2019 Q1 Form 10-Q Financial Statement

#000136425019000019 Filed on May 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $224.2M $212.2M
YoY Change 5.63% 9.14%
Cost Of Revenue $70.80M $67.10M
YoY Change 5.51% 10.36%
Gross Profit $153.4M $145.2M
YoY Change 5.65% 8.68%
Gross Profit Margin 68.43% 68.41%
Selling, General & Admin $10.00M $9.600M
YoY Change 4.17% -5.88%
% of Gross Profit 6.52% 6.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.90M $72.50M
YoY Change 10.21% 7.57%
% of Gross Profit 52.09% 49.93%
Operating Expenses $160.7M $149.1M
YoY Change 7.77% 7.77%
Operating Profit $63.48M $63.13M
YoY Change 0.55% 12.49%
Interest Expense $33.29M $32.90M
YoY Change 1.19% -10.97%
% of Operating Profit 52.45% 52.12%
Other Income/Expense, Net $1.845M $1.733M
YoY Change 6.46% 0.52%
Pretax Income $32.80M $32.60M
YoY Change 0.61% 49.54%
Income Tax
% Of Pretax Income
Net Earnings $28.70M $28.21M
YoY Change 1.75% 48.07%
Net Earnings / Revenue 12.8% 13.29%
Basic Earnings Per Share $0.17 $0.17
Diluted Earnings Per Share $0.17 $0.17
COMMON SHARES
Basic Shares Outstanding 170.2M shares 169.6M shares
Diluted Shares Outstanding 170.2M shares 169.6M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.7M $183.6M
YoY Change -18.46% 114.74%
Cash & Equivalents $149.7M $183.6M
Short-Term Investments
Other Short-Term Assets $8.400M $7.900M
YoY Change 6.33% 8.22%
Inventory $17.60M
Prepaid Expenses
Receivables $5.300M $2.900M
Other Receivables $129.2M $111.0M
Total Short-Term Assets $292.6M $323.0M
YoY Change -9.41% 67.44%
LONG-TERM ASSETS
Property, Plant & Equipment $2.441M $860.0K
YoY Change 183.84% -12.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $105.5M $110.1M
YoY Change -4.17% -22.81%
Other Assets $100.0K $100.0K
YoY Change 0.0% -99.59%
Total Long-Term Assets $7.923B $8.001B
YoY Change -0.97% 8.21%
TOTAL ASSETS
Total Short-Term Assets $292.6M $323.0M
Total Long-Term Assets $7.923B $8.001B
Total Assets $8.216B $8.324B
YoY Change -1.3% 9.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.60M $90.90M
YoY Change -2.53% 59.19%
Accrued Expenses $21.90M $10.90M
YoY Change 100.92% -0.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $205.6M $194.2M
YoY Change 5.87% 29.9%
LONG-TERM LIABILITIES
Long-Term Debt $4.129B $4.099B
YoY Change 0.74% -6.66%
Other Long-Term Liabilities $92.90M $104.3M
YoY Change -10.93% 10.37%
Total Long-Term Liabilities $4.222B $4.203B
YoY Change 0.45% -6.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $205.6M $194.2M
Total Long-Term Liabilities $4.222B $4.203B
Total Liabilities $4.428B $4.397B
YoY Change 0.69% -5.13%
SHAREHOLDERS EQUITY
Retained Earnings -$953.3M -$894.3M
YoY Change 6.6% 6.86%
Common Stock $3.284B $3.279B
YoY Change 0.15% 22.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.362B $2.459B
YoY Change
Total Liabilities & Shareholders Equity $8.216B $8.324B
YoY Change -1.3% 9.72%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $28.70M $28.21M
YoY Change 1.75% 48.07%
Depreciation, Depletion And Amortization $79.90M $72.50M
YoY Change 10.21% 7.57%
Cash From Operating Activities $132.5M $117.6M
YoY Change 12.64% 9.36%
INVESTING ACTIVITIES
Capital Expenditures -$64.10M -$36.30M
YoY Change 76.58% -38.68%
Acquisitions
YoY Change
Other Investing Activities $2.200M $2.000M
YoY Change 10.0% 42.86%
Cash From Investing Activities -$61.84M -$34.32M
YoY Change 80.16% -40.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$67.16M -$76.38M
YoY Change -12.08% -1.02%
NET CHANGE
Cash From Operating Activities $132.5M $117.6M
Cash From Investing Activities -$61.84M -$34.32M
Cash From Financing Activities -$67.16M -$76.38M
Net Change In Cash $3.495M $6.911M
YoY Change -49.43% -125.23%
FREE CASH FLOW
Cash From Operating Activities $132.5M $117.6M
Capital Expenditures -$64.10M -$36.30M
Free Cash Flow $196.6M $153.9M
YoY Change 27.72% -7.7%

Facts In Submission

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CY2019Q1 us-gaap Share Based Compensation
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800000 USD
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CY2018Q1 us-gaap Stock Issued1
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CY2019Q1 us-gaap Stock Issued1
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StockIssuedDuringPeriodSharesConversionOfUnits
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CY2019Q1 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
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CY2018Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
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CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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3902049000 USD
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CY2019Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
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4430000000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169625000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170221000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169601000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170221000 shares
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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