2021 Q1 Form 10-Q Financial Statement

#000088283521000018 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.376B $1.183B
YoY Change 16.36% -8.13%
Cost Of Revenue $440.1M $493.9M
YoY Change -10.89% 3.63%
Gross Profit $936.0M $787.5M
YoY Change 18.86% -2.85%
Gross Profit Margin 68.02% 66.59%
Selling, General & Admin $561.4M $507.6M
YoY Change 10.6% 9.35%
% of Gross Profit 59.98% 64.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.10M $12.80M
YoY Change 2.34% 9.4%
% of Gross Profit 1.4% 1.63%
Operating Expenses $561.4M $507.6M
YoY Change 10.6% 9.35%
Operating Profit $374.6M $308.4M
YoY Change 21.47% -10.97%
Interest Expense $60.60M $45.40M
YoY Change 33.48% 3.89%
% of Operating Profit 16.18% 14.72%
Other Income/Expense, Net $27.10M $800.0K
YoY Change 3287.5% -125.81%
Pretax Income $341.1M $304.6M
YoY Change 11.98% -27.34%
Income Tax $71.20M $64.30M
% Of Pretax Income 20.87% 21.11%
Net Earnings $289.0M $240.3M
YoY Change 20.27% -34.98%
Net Earnings / Revenue 21.0% 20.32%
Basic Earnings Per Share $2.75 $2.30
Diluted Earnings Per Share $2.73 $2.28
COMMON SHARES
Basic Shares Outstanding 105.0M shares 104.3M shares
Diluted Shares Outstanding 106.0M shares 105.3M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $331.0M $1.000B
YoY Change -66.9% 154.45%
Cash & Equivalents $331.0M $999.8M
Short-Term Investments
Other Short-Term Assets $129.2M $110.8M
YoY Change 16.61% 21.09%
Inventory $206.0M $206.2M
Prepaid Expenses
Receivables $792.0M $712.2M
Other Receivables $13.00M $19.00M
Total Short-Term Assets $1.739B $2.273B
YoY Change -23.49% 43.34%
LONG-TERM ASSETS
Property, Plant & Equipment $134.6M $133.4M
YoY Change 0.9% 0.91%
Goodwill $14.41B $10.73B
YoY Change 34.22% 14.6%
Intangibles $7.067B $4.523B
YoY Change 56.24% 20.08%
Long-Term Investments
YoY Change
Other Assets $422.7M $380.5M
YoY Change 11.09% 1.36%
Total Long-Term Assets $22.13B $15.86B
YoY Change 39.51% 14.73%
TOTAL ASSETS
Total Short-Term Assets $1.739B $2.273B
Total Long-Term Assets $22.13B $15.86B
Total Assets $23.87B $18.14B
YoY Change 31.61% 17.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $191.0M $181.0M
YoY Change 5.52% 4.62%
Accrued Expenses $683.0M $487.0M
YoY Change 40.25% 5.41%
Deferred Revenue $1.023B $827.5M
YoY Change 23.67% 19.74%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $502.1M $602.4M
YoY Change -16.65% 35335.29%
Total Short-Term Liabilities $2.463B $2.366B
YoY Change 4.09% 63.78%
LONG-TERM LIABILITIES
Long-Term Debt $8.572B $4.674B
YoY Change 83.39% 4.17%
Other Long-Term Liabilities $499.1M $425.1M
YoY Change 17.41% 2.04%
Total Long-Term Liabilities $9.071B $5.099B
YoY Change 77.89% 3.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.463B $2.366B
Total Long-Term Liabilities $9.071B $5.099B
Total Liabilities $13.11B $8.547B
YoY Change 53.34% 17.45%
SHAREHOLDERS EQUITY
Retained Earnings $8.776B $8.003B
YoY Change 9.66% 21.82%
Common Stock $1.100M $1.100M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.90M $18.20M
YoY Change -1.65% -1.09%
Treasury Stock Shares
Shareholders Equity $10.77B $9.591B
YoY Change
Total Liabilities & Shareholders Equity $23.87B $18.14B
YoY Change 31.61% 17.67%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $289.0M $240.3M
YoY Change 20.27% -34.98%
Depreciation, Depletion And Amortization $13.10M $12.80M
YoY Change 2.34% 9.4%
Cash From Operating Activities $559.6M $363.9M
YoY Change 53.78% 25.35%
INVESTING ACTIVITIES
Capital Expenditures -$16.30M -$10.50M
YoY Change 55.24% -41.01%
Acquisitions $0.00 $2.800M
YoY Change -100.0% -12.5%
Other Investing Activities $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities $10.70M -$17.00M
YoY Change -162.94% -108.62%
FINANCING ACTIVITIES
Cash Dividend Paid $58.80M $53.10M
YoY Change 10.73% 11.32%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$545.2M -$38.70M
YoY Change 1308.79% -91.66%
NET CHANGE
Cash From Operating Activities $559.6M $363.9M
Cash From Investing Activities $10.70M -$17.00M
Cash From Financing Activities -$545.2M -$38.70M
Net Change In Cash $22.70M $290.1M
YoY Change -92.18% 932.38%
FREE CASH FLOW
Cash From Operating Activities $559.6M $363.9M
Capital Expenditures -$16.30M -$10.50M
Free Cash Flow $575.9M $374.4M
YoY Change 53.82% 21.52%

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CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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CY2020Q4 us-gaap Inventory Finished Goods
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41700000 USD
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40400000 USD
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CY2020Q4 us-gaap Goodwill
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CY2021Q1 us-gaap Goodwill Acquired During Period
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CY2021Q1 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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13400000 USD
CY2021Q1 us-gaap Goodwill
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CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q1 us-gaap Loss Contingency Disclosures
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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393600000 USD
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1528600000 USD
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q1 us-gaap Unbilled Contracts Receivable
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26300000 USD
CY2021Q1 rop Contract With Customer Liability Deferred Revenue Billings In Excess Of Revenues And Customer Deposits Current
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24900000 USD
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CY2021Q1 rop Contract With Customer Liability Noncurrent Increase Decrease
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33300000 USD
CY2021Q1 rop Contract With Customer Net Asset Liability
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CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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459100000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
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323500000 USD

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