2019 Q1 Form 10-Q Financial Statement

#000088933119000030 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $405.5M $417.8M
YoY Change -2.95%
Cost Of Revenue $250.3M $268.2M
YoY Change -6.68%
Gross Profit $155.5M $149.6M
YoY Change 3.96%
Gross Profit Margin 38.36% 35.81%
Selling, General & Admin $62.96M $77.51M
YoY Change -18.78%
% of Gross Profit 40.47% 51.81%
Research & Development $21.41M $22.54M
YoY Change -5.02%
% of Gross Profit 13.76% 15.06%
Depreciation & Amortization $23.28M $23.61M
YoY Change -1.41%
% of Gross Profit 14.97% 15.78%
Operating Expenses $94.56M $112.1M
YoY Change -15.62%
Operating Profit $60.67M $37.57M
YoY Change 61.49%
Interest Expense $5.686M $5.423M
YoY Change 4.85%
% of Operating Profit 9.37% 14.43%
Other Income/Expense, Net -$4.305M $1.943M
YoY Change -321.56%
Pretax Income $46.44M $44.65M
YoY Change 4.02%
Income Tax $9.450M $8.617M
% Of Pretax Income 20.35% 19.3%
Net Earnings $36.99M $36.03M
YoY Change 2.66%
Net Earnings / Revenue 9.12% 8.62%
Basic Earnings Per Share $1.50 $1.48
Diluted Earnings Per Share $1.48 $1.45
COMMON SHARES
Basic Shares Outstanding 24.72M shares 24.34M shares
Diluted Shares Outstanding 25.01M shares 24.78M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $476.6M $412.5M
YoY Change 15.54%
Cash & Equivalents $476.6M $412.5M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $53.20M $47.80M
YoY Change 11.3%
Inventory $261.7M $264.0M
Prepaid Expenses
Receivables $237.9M $244.9M
Other Receivables $700.0K $3.900M
Total Short-Term Assets $1.030B $973.1M
YoY Change 5.87%
LONG-TERM ASSETS
Property, Plant & Equipment $342.3M $337.2M
YoY Change 1.52%
Goodwill $825.5M $840.6M
YoY Change -1.8%
Intangibles $350.4M $405.4M
YoY Change -13.56%
Long-Term Investments $24.60M $31.10M
YoY Change -20.9%
Other Assets $18.83M $28.10M
YoY Change -33.0%
Total Long-Term Assets $1.595B $1.654B
YoY Change -3.6%
TOTAL ASSETS
Total Short-Term Assets $1.030B $973.1M
Total Long-Term Assets $1.595B $1.654B
Total Assets $2.625B $2.628B
YoY Change -0.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.1M $120.8M
YoY Change 6.85%
Accrued Expenses $107.2M $74.93M
YoY Change 43.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $10.11M
YoY Change -1.1%
Total Short-Term Liabilities $269.6M $264.4M
YoY Change 1.96%
LONG-TERM LIABILITIES
Long-Term Debt $676.5M $743.4M
YoY Change -9.0%
Other Long-Term Liabilities $69.41M $81.38M
YoY Change -14.7%
Total Long-Term Liabilities $745.9M $824.8M
YoY Change -9.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $269.6M $264.4M
Total Long-Term Liabilities $745.9M $824.8M
Total Liabilities $1.015B $1.089B
YoY Change -6.77%
SHAREHOLDERS EQUITY
Retained Earnings $882.9M $758.8M
YoY Change 16.36%
Common Stock $254.0K $251.0K
YoY Change 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $130.1M $44.05M
YoY Change 195.34%
Treasury Stock Shares 950.8K shares $453.6K
Shareholders Equity $1.505B $1.442B
YoY Change
Total Liabilities & Shareholders Equity $2.625B $2.628B
YoY Change -0.09%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $36.99M $36.03M
YoY Change 2.66%
Depreciation, Depletion And Amortization $23.28M $23.61M
YoY Change -1.41%
Cash From Operating Activities $30.92M $69.27M
YoY Change -55.36%
INVESTING ACTIVITIES
Capital Expenditures $14.08M $17.91M
YoY Change -21.4%
Acquisitions $775.0K $306.5M
YoY Change -99.75%
Other Investing Activities -$200.0K -$306.5M
YoY Change -99.93%
Cash From Investing Activities -$14.24M -$324.4M
YoY Change -95.61%
FINANCING ACTIVITIES
Cash Dividend Paid $10.63M $9.198M
YoY Change 15.51%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$31.33M $240.3M
YoY Change -113.04%
NET CHANGE
Cash From Operating Activities $30.92M $69.27M
Cash From Investing Activities -$14.24M -$324.4M
Cash From Financing Activities -$31.33M $240.3M
Net Change In Cash -$13.12M -$14.80M
YoY Change -11.36%
FREE CASH FLOW
Cash From Operating Activities $30.92M $69.27M
Capital Expenditures $14.08M $17.91M
Free Cash Flow $16.84M $51.36M
YoY Change -67.21%

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26100000 USD
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0.0517
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P4Y4M24D
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CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
3000 USD
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49000 USD
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775000 USD
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175000000 USD
CY2019Q1 us-gaap Proceeds From Repayments Of Notes Payable
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CY2019Q1 us-gaap Short Term Investments
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33000 USD
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153000 USD
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
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CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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19000 USD
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607000 USD
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47000000 USD
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2500000 USD
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22540000 USD
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3900000 USD
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2100000 USD
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CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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417813000 USD
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405500000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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859000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
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77514000 USD
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62955000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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2292000 USD
CY2018Q4 us-gaap Stockholders Equity
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1441974000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q4 us-gaap Trading Securities Debt
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CY2018Q4 us-gaap Treasury Stock Shares
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CY2019Q1 us-gaap Treasury Stock Shares
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CY2018Q4 us-gaap Treasury Stock Value
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116454000 USD
CY2019Q1 us-gaap Treasury Stock Value
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130103000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
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13555000 USD
CY2018Q1 us-gaap Unrealized Gain Loss On Investments
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1864000 USD
CY2019Q1 us-gaap Unrealized Gain Loss On Investments
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CY2019Q1 us-gaap Variable Lease Cost
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194000 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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436000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
292000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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24775000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25009000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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24339000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24717000 shares

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