2018 Q1 Form 10-Q Financial Statement

#000008943918000016 Filed on April 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q2
Revenue $640.1M $577.9M
YoY Change 8.47%
Cost Of Revenue $545.7M $488.4M
YoY Change 9.44%
Gross Profit $94.39M $89.49M
YoY Change 3.46%
Gross Profit Margin 14.75% 15.49%
Selling, General & Admin $34.06M $35.57M
YoY Change -0.63%
% of Gross Profit 36.08% 39.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.456M $8.355M
YoY Change -7.17%
% of Gross Profit 10.02% 9.34%
Operating Expenses $34.06M $35.57M
YoY Change -20.24%
Operating Profit $47.41M $45.56M
YoY Change 8.74%
Interest Expense $5.909M $2.531M
YoY Change -215.05%
% of Operating Profit 12.46% 5.55%
Other Income/Expense, Net $560.0K $594.0K
YoY Change 197.0%
Pretax Income $42.06M $43.63M
YoY Change 9.34%
Income Tax $7.395M $11.93M
% Of Pretax Income 17.58% 27.34%
Net Earnings $24.13M $29.99M
YoY Change 4.85%
Net Earnings / Revenue 3.77% 5.19%
Basic Earnings Per Share $0.42 $0.53
Diluted Earnings Per Share $0.42 $0.52
COMMON SHARES
Basic Shares Outstanding 56.90M shares 56.78M shares
Diluted Shares Outstanding 57.42M shares 57.44M shares

Balance Sheet

Concept 2018 Q1 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.60M $146.9M
YoY Change -45.61%
Cash & Equivalents $91.57M $146.9M
Short-Term Investments
Other Short-Term Assets $20.27M $45.14M
YoY Change 32.38%
Inventory $329.2M $252.0M
Prepaid Expenses
Receivables $321.8M $312.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $762.8M $756.1M
YoY Change -7.88%
LONG-TERM ASSETS
Property, Plant & Equipment $300.1M $296.4M
YoY Change 6.41%
Goodwill $137.0M $124.3M
YoY Change
Intangibles $40.74M $35.57M
YoY Change
Long-Term Investments $70.10M $73.40M
YoY Change 6.69%
Other Assets $26.10M $19.26M
YoY Change -38.26%
Total Long-Term Assets $574.0M $548.8M
YoY Change 1.6%
TOTAL ASSETS
Total Short-Term Assets $762.8M $756.1M
Total Long-Term Assets $574.0M $548.8M
Total Assets $1.337B $1.305B
YoY Change -4.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.4M $117.3M
YoY Change 19.28%
Accrued Expenses $27.10M $28.30M
YoY Change 1.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.100M $14.90M
YoY Change 223.91%
Total Short-Term Liabilities $213.3M $231.7M
YoY Change 14.36%
LONG-TERM LIABILITIES
Long-Term Debt $478.8M $489.8M
YoY Change 137.76%
Other Long-Term Liabilities $21.63M $6.447M
YoY Change -88.81%
Total Long-Term Liabilities $500.4M $496.2M
YoY Change 88.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $213.3M $231.7M
Total Long-Term Liabilities $500.4M $496.2M
Total Liabilities $783.8M $798.2M
YoY Change 57.68%
SHAREHOLDERS EQUITY
Retained Earnings $761.3M $705.2M
YoY Change
Common Stock $802.0K $802.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $452.2M $449.3M
YoY Change
Treasury Stock Shares
Shareholders Equity $538.8M $467.9M
YoY Change
Total Liabilities & Shareholders Equity $1.337B $1.305B
YoY Change -4.12%

Cashflow Statement

Concept 2018 Q1 2017 Q2
OPERATING ACTIVITIES
Net Income $24.13M $29.99M
YoY Change 4.85%
Depreciation, Depletion And Amortization $9.456M $8.355M
YoY Change -7.17%
Cash From Operating Activities -$26.52M -$11.42M
YoY Change -210.89%
INVESTING ACTIVITIES
Capital Expenditures -$5.500M -$7.300M
YoY Change 23.73%
Acquisitions $12.47M $0.00
YoY Change
Other Investing Activities -$12.40M $200.0K
YoY Change 100.0%
Cash From Investing Activities -$17.88M -$5.709M
YoY Change -1.57%
FINANCING ACTIVITIES
Cash Dividend Paid $5.679M $179.8M
YoY Change
Common Stock Issuance & Retirement, Net $6.575M $0.00
YoY Change
Debt Paid & Issued, Net $15.90M $306.0K
YoY Change
Cash From Financing Activities $10.31M -$188.4M
YoY Change 1970.23%
NET CHANGE
Cash From Operating Activities -$26.52M -$11.42M
Cash From Investing Activities -$17.88M -$5.709M
Cash From Financing Activities $10.31M -$188.4M
Net Change In Cash -$32.81M -$205.5M
YoY Change 4367.87%
FREE CASH FLOW
Cash From Operating Activities -$26.52M -$11.42M
Capital Expenditures -$5.500M -$7.300M
Free Cash Flow -$21.02M -$4.122M
YoY Change -125.44%

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CY2017Q2 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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