2018 Q1 Form 10-Q Financial Statement

#000162828018005005 Filed on April 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $991.2M $852.3M
YoY Change 16.3% 2.1%
Cost Of Revenue $708.3M $589.7M
YoY Change 20.11% 2.57%
Gross Profit $282.9M $262.6M
YoY Change 7.73% 1.04%
Gross Profit Margin 28.54% 30.81%
Selling, General & Admin $183.3M $154.8M
YoY Change 18.41% -2.03%
% of Gross Profit 64.79% 58.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.30M $24.20M
YoY Change 62.4% 6.61%
% of Gross Profit 13.89% 9.22%
Operating Expenses $183.3M $154.8M
YoY Change 18.41% -2.03%
Operating Profit $99.60M $107.8M
YoY Change -7.61% 5.79%
Interest Expense -$15.70M -$11.10M
YoY Change 41.44% 23.33%
% of Operating Profit -15.76% -10.3%
Other Income/Expense, Net -$6.500M -$5.800M
YoY Change 12.07% 346.15%
Pretax Income $75.80M $90.90M
YoY Change -16.61% -0.76%
Income Tax $16.00M $27.00M
% Of Pretax Income 21.11% 29.7%
Net Earnings $58.30M $62.80M
YoY Change -7.17% 3.12%
Net Earnings / Revenue 5.88% 7.37%
Basic Earnings Per Share $1.06 $1.13
Diluted Earnings Per Share $1.05 $1.13
COMMON SHARES
Basic Shares Outstanding 54.70M shares 55.20M shares
Diluted Shares Outstanding 55.10M shares 55.60M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $231.8M $390.8M
YoY Change -40.69% 17.46%
Cash & Equivalents $216.3M $381.0M
Short-Term Investments $15.50M $9.800M
Other Short-Term Assets $70.70M $34.00M
YoY Change 107.94% 15.25%
Inventory $714.3M $547.8M
Prepaid Expenses
Receivables $704.0M $545.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.721B $1.518B
YoY Change 13.39% 6.47%
LONG-TERM ASSETS
Property, Plant & Equipment $494.9M $437.8M
YoY Change 13.04% 1.62%
Goodwill $1.760B $1.001B
YoY Change 75.92% 0.82%
Intangibles $889.5M $427.3M
YoY Change 108.17% -5.21%
Long-Term Investments $56.50M $59.20M
YoY Change -4.56% 8.82%
Other Assets $53.60M $52.20M
YoY Change 2.68% 10.83%
Total Long-Term Assets $3.255B $1.977B
YoY Change 64.62% 0.08%
TOTAL ASSETS
Total Short-Term Assets $1.721B $1.518B
Total Long-Term Assets $3.255B $1.977B
Total Assets $4.975B $3.495B
YoY Change 42.37% 2.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $374.5M $300.1M
YoY Change 24.79% 2.67%
Accrued Expenses $210.9M $145.5M
YoY Change 44.95% -8.38%
Deferred Revenue
YoY Change
Short-Term Debt $152.5M $5.100M
YoY Change 2890.2%
Long-Term Debt Due $25.00M
YoY Change
Total Short-Term Liabilities $898.5M $576.0M
YoY Change 55.99% 1.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.903B $990.9M
YoY Change 92.07% 0.14%
Other Long-Term Liabilities $135.9M $65.20M
YoY Change 108.44% 27.84%
Total Long-Term Liabilities $2.039B $1.056B
YoY Change 93.08% 1.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $898.5M $576.0M
Total Long-Term Liabilities $2.039B $1.056B
Total Liabilities $3.297B $1.906B
YoY Change 72.99% 4.42%
SHAREHOLDERS EQUITY
Retained Earnings $1.909B $1.867B
YoY Change 2.23% 4.32%
Common Stock $10.80M $500.0K
YoY Change 2060.0% -16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.662B $1.579B
YoY Change
Total Liabilities & Shareholders Equity $4.975B $3.495B
YoY Change 42.37% 2.76%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $58.30M $62.80M
YoY Change -7.17% 3.12%
Depreciation, Depletion And Amortization $39.30M $24.20M
YoY Change 62.4% 6.61%
Cash From Operating Activities -$400.0K $62.90M
YoY Change -100.64% 0.96%
INVESTING ACTIVITIES
Capital Expenditures -$22.00M -$13.60M
YoY Change 61.76% -11.11%
Acquisitions $1.119B $19.20M
YoY Change 5730.21% -88.85%
Other Investing Activities -$900.0K -$900.0K
YoY Change 0.0% 80.0%
Cash From Investing Activities -$1.140B -$32.80M
YoY Change 3375.0% -82.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $52.60M
YoY Change -100.0% -73.93%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $975.0M -$94.10M
YoY Change -1136.13% -190.05%
NET CHANGE
Cash From Operating Activities -$400.0K $62.90M
Cash From Investing Activities -$1.140B -$32.80M
Cash From Financing Activities $975.0M -$94.10M
Net Change In Cash -$158.7M -$64.00M
YoY Change 147.97% 201.89%
FREE CASH FLOW
Cash From Operating Activities -$400.0K $62.90M
Capital Expenditures -$22.00M -$13.60M
Free Cash Flow $21.60M $76.50M
YoY Change -71.76% -1.42%

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