2017 Q1 Form 10-Q Financial Statement

#000150021717000038 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $73.79M $70.73M
YoY Change 4.33% 7.11%
Cost Of Revenue $27.40M $25.09M
YoY Change 9.21% 10.67%
Gross Profit $46.40M $45.65M
YoY Change 1.65% 5.25%
Gross Profit Margin 62.88% 64.53%
Selling, General & Admin $5.518M $5.034M
YoY Change 9.61% -6.8%
% of Gross Profit 11.89% 11.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.99M $17.45M
YoY Change 3.05% 15.53%
% of Gross Profit 38.77% 38.24%
Operating Expenses $50.46M $47.09M
YoY Change 7.17% 10.04%
Operating Profit $23.33M $23.64M
YoY Change -1.33% 1.72%
Interest Expense $13.33M $12.95M
YoY Change 2.97% 9.76%
% of Operating Profit 57.14% 54.76%
Other Income/Expense, Net $310.0K $24.00K
YoY Change 1191.67% -134.29%
Pretax Income $10.31M $10.72M
YoY Change -3.82% -5.8%
Income Tax -$163.0K $100.0K
% Of Pretax Income -1.58% 0.93%
Net Earnings $7.387M $7.651M
YoY Change -3.45% -4.68%
Net Earnings / Revenue 10.01% 10.82%
Basic Earnings Per Share $0.16 $0.17
Diluted Earnings Per Share $0.16 $0.17
COMMON SHARES
Basic Shares Outstanding 46.17M shares 45.23M shares
Diluted Shares Outstanding 64.06M shares 63.13M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.1M $44.00M
YoY Change 332.05% -19.41%
Cash & Equivalents $190.1M $44.01M
Short-Term Investments
Other Short-Term Assets $6.900M $5.600M
YoY Change 23.21% 16.67%
Inventory
Prepaid Expenses
Receivables $7.600M $7.600M
Other Receivables $0.00 $0.00
Total Short-Term Assets $204.6M $57.20M
YoY Change 257.69% -12.27%
LONG-TERM ASSETS
Property, Plant & Equipment $1.823B $1.837B
YoY Change -0.75% 1.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.800M $9.300M
YoY Change 5.38% -39.22%
Total Long-Term Assets $1.911B $1.921B
YoY Change -0.51% 1.04%
TOTAL ASSETS
Total Short-Term Assets $204.6M $57.20M
Total Long-Term Assets $1.911B $1.921B
Total Assets $2.115B $1.978B
YoY Change 6.95% 0.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.10M $37.00M
YoY Change 5.68% -32.73%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.30M $43.10M
YoY Change 5.1% -29.23%
LONG-TERM LIABILITIES
Long-Term Debt $1.161B $1.061B
YoY Change 9.4% -1.94%
Other Long-Term Liabilities $47.50M $53.40M
YoY Change -11.05% -3.96%
Total Long-Term Liabilities $1.208B $1.114B
YoY Change 8.42% -2.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.30M $43.10M
Total Long-Term Liabilities $1.208B $1.114B
Total Liabilities $1.254B $1.157B
YoY Change 8.31% -3.43%
SHAREHOLDERS EQUITY
Retained Earnings -$81.92M -$67.72M
YoY Change 20.96% 8.52%
Common Stock $905.8M $864.5M
YoY Change 4.77% 7.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $834.9M $793.6M
YoY Change
Total Liabilities & Shareholders Equity $2.115B $1.978B
YoY Change 6.95% 0.59%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $7.387M $7.651M
YoY Change -3.45% -4.68%
Depreciation, Depletion And Amortization $17.99M $17.45M
YoY Change 3.05% 15.53%
Cash From Operating Activities $47.61M $34.26M
YoY Change 38.95% 5.38%
INVESTING ACTIVITIES
Capital Expenditures -$12.30M -$17.10M
YoY Change -28.07% -61.22%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$800.0K
YoY Change 25.0% -20.0%
Cash From Investing Activities -$13.16M -$17.90M
YoY Change -26.49% -60.38%
FINANCING ACTIVITIES
Cash Dividend Paid $16.72M $15.83M
YoY Change 5.66% 10.29%
Common Stock Issuance & Retirement, Net $30.08M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $110.7M -$12.28M
YoY Change -1001.61% -254.68%
NET CHANGE
Cash From Operating Activities $47.61M $34.26M
Cash From Investing Activities -$13.16M -$17.90M
Cash From Financing Activities $110.7M -$12.28M
Net Change In Cash $145.2M $4.082M
YoY Change 3456.96% -186.52%
FREE CASH FLOW
Cash From Operating Activities $47.61M $34.26M
Capital Expenditures -$12.30M -$17.10M
Free Cash Flow $59.91M $51.36M
YoY Change 16.64% -32.96%

Facts In Submission

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CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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3027000 USD
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2861000 USD
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CY2017Q1 us-gaap Number Of Operating Segments
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CY2017Q1 us-gaap Operating Expenses
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CY2017Q1 us-gaap Other Assets
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CY2017Q1 us-gaap Other Nonoperating Income
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CY2016Q1 us-gaap Other Nonoperating Income Expense
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CY2016Q1 us-gaap Payments Of Debt Issuance Costs
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CY2017Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1812000 USD
CY2016Q1 us-gaap Payments Of Dividends
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CY2017Q1 us-gaap Payments Of Dividends
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CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2016Q1 us-gaap Percentage Rent
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440000 USD
CY2017Q1 us-gaap Percentage Rent
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455000 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
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5853000 USD
CY2017Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
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CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
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ProceedsFromIssuanceOfCommonStock
30075000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
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ProceedsFromIssuanceOfSeniorLongTermDebt
250000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
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100000000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2016Q1 us-gaap Proceeds From Unsecured Lines Of Credit
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10000000 USD
CY2017Q1 us-gaap Proceeds From Unsecured Lines Of Credit
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CY2016Q1 us-gaap Profit Loss
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CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2016Q4 us-gaap Real Estate Investment Property At Cost
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CY2017Q1 us-gaap Real Estate Investment Property At Cost
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CY2016Q4 us-gaap Real Estate Investment Property Net
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CY2017Q1 us-gaap Real Estate Investment Property Net
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CY2016Q1 us-gaap Real Estate Tax Expense
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CY2016Q4 us-gaap Rental Properties
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CY2017Q1 us-gaap Rental Properties
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CY2016Q1 us-gaap Repayments Of Lines Of Credit
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20000000 USD
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20000000 USD
CY2016Q1 us-gaap Repayments Of Secured Debt
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CY2017Q1 us-gaap Repayments Of Secured Debt
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CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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9950000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
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9836000 USD
CY2016Q1 us-gaap Restricted Stock Expense
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600000 USD
CY2017Q1 us-gaap Restricted Stock Expense
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600000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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-77296000 USD
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RetainedEarningsAccumulatedDeficit
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CY2016Q1 us-gaap Revenue From Leased And Owned Hotels
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9418000 USD
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9865000 USD
CY2016Q1 us-gaap Revenues
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CY2017Q1 us-gaap Revenues
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CY2016Q4 us-gaap Secured Debt
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CY2017Q1 us-gaap Secured Debt
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CY2016Q4 us-gaap Security Deposit Liability
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CY2017Q1 us-gaap Security Deposit Liability
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CY2016Q1 us-gaap Share Based Compensation
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618000 USD
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639000 USD
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
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30075000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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0 USD
CY2016Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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838551000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Straight Line Rent
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100000 USD
CY2017Q1 us-gaap Straight Line Rent
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200000 USD
CY2016Q1 us-gaap Tenant Reimbursements
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7642000 USD
CY2017Q1 us-gaap Tenant Reimbursements
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CY2016Q4 us-gaap Unsecured Debt
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CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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63133389 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45233873 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46173788 shares

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