG-TERM ASSETS
Property, Plant & Equipment $581.6M $287.1M
YoY Change 102.58% 1.92%
Goodwill $1.433B $1.197B
YoY Change 19.71% 1.67%
Intangibles $504.6M $293.1M
YoY Change 72.16% -5.21%
Long-Term Investments
YoY Change
Other Assets $116.7M $97.50M
YoY Change 19.69% -10.71%
Total Long-Term Assets $2.747B $2.182B
YoY Change 25.91% 2.71%
TOTAL ASSETS
Total Short-Term Assets $1.374B $1.352B
Total Long-Term Assets $2.747B $2.182B
Total Assets $4.121B $3.534B
YoY Change 16.6% 2.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $274.6M $209.2M
YoY Change 31.26% 1.6%
Accrued Expenses $328.0M $200.2M
YoY Change 63.84% -7.01%
Deferred Revenue $78.40M
YoY Change
Short-Term Debt $171.4M $0.00
YoY Change -100.0%
Long-Term Debt Due $171.4M
YoY Change
Total Short-Term Liabilities $861.3M $487.2M
YoY Change 76.79% -19.02%
LONG-TERM LIABILITIES
Long-Term Debt $937.1M $745.7M
YoY Change 25.67% 0.09%
Other Long-Term Liabilities $102.9M $103.2M
YoY Change -0.29% 0.78%
Total Long-Term Liabilities $1.040B $848.9M
YoY Change 22.51% 0.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $861.3M $487.2M
Total Long-Term Liabilities $1.040B $848.9M
Total Liabilities $2.674B $2.203B
YoY Change 21.39% 1.85%
SHAREHOLDERS EQUITY
Retained Earnings $1.928B $1.813B
YoY Change 6.32% 3.06%
Common Stock $72.40M $72.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $462.5M $434.1M
YoY Change 6.54% -10.46%
Treasury Stock Shares 12.85M shares 12.86M shares
Shareholders Equity $1.444B $1.319B
YoY Change
Total Liabilities & Shareholders Equity $4.121B $3.534B
YoY Change 16.6% 2.95%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $80.70M $69.20M
YoY Change 16.62% 1.47%
Depreciation, Depletion And Amortization $28.40M $18.10M
YoY Change 56.91% 2.84%
Cash From Operating Activities $57.20M $66.90M
YoY Change -14.5% -4.15%
INVESTING ACTIVITIES
Capital Expenditures -$16.50M -$11.20M
YoY Change 47.32% -28.21%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$54.10M
YoY Change -100.37% -27150.0%
Cash From Investing Activities -$16.30M -$65.30M
YoY Change -75.04% 324.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -346.7M -14.70M
YoY Change 2258.5% -307.04%
NET CHANGE
Cash From Operating Activities 57.20M 66.90M
Cash From Investing Activities -16.30M -65.30M
Cash From Financing Activities -346.7M -14.70M
Net Change In Cash -305.8M -13.10M
YoY Change 2234.35% -121.3%
FREE CASH FLOW
Cash From Operating Activities $57.20M $66.90M
Capital Expenditures -$16.50M -$11.20M
Free Cash Flow $73.70M $78.10M
YoY Change -5.63% -8.55%

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