2019 Q1 Form 10-Q Financial Statement

#000075000419000033 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $837.0M $812.0M
YoY Change 3.08% 11.94%
Cost Of Revenue $307.0M $297.0M
YoY Change 3.37% 6.07%
Gross Profit $530.0M $515.0M
YoY Change 2.91% 15.63%
Gross Profit Margin 63.32% 63.42%
Selling, General & Admin $186.0M $172.0M
YoY Change 8.14% 22.25%
% of Gross Profit 35.09% 33.4%
Research & Development $49.00M $54.00M
YoY Change -9.26% 27.36%
% of Gross Profit 9.25% 10.49%
Depreciation & Amortization $165.0M $188.0M
YoY Change -12.23% 13.87%
% of Gross Profit 31.13% 36.5%
Operating Expenses $235.0M $226.0M
YoY Change 3.98% 23.43%
Operating Profit $123.0M $49.00M
YoY Change 151.02% -44.32%
Interest Expense -$148.0M -$147.5M
YoY Change 0.34% -1.6%
% of Operating Profit -120.33% -301.02%
Other Income/Expense, Net $0.00 -$3.000M
YoY Change -100.0% -140.0%
Pretax Income -$20.00M -$196.0M
YoY Change -89.8% 133.06%
Income Tax $4.000M $6.000M
% Of Pretax Income
Net Earnings -$24.00M -$202.0M
YoY Change -88.12% 100.4%
Net Earnings / Revenue -2.87% -24.88%
Basic Earnings Per Share -$0.26 -$2.24
Diluted Earnings Per Share -$0.26 -$2.24
COMMON SHARES
Basic Shares Outstanding 92.00M shares 90.00M shares
Diluted Shares Outstanding 92.00M shares 90.00M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.213B $109.9M
YoY Change 1003.73% -16.68%
Cash & Equivalents $1.213B $109.9M
Short-Term Investments
Other Short-Term Assets $165.0M $283.8M
YoY Change -41.86% 102.28%
Inventory $229.0M $231.2M
Prepaid Expenses
Receivables $621.0M $554.1M
Other Receivables $104.0M $132.2M
Total Short-Term Assets $2.446B $1.311B
YoY Change 86.55% 17.05%
LONG-TERM ASSETS
Property, Plant & Equipment $517.0M $505.3M
YoY Change 2.32% -13.58%
Goodwill $3.301B $3.373B
YoY Change -2.12% 16.05%
Intangibles $1.745B $1.903B
YoY Change -8.3% 8.01%
Long-Term Investments $296.0M $179.4M
YoY Change 64.99% -4.06%
Other Assets $92.00M $77.50M
YoY Change 18.71% 48.18%
Total Long-Term Assets $6.391B $6.426B
YoY Change -0.54% 7.95%
TOTAL ASSETS
Total Short-Term Assets $2.446B $1.311B
Total Long-Term Assets $6.391B $6.426B
Total Assets $8.837B $7.737B
YoY Change 14.21% 9.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0M $186.0M
YoY Change 7.53% 1.69%
Accrued Expenses $540.0M $519.9M
YoY Change 3.87% 12.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.046B $50.40M
YoY Change 1975.4% 28.24%
Total Short-Term Liabilities $1.786B $756.3M
YoY Change 136.15% 10.33%
LONG-TERM LIABILITIES
Long-Term Debt $8.937B $8.794B
YoY Change 1.63% 8.99%
Other Long-Term Liabilities $330.0M $239.7M
YoY Change 37.67% 0.33%
Total Long-Term Liabilities $330.0M $239.7M
YoY Change 37.67% 0.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.786B $756.3M
Total Long-Term Liabilities $330.0M $239.7M
Total Liabilities $11.26B $9.933B
YoY Change 13.36% 9.54%
SHAREHOLDERS EQUITY
Retained Earnings -$2.848B -$2.674B
YoY Change 6.52% 15.27%
Common Stock $848.0M $799.3M
YoY Change 6.09% 0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost) $175.0M $175.2M
YoY Change -0.11% 0.0%
Treasury Stock Shares 17.20M shares 17.20M shares
Shareholders Equity -$2.423B -$2.196B
YoY Change
Total Liabilities & Shareholders Equity $8.837B $7.737B
YoY Change 14.21% 9.39%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$24.00M -$202.0M
YoY Change -88.12% 100.4%
Depreciation, Depletion And Amortization $165.0M $188.0M
YoY Change -12.23% 13.87%
Cash From Operating Activities $167.0M $30.00M
YoY Change 456.67% -72.97%
INVESTING ACTIVITIES
Capital Expenditures $67.00M $88.00M
YoY Change -23.86% 43.56%
Acquisitions $0.00 $274.0M
YoY Change -100.0% 1174.42%
Other Investing Activities $3.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$64.00M -$360.0M
YoY Change -82.22% 352.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $12.00M $2.000M
YoY Change 500.0%
Cash From Financing Activities $942.0M -$346.0M
YoY Change -372.25% 2191.39%
NET CHANGE
Cash From Operating Activities $167.0M $30.00M
Cash From Investing Activities -$64.00M -$360.0M
Cash From Financing Activities $942.0M -$346.0M
Net Change In Cash $1.046B -$674.0M
YoY Change -255.19% -3666.14%
FREE CASH FLOW
Cash From Operating Activities $167.0M $30.00M
Capital Expenditures $67.00M $88.00M
Free Cash Flow $100.0M -$58.00M
YoY Change -272.41% -216.7%

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