2018 Q2 Form 10-Q Financial Statement

#000172063518000016 Filed on July 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $542.7M $513.2M
YoY Change 5.75%
Cost Of Revenue $323.3M $303.5M
YoY Change 6.52%
Gross Profit $219.4M $209.7M
YoY Change 4.63%
Gross Profit Margin 40.43% 40.86%
Selling, General & Admin $143.1M $109.3M
YoY Change 30.92%
% of Gross Profit 65.22% 52.12%
Research & Development $11.00M $10.90M
YoY Change 0.92%
% of Gross Profit 5.01% 5.2%
Depreciation & Amortization $24.30M $24.50M
YoY Change -0.82%
% of Gross Profit 11.08% 11.68%
Operating Expenses $154.1M $120.2M
YoY Change 28.2%
Operating Profit $65.30M $89.50M
YoY Change -27.04%
Interest Expense -$9.300M -$100.0K
YoY Change 9200.0%
% of Operating Profit -14.24% -0.11%
Other Income/Expense, Net -$5.100M -$1.400M
YoY Change 264.29%
Pretax Income $50.90M $88.00M
YoY Change -42.16%
Income Tax $7.600M $17.30M
% Of Pretax Income 14.93% 19.66%
Net Earnings $43.30M $70.70M
YoY Change -38.76%
Net Earnings / Revenue 7.98% 13.78%
Basic Earnings Per Share $0.24 $0.39
Diluted Earnings Per Share $0.24 $0.39
COMMON SHARES
Basic Shares Outstanding 178.5M shares 179.0M shares
Diluted Shares Outstanding 180.8M shares 181.2M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.50M
YoY Change
Cash & Equivalents $91.50M $36.00M
Short-Term Investments
Other Short-Term Assets $136.5M
YoY Change
Inventory $226.7M
Prepaid Expenses $46.80M
Receivables $438.7M
Other Receivables $0.00
Total Short-Term Assets $819.7M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $261.1M
YoY Change
Goodwill $2.236B
YoY Change
Intangibles $1.204B
YoY Change
Long-Term Investments
YoY Change
Other Assets $56.10M
YoY Change
Total Long-Term Assets $3.496B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $819.7M
Total Long-Term Assets $3.496B
Total Assets $4.577B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.7M
YoY Change
Accrued Expenses $100.3M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $10.30M
YoY Change
Total Short-Term Liabilities $387.4M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $994.0M
YoY Change
Other Long-Term Liabilities $78.50M
YoY Change
Total Long-Term Liabilities $1.073B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $387.4M
Total Long-Term Liabilities $1.073B
Total Liabilities $1.880B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $42.10M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.696B
YoY Change
Total Liabilities & Shareholders Equity $4.577B
YoY Change

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $43.30M $70.70M
YoY Change -38.76%
Depreciation, Depletion And Amortization $24.30M $24.50M
YoY Change -0.82%
Cash From Operating Activities $45.50M $38.00M
YoY Change 19.74%
INVESTING ACTIVITIES
Capital Expenditures -$4.300M -$7.600M
YoY Change -43.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.900M
YoY Change -100.0%
Cash From Investing Activities -$4.300M -$3.700M
YoY Change 16.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -781.0M -23.80M
YoY Change 3181.51%
NET CHANGE
Cash From Operating Activities 45.50M 38.00M
Cash From Investing Activities -4.300M -3.700M
Cash From Financing Activities -781.0M -23.80M
Net Change In Cash -739.8M 10.50M
YoY Change -7145.71%
FREE CASH FLOW
Cash From Operating Activities $45.50M $38.00M
Capital Expenditures -$4.300M -$7.600M
Free Cash Flow $49.80M $45.60M
YoY Change 9.21%

Facts In Submission

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us-gaap Other Nonoperating Expense
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us-gaap Payments For Restructuring
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2017Q4 us-gaap Prepaid Taxes
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31300000 USD
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us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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0 USD
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5000000 USD
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3900000 USD
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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