2020 Q1 Form 10-K Financial Statement

#000171851220000013 Filed on February 21, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2018 Q4
Revenue $710.1M $725.7M $792.1M
YoY Change -11.78% -8.38% 1.32%
Cost Of Revenue $454.3M $464.3M $482.1M
YoY Change -8.7% -3.69% 0.48%
Gross Profit $255.8M $261.4M $310.0M
YoY Change -16.76% -15.68% 2.65%
Gross Profit Margin 36.02% 36.02% 39.14%
Selling, General & Admin $193.4M $186.9M $184.7M
YoY Change -3.54% 1.19% -4.55%
% of Gross Profit 75.61% 71.5% 59.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.90M $54.80M $55.20M
YoY Change -2.14% -0.72% 2.22%
% of Gross Profit 21.46% 20.96% 17.81%
Operating Expenses $193.4M $189.4M $186.5M
YoY Change -3.54% 1.55% -3.52%
Operating Profit $58.40M $72.00M $123.5M
YoY Change -41.72% -41.7% 13.62%
Interest Expense $36.70M -$43.30M -$36.10M
YoY Change -3.67% 19.94% -35.07%
% of Operating Profit 62.84% -60.14% -29.23%
Other Income/Expense, Net $2.100M $2.600M $100.0K
YoY Change -36.36% 2500.0% -100.98%
Pretax Income $23.80M $27.30M $83.80M
YoY Change -63.61% -67.42% 246.28%
Income Tax -$16.10M $1.900M $1.400M
% Of Pretax Income -67.65% 6.96% 1.67%
Net Earnings $35.60M $19.40M $75.60M
YoY Change -94.2% -74.34% -36.36%
Net Earnings / Revenue 5.01% 2.67% 9.54%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $0.12 $66.55K $260.0K
COMMON SHARES
Basic Shares Outstanding 290.5M shares 290.1M shares 289.8M shares
Diluted Shares Outstanding 292.1M shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $626.3M $635.3M $423.4M
YoY Change 87.74% 50.05% -24.98%
Cash & Equivalents $626.3M $635.3M $423.4M
Short-Term Investments
Other Short-Term Assets $137.5M $131.4M $104.1M
YoY Change 9.65% 26.22% 35.55%
Inventory $484.4M $475.1M $537.6M
Prepaid Expenses
Receivables $717.2M $694.7M $742.3M
Other Receivables $32.50M $22.10M $7.200M
Total Short-Term Assets $1.998B $1.959B $1.815B
YoY Change 8.82% 7.94% -0.64%
LONG-TERM ASSETS
Property, Plant & Equipment $801.3M $850.9M $756.3M
YoY Change 5.82% 12.51% 10.22%
Goodwill $1.958B $2.061B $2.046B
YoY Change -4.73% 0.71% -1.9%
Intangibles $1.810B $1.876B $1.991B
YoY Change -7.8% -5.76% -6.4%
Long-Term Investments $0.00 $0.00 $1.600M
YoY Change -100.0% -100.0% 166.67%
Other Assets $15.30M $17.10M $29.60M
YoY Change -47.06% -42.23% -23.32%
Total Long-Term Assets $5.187B $5.453B $4.908B
YoY Change -7.41% 11.1% -2.38%
TOTAL ASSETS
Total Short-Term Assets $1.998B $1.959B $1.815B
Total Long-Term Assets $5.187B $5.453B $4.908B
Total Assets $7.185B $7.411B $6.723B
YoY Change -3.4% 10.24% -1.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $383.0M $374.7M $424.0M
YoY Change -4.2% -11.63% 8.16%
Accrued Expenses $203.3M $188.8M $184.2M
YoY Change 8.2% 2.5% -12.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $54.90M $46.10M $51.60M
YoY Change 60.53% -10.66% -22.29%
Total Short-Term Liabilities $667.7M $658.1M $679.0M
YoY Change 4.05% -3.08% -2.69%
LONG-TERM LIABILITIES
Long-Term Debt $2.902B $2.912B $2.953B
YoY Change -0.92% -1.39% -24.06%
Other Long-Term Liabilities $87.70M $84.70M $79.20M
YoY Change 9.63% 6.94% 24.92%
Total Long-Term Liabilities $2.990B $2.997B $3.033B
YoY Change -0.64% -1.17% -23.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $667.7M $658.1M $679.0M
Total Long-Term Liabilities $2.990B $2.997B $3.033B
Total Liabilities $4.343B $4.401B $4.389B
YoY Change -2.96% 0.27% -19.1%
SHAREHOLDERS EQUITY
Retained Earnings $1.108B $1.072B $381.9M
YoY Change 11.25% 180.7% 178.96%
Common Stock $2.900M $2.900M $2.900M
YoY Change 0.0% 0.0% 16.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.485B $2.651B $1.947B
YoY Change
Total Liabilities & Shareholders Equity $7.185B $7.411B $6.723B
YoY Change -3.4% 10.24% -1.91%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $35.60M $19.40M $75.60M
YoY Change -94.2% -74.34% -36.36%
Depreciation, Depletion And Amortization $54.90M $54.80M $55.20M
YoY Change -2.14% -0.72% 2.22%
Cash From Operating Activities $31.10M $203.7M $171.2M
YoY Change -165.2% 18.98% -3.44%
INVESTING ACTIVITIES
Capital Expenditures $12.10M -$24.60M -$27.80M
YoY Change -43.19% -11.51% -40.09%
Acquisitions
YoY Change
Other Investing Activities -$100.0K $16.20M -$1.700M
YoY Change -1052.94% -97.9%
Cash From Investing Activities -$24.60M -$8.400M -$29.50M
YoY Change -22.4% -71.53% -76.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.100M
YoY Change 75.0%
Debt Paid & Issued, Net $6.200M
YoY Change -51.18%
Cash From Financing Activities -$2.900M -19.20M -11.80M
YoY Change -77.86% 62.71% -30.99%
NET CHANGE
Cash From Operating Activities $31.10M 203.7M 171.2M
Cash From Investing Activities -$24.60M -8.400M -29.50M
Cash From Financing Activities -$2.900M -19.20M -11.80M
Net Change In Cash -$9.300M 176.1M 129.9M
YoY Change -89.63% 35.57% 293.64%
FREE CASH FLOW
Cash From Operating Activities $31.10M $203.7M $171.2M
Capital Expenditures $12.10M -$24.60M -$27.80M
Free Cash Flow $19.00M $228.3M $199.0M
YoY Change -127.54% 14.72% -11.04%

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CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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1800000 USD
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300000 USD
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300000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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300000 USD
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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212000000 USD
CY2018Q4 us-gaap Cash Surrender Value Fair Value Disclosure
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930000000 USD
CY2019Q4 us-gaap Cash Surrender Value Fair Value Disclosure
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CY2018Q4 us-gaap Commitments And Contingencies
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CY2019Q4 us-gaap Commitments And Contingencies
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CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2018Q4 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Common Stock Value
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CY2018 us-gaap Comprehensive Income Net Of Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax
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CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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381100000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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15000000 USD
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CY2018 us-gaap Cost Of Revenue
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CY2019 us-gaap Cost Of Revenue
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CY2018 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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21000000 USD
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CY2018 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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4000000 USD
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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41800000 USD
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5100000 USD
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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22700000 USD
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482900000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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450700000 USD
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200000 USD
CY2019 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
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2100000 USD
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100000 USD
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2019 us-gaap Depreciation
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CY2018Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
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CY2019 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
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19600000 USD
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400000 USD
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0.001
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1800000 USD
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1800000 USD
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1800000 USD
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200000 USD
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500000 USD
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500000 USD
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100000 USD
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400000 USD
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2800000 USD
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300000 USD
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P8Y6M
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651000000 USD
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782100000 USD
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131600000 USD
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123500000 USD
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124500000 USD
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129700000 USD
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131100000 USD
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3000000 USD
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2172200000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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2188700000 USD
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1521200000 USD
CY2019Q4 us-gaap Guaranty Liabilities
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4100000 USD
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1000000 USD
CY2019Q1 us-gaap Gross Profit
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307300000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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14600000 USD
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41100000 USD
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83800000 USD
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64200000 USD
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41900000 USD
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27300000 USD
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198800000 USD
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182000000 USD
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0.00
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300000 USD
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400000 USD
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2600000 USD
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19600000 USD
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49900000 USD
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42100000 USD
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24600000 USD
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6500000 USD
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24700000 USD
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P10Y1M
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CY2019Q4 us-gaap Other Assets Noncurrent
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20200000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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5400000 USD
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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29400000 USD
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CY2018 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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1200000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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800000 USD
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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4500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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200000 USD
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5600000 USD
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CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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500000 USD
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CY2019 us-gaap Profit Loss
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200000 USD
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2019 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
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1967115 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20032966 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20221270 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.16
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.09
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.61
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
16.28
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
8.14
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.49
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4600000 USD
CY2017 us-gaap Sponsor Fees
SponsorFees
6700000 USD
CY2018 us-gaap Sponsor Fees
SponsorFees
8000000 USD
CY2019 us-gaap Sponsor Fees
SponsorFees
6500000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14300000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14100000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14300000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17700000 USD
CY2017 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
700000 USD
CY2018 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-300000 USD
CY2019 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2017 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
13100000 USD
CY2018 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11000000 USD
CY2019 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
10900000 USD
CY2017 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-100000 USD
CY2018 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-100000 USD
CY2019 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-2200000 USD
CY2017 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12300000 USD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11600000 USD
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16500000 USD
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
44275000 shares
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
79014 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
270997 shares
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
600000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
841700000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1800000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1600000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1947400000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2651000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1068400000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1428400000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2333700000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3010700000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
100000 USD
CY2017 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2018 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2700000 USD
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
700000 USD
CY2019 us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Asset Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense
-579000000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
19200000 USD
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
48500000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106300000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
70600000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106100000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
80100000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
147300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
4100000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2100000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
400000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
5000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4600000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
200000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5800000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
11800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
21000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8100000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
122600000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
608600000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
6900000 USD
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4970295 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5791580 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1570101 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250490828 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291698273 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291627461 shares
CY2017 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
245520533 shares
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
285906693 shares
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
290057360 shares
CY2018Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
11100000 USD
CY2019Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
10000000 USD
CY2019 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting periods</font></div><div style="line-height:138%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company prepares its annual consolidated financial statements as of the Saturday nearest December 31. Accordingly, the consolidated balance sheets are presented as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;28, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;29, 2018</font><font style="font-family:inherit;font-size:10pt;"> and the related consolidated statements of operations, comprehensive income, cash flows, and shareholders&#8217; equity are presented for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;28, 2019</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;</font><font style="font-family:inherit;font-size:10pt;">Fiscal 2019</font><font style="font-family:inherit;font-size:10pt;">&#8221;), </font><font style="font-family:inherit;font-size:10pt;">December&#160;29, 2018</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;</font><font style="font-family:inherit;font-size:10pt;">Fiscal 2018</font><font style="font-family:inherit;font-size:10pt;">&#8221;) and </font><font style="font-family:inherit;font-size:10pt;">December&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;</font><font style="font-family:inherit;font-size:10pt;">Fiscal 2017</font><font style="font-family:inherit;font-size:10pt;">&#8221;).</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:138%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of estimates</font></div><div style="line-height:138%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements under U.S.&#160;GAAP requires us to make assumptions and estimates concerning the future that affect reported amounts of assets, liabilities, revenue and expenses. Estimates and assumptions are particularly important in accounting for rebates, post-retirement benefits, impairment of long-lived assets, intangible assets and goodwill, inventory valuation, financial instruments, share-based compensation, product warranties and income taxes. Estimates and assumptions used are based on factors such as historical experience, the observance of trends in the industries in which we operate and information available from our customers and other outside sources. Due to the inherent uncertainty involved in making assumptions and estimates, actual outcomes could differ from those assumptions and estimates.</font></div></div>

Files In Submission

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0001718512-20-000013-index-headers.html Edgar Link pending
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