2018 Q2 Form 10-Q Financial Statement

#000102056918000082 Filed on July 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.061B $949.8M
YoY Change 11.69% 7.47%
Cost Of Revenue $449.6M $414.3M
YoY Change 8.52% 4.73%
Gross Profit $611.2M $535.5M
YoY Change 14.14% 9.71%
Gross Profit Margin 57.62% 56.38%
Selling, General & Admin $252.2M $237.4M
YoY Change 6.22% -14.3%
% of Gross Profit 41.27% 44.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $156.2M $128.1M
YoY Change 21.95% 11.37%
% of Gross Profit 25.56% 23.92%
Operating Expenses $252.2M $237.4M
YoY Change 6.22% -14.3%
Operating Profit $201.5M $170.2M
YoY Change 18.37% 76.14%
Interest Expense -$83.60M -$69.80M
YoY Change 19.77% -24.21%
% of Operating Profit -41.5% -41.01%
Other Income/Expense, Net $19.06M $19.37M
YoY Change -1.6% -175.53%
Pretax Income $118.3M $99.60M
YoY Change 18.8% -2653.85%
Income Tax $26.06M $18.01M
% Of Pretax Income 22.02% 18.08%
Net Earnings $91.90M $81.12M
YoY Change 13.29% -717.7%
Net Earnings / Revenue 8.66% 8.54%
Basic Earnings Per Share $0.32 $0.30
Diluted Earnings Per Share $0.32 $0.30
COMMON SHARES
Basic Shares Outstanding 286.0M shares 264.2M shares
Diluted Shares Outstanding 286.6M shares 264.9M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $188.0M $291.0M
YoY Change -35.4% 22.78%
Cash & Equivalents $188.2M $291.0M
Short-Term Investments
Other Short-Term Assets $189.0M $184.5M
YoY Change 2.44% -6.77%
Inventory
Prepaid Expenses
Receivables $867.0M $730.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.244B $1.206B
YoY Change 3.19% -6.48%
LONG-TERM ASSETS
Property, Plant & Equipment $4.406B $3.175B
YoY Change 38.77% -0.65%
Goodwill $4.467B $3.989B
YoY Change 11.98% 3.87%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $164.5M $147.6M
YoY Change 11.47% 41.19%
Total Long-Term Assets $10.57B $8.609B
YoY Change 22.81% 1.86%
TOTAL ASSETS
Total Short-Term Assets $1.244B $1.206B
Total Long-Term Assets $10.57B $8.609B
Total Assets $11.82B $9.815B
YoY Change 20.4% 0.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $293.3M $247.1M
YoY Change 18.68% 12.27%
Accrued Expenses $599.8M $579.1M
YoY Change 3.58% 39.35%
Deferred Revenue $256.2M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $123.8M $423.3M
YoY Change -70.75% 276.21%
Total Short-Term Liabilities $1.273B $1.475B
YoY Change -13.66% 50.16%
LONG-TERM LIABILITIES
Long-Term Debt $7.962B $6.029B
YoY Change 32.06% -1.21%
Other Long-Term Liabilities $119.1M $85.95M
YoY Change 38.57% -0.49%
Total Long-Term Liabilities $8.081B $6.115B
YoY Change 32.15% -1.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.273B $1.475B
Total Long-Term Liabilities $8.081B $6.115B
Total Liabilities $9.354B $7.590B
YoY Change 23.25% 5.83%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.260B $3.508B
YoY Change 21.44% 0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.056B $1.856B
YoY Change
Total Liabilities & Shareholders Equity $11.81B $9.815B
YoY Change 20.36% 0.76%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $91.90M $81.12M
YoY Change 13.29% -717.7%
Depreciation, Depletion And Amortization $156.2M $128.1M
YoY Change 21.95% 11.37%
Cash From Operating Activities $301.7M $197.9M
YoY Change 52.45% 57.44%
INVESTING ACTIVITIES
Capital Expenditures $122.0M $92.01M
YoY Change 32.6% 11.1%
Acquisitions $237.9M $26.04M
YoY Change 813.72% -89.88%
Other Investing Activities -$242.2M -$17.60M
YoY Change 1276.14% -91.33%
Cash From Investing Activities -$359.5M -$116.7M
YoY Change 208.05% -60.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -186.5M -98.30M
YoY Change 89.73% -133.48%
NET CHANGE
Cash From Operating Activities 301.7M 197.9M
Cash From Investing Activities -359.5M -116.7M
Cash From Financing Activities -186.5M -98.30M
Net Change In Cash -244.3M -17.10M
YoY Change 1328.65% -113.79%
FREE CASH FLOW
Cash From Operating Activities $301.7M $197.9M
Capital Expenditures $122.0M $92.01M
Free Cash Flow $179.7M $105.9M
YoY Change 69.7% 146.92%

Facts In Submission

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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Subsidiaries Net Of Tax
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us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
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138085000 USD
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138870000 USD
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138036000 USD
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0 USD
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0 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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58983000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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2203000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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0 USD
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
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2388000 USD
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2203000 USD
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7538000 USD
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58322000 USD
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-139172000 USD
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7538000 USD
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OtherComprehensiveIncomeLossNetOfTax
58322000 USD
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OtherComprehensiveIncomeLossNetOfTax
-136784000 USD
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OtherComprehensiveIncomeLossNetOfTax
-105318000 USD
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7649000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
58983000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-133368000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-103461000 USD
CY2017Q4 us-gaap Other Liabilities Current
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1183873000 USD
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1149285000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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73039000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
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119095000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19366000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25730000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19056000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1095000 USD
us-gaap Payments Of Dividends Common Stock
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147393000 USD
us-gaap Payments Of Dividends Common Stock
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337052000 USD
us-gaap Payments Of Financing Costs
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544000 USD
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13385000 USD
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PaymentsToAcquireBusinessesAndInterestInAffiliates
0 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
0 USD
CY2017Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
26036000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
38223000 USD
CY2018Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
237895000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1666869000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
21037000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
23383000 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
125148000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
231940000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
379078000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1921703000 USD
CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92005000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
165207000 USD
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
121996000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
217601000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3079000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1079000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
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10000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
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0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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188874000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
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189101000 USD
us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2423000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
332683000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6251100000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
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ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
810000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
-2259000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
13230000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
10151000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1079000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
8547000 USD
us-gaap Proceeds From Sale Of Productive Assets
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207000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
81122000 USD
us-gaap Profit Loss
ProfitLoss
139629000 USD
CY2018Q2 us-gaap Profit Loss
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93543000 USD
us-gaap Profit Loss
ProfitLoss
138695000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
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7383554000 USD
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3417679000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
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4406487000 USD
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91418000 USD
CY2018Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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95340000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
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17703000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2103281000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
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237445000 USD
us-gaap Selling General And Administrative Expense
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CY2018Q2 us-gaap Selling General And Administrative Expense
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250326000 USD
us-gaap Selling General And Administrative Expense
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520056000 USD
us-gaap Share Based Compensation
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15092000 USD
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16073000 USD
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16150000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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CY2017Q4 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stockholders Equity
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2055940000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1936671000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1857297000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2057447000 USD
CY2017Q2 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
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us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
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CY2018Q2 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
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10257000 USD
us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
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4622000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
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86240000 USD
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91841000 USD
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2388000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
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2203000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264930419 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264930000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264870000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264870043 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286569000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286569251 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286281565 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286282000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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264217000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264036000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285984000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285622000 shares

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