2017 Q4 Form 10-Q Financial Statement

#000140807517000039 Filed on October 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $1.110B $1.138B $1.104B
YoY Change 4.98% 3.07% 3.15%
Cost Of Revenue $936.4M $949.2M $912.4M
YoY Change 7.73% 4.03% 5.1%
Gross Profit $176.0M $191.6M $191.3M
YoY Change -6.43% 0.16% -5.25%
Gross Profit Margin 15.86% 16.84% 17.33%
Selling, General & Admin $78.00M $91.40M $78.90M
YoY Change -17.89% 15.84% -5.73%
% of Gross Profit 44.32% 47.7% 41.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.10M $87.00M $78.20M
YoY Change 23.8% 11.25% 6.39%
% of Gross Profit 52.9% 45.41% 40.88%
Operating Expenses $79.60M $91.40M $78.90M
YoY Change -17.17% 15.84% -5.73%
Operating Profit $81.10M $91.40M $105.1M
YoY Change 3.84% -13.04% -4.45%
Interest Expense -$23.30M $22.60M $20.00M
YoY Change 8.88% 13.0% 21.21%
% of Operating Profit -28.73% 24.73% 19.03%
Other Income/Expense, Net $3.100M $4.000M
YoY Change
Pretax Income $60.90M $72.80M $85.10M
YoY Change 7.6% -14.45% -8.98%
Income Tax $23.40M $25.90M $28.00M
% Of Pretax Income 38.42% 35.58% 32.9%
Net Earnings $173.9M $47.30M $57.80M
YoY Change 398.28% -18.17% -3.99%
Net Earnings / Revenue 15.67% 4.16% 5.24%
Basic Earnings Per Share $0.56 $0.15 $0.18
Diluted Earnings Per Share $0.56 $0.15 $0.18
COMMON SHARES
Basic Shares Outstanding 309.7M shares 310.4M shares 319.7M shares
Diluted Shares Outstanding 310.9M shares 320.4M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.40M $17.20M $45.70M
YoY Change 14.04% -62.36% -43.93%
Cash & Equivalents $67.40M $17.20M $45.70M
Short-Term Investments
Other Short-Term Assets $147.4M $44.90M $40.00M
YoY Change 219.74% 12.25% 13.31%
Inventory $634.0M $621.5M $591.9M
Prepaid Expenses $28.60M
Receivables $272.0M $539.0M $500.9M
Other Receivables $49.10M $0.00 $0.00
Total Short-Term Assets $1.170B $1.223B $1.179B
YoY Change 4.93% 3.74% -12.68%
LONG-TERM ASSETS
Property, Plant & Equipment $1.867B $1.821B $1.768B
YoY Change 6.58% 3.02% 13.79%
Goodwill $1.323B $1.309B $1.265B
YoY Change 4.98% 3.5% 9.19%
Intangibles $436.5M $449.6M $462.4M
YoY Change -1.98% -2.77% 21.78%
Long-Term Investments
YoY Change
Other Assets $66.40M $37.50M $48.70M
YoY Change 114.19% -23.0% -26.99%
Total Long-Term Assets $3.693B $3.617B $3.544B
YoY Change 5.86% 2.08% 12.2%
TOTAL ASSETS
Total Short-Term Assets $1.170B $1.223B $1.179B
Total Long-Term Assets $3.693B $3.617B $3.544B
Total Assets $4.863B $4.840B $4.722B
YoY Change 5.64% 2.49% 4.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $516.5M $486.7M $426.8M
YoY Change 10.72% 14.03% 3.69%
Accrued Expenses $273.6M $281.1M $241.1M
YoY Change 9.48% 16.59% -2.55%
Deferred Revenue
YoY Change
Short-Term Debt $9.100M $0.00 $0.00
YoY Change -75.47%
Long-Term Debt Due $50.00M $49.60M $64.10M
YoY Change 100.0% -22.62% 89.64%
Total Short-Term Liabilities $851.4M $817.4M $732.0M
YoY Change 9.18% 11.67% 5.66%
LONG-TERM LIABILITIES
Long-Term Debt $2.213B $2.225B $2.191B
YoY Change 5.97% 1.57% 11.76%
Other Long-Term Liabilities $104.7M $80.80M $72.60M
YoY Change 53.74% 11.29% -1.89%
Total Long-Term Liabilities $2.318B $2.306B $2.264B
YoY Change 7.48% 1.88% 11.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $851.4M $817.4M $732.0M
Total Long-Term Liabilities $2.318B $2.306B $2.264B
Total Liabilities $3.169B $3.123B $2.996B
YoY Change 7.93% 4.27% 9.84%
SHAREHOLDERS EQUITY
Retained Earnings -$56.00M -$206.6M -$243.8M
YoY Change -79.1% -15.26% -29.09%
Common Stock $1.684B $1.680B $1.731B
YoY Change -1.49% -2.93% -2.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.292B $1.134B $1.108B
YoY Change
Total Liabilities & Shareholders Equity $4.863B $4.840B $4.722B
YoY Change 5.64% 2.49% 4.75%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $173.9M $47.30M $57.80M
YoY Change 398.28% -18.17% -3.99%
Depreciation, Depletion And Amortization $93.10M $87.00M $78.20M
YoY Change 23.8% 11.25% 6.39%
Cash From Operating Activities -$74.20M -$14.40M $147.3M
YoY Change -130.03% -109.78% -15.2%
INVESTING ACTIVITIES
Capital Expenditures -$62.30M -$53.30M -$72.40M
YoY Change 72.1% -26.38% 32.36%
Acquisitions
YoY Change
Other Investing Activities $224.7M $36.80M -$4.300M
YoY Change -11926.32% -955.81% 22.86%
Cash From Investing Activities $162.4M -$16.50M -$76.70M
YoY Change -526.25% -78.49% 31.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.20M 35.00M -63.40M
YoY Change -80.23% -155.21% -20.05%
NET CHANGE
Cash From Operating Activities -74.20M -14.40M 147.3M
Cash From Investing Activities 162.4M -16.50M -76.70M
Cash From Financing Activities -38.20M 35.00M -63.40M
Net Change In Cash 50.00M 4.100M 7.200M
YoY Change 216.46% -43.06% -80.11%
FREE CASH FLOW
Cash From Operating Activities -$74.20M -$14.40M $147.3M
Capital Expenditures -$62.30M -$53.30M -$72.40M
Free Cash Flow -$11.90M $38.90M $219.7M
YoY Change -104.2% -82.29% -3.81%

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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates and changes in these estimates are recorded when known.</font></div></div>

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