2018 Form 10-K Financial Statement

#000163883319000006 Filed on March 15, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $1.772B $460.3M $132.3M
YoY Change 32.08% 50.44% -53.21%
Cost Of Revenue $1.361B $338.7M $102.9M
YoY Change 43.4% 58.09% -48.89%
Gross Profit $410.1M $121.6M $29.33M
YoY Change 4.67% 32.57% -63.91%
Gross Profit Margin 23.15% 26.42% 22.18%
Selling, General & Admin $180.2M $51.20M $45.00M
YoY Change 6.56% 28.64% 22.62%
% of Gross Profit 43.94% 42.09% 153.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.40M $18.40M $3.330M
YoY Change 29.87% 73.58% -65.72%
% of Gross Profit 16.44% 15.13% 11.35%
Operating Expenses $1.694B $69.70M $120.3M
YoY Change 667.07% 38.29% -49.83%
Operating Profit $77.80M $51.94M $11.93M
YoY Change -54.5% 25.6% -72.17%
Interest Expense -$147.0M -$30.30M -$15.88M
YoY Change 32.19% 26.78% -40.01%
% of Operating Profit -188.95% -58.33% -133.18%
Other Income/Expense, Net $3.800M $25.50M $17.40M
YoY Change -91.14% 3542.86% -524.39%
Pretax Income -$69.20M $72.80M -$2.859M
YoY Change -184.08% 70.49% -122.62%
Income Tax $26.40M $7.900M -$211.0K
% Of Pretax Income 10.85%
Net Earnings -$205.7M -$32.18M -$9.140M
YoY Change 288.11% -290.82% 290.93%
Net Earnings / Revenue -11.61% -6.99% -6.91%
Basic Earnings Per Share -$4.96 -$0.83 -$0.57
Diluted Earnings Per Share -$4.96 -$0.83 -$0.57
COMMON SHARES
Basic Shares Outstanding 48.03M shares 48.77M shares 48.31M shares
Diluted Shares Outstanding 48.03M shares 48.31M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $184.3M $174.9M $199.7M
YoY Change 5.37% 150.93% 261.78%
Cash & Equivalents $184.3M $174.9M $214.2M
Short-Term Investments
Other Short-Term Assets $53.00M $38.50M $15.48M
YoY Change 28.95% 239.58% 49.04%
Inventory $43.40M $44.95M $44.52M
Prepaid Expenses $16.84M $18.42M
Receivables $307.6M $288.0M $271.1M
Other Receivables $0.00 $14.20M $19.90M
Total Short-Term Assets $588.3M $563.2M $573.7M
YoY Change 4.46% 55.61% 74.51%
LONG-TERM ASSETS
Property, Plant & Equipment $426.3M $398.5M $388.7M
YoY Change 6.98% 95.06% 94.74%
Goodwill $3.347B $3.269B
YoY Change 115.2% 113.48%
Intangibles $58.91M $56.75M
YoY Change 22.67% 16.59%
Long-Term Investments $78.80M $77.70M $67.50M
YoY Change 1.42% 96.71% 71.32%
Other Assets $145.7M $48.67M $19.13M
YoY Change -16.89% 196.11% 38.34%
Total Long-Term Assets $4.088B $4.060B $4.028B
YoY Change 0.7% 108.93% 109.8%
TOTAL ASSETS
Total Short-Term Assets $588.3M $563.2M $573.7M
Total Long-Term Assets $4.088B $4.060B $4.028B
Total Assets $4.676B $4.623B $4.602B
YoY Change 1.16% 100.56% 104.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.30M $84.71M $73.25M
YoY Change -1.65% 70.22% 64.78%
Accrued Expenses $183.4M $122.9M $99.30M
YoY Change 49.23% 73.1% 42.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $62.60M $58.70M $48.50M
YoY Change 6.64% 111.15% 66.67%
Total Short-Term Liabilities $349.3M $303.0M $275.0M
YoY Change 15.28% 62.27% 53.94%
LONG-TERM LIABILITIES
Long-Term Debt $2.421B $2.252B $2.562B
YoY Change 7.48% 53.51% 81.58%
Other Long-Term Liabilities $121.4M $222.5M $116.8M
YoY Change 20.32% 191.72% 33.59%
Total Long-Term Liabilities $2.542B $222.5M $116.8M
YoY Change 8.03% 191.72% 33.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $349.3M $303.0M $275.0M
Total Long-Term Liabilities $2.542B $222.5M $116.8M
Total Liabilities $3.912B $525.5M $391.8M
YoY Change 7.56% 99.81% 47.25%
SHAREHOLDERS EQUITY
Retained Earnings -$41.32M -$9.140M
YoY Change -86.73% -97.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $764.0M $654.7M $695.4M
YoY Change
Total Liabilities & Shareholders Equity $4.676B $4.623B $4.602B
YoY Change 1.16% 100.56% 104.64%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income -$205.7M -$32.18M -$9.140M
YoY Change 288.11% -290.82% 290.93%
Depreciation, Depletion And Amortization $67.40M $18.40M $3.330M
YoY Change 29.87% 73.58% -65.72%
Cash From Operating Activities $144.6M $54.40M -$1.222M
YoY Change 19.6% 68.42% -106.47%
INVESTING ACTIVITIES
Capital Expenditures $39.80M -$9.000M $1.840M
YoY Change -234.46% -15.89% -123.0%
Acquisitions $106.8M $1.163M
YoY Change
Other Investing Activities $1.500M -$26.90M $0.00
YoY Change -100.2% 37.24% -100.0%
Cash From Investing Activities -$128.9M -$35.80M -$3.003M
YoY Change -83.55% 18.15% -85.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000M
YoY Change -99.35%
Debt Paid & Issued, Net $157.6M $3.609M
YoY Change
Cash From Financing Activities -$6.300M -43.40M -$10.28M
YoY Change -100.82% -447.2% -277.24%
NET CHANGE
Cash From Operating Activities $144.6M 54.40M -$1.222M
Cash From Investing Activities -$128.9M -35.80M -$3.003M
Cash From Financing Activities -$6.300M -43.40M -$10.28M
Net Change In Cash $9.400M -24.80M -$14.51M
YoY Change -91.06% -271.03% -492.03%
FREE CASH FLOW
Cash From Operating Activities $144.6M $54.40M -$1.222M
Capital Expenditures $39.80M -$9.000M $1.840M
Free Cash Flow $104.8M $63.40M -$3.062M
YoY Change -30.37% 47.44% -111.38%

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us-gaap Net Cash Provided By Used In Investing Activities
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200000 USD
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100000 USD
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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48319193 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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48027875 shares

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