2020 Q2 Form 10-Q Financial Statement

#000156459020035858 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4 2019 Q2
Revenue $1.029B $1.304B $1.242B
YoY Change -17.15% 3.0% 3.85%
Cost Of Revenue $789.0M $930.0M $946.0M
YoY Change -16.6% 6.04% 11.29%
Gross Profit $236.0M $313.0M $323.0M
YoY Change -26.93% -5.15% -6.65%
Gross Profit Margin 22.93% 24.0% 26.01%
Selling, General & Admin $235.0M $319.0M $254.0M
YoY Change -7.48% 12.32% 17.05%
% of Gross Profit 99.58% 101.92% 78.64%
Research & Development $19.00M
YoY Change
% of Gross Profit 8.05%
Depreciation & Amortization $21.00M $25.00M $20.00M
YoY Change 5.0% 47.06% 25.0%
% of Gross Profit 8.9% 7.99% 6.19%
Operating Expenses $19.00M $319.0M $254.0M
YoY Change -92.52% -939.47% 17.05%
Operating Profit -$6.000M -$6.000M $42.00M
YoY Change -114.29% -101.63% -67.44%
Interest Expense $18.00M -$18.00M $18.00M
YoY Change 0.0% -10.0% -1900.0%
% of Operating Profit 42.86%
Other Income/Expense, Net $4.000M -$64.00M $0.00
YoY Change -82.66% -100.0%
Pretax Income -$53.00M -$10.00M -$11.00M
YoY Change 381.82% -126.32% -320.0%
Income Tax $23.00M -$1.000M $0.00
% Of Pretax Income
Net Earnings -$76.00M -$9.000M -$11.00M
YoY Change 590.91% -156.25% -133.33%
Net Earnings / Revenue -7.39% -0.69% -0.89%
Basic Earnings Per Share -$0.62 -$0.07 -$0.09
Diluted Earnings Per Share -$0.62 -$0.07 -$0.09
COMMON SHARES
Basic Shares Outstanding 123.2M 122.8M 122.7M
Diluted Shares Outstanding 123.2M 122.7M

Balance Sheet

Concept 2020 Q2 2019 Q4 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $362.0M $122.0M $142.0M
YoY Change 154.93% -53.96% 52.69%
Cash & Equivalents $362.0M $122.0M $142.0M
Short-Term Investments
Other Short-Term Assets $163.0M $175.0M $147.0M
YoY Change 10.88% 84.21% 98.65%
Inventory $614.0M $671.0M $722.0M
Prepaid Expenses
Receivables $704.0M $817.0M $835.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.843B $1.785B $1.846B
YoY Change -0.16% -1.33% 26.79%
LONG-TERM ASSETS
Property, Plant & Equipment $311.0M $316.0M $304.0M
YoY Change 2.3% 5.33% 15.15%
Goodwill $2.638B $2.642B $2.650B
YoY Change -0.45% 0.3%
Intangibles $127.0M $127.0M
YoY Change -4.51%
Long-Term Investments
YoY Change
Other Assets $245.0M $385.0M $233.0M
YoY Change 5.15% 301.04% 1009.52%
Total Long-Term Assets $3.323B $3.343B $3.314B
YoY Change 0.27% 5.69% 8.62%
TOTAL ASSETS
Total Short-Term Assets $1.843B $1.785B $1.846B
Total Long-Term Assets $3.323B $3.343B $3.314B
Total Assets $5.166B $5.128B $5.160B
YoY Change 0.12% 3.14% 14.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $811.0M $920.0M $1.009B
YoY Change -19.62% -4.56% 30.36%
Accrued Expenses $564.0M $552.0M $528.0M
YoY Change 6.82% 9.74% 33.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $287.0M $22.00M $22.00M
YoY Change 1204.55% 0.0%
Total Short-Term Liabilities $1.662B $1.494B $1.559B
YoY Change 6.61% 0.34% 26.44%
LONG-TERM LIABILITIES
Long-Term Debt $1.140B $1.158B $1.169B
YoY Change -2.48% -1.78%
Other Long-Term Liabilities $998.0M $280.0M $258.0M
YoY Change 286.82% 97.18% -41.76%
Total Long-Term Liabilities $1.140B $1.438B $1.427B
YoY Change -20.11% 8.86% 222.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.662B $1.494B $1.559B
Total Long-Term Liabilities $1.140B $1.438B $1.427B
Total Liabilities $3.671B $2.932B $2.986B
YoY Change 22.94% 4.34% 47.31%
SHAREHOLDERS EQUITY
Retained Earnings -$59.00M $38.00M $39.00M
YoY Change -251.28% 1800.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.000M $3.000M $2.000M
YoY Change 150.0%
Treasury Stock Shares
Shareholders Equity $1.495B $1.602B $1.593B
YoY Change
Total Liabilities & Shareholders Equity $5.166B $5.128B $5.160B
YoY Change 0.12% 3.14% 14.49%

Cashflow Statement

Concept 2020 Q2 2019 Q4 2019 Q2
OPERATING ACTIVITIES
Net Income -$76.00M -$9.000M -$11.00M
YoY Change 590.91% -156.25% -133.33%
Depreciation, Depletion And Amortization $21.00M $25.00M $20.00M
YoY Change 5.0% 47.06% 25.0%
Cash From Operating Activities $145.0M $93.00M -$27.00M
YoY Change -637.04% 6.9% -120.45%
INVESTING ACTIVITIES
Capital Expenditures -$15.00M -$29.00M -$23.00M
YoY Change -34.78% 2800.0% 228.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$11.00M
YoY Change -100.0% -100.0% 1000.0%
Cash From Investing Activities -$15.00M -$29.00M -$34.00M
YoY Change -55.88% 61.11% 325.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -108.0M -75.00M -8.000M
YoY Change 1250.0% -494.74% -92.16%
NET CHANGE
Cash From Operating Activities 145.0M 93.00M -27.00M
Cash From Investing Activities -15.00M -29.00M -34.00M
Cash From Financing Activities -108.0M -75.00M -8.000M
Net Change In Cash 22.00M -11.00M -69.00M
YoY Change -131.88% -112.5% -413.64%
FREE CASH FLOW
Cash From Operating Activities $145.0M $93.00M -$27.00M
Capital Expenditures -$15.00M -$29.00M -$23.00M
Free Cash Flow $160.0M $122.0M -$4.000M
YoY Change -4100.0% 38.64% -102.88%

Facts In Submission

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