2018 Q4 Form 10-Q Financial Statement

#000156459018025419 Filed on October 29, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $687.2M $640.8M $624.9M
YoY Change 1.24% 2.55% 2.62%
Cost Of Revenue $46.90M $49.10M $31.60M
YoY Change 45.2% 55.38% 7.85%
Gross Profit $657.4M $591.7M $606.5M
YoY Change -0.41% -2.44% 2.48%
Gross Profit Margin 95.66% 92.34% 97.06%
Selling, General & Admin $465.1M $444.5M $453.1M
YoY Change 64.0% -1.9% 4.71%
% of Gross Profit 70.75% 75.12% 74.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.800M $8.600M $8.000M
YoY Change -31.25% 7.5% -9.09%
% of Gross Profit 1.34% 1.45% 1.32%
Operating Expenses $504.0M $459.7M $462.3M
YoY Change 67.16% -0.56% 4.4%
Operating Profit $156.3M $138.7M $144.2M
YoY Change -56.4% -3.84% -3.21%
Interest Expense $14.32M
YoY Change
% of Operating Profit 10.33%
Other Income/Expense, Net $14.45M
YoY Change
Pretax Income $156.3M $138.7M $144.2M
YoY Change -56.4% -3.81% -3.22%
Income Tax $42.60M $29.96M $32.70M
% Of Pretax Income 27.26% 21.6% 22.68%
Net Earnings $113.4M $107.1M $109.2M
YoY Change -235.71% -1.96% -2.96%
Net Earnings / Revenue 16.5% 16.71% 17.48%
Basic Earnings Per Share $0.97 $0.90 $0.90
Diluted Earnings Per Share $0.89 $0.82 $0.82
COMMON SHARES
Basic Shares Outstanding 129.8M 119.5M 129.8M
Diluted Shares Outstanding 129.9M

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.292B $2.186B $1.942B
YoY Change -6.64% 12.59% 36.38%
Cash & Equivalents $1.247B $2.186B $1.942B
Short-Term Investments
Other Short-Term Assets $38.40M $38.00M $35.40M
YoY Change 8.17% 7.34% 0.57%
Inventory
Prepaid Expenses
Receivables $501.4M $546.8M $451.2M
Other Receivables $184.1M $94.00M $100.7M
Total Short-Term Assets $2.977B $2.827B $2.494B
YoY Change -1.62% 13.37% 27.13%
LONG-TERM ASSETS
Property, Plant & Equipment $212.9M $214.3M $200.8M
YoY Change 3.72% 6.72% -1.71%
Goodwill $371.6M $375.0M $385.5M
YoY Change -3.56% -2.72% 11.4%
Intangibles
YoY Change
Long-Term Investments $575.1M $609.6M $222.0K
YoY Change 34.62% 274494.59% -99.95%
Other Assets $597.8M $610.4M $1.100B
YoY Change -8.07% -44.5% -0.64%
Total Long-Term Assets $2.020B $2.118B $2.343B
YoY Change 6.18% -9.6% 0.08%
TOTAL ASSETS
Total Short-Term Assets $2.977B $2.827B $2.494B
Total Long-Term Assets $2.020B $2.118B $2.343B
Total Assets $4.997B $4.945B $4.836B
YoY Change 1.39% 2.24% 12.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.154B $1.056B $702.0M
YoY Change 16.32% 50.47% 19.57%
Accrued Expenses $585.5M $489.1M $490.8M
YoY Change -1.4% -0.35% 30.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.740B $1.545B $1.193B
YoY Change 9.68% 29.56% 23.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.434B $1.434B $1.190B
YoY Change 20.49% 20.49% 19.17%
Other Long-Term Liabilities $847.6M $837.6M $1.081B
YoY Change -4.11% -22.5% 4.86%
Total Long-Term Liabilities $2.282B $2.271B $2.271B
YoY Change 10.01% 0.03% 11.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.740B $1.545B $1.193B
Total Long-Term Liabilities $2.282B $2.271B $2.271B
Total Liabilities $4.027B $3.878B $3.529B
YoY Change 9.74% 9.9% 15.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.196B
YoY Change 10.66%
Common Stock $752.0M
YoY Change -4.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $916.9M $1.067B $1.308B
YoY Change
Total Liabilities & Shareholders Equity $4.997B $4.945B $4.836B
YoY Change 1.39% 2.24% 12.41%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $113.4M $107.1M $109.2M
YoY Change -235.71% -1.96% -2.96%
Depreciation, Depletion And Amortization $8.800M $8.600M $8.000M
YoY Change -31.25% 7.5% -9.09%
Cash From Operating Activities $407.5M $226.7M $332.8M
YoY Change 25.89% -31.88% 18.52%
INVESTING ACTIVITIES
Capital Expenditures -$10.30M -$7.300M -$6.100M
YoY Change -15.57% 19.67% -44.55%
Acquisitions
YoY Change
Other Investing Activities $2.000M $100.0K $100.0K
YoY Change 300.0% 0.0% -85.71%
Cash From Investing Activities -$8.200M -$7.300M -$6.000M
YoY Change -29.91% 21.67% -41.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -270.4M 103.5M -168.7M
YoY Change -263.38% -161.35% 173.42%
NET CHANGE
Cash From Operating Activities 407.5M 226.7M 332.8M
Cash From Investing Activities -8.200M -7.300M -6.000M
Cash From Financing Activities -270.4M 103.5M -168.7M
Net Change In Cash 128.9M 322.9M 158.1M
YoY Change -73.01% 104.24% -24.32%
FREE CASH FLOW
Cash From Operating Activities $407.5M $226.7M $332.8M
Capital Expenditures -$10.30M -$7.300M -$6.100M
Free Cash Flow $417.8M $234.0M $338.9M
YoY Change 24.38% -30.95% 16.14%

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CY2018Q3 laz Weighted Average Number Of Shares Non Contingently Issuable Adjustment
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CY2017Q3 laz Weighted Average Number Of Shares Non Contingently Issuable Adjustment
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255991
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WeightedAverageNumberOfSharesNonContingentlyIssuableAdjustment
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CY2017Q3 us-gaap Allocated Share Based Compensation Expense
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CY2017Q3 laz Compensation Expense Related To Change In Fair Value Of Underlying Investments
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laz Compensation Expense Related To Change In Fair Value Of Underlying Investments
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laz Compensation Expense Related To Change In Fair Value Of Underlying Investments
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107074000
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413729000
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337141000
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CY2017Q3 laz Weighted Average Number Of Shares Outstanding Basic Before Adjustments
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120987607
laz Weighted Average Number Of Shares Outstanding Basic Before Adjustments
WeightedAverageNumberOfSharesOutstandingBasicBeforeAdjustments
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