2018 Q2 Form 10-Q Financial Statement

#000004608018000079 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $716.3M $849.7M
YoY Change -15.69% -3.33%
Cost Of Revenue $255.2M $370.5M
YoY Change -31.12% 15.18%
Gross Profit $461.2M $479.2M
YoY Change -3.77% -14.01%
Gross Profit Margin 64.38% 56.4%
Selling, General & Admin $328.0M $324.8M
YoY Change 0.99% 36.11%
% of Gross Profit 71.13% 67.78%
Research & Development $57.38M $62.60M
YoY Change -8.33% -1.68%
% of Gross Profit 12.44% 13.06%
Depreciation & Amortization $26.22M $35.60M
YoY Change -26.35% -12.53%
% of Gross Profit 5.69% 7.43%
Operating Expenses $385.4M $400.8M
YoY Change -3.84% 32.58%
Operating Profit -$80.42M $78.40M
YoY Change -202.58% -7.63%
Interest Expense $22.81M -$18.90M
YoY Change -220.68% -179.03%
% of Operating Profit -24.11%
Other Income/Expense, Net -$7.969M $11.40M
YoY Change -169.9% -163.85%
Pretax Income -$88.39M $70.80M
YoY Change -224.84% 5.64%
Income Tax $24.10M $2.200M
% Of Pretax Income 3.11%
Net Earnings -$112.5M $68.60M
YoY Change -263.98% 31.65%
Net Earnings / Revenue -15.7% 8.07%
Basic Earnings Per Share -$0.90
Diluted Earnings Per Share -$0.90 $547.9K
COMMON SHARES
Basic Shares Outstanding 125.1M shares 125.1M shares
Diluted Shares Outstanding 125.1M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.599B $1.463B
YoY Change 9.3% 58.33%
Cash & Equivalents $1.599B $1.463B
Short-Term Investments
Other Short-Term Assets $293.0M $243.0M
YoY Change 20.58% -24.77%
Inventory $517.4M $416.2M
Prepaid Expenses
Receivables $612.7M $676.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.022B $2.800B
YoY Change 7.93% 10.95%
LONG-TERM ASSETS
Property, Plant & Equipment $262.4M $270.0M
YoY Change -2.82% 11.3%
Goodwill $573.6M $570.9M
YoY Change 0.46% -3.69%
Intangibles $210.9M $238.1M
YoY Change -11.41% -9.63%
Long-Term Investments
YoY Change
Other Assets $660.3M $767.1M
YoY Change -13.92% 6.22%
Total Long-Term Assets $1.445B $1.576B
YoY Change -8.33% -0.15%
TOTAL ASSETS
Total Short-Term Assets $3.022B $2.800B
Total Long-Term Assets $1.445B $1.576B
Total Assets $4.729B $4.646B
YoY Change 1.79% 6.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $256.4M $241.2M
YoY Change 6.31% 12.59%
Accrued Expenses $574.5M $545.5M
YoY Change 5.31% 3.83%
Deferred Revenue
YoY Change
Short-Term Debt $21.61M $65.29M
YoY Change -66.9% 1109.15%
Long-Term Debt Due $0.00 $349.8M
YoY Change -100.0%
Total Short-Term Liabilities $852.5M $1.202B
YoY Change -29.06% 61.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.694B $1.199B
YoY Change 41.29% -22.54%
Other Long-Term Liabilities $611.2M $393.5M
YoY Change 55.32% -2.26%
Total Long-Term Liabilities $2.305B $1.592B
YoY Change 44.76% -18.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $852.5M $1.202B
Total Long-Term Liabilities $2.305B $1.592B
Total Liabilities $3.158B $2.794B
YoY Change 13.01% 3.67%
SHAREHOLDERS EQUITY
Retained Earnings $4.091B $4.145B
YoY Change -1.32% 8.37%
Common Stock $104.8M $104.8M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.385B $3.210B
YoY Change 5.45% 3.92%
Treasury Stock Shares 84.71M shares 84.69M shares
Shareholders Equity $1.571B $1.852B
YoY Change
Total Liabilities & Shareholders Equity $4.729B $4.646B
YoY Change 1.79% 6.94%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$112.5M $68.60M
YoY Change -263.98% 31.65%
Depreciation, Depletion And Amortization $26.22M $35.60M
YoY Change -26.35% -12.53%
Cash From Operating Activities $317.7M $411.9M
YoY Change -22.86% -1025.62%
INVESTING ACTIVITIES
Capital Expenditures $28.24M -$30.20M
YoY Change -193.49% -14.2%
Acquisitions
YoY Change
Other Investing Activities -$2.007M -$800.0K
YoY Change 150.88% -104.76%
Cash From Investing Activities -$26.23M -$31.00M
YoY Change -15.39% 68.48%
FINANCING ACTIVITIES
Cash Dividend Paid $70.78M
YoY Change
Common Stock Issuance & Retirement, Net $38.13M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$275.7M -211.7M
YoY Change 30.24% 90.89%
NET CHANGE
Cash From Operating Activities $317.7M 411.9M
Cash From Investing Activities -$26.23M -31.00M
Cash From Financing Activities -$275.7M -211.7M
Net Change In Cash $15.79M 169.2M
YoY Change -90.67% -197.35%
FREE CASH FLOW
Cash From Operating Activities $317.7M $411.9M
Capital Expenditures $28.24M -$30.20M
Free Cash Flow $289.5M $442.1M
YoY Change -34.52% -4853.76%

Facts In Submission

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FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28770000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
573063000 USD
CY2018Q2 has Long Term Debt Fair Value Current Maturities
LongTermDebtFairValueCurrentMaturities
0 USD
CY2018Q2 has Long Term Debt Fair Value Excluding Current Maturities
LongTermDebtFairValueExcludingCurrentMaturities
1781346000 USD
CY2018Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2017Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
349814000 USD
CY2018Q2 has Long Term Debt Current Maturities Excluding Debt Issuance Costs
LongTermDebtCurrentMaturitiesExcludingDebtIssuanceCosts
0 USD
CY2017Q4 has Long Term Debt Current Maturities Excluding Debt Issuance Costs
LongTermDebtCurrentMaturitiesExcludingDebtIssuanceCosts
0 USD
CY2017Q2 has Long Term Debt Current Maturities Excluding Debt Issuance Costs
LongTermDebtCurrentMaturitiesExcludingDebtIssuanceCosts
350000000 USD
CY2017Q2 has Long Term Debt Fair Value Current Maturities
LongTermDebtFairValueCurrentMaturities
357385000 USD
CY2017Q2 has Long Term Debt Fair Value Excluding Current Maturities
LongTermDebtFairValueExcludingCurrentMaturities
1334600000 USD
CY2017Q4 has Long Term Debt Fair Value Excluding Current Maturities
LongTermDebtFairValueExcludingCurrentMaturities
1837450000 USD
CY2018Q2 has Program Production Cost Amortization
ProgramProductionCostAmortization
12034000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
22809000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8592000 USD
CY2018Q2 us-gaap Advertising Expense
AdvertisingExpense
68016000 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6478000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7969000 USD
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-292395000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
328009000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-80419000 USD
CY2018Q2 us-gaap Sales Revenue Net
SalesRevenueNet
716341000 USD
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.9
CY2018Q2 us-gaap Royalty Expense
RoyaltyExpense
69652000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
796760000 USD
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125182000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
125182000 shares
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
6248000 USD
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.9
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-112492000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-88388000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.63
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24104000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57384000 USD
CY2018Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
255187000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70837000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7881000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
5564000 USD
us-gaap Costs And Expenses
CostsAndExpenses
771320000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
62586000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
78343000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
849663000 USD
has Program Production Cost Amortization
ProgramProductionCostAmortization
5570000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11386000 USD
us-gaap Net Income Loss
NetIncomeLoss
68599000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
306082000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
243885000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2238000 USD
us-gaap Advertising Expense
AdvertisingExpense
80936000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7506000 USD
us-gaap Royalty Expense
RoyaltyExpense
64380000 USD
us-gaap Interest Expense
InterestExpense
24456000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-31467000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
12829000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-25270000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-5355000 USD
CY2018Q2 has Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Period Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodBenefitCostNetOfTax
1820000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-143000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-143959000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
5374000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
24673000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-23317000 USD
has Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Period Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodBenefitCostNetOfTax
1448000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2601000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65998000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-31000 USD
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125073000 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
125073000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125073000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127229000 shares
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
-528000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
5980000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
12264000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
794000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
41000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
18000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
4137000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
-822000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
5310000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
369000 USD
CY2018Q2 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
21415000 USD
CY2018Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21377000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7200000 USD
has Program Production Costs
ProgramProductionCosts
11738000 USD
CY2018Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4971000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5498000 USD
CY2018Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
124937746 shares
CY2018Q2 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Investment Redemption Notice Period1
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareInvestmentRedemptionNoticePeriod1
P45D
CY2018Q2 has Changes In Net Deemed Repatriation Tax
ChangesInNetDeemedRepatriationTax
75805000 USD
has Changes In Net Deemed Repatriation Tax
ChangesInNetDeemedRepatriationTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
7565000 USD
CY2018Q2 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-133698000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-107336000 USD
CY2018Q2 has Adoption Of Asu2018 02
AdoptionOfASU2018-02
-21503000 USD
CY2018Q2 us-gaap Subsequent Event Description
SubsequentEventDescription
On May 1, 2018, the Company announced that it has entered into a definitive agreement with Saban Properties LLC to purchase Saban’s Power Rangers and several other entertainment brands for $522,000 to be paid in a combination of cash and stock.
CY2018Q2 has Agreement To Purchase Entertainment Brands
AgreementToPurchaseEntertainmentBrands
522000000 USD
CY2018Q2 has Equity Interest Issued By The Acquirer
EquityInterestIssuedByTheAcquirer
270000000 USD
CY2018Q2 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
22250000 USD
CY2018Q2 has Cash Portion Of Agreement To Purchase Entertainment Brands
CashPortionOfAgreementToPurchaseEntertainmentBrands
229750000 USD
CY2018Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation Increase Decrease For Plan Amendment
DefinedBenefitPlanAccumulatedBenefitObligationIncreaseDecreaseForPlanAmendment
35192000 USD
CY2018Q2 has Date Of Resolutiona Approval Plan Termination
DateOfResolutionaApprovalPlanTermination
February 2018
CY2018Q2 us-gaap Subsequent Events Date
SubsequentEventsDate
2018-05-01
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-26058000 USD
CY2018Q2 has Tax Cuts Cnd Jobs Act Of2017 Provisional Income Tax Expense Benefit Increase
TaxCutsCndJobsActOf2017ProvisionalIncomeTaxExpenseBenefitIncrease
47800000 USD
CY2018Q2 has Bad Debt Expense Related To Toys R Us
BadDebtExpenseRelatedToToysRUs
59115000 USD

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