2019 Q1 Form 10-Q Financial Statement

#000009694319000080 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q2 2017 Q4
Revenue $613.6M $587.2M $595.1M
YoY Change 20.36% 15.8%
Cost Of Revenue $289.6M $256.0M $239.5M
YoY Change 10.18% -0.59%
Gross Profit $324.0M $331.3M $330.7M
YoY Change 29.63% 21.1%
Gross Profit Margin 52.8% 56.41% 55.58%
Selling, General & Admin $206.9M $215.3M $163.8M
YoY Change 31.33% 13.57%
% of Gross Profit 63.87% 65.0% 49.52%
Research & Development $27.15M $26.03M $21.19M
YoY Change 46.0% 34.99%
% of Gross Profit 8.38% 7.86% 6.41%
Depreciation & Amortization $15.65M $14.83M $36.90M
YoY Change 4.6% 22.59%
% of Gross Profit 4.83% 4.48% 11.16%
Operating Expenses $234.1M $241.4M $185.0M
YoY Change 32.77% 15.75%
Operating Profit $75.24M $86.84M $90.90M
YoY Change 42.79% -19.77%
Interest Expense $22.69M $25.94M $21.26M
YoY Change 46.36% -231.26%
% of Operating Profit 30.16% 29.87% 23.39%
Other Income/Expense, Net
YoY Change
Pretax Income $52.89M $61.17M $89.38M
YoY Change 62.35% 75.94%
Income Tax $10.97M $6.242M $9.978M
% Of Pretax Income 20.74% 10.2% 11.16%
Net Earnings $40.90M $56.18M -$42.66M
YoY Change 39.87% -169.82%
Net Earnings / Revenue 6.67% 9.57% -7.17%
Basic Earnings Per Share $0.89 $1.24 -$0.95
Diluted Earnings Per Share $0.87 $1.20 -$0.91
COMMON SHARES
Basic Shares Outstanding 46.05M shares 45.33M shares 45.04M shares
Diluted Shares Outstanding 46.94M shares 46.70M shares 46.59M shares

Balance Sheet

Concept 2019 Q1 2018 Q2 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.9M $387.9M $342.6M
YoY Change -44.37% -37.87%
Cash & Equivalents $271.2M $378.9M $333.6M
Short-Term Investments $9.690M $8.989M $9.045M
Other Short-Term Assets $90.10M $63.40M $60.30M
YoY Change -6.49% 17.09%
Inventory $445.6M $403.7M $395.7M
Prepaid Expenses
Receivables $375.8M $359.1M $345.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.183B $1.205B $1.129B
YoY Change -13.62% -4.61%
LONG-TERM ASSETS
Property, Plant & Equipment $410.0M $389.5M $383.0M
YoY Change 9.65% 26.44%
Goodwill $2.248B $2.264B $2.236B
YoY Change 24.73% 75.1%
Intangibles $2.274B $2.391B $2.384B
YoY Change 47.52% 118.36%
Long-Term Investments
YoY Change
Other Assets $38.46M $46.95M $46.54M
YoY Change 6.32% 33.62%
Total Long-Term Assets $5.085B $5.095B $5.053B
YoY Change 32.79% 86.6%
TOTAL ASSETS
Total Short-Term Assets $1.183B $1.205B $1.129B
Total Long-Term Assets $5.085B $5.095B $5.053B
Total Assets $6.268B $6.301B $6.181B
YoY Change 20.41% 58.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.5M $84.69M $92.03M
YoY Change 3.25% 32.6%
Accrued Expenses $93.65M $101.1M $96.85M
YoY Change 22.74% 48.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $86.60M $77.50M $77.25M
YoY Change -40.88% -57.8%
Total Short-Term Liabilities $520.9M $551.8M $483.9M
YoY Change 40.63% 13.15%
LONG-TERM LIABILITIES
Long-Term Debt $2.073B $2.154B $2.163B
YoY Change 10.03% 154.39%
Other Long-Term Liabilities $212.2M $167.1M $168.9M
YoY Change 206.28% 271.14%
Total Long-Term Liabilities $2.285B $2.321B $2.332B
YoY Change 15.35% 160.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $520.9M $551.8M $483.9M
Total Long-Term Liabilities $2.285B $2.321B $2.332B
Total Liabilities $3.698B $3.740B $3.751B
YoY Change 24.11% 114.11%
SHAREHOLDERS EQUITY
Retained Earnings $2.286B
YoY Change 4.16%
Common Stock $46.87M
YoY Change 2.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $228.9M
YoY Change 33.86%
Treasury Stock Shares
Shareholders Equity $2.570B $2.561B $2.431B
YoY Change
Total Liabilities & Shareholders Equity $6.268B $6.301B $6.181B
YoY Change 20.41% 58.86%

Cashflow Statement

Concept 2019 Q1 2018 Q2 2017 Q4
OPERATING ACTIVITIES
Net Income $40.90M $56.18M -$42.66M
YoY Change 39.87% -169.82%
Depreciation, Depletion And Amortization $15.65M $14.83M $36.90M
YoY Change 4.6% 22.59%
Cash From Operating Activities $63.80M $86.60M $121.9M
YoY Change -4.52% 12.45%
INVESTING ACTIVITIES
Capital Expenditures $23.49M $15.75M -$17.20M
YoY Change 22.13% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.700M -$17.30M
YoY Change -99.62% -4425.0%
Cash From Investing Activities -$23.50M -$19.40M -$34.40M
YoY Change -98.02% 104.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $18.50M
YoY Change -86.62%
Cash From Financing Activities -124.4M -32.70M 237.7M
YoY Change -103.2% -1242.79%
NET CHANGE
Cash From Operating Activities 63.80M 86.60M 121.9M
Cash From Investing Activities -23.50M -19.40M -34.40M
Cash From Financing Activities -124.4M -32.70M 237.7M
Net Change In Cash -$85.95M 34.50M 325.2M
YoY Change -73.44% 359.32%
FREE CASH FLOW
Cash From Operating Activities $63.80M $86.60M $121.9M
Capital Expenditures $23.49M $15.75M -$17.20M
Free Cash Flow $40.31M $70.85M $139.1M
YoY Change -8.94% 10.75%

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P6Y9M14D
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CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2018Q4 us-gaap Other Liabilities Current
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CY2019Q1 us-gaap Other Liabilities Current
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CY2018Q4 us-gaap Other Liabilities Noncurrent
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CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2018Q2 us-gaap Payments Of Dividends Common Stock
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15447000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
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15650000 USD
CY2018Q2 us-gaap Payments Of Financing Costs
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74000 USD
CY2019Q1 us-gaap Payments Of Financing Costs
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0 USD
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
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15747000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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23494000 USD
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2018Q4 us-gaap Prepaid Taxes
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CY2019Q1 us-gaap Prepaid Taxes
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CY2018Q2 us-gaap Proceeds From Sales Of Assets Investing Activities
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0 USD
CY2019Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
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991000 USD
CY2018Q2 us-gaap Profit Loss
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56184000 USD
CY2019Q1 us-gaap Profit Loss
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CY2018Q2 us-gaap Repayments Of Long Term Debt
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18500000 USD
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0 USD
CY2018Q2 us-gaap Research And Development Expense
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26027000 USD
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27150000 USD
CY2018Q2 us-gaap Restructuring Charges
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3063000 USD
CY2019Q1 us-gaap Restructuring Charges
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14365000 USD
CY2018Q2 us-gaap Restructuring Settlement And Impairment Provisions
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3063000 USD
CY2019Q1 us-gaap Restructuring Settlement And Impairment Provisions
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17395000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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587230000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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613584000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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17519000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
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CY2018Q2 us-gaap Share Based Compensation
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4787000 USD
CY2019Q1 us-gaap Share Based Compensation
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CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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4122000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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5198000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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322000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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380000 USD
CY2018Q4 us-gaap Stockholders Equity
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2539978000 USD
CY2019Q1 us-gaap Stockholders Equity
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2569878000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2430531000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2560500000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2539978000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2569878000 USD
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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46695000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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46942000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45329000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46050000 shares

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