2019 Q1 Form 10-Q Financial Statement

#000172063519000019 Filed on April 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $538.0M $538.9M
YoY Change -0.17% 7.31%
Cost Of Revenue $328.1M $330.0M
YoY Change -0.58% 8.73%
Gross Profit $209.9M $208.9M
YoY Change 0.48% 5.13%
Gross Profit Margin 39.01% 38.76%
Selling, General & Admin $120.1M $131.9M
YoY Change -8.95% 9.83%
% of Gross Profit 57.22% 63.14%
Research & Development $12.30M $11.40M
YoY Change 7.89% 3.64%
% of Gross Profit 5.86% 5.46%
Depreciation & Amortization $8.400M $9.200M
YoY Change -8.7% 5.75%
% of Gross Profit 4.0% 4.4%
Operating Expenses $132.4M $143.3M
YoY Change -7.61% 9.31%
Operating Profit $77.50M $65.60M
YoY Change 18.14% -2.96%
Interest Expense -$10.50M -$600.0K
YoY Change 1650.0% 500.0%
% of Operating Profit -13.55% -0.91%
Other Income/Expense, Net -$900.0K -$1.200M
YoY Change -25.0% -14.29%
Pretax Income $66.10M $63.80M
YoY Change 3.61% -3.48%
Income Tax $9.700M $11.50M
% Of Pretax Income 14.67% 18.03%
Net Earnings $56.40M $52.30M
YoY Change 7.84% -5.42%
Net Earnings / Revenue 10.48% 9.7%
Basic Earnings Per Share $0.32 $0.29
Diluted Earnings Per Share $0.32 $0.29
COMMON SHARES
Basic Shares Outstanding 176.5M shares 179.0M shares
Diluted Shares Outstanding 178.2M shares 181.2M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.60M $836.7M
YoY Change -96.1%
Cash & Equivalents $32.60M $836.7M
Short-Term Investments
Other Short-Term Assets $126.5M $134.1M
YoY Change -5.67%
Inventory $244.4M $222.3M
Prepaid Expenses $37.50M $29.40M
Receivables $415.4M $425.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $746.2M $1.525B
YoY Change -51.06%
LONG-TERM ASSETS
Property, Plant & Equipment $264.6M $265.1M
YoY Change -0.19%
Goodwill $2.234B $2.241B
YoY Change -0.33%
Intangibles $1.159B $1.221B
YoY Change -5.08%
Long-Term Investments
YoY Change
Other Assets $71.30M $77.30M
YoY Change -7.76%
Total Long-Term Assets $3.464B $3.511B
YoY Change -1.35%
TOTAL ASSETS
Total Short-Term Assets $746.2M $1.525B
Total Long-Term Assets $3.464B $3.511B
Total Assets $4.475B $5.301B
YoY Change -15.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.1M $141.7M
YoY Change 5.22%
Accrued Expenses $109.1M $91.60M
YoY Change 19.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.80M
YoY Change
Total Short-Term Liabilities $410.2M $328.7M
YoY Change 24.79%
LONG-TERM LIABILITIES
Long-Term Debt $939.4M $793.0M
YoY Change 18.46%
Other Long-Term Liabilities $105.7M $85.50M
YoY Change 23.63%
Total Long-Term Liabilities $1.045B $878.5M
YoY Change 18.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $410.2M $328.7M
Total Long-Term Liabilities $1.045B $878.5M
Total Liabilities $1.840B $1.661B
YoY Change 10.76%
SHAREHOLDERS EQUITY
Retained Earnings $109.2M $3.676B
YoY Change -97.03%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.635B $3.640B
YoY Change
Total Liabilities & Shareholders Equity $4.475B $5.301B
YoY Change -15.59%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $56.40M $52.30M
YoY Change 7.84% -5.42%
Depreciation, Depletion And Amortization $8.400M $9.200M
YoY Change -8.7% 5.75%
Cash From Operating Activities -$13.10M $36.10M
YoY Change -136.29% -58.55%
INVESTING ACTIVITIES
Capital Expenditures $9.200M $5.400M
YoY Change 70.37% -52.21%
Acquisitions $0.00 $2.000M
YoY Change -100.0% -85.19%
Other Investing Activities $6.000M $300.0K
YoY Change 1900.0% -102.22%
Cash From Investing Activities -$3.200M -$5.100M
YoY Change -37.25% -79.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $76.10M $0.00
YoY Change
Debt Paid & Issued, Net $2.500M $0.00
YoY Change
Cash From Financing Activities -$108.6M $782.5M
YoY Change -113.88% -1631.31%
NET CHANGE
Cash From Operating Activities -$13.10M $36.10M
Cash From Investing Activities -$3.200M -$5.100M
Cash From Financing Activities -$108.6M $782.5M
Net Change In Cash -$126.4M $813.5M
YoY Change -115.54% 7163.39%
FREE CASH FLOW
Cash From Operating Activities -$13.10M $36.10M
Capital Expenditures $9.200M $5.400M
Free Cash Flow -$22.30M $30.70M
YoY Change -172.64% -59.5%

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880000000 shares
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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179000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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176500000 shares

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