2019 Q4 Form 10-Q Financial Statement

#000143774919020666 Filed on October 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $885.6M $1.112B $1.056B
YoY Change 5.92% 5.35% 10.29%
Cost Of Revenue $834.4M $989.6M $910.2M
YoY Change 3.37% 8.71% 8.03%
Gross Profit $51.22M $122.6M $160.7M
YoY Change 68.0% -23.72% 40.28%
Gross Profit Margin 5.78% 11.02% 15.22%
Selling, General & Admin $82.80M $73.42M $70.77M
YoY Change 5.75% 3.75% 42.96%
% of Gross Profit 161.64% 59.91% 44.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.70M $31.00M $34.30M
YoY Change -8.9% -9.62% 97.13%
% of Gross Profit 59.93% 25.29% 21.35%
Operating Expenses $83.30M $73.42M $70.77M
YoY Change 4.78% 3.75% 42.96%
Operating Profit -$32.08M $53.49M $83.58M
YoY Change -34.55% -36.0% 25.15%
Interest Expense -$2.900M $4.839M $4.452M
YoY Change 141.67% 8.69% 67.37%
% of Operating Profit 9.05% 5.33%
Other Income/Expense, Net $2.900M $3.022M $383.0K
YoY Change -680.0% 689.03% -84.81%
Pretax Income -$28.90M $56.51M $83.96M
YoY Change -31.84% -32.69% 21.15%
Income Tax -$8.900M $11.75M $12.70M
% Of Pretax Income 20.79% 15.12%
Net Earnings -$19.38M $45.90M $67.84M
YoY Change -63.21% -32.34% 47.53%
Net Earnings / Revenue -2.19% 4.13% 6.43%
Basic Earnings Per Share -$0.42 $0.98 $1.46
Diluted Earnings Per Share -$0.42 $0.97 $1.42
COMMON SHARES
Basic Shares Outstanding 46.74M 46.79M 46.31K
Diluted Shares Outstanding 47.17M 47.81K

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $483.2M $432.4M $539.3M
YoY Change -9.55% -19.82% 13.37%
Cash & Equivalents $252.3M $184.7M $230.3M
Short-Term Investments $220.9M $247.7M $309.0M
Other Short-Term Assets $46.02M $51.93M $32.19M
YoY Change -5.53% 61.33% 20.94%
Inventory $88.89M $95.44M $90.79M
Prepaid Expenses
Receivables $758.9M $934.3M $832.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.377B $1.493B $1.515B
YoY Change 2.72% -1.43% 17.81%
LONG-TERM ASSETS
Property, Plant & Equipment $542.3M $542.8M $560.6M
YoY Change -1.34% -3.18% 36.01%
Goodwill $264.3M $264.1M $244.7M
YoY Change 1.85% 7.93% 354.83%
Intangibles
YoY Change
Long-Term Investments $84.18M $84.91M $84.84M
YoY Change -0.21% 0.09% -22.8%
Other Assets $106.7M $116.4M $143.9M
YoY Change -15.91% -19.09% 68.49%
Total Long-Term Assets $1.125B $1.119B $1.106B
YoY Change 3.54% 1.2% 67.25%
TOTAL ASSETS
Total Short-Term Assets $1.377B $1.493B $1.515B
Total Long-Term Assets $1.125B $1.119B $1.106B
Total Assets $2.502B $2.613B $2.621B
YoY Change 3.09% -0.32% 34.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.8M $399.7M $316.9M
YoY Change 56.09% 26.13% 10.46%
Accrued Expenses $337.3M $342.0M $296.0M
YoY Change 3.98% 15.54% 19.94%
Deferred Revenue $95.74M $109.3M $119.0M
YoY Change -12.18% -8.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.244M $8.263M $116.8M
YoY Change -82.57% -92.93% 689.38%
Total Short-Term Liabilities $842.1M $876.5M $873.4M
YoY Change 14.19% 0.36% 21.78%
LONG-TERM LIABILITIES
Long-Term Debt $356.1M $394.8M $316.9M
YoY Change 6.26% 24.58% 40.28%
Other Long-Term Liabilities $63.14M $58.43M $67.43M
YoY Change 3.37% -13.34% 45.21%
Total Long-Term Liabilities $419.2M $453.3M $384.4M
YoY Change 5.82% 17.93% 41.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $842.1M $876.5M $873.4M
Total Long-Term Liabilities $419.2M $453.3M $384.4M
Total Liabilities $1.261B $1.330B $1.258B
YoY Change 11.26% 5.73% 27.11%
SHAREHOLDERS EQUITY
Retained Earnings $594.4M $619.7M $738.3M
YoY Change -12.52% -16.06% -2.37%
Common Stock $549.8M $567.5M $572.5M
YoY Change -2.7% -0.88% 262.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.141B $1.184B $1.313B
YoY Change
Total Liabilities & Shareholders Equity $2.502B $2.613B $2.621B
YoY Change 3.09% -0.32% 34.6%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$19.38M $45.90M $67.84M
YoY Change -63.21% -32.34% 47.53%
Depreciation, Depletion And Amortization $30.70M $31.00M $34.30M
YoY Change -8.9% -9.62% 97.13%
Cash From Operating Activities $137.9M $67.00M $90.10M
YoY Change 92.33% -25.64% 115.04%
INVESTING ACTIVITIES
Capital Expenditures -$23.50M -$28.90M -$49.60M
YoY Change -6.0% -41.73% 156.99%
Acquisitions
YoY Change
Other Investing Activities $28.40M $31.70M $6.800M
YoY Change -57.42% 366.18% -233.33%
Cash From Investing Activities $4.900M $2.700M -$42.80M
YoY Change -88.25% -106.31% 75.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.00M -30.20M -12.80M
YoY Change -7.93% 135.94% 26.73%
NET CHANGE
Cash From Operating Activities 137.9M 67.00M 90.10M
Cash From Investing Activities 4.900M 2.700M -42.80M
Cash From Financing Activities -65.00M -30.20M -12.80M
Net Change In Cash 77.80M 39.50M 34.50M
YoY Change 81.78% 14.49% 366.22%
FREE CASH FLOW
Cash From Operating Activities $137.9M $67.00M $90.10M
Capital Expenditures -$23.50M -$28.90M -$49.60M
Free Cash Flow $161.4M $95.90M $139.7M
YoY Change 66.91% -31.35% 128.27%

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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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OtherComprehensiveIncomeLossNetOfTax
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OtherComprehensiveIncomeLossNetOfTax
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OtherComprehensiveIncomeLossNetOfTax
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2018Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3425000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTax
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CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
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BusinessCombinationIntegrationRelatedCosts
9334000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
15244000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
44030000 USD
CY2019Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7101000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3018000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
13936000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5066000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3022000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
383000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5799000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1869000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25387000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67789000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-140580000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50711000 USD

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