2021 Q2 Form 10-Q Financial Statement

#000152447221000027 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $1.351B $1.160B $1.123B
YoY Change 16.47% -13.75% -9.22%
Cost Of Revenue $831.0M $726.0M $714.0M
YoY Change 14.46% -11.36% -6.42%
Gross Profit $520.0M $434.0M $409.0M
YoY Change 19.82% -17.49% -13.71%
Gross Profit Margin 38.49% 37.41% 36.42%
Selling, General & Admin $304.0M $288.0M $297.0M
YoY Change 5.56% -2.04% -1.98%
% of Gross Profit 58.46% 66.36% 72.62%
Research & Development $53.00M $44.00M $49.00M
YoY Change 20.45% -6.38% -3.92%
% of Gross Profit 10.19% 10.14% 11.98%
Depreciation & Amortization $62.00M $62.00M $64.00M
YoY Change 0.0% -1.59% 0.0%
% of Gross Profit 11.92% 14.29% 15.65%
Operating Expenses $357.0M $332.0M $346.0M
YoY Change 7.53% -2.64% -2.26%
Operating Profit $160.0M $54.00M $61.00M
YoY Change 196.3% -68.42% -44.04%
Interest Expense $21.00M $18.00M $16.00M
YoY Change 16.67% 0.0% -11.11%
% of Operating Profit 13.13% 33.33% 26.23%
Other Income/Expense, Net -$3.000M -$1.000M -$3.000M
YoY Change 200.0% -133.33% -250.0%
Pretax Income $138.0M $35.00M $42.00M
YoY Change 294.29% -77.56% -55.32%
Income Tax $25.00M $4.000M $4.000M
% Of Pretax Income 18.12% 11.43% 9.52%
Net Earnings $113.0M $31.00M $38.00M
YoY Change 264.52% -77.7% -51.9%
Net Earnings / Revenue 8.36% 2.67% 3.38%
Basic Earnings Per Share $0.63 $0.17 $0.21
Diluted Earnings Per Share $0.62 $0.17 $0.21
COMMON SHARES
Basic Shares Outstanding 180.1M shares 180.0M shares 180.2M shares
Diluted Shares Outstanding 181.3M shares 180.6M shares 181.3M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.840B $1.577B $739.0M
YoY Change 16.68% 311.75% 168.73%
Cash & Equivalents $1.840B $1.577B $739.0M
Short-Term Investments
Other Short-Term Assets $166.0M $173.0M $175.0M
YoY Change -4.05% -1.14% 3.55%
Inventory $642.0M $595.0M $573.0M
Prepaid Expenses
Receivables $975.0M $956.0M $975.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.623B $3.301B $2.462B
YoY Change 9.75% 46.19% 18.31%
LONG-TERM ASSETS
Property, Plant & Equipment $626.0M $635.0M $628.0M
YoY Change -1.42% -3.93% -3.83%
Goodwill $2.841B $2.820B $2.790B
YoY Change 0.74% -5.97% -6.63%
Intangibles $1.058B $1.108B $1.141B
YoY Change -4.51% -8.51% -6.4%
Long-Term Investments
YoY Change
Other Assets $637.0M $580.0M $570.0M
YoY Change 9.83% 6.42% 8.16%
Total Long-Term Assets $5.162B $5.143B $5.129B
YoY Change 0.37% -5.04% -4.79%
TOTAL ASSETS
Total Short-Term Assets $3.623B $3.301B $2.462B
Total Long-Term Assets $5.162B $5.143B $5.129B
Total Assets $8.785B $8.444B $7.591B
YoY Change 4.04% 10.03% 1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $599.0M $498.0M $506.0M
YoY Change 20.28% -7.61% -7.66%
Accrued Expenses $760.0M $663.0M $619.0M
YoY Change 14.63% 11.24% 5.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0M $212.0M $459.0M
YoY Change 183.02% -47.26% 50.99%
Total Short-Term Liabilities $1.959B $1.373B $1.584B
YoY Change 42.68% -10.67% 9.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.466B $3.031B $2.031B
YoY Change -18.64% 47.78% -0.64%
Other Long-Term Liabilities $1.047B $871.0M $840.0M
YoY Change 20.21% -0.46% -2.67%
Total Long-Term Liabilities $2.466B $3.031B $2.031B
YoY Change -18.64% 47.78% -0.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.959B $1.373B $1.584B
Total Long-Term Liabilities $2.466B $3.031B $2.031B
Total Liabilities $5.736B $5.579B $4.770B
YoY Change 2.81% 17.01% 2.36%
SHAREHOLDERS EQUITY
Retained Earnings $2.029B $1.838B $1.854B
YoY Change 10.39% 3.84% 10.75%
Common Stock $2.065B $2.014B $2.006B
YoY Change 2.53% 1.87% 2.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $656.0M $587.0M $587.0M
YoY Change 11.75% 11.6% 11.6%
Treasury Stock Shares 15.20M shares 13.70M shares 13.70M shares
Shareholders Equity $3.040B $2.856B $2.812B
YoY Change
Total Liabilities & Shareholders Equity $8.785B $8.444B $7.591B
YoY Change 4.04% 10.03% 1.65%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $113.0M $31.00M $38.00M
YoY Change 264.52% -77.7% -51.9%
Depreciation, Depletion And Amortization $62.00M $62.00M $64.00M
YoY Change 0.0% -1.59% 0.0%
Cash From Operating Activities $232.0M $181.0M -$2.000M
YoY Change 28.18% 47.15% -102.41%
INVESTING ACTIVITIES
Capital Expenditures -$41.00M -$44.00M -$51.00M
YoY Change -6.82% -26.67% -26.09%
Acquisitions $0.00 $0.00
YoY Change -100.0% -100.0%
Other Investing Activities $3.000M $4.000M -$3.000M
YoY Change -25.0% -144.44% -200.0%
Cash From Investing Activities -$38.00M -$40.00M -$48.00M
YoY Change -5.0% -42.03% -37.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $60.00M
YoY Change 53.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.00M 687.0M $87.00M
YoY Change -106.84% 1172.22% -400.0%
NET CHANGE
Cash From Operating Activities 232.0M 181.0M -$2.000M
Cash From Investing Activities -38.00M -40.00M -$48.00M
Cash From Financing Activities -47.00M 687.0M $87.00M
Net Change In Cash 147.0M 828.0M $15.00M
YoY Change -82.25% 666.67% -171.43%
FREE CASH FLOW
Cash From Operating Activities $232.0M $181.0M -$2.000M
Capital Expenditures -$41.00M -$44.00M -$51.00M
Free Cash Flow $273.0M $225.0M $49.00M
YoY Change 21.33% 22.95% -67.76%

Facts In Submission

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