2019 Q1 Form 10-Q Financial Statement

#000162828019005625 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $4.134B $3.445B
YoY Change 19.97% -28.75%
Cost Of Revenue $4.071B $3.483B
YoY Change 16.87% -25.66%
Gross Profit $62.70M -$37.86M
YoY Change -265.62% -125.24%
Gross Profit Margin 1.52% -1.1%
Selling, General & Admin $58.60M $57.30M
YoY Change 2.27% 19.38%
% of Gross Profit 93.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.26M $51.91M
YoY Change -12.8% -6.98%
% of Gross Profit 72.19%
Operating Expenses $58.60M $57.20M
YoY Change 2.45% 19.17%
Operating Profit $4.100M -$95.06M
YoY Change -104.31% -193.19%
Interest Expense $18.63M $17.11M
YoY Change 8.88% -298.97%
% of Operating Profit 454.39%
Other Income/Expense, Net
YoY Change
Pretax Income -$29.00M -$106.7M
YoY Change -72.81% -214.2%
Income Tax $15.26M -$18.92M
% Of Pretax Income
Net Earnings -$68.90M -$26.29M
YoY Change 162.13% -133.96%
Net Earnings / Revenue -1.67% -0.76%
Basic Earnings Per Share -$0.49 -$0.19
Diluted Earnings Per Share -$0.49 -$0.19
COMMON SHARES
Basic Shares Outstanding 139.8M shares 140.1M shares
Diluted Shares Outstanding 139.8M shares 140.1M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.905B $1.829B
YoY Change 4.16% -10.48%
Cash & Equivalents $1.806B $1.686B
Short-Term Investments $98.70M $142.5M
Other Short-Term Assets $291.3M $499.1M
YoY Change -41.64% 3.53%
Inventory
Prepaid Expenses
Receivables $2.969B $3.285B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.188B $5.708B
YoY Change -9.1% 2.65%
LONG-TERM ASSETS
Property, Plant & Equipment $717.7M $776.5M
YoY Change -7.56% -25.16%
Goodwill $467.9M $514.5M
YoY Change -9.06%
Intangibles
YoY Change
Long-Term Investments $919.0M $898.7M
YoY Change 2.26% -1.38%
Other Assets $603.7M $367.5M
YoY Change 64.28% -66.76%
Total Long-Term Assets $3.834B $3.761B
YoY Change 1.95% 4.46%
TOTAL ASSETS
Total Short-Term Assets $5.188B $5.708B
Total Long-Term Assets $3.834B $3.761B
Total Assets $9.022B $9.469B
YoY Change -4.71% 3.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.318B $1.190B
YoY Change 10.74% -27.61%
Accrued Expenses $1.069B $1.114B
YoY Change -4.05% -9.04%
Deferred Revenue $934.8M $1.276B
YoY Change -26.74%
Short-Term Debt $35.16M $28.81M
YoY Change 22.03%
Long-Term Debt Due $36.90M $28.80M
YoY Change 28.13% -29.58%
Total Short-Term Liabilities $3.648B $4.207B
YoY Change -13.3% 14.44%
LONG-TERM LIABILITIES
Long-Term Debt $1.651B $1.608B
YoY Change 2.69% 5.35%
Other Long-Term Liabilities $746.0M $610.0M
YoY Change 22.3% -0.31%
Total Long-Term Liabilities $1.651B $1.608B
YoY Change 2.69% -24.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.648B $4.207B
Total Long-Term Liabilities $1.651B $1.608B
Total Liabilities $5.299B $5.815B
YoY Change -8.88% -2.1%
SHAREHOLDERS EQUITY
Retained Earnings $3.216B $3.184B
YoY Change 1.02%
Common Stock $95.86M $100.4M
YoY Change -4.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.813B $2.911B
YoY Change
Total Liabilities & Shareholders Equity $9.022B $9.469B
YoY Change -4.71% 3.36%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$68.90M -$26.29M
YoY Change 162.13% -133.96%
Depreciation, Depletion And Amortization $45.26M $51.91M
YoY Change -12.8% -6.98%
Cash From Operating Activities -$17.48M -$136.0M
YoY Change -87.15% -150.33%
INVESTING ACTIVITIES
Capital Expenditures $48.17M $65.08M
YoY Change -25.98% -197.28%
Acquisitions
YoY Change
Other Investing Activities -$1.090M -$128.0K
YoY Change 751.56% -99.56%
Cash From Investing Activities $67.76M $66.88M
YoY Change 1.31% -169.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$29.82M -$57.98M
YoY Change -48.57% -25.19%
NET CHANGE
Cash From Operating Activities -$17.48M -$136.0M
Cash From Investing Activities $67.76M $66.88M
Cash From Financing Activities -$29.82M -$57.98M
Net Change In Cash $41.03M -$127.1M
YoY Change -132.28% -231.85%
FREE CASH FLOW
Cash From Operating Activities -$17.48M -$136.0M
Capital Expenditures $48.17M $65.08M
Free Cash Flow -$65.65M -$201.1M
YoY Change -67.35% -159.65%

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