2019 Q1 Form 10-Q Financial Statement

#000161764019000015 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $454.1M $299.9M
YoY Change 51.43% 22.01%
Cost Of Revenue $151.3M $23.92M
YoY Change 532.75% 18.22%
Gross Profit $302.8M $276.0M
YoY Change 9.71% 22.35%
Gross Profit Margin 66.67% 92.02%
Selling, General & Admin $257.4M $193.4M
YoY Change 33.1% 27.71%
% of Gross Profit 85.01% 70.07%
Research & Development $107.8M $93.93M
YoY Change 14.73% 28.91%
% of Gross Profit 35.6% 34.04%
Depreciation & Amortization $20.53M $26.91M
YoY Change -23.72% -0.84%
% of Gross Profit 6.78% 9.75%
Operating Expenses $365.1M $287.3M
YoY Change 27.09% 28.1%
Operating Profit -$62.73M -$11.36M
YoY Change 451.98% -1076.29%
Interest Expense -$16.50M -$7.100M
YoY Change 132.39% 5.97%
% of Operating Profit
Other Income/Expense, Net $9.200M $2.400M
YoY Change 283.33% 140.0%
Pretax Income -$70.03M -$15.99M
YoY Change 337.9% 247.18%
Income Tax -$2.500M $2.600M
% Of Pretax Income
Net Earnings -$67.53M -$18.59M
YoY Change 263.21% 303.63%
Net Earnings / Revenue -14.87% -6.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$330.1K -$97.13K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.517B $823.0M
YoY Change 84.39% 47.21%
Cash & Equivalents $736.5M $397.4M
Short-Term Investments $781.0M $425.6M
Other Short-Term Assets $96.90M $44.70M
YoY Change 116.78% 51.01%
Inventory $325.2M
Prepaid Expenses
Receivables $66.10M $54.56M
Other Receivables $29.50M $0.00
Total Short-Term Assets $2.040B $922.2M
YoY Change 121.15% 46.28%
LONG-TERM ASSETS
Property, Plant & Equipment $142.1M $114.8M
YoY Change 23.79% 20.94%
Goodwill $1.985B $1.931B
YoY Change 2.79% 0.19%
Intangibles $207.9M $307.9M
YoY Change -32.47% -41.43%
Long-Term Investments
YoY Change
Other Assets $16.76M $25.60M
YoY Change -34.52% 47.1%
Total Long-Term Assets $2.500B $2.422B
YoY Change 3.22% -5.64%
TOTAL ASSETS
Total Short-Term Assets $2.040B $922.2M
Total Long-Term Assets $2.500B $2.422B
Total Assets $4.540B $3.344B
YoY Change 35.75% 4.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.708M $5.194M
YoY Change 48.4% 24.95%
Accrued Expenses $63.21M $55.03M
YoY Change 14.86% 25.82%
Deferred Revenue $36.11M $35.30M
YoY Change 2.29%
Short-Term Debt $274.0M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $430.9M $120.7M
YoY Change 257.01% 12.99%
LONG-TERM LIABILITIES
Long-Term Debt $707.9M $389.6M
YoY Change 81.68% 4.81%
Other Long-Term Liabilities $102.4M $18.20M
YoY Change 462.64% 18.18%
Total Long-Term Liabilities $707.9M $389.6M
YoY Change 81.68% 4.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $430.9M $120.7M
Total Long-Term Liabilities $707.9M $389.6M
Total Liabilities $1.256B $575.7M
YoY Change 118.25% -8.34%
SHAREHOLDERS EQUITY
Retained Earnings -$739.3M -$570.5M
YoY Change 29.59% 13.55%
Common Stock $4.022B $3.340B
YoY Change 20.41% 8.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.283B $2.768B
YoY Change
Total Liabilities & Shareholders Equity $4.540B $3.344B
YoY Change 35.75% 4.6%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$67.53M -$18.59M
YoY Change 263.21% 303.63%
Depreciation, Depletion And Amortization $20.53M $26.91M
YoY Change -23.72% -0.84%
Cash From Operating Activities -$145.5M $24.65M
YoY Change -690.27% -63.18%
INVESTING ACTIVITIES
Capital Expenditures $14.20M $15.79M
YoY Change -10.06% 11.49%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $125.8M -$15.30M
YoY Change -922.22% -62.03%
Cash From Investing Activities $108.3M -$32.23M
YoY Change -436.01% -46.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $137.9M $52.88M
YoY Change 160.73% 391.02%
NET CHANGE
Cash From Operating Activities -$145.5M $24.65M
Cash From Investing Activities $108.3M -$32.23M
Cash From Financing Activities $137.9M $52.88M
Net Change In Cash $100.7M $45.30M
YoY Change 122.22% 152.61%
FREE CASH FLOW
Cash From Operating Activities -$145.5M $24.65M
Capital Expenditures $14.20M $15.79M
Free Cash Flow -$159.7M $8.861M
YoY Change -1902.46% -83.22%

Facts In Submission

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Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. On an ongoing basis, we evaluate our estimates, including those related to the net realizable value of inventory, amortization period and recoverability of contract cost assets, website and software development costs, recoverability of long-lived assets and intangible assets with definite lives, share-based compensation, income taxes, business combinations, and the recoverability of goodwill and indefinite-lived intangible assets, among others. To the extent there are material differences between these estimates, judgments, or assumptions and actual results, our financial statements will be affected.
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315549000 USD
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11304000 USD
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28550000 USD
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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24565000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2019Q1 us-gaap Operating Lease Liability
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121966000 USD
CY2019Q1 z Lessee Operating Lease Lease Notyet Commenced Lease Payments
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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38060000 USD
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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39.97
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101912000 USD
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8900000 USD
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1.25
CY2019Q1 z Self Insurance Plan Individual Medical Claim Limit
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CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-15991000 USD

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