2018 Q1 Form 10-Q Financial Statement

#000156459018009879 Filed on April 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $768.2M $637.4M
YoY Change 20.52% 24.96%
Cost Of Revenue $48.70M $29.90M
YoY Change 62.88% 18.18%
Gross Profit $719.5M $607.6M
YoY Change 18.42% 25.33%
Gross Profit Margin 93.66% 95.32%
Selling, General & Admin $506.6M $444.5M
YoY Change 13.97% 18.03%
% of Gross Profit 70.41% 73.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.234M $7.662M
YoY Change 7.47% -8.67%
% of Gross Profit 1.14% 1.26%
Operating Expenses $533.7M $457.3M
YoY Change 16.71% 18.35%
Operating Profit $185.8M $150.2M
YoY Change 23.72% 52.67%
Interest Expense $13.51M $13.96M
YoY Change -3.22% 17.3%
% of Operating Profit 7.27% 9.29%
Other Income/Expense, Net $26.19M $9.257M
YoY Change 182.95% 1.01%
Pretax Income $185.8M $150.2M
YoY Change 23.7% 52.64%
Income Tax $24.17M $39.77M
% Of Pretax Income 13.01% 26.48%
Net Earnings $159.7M $107.6M
YoY Change 48.48% 60.95%
Net Earnings / Revenue 20.79% 16.87%
Basic Earnings Per Share $1.33 $0.88
Diluted Earnings Per Share $1.21 $0.81
COMMON SHARES
Basic Shares Outstanding 119.9M 122.8M
Diluted Shares Outstanding 132.1M 132.7M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.864B $1.498B
YoY Change 24.45% 33.37%
Cash & Equivalents $962.3M $1.498B
Short-Term Investments
Other Short-Term Assets $38.60M $33.70M
YoY Change 14.54% -0.88%
Inventory
Prepaid Expenses
Receivables $543.8M $439.8M
Other Receivables $130.9M $87.80M
Total Short-Term Assets $2.539B $2.025B
YoY Change 25.35% 23.68%
LONG-TERM ASSETS
Property, Plant & Equipment $213.9M $206.1M
YoY Change 3.78% -0.37%
Goodwill $383.1M $379.8M
YoY Change 0.87% 16.13%
Intangibles
YoY Change
Long-Term Investments $355.0M $222.0K
YoY Change 159809.91% -99.95%
Other Assets $638.4M $1.135B
YoY Change -43.76% 0.81%
Total Long-Term Assets $1.947B $2.360B
YoY Change -17.52% -0.59%
TOTAL ASSETS
Total Short-Term Assets $2.539B $2.025B
Total Long-Term Assets $1.947B $2.360B
Total Assets $4.485B $4.385B
YoY Change 2.28% 9.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $955.7M $625.8M
YoY Change 52.72% 19.11%
Accrued Expenses $331.7M $289.0M
YoY Change 14.78% 23.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.287B $914.8M
YoY Change 40.73% 20.35%
LONG-TERM LIABILITIES
Long-Term Debt $1.191B $1.196B
YoY Change -0.43% 19.76%
Other Long-Term Liabilities $941.1M $1.053B
YoY Change -10.58% 3.28%
Total Long-Term Liabilities $2.132B $2.249B
YoY Change -5.19% 11.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.287B $914.8M
Total Long-Term Liabilities $2.132B $2.249B
Total Liabilities $3.489B $3.172B
YoY Change 9.98% 13.74%
SHAREHOLDERS EQUITY
Retained Earnings $1.102B
YoY Change 13.51%
Common Stock $609.4M
YoY Change 15.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $996.6M $1.153B
YoY Change
Total Liabilities & Shareholders Equity $4.485B $4.385B
YoY Change 2.28% 9.31%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $159.7M $107.6M
YoY Change 48.48% 60.95%
Depreciation, Depletion And Amortization $8.234M $7.662M
YoY Change 7.47% -8.67%
Cash From Operating Activities -$38.71M $99.30M
YoY Change -138.98% -199.4%
INVESTING ACTIVITIES
Capital Expenditures $16.16M $3.847M
YoY Change 320.02% -29.46%
Acquisitions
YoY Change
Other Investing Activities $1.200M $100.0K
YoY Change 1100.0% 0.0%
Cash From Investing Activities -$14.93M -$3.700M
YoY Change 303.43% -31.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $145.9M $106.0M
YoY Change 37.63% 27.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -586.8M -224.0M
YoY Change 161.96% -33.67%
NET CHANGE
Cash From Operating Activities -38.71M 99.30M
Cash From Investing Activities -14.93M -3.700M
Cash From Financing Activities -586.8M -224.0M
Net Change In Cash -591.0M -128.4M
YoY Change 360.29% -71.02%
FREE CASH FLOW
Cash From Operating Activities -$38.71M $99.30M
Capital Expenditures $16.16M $3.847M
Free Cash Flow -$54.87M $95.45M
YoY Change -157.48% -190.6%

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