2018 Q1 Form 10-Q Financial Statement

#000103764618000011 Filed on May 04, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $660.8M $594.6M
YoY Change 11.14% 10.17%
Cost Of Revenue $83.30M $75.87M
YoY Change 9.8% 2.65%
Gross Profit $374.9M $343.4M
YoY Change 9.19% 14.5%
Gross Profit Margin 56.74% 57.75%
Selling, General & Admin $200.7M $185.7M
YoY Change 8.09% 9.91%
% of Gross Profit 53.52% 54.07%
Research & Development $34.71M $31.20M
YoY Change 11.26% 7.69%
% of Gross Profit 9.26% 9.09%
Depreciation & Amortization $9.157M $7.966M
YoY Change 14.95% -1.92%
% of Gross Profit 2.44% 2.32%
Operating Expenses $235.4M $216.9M
YoY Change 8.55% 9.58%
Operating Profit $139.5M $126.5M
YoY Change 10.28% 24.04%
Interest Expense $8.359M $7.741M
YoY Change 7.98% 17.64%
% of Operating Profit 5.99% 6.12%
Other Income/Expense, Net $2.400M $6.533M
YoY Change -63.26% 2200.35%
Pretax Income $117.4M $113.8M
YoY Change 3.15% 31.75%
Income Tax $24.14M $21.38M
% Of Pretax Income 20.55% 18.78%
Net Earnings $93.30M $92.47M
YoY Change 0.91% 40.8%
Net Earnings / Revenue 14.12% 15.55%
Basic Earnings Per Share $3.66 $3.57
Diluted Earnings Per Share $3.58 $3.48
COMMON SHARES
Basic Shares Outstanding 25.47M shares 25.93M shares
Diluted Shares Outstanding 26.10M shares 26.59M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.90M $164.9M
YoY Change -40.02% 49.1%
Cash & Equivalents $98.95M $164.9M
Short-Term Investments
Other Short-Term Assets $66.20M $66.20M
YoY Change 0.0% -53.18%
Inventory $278.3M $242.4M
Prepaid Expenses
Receivables $483.9M $439.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $927.4M $912.9M
YoY Change 1.59% 5.33%
LONG-TERM ASSETS
Property, Plant & Equipment $696.9M $572.1M
YoY Change 21.82% 9.7%
Goodwill $544.8M $478.7M
YoY Change 13.82% 6.8%
Intangibles $224.7M $165.5M
YoY Change 35.81% 42.66%
Long-Term Investments
YoY Change
Other Assets $76.42M $36.69M
YoY Change 108.3% -38.48%
Total Long-Term Assets $1.585B $1.291B
YoY Change 22.75% 10.47%
TOTAL ASSETS
Total Short-Term Assets $927.4M $912.9M
Total Long-Term Assets $1.585B $1.291B
Total Assets $2.512B $2.204B
YoY Change 13.98% 8.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.6M $137.8M
YoY Change 19.45% 14.35%
Accrued Expenses $159.8M $128.7M
YoY Change 24.23% 2.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $14.90M $19.50M
YoY Change -23.59% 12.07%
Total Short-Term Liabilities $636.9M $561.2M
YoY Change 13.49% 3.0%
LONG-TERM LIABILITIES
Long-Term Debt $978.7M $944.2M
YoY Change 3.65% 38.47%
Other Long-Term Liabilities $288.9M $201.7M
YoY Change 43.23% 0.25%
Total Long-Term Liabilities $1.268B $1.146B
YoY Change 10.62% 29.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $636.9M $561.2M
Total Long-Term Liabilities $1.268B $1.146B
Total Liabilities $1.951B $1.764B
YoY Change 10.62% 18.23%
SHAREHOLDERS EQUITY
Retained Earnings $3.526B $3.157B
YoY Change 11.69% 14.54%
Common Stock $751.9M $734.8M
YoY Change 2.33% 3.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.481B $3.121B
YoY Change 11.53% 17.3%
Treasury Stock Shares 19.39M shares 18.96M shares
Shareholders Equity $560.7M $439.9M
YoY Change
Total Liabilities & Shareholders Equity $2.512B $2.204B
YoY Change 13.98% 8.28%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $93.30M $92.47M
YoY Change 0.91% 40.8%
Depreciation, Depletion And Amortization $9.157M $7.966M
YoY Change 14.95% -1.92%
Cash From Operating Activities $76.56M $67.60M
YoY Change 13.26% 62.87%
INVESTING ACTIVITIES
Capital Expenditures $29.77M $21.02M
YoY Change 41.68% 46.47%
Acquisitions $500.0K $0.00
YoY Change -100.0%
Other Investing Activities $7.300M $10.30M
YoY Change -29.13% -590.48%
Cash From Investing Activities -$22.46M -$10.70M
YoY Change 109.93% -34.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $118.8M $125.0M
YoY Change -5.0% 0.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$107.7M -$53.95M
YoY Change 99.62% 278.03%
NET CHANGE
Cash From Operating Activities $76.56M $67.60M
Cash From Investing Activities -$22.46M -$10.70M
Cash From Financing Activities -$107.7M -$53.95M
Net Change In Cash -$53.58M $2.954M
YoY Change -1913.88% -72.7%
FREE CASH FLOW
Cash From Operating Activities $76.56M $67.60M
Capital Expenditures $29.77M $21.02M
Free Cash Flow $46.79M $46.58M
YoY Change 0.44% 71.54%

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