2018 Q2 Form 10-Q Financial Statement

#000075000418000171 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $845.0M $766.3M
YoY Change 10.27% 5.09%
Cost Of Revenue $316.0M $278.9M
YoY Change 13.3% 0.98%
Gross Profit $529.0M $487.4M
YoY Change 8.54% 7.59%
Gross Profit Margin 62.6% 63.6%
Selling, General & Admin $174.0M $145.9M
YoY Change 19.26% 0.69%
% of Gross Profit 32.89% 29.93%
Research & Development $49.00M $48.10M
YoY Change 1.87% -6.96%
% of Gross Profit 9.26% 9.87%
Depreciation & Amortization $173.0M $175.0M
YoY Change -1.14% -9.37%
% of Gross Profit 32.7% 35.9%
Operating Expenses $223.0M $194.0M
YoY Change 14.95% -1.32%
Operating Profit $99.00M $117.3M
YoY Change -15.6% 98.48%
Interest Expense -$141.5M -$148.1M
YoY Change -4.46% -189.59%
% of Operating Profit -142.93% -126.26%
Other Income/Expense, Net $2.000M -$1.900M
YoY Change -205.26% -211.76%
Pretax Income -$6.000M -$32.70M
YoY Change -81.65% -54.14%
Income Tax $0.00 $6.400M
% Of Pretax Income
Net Earnings -$6.000M -$39.10M
YoY Change -84.65% -24.37%
Net Earnings / Revenue -0.71% -5.1%
Basic Earnings Per Share -$0.06 -$0.44
Diluted Earnings Per Share -$0.06 -$0.44
COMMON SHARES
Basic Shares Outstanding 91.00M shares 89.10M shares
Diluted Shares Outstanding 91.00M shares 89.10M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.6M $198.2M
YoY Change -40.16% 95.46%
Cash & Equivalents $118.6M $198.2M
Short-Term Investments
Other Short-Term Assets $282.1M $143.6M
YoY Change 96.45% -1.24%
Inventory $231.9M $252.7M
Prepaid Expenses
Receivables $562.3M $479.3M
Other Receivables $123.5M $123.3M
Total Short-Term Assets $1.318B $1.197B
YoY Change 10.13% 5.28%
LONG-TERM ASSETS
Property, Plant & Equipment $520.2M $574.8M
YoY Change -9.5% -17.35%
Goodwill $3.313B $2.931B
YoY Change 13.04% -2.07%
Intangibles $1.797B $1.710B
YoY Change 5.09% -9.6%
Long-Term Investments $209.2M $157.1M
YoY Change 33.16% -21.37%
Other Assets $75.60M $49.90M
YoY Change 51.5% 13.67%
Total Long-Term Assets $6.295B $5.869B
YoY Change 7.25% -7.26%
TOTAL ASSETS
Total Short-Term Assets $1.318B $1.197B
Total Long-Term Assets $6.295B $5.869B
Total Assets $7.613B $7.066B
YoY Change 7.74% -5.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $184.0M $213.0M
YoY Change -13.62% 19.26%
Accrued Expenses $454.8M $434.4M
YoY Change 4.7% 4.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $48.70M $39.50M
YoY Change 23.29% -20.52%
Total Short-Term Liabilities $687.5M $686.9M
YoY Change 0.09% 6.43%
LONG-TERM LIABILITIES
Long-Term Debt $8.845B $8.063B
YoY Change 9.71% -0.06%
Other Long-Term Liabilities $211.1M $236.3M
YoY Change -10.66% -3.59%
Total Long-Term Liabilities $211.1M $236.3M
YoY Change -10.66% -3.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $687.5M $686.9M
Total Long-Term Liabilities $211.1M $236.3M
Total Liabilities $9.881B $9.064B
YoY Change 9.02% -0.74%
SHAREHOLDERS EQUITY
Retained Earnings -$2.680B -$2.359B
YoY Change 13.61% 17.4%
Common Stock $816.2M $800.5M
YoY Change 1.96% 3.81%
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 -$2.268B -$1.998B
YoY Change
Total Liabilities & Shareholders Equity $7.613B $7.066B
YoY Change 7.74% -5.35%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$6.000M -$39.10M
YoY Change -84.65% -24.37%
Depreciation, Depletion And Amortization $173.0M $175.0M
YoY Change -1.14% -9.37%
Cash From Operating Activities $102.5M $168.5M
YoY Change -39.17% 85.57%
INVESTING ACTIVITIES
Capital Expenditures $112.5M $78.90M
YoY Change 42.59% -3.07%
Acquisitions
YoY Change
Other Investing Activities -$53.50M -$1.500M
YoY Change 3466.67% -105.86%
Cash From Investing Activities -$166.0M -$80.40M
YoY Change 106.47% 44.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 76.00M -23.40M
YoY Change -424.79% -67.68%
NET CHANGE
Cash From Operating Activities 102.5M 168.5M
Cash From Investing Activities -166.0M -80.40M
Cash From Financing Activities 76.00M -23.40M
Net Change In Cash 12.50M 64.70M
YoY Change -80.68% -272.99%
FREE CASH FLOW
Cash From Operating Activities $102.5M $168.5M
Capital Expenditures $112.5M $78.90M
Free Cash Flow -$10.00M $89.60M
YoY Change -111.16% 853.19%

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90600000 shares

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