2020 Q2 Form 10-Q Financial Statement

#000156459020034324 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $2.519B $3.302B
YoY Change -23.71% -7.3%
Cost Of Revenue $418.0M $539.0M
YoY Change -22.45% -8.95%
Gross Profit $2.101B $2.763B
YoY Change -23.96% -6.97%
Gross Profit Margin 83.41% 83.68%
Selling, General & Admin $1.364B $1.569B
YoY Change -13.07% -7.81%
% of Gross Profit 64.92% 56.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $141.0M $152.0M
YoY Change -7.24% -14.12%
% of Gross Profit 6.71% 5.5%
Operating Expenses $2.240B $2.611B
YoY Change -14.21% -5.3%
Operating Profit -$139.0M $111.0M
YoY Change -225.23% 200.0%
Interest Expense -$261.0M -$265.0M
YoY Change -1.51% 12.77%
% of Operating Profit -238.74%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.000M -$149.0M
YoY Change -99.33% 15.5%
Income Tax -$58.00M -$3.000M
% Of Pretax Income
Net Earnings $70.00M -$167.0M
YoY Change -141.92% 51.82%
Net Earnings / Revenue 2.78% -5.06%
Basic Earnings Per Share -$1.47
Diluted Earnings Per Share $608.7K -$1.47
COMMON SHARES
Basic Shares Outstanding 115.0M 113.9M
Diluted Shares Outstanding 115.0M 113.9M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.552B $207.0M
YoY Change 649.76% -0.48%
Cash & Equivalents $1.552B $207.0M
Short-Term Investments
Other Short-Term Assets $374.0M $366.0M
YoY Change 2.19% -26.51%
Inventory $337.0M $378.0M
Prepaid Expenses
Receivables $1.925B $2.356B
Other Receivables $81.00M $136.0M
Total Short-Term Assets $4.413B $3.484B
YoY Change 26.66% -5.68%
LONG-TERM ASSETS
Property, Plant & Equipment $5.309B $5.934B
YoY Change -10.53% -12.08%
Goodwill $4.200B $4.494B
YoY Change -6.54%
Intangibles
YoY Change
Long-Term Investments $85.00M $80.00M
YoY Change 6.25% -3.61%
Other Assets $2.361B $2.163B
YoY Change 9.15% 33.93%
Total Long-Term Assets $12.00B $12.65B
YoY Change -5.11% -3.45%
TOTAL ASSETS
Total Short-Term Assets $4.413B $3.484B
Total Long-Term Assets $12.00B $12.65B
Total Assets $16.42B $16.13B
YoY Change 1.75% -3.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $677.0M $812.0M
YoY Change -16.63% -3.22%
Accrued Expenses $2.506B $964.0M
YoY Change 159.96% -7.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $30.00M $206.0M
YoY Change -85.44% 402.44%
Total Short-Term Liabilities $3.422B $2.503B
YoY Change 36.72% 21.39%
LONG-TERM LIABILITIES
Long-Term Debt $13.11B $13.39B
YoY Change -2.14% -2.05%
Other Long-Term Liabilities $913.0M $987.0M
YoY Change -7.5% -25.73%
Total Long-Term Liabilities $14.02B $14.38B
YoY Change -2.51% -4.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.422B $2.503B
Total Long-Term Liabilities $14.02B $14.38B
Total Liabilities $17.98B $17.39B
YoY Change 3.39% -1.61%
SHAREHOLDERS EQUITY
Retained Earnings -$4.131B -$3.828B
YoY Change 7.92%
Common Stock $2.009B $2.003B
YoY Change 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.127B -$1.833B
YoY Change
Total Liabilities & Shareholders Equity $16.42B $16.13B
YoY Change 1.75% -3.94%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $70.00M -$167.0M
YoY Change -141.92% 51.82%
Depreciation, Depletion And Amortization $141.0M $152.0M
YoY Change -7.24% -14.12%
Cash From Operating Activities $1.653B $132.0M
YoY Change 1152.27% -1200.0%
INVESTING ACTIVITIES
Capital Expenditures -$93.00M -$91.00M
YoY Change 2.2% -27.2%
Acquisitions
YoY Change
Other Investing Activities $149.0M -$75.00M
YoY Change -298.67% -222.95%
Cash From Investing Activities $56.00M -$166.0M
YoY Change -133.73% 159.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -403.0M -36.00M
YoY Change 1019.44% -74.29%
NET CHANGE
Cash From Operating Activities 1.653B 132.0M
Cash From Investing Activities 56.00M -166.0M
Cash From Financing Activities -403.0M -36.00M
Net Change In Cash 1.306B -70.00M
YoY Change -1965.71% -67.59%
FREE CASH FLOW
Cash From Operating Activities $1.653B $132.0M
Capital Expenditures -$93.00M -$91.00M
Free Cash Flow $1.746B $223.0M
YoY Change 682.96% 97.35%

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