2019 Q1 Form 10-Q Financial Statement

#000102919919000045 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $577.5M $550.5M
YoY Change 4.9% 16.29%
Cost Of Revenue $353.8M $343.3M
YoY Change 3.06% 15.75%
Gross Profit $223.7M $207.2M
YoY Change 7.96% 17.21%
Gross Profit Margin 38.73% 37.64%
Selling, General & Admin $48.15M $50.01M
YoY Change -3.73% 19.11%
% of Gross Profit 21.53% 24.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.64M $26.00M
YoY Change 2.45% 20.17%
% of Gross Profit 11.91% 12.55%
Operating Expenses $48.15M $50.01M
YoY Change -3.73% 19.11%
Operating Profit $56.09M $45.47M
YoY Change 23.36% 10.14%
Interest Expense $8.199M $7.606M
YoY Change 7.8% 6.41%
% of Operating Profit 14.62% 16.73%
Other Income/Expense, Net -$5.551M -$5.461M
YoY Change 1.65% 28.62%
Pretax Income $50.54M $40.01M
YoY Change 26.32% 8.02%
Income Tax $15.96M $13.67M
% Of Pretax Income 31.58% 34.16%
Net Earnings $34.54M $26.41M
YoY Change 30.78% -6.08%
Net Earnings / Revenue 5.98% 4.8%
Basic Earnings Per Share $0.67 $0.51
Diluted Earnings Per Share $0.62 $0.49
COMMON SHARES
Basic Shares Outstanding 51.88M shares 51.90M shares
Diluted Shares Outstanding 55.58M shares 53.95M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.216B $885.6M
YoY Change 37.34% 15.98%
Cash & Equivalents $558.5M $885.6M
Short-Term Investments
Other Short-Term Assets $303.6M $277.0M
YoY Change 9.6% 3.82%
Inventory
Prepaid Expenses
Receivables $715.6M $707.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.236B $1.870B
YoY Change 19.55% 29.39%
LONG-TERM ASSETS
Property, Plant & Equipment $303.8M $280.6M
YoY Change 8.26% 28.8%
Goodwill $704.1M $743.5M
YoY Change -5.3% 6.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $109.4M $115.3M
YoY Change -5.16% 53.47%
Total Long-Term Assets $1.579B $1.287B
YoY Change 22.61% 11.7%
TOTAL ASSETS
Total Short-Term Assets $2.236B $1.870B
Total Long-Term Assets $1.579B $1.287B
Total Assets $3.814B $3.157B
YoY Change 20.8% 21.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $408.8M $409.5M
YoY Change -0.17% 28.61%
Accrued Expenses $187.5M $253.6M
YoY Change -26.06% 10.49%
Deferred Revenue
YoY Change
Short-Term Debt $26.85M $33.10M
YoY Change -18.89% 54.3%
Long-Term Debt Due $360.4M $46.97M
YoY Change 667.18% 55.84%
Total Short-Term Liabilities $1.744B $1.318B
YoY Change 32.32% 30.86%
LONG-TERM LIABILITIES
Long-Term Debt $412.9M $573.6M
YoY Change -28.02% 2.02%
Other Long-Term Liabilities $61.64M $67.06M
YoY Change -8.09% 213.18%
Total Long-Term Liabilities $474.5M $640.7M
YoY Change -25.94% 9.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.744B $1.318B
Total Long-Term Liabilities $474.5M $640.7M
Total Liabilities $2.526B $2.028B
YoY Change 24.54% 23.37%
SHAREHOLDERS EQUITY
Retained Earnings $704.3M $463.4M
YoY Change 52.01% 50.33%
Common Stock $1.144B $1.080B
YoY Change 5.95% 2.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $393.3M $343.4M
YoY Change 14.53% 57.92%
Treasury Stock Shares 8.086M shares 7.515M shares
Shareholders Equity $1.288B $1.128B
YoY Change
Total Liabilities & Shareholders Equity $3.814B $3.157B
YoY Change 20.8% 21.54%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $34.54M $26.41M
YoY Change 30.78% -6.08%
Depreciation, Depletion And Amortization $26.64M $26.00M
YoY Change 2.45% 20.17%
Cash From Operating Activities $12.96M $27.83M
YoY Change -53.42% -60.7%
INVESTING ACTIVITIES
Capital Expenditures $31.39M $24.42M
YoY Change 28.57% 7.75%
Acquisitions $0.00 $7.257M
YoY Change -100.0%
Other Investing Activities -$187.0K -$201.0K
YoY Change -6.97% -22.39%
Cash From Investing Activities -$32.99M -$33.28M
YoY Change -0.88% 39.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.275M $126.6M
YoY Change -98.2% 5685.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $192.7M $41.90M
YoY Change 359.95% -758.64%
NET CHANGE
Cash From Operating Activities $12.96M $27.83M
Cash From Investing Activities -$32.99M -$33.28M
Cash From Financing Activities $192.7M $41.90M
Net Change In Cash $160.3M $36.45M
YoY Change 339.81% -10.08%
FREE CASH FLOW
Cash From Operating Activities $12.96M $27.83M
Capital Expenditures $31.39M $24.42M
Free Cash Flow -$18.43M $3.413M
YoY Change -639.96% -92.91%

Facts In Submission

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CY2019Q1 us-gaap Preferred Stock Shares Issued
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CY2018Q4 us-gaap Preferred Stock Value
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CY2019Q1 us-gaap Preferred Stock Value
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CY2019Q1 us-gaap Repayments Of Convertible Debt
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CY2018Q1 us-gaap Repayments Of Lines Of Credit
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CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2019Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2018Q4 us-gaap Treasury Stock Shares
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125000000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
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CY2019Q1 us-gaap Variable Lease Cost
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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51880534 shares

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