2018 Q1 Form 10-Q Financial Statement

#000070335118000017 Filed on May 04, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1 2016 Q3
Revenue $812.5M $810.6M $758.5M
YoY Change 0.23% -1.7% -0.53%
Cost Of Revenue $207.3M $201.9M $192.3M
YoY Change 2.67% -6.25% -2.19%
Gross Profit $605.2M $608.7M $566.2M
YoY Change -0.58% -0.09% 0.04%
Gross Profit Margin 74.49% 75.09% 74.65%
Selling, General & Admin $36.60M $35.90M $32.50M
YoY Change 1.95% 18.87% -1.81%
% of Gross Profit 6.05% 5.9% 5.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.50M $39.30M $38.90M
YoY Change -4.58% 0.77% -0.77%
% of Gross Profit 6.2% 6.46% 6.87%
Operating Expenses $74.10M $655.9M $639.5M
YoY Change -88.7% -1.41% 1.13%
Operating Profit $72.70M $72.87M $41.48M
YoY Change -0.23% -15.54% -26.26%
Interest Expense $14.60M $13.66M $8.809M
YoY Change 6.9% 62.54% 13.42%
% of Operating Profit 20.08% 18.74% 21.24%
Other Income/Expense, Net $800.0K $402.0K $299.0K
YoY Change 99.0% 45.13% 9.52%
Pretax Income $58.90M $59.61M $32.97M
YoY Change -1.19% -23.72% -32.38%
Income Tax $12.00M $17.24M $9.733M
% Of Pretax Income 20.37% 28.93% 29.52%
Net Earnings $46.90M $42.37M $23.23M
YoY Change 10.69% -26.32% -30.04%
Net Earnings / Revenue 5.77% 5.23% 3.06%
Basic Earnings Per Share $1.03 $0.87 $0.42
Diluted Earnings Per Share $1.02 $0.86 $0.42
COMMON SHARES
Basic Shares Outstanding 45.40M shares 48.95M shares 54.84M shares
Diluted Shares Outstanding 46.00M shares 49.51M shares 55.58M shares

Balance Sheet

Concept 2018 Q1 2017 Q1 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.40M $9.000M $34.20M
YoY Change 48.89% -86.96% -48.18%
Cash & Equivalents $10.90M $9.043M $34.16M
Short-Term Investments
Other Short-Term Assets $61.90M $74.50M $76.30M
YoY Change -16.91% 20.16% 18.66%
Inventory $24.41M $26.32M $24.98M
Prepaid Expenses
Receivables $44.34M $38.33M $39.04M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $144.0M $148.2M $174.5M
YoY Change -2.82% -24.67% -9.23%
LONG-TERM ASSETS
Property, Plant & Equipment $943.9M $997.1M $1.028B
YoY Change -5.33% -5.32% -5.25%
Goodwill $164.0M $163.8M $163.9M
YoY Change 0.12% -0.04% 2.17%
Intangibles $24.74M $27.96M $29.69M
YoY Change -11.5% -9.73% -6.36%
Long-Term Investments $9.641M $10.28M
YoY Change -6.94% -4.47%
Other Assets $31.00M $30.37M $32.37M
YoY Change 2.08% -6.86% -6.53%
Total Long-Term Assets $1.193B $1.255B $1.284B
YoY Change -4.94% -2.65% -5.11%
TOTAL ASSETS
Total Short-Term Assets $144.0M $148.2M $174.5M
Total Long-Term Assets $1.193B $1.255B $1.284B
Total Assets $1.337B $1.403B $1.459B
YoY Change -4.72% -5.56% -5.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.17M $85.61M $93.58M
YoY Change 13.5% -9.74% 10.69%
Accrued Expenses $155.6M $134.3M $133.6M
YoY Change 15.87% 10.67% 4.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.300M $3.900M $3.800M
YoY Change 87.18% 8.33% 8.57%
Total Short-Term Liabilities $449.0M $437.3M $425.6M
YoY Change 2.68% 3.55% 8.26%
LONG-TERM LIABILITIES
Long-Term Debt $1.362B $1.326B $1.442B
YoY Change 2.72% 12.85% 28.13%
Other Long-Term Liabilities $5.889M $138.9M $142.0M
YoY Change -95.76% 2.21% 2.22%
Total Long-Term Liabilities $5.889M $138.9M $142.0M
YoY Change -95.76% 2.21% 2.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $449.0M $437.3M $425.6M
Total Long-Term Liabilities $5.889M $138.9M $142.0M
Total Liabilities $454.9M $576.2M $567.6M
YoY Change -21.05% 3.22% 6.68%
SHAREHOLDERS EQUITY
Retained Earnings $2.655B $2.606B $2.562B
YoY Change 1.91% 3.65% 4.78%
Common Stock $527.1M $518.8M $451.7M
YoY Change 1.6% 1.69% -10.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.786B $3.610B $3.553B
YoY Change 4.86% 10.89% 16.69%
Treasury Stock Shares 132.4M shares 127.3M shares 126.1M shares
Shareholders Equity -$608.5M -$498.7M -$551.1M
YoY Change
Total Liabilities & Shareholders Equity $1.337B $1.403B $1.459B
YoY Change -4.72% -5.78% -5.86%

Cashflow Statement

Concept 2018 Q1 2017 Q1 2016 Q3
OPERATING ACTIVITIES
Net Income $46.90M $42.37M $23.23M
YoY Change 10.69% -26.32% -30.04%
Depreciation, Depletion And Amortization $37.50M $39.30M $38.90M
YoY Change -4.58% 0.77% -0.77%
Cash From Operating Activities $118.0M $102.9M $66.20M
YoY Change 14.67% -28.24% 44.23%
INVESTING ACTIVITIES
Capital Expenditures -$20.90M -$19.60M $27.11M
YoY Change 6.63% -17.99% 14.24%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $16.00M $100.0K $0.00
YoY Change 15900.0% -93.33% -100.0%
Cash From Investing Activities -$4.900M -$19.70M -$27.10M
YoY Change -75.13% -12.05% -78.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $350.0M
YoY Change 585.38%
Debt Paid & Issued, Net $890.0K
YoY Change 4.83%
Cash From Financing Activities -114.3M -108.2M -36.40M
YoY Change 5.64% -12.18% -139.74%
NET CHANGE
Cash From Operating Activities 118.0M 102.9M 66.20M
Cash From Investing Activities -4.900M -19.70M -27.10M
Cash From Financing Activities -114.3M -108.2M -36.40M
Net Change In Cash -1.200M -25.00M 2.700M
YoY Change -95.2% 1036.36% -75.23%
FREE CASH FLOW
Cash From Operating Activities $118.0M $102.9M $66.20M
Capital Expenditures -$20.90M -$19.60M $27.11M
Free Cash Flow $138.9M $122.5M $39.09M
YoY Change 13.39% -26.78% 76.32%

Facts In Submission

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