2018 Q4 Form 10-Q Financial Statement

#000077515819000006 Filed on January 31, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $1.803B $1.586B
YoY Change 13.69% 30.95%
Cost Of Revenue $1.475B $1.343B
YoY Change 9.81% 32.78%
Gross Profit $328.3M $243.0M
YoY Change 35.1% 21.68%
Gross Profit Margin 18.2% 15.32%
Selling, General & Admin $158.6M $157.9M
YoY Change 0.44% 4.57%
% of Gross Profit 48.31% 64.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.70M $31.40M
YoY Change -8.6% -2.18%
% of Gross Profit 8.74% 12.92%
Operating Expenses $167.8M $168.5M
YoY Change -0.42% 3.06%
Operating Profit $160.5M $74.50M
YoY Change 115.44% 105.8%
Interest Expense -$11.50M -$13.70M
YoY Change -16.06% 26.85%
% of Operating Profit -7.17% -18.39%
Other Income/Expense, Net -$1.200M -$200.0K
YoY Change 500.0% -115.38%
Pretax Income $147.8M $60.60M
YoY Change 143.89% 156.78%
Income Tax $39.70M $4.700M
% Of Pretax Income 26.86% 7.76%
Net Earnings $109.0M $56.40M
YoY Change 93.26% 193.75%
Net Earnings / Revenue 6.04% 3.56%
Basic Earnings Per Share $1.53 $0.75
Diluted Earnings Per Share $1.51 $0.74
COMMON SHARES
Basic Shares Outstanding 71.46M 74.85M shares
Diluted Shares Outstanding 72.10M 76.02M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.9M $379.1M
YoY Change -57.82% 2.57%
Cash & Equivalents $159.9M $379.1M
Short-Term Investments
Other Short-Term Assets $66.30M $88.20M
YoY Change -24.83% -25.7%
Inventory $1.152B $1.220B
Prepaid Expenses
Receivables $1.415B $1.229B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.255B $2.917B
YoY Change 11.61% 21.73%
LONG-TERM ASSETS
Property, Plant & Equipment $487.1M $458.0M
YoY Change 6.35% 2.48%
Goodwill $1.005B $1.016B
YoY Change -1.04% 2.5%
Intangibles $460.0M $497.3M
YoY Change -7.5% -8.03%
Long-Term Investments
YoY Change
Other Assets $84.60M $74.40M
YoY Change 13.71% -36.08%
Total Long-Term Assets $2.043B $2.046B
YoY Change -0.12% -2.36%
TOTAL ASSETS
Total Short-Term Assets $3.255B $2.917B
Total Long-Term Assets $2.043B $2.046B
Total Assets $5.298B $4.962B
YoY Change 6.77% 10.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $608.4M $554.8M
YoY Change 9.66% 16.14%
Accrued Expenses $119.8M $129.6M
YoY Change -7.56% 18.9%
Deferred Revenue $472.1M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $20.00M
YoY Change -100.0% 300.0%
Total Short-Term Liabilities $1.724B $1.565B
YoY Change 10.11% 17.0%
LONG-TERM LIABILITIES
Long-Term Debt $818.3M $803.4M
YoY Change 1.85% -2.22%
Other Long-Term Liabilities $303.3M $299.9M
YoY Change 1.13% -9.34%
Total Long-Term Liabilities $1.122B $1.103B
YoY Change 1.66% -4.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.724B $1.565B
Total Long-Term Liabilities $1.122B $1.103B
Total Liabilities $2.845B $2.669B
YoY Change 6.62% 7.16%
SHAREHOLDERS EQUITY
Retained Earnings $2.091B $2.438B
YoY Change -14.25% 11.81%
Common Stock $798.3M $800.2M
YoY Change -0.24% 1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $353.2M $822.6M
YoY Change -57.06% 4.56%
Treasury Stock Shares 5.075M shares 17.48M shares
Shareholders Equity $2.453B $2.293B
YoY Change
Total Liabilities & Shareholders Equity $5.298B $4.962B
YoY Change 6.77% 10.49%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $109.0M $56.40M
YoY Change 93.26% 193.75%
Depreciation, Depletion And Amortization $28.70M $31.40M
YoY Change -8.6% -2.18%
Cash From Operating Activities -$85.90M $29.20M
YoY Change -394.18% -65.16%
INVESTING ACTIVITIES
Capital Expenditures $13.20M $18.70M
YoY Change -29.41% 31.69%
Acquisitions
YoY Change
Other Investing Activities -$1.700M $800.0K
YoY Change -312.5% 300.0%
Cash From Investing Activities -$15.10M -$18.20M
YoY Change -17.03% -17.27%
FINANCING ACTIVITIES
Cash Dividend Paid $19.30M $18.00M
YoY Change 7.22% 15.38%
Common Stock Issuance & Retirement, Net $176.9M $71.10M
YoY Change 148.8% 2270.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -194.5M -$79.00M
YoY Change 146.2% 537.1%
NET CHANGE
Cash From Operating Activities -85.90M $29.20M
Cash From Investing Activities -15.10M -$18.20M
Cash From Financing Activities -194.5M -$79.00M
Net Change In Cash -294.7M -$68.00M
YoY Change 333.38% -237.65%
FREE CASH FLOW
Cash From Operating Activities -$85.90M $29.20M
Capital Expenditures $13.20M $18.70M
Free Cash Flow -$99.10M $10.50M
YoY Change -1043.81% -84.91%

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300500000 USD
CY2017Q4 us-gaap Investment Income Interest
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1700000 USD
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2100000 USD
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18700000 USD
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13200000 USD
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0 shares
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PreferredStockSharesOutstanding
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0 USD
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PreferredStockValue
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2500000 USD
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2300000 USD
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6500000 USD
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0 USD
CY2017Q4 us-gaap Proceeds From Stock Options Exercised
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8600000 USD
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1700000 USD
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56400000 USD
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68500000 USD
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StandardProductWarrantyAccrual
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59100000 USD
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100000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual Payments
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12800000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Payments
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1200000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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10000000 shares
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StockholdersEquity
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2513500000 USD
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CY2018Q3 us-gaap Treasury Stock Shares
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TreasuryStockShares
5075430 shares
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TreasuryStockSharesAcquired
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CY2018Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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203100000 USD
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TreasuryStockValue
353200000 USD
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63700000 USD
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170000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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5300000 USD
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300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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200000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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24600000 USD
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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74846829 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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71464489 shares

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