2018 Q4 Form 10-Q Financial Statement

#000083307918000085 Filed on October 29, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $1.013B $888.4M $805.6M
YoY Change 7.06% 10.28% 7.01%
Cost Of Revenue $889.7M $788.0M $718.4M
YoY Change 5.98% 9.69% 6.45%
Gross Profit $123.4M $100.4M $144.6M
YoY Change -27.93% -30.57% 9.65%
Gross Profit Margin 12.18% 11.3% 17.95%
Selling, General & Admin $37.50M $96.19M $87.48M
YoY Change 12.95% 9.95% 2.04%
% of Gross Profit 30.39% 95.8% 60.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.500M $6.900M $4.200M
YoY Change 63.04% 64.29% 7.69%
% of Gross Profit 6.08% 6.87% 2.9%
Operating Expenses $36.10M $96.19M $87.48M
YoY Change 12.81% 9.95% 2.04%
Operating Profit $87.30M $4.212M $57.12M
YoY Change -37.3% -92.63% 23.8%
Interest Expense $4.400M $53.00K $1.116M
YoY Change -13.73% -95.25% 568.26%
% of Operating Profit 5.04% 1.26% 1.95%
Other Income/Expense, Net $2.812M $2.028M
YoY Change 38.66% 41.32%
Pretax Income $91.78M $71.41M $63.46M
YoY Change 9.14% 12.53% 17.94%
Income Tax $19.00M $17.27M $20.91M
% Of Pretax Income 20.7% 24.19% 32.94%
Net Earnings $75.49M $54.14M $42.55M
YoY Change 112.32% 27.23% 15.35%
Net Earnings / Revenue 7.45% 6.09% 5.28%
Basic Earnings Per Share $1.93 $1.34 $1.06
Diluted Earnings Per Share $1.91 $1.33 $1.02
COMMON SHARES
Basic Shares Outstanding 39.97M shares 40.28M shares 40.32M shares
Diluted Shares Outstanding 40.86M shares 42.01M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $311.5M $205.8M $115.2M
YoY Change 82.48% 78.65% 6.77%
Cash & Equivalents $311.5M $205.8M $115.2M
Short-Term Investments
Other Short-Term Assets $84.20M $82.80M $83.10M
YoY Change -1.06% -0.36% 27.06%
Inventory $2.743B $2.887B $2.762B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.216B $3.256B $3.040B
YoY Change 4.86% 7.11% 13.47%
LONG-TERM ASSETS
Property, Plant & Equipment $54.60M $53.37M $32.08M
YoY Change 62.34% 66.37% -5.6%
Goodwill $32.96M $33.00M $33.00M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $17.50M $16.30M $16.40M
YoY Change 2.34% -0.61% 38.98%
Other Assets $26.50M $36.70M $56.90M
YoY Change -24.72% -35.5% -1.22%
Total Long-Term Assets $149.9M $192.8M $212.7M
YoY Change -18.88% -9.36% 9.36%
TOTAL ASSETS
Total Short-Term Assets $3.216B $3.256B $3.040B
Total Long-Term Assets $149.9M $192.8M $212.7M
Total Assets $3.365B $3.448B $3.252B
YoY Change 3.51% 6.03% 13.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.2M $156.8M $140.5M
YoY Change -8.75% 11.6% -5.26%
Accrued Expenses $170.3M $191.8M $181.3M
YoY Change 1.98% 5.79% 5.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $334.7M $391.4M $373.1M
YoY Change -5.88% 4.9% 1.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.310B $1.312B $1.304B
YoY Change 2.05% 0.58% 14.42%
Other Long-Term Liabilities $0.00 $32.70M $35.80M
YoY Change -100.0% -8.66%
Total Long-Term Liabilities $1.310B $1.344B $1.340B
YoY Change -0.66% 0.33% 17.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $334.7M $391.4M $373.1M
Total Long-Term Liabilities $1.310B $1.344B $1.340B
Total Liabilities $1.645B $1.736B $1.713B
YoY Change -1.77% 1.33% 13.77%
SHAREHOLDERS EQUITY
Retained Earnings $1.219B $1.143B $956.3M
YoY Change 22.86% 19.54% 20.02%
Common Stock $502.2M $569.4M $582.8M
YoY Change -14.16% -2.31% 2.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.721B $1.712B $1.539B
YoY Change
Total Liabilities & Shareholders Equity $3.365B $3.448B $3.252B
YoY Change 3.51% 6.03% 13.19%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $75.49M $54.14M $42.55M
YoY Change 112.32% 27.23% 15.35%
Depreciation, Depletion And Amortization $7.500M $6.900M $4.200M
YoY Change 63.04% 64.29% 7.69%
Cash From Operating Activities $188.5M $84.20M -$43.70M
YoY Change 115.92% -292.68% 15.92%
INVESTING ACTIVITIES
Capital Expenditures -$9.600M -$8.100M -$3.700M
YoY Change 57.38% 118.92% -21.28%
Acquisitions
YoY Change
Other Investing Activities -$300.0K $500.0K $200.0K
YoY Change 200.0% 150.0%
Cash From Investing Activities -$9.900M -$7.500M -$3.500M
YoY Change 59.68% 114.29% -27.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.00M -40.20M -54.40M
YoY Change 185.16% -26.1% -345.05%
NET CHANGE
Cash From Operating Activities 188.5M 84.20M -43.70M
Cash From Investing Activities -9.900M -7.500M -3.500M
Cash From Financing Activities -73.00M -40.20M -54.40M
Net Change In Cash 105.6M 36.50M -101.6M
YoY Change 90.27% -135.93% 400.49%
FREE CASH FLOW
Cash From Operating Activities $188.5M $84.20M -$43.70M
Capital Expenditures -$9.600M -$8.100M -$3.700M
Free Cash Flow $198.1M $92.30M -$40.00M
YoY Change 112.1% -330.75% 21.21%

Facts In Submission

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