2018 Q3 Form 10-Q Financial Statement

#000172063518000024 Filed on October 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $563.9M $540.6M
YoY Change 4.31%
Cost Of Revenue $334.8M $320.5M
YoY Change 4.46%
Gross Profit $229.1M $220.1M
YoY Change 4.09%
Gross Profit Margin 40.63% 40.71%
Selling, General & Admin $124.1M $110.0M
YoY Change 12.82%
% of Gross Profit 54.17% 49.98%
Research & Development $11.30M $10.50M
YoY Change 7.62%
% of Gross Profit 4.93% 4.77%
Depreciation & Amortization $24.50M $24.80M
YoY Change -1.21% -65.31%
% of Gross Profit 10.69% 11.27%
Operating Expenses $135.4M $120.5M
YoY Change 12.37%
Operating Profit $93.70M $99.60M
YoY Change -5.92%
Interest Expense -$11.70M -$200.0K
YoY Change 5750.0%
% of Operating Profit -12.49% -0.2%
Other Income/Expense, Net -$900.0K -$1.400M
YoY Change -35.71%
Pretax Income $81.10M $98.00M
YoY Change -17.24%
Income Tax $12.90M $18.30M
% Of Pretax Income 15.91% 18.67%
Net Earnings $68.20M $79.70M
YoY Change -14.43%
Net Earnings / Revenue 12.09% 14.74%
Basic Earnings Per Share $0.38 $0.45
Diluted Earnings Per Share $0.38 $0.44
COMMON SHARES
Basic Shares Outstanding 179.3M shares 179.0M shares
Diluted Shares Outstanding 181.5M shares 181.2M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.0M $27.20M
YoY Change 289.71%
Cash & Equivalents $106.0M $27.20M
Short-Term Investments
Other Short-Term Assets $126.7M $47.90M
YoY Change 164.51%
Inventory $237.1M $229.3M
Prepaid Expenses $36.10M
Receivables $433.7M $440.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $835.3M $744.7M
YoY Change 12.17%
LONG-TERM ASSETS
Property, Plant & Equipment $264.0M $268.4M
YoY Change -1.64%
Goodwill $2.238B
YoY Change
Intangibles $1.190B
YoY Change
Long-Term Investments
YoY Change
Other Assets $56.20M $47.70M
YoY Change 17.82%
Total Long-Term Assets $3.484B $4.031B
YoY Change -13.57%
TOTAL ASSETS
Total Short-Term Assets $835.3M $744.7M
Total Long-Term Assets $3.484B $4.031B
Total Assets $4.583B $4.776B
YoY Change -4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $141.9M $139.8M
YoY Change 1.5%
Accrued Expenses $134.3M $99.00M
YoY Change 35.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.30M
YoY Change
Total Short-Term Liabilities $425.3M $346.4M
YoY Change 22.78%
LONG-TERM LIABILITIES
Long-Term Debt $944.0M $0.00
YoY Change
Other Long-Term Liabilities $74.80M $243.5M
YoY Change -69.28%
Total Long-Term Liabilities $1.019B $243.5M
YoY Change 318.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $425.3M $346.4M
Total Long-Term Liabilities $1.019B $243.5M
Total Liabilities $1.868B $1.013B
YoY Change 84.39%
SHAREHOLDERS EQUITY
Retained Earnings $47.50M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.716B $3.763B
YoY Change
Total Liabilities & Shareholders Equity $4.583B $4.776B
YoY Change -4.03%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $68.20M $79.70M
YoY Change -14.43%
Depreciation, Depletion And Amortization $24.50M $24.80M
YoY Change -1.21% -65.31%
Cash From Operating Activities $101.0M $173.3M
YoY Change -41.72% -35.98%
INVESTING ACTIVITIES
Capital Expenditures -$18.80M -$6.200M
YoY Change 203.23% -89.97%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$100.0K
YoY Change -100.0% -101.75%
Cash From Investing Activities -$18.80M -$6.300M
YoY Change 198.41% -88.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.60M -166.8M
YoY Change -54.08% -25.93%
NET CHANGE
Cash From Operating Activities 101.0M 173.3M
Cash From Investing Activities -18.80M -6.300M
Cash From Financing Activities -76.60M -166.8M
Net Change In Cash 5.600M 200.0K
YoY Change 2700.0% -101.89%
FREE CASH FLOW
Cash From Operating Activities $101.0M $173.3M
Capital Expenditures -$18.80M -$6.200M
Free Cash Flow $119.8M $179.5M
YoY Change -33.26% -46.02%

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25100000 USD
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31300000 USD
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1000000000 USD
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0 USD
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10100000 USD
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0 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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3900000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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2300000 USD
CY2017Q4 us-gaap Product Warranty Accrual
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us-gaap Repayments Of Long Term Debt
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us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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us-gaap Restructuring And Related Cost Incurred Cost
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6400000 USD
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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CY2017Q3 us-gaap Restructuring Charges
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1700000 USD
us-gaap Restructuring Charges
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14700000 USD
CY2018Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2017Q4 us-gaap Restructuring Reserve
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0253
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
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CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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181200000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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181100000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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179000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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179000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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179300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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178800000 shares

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