2017 Q3 Form 10-Q Financial Statement

#000128941917000077 Filed on October 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $229.9M $196.1M
YoY Change 17.24% 0.41%
Cost Of Revenue $90.90M $84.90M
YoY Change 7.07% 1.8%
Gross Profit $139.0M $111.2M
YoY Change 25.0% -0.63%
Gross Profit Margin 60.46% 56.71%
Selling, General & Admin $64.40M $48.90M
YoY Change 31.7% -0.81%
% of Gross Profit 46.33% 43.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.80M $18.10M
YoY Change 20.44% 10.37%
% of Gross Profit 15.68% 16.28%
Operating Expenses $64.40M $48.90M
YoY Change 31.7% -0.81%
Operating Profit $52.80M $44.20M
YoY Change 19.46% -4.33%
Interest Expense -$900.0K $0.00
YoY Change -100.0%
% of Operating Profit -1.7% 0.0%
Other Income/Expense, Net -$2.000M $2.100M
YoY Change -195.24% 50.0%
Pretax Income $50.80M $46.30M
YoY Change 9.72% -2.73%
Income Tax $16.90M $16.50M
% Of Pretax Income 33.27% 35.64%
Net Earnings $33.90M $30.20M
YoY Change 12.25% -9.85%
Net Earnings / Revenue 14.75% 15.4%
Basic Earnings Per Share $0.80 $0.70
Diluted Earnings Per Share $0.79 $0.70
COMMON SHARES
Basic Shares Outstanding 42.50M shares 43.10M shares
Diluted Shares Outstanding 42.80M shares 43.30M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $324.0M $265.1M
YoY Change 22.22% 0.8%
Cash & Equivalents $270.3M $219.4M
Short-Term Investments $53.70M $45.70M
Other Short-Term Assets $25.70M $23.70M
YoY Change 8.44% 5.33%
Inventory
Prepaid Expenses
Receivables $148.2M $124.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $497.9M $413.1M
YoY Change 20.53% -1.67%
LONG-TERM ASSETS
Property, Plant & Equipment $151.2M $150.0M
YoY Change 0.8% 20.68%
Goodwill $565.4M $370.7M
YoY Change 52.52% 3.0%
Intangibles
YoY Change
Long-Term Investments $61.50M $51.00M
YoY Change 20.59% 44.07%
Other Assets $6.800M $9.400M
YoY Change -27.66% 38.24%
Total Long-Term Assets $885.8M $646.4M
YoY Change 37.04% 7.11%
TOTAL ASSETS
Total Short-Term Assets $497.9M $413.1M
Total Long-Term Assets $885.8M $646.4M
Total Assets $1.384B $1.060B
YoY Change 30.6% 3.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.60M $35.00M
YoY Change -6.86% 1.74%
Accrued Expenses $72.40M $57.70M
YoY Change 25.48% -15.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $60.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $294.6M $314.2M
YoY Change -6.24% 15.09%
LONG-TERM LIABILITIES
Long-Term Debt $205.0M $0.00
YoY Change
Other Long-Term Liabilities $30.10M $33.50M
YoY Change -10.15% 204.55%
Total Long-Term Liabilities $30.10M $33.50M
YoY Change -10.15% 204.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $294.6M $314.2M
Total Long-Term Liabilities $30.10M $33.50M
Total Liabilities $604.5M $397.5M
YoY Change 52.08% 15.72%
SHAREHOLDERS EQUITY
Retained Earnings $940.2M $801.5M
YoY Change 17.31% 12.67%
Common Stock $595.4M $580.8M
YoY Change 2.51% 1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $707.5M $657.3M
YoY Change 7.64% 18.86%
Treasury Stock Shares 10.63M shares 9.961M shares
Shareholders Equity $779.2M $661.7M
YoY Change
Total Liabilities & Shareholders Equity $1.384B $1.060B
YoY Change 30.6% 3.51%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $33.90M $30.20M
YoY Change 12.25% -9.85%
Depreciation, Depletion And Amortization $21.80M $18.10M
YoY Change 20.44% 10.37%
Cash From Operating Activities $62.50M $60.40M
YoY Change 3.48% -17.82%
INVESTING ACTIVITIES
Capital Expenditures -$13.10M -$18.10M
YoY Change -27.62% 47.15%
Acquisitions
YoY Change
Other Investing Activities -$21.90M -$500.0K
YoY Change 4280.0% -96.62%
Cash From Investing Activities -$35.00M -$18.60M
YoY Change 88.17% -31.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.70M -24.50M
YoY Change 94.69% -43.29%
NET CHANGE
Cash From Operating Activities 62.50M 60.40M
Cash From Investing Activities -35.00M -18.60M
Cash From Financing Activities -47.70M -24.50M
Net Change In Cash -20.20M 17.30M
YoY Change -216.76% 440.62%
FREE CASH FLOW
Cash From Operating Activities $62.50M $60.40M
Capital Expenditures -$13.10M -$18.10M
Free Cash Flow $75.60M $78.50M
YoY Change -3.69% -8.51%

Facts In Submission

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50800000 USD
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2900000 USD
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40300000 USD
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300000 USD
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300000 USD
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24300000 USD
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47500000 USD
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46400000 USD
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0 USD
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23700000 USD
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43300000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43100000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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42800000 shares

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