2019 Q3 Form 10-Q Financial Statement

#000156459019039139 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $1.459B $1.381B
YoY Change 5.66% 2.39%
Cost Of Revenue $934.8M $886.9M
YoY Change 5.4% 5.17%
Gross Profit $524.2M $493.9M
YoY Change 6.13% -2.26%
Gross Profit Margin 35.93% 35.77%
Selling, General & Admin $311.3M $305.1M
YoY Change 2.03% 2.42%
% of Gross Profit 59.39% 61.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.70M $37.50M
YoY Change -2.13% 16.1%
% of Gross Profit 7.0% 7.59%
Operating Expenses $321.2M $305.1M
YoY Change 5.28% 2.42%
Operating Profit $168.0M $147.1M
YoY Change 14.21% -26.27%
Interest Expense $23.60M $19.00M
YoY Change 24.21% 54.47%
% of Operating Profit 14.05% 12.92%
Other Income/Expense, Net $300.0K $9.600M
YoY Change -96.88% 336.36%
Pretax Income $144.7M $137.7M
YoY Change 5.08% -27.3%
Income Tax $39.00M $37.80M
% Of Pretax Income 26.95% 27.45%
Net Earnings $105.6M $99.80M
YoY Change 5.81% -22.93%
Net Earnings / Revenue 7.24% 7.23%
Basic Earnings Per Share $0.76 $0.70
Diluted Earnings Per Share $0.75 $0.69
COMMON SHARES
Basic Shares Outstanding 139.5M 142.4M
Diluted Shares Outstanding 140.9M 144.2M

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $336.2M $389.9M
YoY Change -13.77% 40.71%
Cash & Equivalents $336.2M $389.9M
Short-Term Investments
Other Short-Term Assets $171.6M $180.6M
YoY Change -4.98% 42.88%
Inventory $758.8M $684.3M
Prepaid Expenses
Receivables $640.1M $635.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.907B $1.890B
YoY Change 0.87% 18.26%
LONG-TERM ASSETS
Property, Plant & Equipment $800.4M $776.3M
YoY Change 3.1% 12.41%
Goodwill $2.085B $2.063B
YoY Change 1.05% 11.36%
Intangibles $1.186B $1.334B
YoY Change -11.07% 20.66%
Long-Term Investments
YoY Change
Other Assets $141.7M $106.1M
YoY Change 33.55% 3.82%
Total Long-Term Assets $4.379B $4.280B
YoY Change 2.32% 14.09%
TOTAL ASSETS
Total Short-Term Assets $1.907B $1.890B
Total Long-Term Assets $4.379B $4.280B
Total Assets $6.286B $6.170B
YoY Change 1.88% 15.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $436.5M $437.7M
YoY Change -0.27% 11.52%
Accrued Expenses $33.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $399.5M $525.0M
YoY Change -23.9%
Long-Term Debt Due $399.5M $525.0M
YoY Change -23.9%
Total Short-Term Liabilities $1.377B $1.452B
YoY Change -5.17% 70.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.949B $1.988B
YoY Change -1.98% 35.99%
Other Long-Term Liabilities $168.9M $184.8M
YoY Change -8.6% 45.05%
Total Long-Term Liabilities $2.118B $2.173B
YoY Change -2.54% 36.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.377B $1.452B
Total Long-Term Liabilities $2.118B $2.173B
Total Liabilities $3.949B $3.936B
YoY Change 0.33% 40.4%
SHAREHOLDERS EQUITY
Retained Earnings $1.693B $1.393B
YoY Change 21.47% 29.44%
Common Stock $2.798B $2.763B
YoY Change 1.27% 1.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.079B $1.878B
YoY Change 10.69% 53.89%
Treasury Stock Shares
Shareholders Equity $2.335B $2.232B
YoY Change
Total Liabilities & Shareholders Equity $6.286B $6.170B
YoY Change 1.88% 15.34%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $105.6M $99.80M
YoY Change 5.81% -22.93%
Depreciation, Depletion And Amortization $36.70M $37.50M
YoY Change -2.13% 16.1%
Cash From Operating Activities $241.8M $206.4M
YoY Change 17.15% 13.78%
INVESTING ACTIVITIES
Capital Expenditures -$27.50M -$39.30M
YoY Change -30.03% 9.17%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$456.8M
YoY Change -100.04% 2291.62%
Cash From Investing Activities -$27.30M -$496.1M
YoY Change -94.5% 800.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -148.9M 342.6M
YoY Change -143.46% -416.34%
NET CHANGE
Cash From Operating Activities 241.8M 206.4M
Cash From Investing Activities -27.30M -496.1M
Cash From Financing Activities -148.9M 342.6M
Net Change In Cash 65.60M 52.90M
YoY Change 24.01% 193.89%
FREE CASH FLOW
Cash From Operating Activities $241.8M $206.4M
Capital Expenditures -$27.50M -$39.30M
Free Cash Flow $269.3M $245.7M
YoY Change 9.61% 13.02%

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