2017 Q4 Form 10-Q Financial Statement

#000162828017010113 Filed on October 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $917.7M $950.5M $854.2M
YoY Change 7.43% 4.75% 2.95%
Cost Of Revenue $628.3M $642.9M $595.6M
YoY Change 5.49% 3.91% 5.83%
Gross Profit $289.4M $307.6M $258.6M
YoY Change 11.91% 6.55% -3.11%
Gross Profit Margin 31.54% 32.36% 30.27%
Selling, General & Admin $162.9M $157.5M $150.8M
YoY Change 8.02% 3.14% -2.71%
% of Gross Profit 56.29% 51.2% 58.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.10M $25.10M $23.70M
YoY Change 5.91% 10.57% 9.72%
% of Gross Profit 8.67% 8.16% 9.16%
Operating Expenses $162.9M $157.5M $150.8M
YoY Change 8.02% 3.14% -2.71%
Operating Profit $126.5M $150.1M $107.8M
YoY Change 17.35% 10.37% -3.66%
Interest Expense -$9.700M -$11.60M -$11.00M
YoY Change -11.82% 0.0% 32.53%
% of Operating Profit -7.67% -7.73% -10.2%
Other Income/Expense, Net -$4.900M -$4.800M -$10.90M
YoY Change -55.05% 1500.0% -56.75%
Pretax Income $111.9M $123.6M $97.90M
YoY Change 14.3% -0.4% 7.94%
Income Tax $33.00M $40.80M $32.20M
% Of Pretax Income 29.49% 33.01% 32.89%
Net Earnings $20.40M $80.80M $64.40M
YoY Change -68.32% -6.81% 4.72%
Net Earnings / Revenue 2.22% 8.5% 7.54%
Basic Earnings Per Share $0.37 $1.47 $1.16
Diluted Earnings Per Share $0.37 $1.47 $1.16
COMMON SHARES
Basic Shares Outstanding 54.71M shares 54.60M shares 55.36M shares
Diluted Shares Outstanding 54.90M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $389.5M $400.0M $448.8M
YoY Change -13.21% 5.76% 26.17%
Cash & Equivalents $375.0M $386.4M $437.6M
Short-Term Investments $14.50M $13.60M $11.20M
Other Short-Term Assets $39.60M $46.30M $40.10M
YoY Change -1.25% 45.14% 57.25%
Inventory $634.7M $623.6M $532.4M
Prepaid Expenses
Receivables $540.3M $615.1M $530.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.604B $1.685B $1.551B
YoY Change 3.4% 10.73% 11.78%
LONG-TERM ASSETS
Property, Plant & Equipment $458.3M $449.1M $439.8M
YoY Change 4.21% 2.93% 4.79%
Goodwill $1.089B $1.064B $991.0M
YoY Change 9.89% 7.21% 6.73%
Intangibles $460.4M $437.1M $431.5M
YoY Change 6.7% -0.82% 15.93%
Long-Term Investments $57.70M $56.50M $56.40M
YoY Change 2.3% 7.82% 13.94%
Other Assets $51.10M $52.00M $55.00M
YoY Change -7.09% 8.33% 7.84%
Total Long-Term Assets $2.117B $2.058B $1.974B
YoY Change 7.24% 4.51% 8.39%
TOTAL ASSETS
Total Short-Term Assets $1.604B $1.685B $1.551B
Total Long-Term Assets $2.117B $2.058B $1.974B
Total Assets $3.721B $3.743B $3.525B
YoY Change 5.55% 7.22% 9.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $326.5M $349.4M $291.6M
YoY Change 11.97% 19.86% 0.73%
Accrued Expenses $174.9M $158.3M $156.2M
YoY Change 11.97% 3.13% 11.81%
Deferred Revenue $10.20M
YoY Change
Short-Term Debt $68.10M $93.80M $3.200M
YoY Change 2028.13% 1517.24% -93.36%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $706.1M $740.6M $589.6M
YoY Change 19.76% 28.24% -2.24%
LONG-TERM LIABILITIES
Long-Term Debt $987.1M $986.7M $990.5M
YoY Change -0.34% -0.34% 66.22%
Other Long-Term Liabilities $118.0M $68.40M $68.20M
YoY Change 73.02% 18.34% 37.5%
Total Long-Term Liabilities $1.105B $1.055B $1.059B
YoY Change 4.38% 0.69% 64.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $706.1M $740.6M $589.6M
Total Long-Term Liabilities $1.105B $1.055B $1.059B
Total Liabilities $2.073B $2.076B $1.922B
YoY Change 7.85% 11.8% 31.66%
SHAREHOLDERS EQUITY
Retained Earnings $1.892B $1.914B $1.879B
YoY Change 0.7% 3.27% -0.36%
Common Stock $11.60M $4.300M $16.00M
YoY Change -27.5% -39.44% -79.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.634B $1.656B $1.593B
YoY Change
Total Liabilities & Shareholders Equity $3.721B $3.743B $3.525B
YoY Change 5.55% 7.22% 9.86%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income $20.40M $80.80M $64.40M
YoY Change -68.32% -6.81% 4.72%
Depreciation, Depletion And Amortization $25.10M $25.10M $23.70M
YoY Change 5.91% 10.57% 9.72%
Cash From Operating Activities $150.4M $97.40M $137.5M
YoY Change 9.38% -27.37% -0.36%
INVESTING ACTIVITIES
Capital Expenditures -$26.50M -$20.20M -$21.40M
YoY Change 23.83% 27.04% -13.71%
Acquisitions
YoY Change
Other Investing Activities -$57.50M -$2.400M $10.50M
YoY Change -647.62% -11.11% -318.75%
Cash From Investing Activities -$84.00M -$22.60M -$10.90M
YoY Change 670.64% 21.51% -63.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.40M -65.20M -40.80M
YoY Change 82.35% -25.82% -79.23%
NET CHANGE
Cash From Operating Activities 150.4M 97.40M 137.5M
Cash From Investing Activities -84.00M -22.60M -10.90M
Cash From Financing Activities -74.40M -65.20M -40.80M
Net Change In Cash -8.000M 9.600M 85.80M
YoY Change -109.32% -65.22% -197.5%
FREE CASH FLOW
Cash From Operating Activities $150.4M $97.40M $137.5M
Capital Expenditures -$26.50M -$20.20M -$21.40M
Free Cash Flow $176.9M $117.6M $158.9M
YoY Change 11.33% -21.6% -2.4%

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