2020 Q1 Form 10-Q Financial Statement

#000111133520000016 Filed on April 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $643.0M $737.0M
YoY Change -12.75% -9.46%
Cost Of Revenue $590.0M $671.0M
YoY Change -12.07% -2.04%
Gross Profit $53.00M $66.00M
YoY Change -19.7% -48.84%
Gross Profit Margin 8.24% 8.96%
Selling, General & Admin $54.00M $57.00M
YoY Change -5.26% 29.55%
% of Gross Profit 101.89% 86.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.00M $25.00M
YoY Change 0.0% 13.64%
% of Gross Profit 47.17% 37.88%
Operating Expenses $54.00M $57.00M
YoY Change -5.26% 29.55%
Operating Profit -$1.000M $9.000M
YoY Change -111.11% -89.41%
Interest Expense $3.000M $3.000M
YoY Change 0.0% -25.0%
% of Operating Profit 33.33%
Other Income/Expense, Net $4.000M $2.000M
YoY Change 100.0% -71.43%
Pretax Income -$31.00M $11.00M
YoY Change -381.82% -87.5%
Income Tax $5.000M -$5.000M
% Of Pretax Income -45.45%
Net Earnings -$35.00M $14.00M
YoY Change -350.0% -78.46%
Net Earnings / Revenue -5.44% 1.9%
Basic Earnings Per Share -$1.25 $0.50
Diluted Earnings Per Share -$1.25 $0.49
COMMON SHARES
Basic Shares Outstanding 27.90M shares 28.20M shares
Diluted Shares Outstanding 27.90M shares 28.40M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $822.0M $432.0M
YoY Change 90.28% -17.4%
Cash & Equivalents $822.0M $432.0M
Short-Term Investments
Other Short-Term Assets $177.0M $190.0M
YoY Change -6.84% -2.06%
Inventory $180.0M $195.0M
Prepaid Expenses $30.00M $24.00M
Receivables $401.0M $484.0M
Other Receivables $109.0M $94.00M
Total Short-Term Assets $1.583B $1.283B
YoY Change 23.38% -9.46%
LONG-TERM ASSETS
Property, Plant & Equipment $420.0M $406.0M
YoY Change 3.45% 4.37%
Goodwill $0.00
YoY Change
Intangibles $81.00M $79.00M
YoY Change 2.53%
Long-Term Investments $48.00M $45.00M
YoY Change 6.67% 0.0%
Other Assets $150.0M $157.0M
YoY Change -4.46% -2.48%
Total Long-Term Assets $905.0M $899.0M
YoY Change 0.67% 23.49%
TOTAL ASSETS
Total Short-Term Assets $1.583B $1.283B
Total Long-Term Assets $905.0M $899.0M
Total Assets $2.488B $2.182B
YoY Change 14.02% 1.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $442.0M $440.0M
YoY Change 0.45% -10.75%
Accrued Expenses $101.0M $103.0M
YoY Change -1.94% 19.77%
Deferred Revenue
YoY Change
Short-Term Debt $36.00M $56.00M
YoY Change -35.71% 60.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $729.0M $739.0M
YoY Change -1.35% -6.1%
LONG-TERM LIABILITIES
Long-Term Debt $748.0M $348.0M
YoY Change 114.94% 0.29%
Other Long-Term Liabilities $59.00M $69.00M
YoY Change -14.49% -30.3%
Total Long-Term Liabilities $807.0M $417.0M
YoY Change 93.53% -6.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $729.0M $739.0M
Total Long-Term Liabilities $807.0M $417.0M
Total Liabilities $1.536B $1.156B
YoY Change 32.87% -6.24%
SHAREHOLDERS EQUITY
Retained Earnings $1.644B $1.623B
YoY Change 1.29% 7.48%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.284B $2.257B
YoY Change 1.2% 5.52%
Treasury Stock Shares
Shareholders Equity $394.0M $487.0M
YoY Change
Total Liabilities & Shareholders Equity $2.488B $2.182B
YoY Change 14.02% 1.72%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$35.00M $14.00M
YoY Change -350.0% -78.46%
Depreciation, Depletion And Amortization $25.00M $25.00M
YoY Change 0.0% 13.64%
Cash From Operating Activities $25.00M $4.000M
YoY Change 525.0% -95.06%
INVESTING ACTIVITIES
Capital Expenditures -$44.00M -$37.00M
YoY Change 18.92% -15.91%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$1.000M
YoY Change 0.0% 0.0%
Cash From Investing Activities -$41.00M -$34.00M
YoY Change 20.59% -17.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.00M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $377.0M -$2.000M
YoY Change -18950.0% -99.13%
NET CHANGE
Cash From Operating Activities $25.00M $4.000M
Cash From Investing Activities -$41.00M -$34.00M
Cash From Financing Activities $377.0M -$2.000M
Net Change In Cash $356.0M -$32.00M
YoY Change -1212.5% -83.16%
FREE CASH FLOW
Cash From Operating Activities $25.00M $4.000M
Capital Expenditures -$44.00M -$37.00M
Free Cash Flow $69.00M $41.00M
YoY Change 68.29% -67.2%

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