2019 Q1 Form 10-Q Financial Statement

#000094094419000013 Filed on April 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2017 Q4
Revenue $2.247B $2.128B $1.882B
YoY Change 5.55% 13.29% 14.55%
Cost Of Revenue $1.730B $1.650B $1.517B
YoY Change 4.8% 14.56% 14.55%
Gross Profit $455.2M $422.4M $306.6M
YoY Change 7.77% 10.03% 16.18%
Gross Profit Margin 20.26% 19.85% 16.3%
Selling, General & Admin $165.2M $169.0M $157.0M
YoY Change -2.25% 19.18% 14.93%
% of Gross Profit 36.29% 40.01% 51.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $85.30M $79.20M $78.80M
YoY Change 7.7% 16.64% 16.22%
% of Gross Profit 18.74% 18.75% 25.7%
Operating Expenses $165.2M $169.0M $157.0M
YoY Change -2.25% 19.18% 14.93%
Operating Profit $265.5M $233.4M $128.9M
YoY Change 13.75% 1.7% 10.64%
Interest Expense -$12.40M -$117.4M -$15.50M
YoY Change -89.44% 1162.37% 63.16%
% of Operating Profit -4.67% -50.3% -12.02%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $253.1M $116.0M $113.4M
YoY Change 118.19% -47.32% 5.98%
Income Tax $28.00M -$102.5M $24.80M
% Of Pretax Income 11.06% -88.36% 21.87%
Net Earnings $223.6M $217.8M $84.70M
YoY Change 2.66% 31.52% 6.54%
Net Earnings / Revenue 9.95% 10.23% 4.5%
Basic Earnings Per Share $1.81 $1.76 $0.69
Diluted Earnings Per Share $1.79 $1.73 $0.67
COMMON SHARES
Basic Shares Outstanding 123.3M shares 123.6M shares 123.6M shares
Diluted Shares Outstanding 125.0M shares 125.7M shares 125.5M shares

Balance Sheet

Concept 2019 Q1 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $303.0M $147.0M $115.0M
YoY Change 106.12% -62.4% -1.71%
Cash & Equivalents $302.9M $146.8M $114.7M
Short-Term Investments
Other Short-Term Assets $101.0M $164.0M $105.0M
YoY Change -38.41% -41.84% -66.45%
Inventory $209.5M $208.0M $199.1M
Prepaid Expenses
Receivables $74.00M $51.00M $67.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $687.2M $569.6M $485.2M
YoY Change 20.65% -35.63% -29.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.540B $2.405B $2.386B
YoY Change 5.62% 16.22% 16.01%
Goodwill $1.184B $1.182B $1.173B
YoY Change 0.14% 35.5% 34.48%
Intangibles $950.8M $950.2M $950.2M
YoY Change 0.06% 65.19% 65.19%
Long-Term Investments
YoY Change
Other Assets $336.2M $348.1M $322.9M
YoY Change -3.42% 25.08% 17.8%
Total Long-Term Assets $5.011B $4.885B $4.832B
YoY Change 2.57% 28.73% 27.89%
TOTAL ASSETS
Total Short-Term Assets $687.2M $569.6M $485.2M
Total Long-Term Assets $5.011B $4.885B $4.832B
Total Assets $5.698B $5.455B $5.318B
YoY Change 4.46% 16.56% 19.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $303.2M $291.5M $262.0M
YoY Change 4.01% 41.85% 4.97%
Accrued Expenses $214.0M $210.0M $186.0M
YoY Change 1.9% 20.0% 17.72%
Deferred Revenue $471.7M
YoY Change
Short-Term Debt $0.00 $50.60M $153.5M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.443B $1.468B $1.418B
YoY Change -1.68% 19.11% 23.17%
LONG-TERM LIABILITIES
Long-Term Debt $927.4M $926.4M $935.6M
YoY Change 0.11% 110.21% 112.4%
Other Long-Term Liabilities $534.6M $518.9M $542.9M
YoY Change 3.03% 4.72% 10.84%
Total Long-Term Liabilities $1.462B $1.445B $1.479B
YoY Change 1.16% 54.38% 58.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.443B $1.468B $1.418B
Total Long-Term Liabilities $1.462B $1.445B $1.479B
Total Liabilities $3.382B $3.330B $3.342B
YoY Change 1.57% 23.01% 28.1%
SHAREHOLDERS EQUITY
Retained Earnings $728.4M $586.4M $447.3M
YoY Change 24.22% 12.77% 5.4%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.800M $7.800M $7.800M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $2.316B $2.125B $1.976B
YoY Change
Total Liabilities & Shareholders Equity $5.698B $5.455B $5.318B
YoY Change 4.46% 16.56% 19.18%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income $223.6M $217.8M $84.70M
YoY Change 2.66% 31.52% 6.54%
Depreciation, Depletion And Amortization $85.30M $79.20M $78.80M
YoY Change 7.7% 16.64% 16.22%
Cash From Operating Activities $480.2M $427.9M $133.1M
YoY Change 12.22% 5.52% 12.99%
INVESTING ACTIVITIES
Capital Expenditures -$119.8M -$101.7M -$107.3M
YoY Change 17.8% 20.93% 31.17%
Acquisitions
YoY Change
Other Investing Activities $11.90M $400.0K -$36.80M
YoY Change 2875.0% -88.24% -976.19%
Cash From Investing Activities -$107.9M -$101.3M -$144.1M
YoY Change 6.52% 25.53% 85.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -209.1M -294.5M -21.10M
YoY Change -29.0% 486.65% -44.62%
NET CHANGE
Cash From Operating Activities 480.2M 427.9M 133.1M
Cash From Investing Activities -107.9M -101.3M -144.1M
Cash From Financing Activities -209.1M -294.5M -21.10M
Net Change In Cash 163.2M 32.10M -32.10M
YoY Change 408.41% -88.31% -1628.57%
FREE CASH FLOW
Cash From Operating Activities $480.2M $427.9M $133.1M
Capital Expenditures -$119.8M -$101.7M -$107.3M
Free Cash Flow $600.0M $529.6M $240.4M
YoY Change 13.29% 8.17% 20.44%

Facts In Submission

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us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2100000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4800000 USD
CY2018Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
200000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2500000 shares
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
700000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1600000 shares
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
7800000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
166000000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
7800000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18700000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
207600000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
73700000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126100000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125600000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124200000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123700000 shares

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