2019 Q1 Form 10-Q Financial Statement

#000150433719000016 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $582.0M $691.3M
YoY Change -15.81% 13.16%
Cost Of Revenue $501.0M $514.5M
YoY Change -2.62% 6.57%
Gross Profit $81.00M $176.8M
YoY Change -54.19% 38.02%
Gross Profit Margin 13.92% 25.58%
Selling, General & Admin $56.00M $50.60M
YoY Change 10.67% 3.9%
% of Gross Profit 69.14% 28.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.00M $31.00M
YoY Change 0.0% 1.31%
% of Gross Profit 38.27% 17.53%
Operating Expenses $56.00M $50.60M
YoY Change 10.67% 3.9%
Operating Profit $22.00M $127.2M
YoY Change -82.7% 68.7%
Interest Expense $5.000M $4.400M
YoY Change 13.64% -12.0%
% of Operating Profit 22.73% 3.46%
Other Income/Expense, Net $11.00M -$2.600M
YoY Change -523.08% -46.94%
Pretax Income -$1.000M $124.6M
YoY Change -100.8% 76.74%
Income Tax -$7.000M $29.70M
% Of Pretax Income 23.84%
Net Earnings $27.00M $91.00M
YoY Change -70.33% 65.45%
Net Earnings / Revenue 4.64% 13.16%
Basic Earnings Per Share $0.20 $0.63
Diluted Earnings Per Share $0.20 $0.62
COMMON SHARES
Basic Shares Outstanding 131.0M shares 144.7M shares
Diluted Shares Outstanding 132.0M shares 146.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $361.0M $895.7M
YoY Change -59.7% 37.91%
Cash & Equivalents $361.1M $895.7M
Short-Term Investments
Other Short-Term Assets $9.000M $9.000M
YoY Change 0.0% -41.56%
Inventory $309.8M $329.4M
Prepaid Expenses $8.700M $9.000M
Receivables $165.9M $149.3M
Other Receivables $36.00M $40.10M
Total Short-Term Assets $845.5M $1.406B
YoY Change -39.85% 30.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.031B $932.1M
YoY Change 10.63% 6.29%
Goodwill $26.00M $26.60M
YoY Change -2.26% 174.23%
Intangibles
YoY Change
Long-Term Investments $9.000M $8.500M
YoY Change 5.88% 25.0%
Other Assets $65.30M $56.60M
YoY Change 15.37% 141.88%
Total Long-Term Assets $1.249B $1.094B
YoY Change 14.19% 8.69%
TOTAL ASSETS
Total Short-Term Assets $845.5M $1.406B
Total Long-Term Assets $1.249B $1.094B
Total Assets $2.094B $2.499B
YoY Change -16.2% 20.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $221.0M $187.5M
YoY Change 17.87% -10.93%
Accrued Expenses $8.000M $18.70M
YoY Change -57.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.300M $25.10M
YoY Change -78.88% 1468.75%
Total Short-Term Liabilities $237.6M $237.6M
YoY Change 0.0% 10.26%
LONG-TERM LIABILITIES
Long-Term Debt $347.4M $351.1M
YoY Change -1.05% -6.27%
Other Long-Term Liabilities $130.5M $184.0M
YoY Change -29.08% -5.64%
Total Long-Term Liabilities $477.9M $535.1M
YoY Change -10.69% -6.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $237.6M $237.6M
Total Long-Term Liabilities $477.9M $535.1M
Total Liabilities $715.5M $772.7M
YoY Change -7.4% -1.58%
SHAREHOLDERS EQUITY
Retained Earnings $1.314B $1.364B
YoY Change -3.67% 44.34%
Common Stock $514.3M $616.1M
YoY Change -16.52% -1.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $411.6M $173.2M
YoY Change 137.64% -3.99%
Treasury Stock Shares
Shareholders Equity $1.273B $1.672B
YoY Change
Total Liabilities & Shareholders Equity $2.094B $2.499B
YoY Change -16.21% 20.14%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $27.00M $91.00M
YoY Change -70.33% 65.45%
Depreciation, Depletion And Amortization $31.00M $31.00M
YoY Change 0.0% 1.31%
Cash From Operating Activities -$54.00M $31.00M
YoY Change -274.19% 49.04%
INVESTING ACTIVITIES
Capital Expenditures $43.00M $43.20M
YoY Change -0.46% 65.52%
Acquisitions -$40.00M
YoY Change
Other Investing Activities $1.000M $200.0K
YoY Change 400.0% -200.0%
Cash From Investing Activities -$4.000M -$43.00M
YoY Change -90.7% 66.02%
FINANCING ACTIVITIES
Cash Dividend Paid $17.00M $19.00M
YoY Change -10.53%
Common Stock Issuance & Retirement, Net $438.0M -$100.0K
YoY Change -438100.0% -125.0%
Debt Paid & Issued, Net $100.0K
YoY Change -91.67%
Cash From Financing Activities -$459.0M -$22.00M
YoY Change 1986.36% 300.0%
NET CHANGE
Cash From Operating Activities -$54.00M $31.00M
Cash From Investing Activities -$4.000M -$43.00M
Cash From Financing Activities -$459.0M -$22.00M
Net Change In Cash -$517.0M -$32.00M
YoY Change 1515.63% 223.23%
FREE CASH FLOW
Cash From Operating Activities -$54.00M $31.00M
Capital Expenditures $43.00M $43.20M
Free Cash Flow -$97.00M -$12.20M
YoY Change 695.08% 130.19%

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