2017 Q4 Form 10-Q Financial Statement

#000111316917000044 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $1.298B $1.239B $1.093B
YoY Change 18.91% 13.34% 4.18%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $731.5M $652.3M $482.9M
YoY Change 49.41% 35.08% 2.53%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.70M $35.00M $34.00M
YoY Change 9.88% 2.94% 2.72%
% of Gross Profit
Operating Expenses $766.6M $690.2M $617.2M
YoY Change 22.09% 11.83% 4.49%
Operating Profit $531.0M $548.5M $475.7M
YoY Change 15.3% 3.8%
Interest Expense $101.3M $66.40M $88.30M
YoY Change 623.57% -24.8% 29333.33%
% of Operating Profit 19.08% 12.11% 18.56%
Other Income/Expense, Net $700.0K $67.30M $88.30M
YoY Change -138.89% -23.78% 29333.33%
Pretax Income $633.0M $615.8M $564.0M
YoY Change 9.99% 9.18% 22.98%
Income Tax $175.3M $211.6M $201.3M
% Of Pretax Income 27.69% 34.36% 35.69%
Net Earnings $347.1M $390.9M $327.8M
YoY Change -8.61% 19.25% 18.3%
Net Earnings / Revenue 26.75% 31.56% 29.99%
Basic Earnings Per Share $1.40 $1.59 $1.30
Diluted Earnings Per Share $1.37 $1.56 $1.28
COMMON SHARES
Basic Shares Outstanding 242.3M shares 240.3M shares 245.6M shares
Diluted Shares Outstanding 244.4M shares 250.1M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.903B $1.869B $1.401B
YoY Change 57.93% 33.4% 20.36%
Cash & Equivalents $1.903B $1.869B $1.401B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $565.0M $508.0M $447.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.468B $2.377B $1.848B
YoY Change 48.67% 28.63% 15.86%
LONG-TERM ASSETS
Property, Plant & Equipment $652.0M $635.0M $615.6M
YoY Change 6.0% 3.15% 2.09%
Goodwill $665.7M $665.7M $665.7M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $3.526B $3.441B $3.349B
YoY Change 20.01% 2.75% 52.16%
Other Assets
YoY Change
Total Long-Term Assets $5.067B $5.003B $4.876B
YoY Change 11.01% 2.61% 32.79%
TOTAL ASSETS
Total Short-Term Assets $2.468B $2.377B $1.848B
Total Long-Term Assets $5.067B $5.003B $4.876B
Total Assets $7.535B $7.380B $6.724B
YoY Change 21.05% 9.76% 27.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $216.0M $194.0M $205.0M
YoY Change 19.34% -5.37% 18.5%
Accrued Expenses $109.0M $454.0M $478.0M
YoY Change 17.2% -5.02% 17.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $393.0M $665.0M $723.0M
YoY Change 25.56% -8.02% 21.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $325.0M $234.0M $53.00M
YoY Change 49.77% 341.51%
Total Long-Term Liabilities $325.0M $234.0M $53.00M
YoY Change 49.77% 341.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $393.0M $665.0M $723.0M
Total Long-Term Liabilities $325.0M $234.0M $53.00M
Total Liabilities $718.2M $897.8M $775.9M
YoY Change 35.71% 15.71% 30.84%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $895.1M $800.3M $703.5M
YoY Change 27.24% 13.76% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.824B $5.528B $4.834B
YoY Change
Total Liabilities & Shareholders Equity $7.535B $7.380B $6.724B
YoY Change 21.05% 9.76% 27.66%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $347.1M $390.9M $327.8M
YoY Change -8.61% 19.25% 18.3%
Depreciation, Depletion And Amortization $36.70M $35.00M $34.00M
YoY Change 9.88% 2.94% 2.72%
Cash From Operating Activities -$123.3M $213.6M $282.4M
YoY Change 26.2% -24.36% -44.29%
INVESTING ACTIVITIES
Capital Expenditures -$57.00M -$46.50M -$33.30M
YoY Change 59.22% 39.64% -4.03%
Acquisitions
YoY Change
Other Investing Activities $20.60M -$15.70M -$18.40M
YoY Change -35.02% -14.67% -192.0%
Cash From Investing Activities -$36.40M -$62.20M -$51.70M
YoY Change 787.8% 20.31% 251.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 190.9M 205.8M -129.1M
YoY Change -245.61% -259.41% -78.38%
NET CHANGE
Cash From Operating Activities -123.3M 213.6M 282.4M
Cash From Investing Activities -36.40M -62.20M -51.70M
Cash From Financing Activities 190.9M 205.8M -129.1M
Net Change In Cash 31.20M 357.2M 101.6M
YoY Change -113.4% 251.57% -196.95%
FREE CASH FLOW
Cash From Operating Activities -$123.3M $213.6M $282.4M
Capital Expenditures -$57.00M -$46.50M -$33.30M
Free Cash Flow -$66.30M $260.1M $315.7M
YoY Change 7.11% -17.61% -41.71%

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trow-ex31i1_q32017.htm Edgar Link pending
trow-ex31i2_q32017.htm Edgar Link pending
trow-ex32_q32017.htm Edgar Link pending