2015 Q2 Form 10-Q Financial Statement

#000089962915000025 Filed on July 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $49.18M $49.51M
YoY Change -0.68% 21.33%
Cost Of Revenue $12.62M $11.31M
YoY Change 11.58% 17.08%
Gross Profit $40.55M $38.21M
YoY Change 6.12% 22.66%
Gross Profit Margin 82.46% 77.17%
Selling, General & Admin $8.010M $6.880M
YoY Change 16.42% 9.21%
% of Gross Profit 19.75% 18.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.90M $11.60M
YoY Change 19.83% 5.45%
% of Gross Profit 34.28% 30.36%
Operating Expenses $40.12M $30.68M
YoY Change 30.79% 18.24%
Operating Profit $13.04M $18.83M
YoY Change -30.77% 26.72%
Interest Expense -$6.560M -$8.100M
YoY Change -19.01% -11.09%
% of Operating Profit -50.31% -43.01%
Other Income/Expense, Net
YoY Change
Pretax Income $85.40M $11.23M
YoY Change 660.82% 163.99%
Income Tax -$56.00K -$83.00K
% Of Pretax Income -0.07% -0.74%
Net Earnings $85.46M $11.87M
YoY Change 620.07% 23.44%
Net Earnings / Revenue 173.78% 23.97%
Basic Earnings Per Share $0.38 $0.19
Diluted Earnings Per Share $0.38 $0.19
COMMON SHARES
Basic Shares Outstanding 68.83M shares 57.38M shares
Diluted Shares Outstanding 68.87M shares 58.03M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.7M $86.80M
YoY Change 20.62% -13.2%
Cash & Equivalents $104.7M $86.80M
Short-Term Investments
Other Short-Term Assets $53.10M $64.40M
YoY Change -17.55% 58.23%
Inventory $533.3M $364.4M
Prepaid Expenses
Receivables $37.90M $30.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $729.0M $546.4M
YoY Change 33.42% 214.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.768B $1.377B
YoY Change 28.38% -13.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $166.6M $182.7M
YoY Change -8.81% -2.97%
Other Assets $94.00M $126.8M
YoY Change -25.87% -44.24%
Total Long-Term Assets $2.245B $1.826B
YoY Change 22.94% -14.56%
TOTAL ASSETS
Total Short-Term Assets $729.0M $546.4M
Total Long-Term Assets $2.245B $1.826B
Total Assets $2.974B $2.372B
YoY Change 25.36% 2.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.60M $39.60M
YoY Change -5.05% 28.16%
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 $68.50M $62.40M
YoY Change 9.78% 13.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.327B $1.074B
YoY Change 23.53% -1.76%
Other Long-Term Liabilities $58.80M $43.40M
YoY Change 35.48% -10.14%
Total Long-Term Liabilities $1.386B $1.117B
YoY Change 23.99% -2.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $68.50M $62.40M
Total Long-Term Liabilities $1.386B $1.117B
Total Liabilities $1.454B $1.180B
YoY Change 23.22% -1.41%
SHAREHOLDERS EQUITY
Retained Earnings $41.65M $44.20M
YoY Change -5.76% 9.26%
Common Stock $1.050B $758.1M
YoY Change 38.56% 14.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.089B $800.2M
YoY Change
Total Liabilities & Shareholders Equity $2.974B $2.372B
YoY Change 25.36% 2.67%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $85.46M $11.87M
YoY Change 620.07% 23.44%
Depreciation, Depletion And Amortization $13.90M $11.60M
YoY Change 19.83% 5.45%
Cash From Operating Activities $27.20M $23.80M
YoY Change 14.29% 14.98%
INVESTING ACTIVITIES
Capital Expenditures -$117.5M -$47.90M
YoY Change 145.3% -0.62%
Acquisitions
YoY Change
Other Investing Activities $144.5M -$900.0K
YoY Change -16155.56% -101.96%
Cash From Investing Activities $27.00M -$48.80M
YoY Change -155.33% 2118.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -69.00M 39.00M
YoY Change -276.92% -19600.0%
NET CHANGE
Cash From Operating Activities 27.20M 23.80M
Cash From Investing Activities 27.00M -48.80M
Cash From Financing Activities -69.00M 39.00M
Net Change In Cash -14.80M 14.00M
YoY Change -205.71% -23.5%
FREE CASH FLOW
Cash From Operating Activities $27.20M $23.80M
Capital Expenditures -$117.5M -$47.90M
Free Cash Flow $144.7M $71.70M
YoY Change 101.81% 4.06%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the 2014 financial statements to conform to the 2015 presentation.</font></div></div>
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Land
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Land
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2014Q2 us-gaap Other Real Estate Revenue
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us-gaap Payment Of Financing And Stock Issuance Costs
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CY2015Q2 us-gaap Real Estate Investment Property At Cost
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CY2015Q2 us-gaap Real Estate Revenue Net
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CY2014Q2 us-gaap Real Estate Tax Expense
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us-gaap Repayments Of Secured Debt
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CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Share Based Compensation
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3746000 USD
us-gaap Stock Issued During Period Value Acquisitions
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-662000 USD

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