2019 Q3 Form 10-Q Financial Statement

#000119312519278995 Filed on October 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $3.246B $3.453B $3.451B
YoY Change -5.94% 12.88% -5.86%
Cost Of Revenue $526.0M $582.0M $565.0M
YoY Change -6.9% -5.52% -7.38%
Gross Profit $2.720B $2.871B $2.886B
YoY Change -5.75% 17.57% -5.56%
Gross Profit Margin 83.8% 83.15% 83.63%
Selling, General & Admin $1.548B $1.614B $1.668B
YoY Change -7.19% -8.3% -8.2%
% of Gross Profit 56.91% 56.22% 57.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $151.0M $169.0M $173.0M
YoY Change -12.72% -13.78% -16.43%
% of Gross Profit 5.55% 5.89% 5.99%
Operating Expenses $2.502B $2.630B $2.697B
YoY Change -7.23% -7.17% -8.02%
Operating Profit $184.0M $241.0M $74.00M
YoY Change 148.65% -161.64% -17.78%
Interest Expense -$259.0M -$251.0M -$256.0M
YoY Change 1.17% 13.06% 7.56%
% of Operating Profit -140.76% -104.15% -345.95%
Other Income/Expense, Net
YoY Change
Pretax Income -$72.00M -$369.0M -$204.0M
YoY Change -64.71% -84.49% 38.78%
Income Tax -$74.00M -$69.00M $104.0M
% Of Pretax Income
Net Earnings -$17.00M -$328.0M -$325.0M
YoY Change -94.77% -83.71% 195.45%
Net Earnings / Revenue -0.52% -9.5% -9.42%
Basic Earnings Per Share -$0.15 -$2.91 -$2.88
Diluted Earnings Per Share -$0.15 -$2.91 -$2.88
COMMON SHARES
Basic Shares Outstanding 113.9M 112.9M 112.9M
Diluted Shares Outstanding 113.9M 112.9M 112.9M

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.0M $196.0M $335.0M
YoY Change -53.13% -65.19% -43.22%
Cash & Equivalents $157.0M $196.0M $335.0M
Short-Term Investments
Other Short-Term Assets $341.0M $400.0M $410.0M
YoY Change -16.83% -13.42% -45.7%
Inventory $376.0M $402.0M $424.0M
Prepaid Expenses
Receivables $2.269B $2.352B $2.347B
Other Receivables $138.0M $155.0M $140.0M
Total Short-Term Assets $3.382B $3.549B $3.724B
YoY Change -9.18% -12.76% -20.39%
LONG-TERM ASSETS
Property, Plant & Equipment $5.931B $6.139B $6.570B
YoY Change -9.73% -12.95% -10.38%
Goodwill $4.495B $4.559B $4.631B
YoY Change -2.94% -3.47%
Intangibles
YoY Change
Long-Term Investments $82.00M $192.0M $85.00M
YoY Change -3.53% 12.28%
Other Assets $1.993B $1.543B $1.544B
YoY Change 29.08% -0.13% -2.15%
Total Long-Term Assets $12.51B $12.31B $12.75B
YoY Change -1.82% -8.01% -15.35%
TOTAL ASSETS
Total Short-Term Assets $3.382B $3.549B $3.724B
Total Long-Term Assets $12.51B $12.31B $12.75B
Total Assets $15.90B $15.86B $16.47B
YoY Change -3.49% -9.12% -16.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $743.0M $887.0M $816.0M
YoY Change -8.95% -8.27% -4.0%
Accrued Expenses $1.012B $1.095B $1.370B
YoY Change -26.13% -2.84% -1.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $318.0M $204.0M $35.00M
YoY Change 808.57% 518.18% -12.5%
Total Short-Term Liabilities $2.355B $2.392B $2.479B
YoY Change -5.0% 1.53% 8.87%
LONG-TERM LIABILITIES
Long-Term Debt $13.29B $13.39B $13.54B
YoY Change -1.84% -3.52% -2.63%
Other Long-Term Liabilities $998.0M $1.008B $1.051B
YoY Change -5.04% -25.88% -24.87%
Total Long-Term Liabilities $14.28B $14.40B $1.051B
YoY Change 1259.09% 958.82% -93.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.355B $2.392B $2.479B
Total Long-Term Liabilities $14.28B $14.40B $1.051B
Total Liabilities $17.16B $16.82B $17.10B
YoY Change 0.34% -4.52% -7.66%
SHAREHOLDERS EQUITY
Retained Earnings -$3.845B -$3.543B -$3.209B
YoY Change 19.82% 28.32%
Common Stock $2.005B $2.018B $2.012B
YoY Change -0.35% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.848B -$1.535B -$1.205B
YoY Change
Total Liabilities & Shareholders Equity $15.90B $15.86B $16.47B
YoY Change -3.49% -9.12% -16.55%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$17.00M -$328.0M -$325.0M
YoY Change -94.77% -83.71% 195.45%
Depreciation, Depletion And Amortization $151.0M $169.0M $173.0M
YoY Change -12.72% -13.78% -16.43%
Cash From Operating Activities -$74.00M -$166.0M $346.0M
YoY Change -121.39% -206.41% 203.51%
INVESTING ACTIVITIES
Capital Expenditures -$110.0M -$114.0M -$118.0M
YoY Change -6.78% -16.18% -23.38%
Acquisitions
YoY Change
Other Investing Activities $154.0M $119.0M $109.0M
YoY Change 41.28% 750.0% -85.45%
Cash From Investing Activities $44.00M $5.000M -$9.000M
YoY Change -588.89% -104.1% -101.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00M 22.00M -210.0M
YoY Change -90.48% -136.07% -76.32%
NET CHANGE
Cash From Operating Activities -74.00M -166.0M 346.0M
Cash From Investing Activities 44.00M 5.000M -9.000M
Cash From Financing Activities -20.00M 22.00M -210.0M
Net Change In Cash -50.00M -139.0M 127.0M
YoY Change -139.37% 414.81% -171.35%
FREE CASH FLOW
Cash From Operating Activities -$74.00M -$166.0M $346.0M
Capital Expenditures -$110.0M -$114.0M -$118.0M
Free Cash Flow $36.00M -$52.00M $464.0M
YoY Change -92.24% -117.81% 73.13%

Facts In Submission

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