2018 Q3 Form 10-Q Financial Statement

#000153095018000172 Filed on August 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q2
Revenue $1.630B $1.608B $1.272B
YoY Change 12.52% 26.41% 2.09%
Cost Of Revenue $1.165B $1.150B $878.4M
YoY Change 14.78% 30.91% 3.6%
Gross Profit $474.9M $458.2M $393.7M
YoY Change 8.65% 16.38% -1.13%
Gross Profit Margin 29.14% 28.49% 30.95%
Selling, General & Admin $243.7M $225.9M $164.2M
YoY Change 6.37% 37.58% -23.98%
% of Gross Profit 51.32% 49.3% 41.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.60M $105.7M $77.80M
YoY Change 8.2% 35.86% 2.77%
% of Gross Profit 20.55% 23.07% 19.76%
Operating Expenses $286.3M $225.9M $164.2M
YoY Change 5.33% 37.58% -23.98%
Operating Profit $188.6M $184.3M $190.5M
YoY Change 14.1% -3.25% 34.15%
Interest Expense -$99.60M $98.90M $76.50M
YoY Change 17.04% 29.28% -1.03%
% of Operating Profit -52.81% 53.66% 40.16%
Other Income/Expense, Net $39.20M $17.20M -$45.20M
YoY Change -900.0% -138.05% -27.8%
Pretax Income -$2.900M $112.2M -$91.60M
YoY Change -112.95% -222.49% -4461.9%
Income Tax $7.400M $15.40M -$32.20M
% Of Pretax Income 13.73%
Net Earnings -$15.60M $96.50M -$59.40M
YoY Change -295.0% -262.46% -1900.0%
Net Earnings / Revenue -0.96% 6.0% -4.67%
Basic Earnings Per Share -$0.26 $1.41 -$0.93
Diluted Earnings Per Share -$0.26 $1.29 -$0.93
COMMON SHARES
Basic Shares Outstanding 66.62M shares 67.00M shares 67.50M shares
Diluted Shares Outstanding 75.00M shares 67.50M shares

Balance Sheet

Concept 2018 Q3 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $990.0M $343.0M $2.473B
YoY Change -35.12% -86.13% 139.4%
Cash & Equivalents $989.7M $342.6M $2.473B
Short-Term Investments
Other Short-Term Assets $264.0M $77.00M $41.00M
YoY Change 633.33% 87.8% -24.07%
Inventory $484.2M $579.1M $526.6M
Prepaid Expenses
Receivables $462.3M $530.4M $480.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.200B $1.529B $3.520B
YoY Change -15.89% -56.56% 79.32%
LONG-TERM ASSETS
Property, Plant & Equipment $1.710B $1.835B $1.367B
YoY Change 1.12% 34.21% 2.02%
Goodwill $4.500B $4.928B $3.126B
YoY Change 11.6% 57.64% 1.44%
Intangibles $3.539B $3.985B $2.768B
YoY Change 5.53% 43.94% -3.65%
Long-Term Investments $5.200M
YoY Change
Other Assets $246.8M $246.0M $22.80M
YoY Change 33.91% 978.95% -60.76%
Total Long-Term Assets $10.86B $10.99B $7.284B
YoY Change 17.24% 50.92% -0.93%
TOTAL ASSETS
Total Short-Term Assets $2.200B $1.529B $3.520B
Total Long-Term Assets $10.86B $10.99B $7.284B
Total Assets $13.06B $12.52B $10.80B
YoY Change 9.94% 15.9% 15.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $365.1M $346.6M $214.8M
YoY Change 8.66% 61.36% -5.71%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.10M $28.60M $22.70M
YoY Change 0.0% 25.99% 42.77%
Total Short-Term Liabilities $792.1M $787.9M $547.3M
YoY Change 12.45% 43.96% -10.85%
LONG-TERM LIABILITIES
Long-Term Debt $7.232B $7.236B $6.369B
YoY Change 1.16% 13.62% 41.74%
Other Long-Term Liabilities $499.3M $549.6M $344.2M
YoY Change 52.32% 59.67% -20.18%
Total Long-Term Liabilities $7.731B $7.785B $6.713B
YoY Change 3.4% 15.98% 36.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $792.1M $787.9M $547.3M
Total Long-Term Liabilities $7.731B $7.785B $6.713B
Total Liabilities $9.997B $9.443B $8.053B
YoY Change 10.01% 17.26% 28.33%
SHAREHOLDERS EQUITY
Retained Earnings $88.00M $106.3M -$390.2M
YoY Change -123.4% -127.24% 0.75%
Common Stock $800.0K $800.0K $700.0K
YoY Change 14.29% 14.29% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $589.9M $589.9M $367.2M
YoY Change 58.92% 60.65% 587.64%
Treasury Stock Shares 8.600M shares
Shareholders Equity $3.050B $3.068B $2.751B
YoY Change
Total Liabilities & Shareholders Equity $13.06B $12.52B $10.80B
YoY Change 9.94% 15.9% 15.98%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$15.60M $96.50M -$59.40M
YoY Change -295.0% -262.46% -1900.0%
Depreciation, Depletion And Amortization $97.60M $105.7M $77.80M
YoY Change 8.2% 35.86% 2.77%
Cash From Operating Activities $128.2M $327.5M $236.1M
YoY Change -25.59% 38.71% 37.99%
INVESTING ACTIVITIES
Capital Expenditures -$82.90M -$56.00M -$61.10M
YoY Change 26.76% -8.35% 68.32%
Acquisitions
YoY Change
Other Investing Activities $4.800M -$3.600M $500.0K
YoY Change -100.26% -820.0% -93.24%
Cash From Investing Activities -$78.10M -$59.60M -$60.60M
YoY Change -95.87% -1.65% 109.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $180.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 597.3M -230.8M 777.0M
YoY Change -22.54% -129.7% 3293.01%
NET CHANGE
Cash From Operating Activities 128.2M 327.5M 236.1M
Cash From Investing Activities -78.10M -59.60M -60.60M
Cash From Financing Activities 597.3M -230.8M 777.0M
Net Change In Cash 647.4M 37.10M 952.5M
YoY Change -168.19% -96.1% 476.92%
FREE CASH FLOW
Cash From Operating Activities $128.2M $327.5M $236.1M
Capital Expenditures -$82.90M -$56.00M -$61.10M
Free Cash Flow $211.1M $383.5M $297.2M
YoY Change -11.19% 29.04% 43.3%

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