2020 Q4 Form 10-Q Financial Statement

#000162828020014861 Filed on October 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $2.156B $1.955B $1.736B
YoY Change 24.22% 10.33% 6.68%
Cost Of Revenue $1.606B $1.420B $1.313B
YoY Change 22.38% 6.36% 6.21%
Gross Profit $550.0M $534.6M $423.3M
YoY Change 29.92% 22.47% 8.2%
Gross Profit Margin 25.51% 27.35% 24.39%
Selling, General & Admin $231.2M $236.1M $235.6M
YoY Change -1.87% -5.79% 12.3%
% of Gross Profit 42.04% 44.16% 55.65%
Research & Development $73.20M $77.20M $72.10M
YoY Change 1.53% -0.13% 16.48%
% of Gross Profit 13.31% 14.44% 17.03%
Depreciation & Amortization $70.20M $63.40M $61.50M
YoY Change 14.15% 3.76% 11.62%
% of Gross Profit 12.76% 11.86% 14.53%
Operating Expenses $304.4M $313.3M $307.7M
YoY Change -1.07% -4.45% 13.21%
Operating Profit $245.6M $239.4M $115.6M
YoY Change 112.38% 83.73% -3.2%
Interest Expense $1.900M $17.30M $3.900M
YoY Change -51.28% -12.63% -1400.0%
% of Operating Profit 0.77% 7.23% 3.37%
Other Income/Expense, Net $700.0K -$3.200M $1.400M
YoY Change -50.0% -288.24% 250.0%
Pretax Income $248.2M $218.9M $120.9M
YoY Change 105.29% 102.31% 1.0%
Income Tax $49.40M $52.00M $22.00M
% Of Pretax Income 19.9% 23.76% 18.2%
Net Earnings $198.8M $166.8M $98.93M
YoY Change 100.95% 88.69% 8.15%
Net Earnings / Revenue 9.22% 8.53% 5.7%
Basic Earnings Per Share $2.70
Diluted Earnings Per Share $3.058M $2.66 $1.58
COMMON SHARES
Basic Shares Outstanding 61.70M shares 61.90M shares 61.17M shares
Diluted Shares Outstanding 62.80M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $634.7M $820.6M $157.1M
YoY Change 304.01% 571.52% -2.54%
Cash & Equivalents $634.7M $820.6M $157.1M
Short-Term Investments
Other Short-Term Assets $134.1M $98.60M $125.9M
YoY Change 6.51% -16.93% 3.71%
Inventory $1.178B $1.214B $1.121B
Prepaid Expenses
Receivables $257.2M $241.3M $190.4M
Other Receivables $3.900M $5.700M $32.50M
Total Short-Term Assets $2.208B $2.380B $1.627B
YoY Change 35.68% 36.52% 9.51%
LONG-TERM ASSETS
Property, Plant & Equipment $888.8M $865.3M $899.8M
YoY Change -1.22% -2.52% 6.72%
Goodwill $397.3M $392.9M $659.9M
YoY Change -39.79% -39.97% 1.98%
Intangibles $686.4M $694.4M $830.3M
YoY Change -17.33% -17.34% -4.62%
Long-Term Investments $59.40M $44.90M $110.6M
YoY Change -46.29% -56.87% 20.09%
Other Assets $90.20M $114.2M $99.40M
YoY Change -9.26% 20.41% 0.44%
Total Long-Term Assets $2.425B $2.404B $2.804B
YoY Change -13.49% -13.66% 6.22%
TOTAL ASSETS
Total Short-Term Assets $2.208B $2.380B $1.627B
Total Long-Term Assets $2.425B $2.404B $2.804B
Total Assets $4.633B $4.784B $4.431B
YoY Change 4.56% 5.66% 7.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $782.2M $790.7M $450.2M
YoY Change 73.75% 35.28% 30.01%
Accrued Expenses $943.1M $868.2M $896.0M
YoY Change 5.26% -1.42% 14.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $142.1M $542.1M $166.7M
YoY Change -14.76% 712.74% 150.51%
Total Short-Term Liabilities $1.889B $2.239B $1.528B
YoY Change 23.65% 44.81% 27.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.309B $1.322B $1.527B
YoY Change -14.29% -22.99% -19.47%
Other Long-Term Liabilities $166.5M $159.3M $143.9M
YoY Change 15.71% 20.93% 17.4%
Total Long-Term Liabilities $1.475B $159.3M $1.671B
YoY Change -11.71% 20.93% -17.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.889B $2.239B $1.528B
Total Long-Term Liabilities $1.475B $159.3M $1.671B
Total Liabilities $3.476B $3.820B $3.309B
YoY Change 5.04% 9.05% 1.77%
SHAREHOLDERS EQUITY
Retained Earnings $218.4M $59.00M $287.3M
YoY Change -23.98% -74.22% 137.21%
Common Stock $600.0K $600.0K $600.0K
YoY Change 0.0% -1.96% -1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.145B $947.5M $1.108B
YoY Change
Total Liabilities & Shareholders Equity $4.633B $4.784B $4.431B
YoY Change 4.56% 5.66% 7.41%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $198.8M $166.8M $98.93M
YoY Change 100.95% 88.69% 8.15%
Depreciation, Depletion And Amortization $70.20M $63.40M $61.50M
YoY Change 14.15% 3.76% 11.62%
Cash From Operating Activities $342.9M $366.0M $218.9M
YoY Change 56.65% 56.95% 77.97%
INVESTING ACTIVITIES
Capital Expenditures -$82.10M -$43.70M -$62.10M
YoY Change 32.21% -16.12% -8.14%
Acquisitions
YoY Change
Other Investing Activities -$14.90M $27.50M $2.200M
YoY Change -777.27% 1733.33% -106.53%
Cash From Investing Activities -$97.00M -$16.20M -$59.90M
YoY Change 61.94% -67.98% -40.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -452.6M -78.20M -123.8M
YoY Change 265.59% -47.3% 216.62%
NET CHANGE
Cash From Operating Activities 342.9M 366.0M 218.9M
Cash From Investing Activities -97.00M -16.20M -59.90M
Cash From Financing Activities -452.6M -78.20M -123.8M
Net Change In Cash -206.7M 271.6M 35.20M
YoY Change -687.22% 694.15% -301.14%
FREE CASH FLOW
Cash From Operating Activities $342.9M $366.0M $218.9M
Capital Expenditures -$82.10M -$43.70M -$62.10M
Free Cash Flow $425.0M $409.7M $281.0M
YoY Change 51.25% 43.6% 47.43%

Facts In Submission

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