2018 Q4 Form 10-Q Financial Statement

#000003318518000041 Filed on October 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $835.3M $834.2M $838.5M
YoY Change -0.38% -0.07% 4.67%
Cost Of Revenue $372.2M $376.7M $318.8M
YoY Change 16.75% 26.71% 11.35%
Gross Profit $463.1M $457.5M $519.6M
YoY Change -10.87% -14.88% 0.93%
Gross Profit Margin 55.44% 54.84% 61.97%
Selling, General & Admin $337.9M $317.5M $255.2M
YoY Change 32.41% 2.29% 8.92%
% of Gross Profit 72.96% 69.4% 49.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.60M $77.80M $74.20M
YoY Change 8.63% 6.28% 1.23%
% of Gross Profit 17.4% 17.01% 14.28%
Operating Expenses $417.0M $317.5M $328.8M
YoY Change 26.82% 2.29% 7.73%
Operating Profit $46.10M $64.10M $192.6M
YoY Change -76.06% -58.56% -5.54%
Interest Expense -$26.50M $26.70M -$22.70M
YoY Change 16.74% 24.77% -5.81%
% of Operating Profit -57.48% 41.65% -11.79%
Other Income/Expense, Net $5.400M $1.300M $4.200M
YoY Change 28.57% -51.85% 50.0%
Pretax Income $25.00M $38.70M $172.3M
YoY Change -85.49% -71.54% -5.64%
Income Tax -$1.700M -$900.0K $46.10M
% Of Pretax Income -6.8% -2.33% 26.76%
Net Earnings $25.60M $38.40M $172.3M
YoY Change -85.14% -60.12% 40.08%
Net Earnings / Revenue 3.06% 4.6% 20.55%
Basic Earnings Per Share $0.21 $0.32 $1.44
Diluted Earnings Per Share $0.21 $0.32 $1.42
COMMON SHARES
Basic Shares Outstanding 120.6M shares 120.5M shares 120.1M shares
Diluted Shares Outstanding 121.6M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $223.6M $253.4M $336.4M
YoY Change -33.53% -19.66% 160.17%
Cash & Equivalents $223.6M $253.4M $336.4M
Short-Term Investments
Other Short-Term Assets $109.6M $75.60M $122.9M
YoY Change -10.82% 55.24% 145.31%
Inventory
Prepaid Expenses $100.0M $90.60M $94.30M
Receivables $469.1M $467.9M $444.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $902.3M $887.5M $998.4M
YoY Change -9.63% -1.31% 48.37%
LONG-TERM ASSETS
Property, Plant & Equipment $764.8M $695.2M $567.0M
YoY Change 34.89% 31.49% 21.44%
Goodwill $4.130B $4.163B $4.184B
YoY Change -1.3% -0.37% 5.28%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $162.4M $160.8M $142.0M
YoY Change 14.37% 16.95% 8.15%
Total Long-Term Assets $6.251B $6.247B $6.235B
YoY Change 0.26% 0.48% 4.07%
TOTAL ASSETS
Total Short-Term Assets $902.3M $887.5M $998.4M
Total Long-Term Assets $6.251B $6.247B $6.235B
Total Assets $7.153B $7.134B $7.233B
YoY Change -1.11% 0.26% 8.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.7M $139.6M $110.3M
YoY Change 59.29% 69.21% 36.17%
Accrued Expenses $213.2M $179.8M $160.9M
YoY Change 32.5% 32.5% 7.77%
Deferred Revenue $98.00M $104.9M $108.4M
YoY Change -9.59%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.900M $3.100M $965.3M
YoY Change -99.49% -99.54% 64.9%
Total Short-Term Liabilities $826.8M $744.2M $1.674B
YoY Change -50.59% -44.31% 32.86%
LONG-TERM LIABILITIES
Long-Term Debt $2.631B $2.629B $1.739B
YoY Change 51.27% 28.97% -16.67%
Other Long-Term Liabilities $84.60M $84.60M $101.0M
YoY Change -16.24% -11.78% 16.76%
Total Long-Term Liabilities $2.715B $2.714B $1.840B
YoY Change 47.57% 27.14% -15.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $826.8M $744.2M $1.674B
Total Long-Term Liabilities $2.715B $2.714B $1.840B
Total Liabilities $3.998B $3.893B $3.994B
YoY Change 0.08% -1.46% 1.31%
SHAREHOLDERS EQUITY
Retained Earnings $4.718B $4.740B $4.601B
YoY Change 2.55% 7.13% 10.77%
Common Stock $1.593B $1.584B $1.569B
YoY Change 1.52% 0.79% 1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.571B $2.572B $2.578B
YoY Change -0.26% -0.23% 2.87%
Treasury Stock Shares 68.10M shares 68.10M shares 68.60M shares
Shareholders Equity $3.108B $3.185B $3.174B
YoY Change
Total Liabilities & Shareholders Equity $7.153B $7.134B $7.233B
YoY Change -1.11% 0.26% 8.54%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $25.60M $38.40M $172.3M
YoY Change -85.14% -60.12% 40.08%
Depreciation, Depletion And Amortization $80.60M $77.80M $74.20M
YoY Change 8.63% 6.28% 1.23%
Cash From Operating Activities $164.8M $152.6M $207.3M
YoY Change -20.5% -45.42% -25.65%
INVESTING ACTIVITIES
Capital Expenditures -$113.8M -$89.40M -$60.70M
YoY Change 87.48% 55.21% 42.82%
Acquisitions
YoY Change
Other Investing Activities -$22.50M -$86.40M -$62.60M
YoY Change -64.06% 27.62% -7925.0%
Cash From Investing Activities -$136.3M -$175.8M -$123.3M
YoY Change 10.54% 40.3% 195.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -55.00M -51.00M -60.90M
YoY Change -9.69% -79.36% -71.33%
NET CHANGE
Cash From Operating Activities 164.8M 152.6M 207.3M
Cash From Investing Activities -136.3M -175.8M -123.3M
Cash From Financing Activities -55.00M -51.00M -60.90M
Net Change In Cash -26.50M -74.20M 23.10M
YoY Change -214.72% -20.04% -6.48%
FREE CASH FLOW
Cash From Operating Activities $164.8M $152.6M $207.3M
Capital Expenditures -$113.8M -$89.40M -$60.70M
Free Cash Flow $278.6M $242.0M $268.0M
YoY Change 3.96% -28.23% -16.59%

Facts In Submission

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