2018 Q1 Form 10-Q Financial Statement

#000103797618000030 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $3.555B $3.118B
YoY Change 14.03% 133.22%
Cost Of Revenue $1.664B $1.501B
YoY Change 10.84%
Gross Profit $1.891B $1.616B
YoY Change 17.0%
Gross Profit Margin 53.19% 51.84%
Selling, General & Admin $1.795B $1.557B
YoY Change 15.25% 22.74%
% of Gross Profit 94.89% 96.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.10M $39.30M
YoY Change 7.12% 25.96%
% of Gross Profit 2.23% 2.43%
Operating Expenses $3.501B $3.102B
YoY Change 12.86% 137.29%
Operating Profit $53.80M $15.40M
YoY Change 249.35% -47.62%
Interest Expense -$200.0K -$7.400M
YoY Change -97.3% -280.49%
% of Operating Profit -0.37% -48.05%
Other Income/Expense, Net $2.500M $1.000M
YoY Change 150.0%
Pretax Income $56.10M $9.000M
YoY Change 523.33% -73.13%
Income Tax $13.50M $1.300M
% Of Pretax Income 24.06% 14.44%
Net Earnings $40.30M $7.200M
YoY Change 459.72% -71.98%
Net Earnings / Revenue 1.13% 0.23%
Basic Earnings Per Share $0.89 $0.16
Diluted Earnings Per Share $0.88 $0.16
COMMON SHARES
Basic Shares Outstanding 45.44M shares 45.26M shares
Diluted Shares Outstanding 45.91M shares 45.69M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $293.0M $223.0M
YoY Change 31.39% -7.08%
Cash & Equivalents $292.8M $223.1M
Short-Term Investments
Other Short-Term Assets $1.652B $157.6M
YoY Change 948.22% 9.9%
Inventory
Prepaid Expenses $93.50M
Receivables $1.476B $1.724B
Other Receivables $760.0M $598.0M
Total Short-Term Assets $4.390B $2.796B
YoY Change 56.98% 13.52%
LONG-TERM ASSETS
Property, Plant & Equipment $561.9M $507.0M
YoY Change 10.83% 15.86%
Goodwill $2.746B $2.624B
YoY Change 4.65% 15.9%
Intangibles $300.1M $308.2M
YoY Change -2.63% 31.48%
Long-Term Investments $381.0M $352.0M
YoY Change 8.24% -2.22%
Other Assets $164.9M $73.70M
YoY Change 123.74% -8.1%
Total Long-Term Assets $4.815B $4.440B
YoY Change 8.44% 14.32%
TOTAL ASSETS
Total Short-Term Assets $4.390B $2.796B
Total Long-Term Assets $4.815B $4.440B
Total Assets $9.204B $7.236B
YoY Change 27.2% 14.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $980.0M $806.0M
YoY Change 21.59% 25.16%
Accrued Expenses $977.0M $736.0M
YoY Change 32.74% 7.6%
Deferred Revenue
YoY Change
Short-Term Debt $95.10M $62.50M
YoY Change 52.16% 164.83%
Long-Term Debt Due $95.00M $63.00M
YoY Change 50.79% 162.5%
Total Short-Term Liabilities $3.838B $2.231B
YoY Change 72.05% 10.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.013B $1.429B
YoY Change -29.11% 35.07%
Other Long-Term Liabilities $361.3M $162.5M
YoY Change 122.34% -29.13%
Total Long-Term Liabilities $361.3M $162.5M
YoY Change 122.34% -29.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.838B $2.231B
Total Long-Term Liabilities $361.3M $162.5M
Total Liabilities $5.729B $4.334B
YoY Change 32.17% 22.26%
SHAREHOLDERS EQUITY
Retained Earnings $2.689B $2.343B
YoY Change 14.8% 13.17%
Common Stock $1.041B $1.020B
YoY Change 2.01% 2.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.435B $2.866B
YoY Change
Total Liabilities & Shareholders Equity $9.204B $7.236B
YoY Change 27.2% 14.01%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $40.30M $7.200M
YoY Change 459.72% -71.98%
Depreciation, Depletion And Amortization $42.10M $39.30M
YoY Change 7.12% 25.96%
Cash From Operating Activities -$258.6M -$211.6M
YoY Change 22.21% -37.19%
INVESTING ACTIVITIES
Capital Expenditures $17.70M $0.00
YoY Change -100.0%
Acquisitions $8.700M $16.60M
YoY Change -47.59% -78.3%
Other Investing Activities -$600.0K $2.200M
YoY Change -127.27% -15.38%
Cash From Investing Activities -$60.00M -$49.70M
YoY Change 20.72% -73.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $341.8M $216.9M
YoY Change 57.58% -59.86%
NET CHANGE
Cash From Operating Activities -$258.6M -$211.6M
Cash From Investing Activities -$60.00M -$49.70M
Cash From Financing Activities $341.8M $216.9M
Net Change In Cash $25.20M -$40.30M
YoY Change -162.53% -310.99%
FREE CASH FLOW
Cash From Operating Activities -$258.6M -$211.6M
Capital Expenditures $17.70M $0.00
Free Cash Flow -$276.3M -$211.6M
YoY Change 30.58% -43.01%

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