2019 Q1 Form 10-Q Financial Statement

#000155203319000031 Filed on April 23, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $619.3M $537.4M
YoY Change 15.24% 18.11%
Cost Of Revenue $208.1M $182.3M
YoY Change 14.15% 20.57%
Gross Profit $411.2M $355.1M
YoY Change 15.8% 16.89%
Gross Profit Margin 66.4% 66.08%
Selling, General & Admin $195.7M $163.3M
YoY Change 19.84% 12.85%
% of Gross Profit 47.59% 45.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.50M $66.60M
YoY Change 40.39% 14.83%
% of Gross Profit 22.74% 18.76%
Operating Expenses $497.2M $412.2M
YoY Change 20.62% 16.47%
Operating Profit $122.1M $125.2M
YoY Change -2.48% 23.84%
Interest Expense $45.00M $22.60M
YoY Change 99.12% 5.12%
% of Operating Profit 36.86% 18.05%
Other Income/Expense, Net -$46.50M -$22.20M
YoY Change 109.46% -11.55%
Pretax Income $75.50M $103.0M
YoY Change -26.7% 35.53%
Income Tax $600.0K $27.60M
% Of Pretax Income 0.79% 26.8%
Net Earnings $70.90M $73.10M
YoY Change -3.01% 17.34%
Net Earnings / Revenue 11.45% 13.6%
Basic Earnings Per Share $0.38 $0.40
Diluted Earnings Per Share $0.37 $0.38
COMMON SHARES
Basic Shares Outstanding 186.6M shares 183.7M shares
Diluted Shares Outstanding 191.0M shares 190.1M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $241.2M $179.6M
YoY Change 34.3% 15.8%
Cash & Equivalents $200.9M $154.3M
Short-Term Investments $40.30M $25.30M
Other Short-Term Assets $166.5M $148.2M
YoY Change 12.35% 60.04%
Inventory
Prepaid Expenses $86.50M $65.00M
Receivables $470.0M $344.0M
Other Receivables $23.90M $45.80M
Total Short-Term Assets $893.2M $646.5M
YoY Change 38.16% 25.85%
LONG-TERM ASSETS
Property, Plant & Equipment $214.5M $189.3M
YoY Change 13.31% -1.41%
Goodwill $3.354B $2.378B
YoY Change 41.08% 7.92%
Intangibles $2.513B $1.800B
YoY Change 39.61% 3.57%
Long-Term Investments $47.80M $47.10M
YoY Change 1.49% 5.61%
Other Assets $201.2M $150.6M
YoY Change 33.6% 40.35%
Total Long-Term Assets $6.283B $4.517B
YoY Change 39.08% 6.54%
TOTAL ASSETS
Total Short-Term Assets $893.2M $646.5M
Total Long-Term Assets $6.283B $4.517B
Total Assets $7.176B $5.164B
YoY Change 38.96% 8.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.8M $128.8M
YoY Change 33.39% 11.61%
Accrued Expenses $17.60M $17.00M
YoY Change 3.53% -0.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $79.00M $89.20M
YoY Change -11.43% -3.78%
Total Short-Term Liabilities $545.9M $400.4M
YoY Change 36.34% 4.95%
LONG-TERM LIABILITIES
Long-Term Debt $3.952B $2.335B
YoY Change 69.26% 1.1%
Other Long-Term Liabilities $121.6M $78.40M
YoY Change 55.1% 201.54%
Total Long-Term Liabilities $4.073B $2.413B
YoY Change 68.8% 3.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $545.9M $400.4M
Total Long-Term Liabilities $4.073B $2.413B
Total Liabilities $5.099B $3.232B
YoY Change 57.78% -1.74%
SHAREHOLDERS EQUITY
Retained Earnings $418.8M $202.3M
YoY Change 107.02% -183.77%
Common Stock $1.970B $1.884B
YoY Change 4.52% 3.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $177.0M $139.2M
YoY Change 27.16% 89.39%
Treasury Stock Shares 4.800M shares 4.200M shares
Shareholders Equity $1.982B $1.834B
YoY Change
Total Liabilities & Shareholders Equity $7.176B $5.164B
YoY Change 38.96% 8.62%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $70.90M $73.10M
YoY Change -3.01% 17.34%
Depreciation, Depletion And Amortization $93.50M $66.60M
YoY Change 40.39% 14.83%
Cash From Operating Activities $123.8M $101.0M
YoY Change 22.57% 54.67%
INVESTING ACTIVITIES
Capital Expenditures $41.90M $26.90M
YoY Change 55.76% 3.46%
Acquisitions
YoY Change
Other Investing Activities $2.200M $100.0K
YoY Change 2100.0% -100.2%
Cash From Investing Activities -$50.90M -$30.50M
YoY Change 66.89% -59.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.10M -$9.400M
YoY Change -207.45% -116.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$59.90M -$32.50M
YoY Change 84.31% -21.5%
NET CHANGE
Cash From Operating Activities $123.8M $101.0M
Cash From Investing Activities -$50.90M -$30.50M
Cash From Financing Activities -$59.90M -$32.50M
Net Change In Cash $13.50M $38.00M
YoY Change -64.47% -172.66%
FREE CASH FLOW
Cash From Operating Activities $123.8M $101.0M
Capital Expenditures $41.90M $26.90M
Free Cash Flow $81.90M $74.10M
YoY Change 10.53% 88.55%

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CY2019Q1 us-gaap Goodwill
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73100000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations
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72500000 USD
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103000000 USD
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75500000 USD
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75400000 USD
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74900000 USD
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0.40
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.39
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0.38
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.38
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0 USD
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CY2018Q1 us-gaap Income Loss From Equity Method Investments
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2300000 USD
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3800000 USD
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1600000 USD
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3300000 USD
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27600000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
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600000 USD
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5500000 USD
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9400000 USD
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0 USD
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18600000 USD
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11400000 USD
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700000 USD
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0 USD
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2200000 USD
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16100000 USD
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3600000 USD
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24600000 USD
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1500000 USD
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80500000 USD
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20400000 USD
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8800000 USD
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10800000 USD
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16900000 USD
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20700000 USD
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15600000 USD
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100000 USD
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CY2019Q1 us-gaap Liabilities
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22800000 USD
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20900000 USD
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19600000 USD
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19600000 USD
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101000000 USD
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101000000 USD
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2400000 USD
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14400000 USD
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26900000 USD
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41900000 USD
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1500000 USD
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3300000 USD
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1800000 USD
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8300000 USD
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19600000 USD
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12300000 USD
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12300000 USD
CY2019Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-7900000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190100000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191000000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183700000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186600000 shares

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0001552033-19-000031.txt Edgar Link pending
0001552033-19-000031-xbrl.zip Edgar Link pending
ck0001552033-20190331.xml Edgar Link completed
ck0001552033-20190331.xsd Edgar Link pending
ck0001552033-20190331_cal.xml Edgar Link unprocessable
ck0001552033-20190331_def.xml Edgar Link unprocessable
ck0001552033-20190331_lab.xml Edgar Link unprocessable
ck0001552033-20190331_pre.xml Edgar Link unprocessable
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