2018 Q2 Form 10-Q Financial Statement

#000106770118000024 Filed on July 18, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.891B $1.597B
YoY Change 18.41% 12.39%
Cost Of Revenue $1.109B $942.0M
YoY Change 17.73% 13.36%
Gross Profit $782.0M $655.0M
YoY Change 19.39% 11.02%
Gross Profit Margin 41.35% 41.01%
Selling, General & Admin $239.0M $218.0M
YoY Change 9.63% 23.16%
% of Gross Profit 30.56% 33.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $390.0M $330.0M
YoY Change 18.18% 7.84%
% of Gross Profit 49.87% 50.38%
Operating Expenses $239.0M $218.0M
YoY Change 9.63% 23.16%
Operating Profit $470.0M $340.0M
YoY Change 38.24% -2.02%
Interest Expense -$112.0M -$113.0M
YoY Change -0.88% -14.39%
% of Operating Profit -23.83% -33.24%
Other Income/Expense, Net $1.000M $2.000M
YoY Change -50.0% 0.0%
Pretax Income $359.0M $229.0M
YoY Change 56.77% 5.53%
Income Tax $89.00M $88.00M
% Of Pretax Income 24.79% 38.43%
Net Earnings $270.0M $141.0M
YoY Change 91.49% 5.22%
Net Earnings / Revenue 14.28% 8.83%
Basic Earnings Per Share $3.22 $1.67
Diluted Earnings Per Share $3.20 $1.65
COMMON SHARES
Basic Shares Outstanding 83.46M shares 84.64M shares
Diluted Shares Outstanding 84.20M shares 85.41M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.0M $338.0M
YoY Change -65.38% 27.55%
Cash & Equivalents $117.0M $338.0M
Short-Term Investments
Other Short-Term Assets $92.00M $77.00M
YoY Change 19.48% 26.23%
Inventory $94.00M $78.00M
Prepaid Expenses
Receivables $1.203B $990.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.506B $1.483B
YoY Change 1.55% 17.33%
LONG-TERM ASSETS
Property, Plant & Equipment $480.0M $7.525B
YoY Change -93.62% 11.28%
Goodwill $4.096B $3.468B
YoY Change 18.11% 6.41%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00M $10.00M
YoY Change 50.0% 0.0%
Total Long-Term Assets $13.60B $11.80B
YoY Change 15.26% 8.7%
TOTAL ASSETS
Total Short-Term Assets $1.506B $1.483B
Total Long-Term Assets $13.60B $11.80B
Total Assets $15.11B $13.28B
YoY Change 13.73% 9.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $859.0M $692.0M
YoY Change 24.13% 13.63%
Accrued Expenses $470.0M $408.0M
YoY Change 15.2% 26.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0M $644.0M
YoY Change 39.75% 11.81%
Total Short-Term Liabilities $2.229B $1.744B
YoY Change 27.81% 15.65%
LONG-TERM LIABILITIES
Long-Term Debt $8.086B $7.571B
YoY Change 6.8% 4.21%
Other Long-Term Liabilities $120.0M $69.00M
YoY Change 73.91% 25.45%
Total Long-Term Liabilities $120.0M $69.00M
YoY Change 73.91% 25.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.229B $1.744B
Total Long-Term Liabilities $120.0M $69.00M
Total Liabilities $11.94B $11.34B
YoY Change 5.36% 6.76%
SHAREHOLDERS EQUITY
Retained Earnings $3.458B $1.909B
YoY Change 81.14% 45.28%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.450B $2.077B
YoY Change 17.96% 10.19%
Treasury Stock Shares 29.97M shares 27.76M shares
Shareholders Equity $3.164B $1.948B
YoY Change
Total Liabilities & Shareholders Equity $15.11B $13.28B
YoY Change 13.73% 9.6%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $270.0M $141.0M
YoY Change 91.49% 5.22%
Depreciation, Depletion And Amortization $390.0M $330.0M
YoY Change 18.18% 7.84%
Cash From Operating Activities $1.007B $706.0M
YoY Change 42.63% 9.8%
INVESTING ACTIVITIES
Capital Expenditures -$993.0M -$727.0M
YoY Change 36.59% 13.42%
Acquisitions
YoY Change
Other Investing Activities $166.0M -$823.0M
YoY Change -120.17% -705.15%
Cash From Investing Activities -$827.0M -$1.550B
YoY Change -46.65% 206.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -338.0M 836.0M
YoY Change -140.43% -1018.68%
NET CHANGE
Cash From Operating Activities 1.007B 706.0M
Cash From Investing Activities -827.0M -1.550B
Cash From Financing Activities -338.0M 836.0M
Net Change In Cash -158.0M -8.000M
YoY Change 1875.0% -117.02%
FREE CASH FLOW
Cash From Operating Activities $1.007B $706.0M
Capital Expenditures -$993.0M -$727.0M
Free Cash Flow $2.000B $1.433B
YoY Change 39.57% 11.6%

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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Insurance Settlement Investing Activities
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us-gaap Provision For Doubtful Accounts
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CY2017Q4 us-gaap Treasury Stock Shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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83854000 shares

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