2018 Q1 Form 10-Q Financial Statement

#000102919918000037 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $550.5M $473.4M
YoY Change 16.29% 8.1%
Cost Of Revenue $343.3M $296.6M
YoY Change 15.75% 9.2%
Gross Profit $207.2M $176.8M
YoY Change 17.21% 6.32%
Gross Profit Margin 37.64% 37.34%
Selling, General & Admin $50.01M $41.99M
YoY Change 19.11% 10.92%
% of Gross Profit 24.14% 23.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.00M $21.64M
YoY Change 20.17% 12.18%
% of Gross Profit 12.55% 12.24%
Operating Expenses $50.01M $41.99M
YoY Change 19.11% 10.92%
Operating Profit $45.47M $41.29M
YoY Change 10.14% -1.44%
Interest Expense $7.606M $7.148M
YoY Change 6.41% 13.71%
% of Operating Profit 16.73% 17.31%
Other Income/Expense, Net -$5.461M -$4.246M
YoY Change 28.62% 15.95%
Pretax Income $40.01M $37.04M
YoY Change 8.02% -3.11%
Income Tax $13.67M $8.971M
% Of Pretax Income 34.16% 24.22%
Net Earnings $26.41M $28.12M
YoY Change -6.08% -3.34%
Net Earnings / Revenue 4.8% 5.94%
Basic Earnings Per Share $0.51 $0.54
Diluted Earnings Per Share $0.49 $0.51
COMMON SHARES
Basic Shares Outstanding 51.90M shares 52.35M shares
Diluted Shares Outstanding 53.95M shares 54.92M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $885.6M $763.6M
YoY Change 15.98% 39.22%
Cash & Equivalents $885.6M $763.6M
Short-Term Investments
Other Short-Term Assets $277.0M $266.8M
YoY Change 3.82% 59.57%
Inventory $43.97M
Prepaid Expenses
Receivables $707.2M $370.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.870B $1.445B
YoY Change 29.39% 27.46%
LONG-TERM ASSETS
Property, Plant & Equipment $280.6M $217.9M
YoY Change 28.8% 28.37%
Goodwill $743.5M $698.5M
YoY Change 6.43% -0.84%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $115.3M $75.14M
YoY Change 53.47% 39.56%
Total Long-Term Assets $1.287B $1.153B
YoY Change 11.7% 4.94%
TOTAL ASSETS
Total Short-Term Assets $1.870B $1.445B
Total Long-Term Assets $1.287B $1.153B
Total Assets $3.157B $2.598B
YoY Change 21.54% 16.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $409.5M $318.4M
YoY Change 28.61% -10.41%
Accrued Expenses $253.6M $229.5M
YoY Change 10.49% 89.33%
Deferred Revenue
YoY Change
Short-Term Debt $33.10M $21.45M
YoY Change 54.3% 332.02%
Long-Term Debt Due $46.97M $30.14M
YoY Change 55.84% 157.43%
Total Short-Term Liabilities $1.318B $1.007B
YoY Change 30.86% 15.54%
LONG-TERM LIABILITIES
Long-Term Debt $573.6M $562.2M
YoY Change 2.02% 17.47%
Other Long-Term Liabilities $67.06M $21.41M
YoY Change 213.18% 3.34%
Total Long-Term Liabilities $640.7M $583.6M
YoY Change 9.77% 16.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.318B $1.007B
Total Long-Term Liabilities $640.7M $583.6M
Total Liabilities $2.028B $1.644B
YoY Change 23.37% 16.4%
SHAREHOLDERS EQUITY
Retained Earnings $463.4M $308.2M
YoY Change 50.33% 130.85%
Common Stock $1.080B $1.053B
YoY Change 2.54% 2.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $343.4M $217.5M
YoY Change 57.92% 1.11%
Treasury Stock Shares 7.515M shares 6.107M shares
Shareholders Equity $1.128B $952.4M
YoY Change
Total Liabilities & Shareholders Equity $3.157B $2.598B
YoY Change 21.54% 16.38%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $26.41M $28.12M
YoY Change -6.08% -3.34%
Depreciation, Depletion And Amortization $26.00M $21.64M
YoY Change 20.17% 12.18%
Cash From Operating Activities $27.83M $70.80M
YoY Change -60.7% -32.32%
INVESTING ACTIVITIES
Capital Expenditures $24.42M $22.66M
YoY Change 7.75% 30.57%
Acquisitions $7.257M $0.00
YoY Change -100.0%
Other Investing Activities -$201.0K -$259.0K
YoY Change -22.39% 156.44%
Cash From Investing Activities -$33.28M -$23.91M
YoY Change 39.17% 26.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $126.6M $2.188M
YoY Change 5685.05% -97.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $41.90M -$6.361M
YoY Change -758.64% 21.07%
NET CHANGE
Cash From Operating Activities $27.83M $70.80M
Cash From Investing Activities -$33.28M -$23.91M
Cash From Financing Activities $41.90M -$6.361M
Net Change In Cash $36.45M $40.53M
YoY Change -10.08% -49.63%
FREE CASH FLOW
Cash From Operating Activities $27.83M $70.80M
Capital Expenditures $24.42M $22.66M
Free Cash Flow $3.413M $48.14M
YoY Change -92.91% -44.83%

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CY2017Q1 us-gaap Increase Decrease In Deferred Revenue
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CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0.0314
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CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2018Q1 us-gaap Payments To Acquire Other Productive Assets
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CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2017Q4 us-gaap Preferred Stock Shares Authorized
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CY2018Q1 us-gaap Preferred Stock Shares Authorized
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CY2017Q4 us-gaap Preferred Stock Shares Issued
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CY2018Q1 us-gaap Preferred Stock Shares Issued
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CY2017Q4 us-gaap Preferred Stock Value
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CY2018Q1 us-gaap Preferred Stock Value
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CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
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301000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017Q1 us-gaap Profit Loss
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CY2018Q1 us-gaap Repayments Of Lines Of Credit
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CY2017Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
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1150000 USD
CY2018Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2018Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
63800000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q1 us-gaap Sales Revenue Net
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CY2018Q1 us-gaap Settlement Liabilities Current
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CY2017Q1 us-gaap Share Based Compensation
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CY2018Q1 us-gaap Share Based Compensation
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CY2017Q1 us-gaap Share Price
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CY2018Q1 us-gaap Share Price
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CY2017Q4 us-gaap Short Term Borrowings
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1129032000 USD
CY2017Q4 us-gaap Treasury Stock Shares
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CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2017Q4 us-gaap Treasury Stock Value
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217161000 USD
CY2018Q1 us-gaap Treasury Stock Value
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343398000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
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5816000 USD
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
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5175000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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52345944 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51899282 shares

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