2019 Q3 Form 10-Q Financial Statement

#000160477819000084 Filed on November 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $806.7M $884.4M $692.7M
YoY Change -8.79% 7.65% 7.73%
Cost Of Revenue $483.1M $530.9M $455.9M
YoY Change -9.01% 6.07% 10.83%
Gross Profit $323.6M $353.5M $236.7M
YoY Change -8.47% 10.12% 2.22%
Gross Profit Margin 40.11% 39.97% 34.18%
Selling, General & Admin $88.27M $139.5M $135.9M
YoY Change -36.72% 0.46% 2.43%
% of Gross Profit 27.28% 39.46% 57.42%
Research & Development $115.6M $116.7M $110.9M
YoY Change -0.97% 4.8% -4.15%
% of Gross Profit 35.73% 33.03% 46.85%
Depreciation & Amortization $111.1M $180.1M $43.45M
YoY Change -38.31% 320.53% -76.56%
% of Gross Profit 34.33% 50.95% 18.35%
Operating Expenses $210.8M $263.0M $255.9M
YoY Change -19.85% -3.1% -0.02%
Operating Profit $112.8M $90.48M -$19.22M
YoY Change 24.64% 82.55% -21.26%
Interest Expense $12.69M $9.689M $14.35M
YoY Change 31.0% -34.44% 9.56%
% of Operating Profit 11.26% 10.71%
Other Income/Expense, Net -$300.0K -$49.53M -$31.96M
YoY Change -99.39% 25697.92% -10751.67%
Pretax Income $102.1M $32.84M -$62.13M
YoY Change 210.94% -7.9% 66.57%
Income Tax $19.00M $752.0K -$32.10M
% Of Pretax Income 18.61% 2.29%
Net Earnings $83.04M $32.08M -$29.99M
YoY Change 158.81% -10.68% -153.65%
Net Earnings / Revenue 10.29% 3.63% -4.33%
Basic Earnings Per Share $0.71 $0.26 -$0.24
Diluted Earnings Per Share $0.70 $0.25 -$0.24
COMMON SHARES
Basic Shares Outstanding 117.3M shares 125.6M shares 126.2M shares
Diluted Shares Outstanding 119.4M shares 128.6M shares 126.2M shares

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $586.8M $557.9M $392.0M
YoY Change 5.18% 8.84% -28.14%
Cash & Equivalents $586.8M $557.9M $334.0M
Short-Term Investments $58.00M
Other Short-Term Assets $33.21M $30.85M $34.55M
YoY Change 7.65% 7.43% 31.55%
Inventory $485.3M $474.5M $501.6M
Prepaid Expenses $27.29M $26.31M $24.87M
Receivables $405.1M $491.2M $360.9M
Other Receivables $14.10M $39.00M $53.80M
Total Short-Term Assets $1.552B $1.620B $1.368B
YoY Change -4.2% 0.72% -6.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.296B $1.402B $1.369B
YoY Change -7.54% -2.88% -1.68%
Goodwill $2.305B $2.174B $2.174B
YoY Change 6.04% 0.0% 0.0%
Intangibles $451.8M $595.9M $729.2M
YoY Change -24.18% -47.94%
Long-Term Investments $97.50M $90.90M $79.50M
YoY Change 7.26% 151.1% 123.94%
Other Assets $146.2M $64.78M $63.40M
YoY Change 125.65% 14.72% 7.79%
Total Long-Term Assets $4.297B $4.327B $4.415B
YoY Change -0.71% -11.14% -12.77%
TOTAL ASSETS
Total Short-Term Assets $1.552B $1.620B $1.368B
Total Long-Term Assets $4.297B $4.327B $4.415B
Total Assets $5.849B $5.947B $5.782B
YoY Change -1.66% -8.2% -11.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $213.9M $229.0M $219.1M
YoY Change -6.58% 7.64% 1.34%
Accrued Expenses $172.3M $181.5M $133.6M
YoY Change -5.05% -1.46% -21.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.233M
YoY Change
Total Short-Term Liabilities $449.6M $462.4M $403.4M
YoY Change -2.76% 9.31% -3.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.016B $735.1M $558.3M
YoY Change 38.23% -25.7% -43.56%
Other Long-Term Liabilities $117.4M $95.51M $105.4M
YoY Change 22.9% 10.24% 22.44%
Total Long-Term Liabilities $117.4M $95.51M $105.4M
YoY Change 22.9% 10.24% 22.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $449.6M $462.4M $403.4M
Total Long-Term Liabilities $117.4M $95.51M $105.4M
Total Liabilities $1.583B $1.315B $1.104B
YoY Change 20.39% -16.43% -32.07%
SHAREHOLDERS EQUITY
Retained Earnings -$198.5M -$452.2M -$484.3M
YoY Change -56.1% 9.44% 6.11%
Common Stock $5.089B $5.167B
YoY Change -4.37% -3.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.265B $4.632B $4.678B
YoY Change
Total Liabilities & Shareholders Equity $5.849B $5.947B $5.782B
YoY Change -1.66% -8.2% -11.35%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $83.04M $32.08M -$29.99M
YoY Change 158.81% -10.68% -153.65%
Depreciation, Depletion And Amortization $111.1M $180.1M $43.45M
YoY Change -38.31% 320.53% -76.56%
Cash From Operating Activities $173.4M $214.5M $75.26M
YoY Change -19.16% 106.97% -69.54%
INVESTING ACTIVITIES
Capital Expenditures -$38.00M -$70.10M $43.56M
YoY Change -45.79% -156.34% -126.29%
Acquisitions $0.00
YoY Change
Other Investing Activities -$7.200M $47.30M $8.667M
YoY Change -115.22% -772.26% -677.8%
Cash From Investing Activities -$45.20M -$22.80M -$110.0M
YoY Change 98.25% -80.58% -34.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M
YoY Change
Debt Paid & Issued, Net $458.2M
YoY Change
Cash From Financing Activities -170.2M 32.30M -$555.3M
YoY Change -626.93% -263.11% 1720.67%
NET CHANGE
Cash From Operating Activities 173.4M 214.5M $75.26M
Cash From Investing Activities -45.20M -22.80M -$110.0M
Cash From Financing Activities -170.2M 32.30M -$555.3M
Net Change In Cash -42.00M 224.0M -$592.0M
YoY Change -118.75% -782.74% -1298.42%
FREE CASH FLOW
Cash From Operating Activities $173.4M $214.5M $75.26M
Capital Expenditures -$38.00M -$70.10M $43.56M
Free Cash Flow $211.4M $284.6M $31.70M
YoY Change -25.72% -1468.8% -92.32%

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us-gaap Net Cash Provided By Used In Investing Activities
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