2018 Q3 Form 10-Q Financial Statement

#000105082518000150 Filed on September 21, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $875.8M $775.6M
YoY Change 12.92% 2.32%
Cost Of Revenue $587.2M $518.3M
YoY Change 13.29% 4.73%
Gross Profit $288.6M $257.3M
YoY Change 12.16% -2.2%
Gross Profit Margin 32.95% 33.17%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.20M $15.80M
YoY Change 34.18% 10.49%
% of Gross Profit 7.35% 6.14%
Operating Expenses $220.7M $205.1M
YoY Change 7.61% 2.09%
Operating Profit $67.90M $52.20M
YoY Change 30.08% -15.67%
Interest Expense $4.900M $4.400M
YoY Change 11.36% 0.0%
% of Operating Profit 7.22% 8.43%
Other Income/Expense, Net $0.00 $2.500M
YoY Change -100.0% 38.89%
Pretax Income $67.20M $50.70M
YoY Change 32.54% -14.93%
Income Tax $18.10M $13.80M
% Of Pretax Income 26.93% 27.22%
Net Earnings $49.10M $36.90M
YoY Change 33.06% -3.4%
Net Earnings / Revenue 5.61% 4.76%
Basic Earnings Per Share $0.41 $0.31
Diluted Earnings Per Share $0.41 $0.31
COMMON SHARES
Basic Shares Outstanding 116.7M shares 117.3M shares
Diluted Shares Outstanding 116.7M shares 117.5M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.70M $204.1M
YoY Change -77.61% 3.03%
Cash & Equivalents $45.70M $139.3M
Short-Term Investments $64.80M
Other Short-Term Assets $47.40M $48.50M
YoY Change -2.27% -9.01%
Inventory $232.3M $173.5M
Prepaid Expenses $22.00M $26.20M
Receivables $409.7M $340.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $769.7M $793.2M
YoY Change -2.96% 1.77%
LONG-TERM ASSETS
Property, Plant & Equipment $437.8M $429.2M
YoY Change 2.0% 9.04%
Goodwill $217.6M $107.1M
YoY Change 103.17% 0.19%
Intangibles $84.40M $16.40M
YoY Change 414.63% 22.39%
Long-Term Investments $52.50M $50.10M
YoY Change 4.79% -1.38%
Other Assets $35.40M $21.20M
YoY Change 66.98% -25.09%
Total Long-Term Assets $1.115B $981.9M
YoY Change 13.57% 2.9%
TOTAL ASSETS
Total Short-Term Assets $769.7M $793.2M
Total Long-Term Assets $1.115B $981.9M
Total Assets $1.885B $1.775B
YoY Change 6.18% 2.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $269.3M $223.7M
YoY Change 20.38% 1.31%
Accrued Expenses $171.5M $152.1M
YoY Change 12.75% 17.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.00M $2.800M
YoY Change 364.29% 0.0%
Total Short-Term Liabilities $573.6M $485.3M
YoY Change 18.19% 1.59%
LONG-TERM LIABILITIES
Long-Term Debt $290.9M $293.3M
YoY Change -0.82% -0.81%
Other Long-Term Liabilities $58.40M $67.30M
YoY Change -13.22% -4.13%
Total Long-Term Liabilities $472.4M $494.9M
YoY Change -4.55% -2.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $573.6M $485.3M
Total Long-Term Liabilities $472.4M $494.9M
Total Liabilities $1.046B $980.2M
YoY Change 6.71% -0.51%
SHAREHOLDERS EQUITY
Retained Earnings $852.8M $823.4M
YoY Change 3.57% 4.59%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $838.8M $794.9M
YoY Change
Total Liabilities & Shareholders Equity $1.885B $1.775B
YoY Change 6.18% 2.39%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $49.10M $36.90M
YoY Change 33.06% -3.4%
Depreciation, Depletion And Amortization $21.20M $15.80M
YoY Change 34.18% 10.49%
Cash From Operating Activities $79.40M $72.80M
YoY Change 9.07% -15.15%
INVESTING ACTIVITIES
Capital Expenditures -$25.70M -$19.80M
YoY Change 29.8% 58.4%
Acquisitions
YoY Change
Other Investing Activities -$134.8M -$17.10M
YoY Change 688.3% -40.63%
Cash From Investing Activities -$160.5M -$36.90M
YoY Change 334.96% -10.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.500M -43.10M
YoY Change -84.92% 61.42%
NET CHANGE
Cash From Operating Activities 79.40M 72.80M
Cash From Investing Activities -160.5M -36.90M
Cash From Financing Activities -6.500M -43.10M
Net Change In Cash -87.60M -7.200M
YoY Change 1116.67% -140.45%
FREE CASH FLOW
Cash From Operating Activities $79.40M $72.80M
Capital Expenditures -$25.70M -$19.80M
Free Cash Flow $105.1M $92.60M
YoY Change 13.5% -5.8%

Facts In Submission

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us-gaap Net Income Loss Available To Common Stockholders Basic
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54000000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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48100000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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64800000 USD
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205100000 USD
us-gaap Operating Expenses
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415100000 USD
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us-gaap Operating Expenses
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435300000 USD
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OperatingIncomeLoss
52200000 USD
us-gaap Operating Income Loss
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87300000 USD
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67900000 USD
us-gaap Operating Income Loss
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91200000 USD
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30400000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
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35400000 USD
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-6000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-17700000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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8800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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20300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6400000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18600000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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22100000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-7000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19900000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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1300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-1500000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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300000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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200000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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300000 USD
CY2018Q1 us-gaap Other Liabilities Current
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72800000 USD
CY2018Q3 us-gaap Other Liabilities Current
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81600000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
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68200000 USD
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58400000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
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2500000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3700000 USD
us-gaap Other Nonoperating Income Expense
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7000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7400000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1900000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
33100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3500000 USD
us-gaap Payments Of Dividends
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30900000 USD
us-gaap Payments Of Dividends
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32300000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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149500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41500000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
52100000 USD
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
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27400000 USD
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130800000 USD
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123100000 USD
CY2018Q1 us-gaap Prepaid Expense Current
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19200000 USD
CY2018Q3 us-gaap Prepaid Expense Current
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22000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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6100000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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7100000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
76900000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
60700000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2018Q1 us-gaap Product Warranty Accrual Classified Current
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18100000 USD
CY2018Q3 us-gaap Product Warranty Accrual Classified Current
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15500000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
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435100000 USD
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437800000 USD
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1000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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2200000 USD
us-gaap Repayments Of Lines Of Credit
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0 USD
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66700000 USD
us-gaap Repayments Of Long Term Debt
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1300000 USD
us-gaap Repayments Of Long Term Debt
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1300000 USD
CY2018Q3 us-gaap Sales Revenue Net
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875800000 USD
CY2018Q1 us-gaap Stockholders Equity
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813300000 USD
us-gaap Sales Revenue Net
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1629800000 USD
us-gaap Share Based Compensation
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11700000 USD
us-gaap Share Based Compensation
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12900000 USD
CY2018Q3 us-gaap Stockholders Equity
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838800000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
700000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1000000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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1300000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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117500000 shares
CY2017Q1 us-gaap Restricted Cash
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2500000 USD
CY2017Q3 us-gaap Restricted Cash
RestrictedCash
2500000 USD
CY2018Q1 us-gaap Restricted Cash
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2500000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
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2500000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
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3500000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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819000000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
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852800000 USD
CY2017Q3 us-gaap Revenues
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775600000 USD
us-gaap Revenues
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1510700000 USD
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875800000 USD
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1629800000 USD
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117800000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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116700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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116700000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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117300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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117600000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116700000 shares

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