2019 Q2 Form 10-Q Financial Statement

#000156459019025459 Filed on July 22, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2017 Q4
Revenue $609.0M $547.5M $511.7M
YoY Change 11.23% 11.44% 5.83%
Cost Of Revenue $440.2M $402.7M $369.5M
YoY Change 9.31% 14.6% 6.21%
Gross Profit $168.8M $144.8M $142.2M
YoY Change 16.57% 3.5% 4.87%
Gross Profit Margin 27.72% 26.45% 27.79%
Selling, General & Admin $39.50M $35.30M $36.10M
YoY Change 11.9% -7.35% -1.1%
% of Gross Profit 23.4% 24.38% 25.39%
Research & Development $14.20M $13.00M $12.90M
YoY Change 9.23% 7.44% 6.61%
% of Gross Profit 8.41% 8.98% 9.07%
Depreciation & Amortization $34.00M $29.80M $28.20M
YoY Change 14.09% 18.73% 16.05%
% of Gross Profit 20.14% 20.58% 19.83%
Operating Expenses $53.70M $48.30M $49.00M
YoY Change 11.18% -3.78% 0.82%
Operating Profit $115.1M $96.50M $93.20M
YoY Change 19.27% 7.58% 7.13%
Interest Expense $11.90M $8.700M -$7.400M
YoY Change 36.78% 27.94% 39.62%
% of Operating Profit 10.34% 9.02% -7.94%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $103.2M $87.80M $85.80M
YoY Change 17.54% 5.91% 5.02%
Income Tax $23.60M $20.00M $20.30M
% Of Pretax Income 22.87% 22.78% 23.66%
Net Earnings $80.90M $68.80M $88.10M
YoY Change 17.59% 11.69% 48.07%
Net Earnings / Revenue 13.28% 12.57% 17.22%
Basic Earnings Per Share $0.95 $0.77 $0.97
Diluted Earnings Per Share $0.94 $0.76 $0.96
COMMON SHARES
Basic Shares Outstanding 85.20M 88.80M
Diluted Shares Outstanding 86.20M

Balance Sheet

Concept 2019 Q2 2018 Q2 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.40M $39.10M $60.10M
YoY Change 41.69% -14.07% 70.74%
Cash & Equivalents $55.40M $39.10M $60.10M
Short-Term Investments
Other Short-Term Assets $30.40M $38.40M $33.90M
YoY Change -20.83% 4.92% -3.69%
Inventory $339.3M $305.4M $314.0M
Prepaid Expenses
Receivables $313.3M $324.9M $248.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $798.1M $707.8M $656.7M
YoY Change 12.76% 9.16% 8.19%
LONG-TERM ASSETS
Property, Plant & Equipment $1.922B $1.880B $1.866B
YoY Change 2.25% 5.27% 14.81%
Goodwill $189.6M $110.1M
YoY Change 65.32%
Intangibles $94.00M
YoY Change
Long-Term Investments $51.80M $44.60M $47.70M
YoY Change 16.14% -30.2% -10.17%
Other Assets $139.7M $58.80M $61.50M
YoY Change 137.59% 5.0% 44.03%
Total Long-Term Assets $2.397B $2.128B $2.124B
YoY Change 12.63% 7.55% 18.43%
TOTAL ASSETS
Total Short-Term Assets $798.1M $707.8M $656.7M
Total Long-Term Assets $2.397B $2.128B $2.124B
Total Assets $3.195B $2.836B $2.781B
YoY Change 12.66% 7.95% 15.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.8M $147.1M $144.1M
YoY Change 20.87% 5.45% 4.95%
Accrued Expenses $105.3M $68.60M $40.70M
YoY Change 53.5% -45.98% -35.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.700M $9.300M $4.300M
YoY Change 4.3% 116.28% 0.0%
Total Short-Term Liabilities $359.7M $293.8M $262.1M
YoY Change 22.43% 8.49% -3.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.116B $930.1M $805.6M
YoY Change 19.97% 13.8% 17.71%
Other Long-Term Liabilities $234.8M $171.1M $172.7M
YoY Change 37.23% -18.09% 8.34%
Total Long-Term Liabilities $1.351B $1.101B $978.3M
YoY Change 22.65% 427.14% 15.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $359.7M $293.8M $262.1M
Total Long-Term Liabilities $1.351B $1.101B $978.3M
Total Liabilities $1.753B $1.436B $1.286B
YoY Change 22.03% 10.74% 11.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.854B $1.606B $1.496B
YoY Change 15.43% 18.05% 19.24%
Common Stock $819.0M $793.1M $775.4M
YoY Change 3.27% 3.78% 4.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.113B $918.7M $731.4M
YoY Change 21.11% 30.96% 27.13%
Treasury Stock Shares $24.00M $20.90M $18.20M
Shareholders Equity $1.442B $1.400B $1.495B
YoY Change
Total Liabilities & Shareholders Equity $3.195B $2.836B $2.781B
YoY Change 12.66% 7.95% 15.84%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2017 Q4
OPERATING ACTIVITIES
Net Income $80.90M $68.80M $88.10M
YoY Change 17.59% 11.69% 48.07%
Depreciation, Depletion And Amortization $34.00M $29.80M $28.20M
YoY Change 14.09% 18.73% 16.05%
Cash From Operating Activities $111.3M $94.60M $120.2M
YoY Change 17.65% -26.21% 4.89%
INVESTING ACTIVITIES
Capital Expenditures -$38.20M -$42.40M -$56.80M
YoY Change -9.91% -49.34% -40.89%
Acquisitions
YoY Change
Other Investing Activities -$4.800M $0.00 -$64.00M
YoY Change 1180.0%
Cash From Investing Activities -$43.00M -$42.40M -$120.8M
YoY Change 1.42% -49.34% 19.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.70M -57.80M -59.30M
YoY Change -1.9% -32.0% 204.1%
NET CHANGE
Cash From Operating Activities 111.3M 94.60M 120.2M
Cash From Investing Activities -43.00M -42.40M -120.8M
Cash From Financing Activities -56.70M -57.80M -59.30M
Net Change In Cash 11.60M -5.600M -59.90M
YoY Change -307.14% -86.17% 898.33%
FREE CASH FLOW
Cash From Operating Activities $111.3M $94.60M $120.2M
Capital Expenditures -$38.20M -$42.40M -$56.80M
Free Cash Flow $149.5M $137.0M $177.0M
YoY Change 9.12% -35.35% -15.99%

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