2019 Q1 Form 10-Q Financial Statement

#000003872519000118 Filed on April 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $290.7M $295.6M
YoY Change -1.67% 34.19%
Cost Of Revenue $201.2M $196.6M
YoY Change 2.32% 36.15%
Gross Profit $89.51M $99.00M
YoY Change -9.59% 30.61%
Gross Profit Margin 30.79% 33.49%
Selling, General & Admin $76.30M $76.28M
YoY Change 0.03% 33.83%
% of Gross Profit 85.24% 77.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.268M $9.896M
YoY Change -6.35% 10.89%
% of Gross Profit 10.35% 10.0%
Operating Expenses $76.30M $76.28M
YoY Change 0.03% 33.83%
Operating Profit $12.10M $22.70M
YoY Change -46.7% 22.67%
Interest Expense $2.342M $2.428M
YoY Change -3.54% -30.9%
% of Operating Profit 19.36% 10.7%
Other Income/Expense, Net $239.0K -$204.0K
YoY Change -217.16% -130.36%
Pretax Income $10.61M $19.52M
YoY Change -45.65% 20.94%
Income Tax $1.480M -$1.698M
% Of Pretax Income 13.95% -8.7%
Net Earnings $9.100M $21.20M
YoY Change -57.08% 35.03%
Net Earnings / Revenue 3.13% 7.17%
Basic Earnings Per Share $0.19 $0.45
Diluted Earnings Per Share $0.19 $0.45
COMMON SHARES
Basic Shares Outstanding 46.30M shares 46.60M shares
Diluted Shares Outstanding 46.70M shares 47.10M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.40M $67.40M
YoY Change -19.29% -4.67%
Cash & Equivalents $54.36M $67.37M
Short-Term Investments
Other Short-Term Assets $34.12M $38.39M
YoY Change -11.14% 13.58%
Inventory $336.6M $343.3M
Prepaid Expenses
Receivables $180.6M $192.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $605.7M $641.9M
YoY Change -5.63% 29.7%
LONG-TERM ASSETS
Property, Plant & Equipment $202.6M $217.4M
YoY Change -6.8% 10.11%
Goodwill $249.9M $239.0M
YoY Change 4.56% 19.26%
Intangibles $132.8M $129.9M
YoY Change 2.23% -2.81%
Long-Term Investments
YoY Change
Other Assets $3.221M $3.315M
YoY Change -2.84% -84.77%
Total Long-Term Assets $623.1M $598.8M
YoY Change 4.06% 6.85%
TOTAL ASSETS
Total Short-Term Assets $605.7M $641.9M
Total Long-Term Assets $623.1M $598.8M
Total Assets $1.229B $1.241B
YoY Change -0.96% 17.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.40M $84.83M
YoY Change 7.74% 22.87%
Accrued Expenses $59.00M $48.20M
YoY Change 22.41% 10.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $132.0M $152.9M
YoY Change -13.67% 352.37%
Total Short-Term Liabilities $284.1M $288.7M
YoY Change -1.6% 93.13%
LONG-TERM LIABILITIES
Long-Term Debt $93.80M $125.1M
YoY Change -25.02% -19.91%
Other Long-Term Liabilities $19.83M $18.49M
YoY Change 7.25% 0.64%
Total Long-Term Liabilities $19.83M $18.49M
YoY Change 7.25% 0.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $284.1M $288.7M
Total Long-Term Liabilities $19.83M $18.49M
Total Liabilities $303.9M $307.2M
YoY Change -1.07% 83.01%
SHAREHOLDERS EQUITY
Retained Earnings $652.7M $613.1M
YoY Change 6.46% 9.42%
Common Stock $266.6M $248.7M
YoY Change 7.19% 5.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $734.1M $720.4M
YoY Change
Total Liabilities & Shareholders Equity $1.229B $1.241B
YoY Change -0.96% 17.57%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $9.100M $21.20M
YoY Change -57.08% 35.03%
Depreciation, Depletion And Amortization $9.268M $9.896M
YoY Change -6.35% 10.89%
Cash From Operating Activities -$2.935M -$27.18M
YoY Change -89.2% 10.63%
INVESTING ACTIVITIES
Capital Expenditures $5.220M $5.921M
YoY Change -11.84% 20.64%
Acquisitions $5.405M $8.428M
YoY Change -35.87%
Other Investing Activities -$3.000K $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.56M -$14.14M
YoY Change -25.34% 189.72%
FINANCING ACTIVITIES
Cash Dividend Paid $6.723M $5.037M
YoY Change 33.47% 7.9%
Common Stock Issuance & Retirement, Net $3.078M $7.307M
YoY Change -57.88% 3871.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $9.868M $39.66M
YoY Change -75.12% -846.67%
NET CHANGE
Cash From Operating Activities -$2.935M -$27.18M
Cash From Investing Activities -$10.56M -$14.14M
Cash From Financing Activities $9.868M $39.66M
Net Change In Cash -$4.809M -$1.662M
YoY Change 189.35% -95.22%
FREE CASH FLOW
Cash From Operating Activities -$2.935M -$27.18M
Capital Expenditures $5.220M $5.921M
Free Cash Flow -$8.155M -$33.11M
YoY Change -75.37% 12.3%

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5700000 USD

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