2018 Q1 Form 10-Q Financial Statement

#000075000418000079 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $812.0M $725.4M
YoY Change 11.94% 6.36%
Cost Of Revenue $297.0M $280.0M
YoY Change 6.07% 9.25%
Gross Profit $515.0M $445.4M
YoY Change 15.63% 4.63%
Gross Profit Margin 63.42% 61.4%
Selling, General & Admin $172.0M $140.7M
YoY Change 22.25% -1.12%
% of Gross Profit 33.4% 31.59%
Research & Development $54.00M $42.40M
YoY Change 27.36% -14.86%
% of Gross Profit 10.49% 9.52%
Depreciation & Amortization $188.0M $165.1M
YoY Change 13.87% -8.58%
% of Gross Profit 36.5% 37.07%
Operating Expenses $226.0M $183.1M
YoY Change 23.43% -4.69%
Operating Profit $49.00M $88.00M
YoY Change -44.32% 74.95%
Interest Expense -$147.5M -$149.9M
YoY Change -1.6% -190.46%
% of Operating Profit -301.02% -170.34%
Other Income/Expense, Net -$3.000M $7.500M
YoY Change -140.0% 971.43%
Pretax Income -$196.0M -$84.10M
YoY Change 133.06% -24.57%
Income Tax $6.000M $16.70M
% Of Pretax Income
Net Earnings -$202.0M -$100.8M
YoY Change 100.4% 9.21%
Net Earnings / Revenue -24.88% -13.9%
Basic Earnings Per Share -$2.24 -$1.14
Diluted Earnings Per Share -$2.24 -$1.14
COMMON SHARES
Basic Shares Outstanding 90.00M shares 88.20M shares
Diluted Shares Outstanding 90.00M shares 88.20M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.9M $131.9M
YoY Change -16.68% -9.47%
Cash & Equivalents $109.9M $131.9M
Short-Term Investments
Other Short-Term Assets $283.8M $140.3M
YoY Change 102.28% -3.84%
Inventory $231.2M $253.5M
Prepaid Expenses
Receivables $554.1M $463.5M
Other Receivables $132.2M $131.0M
Total Short-Term Assets $1.311B $1.120B
YoY Change 17.05% -5.5%
LONG-TERM ASSETS
Property, Plant & Equipment $505.3M $584.7M
YoY Change -13.58% -20.43%
Goodwill $3.373B $2.906B
YoY Change 16.05% -3.52%
Intangibles $1.903B $1.762B
YoY Change 8.01% -9.46%
Long-Term Investments $179.4M $187.0M
YoY Change -4.06% -19.29%
Other Assets $77.50M $52.30M
YoY Change 48.18% 9.87%
Total Long-Term Assets $6.426B $5.953B
YoY Change 7.95% -8.49%
TOTAL ASSETS
Total Short-Term Assets $1.311B $1.120B
Total Long-Term Assets $6.426B $5.953B
Total Assets $7.737B $7.073B
YoY Change 9.39% -8.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $186.0M $182.9M
YoY Change 1.69% 8.55%
Accrued Expenses $519.9M $463.3M
YoY Change 12.22% 2.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $50.40M $39.30M
YoY Change 28.24% -21.4%
Total Short-Term Liabilities $756.3M $685.5M
YoY Change 10.33% 2.45%
LONG-TERM LIABILITIES
Long-Term Debt $8.794B $8.068B
YoY Change 8.99% -0.84%
Other Long-Term Liabilities $239.7M $238.9M
YoY Change 0.33% -5.8%
Total Long-Term Liabilities $239.7M $238.9M
YoY Change 0.33% -5.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $756.3M $685.5M
Total Long-Term Liabilities $239.7M $238.9M
Total Liabilities $9.933B $9.068B
YoY Change 9.54% -2.22%
SHAREHOLDERS EQUITY
Retained Earnings -$2.674B -$2.320B
YoY Change 15.27% 18.51%
Common Stock $799.3M $796.0M
YoY Change 0.41% 3.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $175.2M $175.2M
YoY Change 0.0% 0.0%
Treasury Stock Shares 17.20M shares 17.20M shares
Shareholders Equity -$2.196B -$1.995B
YoY Change
Total Liabilities & Shareholders Equity $7.737B $7.073B
YoY Change 9.39% -8.03%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$202.0M -$100.8M
YoY Change 100.4% 9.21%
Depreciation, Depletion And Amortization $188.0M $165.1M
YoY Change 13.87% -8.58%
Cash From Operating Activities $30.00M $111.0M
YoY Change -72.97% 9.79%
INVESTING ACTIVITIES
Capital Expenditures $88.00M $61.30M
YoY Change 43.56% 102.31%
Acquisitions $274.0M $21.50M
YoY Change 1174.42%
Other Investing Activities $0.00 -$2.000M
YoY Change -100.0% 33.33%
Cash From Investing Activities -$360.0M -$79.50M
YoY Change 352.83% 64.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change
Cash From Financing Activities -$346.0M -$15.10M
YoY Change 2191.39% -59.3%
NET CHANGE
Cash From Operating Activities $30.00M $111.0M
Cash From Investing Activities -$360.0M -$79.50M
Cash From Financing Activities -$346.0M -$15.10M
Net Change In Cash -$674.0M $18.90M
YoY Change -3666.14% 19.62%
FREE CASH FLOW
Cash From Operating Activities $30.00M $111.0M
Capital Expenditures $88.00M $61.30M
Free Cash Flow -$58.00M $49.70M
YoY Change -216.7% -29.8%

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