2018 Q1 Form 10-Q Financial Statement

#000161875618000015 Filed on April 24, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $1.254B $1.001B
YoY Change 25.27% 8.98%
Cost Of Revenue $429.0M $423.4M
YoY Change 1.32% 8.4%
Gross Profit $825.0M $577.6M
YoY Change 42.83% 9.41%
Gross Profit Margin 65.79% 57.7%
Selling, General & Admin $301.0M $121.9M
YoY Change 146.92% 66.53%
% of Gross Profit 36.48% 21.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.00M $43.40M
YoY Change 8.29% 3.09%
% of Gross Profit 5.7% 7.51%
Operating Expenses $301.0M $121.9M
YoY Change 146.92% 66.53%
Operating Profit $421.0M $336.0M
YoY Change 25.3% 1.63%
Interest Expense -$140.0M -$111.4M
YoY Change 25.67% -3.21%
% of Operating Profit -33.25% -33.15%
Other Income/Expense, Net
YoY Change
Pretax Income $281.0M $204.4M
YoY Change 37.48% -5.15%
Income Tax $2.000M $37.80M
% Of Pretax Income 0.71% 18.49%
Net Earnings $279.0M $167.0M
YoY Change 67.07% -0.77%
Net Earnings / Revenue 22.25% 16.68%
Basic Earnings Per Share $0.60 $0.21
Diluted Earnings Per Share $0.59 $0.21
COMMON SHARES
Basic Shares Outstanding 246.0M shares 234.7M shares
Diluted Shares Outstanding 474.0M shares 476.5M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $852.0M $924.0M
YoY Change -7.79% 11.86%
Cash & Equivalents $1.097B $952.6M
Short-Term Investments
Other Short-Term Assets $88.00M $208.0M
YoY Change -57.69% 150.6%
Inventory $78.00M $83.30M
Prepaid Expenses
Receivables $468.0M $362.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.727B $1.577B
YoY Change 9.5% 7.07%
LONG-TERM ASSETS
Property, Plant & Equipment $2.133B $2.140B
YoY Change -0.35% -1.35%
Goodwill $5.782B $5.787B
YoY Change -0.09% 20.63%
Intangibles $11.06B $10.29B
YoY Change 7.47% 7.9%
Long-Term Investments $67.00M $154.7M
YoY Change -56.69% -3.07%
Other Assets $533.0M $279.0M
YoY Change 91.04% -67.76%
Total Long-Term Assets $19.58B $19.25B
YoY Change 1.74% 10.08%
TOTAL ASSETS
Total Short-Term Assets $1.727B $1.577B
Total Long-Term Assets $19.58B $19.25B
Total Assets $21.31B $20.82B
YoY Change 2.33% 9.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $496.0M $391.4M
YoY Change 26.72% 8.33%
Accrued Expenses $374.0M $265.0M
YoY Change 41.13% -7.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $56.60M $90.70M
YoY Change -37.6% 130.79%
Total Short-Term Liabilities $1.621B $1.275B
YoY Change 27.15% 14.89%
LONG-TERM LIABILITIES
Long-Term Debt $11.80B $9.532B
YoY Change 23.81% 12.59%
Other Long-Term Liabilities $1.881B $806.0M
YoY Change 133.37% -12.25%
Total Long-Term Liabilities $13.68B $10.34B
YoY Change 32.35% 10.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.621B $1.275B
Total Long-Term Liabilities $13.68B $10.34B
Total Liabilities $17.00B $13.93B
YoY Change 22.03% 13.05%
SHAREHOLDERS EQUITY
Retained Earnings $519.0M $453.3M
YoY Change 14.49% 72.16%
Common Stock $2.052B $1.987B
YoY Change 3.27% 4.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.095B $1.774B
YoY Change
Total Liabilities & Shareholders Equity $21.31B $20.82B
YoY Change 2.33% 9.84%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $279.0M $167.0M
YoY Change 67.07% -0.77%
Depreciation, Depletion And Amortization $47.00M $43.40M
YoY Change 8.29% 3.09%
Cash From Operating Activities -$111.0M $288.9M
YoY Change -138.42% 57.61%
INVESTING ACTIVITIES
Capital Expenditures $7.000M $4.100M
YoY Change 70.73% -26.79%
Acquisitions $0.00 $1.636B
YoY Change -100.0%
Other Investing Activities -$4.000M $800.0K
YoY Change -600.0% -136.36%
Cash From Investing Activities $2.000M -$1.625B
YoY Change -100.12% -23992.65%
FINANCING ACTIVITIES
Cash Dividend Paid $97.00M $145.9M
YoY Change -33.52% 13.72%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $21.70M $319.9M
YoY Change -93.22% 1759.88%
Cash From Financing Activities -$128.0M $809.3M
YoY Change -115.82% -695.51%
NET CHANGE
Cash From Operating Activities -$111.0M $288.9M
Cash From Investing Activities $2.000M -$1.625B
Cash From Financing Activities -$128.0M $809.3M
Net Change In Cash -$237.0M -$526.5M
YoY Change -54.99% -1071.4%
FREE CASH FLOW
Cash From Operating Activities -$111.0M $288.9M
Capital Expenditures $7.000M $4.100M
Free Cash Flow -$118.0M $284.8M
YoY Change -141.43% 60.27%

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