2018 Q4 Form 10-Q Financial Statement

#000150433718000029 Filed on November 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $589.1M $737.0M $710.6M
YoY Change -17.1% 2.6% 29.2%
Cost Of Revenue $495.3M $524.0M $495.8M
YoY Change -0.1% 3.21% 17.27%
Gross Profit $93.80M $213.0M $214.8M
YoY Change -56.33% 1.14% 68.87%
Gross Profit Margin 15.92% 28.9% 30.23%
Selling, General & Admin $57.40M $51.00M $46.00M
YoY Change 24.78% 3.45% -3.77%
% of Gross Profit 61.19% 23.94% 21.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.20M $31.00M $32.00M
YoY Change -11.88% -0.32% 19.4%
% of Gross Profit 30.06% 14.55% 14.9%
Operating Expenses $60.80M $51.00M $46.40M
YoY Change 31.03% 3.45% -42.43%
Operating Profit $33.00M $168.0M $168.4M
YoY Change -80.4% 4.02% 261.37%
Interest Expense $3.100M $5.000M -$3.400M
YoY Change -191.18% 2.04% 88.89%
% of Operating Profit 9.39% 2.98% -2.02%
Other Income/Expense, Net -$1.700M $0.00 -$4.400M
YoY Change -61.36% -100.0% 193.33%
Pretax Income $17.70M $166.0M $152.0M
YoY Change -88.36% 5.53% 212.76%
Income Tax -$400.0K $42.00M $39.60M
% Of Pretax Income -2.26% 25.3% 26.05%
Net Earnings $17.00M $124.0M $130.6M
YoY Change -86.98% 12.93% 209.48%
Net Earnings / Revenue 2.89% 16.82% 18.38%
Basic Earnings Per Share $0.87
Diluted Earnings Per Share $120.7K $0.86 $890.3K
COMMON SHARES
Basic Shares Outstanding 141.2M shares 142.5M shares
Diluted Shares Outstanding 143.9M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $878.4M $986.7M $928.0M
YoY Change -5.34% 16.26% 40.76%
Cash & Equivalents $878.0M $986.7M $928.0M
Short-Term Investments
Other Short-Term Assets $8.200M $11.90M $7.800M
YoY Change 5.13% -32.0% -45.45%
Inventory $273.0M $284.4M $259.1M
Prepaid Expenses $8.000M $11.90M $7.800M
Receivables $128.0M $143.5M $142.5M
Other Receivables $25.00M $19.70M $41.00M
Total Short-Term Assets $1.287B $1.427B $1.360B
YoY Change -5.34% 10.51% 34.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.010B $976.2M $926.1M
YoY Change 9.06% 11.86% 3.89%
Goodwill $16.00M $26.30M $16.00M
YoY Change 0.0% 171.13% 64.95%
Intangibles $51.00M $55.00M
YoY Change -7.27%
Long-Term Investments $49.40M $52.60M $7.800M
YoY Change 533.33% 610.81% 25.81%
Other Assets $62.00M $59.80M $56.80M
YoY Change 9.15% 4.55% 153.57%
Total Long-Term Assets $1.227B $1.188B $1.089B
YoY Change 12.68% 16.78% 6.45%
TOTAL ASSETS
Total Short-Term Assets $1.287B $1.427B $1.360B
Total Long-Term Assets $1.227B $1.188B $1.089B
Total Assets $2.514B $2.614B $2.449B
YoY Change 2.68% 13.28% 20.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.1M $213.7M $112.3M
YoY Change 3.38% 0.56% -49.6%
Accrued Expenses $30.00M $27.50M $24.20M
YoY Change 23.97% 25.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.200M $25.10M
YoY Change -80.08% 940.0% 865.38%
Total Short-Term Liabilities $262.0M $232.8M $270.1M
YoY Change -3.0% -5.29% 18.05%
LONG-TERM LIABILITIES
Long-Term Debt $347.0M $348.6M $350.8M
YoY Change -1.08% -1.25% -6.3%
Other Long-Term Liabilities $134.0M $138.7M $178.0M
YoY Change -24.72% -23.07% -7.24%
Total Long-Term Liabilities $481.0M $487.3M $528.8M
YoY Change -9.04% -8.63% -6.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $262.0M $232.8M $270.1M
Total Long-Term Liabilities $481.0M $487.3M $528.8M
Total Liabilities $814.0M $720.1M $798.9M
YoY Change 1.89% -7.57% 0.48%
SHAREHOLDERS EQUITY
Retained Earnings $1.613B $1.614B $1.280B
YoY Change 26.01% 40.4% 43.78%
Common Stock $611.0M $609.9M $624.0M
YoY Change -2.08% -2.17% -1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $378.0M $264.4M $177.5M
YoY Change 112.96% 48.37% -6.08%
Treasury Stock Shares 16.53M shares 8.463M shares
Shareholders Equity $1.700B $1.811B $1.605B
YoY Change
Total Liabilities & Shareholders Equity $2.514B $2.614B $2.449B
YoY Change 2.68% 13.28% 20.54%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income $17.00M $124.0M $130.6M
YoY Change -86.98% 12.93% 209.48%
Depreciation, Depletion And Amortization $28.20M $31.00M $32.00M
YoY Change -11.88% -0.32% 19.4%
Cash From Operating Activities $91.30M $151.0M $168.7M
YoY Change -45.88% 5.3% 65.39%
INVESTING ACTIVITIES
Capital Expenditures -$63.80M $63.00M -$67.90M
YoY Change -6.04% 80.0% 47.29%
Acquisitions
YoY Change
Other Investing Activities -$1.700M $0.00 -$21.40M
YoY Change -92.06% -100.0% -104.24%
Cash From Investing Activities -$65.50M -$63.00M -$89.30M
YoY Change -26.65% 81.03% -119.47%
FINANCING ACTIVITIES
Cash Dividend Paid $19.00M
YoY Change
Common Stock Issuance & Retirement, Net $60.00M
YoY Change
Debt Paid & Issued, Net $22.00M
YoY Change 1733.33%
Cash From Financing Activities -133.7M -$102.0M -1.200M
YoY Change 11041.67% 5900.0% -99.74%
NET CHANGE
Cash From Operating Activities 91.30M $151.0M 168.7M
Cash From Investing Activities -65.50M -$63.00M -89.30M
Cash From Financing Activities -133.7M -$102.0M -1.200M
Net Change In Cash -107.9M -$14.00M 78.20M
YoY Change -237.98% -112.88% -22.11%
FREE CASH FLOW
Cash From Operating Activities $91.30M $151.0M $168.7M
Capital Expenditures -$63.80M $63.00M -$67.90M
Free Cash Flow $155.1M $88.00M $236.6M
YoY Change -34.45% -18.82% 59.76%

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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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200000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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1200000 USD
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Pension Plan Obligations
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us-gaap Interest Expense
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52600000 USD
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us-gaap Net Cash Provided By Used In Operating Activities
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300000 USD
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us-gaap Other Nonrecurring Expense
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us-gaap Other Nonrecurring Expense
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150400000 USD
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