2017 Q3 Form 10-Q Financial Statement

#000155203317000067 Filed on October 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $498.0M $437.6M
YoY Change 13.8% 12.46%
Cost Of Revenue $169.3M $141.5M
YoY Change 19.65% 4.74%
Gross Profit $328.7M $296.1M
YoY Change 11.01% 16.57%
Gross Profit Margin 66.0% 67.66%
Selling, General & Admin $142.2M $137.1M
YoY Change 3.72% 12.19%
% of Gross Profit 43.26% 46.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.90M $63.10M
YoY Change -5.07% -11.75%
% of Gross Profit 18.22% 21.31%
Operating Expenses $371.4M $341.8M
YoY Change 8.66% 3.95%
Operating Profit $126.6M $95.80M
YoY Change 32.15% 58.87%
Interest Expense $21.70M $21.40M
YoY Change 1.4% -13.71%
% of Operating Profit 17.14% 22.34%
Other Income/Expense, Net -$22.40M -$20.10M
YoY Change 11.44% -66.05%
Pretax Income $104.2M $75.70M
YoY Change 37.65% 6781.82%
Income Tax $32.30M $31.20M
% Of Pretax Income 31.0% 41.22%
Net Earnings $68.80M $41.20M
YoY Change 66.99% -1130.0%
Net Earnings / Revenue 13.82% 9.41%
Basic Earnings Per Share $0.38 $0.23
Diluted Earnings Per Share $0.36 $0.22
COMMON SHARES
Basic Shares Outstanding 182.2M shares 182.7M shares
Diluted Shares Outstanding 189.2M shares 184.8M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $267.6M $163.2M
YoY Change 63.97% 26.81%
Cash & Equivalents $253.3M $137.9M
Short-Term Investments $14.30M $25.30M
Other Short-Term Assets $116.8M $82.10M
YoY Change 42.27% -13.58%
Inventory
Prepaid Expenses $49.80M $39.40M
Receivables $318.9M $272.7M
Other Receivables $29.60M $6.700M
Total Short-Term Assets $689.0M $492.7M
YoY Change 39.84% 8.6%
LONG-TERM ASSETS
Property, Plant & Equipment $182.6M $190.4M
YoY Change -4.1% 7.15%
Goodwill $2.206B $2.160B
YoY Change 2.13% 9.22%
Intangibles $1.689B $1.830B
YoY Change -7.68% 2.05%
Long-Term Investments $49.60M $78.70M
YoY Change -36.98%
Other Assets $116.0M $103.2M
YoY Change 12.4% 18.21%
Total Long-Term Assets $4.194B $4.283B
YoY Change -2.09% 6.14%
TOTAL ASSETS
Total Short-Term Assets $689.0M $492.7M
Total Long-Term Assets $4.194B $4.283B
Total Assets $4.883B $4.776B
YoY Change 2.23% 6.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.5M $109.0M
YoY Change 17.89% 15.22%
Accrued Expenses $15.00M $18.40M
YoY Change -18.48% 0.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $34.40M $49.50M
YoY Change -30.51% 11.99%
Total Short-Term Liabilities $375.3M $344.5M
YoY Change 8.94% 26.42%
LONG-TERM LIABILITIES
Long-Term Debt $2.352B $2.338B
YoY Change 0.59% 7.53%
Other Long-Term Liabilities $29.30M $58.20M
YoY Change -49.66% 105.65%
Total Long-Term Liabilities $2.381B $2.396B
YoY Change -0.63% 8.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $375.3M $344.5M
Total Long-Term Liabilities $2.381B $2.396B
Total Liabilities $3.328B $3.344B
YoY Change -0.5% 7.91%
SHAREHOLDERS EQUITY
Retained Earnings -$107.8M -$353.3M
YoY Change -69.49% -20.34%
Common Stock $1.851B $1.833B
YoY Change 0.94% -1.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $138.8M $4.600M
YoY Change 2917.39% 6.98%
Treasury Stock Shares 4.200M shares 700.0K shares
Shareholders Equity $1.456B $1.307B
YoY Change
Total Liabilities & Shareholders Equity $4.883B $4.776B
YoY Change 2.23% 6.39%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $68.80M $41.20M
YoY Change 66.99% -1130.0%
Depreciation, Depletion And Amortization $59.90M $63.10M
YoY Change -5.07% -11.75%
Cash From Operating Activities $172.5M $126.6M
YoY Change 36.26% 41.14%
INVESTING ACTIVITIES
Capital Expenditures -$33.00M -$30.60M
YoY Change 7.84% 9.29%
Acquisitions
YoY Change
Other Investing Activities -$11.70M -$87.80M
YoY Change -86.67% 565.15%
Cash From Investing Activities -$44.70M -$118.4M
YoY Change -62.25% 187.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.70M -12.70M
YoY Change 31.5% -98.12%
NET CHANGE
Cash From Operating Activities 172.5M 126.6M
Cash From Investing Activities -44.70M -118.4M
Cash From Financing Activities -16.70M -12.70M
Net Change In Cash 111.1M -4.500M
YoY Change -2568.89% -99.28%
FREE CASH FLOW
Cash From Operating Activities $172.5M $126.6M
Capital Expenditures -$33.00M -$30.60M
Free Cash Flow $205.5M $157.2M
YoY Change 30.73% 33.56%

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40100000 USD
us-gaap Increase Decrease In Other Operating Assets
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5800000 USD
us-gaap Increase Decrease In Other Operating Assets
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37800000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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22500000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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19100000 USD
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1900000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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7500000 shares
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
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CY2016Q3 us-gaap Interest Expense
InterestExpense
21400000 USD
us-gaap Interest Expense
InterestExpense
63100000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
21700000 USD
us-gaap Interest Expense
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65800000 USD
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1300000 USD
CY2017Q3 us-gaap Interest Payable Current
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1000000 USD
CY2016Q3 us-gaap Investment Income Interest
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1200000 USD
us-gaap Investment Income Interest
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3200000 USD
CY2017Q3 us-gaap Investment Income Interest
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1500000 USD
us-gaap Investment Income Interest
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4200000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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62600000 USD
CY2017Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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75800000 USD
CY2016Q4 us-gaap Liabilities
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3308200000 USD
CY2017Q3 us-gaap Liabilities
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3327800000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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4781200000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
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4882500000 USD
CY2016Q4 us-gaap Liabilities Current
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373300000 USD
CY2017Q3 us-gaap Liabilities Current
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375300000 USD
CY2016Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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4800000 USD
CY2017Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
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7600000 USD
CY2016Q4 us-gaap Litigation Reserve Current
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35900000 USD
CY2017Q3 us-gaap Litigation Reserve Current
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46700000 USD
CY2017Q3 us-gaap Long Term Debt
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2386500000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2236900000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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8100000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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39900000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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43300000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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36400000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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34100000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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CY2017Q3 us-gaap Long Term Debt Noncurrent
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2352100000 USD
CY2016Q4 us-gaap Marketable Securities Current
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3300000 USD
CY2017Q3 us-gaap Marketable Securities Current
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3200000 USD
CY2016Q4 us-gaap Marketable Securities Noncurrent
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12400000 USD
CY2017Q3 us-gaap Marketable Securities Noncurrent
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12600000 USD
CY2016Q4 us-gaap Minority Interest
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110200000 USD
CY2017Q3 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Financing Activities
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168300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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276100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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348900000 USD
CY2016Q3 us-gaap Net Income Loss
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41200000 USD
us-gaap Net Income Loss
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71000000 USD
CY2017Q3 us-gaap Net Income Loss
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68800000 USD
us-gaap Net Income Loss
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196000000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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7800000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3100000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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7600000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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41200000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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71000000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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68800000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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196000000 USD
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us-gaap Nonoperating Income Expense
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CY2017Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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341800000 USD
us-gaap Operating Expenses
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1057700000 USD
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371400000 USD
us-gaap Operating Expenses
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1084500000 USD
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95800000 USD
us-gaap Operating Income Loss
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CY2017Q3 us-gaap Operating Income Loss
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126600000 USD
us-gaap Operating Income Loss
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CY2017Q3 us-gaap Other Assets Current
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7200000 USD
CY2017Q3 us-gaap Other Assets Miscellaneous Current
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2500000 USD
CY2017Q3 us-gaap Other Assets Miscellaneous Noncurrent
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5500000 USD
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CY2017Q3 us-gaap Other Assets Noncurrent
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116000000 USD
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19500000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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49600000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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1800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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28200000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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17800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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51000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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1600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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27600000 USD
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1700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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600000 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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400000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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500000 USD
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400000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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400000 USD
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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0 USD
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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CY2017Q3 us-gaap Other Liabilities Current
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CY2017Q3 us-gaap Other Liabilities Noncurrent
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500000 USD
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
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us-gaap Payments To Acquire Property Plant And Equipment
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85500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Trading Securities Heldforinvestment
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us-gaap Payments To Acquire Trading Securities Heldforinvestment
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us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
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CY2017Q3 us-gaap Preferred Stock Shares Authorized
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0 shares
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4700000 USD
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22100000 USD
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150000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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900000 USD
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2500000 USD
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us-gaap Proceeds From Secured Lines Of Credit
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105000000 USD
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44500000 USD
us-gaap Profit Loss
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78800000 USD
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us-gaap Profit Loss
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us-gaap Repayments Of Lines Of Credit
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498000000 USD
us-gaap Sales Revenue Services Net
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137100000 USD
us-gaap Selling General And Administrative Expense
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CY2017Q3 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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436000000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2017Q3 us-gaap Stockholders Equity
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CY2017Q3 us-gaap Taxes Payable Current
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18600000 USD
CY2016Q3 us-gaap Trading Securities Realized Gain Loss
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0 USD
us-gaap Trading Securities Realized Gain Loss
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0 USD
CY2017Q3 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2016Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
0 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
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0 USD
CY2017Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
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0 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
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0 USD
CY2016Q4 us-gaap Treasury Stock Shares
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700000 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
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1850000 shares
CY2017Q2 us-gaap Treasury Stock Shares Acquired
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1650000 shares
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5300000 USD
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12200000 USD
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4800000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
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7600000 USD
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UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184400000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189800000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182500000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182300000 shares

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ck0001552033-20170930.xml Edgar Link completed
ck0001552033-20170930.xsd Edgar Link pending
ck0001552033-20170930_cal.xml Edgar Link unprocessable
ck0001552033-20170930_def.xml Edgar Link unprocessable
ck0001552033-20170930_lab.xml Edgar Link unprocessable
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