2013 Form 10-K Financial Statement
#000156276214000032 Filed on February 28, 2014
Income Statement
| Concept | 2013 | 2012 | 2011 |
|---|---|---|---|
| Revenue | $513.4M | $353.6M | $230.4M |
| YoY Change | 45.19% | 53.47% | 44.09% |
| Cost Of Revenue | $245.8M | $172.4M | $121.4M |
| YoY Change | 42.58% | 42.01% | 41.33% |
| Gross Profit | $267.6M | $181.2M | $109.0M |
| YoY Change | 47.68% | 66.24% | 47.3% |
| Gross Profit Margin | 52.12% | 51.24% | 47.31% |
| Selling, General & Admin | $143.2M | $97.40M | $59.80M |
| YoY Change | 47.02% | 62.88% | 41.37% |
| % of Gross Profit | 53.51% | 53.75% | 54.86% |
| Research & Development | $43.50M | $23.20M | $14.30M |
| YoY Change | 87.5% | 62.24% | 33.64% |
| % of Gross Profit | 16.26% | 12.8% | 13.12% |
| Depreciation & Amortization | $30.44M | $21.23M | $11.09M |
| YoY Change | 43.38% | 91.43% | 47.47% |
| % of Gross Profit | 11.38% | 11.72% | 10.17% |
| Operating Expenses | $186.7M | $120.7M | $74.10M |
| YoY Change | 54.68% | 62.89% | 39.81% |
| Operating Profit | $80.90M | $60.50M | $34.90M |
| YoY Change | 33.72% | 73.35% | 66.19% |
| Interest Expense | -$2.200M | -$12.30M | -$2.000M |
| YoY Change | -82.11% | 515.0% | 233.33% |
| % of Operating Profit | -2.72% | -20.33% | -5.73% |
| Other Income/Expense, Net | -$14.70M | -$5.000M | -$400.0K |
| YoY Change | 194.0% | 1150.0% | -33.33% |
| Pretax Income | $64.00M | $43.30M | $32.40M |
| YoY Change | 47.81% | 33.64% | 64.47% |
| Income Tax | $19.90M | $4.300M | -$3.000M |
| % Of Pretax Income | 31.09% | 9.93% | -9.26% |
| Net Earnings | $44.10M | $38.90M | $35.40M |
| YoY Change | 13.37% | 9.89% | 80.61% |
| Net Earnings / Revenue | 8.59% | 11.0% | 15.36% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $448.2K | $476.1K | $465.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 98.39M | 49.75M | |
| Diluted Shares Outstanding | 98.39M | 81.72M | 76.09M |
Balance Sheet
| Concept | 2013 | 2012 | 2011 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $306.3M | $155.9M | $179.1M |
| YoY Change | 96.47% | -12.95% | 380.16% |
| Cash & Equivalents | $306.3M | $155.9M | $179.1M |
| Short-Term Investments | |||
| Other Short-Term Assets | $13.30M | $9.900M | $5.700M |
| YoY Change | 34.34% | 73.68% | 78.13% |
| Inventory | $75.10M | $41.80M | $25.30M |
| Prepaid Expenses | |||
| Receivables | $132.1M | $79.90M | $51.20M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $526.9M | $287.4M | $261.4M |
| YoY Change | 83.33% | 9.95% | 161.14% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $45.20M | $34.40M | $29.60M |
| YoY Change | 31.4% | 16.22% | 6.86% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $14.00M | $7.000M | $10.30M |
| YoY Change | 100.0% | -32.04% | 178.38% |
| Total Long-Term Assets | $571.0M | $390.0M | $201.6M |
| YoY Change | 46.41% | 93.45% | 85.46% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $526.9M | $287.4M | $261.4M |
| Total Long-Term Assets | $571.0M | $390.0M | $201.6M |
| Total Assets | $1.098B | $677.4M | $463.0M |
| YoY Change | 62.08% | 46.31% | 121.74% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $51.70M | $32.10M | $25.90M |
| YoY Change | 61.06% | 23.94% | -2.63% |
| Accrued Expenses | $25.80M | $20.90M | $13.00M |
| YoY Change | 23.44% | 60.77% | -9.72% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $200.0K | $200.0K | $200.0K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Total Short-Term Liabilities | $110.5M | $75.20M | $59.00M |
| YoY Change | 46.94% | 27.46% | 2.25% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $18.70M | $88.00M | $138.7M |
| YoY Change | -78.75% | -36.55% | 1612.35% |
| Other Long-Term Liabilities | $15.20M | $10.80M | $10.40M |
| YoY Change | 40.74% | 3.85% | 4.0% |
| Total Long-Term Liabilities | $33.90M | $98.80M | $149.1M |
| YoY Change | -65.69% | -33.74% | 723.76% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $110.5M | $75.20M | $59.00M |
| Total Long-Term Liabilities | $33.90M | $98.80M | $149.1M |
| Total Liabilities | $165.2M | $197.1M | $208.2M |
| YoY Change | -16.18% | -5.33% | 175.03% |
| 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 | $932.6M | $480.3M | $254.8M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.098B | $677.4M | $463.0M |
| YoY Change | 62.08% | 46.31% | 121.74% |
Cashflow Statement
| Concept | 2013 | 2012 | 2011 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $44.10M | $38.90M | $35.40M |
| YoY Change | 13.37% | 9.89% | 80.61% |
| Depreciation, Depletion And Amortization | $30.44M | $21.23M | $11.09M |
| YoY Change | 43.38% | 91.43% | 47.47% |
| Cash From Operating Activities | $25.18M | $51.53M | $27.66M |
| YoY Change | -51.14% | 86.3% | -13.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$8.620M | -$3.950M | -$3.210M |
| YoY Change | 118.23% | 23.05% | 101.89% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$165.1M | -$183.7M | -$92.50M |
| YoY Change | -10.1% | 98.59% | 382.02% |
| Cash From Investing Activities | -$173.8M | -$187.7M | -$95.71M |
| YoY Change | -7.4% | 96.06% | 360.81% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 298.7M | 112.6M | 210.0M |
| YoY Change | 165.18% | -46.36% | 20090.38% |
| NET CHANGE | |||
| Cash From Operating Activities | 25.18M | 51.53M | 27.66M |
| Cash From Investing Activities | -173.8M | -187.7M | -95.71M |
| Cash From Financing Activities | 298.7M | 112.6M | 210.0M |
| Net Change In Cash | 150.1M | -23.48M | 141.9M |
| YoY Change | -739.35% | -116.54% | 1072.01% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $25.18M | $51.53M | $27.66M |
| Capital Expenditures | -$8.620M | -$3.950M | -$3.210M |
| Free Cash Flow | $33.80M | $55.48M | $30.87M |
| YoY Change | -39.08% | 79.72% | -7.66% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
98393000 | |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76085000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81723000 | |
| CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
98393000 |
