2019 Q1 Form 10-Q Financial Statement

#000128941919000070 Filed on April 29, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $258.9M $243.5M
YoY Change 6.32% 16.23%
Cost Of Revenue $105.1M $102.4M
YoY Change 2.64% 5.57%
Gross Profit $153.8M $141.1M
YoY Change 9.0% 25.42%
Gross Profit Margin 59.41% 57.95%
Selling, General & Admin $80.80M $70.70M
YoY Change 14.29% 12.94%
% of Gross Profit 52.54% 50.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.50M $22.90M
YoY Change 2.62% 6.51%
% of Gross Profit 15.28% 16.23%
Operating Expenses $80.80M $70.70M
YoY Change 14.29% 12.94%
Operating Profit $49.50M $47.50M
YoY Change 4.21% 67.25%
Interest Expense -$700.0K -$300.0K
YoY Change 133.33% -66.67%
% of Operating Profit -1.41% -0.63%
Other Income/Expense, Net -$3.300M $9.300M
YoY Change -135.48% -815.38%
Pretax Income $46.20M $56.80M
YoY Change -18.66% 109.59%
Income Tax $11.50M $13.40M
% Of Pretax Income 24.89% 23.59%
Net Earnings $33.20M $41.90M
YoY Change -20.76% 132.78%
Net Earnings / Revenue 12.82% 17.21%
Basic Earnings Per Share $0.78 $0.99
Diluted Earnings Per Share $0.77 $0.98
COMMON SHARES
Basic Shares Outstanding 42.60M shares 42.50M shares
Diluted Shares Outstanding 43.00M shares 42.90M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $378.6M $355.4M
YoY Change 6.53% 11.94%
Cash & Equivalents $349.1M $311.0M
Short-Term Investments $29.50M $44.40M
Other Short-Term Assets $18.00M $19.40M
YoY Change -7.22% -26.24%
Inventory
Prepaid Expenses
Receivables $173.8M $158.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $586.5M $549.7M
YoY Change 6.69% 13.08%
LONG-TERM ASSETS
Property, Plant & Equipment $142.7M $147.4M
YoY Change -3.19% -1.6%
Goodwill $557.3M $567.4M
YoY Change -1.78% 1.63%
Intangibles
YoY Change
Long-Term Investments $61.90M $61.20M
YoY Change 1.14% 56.12%
Other Assets $5.800M $11.20M
YoY Change -48.21% 49.33%
Total Long-Term Assets $965.1M $886.8M
YoY Change 8.83% 1.99%
TOTAL ASSETS
Total Short-Term Assets $586.5M $549.7M
Total Long-Term Assets $965.1M $886.8M
Total Assets $1.552B $1.437B
YoY Change 8.01% 5.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.50M $49.10M
YoY Change -5.3% 4.25%
Accrued Expenses $84.80M $52.80M
YoY Change 60.61% 14.53%
Deferred Revenue $46.50M $205.8M
YoY Change -77.41%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $372.8M $327.3M
YoY Change 13.9% 9.14%
LONG-TERM LIABILITIES
Long-Term Debt $30.00M $150.0M
YoY Change -80.0% -36.17%
Other Long-Term Liabilities $14.60M $20.60M
YoY Change -29.13% -33.12%
Total Long-Term Liabilities $14.60M $20.60M
YoY Change -29.13% -33.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $372.8M $327.3M
Total Long-Term Liabilities $14.60M $20.60M
Total Liabilities $583.4M $578.2M
YoY Change 0.9% -9.22%
SHAREHOLDERS EQUITY
Retained Earnings $1.136B $17.00M
YoY Change 6582.94% -98.05%
Common Stock $633.7M $607.9M
YoY Change 4.24% 3.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $731.4M $717.1M
YoY Change 1.99% 7.33%
Treasury Stock Shares 10.86M shares 10.73M shares
Shareholders Equity $968.2M $858.3M
YoY Change
Total Liabilities & Shareholders Equity $1.552B $1.437B
YoY Change 8.01% 5.97%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $33.20M $41.90M
YoY Change -20.76% 132.78%
Depreciation, Depletion And Amortization $23.50M $22.90M
YoY Change 2.62% 6.51%
Cash From Operating Activities $59.00M $59.90M
YoY Change -1.5% 28.82%
INVESTING ACTIVITIES
Capital Expenditures $18.70M $17.60M
YoY Change 6.25% 23.08%
Acquisitions $0.00
YoY Change
Other Investing Activities -$300.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$19.50M -$7.300M
YoY Change 167.12% -58.29%
FINANCING ACTIVITIES
Cash Dividend Paid $11.90M $10.60M
YoY Change 12.26% 7.07%
Common Stock Issuance & Retirement, Net $4.900M $8.900M
YoY Change -44.94% 888.89%
Debt Paid & Issued, Net $40.00M $30.00M
YoY Change 33.33% 100.0%
Cash From Financing Activities -$60.70M -$54.10M
YoY Change 12.2% 108.08%
NET CHANGE
Cash From Operating Activities $59.00M $59.90M
Cash From Investing Activities -$19.50M -$7.300M
Cash From Financing Activities -$60.70M -$54.10M
Net Change In Cash -$20.20M -$1.500M
YoY Change 1246.67% -150.0%
FREE CASH FLOW
Cash From Operating Activities $59.00M $59.90M
Capital Expenditures $18.70M $17.60M
Free Cash Flow $40.30M $42.30M
YoY Change -4.73% 31.37%

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8900000 USD
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7800000 USD
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8900000 USD
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17600000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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18700000 USD
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10500000 USD
CY2019Q1 us-gaap Proceeds From Divestiture Of Businesses
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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11900000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2018Q1 us-gaap Revenues
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8900000 USD
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4600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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13100000 USD
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13500000 USD
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42500000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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42600000 shares

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