2018 Q4 Form 10-Q Financial Statement

#000109980018000029 Filed on October 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $977.7M $906.6M $888.5M
YoY Change 10.04% 10.36% 15.74%
Cost Of Revenue $234.7M $224.9M $235.3M
YoY Change -0.25% 5.44% 10.37%
Gross Profit $743.0M $681.7M $653.2M
YoY Change 13.75% 12.08% 17.8%
Gross Profit Margin 75.99% 75.19% 73.52%
Selling, General & Admin $288.1M $269.5M $267.6M
YoY Change 7.66% 10.18% 14.55%
% of Gross Profit 38.78% 39.53% 40.97%
Research & Development $163.1M $161.8M $146.6M
YoY Change 11.26% 13.23% 27.59%
% of Gross Profit 21.95% 23.73% 22.44%
Depreciation & Amortization $19.90M $19.20M $21.20M
YoY Change -6.13% -7.25% 10.99%
% of Gross Profit 2.68% 2.82% 3.25%
Operating Expenses $437.2M $431.3M $414.8M
YoY Change 5.4% 11.3% 19.16%
Operating Profit $305.8M $248.9M $238.4M
YoY Change 28.27% 16.31% 15.5%
Interest Expense $6.400M $6.000M -$900.0K
YoY Change -811.11% 5900.0% -25.0%
% of Operating Profit 2.09% 2.41% -0.38%
Other Income/Expense, Net -$2.900M $300.0K
YoY Change -118.75%
Pretax Income -$1.800M $248.7M $323.9M
YoY Change -100.56% 17.42% 61.63%
Income Tax -$54.80M $22.80M $32.60M
% Of Pretax Income 9.17% 10.06%
Net Earnings $7.000M $225.9M -$2.800M
YoY Change -350.0% 32.8% -101.77%
Net Earnings / Revenue 0.72% 24.92% -0.32%
Basic Earnings Per Share $0.03 $1.08 -$0.01
Diluted Earnings Per Share $0.03 $1.06 -$0.01
COMMON SHARES
Basic Shares Outstanding 209.0M shares 209.0M shares 211.6M shares
Diluted Shares Outstanding 213.2M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $956.5M $1.596B $1.338B
YoY Change -28.49% 13.75% 5.22%
Cash & Equivalents $714.1M $1.261B $818.3M
Short-Term Investments $242.4M $334.4M $519.2M
Other Short-Term Assets $131.8M $150.4M $116.9M
YoY Change 12.75% 54.41% 4.56%
Inventory $607.0M $583.8M $554.9M
Prepaid Expenses $54.30M $52.60M $60.60M
Receivables $456.9M $423.8M $438.7M
Other Receivables $80.40M $106.3M $40.60M
Total Short-Term Assets $2.287B $2.913B $2.549B
YoY Change -10.29% 13.49% 13.8%
LONG-TERM ASSETS
Property, Plant & Equipment $867.5M $826.1M $679.7M
YoY Change 27.63% 27.17% 17.19%
Goodwill $1.112B $1.122B $1.127B
YoY Change -1.27% 14.46% 79.92%
Intangibles $343.2M $467.9M $468.0M
YoY Change -26.67% 12.77% 128.52%
Long-Term Investments $4.400M $4.400M $4.100M
YoY Change 7.32% 4.76% -26.79%
Other Assets $33.60M $35.20M $108.9M
YoY Change -69.15% -68.68% -11.61%
Total Long-Term Assets $3.037B $3.046B $3.117B
YoY Change -2.58% 4.23% 37.32%
TOTAL ASSETS
Total Short-Term Assets $2.287B $2.913B $2.549B
Total Long-Term Assets $3.037B $3.046B $3.117B
Total Assets $5.324B $5.958B $5.666B
YoY Change -6.05% 8.56% 25.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.0M $134.0M $116.6M
YoY Change 14.92% 18.17% 20.08%
Accrued Expenses $510.2M $494.7M $516.1M
YoY Change -1.14% 4.68% 23.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $599.9M $598.0M
YoY Change -100.0%
Total Short-Term Liabilities $876.6M $1.261B $1.420B
YoY Change -38.27% 71.53% 166.67%
LONG-TERM LIABILITIES
Long-Term Debt $593.8M $593.6M $438.4M
YoY Change 35.45% -42.59% -46.69%
Other Long-Term Liabilities $150.0M $285.1M $147.1M
YoY Change 1.97% -31.5% 27.58%
Total Long-Term Liabilities $743.8M $878.7M $585.5M
YoY Change 27.04% -39.41% -37.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $876.6M $1.261B $1.420B
Total Long-Term Liabilities $743.8M $878.7M $585.5M
Total Liabilities $1.620B $2.140B $2.006B
YoY Change -19.2% -2.09% 36.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.695B $2.688B $1.962B
YoY Change 37.34% 36.79% -49.77%
Common Stock $1.600B $1.556B $1.379B
YoY Change 16.01% 16.02% -2.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.015B $743.4M $252.1M
YoY Change 302.78% 92825.0% -89.91%
Treasury Stock Shares 7.500M shares 5.700M shares 2.300M shares
Shareholders Equity $3.140B $3.361B $2.956B
YoY Change
Total Liabilities & Shareholders Equity $5.324B $5.958B $5.666B
YoY Change -6.05% 8.56% 25.64%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $7.000M $225.9M -$2.800M
YoY Change -350.0% 32.8% -101.77%
Depreciation, Depletion And Amortization $19.90M $19.20M $21.20M
YoY Change -6.13% -7.25% 10.99%
Cash From Operating Activities $293.0M $342.3M $363.9M
YoY Change -19.48% 10.14% 80.95%
INVESTING ACTIVITIES
Capital Expenditures -$60.60M -$82.10M -$51.90M
YoY Change 16.76% 89.61% -17.88%
Acquisitions
YoY Change
Other Investing Activities $66.30M -$172.1M $101.2M
YoY Change -34.49% 3.55% -29.43%
Cash From Investing Activities $5.700M -$254.2M $49.30M
YoY Change -88.44% 21.34% -38.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -844.7M -56.70M -229.0M
YoY Change 268.86% -379.31% -4590.2%
NET CHANGE
Cash From Operating Activities 293.0M 342.3M 363.9M
Cash From Investing Activities 5.700M -254.2M 49.30M
Cash From Financing Activities -844.7M -56.70M -229.0M
Net Change In Cash -546.0M 31.40M 184.2M
YoY Change -396.42% -74.18% -35.68%
FREE CASH FLOW
Cash From Operating Activities $293.0M $342.3M $363.9M
Capital Expenditures -$60.60M -$82.10M -$51.90M
Free Cash Flow $353.6M $424.4M $415.8M
YoY Change -14.96% 19.85% 57.32%

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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2017Q3 us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Deferred Income Taxes
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14800000 USD
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us-gaap Payment For Contingent Consideration Liability Financing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments To Acquire Property Plant And Equipment
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812800000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
524100000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
142900000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
406000000 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
161800000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
459100000 USD
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
9700000 USD
us-gaap Restructuring Charges
RestructuringCharges
9700000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2017Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
8200000 USD
CY2018Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
300000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1962100000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2687700000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
821500000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2546800000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
906600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2745100000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
244600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
718000000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
269500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
800400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
46300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
55000000 USD
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
519200000 USD
CY2018Q3 us-gaap Short Term Investments
ShortTermInvestments
334400000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
34300000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
266500000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2956200000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
3361300000 USD
CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
347500000 USD
CY2018Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
264500000 USD
us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
2746200000 USD
us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2300000 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
5700000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
252100000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
743400000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
225600000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
152500000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
131600000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
86600000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216100000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
214100000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209500000 shares

Files In Submission

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0001099800-18-000029.txt Edgar Link pending
0001099800-18-000029-xbrl.zip Edgar Link pending
ew-20180930.xml Edgar Link completed
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ew-20180930_cal.xml Edgar Link unprocessable
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ew-20180930_lab.xml Edgar Link unprocessable
ew-20180930_pre.xml Edgar Link unprocessable
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