2018 Q4 Form 10-Q Financial Statement

#000102447819000009 Filed on January 31, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $1.642B $1.587B
YoY Change 3.51% 6.46%
Cost Of Revenue $903.6M $886.4M
YoY Change 1.94% 4.53%
Gross Profit $738.7M $700.2M
YoY Change 5.5% 9.01%
Gross Profit Margin 44.98% 44.13%
Selling, General & Admin $386.7M $386.6M
YoY Change 0.03% 4.49%
% of Gross Profit 52.35% 55.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.30M $32.50M
YoY Change -9.85% 0.0%
% of Gross Profit 3.97% 4.64%
Operating Expenses $386.7M $386.6M
YoY Change 0.03% 4.49%
Operating Profit $352.0M $313.6M
YoY Change 12.24% 15.17%
Interest Expense $20.70M $20.00M
YoY Change 3.5% 6.95%
% of Operating Profit 5.88% 6.38%
Other Income/Expense, Net
YoY Change
Pretax Income $120.8M $297.8M
YoY Change -59.44% 15.61%
Income Tax $40.50M $534.2M
% Of Pretax Income 33.53% 179.38%
Net Earnings $80.30M -$236.4M
YoY Change -133.97% -210.11%
Net Earnings / Revenue 4.89% -14.9%
Basic Earnings Per Share $0.67 -$1.84
Diluted Earnings Per Share $0.66 -$1.84
COMMON SHARES
Basic Shares Outstanding 120.3M shares 128.2M shares
Diluted Shares Outstanding 121.5M shares 128.2M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $753.5M $2.648B
YoY Change -71.54% 6.65%
Cash & Equivalents $632.3M $1.547B
Short-Term Investments $121.2M $1.101B
Other Short-Term Assets $167.0M $165.7M
YoY Change 0.78% -61.14%
Inventory $627.2M $570.8M
Prepaid Expenses
Receivables $1.189B $1.150B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.738B $4.534B
YoY Change -39.61% 1.04%
LONG-TERM ASSETS
Property, Plant & Equipment $559.7M $565.8M
YoY Change -1.08% 0.57%
Goodwill $1.064B $1.082B
YoY Change -1.68% 2.86%
Intangibles $208.2M $234.0M
YoY Change -11.03% -4.96%
Long-Term Investments $1.060B
YoY Change
Other Assets $107.6M $407.9M
YoY Change -73.62% 216.69%
Total Long-Term Assets $3.198B $2.625B
YoY Change 21.82% 0.68%
TOTAL ASSETS
Total Short-Term Assets $2.738B $4.534B
Total Long-Term Assets $3.198B $2.625B
Total Assets $5.935B $7.159B
YoY Change -17.09% 0.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $648.2M $582.2M
YoY Change 11.34% 14.88%
Accrued Expenses $285.0M $294.0M
YoY Change -3.06% 16.21%
Deferred Revenue
YoY Change
Short-Term Debt $631.3M $840.0M
YoY Change -24.85% 105.58%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.266B $2.287B
YoY Change -0.92% 3.75%
LONG-TERM LIABILITIES
Long-Term Debt $1.235B $1.239B
YoY Change -0.31% -0.13%
Other Long-Term Liabilities $567.1M $596.0M
YoY Change -4.85% 204.86%
Total Long-Term Liabilities $1.803B $1.835B
YoY Change -1.79% 27.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.266B $2.287B
Total Long-Term Liabilities $1.803B $1.835B
Total Liabilities $4.068B $4.122B
YoY Change -1.31% 13.23%
SHAREHOLDERS EQUITY
Retained Earnings $6.204B $5.760B
YoY Change 7.72% -0.45%
Common Stock $1.856B $1.824B
YoY Change 1.73% 2.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.772B $4.252B
YoY Change 35.75% 8.15%
Treasury Stock Shares 61.80M shares 53.60M shares
Shareholders Equity $1.274B $2.156B
YoY Change
Total Liabilities & Shareholders Equity $5.935B $7.159B
YoY Change -17.09% 0.91%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $80.30M -$236.4M
YoY Change -133.97% -210.11%
Depreciation, Depletion And Amortization $29.30M $32.50M
YoY Change -9.85% 0.0%
Cash From Operating Activities $212.0M $212.7M
YoY Change -0.33% -31.56%
INVESTING ACTIVITIES
Capital Expenditures $42.00M $34.10M
YoY Change 23.17% -13.45%
Acquisitions $0.00 $9.900M
YoY Change -100.0% 800.0%
Other Investing Activities $182.9M $1.100M
YoY Change 16527.27% -38.89%
Cash From Investing Activities $140.9M -$33.00M
YoY Change -526.97% -12.23%
FINANCING ACTIVITIES
Cash Dividend Paid $116.9M $107.3M
YoY Change 8.95% 10.05%
Common Stock Issuance & Retirement, Net $295.1M $190.8M
YoY Change 54.66% 132.68%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$327.7M -$26.60M
YoY Change 1131.95% -82.49%
NET CHANGE
Cash From Operating Activities $212.0M $212.7M
Cash From Investing Activities $140.9M -$33.00M
Cash From Financing Activities -$327.7M -$26.60M
Net Change In Cash $13.50M $153.1M
YoY Change -91.18% 26.22%
FREE CASH FLOW
Cash From Operating Activities $212.0M $212.7M
Capital Expenditures $42.00M $34.10M
Free Cash Flow $170.0M $178.6M
YoY Change -4.82% -34.19%

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