2018 Q2 Form 10-Q Financial Statement
#000105082518000118 Filed on June 22, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
Revenue | $754.0M | $735.1M |
YoY Change | 2.57% | 2.27% |
Cost Of Revenue | $516.1M | $490.0M |
YoY Change | 5.33% | 1.07% |
Gross Profit | $237.9M | $245.1M |
YoY Change | -2.94% | 6.66% |
Gross Profit Margin | 31.55% | 33.34% |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $17.50M | $15.40M |
YoY Change | 13.64% | 1.99% |
% of Gross Profit | 7.36% | 6.28% |
Operating Expenses | $214.6M | $210.0M |
YoY Change | 2.19% | 7.09% |
Operating Profit | $23.30M | $35.10M |
YoY Change | -33.62% | 5.41% |
Interest Expense | $4.400M | $4.300M |
YoY Change | 2.33% | 2.38% |
% of Operating Profit | 18.88% | 12.25% |
Other Income/Expense, Net | $2.200M | -$2.800M |
YoY Change | -178.57% | -233.33% |
Pretax Income | $23.20M | $28.40M |
YoY Change | -18.31% | -10.41% |
Income Tax | $6.200M | $10.30M |
% Of Pretax Income | 26.72% | 36.27% |
Net Earnings | $17.00M | $18.10M |
YoY Change | -6.08% | -6.7% |
Net Earnings / Revenue | 2.25% | 2.46% |
Basic Earnings Per Share | $0.14 | $0.15 |
Diluted Earnings Per Share | $0.14 | $0.15 |
COMMON SHARES | ||
Basic Shares Outstanding | 116.6M shares | 117.9M shares |
Diluted Shares Outstanding | 116.6M shares | 118.2M shares |
Balance Sheet
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $134.9M | $181.2M |
YoY Change | -25.55% | 19.37% |
Cash & Equivalents | $134.9M | $143.9M |
Short-Term Investments | $37.30M | |
Other Short-Term Assets | $51.40M | $44.30M |
YoY Change | 16.03% | -31.32% |
Inventory | $202.9M | $174.6M |
Prepaid Expenses | $21.70M | $22.70M |
Receivables | $336.8M | $328.1M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $761.1M | $750.9M |
YoY Change | 1.36% | 4.31% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $431.4M | $417.2M |
YoY Change | 3.4% | 1.11% |
Goodwill | $138.4M | $106.6M |
YoY Change | 29.83% | -0.19% |
Intangibles | $44.60M | $16.50M |
YoY Change | 170.3% | 22.22% |
Long-Term Investments | $49.60M | $49.80M |
YoY Change | -0.4% | -4.23% |
Other Assets | $31.50M | $41.90M |
YoY Change | -24.82% | 52.92% |
Total Long-Term Assets | $994.1M | $982.1M |
YoY Change | 1.22% | 2.73% |
TOTAL ASSETS | ||
Total Short-Term Assets | $761.1M | $750.9M |
Total Long-Term Assets | $994.1M | $982.1M |
Total Assets | $1.755B | $1.733B |
YoY Change | 1.28% | 3.41% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $242.1M | $225.9M |
YoY Change | 7.17% | 10.14% |
Accrued Expenses | $120.0M | $112.6M |
YoY Change | 6.57% | 21.47% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $2.800M | $2.800M |
YoY Change | 0.0% | -3.45% |
Total Short-Term Liabilities | $473.1M | $451.0M |
YoY Change | 4.9% | 3.56% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $291.5M | $294.0M |
YoY Change | -0.85% | -0.78% |
Other Long-Term Liabilities | $60.50M | $66.40M |
YoY Change | -8.89% | -5.55% |
Total Long-Term Liabilities | $473.0M | $492.6M |
YoY Change | -3.98% | -2.63% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $473.1M | $451.0M |
Total Long-Term Liabilities | $473.0M | $492.6M |
Total Liabilities | $946.1M | $943.6M |
YoY Change | 0.26% | 0.23% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $819.7M | $819.7M |
YoY Change | 0.0% | 6.22% |
Common Stock | $0.00 | $0.00 |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $809.1M | $789.4M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.755B | $1.733B |
YoY Change | 1.28% | 3.41% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $17.00M | $18.10M |
YoY Change | -6.08% | -6.7% |
Depreciation, Depletion And Amortization | $17.50M | $15.40M |
YoY Change | 13.64% | 1.99% |
Cash From Operating Activities | -$117.7M | -$50.50M |
YoY Change | 133.07% | -23.14% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $15.80M | $16.80M |
YoY Change | -5.95% | 17.48% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$7.900M | $600.0K |
YoY Change | -1416.67% | -142.86% |
Cash From Investing Activities | -$7.900M | $18.70M |
YoY Change | -142.25% | -64.65% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $16.30M | $15.70M |
YoY Change | 3.82% | 3.29% |
Common Stock Issuance & Retirement, Net | $3.400M | $5.800M |
YoY Change | -41.38% | -72.25% |
Debt Paid & Issued, Net | $700.0K | $700.0K |
YoY Change | 0.0% | |
Cash From Financing Activities | -$20.40M | -$22.20M |
YoY Change | -8.11% | -39.01% |
NET CHANGE | ||
Cash From Operating Activities | -$117.7M | -$50.50M |
Cash From Investing Activities | -$7.900M | $18.70M |
Cash From Financing Activities | -$20.40M | -$22.20M |
Net Change In Cash | -$146.0M | -$54.00M |
YoY Change | 170.37% | 9.76% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$117.7M | -$50.50M |
Capital Expenditures | $15.80M | $16.80M |
Free Cash Flow | -$133.5M | -$67.30M |
YoY Change | 98.37% | -15.88% |
Facts In Submission
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|
105100000 | USD |
CY2018Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
48400000 | USD |
CY2018Q2 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
49600000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
1045900000 | USD |
CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
946100000 | USD |
CY2018Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
491200000 | USD |
CY2018Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
473000000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1859200000 | USD |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1755200000 | USD |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
554700000 | USD |
CY2018Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
3400000 | USD |
CY2017Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
15700000 | USD |
CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
473100000 | USD |
CY2018Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
1400000 | USD |
CY2018Q2 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
600000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
292200000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
291500000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-22200000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-20400000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
18700000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7900000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50500000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-117700000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
18100000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
17000000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
17800000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
16700000 | USD |
CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
210000000 | USD |
CY2018Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
214600000 | USD |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
35100000 | USD |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
23300000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
53300000 | USD |
CY2018Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
51400000 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
30400000 | USD |
CY2018Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
31500000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-11700000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
11500000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-12200000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
14300000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-12900000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-2800000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
800000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
100000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
72800000 | USD |
CY2018Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
71400000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
68200000 | USD |
CY2018Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
60500000 | USD |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2800000 | USD |
CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3300000 | USD |
CY2017Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
600000 | USD |
CY2018Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-7900000 | USD |
CY2017Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5800000 | USD |
CY2018Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
21700000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
4200000 | USD |
CY2018Q2 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
1700000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
55500000 | USD |
CY2018Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
16300000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
16800000 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15800000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
19400000 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | USD |
CY2018Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
39200000 | USD |
CY2018Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
21200000 | USD |
CY2018Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
130800000 | USD |
CY2018Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
121000000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
19200000 | USD |
CY2018Q2 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
0 | USD |
CY2018Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
18100000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
17000000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
435100000 | USD |
CY2018Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
431400000 | USD |
CY2018Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
1200000 | USD |
CY2017Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
700000 | USD |
CY2018Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
700000 | USD |
CY2017Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
2500000 | USD |
CY2017Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
2500000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
2500000 | USD |
CY2018Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
3400000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
2500000 | USD |
CY2018Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3400000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
819000000 | USD |
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
819700000 | USD |
CY2017Q2 | us-gaap |
Revenues
Revenues
|
735100000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
754000000 | USD |
CY2017Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
735100000 | USD |
CY2018Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
754000000 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8400000 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9200000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
813300000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
809100000 | USD |
CY2017Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
300000 | USD |
CY2018Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
300000 | USD |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
118200000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
116600000 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
117900000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
116600000 | shares |