2020 Q2 Form 10-Q Financial Statement

#000074683820000122 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4 2019 Q2
Revenue $438.8M $546.8M $569.4M
YoY Change -22.94% -28.14% -14.68%
Cost Of Revenue $363.9M $430.5M $416.8M
YoY Change -12.69% 288.89% -18.99%
Gross Profit $74.90M $116.3M $152.6M
YoY Change -50.92% -34.81% -0.2%
Gross Profit Margin 17.07% 21.27% 26.8%
Selling, General & Admin $80.20M $96.80M $92.40M
YoY Change -13.2% 47.11% -0.32%
% of Gross Profit 107.08% 83.23% 60.55%
Research & Development $3.200M $9.200M $7.200M
YoY Change -55.56% -8.91% 16.13%
% of Gross Profit 4.27% 7.91% 4.72%
Depreciation & Amortization $46.50M $38.40M $36.60M
YoY Change 27.05% -7.25% -8.73%
% of Gross Profit 62.08% 33.02% 23.98%
Operating Expenses $83.40M $106.0M $99.60M
YoY Change -16.27% 39.66% 0.71%
Operating Profit -$8.500M $10.30M $53.00M
YoY Change -116.04% -89.95% -1.85%
Interest Expense $4.600M -$19.30M $16.20M
YoY Change -71.6% 22.15% 3.18%
% of Operating Profit -187.38% 30.57%
Other Income/Expense, Net -$53.70M -$23.90M -$28.90M
YoY Change 85.81% 27.13% 60.56%
Pretax Income -$66.80M -$32.80M $7.900M
YoY Change -945.57% -186.09% -61.08%
Income Tax $9.700M $4.300M $3.600M
% Of Pretax Income 45.57%
Net Earnings -$78.60M -$10.80M $26.20M
YoY Change -400.0% -143.2% 589.47%
Net Earnings / Revenue -17.91% -1.98% 4.6%
Basic Earnings Per Share -$1.25 -$0.17 $0.51
Diluted Earnings Per Share -$1.25 -$0.17 $0.50
COMMON SHARES
Basic Shares Outstanding 63.01M shares 51.78M shares
Diluted Shares Outstanding 63.01M shares 52.11M shares

Balance Sheet

Concept 2020 Q2 2019 Q4 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $782.0M $539.0M $507.0M
YoY Change 54.24% -10.91% -13.18%
Cash & Equivalents $782.2M $538.8M $507.2M
Short-Term Investments
Other Short-Term Assets $120.0M $114.0M $141.0M
YoY Change -14.89% -12.31% 19.49%
Inventory $14.80M $16.40M $28.00M
Prepaid Expenses
Receivables $404.0M $548.0M $529.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.320B $1.221B $1.206B
YoY Change 9.48% -6.15% -3.3%
LONG-TERM ASSETS
Property, Plant & Equipment $108.5M $116.0M $123.8M
YoY Change -12.36% 3.66% 7.0%
Goodwill $108.6M $110.4M $177.8M
YoY Change -38.92% -0.54% -0.5%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $170.9M $198.9M $210.8M
YoY Change -18.93% -1.83% 8.49%
Total Long-Term Assets $1.079B $1.283B $1.302B
YoY Change -17.11% 10.94% 15.84%
TOTAL ASSETS
Total Short-Term Assets $1.320B $1.221B $1.206B
Total Long-Term Assets $1.079B $1.283B $1.302B
Total Assets $2.399B $2.504B $2.508B
YoY Change -4.33% 1.89% 5.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $161.6M $204.3M $233.5M
YoY Change -30.79% -24.02% 6.18%
Accrued Expenses $253.0M $373.0M $342.0M
YoY Change -26.02% 6.57% 7.55%
Deferred Revenue $217.8M $246.4M $288.3M
YoY Change -24.45% -16.3% 1.3%
Short-Term Debt $60.30M $0.00 $0.00
YoY Change
Long-Term Debt Due $98.00M $14.00M $8.000M
YoY Change 1125.0% 40.0% -20.0%
Total Short-Term Liabilities $792.8M $927.3M $871.7M
YoY Change -9.05% 0.43% 4.55%
LONG-TERM LIABILITIES
Long-Term Debt $47.00M $566.0M $669.0M
YoY Change -92.97% -11.98% 4.86%
Other Long-Term Liabilities $45.20M $47.60M $50.10M
YoY Change -9.78% -38.5% -36.58%
Total Long-Term Liabilities $45.20M $47.60M $50.10M
YoY Change -9.78% -38.5% -36.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $792.8M $927.3M $871.7M
Total Long-Term Liabilities $45.20M $47.60M $50.10M
Total Liabilities $838.0M $974.9M $921.8M
YoY Change -9.09% -2.58% 0.99%
SHAREHOLDERS EQUITY
Retained Earnings -$774.5M -$1.711B -$1.687B
YoY Change -54.1% 1.02% -13.04%
Common Stock $4.651B $4.644B $4.547B
YoY Change 2.29% 2.28% 0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $114.3M $109.6M $109.5M
YoY Change 4.38% 4.38% 4.48%
Treasury Stock Shares 3.800M shares 3.500M shares 3.500M shares
Shareholders Equity -$274.3M -$1.265B -$1.261B
YoY Change
Total Liabilities & Shareholders Equity $2.399B $2.504B $2.508B
YoY Change -4.33% 1.89% 5.77%

Cashflow Statement

Concept 2020 Q2 2019 Q4 2019 Q2
OPERATING ACTIVITIES
Net Income -$78.60M -$10.80M $26.20M
YoY Change -400.0% -143.2% 589.47%
Depreciation, Depletion And Amortization $46.50M $38.40M $36.60M
YoY Change 27.05% -7.25% -8.73%
Cash From Operating Activities -$14.20M $125.7M $50.90M
YoY Change -127.9% -16.92% -535.04%
INVESTING ACTIVITIES
Capital Expenditures -$35.40M -$30.20M -$39.70M
YoY Change -10.83% -37.34% -11.58%
Acquisitions
YoY Change
Other Investing Activities $17.10M $13.70M -$9.500M
YoY Change -280.0% -225.69% 1483.33%
Cash From Investing Activities -$18.30M -$16.50M -$49.20M
YoY Change -62.8% -72.08% 8.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -463.3M -700.0K -1.500M
YoY Change 30786.67% 75.0% 150.0%
NET CHANGE
Cash From Operating Activities -14.20M 125.7M 50.90M
Cash From Investing Activities -18.30M -16.50M -49.20M
Cash From Financing Activities -463.3M -700.0K -1.500M
Net Change In Cash -495.8M 108.5M 200.0K
YoY Change -248000.0% 18.19% -100.35%
FREE CASH FLOW
Cash From Operating Activities -$14.20M $125.7M $50.90M
Capital Expenditures -$35.40M -$30.20M -$39.70M
Free Cash Flow $21.20M $155.9M $90.60M
YoY Change -76.6% -21.85% 172.89%

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us-gaap Earnings Per Share Basic
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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CY2019Q2 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
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us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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6800000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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51600000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
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0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52110000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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51600000 shares
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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14.91
us-gaap Earnings Per Share Diluted
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0.13
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6300000 USD
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39000000.0 USD
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ContractWithCustomerAssetNetCurrent
38400000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
20800000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
21600000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
217800000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
246400000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
130400000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
147000000.0 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
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68200000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
74000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
149200000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
172000000.0 USD
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CapitalizedContractCostNet
73400000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
75800000 USD
CY2019Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
5700000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
12700000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CY2019Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
551800000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4800000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5300000 USD
CY2020Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
58200000 USD
CY2019Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
59600000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
144800000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
579400000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
97500000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
13500000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
47300000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
565900000 USD
CY2020Q2 uis Unreserved Tax Related Matters Inclusive Of Interest
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77000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-12300000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
52000000.0 USD
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-42200000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-69700000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24400000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
32800000 USD
us-gaap Interest Paid Net
InterestPaidNet
28400000 USD
us-gaap Interest Paid Net
InterestPaidNet
30200000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
538800000 USD
CY2020Q2 us-gaap Restricted Cash Noncurrent
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10200000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
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13000000.0 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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792400000 USD
us-gaap Number Of Operating Segments
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2 segment
CY2020Q2 us-gaap Revenues
Revenues
438800000 USD
CY2020Q2 us-gaap Revenues
Revenues
438800000 USD
CY2020Q2 us-gaap Operating Income Loss
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CY2019Q2 us-gaap Revenues
Revenues
569400000 USD
CY2019Q2 us-gaap Revenues
Revenues
569400000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
53000000.0 USD
us-gaap Revenues
Revenues
954200000 USD
us-gaap Revenues
Revenues
954200000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
11600000 USD
us-gaap Revenues
Revenues
1123900000 USD
us-gaap Revenues
Revenues
1123900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
78200000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
4600000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
16200000 USD
us-gaap Interest Expense
InterestExpense
18500000 USD
us-gaap Interest Expense
InterestExpense
31700000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020Q2 us-gaap Revenues
Revenues
438800000 USD
CY2019Q2 us-gaap Revenues
Revenues
569400000 USD
us-gaap Revenues
Revenues
954200000 USD
us-gaap Revenues
Revenues
1123900000 USD
CY2020Q2 us-gaap Revenues
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438800000 USD
CY2019Q2 us-gaap Revenues
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569400000 USD
us-gaap Revenues
Revenues
954200000 USD
us-gaap Revenues
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1123900000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
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800000000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.22
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.34

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