2018 Q1 Form 10-Q Financial Statement

#000109980018000012 Filed on April 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $894.8M $883.5M
YoY Change 1.28% 26.7%
Cost Of Revenue $233.6M $215.6M
YoY Change 8.35% 19.58%
Gross Profit $661.2M $667.9M
YoY Change -1.0% 29.19%
Gross Profit Margin 73.89% 75.6%
Selling, General & Admin $256.0M $229.6M
YoY Change 11.5% 7.95%
% of Gross Profit 38.72% 34.38%
Research & Development $143.2M $128.7M
YoY Change 11.27% 26.42%
% of Gross Profit 21.66% 19.27%
Depreciation & Amortization $19.10M $21.10M
YoY Change -9.48% 32.7%
% of Gross Profit 2.89% 3.16%
Operating Expenses $399.2M $358.3M
YoY Change 11.42% 13.93%
Operating Profit $252.5M $298.3M
YoY Change -15.35% 47.31%
Interest Expense -$4.800M $2.400M
YoY Change -300.0% 0.0%
% of Operating Profit -1.9% 0.8%
Other Income/Expense, Net $3.100M -$2.300M
YoY Change -234.78% -42.5%
Pretax Income $263.5M $293.6M
YoY Change -10.25% 60.17%
Income Tax $56.90M $63.40M
% Of Pretax Income 21.59% 21.59%
Net Earnings $206.6M $230.2M
YoY Change -10.25% 60.98%
Net Earnings / Revenue 23.09% 26.06%
Basic Earnings Per Share $0.98 $1.09
Diluted Earnings Per Share $0.96 $1.06
COMMON SHARES
Basic Shares Outstanding 210.2M shares 211.2M shares
Diluted Shares Outstanding 215.1M shares 216.4M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.499B $918.2M
YoY Change 63.29% -3.53%
Cash & Equivalents $1.227B $819.3M
Short-Term Investments $272.3M $98.90M
Other Short-Term Assets $118.9M $105.6M
YoY Change 12.59% 43.48%
Inventory $573.9M $431.4M
Prepaid Expenses $78.00M $53.00M
Receivables $406.6M $510.2M
Other Receivables $40.20M $0.00
Total Short-Term Assets $2.717B $2.018B
YoY Change 34.61% 10.94%
LONG-TERM ASSETS
Property, Plant & Equipment $711.6M $588.8M
YoY Change 20.86% 18.4%
Goodwill $1.145B $945.2M
YoY Change 21.12% 49.82%
Intangibles $480.5M $402.1M
YoY Change 19.5% 97.4%
Long-Term Investments $4.300M $4.600M
YoY Change -6.52% -33.33%
Other Assets $57.80M $127.8M
YoY Change -54.77% -2.52%
Total Long-Term Assets $3.108B $2.762B
YoY Change 12.53% 35.76%
TOTAL ASSETS
Total Short-Term Assets $2.717B $2.018B
Total Long-Term Assets $3.108B $2.762B
Total Assets $5.825B $4.780B
YoY Change 21.85% 24.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.2M $93.00M
YoY Change 30.32% 18.32%
Accrued Expenses $385.3M $347.0M
YoY Change 11.04% 11.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $598.6M
YoY Change
Total Short-Term Liabilities $1.315B $584.8M
YoY Change 124.78% 27.6%
LONG-TERM LIABILITIES
Long-Term Debt $456.0M $847.9M
YoY Change -46.22% 40.8%
Other Long-Term Liabilities $321.8M $409.4M
YoY Change -21.4% -17.13%
Total Long-Term Liabilities $777.8M $1.257B
YoY Change -38.14% 14.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.315B $584.8M
Total Long-Term Liabilities $777.8M $1.257B
Total Liabilities $2.092B $2.038B
YoY Change 2.68% 31.08%
SHAREHOLDERS EQUITY
Retained Earnings $2.179B $4.146B
YoY Change -47.44% 19.14%
Common Stock $1.442B $1.451B
YoY Change -0.6% 23.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $254.2M $2.672B
YoY Change -90.49% 22.53%
Treasury Stock Shares 2.300M shares 32.80M shares
Shareholders Equity $3.246B $2.743B
YoY Change
Total Liabilities & Shareholders Equity $5.825B $4.780B
YoY Change 21.85% 24.04%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $206.6M $230.2M
YoY Change -10.25% 60.98%
Depreciation, Depletion And Amortization $19.10M $21.10M
YoY Change -9.48% 32.7%
Cash From Operating Activities $151.3M $128.3M
YoY Change 17.93% 19.79%
INVESTING ACTIVITIES
Capital Expenditures $43.20M $15.90M
YoY Change 171.7% -42.6%
Acquisitions $0.00 $82.00M
YoY Change -100.0%
Other Investing Activities -$600.0K -$600.0K
YoY Change 0.0% -85.71%
Cash From Investing Activities $220.3M $151.2M
YoY Change 45.7% 219.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.100M $437.4M
YoY Change -99.52% 27.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $40.90M -$391.3M
YoY Change -110.45% 6.01%
NET CHANGE
Cash From Operating Activities $151.3M $128.3M
Cash From Investing Activities $220.3M $151.2M
Cash From Financing Activities $40.90M -$391.3M
Net Change In Cash $412.5M -$111.8M
YoY Change -468.96% -47.93%
FREE CASH FLOW
Cash From Operating Activities $151.3M $128.3M
Capital Expenditures $43.20M $15.90M
Free Cash Flow $108.1M $112.4M
YoY Change -3.83% 41.56%

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