2020 Q2 Form 10-Q Financial Statement

#000156459020034912 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.376B $1.507B
YoY Change -8.72% 5.47%
Cost Of Revenue $892.9M $969.6M
YoY Change -7.91% 7.15%
Gross Profit $482.9M $537.6M
YoY Change -10.17% 2.58%
Gross Profit Margin 35.1% 35.67%
Selling, General & Admin $276.2M $320.6M
YoY Change -13.85% 1.3%
% of Gross Profit 57.2% 59.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.10M $38.20M
YoY Change 4.97% 0.79%
% of Gross Profit 8.3% 7.11%
Operating Expenses $286.5M $320.6M
YoY Change -10.64% 1.3%
Operating Profit $173.0M $202.4M
YoY Change -14.53% 7.32%
Interest Expense -$22.20M $24.50M
YoY Change -190.61% 40.8%
% of Operating Profit -12.83% 12.1%
Other Income/Expense, Net $5.200M $700.0K
YoY Change 642.86% -79.41%
Pretax Income $156.0M $178.6M
YoY Change -12.65% 2.29%
Income Tax $37.80M $41.50M
% Of Pretax Income 24.23% 23.24%
Net Earnings $115.8M $137.5M
YoY Change -15.78% 6.1%
Net Earnings / Revenue 8.42% 9.12%
Basic Earnings Per Share $0.84 $0.98
Diluted Earnings Per Share $0.83 $0.97
COMMON SHARES
Basic Shares Outstanding 138.0M 139.9M
Diluted Shares Outstanding 138.8M 141.3M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $398.4M $276.3M
YoY Change 44.19% -20.03%
Cash & Equivalents $398.4M $276.3M
Short-Term Investments
Other Short-Term Assets $168.9M $192.5M
YoY Change -12.26% 9.69%
Inventory $732.3M $741.9M
Prepaid Expenses
Receivables $657.7M $706.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.957B $1.917B
YoY Change 2.11% 6.17%
LONG-TERM ASSETS
Property, Plant & Equipment $794.2M $804.9M
YoY Change -1.33% 9.12%
Goodwill $2.081B $2.086B
YoY Change -0.21% 8.82%
Intangibles $1.118B $1.229B
YoY Change -9.05% 7.92%
Long-Term Investments
YoY Change
Other Assets $217.1M $133.5M
YoY Change 62.62% 35.81%
Total Long-Term Assets $4.375B $4.427B
YoY Change -1.16% 13.74%
TOTAL ASSETS
Total Short-Term Assets $1.957B $1.917B
Total Long-Term Assets $4.375B $4.427B
Total Assets $6.332B $6.343B
YoY Change -0.17% 11.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $463.9M $476.6M
YoY Change -2.66% 11.17%
Accrued Expenses $33.30M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $749.3M
YoY Change -100.0% 114.09%
Long-Term Debt Due $0.00 $749.3M
YoY Change -100.0% 114.09%
Total Short-Term Liabilities $952.8M $1.695B
YoY Change -43.79% 37.77%
LONG-TERM LIABILITIES
Long-Term Debt $2.246B $1.666B
YoY Change 34.81% -7.1%
Other Long-Term Liabilities $183.4M $161.2M
YoY Change 13.77% -6.17%
Total Long-Term Liabilities $2.429B $1.827B
YoY Change 32.95% -7.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $952.8M $1.695B
Total Long-Term Liabilities $2.429B $1.827B
Total Liabilities $3.869B $3.999B
YoY Change -3.24% 13.52%
SHAREHOLDERS EQUITY
Retained Earnings $1.955B $1.648B
YoY Change 18.6% 22.04%
Common Stock $2.855B $2.788B
YoY Change 2.38% 1.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.237B $2.029B
YoY Change 10.27% 8.06%
Treasury Stock Shares
Shareholders Equity $2.462B $2.344B
YoY Change
Total Liabilities & Shareholders Equity $6.332B $6.343B
YoY Change -0.17% 11.34%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $115.8M $137.5M
YoY Change -15.78% 6.1%
Depreciation, Depletion And Amortization $40.10M $38.20M
YoY Change 4.97% 0.79%
Cash From Operating Activities $274.3M $201.7M
YoY Change 35.99% 6.61%
INVESTING ACTIVITIES
Capital Expenditures -$15.40M -$27.70M
YoY Change -44.4% -6.42%
Acquisitions
YoY Change
Other Investing Activities -$7.800M $2.200M
YoY Change -454.55%
Cash From Investing Activities -$23.20M -$25.50M
YoY Change -9.02% -13.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -219.5M -182.4M
YoY Change 20.34% 254.86%
NET CHANGE
Cash From Operating Activities 274.3M 201.7M
Cash From Investing Activities -23.20M -25.50M
Cash From Financing Activities -219.5M -182.4M
Net Change In Cash 31.60M -6.200M
YoY Change -609.68% -105.73%
FREE CASH FLOW
Cash From Operating Activities $274.3M $201.7M
Capital Expenditures -$15.40M -$27.70M
Free Cash Flow $289.7M $229.4M
YoY Change 26.29% 4.84%

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