2019 Q4 Form 10-Q Financial Statement

#000103797619000071 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $5.401B $4.496B $3.970B
YoY Change 10.45% 13.24% 12.71%
Cost Of Revenue $2.226B $1.950B $1.756B
YoY Change 7.6% 11.03% 13.92%
Gross Profit $3.175B $2.546B $2.214B
YoY Change 12.53% 15.0% 11.76%
Gross Profit Margin 58.79% 56.63% 55.76%
Selling, General & Admin $2.680B $2.251B $1.976B
YoY Change 11.26% 13.87% 9.94%
% of Gross Profit 84.4% 88.4% 89.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.80M $53.60M $42.70M
YoY Change 3.27% 25.53% 2.15%
% of Gross Profit 1.79% 2.11% 1.93%
Operating Expenses $5.032B $4.324B $3.779B
YoY Change 9.94% 14.42% 11.66%
Operating Profit $368.3M $171.6M $190.9M
YoY Change 17.89% -10.11% 38.53%
Interest Expense -$11.20M -$900.0K -$8.900M
YoY Change 119.61% -89.89% 286.96%
% of Operating Profit -3.04% -0.52% -4.66%
Other Income/Expense, Net $1.100M $700.0K -$300.0K
YoY Change -91.85% -333.33% 0.0%
Pretax Income $358.2M $171.4M $181.7M
YoY Change 11.66% -5.67% 34.39%
Income Tax $86.40M $42.10M $45.60M
% Of Pretax Income 24.12% 24.56% 25.1%
Net Earnings $274.4M $128.9M $134.9M
YoY Change 36.31% -4.45% 37.23%
Net Earnings / Revenue 5.08% 2.87% 3.4%
Basic Earnings Per Share $5.31 $2.50 $2.96
Diluted Earnings Per Share $5.23 $2.47 $2.93
COMMON SHARES
Basic Shares Outstanding 51.53M shares 51.53M shares 45.55M shares
Diluted Shares Outstanding 52.10M shares 45.97M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $452.0M $402.0M $327.0M
YoY Change -6.03% 22.94% 17.63%
Cash & Equivalents $451.9M $402.2M $327.0M
Short-Term Investments
Other Short-Term Assets $2.049B $1.849B $1.716B
YoY Change 9.98% 7.75% 1051.68%
Inventory
Prepaid Expenses
Receivables $2.034B $1.769B $1.610B
Other Receivables $1.000B $1.223B $915.0M
Total Short-Term Assets $5.869B $5.590B $4.861B
YoY Change 12.73% 14.99% 62.79%
LONG-TERM ASSETS
Property, Plant & Equipment $701.9M $671.0M $540.8M
YoY Change 23.6% 24.08% 4.68%
Goodwill $4.168B $4.083B $2.690B
YoY Change 54.5% 51.81% -0.43%
Intangibles $682.6M $675.6M $291.5M
YoY Change 102.61% 131.77% -5.17%
Long-Term Investments $404.0M $412.0M $372.0M
YoY Change 13.17% 10.75% -0.27%
Other Assets $197.2M $202.6M $164.4M
YoY Change 2.34% 23.24% 78.31%
Total Long-Term Assets $7.804B $7.488B $4.758B
YoY Change 61.93% 57.38% 4.15%
TOTAL ASSETS
Total Short-Term Assets $5.869B $5.590B $4.861B
Total Long-Term Assets $7.804B $7.488B $4.758B
Total Assets $13.67B $13.08B $9.619B
YoY Change 36.38% 35.96% 27.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.289B $939.0M $995.0M
YoY Change 2.22% -5.63% 25.31%
Accrued Expenses $1.883B $1.447B $1.206B
YoY Change 17.32% 19.98% 29.54%
Deferred Revenue
YoY Change
Short-Term Debt $120.1M $100.4M $83.70M
YoY Change 267.28% 19.95% 30.37%
Long-Term Debt Due $120.0M $100.0M $84.00M
YoY Change 263.64% 19.05% 31.25%
Total Short-Term Liabilities $5.490B $4.863B $4.335B
YoY Change 15.3% 12.18% 67.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.177B $1.765B $901.0M
YoY Change 79.42% 95.89% -19.41%
Other Long-Term Liabilities $436.2M $400.9M $328.3M
YoY Change 12.63% 22.11% 84.96%
Total Long-Term Liabilities $436.2M $400.9M $328.3M
YoY Change 12.63% 22.11% 84.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.490B $4.863B $4.335B
Total Long-Term Liabilities $436.2M $400.9M $328.3M
Total Liabilities $8.459B $8.211B $6.046B
YoY Change 34.47% 35.81% 38.07%
SHAREHOLDERS EQUITY
Retained Earnings $3.588B $3.337B $2.913B
YoY Change 15.91% 14.53% 16.93%
Common Stock $1.963B $1.938B $1.050B
YoY Change 85.6% 84.55% 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $5.118B $4.784B $3.532B
YoY Change
Total Liabilities & Shareholders Equity $13.67B $13.08B $9.619B
YoY Change 36.38% 35.96% 27.33%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $274.4M $128.9M $134.9M
YoY Change 36.31% -4.45% 37.23%
Depreciation, Depletion And Amortization $56.80M $53.60M $42.70M
YoY Change 3.27% 25.53% 2.15%
Cash From Operating Activities $735.3M $231.6M $267.6M
YoY Change 21.66% -13.45% -15.4%
INVESTING ACTIVITIES
Capital Expenditures -$135.9M -$47.30M -$39.10M
YoY Change 112.34% 20.97% 12.03%
Acquisitions
YoY Change
Other Investing Activities $80.30M -$805.1M -$24.40M
YoY Change -216.04% 3199.59% 662.5%
Cash From Investing Activities -$55.60M -$852.4M -$63.50M
YoY Change -58.26% 1242.36% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -610.0M 647.1M -210.7M
YoY Change 94.39% -407.12% -15.62%
NET CHANGE
Cash From Operating Activities 735.3M 231.6M 267.6M
Cash From Investing Activities -55.60M -852.4M -63.50M
Cash From Financing Activities -610.0M 647.1M -210.7M
Net Change In Cash 69.70M 26.30M -6.600M
YoY Change -55.72% -498.48% -123.16%
FREE CASH FLOW
Cash From Operating Activities $735.3M $231.6M $267.6M
Capital Expenditures -$135.9M -$47.30M -$39.10M
Free Cash Flow $871.2M $278.9M $306.7M
YoY Change 30.34% -9.06% -12.67%

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95000000.0 USD
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272100000 USD
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P6Y6M
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153100000 USD
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81000000.0 USD
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33900000 USD
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CY2019Q3 us-gaap Short Term Borrowings
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700000 USD
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20700000 USD
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2700000 USD
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8500000 USD
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3800000 USD
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3800000 USD
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0 USD

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