2019 Q3 Form 10-Q Financial Statement

#000156459019037240 Filed on October 21, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q1
Revenue $572.5M $540.5M $540.1M
YoY Change 5.92% 9.97% 12.8%
Cost Of Revenue $414.6M $397.5M $397.5M
YoY Change 4.3% 11.69% 15.32%
Gross Profit $157.9M $143.0M $142.6M
YoY Change 10.42% 5.46% 6.34%
Gross Profit Margin 27.58% 26.46% 26.4%
Selling, General & Admin $33.80M $32.60M $46.40M
YoY Change 3.68% -6.05% 8.16%
% of Gross Profit 21.41% 22.8% 32.54%
Research & Development $14.20M $13.90M $13.80M
YoY Change 2.16% 17.8% 9.52%
% of Gross Profit 8.99% 9.72% 9.68%
Depreciation & Amortization $34.40M $31.20M $29.80M
YoY Change 10.26% 16.42% 22.13%
% of Gross Profit 21.79% 21.82% 20.9%
Operating Expenses $48.00M $46.50M $13.80M
YoY Change 3.23% 34.01% -75.14%
Operating Profit $109.9M $96.50M $82.40M
YoY Change 13.89% 8.31% 4.83%
Interest Expense $11.00M $10.60M $8.000M
YoY Change 3.77% -251.43% 29.03%
% of Operating Profit 10.01% 10.98% 9.71%
Other Income/Expense, Net
YoY Change
Pretax Income $98.90M $85.90M $74.40M
YoY Change 15.13% 4.63% 2.76%
Income Tax $18.20M $7.800M $14.10M
% Of Pretax Income 18.4% 9.08% 18.95%
Net Earnings $80.30M $80.10M $61.60M
YoY Change 0.25% 14.92% -4.64%
Net Earnings / Revenue 14.03% 14.82% 11.41%
Basic Earnings Per Share $0.94 $0.92 $0.68
Diluted Earnings Per Share $0.93 $0.91 $0.68
COMMON SHARES
Basic Shares Outstanding 85.10M 87.00M 90.00M
Diluted Shares Outstanding 86.10M 88.10M 91.20M

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.00M $47.20M $49.80M
YoY Change -0.42% -60.37% -39.34%
Cash & Equivalents $47.00M $47.20M $49.80M
Short-Term Investments
Other Short-Term Assets $27.10M $29.10M $34.50M
YoY Change -6.87% -3.0% 2.37%
Inventory $352.2M $308.7M $300.8M
Prepaid Expenses
Receivables $345.3M $270.3M $330.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $771.6M $699.0M $715.9M
YoY Change 10.39% -1.2% 4.24%
LONG-TERM ASSETS
Property, Plant & Equipment $1.924B $1.894B $1.902B
YoY Change 1.56% 3.76% 11.84%
Goodwill $187.8M
YoY Change
Intangibles $91.60M
YoY Change
Long-Term Investments $45.80M $45.90M $51.00M
YoY Change -0.22% -31.59% -18.79%
Other Assets $134.7M $62.80M $65.50M
YoY Change 114.49% -0.48% 24.52%
Total Long-Term Assets $2.384B $2.148B $2.169B
YoY Change 10.99% 5.8% 14.83%
TOTAL ASSETS
Total Short-Term Assets $771.6M $699.0M $715.9M
Total Long-Term Assets $2.384B $2.148B $2.169B
Total Assets $3.155B $2.847B $2.885B
YoY Change 10.84% 3.99% 12.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.5M $143.1M $154.8M
YoY Change 14.95% 11.28% 9.24%
Accrued Expenses $102.6M $50.40M $111.6M
YoY Change 103.57% -59.68% -13.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.300M $9.300M $4.400M
YoY Change 0.0% 121.43% 4.76%
Total Short-Term Liabilities $347.0M $270.9M $270.8M
YoY Change 28.09% 5.08% -1.46%
LONG-TERM LIABILITIES
Long-Term Debt $1.115B $980.7M $835.6M
YoY Change 13.71% 18.21% -0.17%
Other Long-Term Liabilities $233.3M $184.9M $215.8M
YoY Change 26.18% -17.12% 7.36%
Total Long-Term Liabilities $1.349B $1.166B $1.051B
YoY Change 15.69% 10.72% 1.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $347.0M $270.9M $270.8M
Total Long-Term Liabilities $1.349B $1.166B $1.051B
Total Liabilities $1.737B $1.479B $1.322B
YoY Change 17.46% 12.87% 0.72%
SHAREHOLDERS EQUITY
Retained Earnings $1.920B $1.673B
YoY Change 14.74%
Common Stock $827.8M $796.3M
YoY Change 3.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.169B $1.021B
YoY Change 14.52%
Treasury Stock Shares $24.70M $22.40M
Shareholders Equity $1.418B $1.367B $1.563B
YoY Change
Total Liabilities & Shareholders Equity $3.155B $2.847B $2.885B
YoY Change 10.84% 3.99% 12.01%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q1
OPERATING ACTIVITIES
Net Income $80.30M $80.10M $61.60M
YoY Change 0.25% 14.92% -4.64%
Depreciation, Depletion And Amortization $34.40M $31.20M $29.80M
YoY Change 10.26% 16.42% 22.13%
Cash From Operating Activities $120.1M $121.2M $62.60M
YoY Change -0.91% -3.89% 15.5%
INVESTING ACTIVITIES
Capital Expenditures -$63.40M -$48.30M $59.50M
YoY Change 31.26% -7.29% -30.41%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$700.0K $0.00
YoY Change -100.0% -65.0% -100.0%
Cash From Investing Activities -$63.40M -$49.00M -$59.50M
YoY Change 29.39% -9.43% -37.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.10M
YoY Change -52.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -63.40M -63.50M -15.50M
YoY Change -0.16% 3427.78% -117.65%
NET CHANGE
Cash From Operating Activities 120.1M 121.2M 62.60M
Cash From Investing Activities -63.40M -49.00M -59.50M
Cash From Financing Activities -63.40M -63.50M -15.50M
Net Change In Cash -6.700M 8.700M -12.40M
YoY Change -177.01% -87.61% -126.67%
FREE CASH FLOW
Cash From Operating Activities $120.1M $121.2M $62.60M
Capital Expenditures -$63.40M -$48.30M $59.50M
Free Cash Flow $183.5M $169.5M $3.100M
YoY Change 8.26% -4.88% -109.9%

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