2020 Q2 Form 10-Q Financial Statement

#000008943920000057 Filed on July 22, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $500.2M $666.4M
YoY Change -24.94% 0.55%
Cost Of Revenue $403.2M $563.9M
YoY Change -28.51% 0.02%
Gross Profit $97.01M $102.4M
YoY Change -5.31% 3.53%
Gross Profit Margin 19.4% 15.37%
Selling, General & Admin $33.62M $40.45M
YoY Change -16.89% 5.25%
% of Gross Profit 34.65% 39.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.10M $10.48M
YoY Change 5.91% 16.34%
% of Gross Profit 11.44% 10.23%
Operating Expenses $33.62M $40.45M
YoY Change -16.89% 5.25%
Operating Profit $52.30M $51.52M
YoY Change 1.5% -0.78%
Interest Expense $4.973M $7.033M
YoY Change -29.29% 15.81%
% of Operating Profit 9.51% 13.65%
Other Income/Expense, Net $2.834M $462.0K
YoY Change 513.42% -21.16%
Pretax Income $50.16M $44.95M
YoY Change 11.58% -3.21%
Income Tax $13.03M $10.43M
% Of Pretax Income 25.98% 23.21%
Net Earnings $27.96M $27.99M
YoY Change -0.11% -15.66%
Net Earnings / Revenue 5.59% 4.2%
Basic Earnings Per Share $0.50 $0.50
Diluted Earnings Per Share $0.50 $0.50
COMMON SHARES
Basic Shares Outstanding 55.72M shares 55.75M shares
Diluted Shares Outstanding 56.19M shares 56.31M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.6M $91.40M
YoY Change 35.23% -67.52%
Cash & Equivalents $123.6M $91.44M
Short-Term Investments
Other Short-Term Assets $28.96M $25.87M
YoY Change 11.95% -6.36%
Inventory $244.4M $300.4M
Prepaid Expenses
Receivables $273.7M $316.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $670.7M $734.5M
YoY Change -8.69% -21.65%
LONG-TERM ASSETS
Property, Plant & Equipment $362.8M $365.0M
YoY Change -0.61% 28.15%
Goodwill $153.3M $153.0M
YoY Change 0.19% 10.1%
Intangibles $63.00M $62.73M
YoY Change 0.44% 59.87%
Long-Term Investments $32.40M $47.70M
YoY Change -32.08% -31.95%
Other Assets $23.96M $25.48M
YoY Change -5.97% -0.93%
Total Long-Term Assets $652.7M $682.6M
YoY Change -4.38% 22.13%
TOTAL ASSETS
Total Short-Term Assets $670.7M $734.5M
Total Long-Term Assets $652.7M $682.6M
Total Assets $1.323B $1.417B
YoY Change -6.61% -5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.58M $106.1M
YoY Change -11.76% -5.38%
Accrued Expenses $45.00M $38.70M
YoY Change 16.28% 22.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.543M $2.900M
YoY Change 125.62% -95.17%
Total Short-Term Liabilities $229.3M $226.8M
YoY Change 1.11% -17.08%
LONG-TERM LIABILITIES
Long-Term Debt $323.1M $479.3M
YoY Change -32.58% -14.19%
Other Long-Term Liabilities $10.39M $15.59M
YoY Change -33.34% -31.2%
Total Long-Term Liabilities $333.5M $494.9M
YoY Change -32.61% -14.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.3M $226.8M
Total Long-Term Liabilities $333.5M $494.9M
Total Liabilities $633.2M $812.7M
YoY Change -22.09% -12.07%
SHAREHOLDERS EQUITY
Retained Earnings $952.0M $857.1M
YoY Change 11.07% 8.67%
Common Stock $802.0K $802.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $474.2M $475.5M
YoY Change -0.28% 5.26%
Treasury Stock Shares
Shareholders Equity $670.7M $588.3M
YoY Change
Total Liabilities & Shareholders Equity $1.323B $1.417B
YoY Change -6.61% -5.3%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $27.96M $27.99M
YoY Change -0.11% -15.66%
Depreciation, Depletion And Amortization $11.10M $10.48M
YoY Change 5.91% 16.34%
Cash From Operating Activities $114.7M $88.70M
YoY Change 29.31% 41.47%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$6.200M
YoY Change -17.74% 14.81%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.300M
YoY Change -100.0% -87.85%
Cash From Investing Activities -$5.100M -$4.900M
YoY Change 4.08% -192.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -157.0M -87.90M
YoY Change 78.61% -170.72%
NET CHANGE
Cash From Operating Activities 114.7M 88.70M
Cash From Investing Activities -5.100M -4.900M
Cash From Financing Activities -157.0M -87.90M
Net Change In Cash -47.40M -4.100M
YoY Change 1056.1% -102.13%
FREE CASH FLOW
Cash From Operating Activities $114.7M $88.70M
Capital Expenditures -$5.100M -$6.200M
Free Cash Flow $119.8M $94.90M
YoY Change 26.24% 39.35%

Facts In Submission

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