$WW
WW INTERNATIONAL, INC.

2018 Q2 Form 10-Q Financial Statement

#000156459018019632 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2
Revenue $409.7M
YoY Change 24.52%
Cost Of Revenue $165.0M
YoY Change -0.01%
Gross Profit $244.8M
YoY Change 49.18%
Gross Profit Margin 59.74%
Selling, General & Admin $117.1M
YoY Change 146.86%
% of Gross Profit 47.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.83M
YoY Change -10.59%
% of Gross Profit 5.24%
Operating Expenses $117.0M
YoY Change 146.65%
Operating Profit $127.7M
YoY Change 322.41%
Interest Expense -$35.90M
YoY Change 27.76%
% of Operating Profit -28.11%
Other Income/Expense, Net -$1.333M
YoY Change 108.28%
Pretax Income $90.50M
YoY Change 6137.08%
Income Tax $19.83M
% Of Pretax Income 21.91%
Net Earnings $70.72M
YoY Change 563.85%
Net Earnings / Revenue 17.26%
Basic Earnings Per Share $1.07
Diluted Earnings Per Share $1.01
COMMON SHARES
Basic Shares Outstanding 66.40M
Diluted Shares Outstanding 70.15M

Balance Sheet

Concept 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.8M
YoY Change 24.11%
Cash & Equivalents $167.8M
Short-Term Investments
Other Short-Term Assets $77.70M
YoY Change 1.57%
Inventory $18.60M
Prepaid Expenses
Receivables $27.40M
Other Receivables $0.00
Total Short-Term Assets $291.5M
YoY Change 9.32%
LONG-TERM ASSETS
Property, Plant & Equipment $48.10M
YoY Change 0.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.40M
YoY Change 180.87%
Total Long-Term Assets $1.045B
YoY Change 1.04%
TOTAL ASSETS
Total Short-Term Assets $291.5M
Total Long-Term Assets $1.045B
Total Assets $1.337B
YoY Change 2.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.00M
YoY Change -44.17%
Accrued Expenses $154.3M
YoY Change 31.43%
Deferred Revenue $83.88M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $118.5M
YoY Change 464.29%
Total Short-Term Liabilities $379.6M
YoY Change 26.57%
LONG-TERM LIABILITIES
Long-Term Debt $1.645B
YoY Change -16.84%
Other Long-Term Liabilities $31.20M
YoY Change 27.06%
Total Long-Term Liabilities $1.676B
YoY Change -16.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $379.6M
Total Long-Term Liabilities $1.676B
Total Liabilities $2.264B
YoY Change -8.96%
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 -$927.0M
YoY Change
Total Liabilities & Shareholders Equity $1.337B
YoY Change 2.73%

Cashflow Statement

Concept 2018 Q2
OPERATING ACTIVITIES
Net Income $70.72M
YoY Change 563.85%
Depreciation, Depletion And Amortization $12.83M
YoY Change -10.59%
Cash From Operating Activities $95.10M
YoY Change 124.82%
INVESTING ACTIVITIES
Capital Expenditures -$13.20M
YoY Change -486.98%
Acquisitions
YoY Change
Other Investing Activities -$9.700M
YoY Change -323433.33%
Cash From Investing Activities -$22.80M
YoY Change 117.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.70M
YoY Change 239.66%
NET CHANGE
Cash From Operating Activities 95.10M
Cash From Investing Activities -22.80M
Cash From Financing Activities -19.70M
Net Change In Cash 52.60M
YoY Change 102.31%
FREE CASH FLOW
Cash From Operating Activities $95.10M
Capital Expenditures -$13.20M
Free Cash Flow $108.3M
YoY Change 178.48%

Facts In Submission

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CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.004
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
-0.016
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
-0.160
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.001
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.011
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.004
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.022
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.045
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.008
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.189
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.008
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.002
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.003
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2018Q2 wtw Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowances Net Operating Loss
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowancesNetOperatingLoss
0.001
CY2017Q3 wtw Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowances Net Operating Loss
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowancesNetOperatingLoss
0.001
wtw Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowances Net Operating Loss
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowancesNetOperatingLoss
0.004
wtw Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowances Net Operating Loss
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowancesNetOperatingLoss
0.012
CY2018Q2 wtw Effective Income Tax Rate Reconciliation Impact Of Foreign Operations
EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations
0.023
CY2017Q3 wtw Effective Income Tax Rate Reconciliation Impact Of Foreign Operations
EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations
0.004
wtw Effective Income Tax Rate Reconciliation Impact Of Foreign Operations
EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations
0.023
wtw Effective Income Tax Rate Reconciliation Impact Of Foreign Operations
EffectiveIncomeTaxRateReconciliationImpactOfForeignOperations
0.007
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.007
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.007
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.008
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.013
us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P6Y
CY2018Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
675000
CY2018Q2 wtw Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next Twelve Months Before Tax
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNextTwelveMonthsBeforeTax
905000
CY2018Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2017Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2018Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2017Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2018Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2017Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2018Q2 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2017Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1840000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1942000
wtw Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect
-2485000
wtw Other Comprehensive Income Loss After Reclassification Of Tax Effect Net Of Tax
OtherComprehensiveIncomeLossAfterReclassificationOfTaxEffectNetOfTax
1297000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-373000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-23000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-6372000
wtw Other Comprehensive Income Loss After Reclassification Of Tax Effect Net Of Tax
OtherComprehensiveIncomeLossAfterReclassificationOfTaxEffectNetOfTax
6349000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-41000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2018Q2 us-gaap Revenues
Revenues
409747000
CY2017Q3 us-gaap Revenues
Revenues
341673000
us-gaap Revenues
Revenues
817970000
us-gaap Revenues
Revenues
670736000
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12828000
CY2017Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14068000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25896000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28415000

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