2018 Q1 Form 10-Q Financial Statement

#000155203318000030 Filed on April 20, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $537.4M $455.0M
YoY Change 18.11% 12.15%
Cost Of Revenue $182.3M $151.2M
YoY Change 20.57% 1.41%
Gross Profit $355.1M $303.8M
YoY Change 16.89% 18.39%
Gross Profit Margin 66.08% 66.77%
Selling, General & Admin $163.3M $144.7M
YoY Change 12.85% 9.46%
% of Gross Profit 45.99% 47.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.60M $58.00M
YoY Change 14.83% -20.0%
% of Gross Profit 18.76% 19.09%
Operating Expenses $412.2M $353.9M
YoY Change 16.47% 0.03%
Operating Profit $125.2M $101.1M
YoY Change 23.84% 94.8%
Interest Expense $22.60M $21.50M
YoY Change 5.12% 5.39%
% of Operating Profit 18.05% 21.27%
Other Income/Expense, Net -$22.20M -$25.10M
YoY Change -11.55% -0.79%
Pretax Income $103.0M $76.00M
YoY Change 35.53% 185.71%
Income Tax $27.60M $11.50M
% Of Pretax Income 26.8% 15.13%
Net Earnings $73.10M $62.30M
YoY Change 17.34% 394.44%
Net Earnings / Revenue 13.6% 13.69%
Basic Earnings Per Share $0.40 $0.34
Diluted Earnings Per Share $0.38 $0.33
COMMON SHARES
Basic Shares Outstanding 183.7M shares 182.7M shares
Diluted Shares Outstanding 190.1M shares 190.3M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $179.6M $155.1M
YoY Change 15.8% -9.88%
Cash & Equivalents $154.3M $131.2M
Short-Term Investments $25.30M $23.90M
Other Short-Term Assets $148.2M $92.60M
YoY Change 60.04% 15.32%
Inventory
Prepaid Expenses $65.00M $40.30M
Receivables $344.0M $289.9M
Other Receivables $45.80M $6.300M
Total Short-Term Assets $646.5M $513.7M
YoY Change 25.85% 4.03%
LONG-TERM ASSETS
Property, Plant & Equipment $189.3M $192.0M
YoY Change -1.41% -4.62%
Goodwill $2.378B $2.203B
YoY Change 7.92% 4.61%
Intangibles $1.800B $1.738B
YoY Change 3.57% -5.88%
Long-Term Investments $47.10M $44.60M
YoY Change 5.61% -29.65%
Other Assets $150.6M $107.3M
YoY Change 40.35% 30.38%
Total Long-Term Assets $4.517B $4.240B
YoY Change 6.54% 0.1%
TOTAL ASSETS
Total Short-Term Assets $646.5M $513.7M
Total Long-Term Assets $4.517B $4.240B
Total Assets $5.164B $4.754B
YoY Change 8.62% 0.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.8M $115.4M
YoY Change 11.61% 3.96%
Accrued Expenses $17.00M $17.10M
YoY Change -0.58% -33.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $89.20M $92.70M
YoY Change -3.78% 93.13%
Total Short-Term Liabilities $400.4M $381.5M
YoY Change 4.95% 35.57%
LONG-TERM LIABILITIES
Long-Term Debt $2.335B $2.309B
YoY Change 1.1% -0.01%
Other Long-Term Liabilities $78.40M $26.00M
YoY Change 201.54% -49.81%
Total Long-Term Liabilities $2.413B $2.335B
YoY Change 3.33% -1.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $400.4M $381.5M
Total Long-Term Liabilities $2.413B $2.335B
Total Liabilities $3.232B $3.289B
YoY Change -1.74% 0.41%
SHAREHOLDERS EQUITY
Retained Earnings $202.3M -$241.5M
YoY Change -183.77% -41.34%
Common Stock $1.884B $1.824B
YoY Change 3.34% -0.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $139.2M $73.50M
YoY Change 89.39% 1497.83%
Treasury Stock Shares 4.200M shares 2.600M shares
Shareholders Equity $1.834B $1.368B
YoY Change
Total Liabilities & Shareholders Equity $5.164B $4.754B
YoY Change 8.62% 0.51%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $73.10M $62.30M
YoY Change 17.34% 394.44%
Depreciation, Depletion And Amortization $66.60M $58.00M
YoY Change 14.83% -20.0%
Cash From Operating Activities $101.0M $65.30M
YoY Change 54.67% 56.59%
INVESTING ACTIVITIES
Capital Expenditures $26.90M $26.00M
YoY Change 3.46% -15.86%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$50.20M
YoY Change -100.2% -61.41%
Cash From Investing Activities -$30.50M -$76.20M
YoY Change -59.97% -52.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$9.400M $58.20M
YoY Change -116.15% -6566.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$32.50M -$41.40M
YoY Change -21.5% -130.46%
NET CHANGE
Cash From Operating Activities $101.0M $65.30M
Cash From Investing Activities -$30.50M -$76.20M
Cash From Financing Activities -$32.50M -$41.40M
Net Change In Cash $38.00M -$52.30M
YoY Change -172.66% -415.06%
FREE CASH FLOW
Cash From Operating Activities $101.0M $65.30M
Capital Expenditures $26.90M $26.00M
Free Cash Flow $74.10M $39.30M
YoY Change 88.55% 263.89%

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3400000 USD
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2500000 USD
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0 USD
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0 USD
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0 USD
CY2017Q4 us-gaap Other Liabilities Current
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CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2017Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
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3900000 USD
CY2018Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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CY2017Q1 us-gaap Payment For Contingent Consideration Liability Operating Activities
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2000000 USD
CY2018Q1 us-gaap Payment For Contingent Consideration Liability Operating Activities
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5000000 USD
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0 USD
CY2017Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
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58700000 USD
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100000 USD
CY2017Q1 us-gaap Payments To Acquire Other Investments
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26900000 USD
CY2018Q1 us-gaap Payments To Acquire Other Investments
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7200000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26000000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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26900000 USD
CY2017Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
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1300000 USD
CY2018Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
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1500000 USD
CY2018Q1 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
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0 shares
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CY2017Q4 us-gaap Prepaid Expense Current
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59000000 USD
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CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
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10100000 USD
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9400000 USD
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3400000 USD
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40000000 USD
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CY2017Q1 us-gaap Profit Loss
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64500000 USD
CY2018Q1 us-gaap Profit Loss
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75400000 USD
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1200000 USD
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11500000 USD
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0 USD
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30000000 USD
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455000000 USD
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14400000 USD
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0 USD
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0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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8200000 USD
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8400000 USD
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190300000 shares
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8000000 USD
CY2018Q1 us-gaap Share Based Compensation
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183700000 shares
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Taxes Payable Current
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8500000 USD
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8600000 USD
CY2017Q1 us-gaap Trading Securities Realized Gain Loss
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0 USD
CY2018Q1 us-gaap Trading Securities Realized Gain Loss
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0 USD
CY2017Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
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0 USD
CY2018Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
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0 USD
CY2017Q4 us-gaap Treasury Stock Shares
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4200000 shares
CY2018Q1 us-gaap Treasury Stock Shares
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4200000 shares
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138800000 USD
CY2018Q1 us-gaap Treasury Stock Value
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139200000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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12300000 USD

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