2019 Q1 Form 10-Q Financial Statement

#000100075319000017 Filed on April 29, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.153B $1.014B
YoY Change 13.67% 14.92%
Cost Of Revenue $926.3M $814.7M
YoY Change 13.7% 12.64%
Gross Profit $226.7M $199.7M
YoY Change 13.52% 25.34%
Gross Profit Margin 19.66% 19.69%
Selling, General & Admin $134.6M $129.8M
YoY Change 3.7% 27.76%
% of Gross Profit 59.37% 64.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.700M $5.200M
YoY Change 28.85% 20.93%
% of Gross Profit 2.96% 2.6%
Operating Expenses $141.3M $135.0M
YoY Change 4.62% 27.55%
Operating Profit $85.46M $64.70M
YoY Change 32.08% 20.96%
Interest Expense $1.681M $1.070M
YoY Change 57.1% 71.75%
% of Operating Profit 1.97% 1.65%
Other Income/Expense, Net
YoY Change
Pretax Income $87.03M $65.09M
YoY Change 33.7% 22.04%
Income Tax $10.74M $15.10M
% Of Pretax Income 12.34% 23.2%
Net Earnings $76.29M $49.99M
YoY Change 52.61% 40.31%
Net Earnings / Revenue 6.62% 4.93%
Basic Earnings Per Share $1.86 $1.20
Diluted Earnings Per Share $1.85 $1.18
COMMON SHARES
Basic Shares Outstanding 40.51M shares 41.22M shares
Diluted Shares Outstanding 40.65M shares 41.72M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $452.5M $356.6M
YoY Change 26.89% 16.65%
Cash & Equivalents $398.9M $354.6M
Short-Term Investments $53.60M $1.900M
Other Short-Term Assets $36.62M $28.39M
YoY Change 29.0% 22.91%
Inventory
Prepaid Expenses
Receivables $421.3M $3.923M
Other Receivables $0.00 $5.600M
Total Short-Term Assets $980.1M $801.0M
YoY Change 22.36% 23.14%
LONG-TERM ASSETS
Property, Plant & Equipment $116.1M $97.06M
YoY Change 19.65% 10.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.534M $5.513M
YoY Change 0.38% 85.12%
Total Long-Term Assets $370.9M $290.5M
YoY Change 27.7% 4.46%
TOTAL ASSETS
Total Short-Term Assets $980.1M $801.0M
Total Long-Term Assets $370.9M $290.5M
Total Assets $1.351B $1.091B
YoY Change 23.78% 17.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.854M $5.517M
YoY Change 42.36% 21.47%
Accrued Expenses $49.24M $27.70M
YoY Change 77.8% 8.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $850.4M $709.6M
YoY Change 19.84% 20.08%
LONG-TERM LIABILITIES
Long-Term Debt $144.4M $104.4M
YoY Change 38.31% 0.0%
Other Long-Term Liabilities $0.00 $171.8M
YoY Change -100.0% 17.03%
Total Long-Term Liabilities $381.4M $279.0M
YoY Change 36.7% 11.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $850.4M $709.6M
Total Long-Term Liabilities $381.4M $279.0M
Total Liabilities $1.232B $988.6M
YoY Change 24.59% 17.4%
SHAREHOLDERS EQUITY
Retained Earnings $460.9M $337.5M
YoY Change 36.55% 9.4%
Common Stock $34.39M $23.20M
YoY Change 48.2% 91.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $376.1M $257.9M
YoY Change 45.83% 10.11%
Treasury Stock Shares
Shareholders Equity $119.2M $102.8M
YoY Change
Total Liabilities & Shareholders Equity $1.351B $1.091B
YoY Change 23.78% 17.55%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $76.29M $49.99M
YoY Change 52.61% 40.31%
Depreciation, Depletion And Amortization $6.700M $5.200M
YoY Change 28.85% 20.93%
Cash From Operating Activities $117.7M $30.19M
YoY Change 289.8% -30.56%
INVESTING ACTIVITIES
Capital Expenditures $5.608M $6.585M
YoY Change -14.84% -43.07%
Acquisitions
YoY Change
Other Investing Activities $7.300M $0.00
YoY Change
Cash From Investing Activities $1.713M -$6.572M
YoY Change -126.07% -43.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$40.34M $16.62M
YoY Change -342.77% -216.43%
NET CHANGE
Cash From Operating Activities $117.7M $30.19M
Cash From Investing Activities $1.713M -$6.572M
Cash From Financing Activities -$40.34M $16.62M
Net Change In Cash $79.07M $40.24M
YoY Change 96.51% 128.15%
FREE CASH FLOW
Cash From Operating Activities $117.7M $30.19M
Capital Expenditures $5.608M $6.585M
Free Cash Flow $112.1M $23.61M
YoY Change 374.77% -26.03%

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