2018 Q2 Form 10-K Financial Statement
#000010714018000021 Filed on June 29, 2018
Income Statement
| Concept | 2018 Q2 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| Revenue | $477.3M | $452.2M | $436.5M |
| YoY Change | 5.55% | 4.12% | 0.02% |
| Cost Of Revenue | $136.6M | $159.3M | $116.4M |
| YoY Change | -14.25% | 45.88% | -3.16% |
| Gross Profit | $340.7M | $292.9M | $320.1M |
| YoY Change | 16.32% | -9.9% | 1.23% |
| Gross Profit Margin | 71.38% | 64.77% | 73.33% |
| Selling, General & Admin | $240.7M | $213.3M | $247.3M |
| YoY Change | 12.85% | -18.43% | -1.36% |
| % of Gross Profit | 70.65% | 72.82% | 77.26% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $28.00M | $28.60M | $28.90M |
| YoY Change | -2.1% | 1.78% | -4.3% |
| % of Gross Profit | 8.22% | 9.76% | 9.03% |
| Operating Expenses | $252.9M | $225.7M | $259.8M |
| YoY Change | 12.05% | -17.63% | -1.18% |
| Operating Profit | $87.80M | $67.20M | $60.30M |
| YoY Change | 30.65% | 31.51% | 13.13% |
| Interest Expense | -$2.600M | -$10.30M | -$2.200M |
| YoY Change | -74.76% | 139.53% | -8.33% |
| % of Operating Profit | -2.96% | -15.33% | -3.65% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $70.10M | $58.40M | $49.00M |
| YoY Change | 20.03% | 49.74% | 31.72% |
| Income Tax | $16.00M | $11.70M | $1.600M |
| % Of Pretax Income | 22.82% | 20.03% | 3.27% |
| Net Earnings | $54.10M | $46.70M | $47.40M |
| YoY Change | 15.85% | 36.55% | 33.52% |
| Net Earnings / Revenue | 11.33% | 10.33% | 10.86% |
| Basic Earnings Per Share | $0.95 | $0.82 | $0.83 |
| Diluted Earnings Per Share | $0.93 | $0.81 | $0.82 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q2 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $169.8M | $58.50M | $482.3M |
| YoY Change | 190.26% | -83.92% | -10.0% |
| Cash & Equivalents | $169.8M | $58.52M | $482.3M |
| Short-Term Investments | |||
| Other Short-Term Assets | $58.30M | $64.70M | $124.1M |
| YoY Change | -9.89% | -20.61% | 73.57% |
| Inventory | $39.50M | $47.90M | $49.20M |
| Prepaid Expenses | |||
| Receivables | $212.4M | $188.7M | $220.8M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $480.0M | $359.7M | $876.5M |
| YoY Change | 33.44% | -46.37% | -2.27% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $289.9M | $686.4M | $241.4M |
| YoY Change | -57.76% | -9.05% | 16.34% |
| Goodwill | $1.020B | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $85.80M | -$349.4M | $79.20M |
| YoY Change | -124.56% | -13.75% | -36.64% |
| Total Long-Term Assets | $2.359B | $2.247B | $2.227B |
| YoY Change | 5.03% | -0.17% | 0.41% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $480.0M | $359.7M | $876.5M |
| Total Long-Term Assets | $2.359B | $2.247B | $2.227B |
| Total Assets | $2.839B | $2.606B | $3.103B |
| YoY Change | 8.95% | -10.78% | -0.37% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $90.10M | $139.2M | $210.9M |
| YoY Change | -35.27% | -16.25% | 2.53% |
| Accrued Expenses | $283.9M | $190.2M | $166.8M |
| YoY Change | 49.26% | 5.9% | 7.2% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $874.3M | $787.9M | $790.0M |
| YoY Change | 10.97% | 0.78% | -4.46% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $360.0M | $365.0M | $865.7M |
| YoY Change | -1.37% | -39.67% | 6.26% |
| Other Long-Term Liabilities | $271.1M | $289.7M | $253.3M |
| YoY Change | -6.42% | -5.73% | -4.2% |
| Total Long-Term Liabilities | $631.1M | $654.7M | $1.119B |
| YoY Change | -3.6% | -28.24% | 3.7% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $874.3M | $787.9M | $790.0M |
| Total Long-Term Liabilities | $631.1M | $654.7M | $1.119B |
| Total Liabilities | $1.649B | $1.603B | $2.092B |
| YoY Change | 2.86% | -14.91% | -0.32% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.191B | $1.003B | $1.012B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.840B | $2.606B | $3.103B |
| YoY Change | 8.95% | -10.78% | -0.37% |
Cashflow Statement
| Concept | 2018 Q2 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $54.10M | $46.70M | $47.40M |
| YoY Change | 15.85% | 36.55% | 33.52% |
| Depreciation, Depletion And Amortization | $28.00M | $28.60M | $28.90M |
| YoY Change | -2.1% | 1.78% | -4.3% |
| Cash From Operating Activities | $191.6M | $85.70M | $315.3M |
| YoY Change | 123.57% | -63.28% | 29.7% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $35.20M | $22.80M | $29.60M |
| YoY Change | 54.39% | -7.69% | 29.82% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$7.500M | $41.50M | -$27.10M |
| YoY Change | -118.07% | -473.87% | 173.74% |
| Cash From Investing Activities | -$42.80M | $18.70M | -$56.60M |
| YoY Change | -328.88% | -152.23% | 73.09% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -101.0M | -525.7M | -52.30M |
| YoY Change | -80.79% | 36.26% | -231.74% |
| NET CHANGE | |||
| Cash From Operating Activities | 191.6M | 85.70M | 315.3M |
| Cash From Investing Activities | -42.80M | 18.70M | -56.60M |
| Cash From Financing Activities | -101.0M | -525.7M | -52.30M |
| Net Change In Cash | 47.80M | -421.3M | 206.4M |
| YoY Change | -111.35% | 123.86% | -17.47% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $191.6M | $85.70M | $315.3M |
| Capital Expenditures | $35.20M | $22.80M | $29.60M |
| Free Cash Flow | $156.4M | $62.90M | $285.7M |
| YoY Change | 148.65% | -69.86% | 29.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.81 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.16 | |
| CY2017Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.04 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.20 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.82 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.16 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.54 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.20 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.83 | |
| CY2017Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.06 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.21 | |
| CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.95 |
