2017 Q2 Form 10-Q Financial Statement

#000103120317000018 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $2.672B $2.782B
YoY Change -3.96% 2.05%
Cost Of Revenue $2.267B $2.372B
YoY Change -4.43% 1.6%
Gross Profit $404.9M $410.1M
YoY Change -1.27% 4.74%
Gross Profit Margin 15.15% 14.74%
Selling, General & Admin $298.6M $299.0M
YoY Change -0.15% 6.58%
% of Gross Profit 73.74% 72.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.09M $12.71M
YoY Change 10.86% 6.42%
% of Gross Profit 3.48% 3.1%
Operating Expenses $298.6M $299.0M
YoY Change -0.15% 6.58%
Operating Profit $92.23M $97.36M
YoY Change -5.27% -0.67%
Interest Expense -$30.50M -$28.30M
YoY Change 7.77% 16.94%
% of Operating Profit -33.07% -29.07%
Other Income/Expense, Net
YoY Change
Pretax Income $61.69M $69.06M
YoY Change -10.67% -6.39%
Income Tax $22.56M $22.48M
% Of Pretax Income 36.57% 32.55%
Net Earnings $39.13M $46.58M
YoY Change -15.99% 0.58%
Net Earnings / Revenue 1.46% 1.67%
Basic Earnings Per Share $1.84 $2.12
Diluted Earnings Per Share $1.84 $2.12
COMMON SHARES
Basic Shares Outstanding 20.52M shares 21.06M shares
Diluted Shares Outstanding 20.52M shares 21.07M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.60M $25.00M
YoY Change 6.4% 3.31%
Cash & Equivalents $26.57M $24.97M
Short-Term Investments
Other Short-Term Assets $87.50M $28.90M
YoY Change 202.77% -27.57%
Inventory $1.804B $1.784B
Prepaid Expenses
Receivables $158.5M $151.7M
Other Receivables $217.4M $212.3M
Total Short-Term Assets $2.294B $2.202B
YoY Change 4.17% 4.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.167B $1.081B
YoY Change 7.96% 12.0%
Goodwill $878.8M $882.0M
YoY Change -0.36% -0.59%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.90M $12.66M
YoY Change 49.36% -34.2%
Total Long-Term Assets $2.351B $2.299B
YoY Change 2.26% 4.32%
TOTAL ASSETS
Total Short-Term Assets $2.294B $2.202B
Total Long-Term Assets $2.351B $2.299B
Total Assets $4.645B $4.501B
YoY Change 3.19% 4.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $330.7M $313.2M
YoY Change 5.6% 2.91%
Accrued Expenses $173.2M $182.1M
YoY Change -4.91% 13.02%
Deferred Revenue
YoY Change
Short-Term Debt $12.90M $9.600M
YoY Change 34.38% -99.35%
Long-Term Debt Due $40.30M $33.40M
YoY Change 20.66% -56.28%
Total Short-Term Liabilities $2.127B $2.112B
YoY Change 0.71% 5.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.264B $1.251B
YoY Change 1.03% 20.06%
Other Long-Term Liabilities $89.95M $80.53M
YoY Change 11.7% 15.82%
Total Long-Term Liabilities $89.95M $80.53M
YoY Change 11.7% 15.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.127B $2.112B
Total Long-Term Liabilities $89.95M $80.53M
Total Liabilities $2.217B $2.192B
YoY Change 1.11% 5.4%
SHAREHOLDERS EQUITY
Retained Earnings $1.116B $996.9M
YoY Change 11.96% 7.84%
Common Stock $287.7M $285.1M
YoY Change 0.88% -0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $295.9M $260.1M
YoY Change 13.77% 149.45%
Treasury Stock Shares 4.702M shares 4.095M shares
Shareholders Equity $971.6M $867.6M
YoY Change
Total Liabilities & Shareholders Equity $4.645B $4.501B
YoY Change 3.19% 4.6%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $39.13M $46.58M
YoY Change -15.99% 0.58%
Depreciation, Depletion And Amortization $14.09M $12.71M
YoY Change 10.86% 6.42%
Cash From Operating Activities -$19.40M $56.80M
YoY Change -134.15% 153.57%
INVESTING ACTIVITIES
Capital Expenditures -$20.80M -$36.60M
YoY Change -43.17% 44.66%
Acquisitions
YoY Change
Other Investing Activities -$57.10M -$300.0K
YoY Change 18933.33% -99.56%
Cash From Investing Activities -$77.90M -$36.90M
YoY Change 111.11% -60.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 87.80M -18.80M
YoY Change -567.02% -127.69%
NET CHANGE
Cash From Operating Activities -19.40M 56.80M
Cash From Investing Activities -77.90M -36.90M
Cash From Financing Activities 87.80M -18.80M
Net Change In Cash -9.500M 1.100M
YoY Change -963.64% -131.43%
FREE CASH FLOW
Cash From Operating Activities -$19.40M $56.80M
Capital Expenditures -$20.80M -$36.60M
Free Cash Flow $1.400M $93.40M
YoY Change -98.5% 95.81%

Facts In Submission

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CY2017Q2 us-gaap Common Stock Value
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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43014000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Cost Of Goods And Services Sold
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2267303000 USD
us-gaap Cost Of Goods And Services Sold
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4402610000 USD
CY2016Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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us-gaap Depreciation Depletion And Amortization
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27699000 USD
us-gaap Deferred Income Tax Expense Benefit
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161502000 USD
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12713000 USD
us-gaap Depreciation Depletion And Amortization
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25177000 USD
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14093000 USD
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1626000 USD
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20470000 USD
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18065000 USD
CY2017Q2 us-gaap Derivative Maturity Dates
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2030-12-31
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2.12
us-gaap Earnings Per Share Basic
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3.57
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1.84
us-gaap Earnings Per Share Basic
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1.84
us-gaap Earnings Per Share Diluted
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3.42
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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0.343
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0.366
us-gaap Effective Income Tax Rate Continuing Operations
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0.353
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2016Q2 us-gaap Financial Services Revenue
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us-gaap Financial Services Revenue
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207710000 USD
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106470000 USD
us-gaap Financial Services Revenue
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203304000 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
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0 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
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0 USD
us-gaap Gain Loss On Disposition Of Assets1
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617000 USD
us-gaap Gain Loss On Disposition Of Assets1
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314000 USD
CY2016Q4 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Foreign Currency Translation Gain Loss
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us-gaap Goodwill Subsequent Recognition Of Deferred Tax Asset
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11000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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us-gaap Gross Profit
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799221000 USD
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404892000 USD
us-gaap Gross Profit
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-28480000 USD
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-271000 USD
us-gaap Increase Decrease In Deferred Revenue
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69062000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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123164000 USD
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61690000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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112886000 USD
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0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
CY2017Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
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us-gaap Income Tax Expense Benefit
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22557000 USD
us-gaap Income Tax Expense Benefit
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39814000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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15473000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-15573000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2377000 USD
us-gaap Increase Decrease In Retail Related Inventories
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22080000 USD
us-gaap Increase Decrease In Retail Related Inventories
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142165000 USD
CY2016Q4 us-gaap Indefinite Lived Franchise Rights
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813000 USD
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16705000 USD
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17315000 USD
us-gaap Interest Expense Other
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34314000 USD
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10000000 USD
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9010000 USD
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CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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172867000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2016Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2017Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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37744000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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77648000 USD
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37744000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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70427000 USD
CY2017Q2 us-gaap Number Of Reportable Segments
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97360000 USD
us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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8600000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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8600000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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4462000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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8600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
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0 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1285000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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1193000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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95000 USD
us-gaap Payments To Acquire Productive Assets
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70272000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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19653000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
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5137000 USD
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
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87470000 USD
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1390329000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
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1458257000 USD
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1125883000 USD
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1167345000 USD
us-gaap Repayments Of Other Long Term Debt
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22248000 USD
us-gaap Repayments Of Other Long Term Debt
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542000 USD
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1053301000 USD
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1116195000 USD
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2782449000 USD
us-gaap Revenues
Revenues
5390804000 USD
CY2017Q2 us-gaap Revenues
Revenues
2672195000 USD
us-gaap Revenues
Revenues
5191024000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
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299022000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
592687000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
298568000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
588347000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10169000 USD
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10459000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
70578 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
68.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
188789 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
76.50
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
850422 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
752114 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
67.25
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
68.87
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
216519 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
69.43
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
16200000 USD
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
12900000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
-1545000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-41015000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
930200000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
971648000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4257915 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
4701811 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
267313000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
295945000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1885000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3224000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1389000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2645000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1884000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3223000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1389000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2645000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21070000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21762000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20522000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20609000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21057000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21753000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20516000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20604000 shares

Files In Submission

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0001031203-17-000018.txt Edgar Link pending
0001031203-17-000018-xbrl.zip Edgar Link pending
a20172ndquarterform10-q.htm Edgar Link pending
exhibit3112ndqtr2017.htm Edgar Link pending
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