2019 Q1 Form 10-Q Financial Statement

#000162828019001036 Filed on February 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q2
Revenue $539.0M $1.249B $388.0M
YoY Change 19.71% 159.7% -7.23%
Cost Of Revenue $258.9M $898.5M $131.4M
YoY Change 36.84% 235.28% -32.48%
Gross Profit $280.1M $350.3M $256.6M
YoY Change 7.29% 64.55% 14.74%
Gross Profit Margin 51.96% 28.05% 66.14%
Selling, General & Admin $153.1M $232.0M $126.0M
YoY Change 41.89% 59.46% 11.72%
% of Gross Profit 54.66% 66.23% 49.12%
Research & Development $56.60M $62.31M $50.71M
YoY Change 4.62% 24.67% 19.97%
% of Gross Profit 20.21% 17.79% 19.76%
Depreciation & Amortization $58.00M $10.14M $9.260M
YoY Change 75.76% 28.94% 19.59%
% of Gross Profit 20.71% 2.9% 3.61%
Operating Expenses $220.8M $298.5M $185.8M
YoY Change 28.75% 46.31% 7.12%
Operating Profit $58.06M $51.78M $70.85M
YoY Change -33.89% 484.94% 41.07%
Interest Expense $6.500M $8.100M $6.600M
YoY Change 85.71% 138.24% -335.71%
% of Operating Profit 11.2% 15.64% 9.32%
Other Income/Expense, Net $8.071M $6.601M
YoY Change 139.21% -335.08%
Pretax Income $64.50M $59.85M $77.45M
YoY Change -29.35% 389.53% 63.35%
Income Tax $12.30M -$120.1M $5.754M
% Of Pretax Income 19.07% -200.66% 7.43%
Net Earnings $56.83M $179.9M $71.69M
YoY Change -37.45% 615.78% 18.94%
Net Earnings / Revenue 10.54% 14.41% 18.48%
Basic Earnings Per Share $0.50 $1.59 $0.63
Diluted Earnings Per Share $0.50 $1.57 $0.62
COMMON SHARES
Basic Shares Outstanding 113.2M shares 113.4M shares 112.9M shares
Diluted Shares Outstanding 114.7M shares 116.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.571B $1.601B $1.102B
YoY Change 10.29% 21.09% -13.96%
Cash & Equivalents $826.5M $1.055B $464.8M
Short-Term Investments $744.5M $545.7M $637.5M
Other Short-Term Assets $775.3M $440.8M $721.7M
YoY Change 7.38% -34.13% 22.07%
Inventory $28.20M $39.79M $10.64M
Prepaid Expenses
Receivables $395.7M $823.5M $301.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.828B $2.975B $2.074B
YoY Change 17.38% 21.53% -1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $127.9M $114.7M $105.9M
YoY Change 24.79% 18.74% 38.16%
Goodwill $381.7M $383.1M $387.3M
YoY Change -4.46% -1.7% 4.79%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $94.35M $83.17M $108.3M
YoY Change 81.59% 55.14% 130.6%
Total Long-Term Assets $1.415B $1.412B $1.382B
YoY Change 6.52% 14.37% 24.87%
TOTAL ASSETS
Total Short-Term Assets $2.828B $2.975B $2.074B
Total Long-Term Assets $1.415B $1.412B $1.382B
Total Assets $4.243B $4.387B $3.456B
YoY Change 13.52% 19.13% 7.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.80M $74.62M $33.77M
YoY Change 107.82% 62.21% -8.57%
Accrued Expenses $1.036B $1.206B $984.4M
YoY Change 13.22% 32.95% 21.58%
Deferred Revenue $843.3M $818.4M $547.0M
YoY Change 8.51%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.952B $2.099B $1.391B
YoY Change 13.02% 1.31% -5.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $5.232M
YoY Change -100.0% -100.0% -97.54%
Other Long-Term Liabilities $229.6M $191.2M $192.6M
YoY Change 45.08% 26.34% -8.0%
Total Long-Term Liabilities $229.6M $191.2M $197.9M
YoY Change 38.04% 15.76% -53.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.952B $2.099B $1.391B
Total Long-Term Liabilities $229.6M $191.2M $197.9M
Total Liabilities $2.202B $2.360B $1.604B
YoY Change -2.06% 3.41% -24.34%
SHAREHOLDERS EQUITY
Retained Earnings $877.6M $820.8M $543.8M
YoY Change 1093.79% -4841.47% -1471.54%
Common Stock $2.021B $1.978B $1.889B
YoY Change 6.95% 6.2% 27.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $820.6M $720.6M $611.7M
YoY Change 79.09% 74.25% 101.62%
Treasury Stock Shares 22.42M shares 21.30M shares 20.30M shares
Shareholders Equity $2.041B $2.027B $1.852B
YoY Change
Total Liabilities & Shareholders Equity $4.243B $4.387B $3.456B
YoY Change 13.52% 19.13% 7.34%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q2
OPERATING ACTIVITIES
Net Income $56.83M $179.9M $71.69M
YoY Change -37.45% 615.78% 18.94%
Depreciation, Depletion And Amortization $58.00M $10.14M $9.260M
YoY Change 75.76% 28.94% 19.59%
Cash From Operating Activities $453.3M $596.2M -$11.18M
YoY Change 79.6% 448.48% -122.42%
INVESTING ACTIVITIES
Capital Expenditures -$23.40M -$14.50M $14.29M
YoY Change 65.96% -1.36% -11.2%
Acquisitions
YoY Change
Other Investing Activities -$222.5M $17.10M -$25.70M
YoY Change 195.88% -136.93% 558.97%
Cash From Investing Activities -$245.9M $2.600M -$40.00M
YoY Change 175.36% -104.26% -11.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $153.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -115.5M -130.7M -$211.9M
YoY Change 51.18% 9.83% 267.32%
NET CHANGE
Cash From Operating Activities 453.3M 596.2M -$11.18M
Cash From Investing Activities -245.9M 2.600M -$40.00M
Cash From Financing Activities -115.5M -130.7M -$211.9M
Net Change In Cash 91.90M 468.1M -$272.2M
YoY Change 6.0% -756.52% 482.02%
FREE CASH FLOW
Cash From Operating Activities $453.3M $596.2M -$11.18M
Capital Expenditures -$23.40M -$14.50M $14.29M
Free Cash Flow $476.7M $610.7M -$25.47M
YoY Change 78.87% 394.89% -175.37%

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59850000 USD
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P1Y
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
208641000 USD
CY2018Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
161322000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
313793000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
96111000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
178609000 USD
CY2018Q1 us-gaap Short Term Investments
ShortTermInvestments
615406000 USD
CY2018Q4 us-gaap Short Term Investments
ShortTermInvestments
545734000 USD
CY2018Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
14218000 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117918000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111440000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114737000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114918000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113991000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109010000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113433000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113390000 shares

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0001628280-19-001036.txt Edgar Link pending
0001628280-19-001036-xbrl.zip Edgar Link pending
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ttwo-20181231.xml Edgar Link completed
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