2018 Q2 Form 10-Q Financial Statement

#000133525818000113 Filed on July 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $2.868B $2.684B
YoY Change 6.88% 23.14%
Cost Of Revenue $2.135B $2.023B
YoY Change 5.57% 25.96%
Gross Profit $733.2M $661.1M
YoY Change 10.91% 15.25%
Gross Profit Margin 25.56% 24.63%
Selling, General & Admin $476.4M $434.4M
YoY Change 9.68% 15.89%
% of Gross Profit 64.98% 65.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.90M $81.20M
YoY Change 10.71% -14.88%
% of Gross Profit 12.26% 12.28%
Operating Expenses $476.4M $434.4M
YoY Change 9.68% 15.89%
Operating Profit $134.7M $113.4M
YoY Change 18.77% 52.96%
Interest Expense $35.52M $26.88M
YoY Change 32.15% 6.3%
% of Operating Profit 26.36% 23.7%
Other Income/Expense, Net -$6.443M $3.466M
YoY Change -285.89% -147.14%
Pretax Income $95.16M $90.54M
YoY Change 5.1% 116.25%
Income Tax $11.80M $9.984M
% Of Pretax Income 12.4% 11.03%
Net Earnings $69.36M $81.48M
YoY Change -14.87% 115.89%
Net Earnings / Revenue 2.42% 3.04%
Basic Earnings Per Share $0.25 $0.31
Diluted Earnings Per Share $0.24 $0.29
COMMON SHARES
Basic Shares Outstanding 207.3M shares 204.7M shares
Diluted Shares Outstanding 215.1M shares 213.9M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.293B $2.217B
YoY Change 3.43% 46.63%
Cash & Equivalents $2.293B $2.217B
Short-Term Investments
Other Short-Term Assets $59.66M $52.02M
YoY Change 14.68% 19.45%
Inventory
Prepaid Expenses $954.0M $850.3M
Receivables $949.4M $865.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.263B $3.984B
YoY Change 7.0% 34.15%
LONG-TERM ASSETS
Property, Plant & Equipment $890.4M $817.4M
YoY Change 8.94% 14.67%
Goodwill $1.824B $1.755B
YoY Change 3.93% 5.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $869.2M $527.8M
YoY Change 64.69% 3.37%
Total Long-Term Assets $4.689B $4.267B
YoY Change 9.9% 4.75%
TOTAL ASSETS
Total Short-Term Assets $4.263B $3.984B
Total Long-Term Assets $4.689B $4.267B
Total Assets $8.953B $8.251B
YoY Change 8.5% 17.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.2M $123.9M
YoY Change 8.27% 19.49%
Accrued Expenses $1.180B $1.001B
YoY Change 17.92% 28.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $85.00M $66.00M
YoY Change 28.79% 46.67%
Total Short-Term Liabilities $4.207B $3.837B
YoY Change 9.65% 26.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.743B $2.249B
YoY Change 21.97% 13.3%
Other Long-Term Liabilities $169.3M $155.8M
YoY Change 8.65% 21.82%
Total Long-Term Liabilities $169.3M $155.8M
YoY Change 8.65% 21.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.207B $3.837B
Total Long-Term Liabilities $169.3M $155.8M
Total Liabilities $4.376B $3.992B
YoY Change 9.61% 26.69%
SHAREHOLDERS EQUITY
Retained Earnings -$1.044B -$1.025B
YoY Change 1.86% -5.37%
Common Stock $2.079M $2.054M
YoY Change 1.22% 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.865M $6.865M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.163B $1.227B
YoY Change
Total Liabilities & Shareholders Equity $8.953B $8.251B
YoY Change 8.5% 17.15%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $69.36M $81.48M
YoY Change -14.87% 115.89%
Depreciation, Depletion And Amortization $89.90M $81.20M
YoY Change 10.71% -14.88%
Cash From Operating Activities -$255.7M $43.00M
YoY Change -694.65% -771.88%
INVESTING ACTIVITIES
Capital Expenditures -$57.30M -$71.20M
YoY Change -19.52% 47.72%
Acquisitions
YoY Change
Other Investing Activities -$168.4M -$25.80M
YoY Change 552.71% -69.79%
Cash From Investing Activities -$225.7M -$96.90M
YoY Change 132.92% -27.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -89.50M -19.10M
YoY Change 368.59% 20.89%
NET CHANGE
Cash From Operating Activities -255.7M 43.00M
Cash From Investing Activities -225.7M -96.90M
Cash From Financing Activities -89.50M -19.10M
Net Change In Cash -570.9M -73.00M
YoY Change 682.05% -53.18%
FREE CASH FLOW
Cash From Operating Activities -$255.7M $43.00M
Capital Expenditures -$57.30M -$71.20M
Free Cash Flow -$198.4M $114.2M
YoY Change -273.73% 173.21%

Facts In Submission

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us-gaap Payments To Acquire Property Plant And Equipment
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