2017 Q2 Form 10-Q Financial Statement

#000103797617000032 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $3.470B $1.604B
YoY Change 116.41% 16.75%
Cost Of Revenue $1.596B
YoY Change
Gross Profit $1.875B
YoY Change
Gross Profit Margin 54.02%
Selling, General & Admin $1.697B $1.448B
YoY Change 17.2% 16.47%
% of Gross Profit 90.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.20M $31.40M
YoY Change 31.21% 23.14%
% of Gross Profit 2.2%
Operating Expenses $3.340B $1.490B
YoY Change 124.17% 17.25%
Operating Profit $130.8M $113.9M
YoY Change 14.84% 10.58%
Interest Expense -$100.0K -$1.700M
YoY Change -94.12% -122.49%
% of Operating Profit -0.08% -1.49%
Other Income/Expense, Net $0.00 $13.30M
YoY Change -100.0%
Pretax Income $130.7M $125.5M
YoY Change 4.14% 2.45%
Income Tax $35.80M $31.10M
% Of Pretax Income 27.39% 24.78%
Net Earnings $94.50M $79.00M
YoY Change 19.62% -12.51%
Net Earnings / Revenue 2.72% 4.93%
Basic Earnings Per Share $2.08 $1.75
Diluted Earnings Per Share $2.06 $1.73
COMMON SHARES
Basic Shares Outstanding 45.29M shares 45.12M shares
Diluted Shares Outstanding 45.78M shares 45.57M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.0M $214.0M
YoY Change 16.82% 12.04%
Cash & Equivalents $250.3M $213.7M
Short-Term Investments
Other Short-Term Assets $163.9M $124.4M
YoY Change 31.75% 259.19%
Inventory
Prepaid Expenses $102.0M $74.50M
Receivables $1.718B $1.490B
Other Receivables $1.165B $548.0M
Total Short-Term Assets $3.399B $2.451B
YoY Change 38.72% 23.45%
LONG-TERM ASSETS
Property, Plant & Equipment $512.9M $432.4M
YoY Change 18.62% 19.12%
Goodwill $2.669B $2.263B
YoY Change 17.95% 17.04%
Intangibles $302.0M $233.7M
YoY Change 29.23% 508.59%
Long-Term Investments $364.0M $358.0M
YoY Change 1.68% 7.51%
Other Assets $79.30M $86.40M
YoY Change -8.22% 39.44%
Total Long-Term Assets $4.499B $3.891B
YoY Change 15.62% 27.22%
TOTAL ASSETS
Total Short-Term Assets $3.399B $2.451B
Total Long-Term Assets $4.499B $3.891B
Total Assets $7.898B $6.341B
YoY Change 24.55% 25.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $802.0M $661.0M
YoY Change 21.33% 14.76%
Accrued Expenses $741.0M $672.0M
YoY Change 10.27% 1.36%
Deferred Revenue
YoY Change
Short-Term Debt $69.50M $20.60M
YoY Change 237.38% -7.0%
Long-Term Debt Due $70.00M $21.00M
YoY Change 233.33% -4.55%
Total Short-Term Liabilities $2.852B $1.954B
YoY Change 45.93% 20.4%
LONG-TERM LIABILITIES
Long-Term Debt $1.327B $1.081B
YoY Change 22.76% 78.68%
Other Long-Term Liabilities $166.5M $238.1M
YoY Change -30.07% 107.93%
Total Long-Term Liabilities $166.5M $238.1M
YoY Change -30.07% 107.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.852B $1.954B
Total Long-Term Liabilities $166.5M $238.1M
Total Liabilities $4.860B $3.525B
YoY Change 37.89% 38.31%
SHAREHOLDERS EQUITY
Retained Earnings $2.405B $2.135B
YoY Change 12.65% 21.91%
Common Stock $1.028B $1.005B
YoY Change 2.29% 3.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.005B $2.761B
YoY Change
Total Liabilities & Shareholders Equity $7.898B $6.341B
YoY Change 24.55% 25.74%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $94.50M $79.00M
YoY Change 19.62% -12.51%
Depreciation, Depletion And Amortization $41.20M $31.40M
YoY Change 31.21% 23.14%
Cash From Operating Activities $173.0M $54.10M
YoY Change 219.78% -55.25%
INVESTING ACTIVITIES
Capital Expenditures -$31.60M -$46.50M
YoY Change -32.04% 77.48%
Acquisitions
YoY Change
Other Investing Activities -$2.600M $31.70M
YoY Change -108.2% -170.29%
Cash From Investing Activities -$34.20M -$14.80M
YoY Change 131.08% -79.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -132.6M -62.80M
YoY Change 111.15% 8.65%
NET CHANGE
Cash From Operating Activities 173.0M 54.10M
Cash From Investing Activities -34.20M -14.80M
Cash From Financing Activities -132.6M -62.80M
Net Change In Cash 6.200M -23.50M
YoY Change -126.38% 190.12%
FREE CASH FLOW
Cash From Operating Activities $173.0M $54.10M
Capital Expenditures -$31.60M -$46.50M
Free Cash Flow $204.6M $100.6M
YoY Change 103.38% -31.61%

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