2018 Q4 Form 10-Q Financial Statement

#000106770118000031 Filed on October 17, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $2.306B $2.116B $1.766B
YoY Change 19.98% 19.82% 17.11%
Cost Of Revenue $1.308B $1.178B $993.0M
YoY Change 19.45% 18.63% 16.55%
Gross Profit $998.0M $938.0M $773.0M
YoY Change 20.68% 21.35% 17.84%
Gross Profit Margin 43.28% 44.33% 43.77%
Selling, General & Admin $302.0M $265.0M $237.0M
YoY Change 18.43% 11.81% 32.4%
% of Gross Profit 30.26% 28.25% 30.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $470.0M $418.0M $353.0M
YoY Change 20.51% 18.41% 13.5%
% of Gross Profit 47.09% 44.56% 45.67%
Operating Expenses $397.0M $265.0M $237.0M
YoY Change 22.15% 11.81% 32.4%
Operating Profit $563.0M $578.0M $448.0M
YoY Change 21.86% 29.02% 8.74%
Interest Expense -$142.0M -$118.0M -$131.0M
YoY Change 12.7% -9.92% 19.09%
% of Operating Profit -25.22% -20.42% -29.24%
Other Income/Expense, Net $4.000M $0.00 $5.000M
YoY Change -100.0% 400.0%
Pretax Income $425.0M $460.0M $322.0M
YoY Change 26.49% 42.86% 6.27%
Income Tax $109.0M $127.0M $123.0M
% Of Pretax Income 25.65% 27.61% 38.2%
Net Earnings $310.0M $333.0M $199.0M
YoY Change -65.44% 67.34% 6.42%
Net Earnings / Revenue 13.44% 15.74% 11.27%
Basic Earnings Per Share $3.84 $4.05 $2.36
Diluted Earnings Per Share $3.80 $4.01 $2.33
COMMON SHARES
Basic Shares Outstanding 81.10M shares 82.34M shares 84.66M shares
Diluted Shares Outstanding 83.17M shares 85.59M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.00M $65.00M $324.0M
YoY Change -87.78% -79.94% 9.09%
Cash & Equivalents $43.00M $65.00M $324.0M
Short-Term Investments
Other Short-Term Assets $64.00M $85.00M $82.00M
YoY Change -42.86% 3.66% 46.43%
Inventory $109.0M $104.0M $82.00M
Prepaid Expenses
Receivables $1.545B $1.438B $1.151B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.761B $1.692B $1.639B
YoY Change -0.62% 3.23% 21.05%
LONG-TERM ASSETS
Property, Plant & Equipment $614.0M $529.0M $451.0M
YoY Change 31.48% 17.29% -93.43%
Goodwill $5.058B $4.313B $3.493B
YoY Change 23.91% 23.48% 6.92%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.00M $15.00M $11.00M
YoY Change 60.0% 36.36% 10.0%
Total Long-Term Assets $16.37B $14.66B $12.11B
YoY Change 23.49% 21.12% 10.84%
TOTAL ASSETS
Total Short-Term Assets $1.761B $1.692B $1.639B
Total Long-Term Assets $16.37B $14.66B $12.11B
Total Assets $18.13B $16.35B $13.74B
YoY Change 20.65% 18.99% 11.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $536.0M $688.0M $612.0M
YoY Change 31.05% 12.42% 49.63%
Accrued Expenses $677.0M $503.0M $467.0M
YoY Change 26.31% 7.71% 16.17%
Deferred Revenue $56.00M
YoY Change 21.74%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $903.0M $896.0M $694.0M
YoY Change 24.9% 29.11% 13.96%
Total Short-Term Liabilities $2.116B $2.087B $1.773B
YoY Change 26.86% 17.71% 24.86%
LONG-TERM LIABILITIES
Long-Term Debt $10.84B $9.182B $7.677B
YoY Change 24.4% 19.6% 3.84%
Other Long-Term Liabilities $83.00M $123.0M $71.00M
YoY Change -30.83% 73.24% 18.33%
Total Long-Term Liabilities $83.00M $123.0M $71.00M
YoY Change -30.83% 73.24% 18.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.116B $2.087B $1.773B
Total Long-Term Liabilities $83.00M $123.0M $71.00M
Total Liabilities $14.73B $13.02B $11.53B
YoY Change 23.53% 12.89% 7.42%
SHAREHOLDERS EQUITY
Retained Earnings $4.101B $3.791B $2.108B
YoY Change 36.47% 79.84% 40.44%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.870B $2.660B $2.077B
YoY Change 36.34% 28.07% 1.96%
Treasury Stock Shares 33.03M shares 31.34M shares 27.76M shares
Shareholders Equity $3.403B $3.334B $2.211B
YoY Change
Total Liabilities & Shareholders Equity $18.13B $16.35B $13.74B
YoY Change 20.65% 18.99% 11.97%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $310.0M $333.0M $199.0M
YoY Change -65.44% 67.34% 6.42%
Depreciation, Depletion And Amortization $470.0M $418.0M $353.0M
YoY Change 20.51% 18.41% 13.5%
Cash From Operating Activities $730.0M $474.0M $427.0M
YoY Change 61.15% 11.01% 11.49%
INVESTING ACTIVITIES
Capital Expenditures -$195.0M -$790.0M -$604.0M
YoY Change -38.49% 30.79% 35.43%
Acquisitions
YoY Change
Other Investing Activities -$1.963B -$598.0M $46.00M
YoY Change 74.49% -1400.0% -55.34%
Cash From Investing Activities -$2.158B -$1.388B -$558.0M
YoY Change 49.65% 148.75% 62.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.404B 863.0M 107.0M
YoY Change 37.65% 706.54% -2240.0%
NET CHANGE
Cash From Operating Activities 730.0M 474.0M 427.0M
Cash From Investing Activities -2.158B -1.388B -558.0M
Cash From Financing Activities 1.404B 863.0M 107.0M
Net Change In Cash -24.00M -51.00M -24.00M
YoY Change -177.42% 112.5% -168.57%
FREE CASH FLOW
Cash From Operating Activities $730.0M $474.0M $427.0M
Capital Expenditures -$195.0M -$790.0M -$604.0M
Free Cash Flow $925.0M $1.264B $1.031B
YoY Change 20.13% 22.6% 24.37%

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