2019 Q1 Form 10-Q Financial Statement

#000087688319000009 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $328.8M $1.514B
YoY Change -78.28% 339.16%
Cost Of Revenue $237.2M $243.0M
YoY Change -2.42% 2.3%
Gross Profit $91.64M $1.271B
YoY Change -92.79% 1086.1%
Gross Profit Margin 27.87% 83.95%
Selling, General & Admin $67.10M $83.90M
YoY Change -20.02% -4.44%
% of Gross Profit 73.22% 6.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.838M $8.402M
YoY Change 5.19% 50.04%
% of Gross Profit 9.64% 0.66%
Operating Expenses $75.90M $96.30M
YoY Change -21.18% -2.43%
Operating Profit $15.68M -$14.63M
YoY Change -207.17% -274.22%
Interest Expense -$11.30M -$22.70M
YoY Change -50.22% 60.99%
% of Operating Profit -72.06%
Other Income/Expense, Net -$14.70M -$22.30M
YoY Change -34.08% 59.6%
Pretax Income -$88.67M $86.02M
YoY Change -203.08% -1643.0%
Income Tax $29.62M -$168.4M
% Of Pretax Income -195.72%
Net Earnings -$113.0K -$29.42M
YoY Change -99.62% 178.4%
Net Earnings / Revenue -0.03% -1.94%
Basic Earnings Per Share -$0.04 -$0.56
Diluted Earnings Per Share -$0.04 -$0.56
COMMON SHARES
Basic Shares Outstanding 57.22M shares 55.26M shares
Diluted Shares Outstanding 57.22M shares 55.48M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.40M $29.20M
YoY Change -9.59% 25.86%
Cash & Equivalents $26.37M $29.20M
Short-Term Investments
Other Short-Term Assets $44.69M $36.27M
YoY Change 23.2% -6.04%
Inventory
Prepaid Expenses
Receivables $438.6M $424.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $568.2M $552.7M
YoY Change 2.8% 3.81%
LONG-TERM ASSETS
Property, Plant & Equipment $85.46M $85.37M
YoY Change 0.1% 3.82%
Goodwill $742.8M $832.5M
YoY Change -10.78% -1.61%
Intangibles $64.86M $66.35M
YoY Change -2.25% -18.05%
Long-Term Investments $6.586M $6.442M
YoY Change 2.24% 39.86%
Other Assets $26.13M $31.41M
YoY Change -16.8% -18.96%
Total Long-Term Assets $1.265B $1.148B
YoY Change 10.15% 4.95%
TOTAL ASSETS
Total Short-Term Assets $568.2M $552.7M
Total Long-Term Assets $1.265B $1.148B
Total Assets $1.833B $1.701B
YoY Change 7.76% 4.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $214.7M $202.7M
YoY Change 5.9% -19.6%
Accrued Expenses $295.4M $290.0M
YoY Change 1.86% -1.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $322.0K
YoY Change 23.85%
Total Short-Term Liabilities $729.0M $748.7M
YoY Change -2.63% -7.85%
LONG-TERM LIABILITIES
Long-Term Debt $919.1M $942.8M
YoY Change -2.52% 6.26%
Other Long-Term Liabilities $17.52M $55.20M
YoY Change -68.25% 1.07%
Total Long-Term Liabilities $936.6M $998.0M
YoY Change -6.16% 5.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $729.0M $748.7M
Total Long-Term Liabilities $936.6M $998.0M
Total Liabilities $1.959B $1.836B
YoY Change 6.7% -7.41%
SHAREHOLDERS EQUITY
Retained Earnings -$465.0M -$370.6M
YoY Change 25.48% -36.71%
Common Stock $98.69M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$214.5M -$240.6M
YoY Change
Total Liabilities & Shareholders Equity $1.833B $1.701B
YoY Change 7.76% 4.58%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$113.0K -$29.42M
YoY Change -99.62% 178.4%
Depreciation, Depletion And Amortization $8.838M $8.402M
YoY Change 5.19% 50.04%
Cash From Operating Activities -$81.20M -$61.03M
YoY Change 33.04% 83.73%
INVESTING ACTIVITIES
Capital Expenditures $3.606M $3.799M
YoY Change -5.08% -59.64%
Acquisitions $1.050M $0.00
YoY Change
Other Investing Activities $293.0K $69.00K
YoY Change 324.64% 38.0%
Cash From Investing Activities $18.10M -$3.868M
YoY Change -567.97% -65.12%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $146.0K
YoY Change -100.0% 563.64%
Common Stock Issuance & Retirement, Net $0.00 $456.0K
YoY Change -100.0% 794.12%
Debt Paid & Issued, Net $1.536M $79.00K
YoY Change 1844.3% -41.48%
Cash From Financing Activities $60.75M $47.62M
YoY Change 27.58% 20.15%
NET CHANGE
Cash From Operating Activities -$81.20M -$61.03M
Cash From Investing Activities $18.10M -$3.868M
Cash From Financing Activities $60.75M $47.62M
Net Change In Cash -$2.922M -$16.98M
YoY Change -82.79% 262.99%
FREE CASH FLOW
Cash From Operating Activities -$81.20M -$61.03M
Capital Expenditures $3.606M $3.799M
Free Cash Flow -$84.81M -$64.83M
YoY Change 30.81% 52.08%

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