2019 Q4 Form 10-Q Financial Statement

#000152447219000055 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $1.371B $1.296B $1.386B
YoY Change -1.08% 0.7% 8.54%
Cost Of Revenue $834.0M $787.0M $844.0M
YoY Change -1.18% 0.64% 9.33%
Gross Profit $537.0M $509.0M $542.0M
YoY Change -0.92% 0.79% 6.9%
Gross Profit Margin 39.17% 39.27% 39.11%
Selling, General & Admin $288.0M $273.0M $293.0M
YoY Change -1.71% -2.15% 5.78%
% of Gross Profit 53.63% 53.63% 54.06%
Research & Development $49.00M $44.00M $52.00M
YoY Change -5.77% -4.35% 4.0%
% of Gross Profit 9.12% 8.64% 9.59%
Depreciation & Amortization $65.00M $65.00M $66.00M
YoY Change -1.52% 3.17% 10.0%
% of Gross Profit 12.1% 12.77% 12.18%
Operating Expenses $337.0M $317.0M $345.0M
YoY Change -2.32% -2.46% 5.5%
Operating Profit $195.0M $11.00M $194.0M
YoY Change 0.52% -93.75% 9.6%
Interest Expense -$15.00M $16.00M -$19.00M
YoY Change -21.05% -23.81% -5.0%
% of Operating Profit -7.69% 145.45% -9.79%
Other Income/Expense, Net -$2.000M -$7.000M $4.000M
YoY Change -150.0% -275.0% 33.33%
Pretax Income $178.0M -$12.00M $179.0M
YoY Change -0.56% -107.45% 24.31%
Income Tax $60.00M -$77.00M -$53.50M
% Of Pretax Income 33.71% -29.89%
Net Earnings $118.0M $65.00M $225.0M
YoY Change -47.56% -50.0% 216.9%
Net Earnings / Revenue 8.61% 5.02% 16.23%
Basic Earnings Per Share $0.66 $0.36 $1.25
Diluted Earnings Per Share $0.65 $0.36 $1.24
COMMON SHARES
Basic Shares Outstanding 180.1M shares 180.1M shares 179.7M shares
Diluted Shares Outstanding 181.2M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $724.0M $453.0M $296.0M
YoY Change 144.59% 12.13% -28.5%
Cash & Equivalents $724.0M $453.0M $296.0M
Short-Term Investments $0.00
Other Short-Term Assets $151.0M $152.0M $172.0M
YoY Change -12.21% -5.59% -2.82%
Inventory $539.0M $580.0M $595.0M
Prepaid Expenses
Receivables $1.036B $1.078B $1.031B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.450B $2.263B $2.094B
YoY Change 17.0% 2.68% 1.11%
LONG-TERM ASSETS
Property, Plant & Equipment $658.0M $641.0M $656.0M
YoY Change 0.3% 0.79% 2.02%
Goodwill $2.839B $2.811B $2.976B
YoY Change -4.6% -6.55% 7.51%
Intangibles $1.174B $1.180B $1.232B
YoY Change -4.71% -6.27% 5.48%
Long-Term Investments
YoY Change
Other Assets $589.0M $620.0M $264.0M
YoY Change 123.11% 183.11% 25.71%
Total Long-Term Assets $5.260B $5.252B $5.128B
YoY Change 2.57% 2.54% 7.08%
TOTAL ASSETS
Total Short-Term Assets $2.450B $2.263B $2.094B
Total Long-Term Assets $5.260B $5.252B $5.128B
Total Assets $7.710B $7.515B $7.222B
YoY Change 6.76% 2.58% 5.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $597.0M $521.0M $586.0M
YoY Change 1.88% -8.6% 6.74%
Accrued Expenses $628.0M $634.0M $546.0M
YoY Change 15.02% 11.03% -0.91%
Deferred Revenue
YoY Change
Short-Term Debt $276.0M $0.00 $257.0M
YoY Change 7.39%
Long-Term Debt Due $276.0M $306.0M $257.0M
YoY Change 7.39% -10.53%
Total Short-Term Liabilities $1.501B $1.461B $1.389B
YoY Change 8.06% -1.48% 26.27%
LONG-TERM LIABILITIES
Long-Term Debt $2.040B $2.030B $2.051B
YoY Change -0.54% -7.26% -6.77%
Other Long-Term Liabilities $892.0M $819.0M $697.0M
YoY Change 27.98% 10.83% -11.66%
Total Long-Term Liabilities $2.040B $2.030B $2.051B
YoY Change -0.54% -7.26% -6.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.501B $1.461B $1.389B
Total Long-Term Liabilities $2.040B $2.030B $2.051B
Total Liabilities $4.743B $4.620B $4.440B
YoY Change 6.82% -1.6% 2.28%
SHAREHOLDERS EQUITY
Retained Earnings $1.866B $1.791B $1.639B
YoY Change 13.85% 23.35% 33.58%
Common Stock $1.993B $1.985B $1.952B
YoY Change 2.1% 2.11% 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $527.0M $526.0M $487.0M
YoY Change 8.21% 8.23% 13.79%
Treasury Stock Shares 13.70M shares 13.70M shares 13.20M shares
Shareholders Equity $2.957B $2.886B $2.768B
YoY Change
Total Liabilities & Shareholders Equity $7.710B $7.515B $7.222B
YoY Change 6.76% 2.58% 5.28%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $118.0M $65.00M $225.0M
YoY Change -47.56% -50.0% 216.9%
Depreciation, Depletion And Amortization $65.00M $65.00M $66.00M
YoY Change -1.52% 3.17% 10.0%
Cash From Operating Activities $388.0M $245.0M $198.0M
YoY Change 95.96% 31.02% -35.5%
INVESTING ACTIVITIES
Capital Expenditures -$51.00M -$46.00M -$66.00M
YoY Change -22.73% -23.33% 29.41%
Acquisitions $0.00
YoY Change
Other Investing Activities $5.000M $7.000M $2.000M
YoY Change 150.0% -61.11% -125.0%
Cash From Investing Activities -$46.00M -$39.00M -$64.00M
YoY Change -28.13% -7.14% 8.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.00M -124.0M -235.0M
YoY Change -66.81% 117.54% 92.62%
NET CHANGE
Cash From Operating Activities 388.0M 245.0M 198.0M
Cash From Investing Activities -46.00M -39.00M -64.00M
Cash From Financing Activities -78.00M -124.0M -235.0M
Net Change In Cash 264.0M 82.00M -101.0M
YoY Change -361.39% -6.82% -180.16%
FREE CASH FLOW
Cash From Operating Activities $388.0M $245.0M $198.0M
Capital Expenditures -$51.00M -$46.00M -$66.00M
Free Cash Flow $439.0M $291.0M $264.0M
YoY Change 66.29% 17.81% -26.26%

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