2019 Q1 Form 10-Q Financial Statement
#000010714019000011 Filed on March 08, 2019
Income Statement
| Concept | 2019 Q1 | 2018 Q1 |
|---|---|---|
| Revenue | $449.4M | $455.7M |
| YoY Change | -1.38% | 4.4% |
| Cost Of Revenue | $143.9M | $136.4M |
| YoY Change | 5.51% | 17.15% |
| Gross Profit | $305.5M | $319.3M |
| YoY Change | -4.32% | -0.25% |
| Gross Profit Margin | 67.98% | 70.07% |
| Selling, General & Admin | $240.7M | $239.5M |
| YoY Change | 0.51% | -3.15% |
| % of Gross Profit | 78.79% | 75.01% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $39.83M | $25.90M |
| YoY Change | 53.8% | -10.38% |
| % of Gross Profit | 13.04% | 8.11% |
| Operating Expenses | $240.7M | $239.5M |
| YoY Change | 0.49% | -7.8% |
| Operating Profit | $50.30M | $79.75M |
| YoY Change | -36.93% | 32.26% |
| Interest Expense | $5.346M | -$7.100M |
| YoY Change | -175.3% | 222.73% |
| % of Operating Profit | 10.63% | -8.9% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $45.22M | $58.30M |
| YoY Change | -22.44% | 18.98% |
| Income Tax | $10.28M | $14.40M |
| % Of Pretax Income | 22.72% | 24.7% |
| Net Earnings | $34.90M | $68.80M |
| YoY Change | -49.27% | 45.15% |
| Net Earnings / Revenue | 7.77% | 15.1% |
| Basic Earnings Per Share | $0.61 | $1.21 |
| Diluted Earnings Per Share | $0.61 | $1.19 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 57.16M | |
| Diluted Shares Outstanding | 57.63M |
Balance Sheet
| Concept | 2019 Q1 | 2018 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $132.8M | $128.2M |
| YoY Change | 3.59% | -73.42% |
| Cash & Equivalents | $132.8M | $128.2M |
| Short-Term Investments | ||
| Other Short-Term Assets | $68.70M | $64.00M |
| YoY Change | 7.34% | -48.43% |
| Inventory | $35.30M | $43.80M |
| Prepaid Expenses | ||
| Receivables | $194.8M | $239.6M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $431.4M | $475.7M |
| YoY Change | -9.31% | -45.73% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $286.2M | $273.6M |
| YoY Change | 4.61% | 13.34% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $93.30M | $90.30M |
| YoY Change | 3.32% | 14.02% |
| Total Long-Term Assets | $2.480B | $2.383B |
| YoY Change | 4.07% | 7.03% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $431.4M | $475.7M |
| Total Long-Term Assets | $2.480B | $2.383B |
| Total Assets | $2.912B | $2.859B |
| YoY Change | 1.85% | -7.87% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $85.10M | $204.6M |
| YoY Change | -58.41% | -2.99% |
| Accrued Expenses | $300.8M | $200.7M |
| YoY Change | 49.88% | 20.32% |
| Deferred Revenue | $271.5M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $678.3M | $833.0M |
| YoY Change | -18.57% | 5.44% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $633.5M | $428.2M |
| YoY Change | 47.94% | -50.54% |
| Other Long-Term Liabilities | $246.6M | $288.9M |
| YoY Change | -14.64% | 14.05% |
| Total Long-Term Liabilities | $880.1M | $717.1M |
| YoY Change | 22.73% | -35.92% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $678.3M | $833.0M |
| Total Long-Term Liabilities | $880.1M | $717.1M |
| Total Liabilities | $1.716B | $1.691B |
| YoY Change | 1.52% | -19.18% |
| 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 | $1.195B | $1.168B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.912B | $2.859B |
| YoY Change | 1.85% | -7.87% |
Cashflow Statement
| Concept | 2019 Q1 | 2018 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $34.90M | $68.80M |
| YoY Change | -49.27% | 45.15% |
| Depreciation, Depletion And Amortization | $39.83M | $25.90M |
| YoY Change | 53.8% | -10.38% |
| Cash From Operating Activities | $168.7M | $236.5M |
| YoY Change | -28.67% | -24.99% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $15.40M | $25.50M |
| YoY Change | -39.61% | -13.85% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$198.5M | -$31.70M |
| YoY Change | 526.18% | 16.97% |
| Cash From Investing Activities | -$213.9M | -$57.10M |
| YoY Change | 274.61% | 0.88% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 60.50M | -131.2M |
| YoY Change | -146.11% | 150.86% |
| NET CHANGE | ||
| Cash From Operating Activities | 168.7M | 236.5M |
| Cash From Investing Activities | -213.9M | -57.10M |
| Cash From Financing Activities | 60.50M | -131.2M |
| Net Change In Cash | 15.30M | 48.20M |
| YoY Change | -68.26% | -76.65% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $168.7M | $236.5M |
| Capital Expenditures | $15.40M | $25.50M |
| Free Cash Flow | $153.3M | $211.0M |
| YoY Change | -27.35% | -26.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
170257000 | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36867000 | ||
| CY2019Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
271541000 | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
404194000 | ||
| CY2018Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
136362000 | |
| CY2019Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
143879000 | |
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10015000 | ||
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-6359000 | ||
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
109139000 | ||
| CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
240715000 | |
| CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
239548000 | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
717348000 | ||
| us-gaap |
Operating Expenses
OperatingExpenses
|
703158000 | ||
| jwa |
Contribution To Profit Loss
ContributionToProfitLoss
|
294883000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
394444000 |
