2018 Q1 Form 10-Q Financial Statement

#000140807518000027 Filed on April 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.477B $1.062B
YoY Change 39.18% 2.66%
Cost Of Revenue $1.254B $889.6M
YoY Change 40.91% 7.66%
Gross Profit $223.9M $175.0M
YoY Change 27.94% -15.74%
Gross Profit Margin 15.16% 16.49%
Selling, General & Admin $122.7M $91.90M
YoY Change 33.51% 3.14%
% of Gross Profit 54.8% 52.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.8M $75.00M
YoY Change 46.4% 6.08%
% of Gross Profit 49.04% 42.86%
Operating Expenses $122.7M $91.90M
YoY Change 33.51% 3.14%
Operating Profit $74.00M $71.60M
YoY Change 3.35% -33.21%
Interest Expense $28.80M $21.30M
YoY Change 35.21% 26.04%
% of Operating Profit 38.92% 29.75%
Other Income/Expense, Net $4.200M $3.900M
YoY Change 7.69%
Pretax Income $47.50M $54.20M
YoY Change -12.36% -39.98%
Income Tax $5.100M $17.60M
% Of Pretax Income 10.74% 32.47%
Net Earnings $29.90M $37.00M
YoY Change -19.19% -35.65%
Net Earnings / Revenue 2.02% 3.49%
Basic Earnings Per Share $0.10 $0.12
Diluted Earnings Per Share $0.10 $0.12
COMMON SHARES
Basic Shares Outstanding 310.6M shares 312.9M shares
Diluted Shares Outstanding 311.3M shares 314.1M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.50M $37.40M
YoY Change 40.37% -50.53%
Cash & Equivalents $52.50M $37.40M
Short-Term Investments
Other Short-Term Assets $65.50M $51.80M
YoY Change 26.45% 25.73%
Inventory $964.4M $603.1M
Prepaid Expenses
Receivables $742.7M $453.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.825B $1.145B
YoY Change 59.36% -3.77%
LONG-TERM ASSETS
Property, Plant & Equipment $3.104B $1.785B
YoY Change 73.86% 5.68%
Goodwill $1.607B $1.266B
YoY Change 26.97% -1.11%
Intangibles $514.9M $434.7M
YoY Change 18.45% -9.83%
Long-Term Investments
YoY Change
Other Assets $79.00M $30.60M
YoY Change 158.17% -37.8%
Total Long-Term Assets $5.305B $3.517B
YoY Change 50.87% 0.45%
TOTAL ASSETS
Total Short-Term Assets $1.825B $1.145B
Total Long-Term Assets $5.305B $3.517B
Total Assets $7.130B $4.662B
YoY Change 52.95% -0.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $613.6M $447.0M
YoY Change 37.27% 9.96%
Accrued Expenses $334.1M $241.4M
YoY Change 38.4% 4.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $55.60M $69.00M
YoY Change -19.42% 107.21%
Total Short-Term Liabilities $1.003B $757.4M
YoY Change 32.47% 12.91%
LONG-TERM LIABILITIES
Long-Term Debt $3.044B $2.184B
YoY Change 39.37% -3.7%
Other Long-Term Liabilities $125.1M $68.90M
YoY Change 81.57% -11.1%
Total Long-Term Liabilities $3.169B $2.253B
YoY Change 40.66% -3.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.003B $757.4M
Total Long-Term Liabilities $3.169B $2.253B
Total Liabilities $4.172B $3.010B
YoY Change 38.6% -0.2%
SHAREHOLDERS EQUITY
Retained Earnings -$49.40M -$237.8M
YoY Change -79.23% -23.44%
Common Stock $2.078B $1.685B
YoY Change 23.28% -3.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.709B $1.081B
YoY Change
Total Liabilities & Shareholders Equity $7.130B $4.662B
YoY Change 52.95% -0.62%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $29.90M $37.00M
YoY Change -19.19% -35.65%
Depreciation, Depletion And Amortization $109.8M $75.00M
YoY Change 46.4% 6.08%
Cash From Operating Activities -$190.1M -$91.70M
YoY Change 107.31% -257.02%
INVESTING ACTIVITIES
Capital Expenditures -$92.10M -$76.10M
YoY Change 21.02% -26.12%
Acquisitions $3.500M $0.00
YoY Change -100.0%
Other Investing Activities $2.300M $1.200M
YoY Change 91.67% -14.29%
Cash From Investing Activities $46.70M $42.80M
YoY Change 9.11% -110.89%
FINANCING ACTIVITIES
Cash Dividend Paid $23.20M $23.60M
YoY Change -1.69% 44.79%
Common Stock Issuance & Retirement, Net $0.00 $40.10M
YoY Change -100.0% -7.82%
Debt Paid & Issued, Net $125.0M $6.300M
YoY Change 1884.13% 0.0%
Cash From Financing Activities $127.3M $25.90M
YoY Change 391.51% -92.67%
NET CHANGE
Cash From Operating Activities -$190.1M -$91.70M
Cash From Investing Activities $46.70M $42.80M
Cash From Financing Activities $127.3M $25.90M
Net Change In Cash -$14.90M -$23.00M
YoY Change -35.22% -222.34%
FREE CASH FLOW
Cash From Operating Activities -$190.1M -$91.70M
Capital Expenditures -$92.10M -$76.10M
Free Cash Flow -$98.00M -$15.60M
YoY Change 528.21% -109.67%

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CY2018Q1 us-gaap Preferred Stock Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 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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