2017 Q2 Form 10-Q Financial Statement

#000002891718000262 Filed on June 08, 2018

View on sec.gov

Income Statement

Concept 2017 Q2
Revenue $1.453B
YoY Change -5.59%
Cost Of Revenue $870.0M
YoY Change -7.31%
Gross Profit $548.4M
YoY Change -2.88%
Gross Profit Margin 37.75%
Selling, General & Admin $396.6M
YoY Change -0.43%
% of Gross Profit 72.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.60M
YoY Change -0.96%
% of Gross Profit 11.05%
Operating Expenses $396.6M
YoY Change -0.43%
Operating Profit $151.7M
YoY Change -8.77%
Interest Expense $15.68M
YoY Change -0.2%
% of Operating Profit 10.34%
Other Income/Expense, Net
YoY Change
Pretax Income $102.5M
YoY Change -14.34%
Income Tax $36.17M
% Of Pretax Income 35.3%
Net Earnings $66.30M
YoY Change -14.37%
Net Earnings / Revenue 4.56%
Basic Earnings Per Share
Diluted Earnings Per Share $2.12
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $301.5M
YoY Change 100.6%
Cash & Equivalents $301.5M
Short-Term Investments
Other Short-Term Assets $50.45M
YoY Change 20.1%
Inventory $1.714B
Prepaid Expenses
Receivables $38.56M
Other Receivables $0.00
Total Short-Term Assets $2.104B
YoY Change 11.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.765B
YoY Change -6.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $257.6M
YoY Change 1.58%
Total Long-Term Assets $2.022B
YoY Change -5.64%
TOTAL ASSETS
Total Short-Term Assets $2.104B
Total Long-Term Assets $2.022B
Total Assets $4.127B
YoY Change 2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.070B
YoY Change 26.36%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $87.20M
YoY Change
Total Short-Term Liabilities $1.247B
YoY Change 38.61%
LONG-TERM LIABILITIES
Long-Term Debt $526.2M
YoY Change -14.18%
Other Long-Term Liabilities $238.3M
YoY Change -1.23%
Total Long-Term Liabilities $764.4M
YoY Change -10.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.247B
Total Long-Term Liabilities $764.4M
Total Liabilities $2.012B
YoY Change 14.68%
SHAREHOLDERS EQUITY
Retained Earnings $4.218B
YoY Change 3.66%
Common Stock $944.7M
YoY Change 0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.461B
YoY Change 8.76%
Treasury Stock Shares
Shareholders Equity $1.690B
YoY Change
Total Liabilities & Shareholders Equity $4.127B
YoY Change 2.51%

Cashflow Statement

Concept 2017 Q2
OPERATING ACTIVITIES
Net Income $66.30M
YoY Change -14.37%
Depreciation, Depletion And Amortization $60.60M
YoY Change -0.96%
Cash From Operating Activities $83.40M
YoY Change 312.87%
INVESTING ACTIVITIES
Capital Expenditures $34.54M
YoY Change 94.68%
Acquisitions
YoY Change
Other Investing Activities $2.300M
YoY Change 1050.0%
Cash From Investing Activities -$32.30M
YoY Change 83.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $94.14M
YoY Change 79.56%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.70M
YoY Change 75.18%
NET CHANGE
Cash From Operating Activities 83.40M
Cash From Investing Activities -32.30M
Cash From Financing Activities -96.70M
Net Change In Cash -45.60M
YoY Change -13.31%
FREE CASH FLOW
Cash From Operating Activities $83.40M
Capital Expenditures $34.54M
Free Cash Flow $48.86M
YoY Change 1887.07%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of share repurchase activity for the periods indicated (in millions, except per share data):</font></div><div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:74.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">May 5, <br clear="none"/>2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April 29, <br clear="none"/>2017</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of shares repurchased</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font 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style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of shares repurchased</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font 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style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.79</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

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