2018 Q4 Form 10-Q Financial Statement

#000102919918000108 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $649.4M $714.5M $604.6M
YoY Change 7.4% 12.02% 16.32%
Cost Of Revenue $395.3M $388.2M $377.5M
YoY Change 4.72% 6.42% 17.6%
Gross Profit $254.1M $326.3M $227.2M
YoY Change 11.84% 19.5% 14.29%
Gross Profit Margin 39.13% 45.66% 37.58%
Selling, General & Admin $148.5M $55.79M $128.8M
YoY Change 15.3% 13.21% 8.14%
% of Gross Profit 58.44% 17.1% 56.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.30M $26.40M $25.50M
YoY Change 7.06% 6.88% 18.06%
% of Gross Profit 10.74% 8.09% 11.22%
Operating Expenses $175.9M $55.79M $154.2M
YoY Change 14.07% 13.21% 9.59%
Operating Profit $71.16M $150.9M $41.12M
YoY Change 73.06% 29.09% -29.23%
Interest Expense -$13.50M $11.27M -$7.800M
YoY Change 73.08% 18.2% -50.63%
% of Operating Profit -18.97% 7.47% -18.97%
Other Income/Expense, Net $0.00 -$13.72M $100.0K
YoY Change -100.0% 1307.08% 0.0%
Pretax Income $57.60M $137.2M $33.40M
YoY Change 72.46% 18.35% -21.04%
Income Tax $10.00M $34.94M $14.70M
% Of Pretax Income 17.36% 25.47% 44.01%
Net Earnings $59.99M $102.7M -$22.93M
YoY Change -361.59% 2.43% -179.32%
Net Earnings / Revenue 9.24% 14.38% -3.79%
Basic Earnings Per Share $1.16 $2.01 -$0.44
Diluted Earnings Per Share $1.10 $1.89 -$0.44
COMMON SHARES
Basic Shares Outstanding 51.56M shares 51.18M shares 52.68M shares
Diluted Shares Outstanding 54.26M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.054B $1.129B $819.1M
YoY Change 28.73% 6.32% 11.53%
Cash & Equivalents $385.0M $1.129B $280.1M
Short-Term Investments
Other Short-Term Assets $339.6M $273.5M $230.4M
YoY Change 47.4% 2.63% -14.51%
Inventory $95.67M
Prepaid Expenses
Receivables $202.5M $813.8M $744.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.088B $2.216B $1.890B
YoY Change 10.44% 15.13% 19.26%
LONG-TERM ASSETS
Property, Plant & Equipment $291.9M $283.2M $268.3M
YoY Change 8.78% 13.07% 32.73%
Goodwill $704.2M $715.7M $717.4M
YoY Change -1.84% -3.78% 4.01%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $123.0M $116.8M $113.6M
YoY Change 8.28% 13.17% 60.71%
Total Long-Term Assets $1.234B $1.244B $1.250B
YoY Change -1.3% -0.67% 10.81%
TOTAL ASSETS
Total Short-Term Assets $2.088B $2.216B $1.890B
Total Long-Term Assets $1.234B $1.244B $1.250B
Total Assets $3.321B $3.461B $3.140B
YoY Change 5.77% 8.9% 15.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $528.9M $405.7M $494.8M
YoY Change 6.89% 10.85% 8.34%
Accrued Expenses $211.0M $306.0M $301.4M
YoY Change -29.99% 10.03% 43.33%
Deferred Revenue
YoY Change
Short-Term Debt $38.51M $33.70M $27.76M
YoY Change 38.72% 35.97% 16.2%
Long-Term Debt Due $38.02M $233.1M $41.29M
YoY Change -7.92% 70.26% 28.38%
Total Short-Term Liabilities $1.378B $1.514B $1.408B
YoY Change -2.08% 16.52% 19.39%
LONG-TERM LIABILITIES
Long-Term Debt $589.8M $641.4M $404.0M
YoY Change 45.98% 8.17% -28.07%
Other Long-Term Liabilities $62.99M $65.11M $64.10M
YoY Change -1.72% 98.35% 212.61%
Total Long-Term Liabilities $652.8M $706.5M $468.1M
YoY Change 39.45% 12.9% -19.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.378B $1.514B $1.408B
Total Long-Term Liabilities $652.8M $706.5M $468.1M
Total Liabilities $2.088B $2.282B $1.941B
YoY Change 7.61% 15.21% 7.08%
SHAREHOLDERS EQUITY
Retained Earnings $669.8M $609.8M $437.0M
YoY Change 53.29% 32.6% 56.7%
Common Stock $1.105B $1.096B $1.073B
YoY Change 3.01% 2.68% 2.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $391.6M $392.1M $217.2M
YoY Change 80.3% 80.82% 0.79%
Treasury Stock Shares 8.077M shares 8.096M shares 6.085M shares
Shareholders Equity $1.233B $1.179B $1.199B
YoY Change
Total Liabilities & Shareholders Equity $3.321B $3.461B $3.140B
YoY Change 5.77% 8.9% 15.75%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $59.99M $102.7M -$22.93M
YoY Change -361.59% 2.43% -179.32%
Depreciation, Depletion And Amortization $27.30M $26.40M $25.50M
YoY Change 7.06% 6.88% 18.06%
Cash From Operating Activities $204.6M $123.3M $28.60M
YoY Change 615.38% -20.19% -81.02%
INVESTING ACTIVITIES
Capital Expenditures -$33.10M -$30.80M -$27.80M
YoY Change 19.06% 26.23% 1.09%
Acquisitions
YoY Change
Other Investing Activities $200.0K $400.0K -$100.0K
YoY Change -300.0% -60.0% -99.85%
Cash From Investing Activities -$32.90M -$30.40M -$27.90M
YoY Change 17.92% 29.91% -70.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -245.1M -113.8M -287.7M
YoY Change -14.81% -10.39% -695.65%
NET CHANGE
Cash From Operating Activities 204.6M 123.3M 28.60M
Cash From Investing Activities -32.90M -30.40M -27.90M
Cash From Financing Activities -245.1M -113.8M -287.7M
Net Change In Cash -73.40M -20.90M -287.0M
YoY Change -74.43% -609.76% -371.01%
FREE CASH FLOW
Cash From Operating Activities $204.6M $123.3M $28.60M
Capital Expenditures -$33.10M -$30.80M -$27.80M
Free Cash Flow $237.7M $154.1M $56.40M
YoY Change 321.45% -13.86% -68.35%

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