2015 Q3 Form 10-Q Financial Statement

#000089962915000033 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $51.12M $47.66M
YoY Change 7.27% 16.0%
Cost Of Revenue $12.46M $10.84M
YoY Change 14.94% -4.32%
Gross Profit $44.40M $36.82M
YoY Change 20.59% 23.76%
Gross Profit Margin 86.85% 77.26%
Selling, General & Admin $7.600M $7.120M
YoY Change 6.74% 33.33%
% of Gross Profit 17.12% 19.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.40M $12.90M
YoY Change 34.88% 22.86%
% of Gross Profit 39.19% 35.04%
Operating Expenses $37.92M $32.43M
YoY Change 16.92% 15.99%
Operating Profit $18.94M $15.23M
YoY Change 24.34% 16.03%
Interest Expense -$7.150M -$7.220M
YoY Change -0.97% 12.99%
% of Operating Profit -37.76% -47.41%
Other Income/Expense, Net
YoY Change
Pretax Income $18.80M $111.1M
YoY Change -83.07% 1547.94%
Income Tax $698.0K -$17.00K
% Of Pretax Income 3.71% -0.02%
Net Earnings $18.10M $111.1M
YoY Change -83.7% 1114.96%
Net Earnings / Revenue 35.41% 233.05%
Basic Earnings Per Share $0.20 $0.47
Diluted Earnings Per Share $0.20 $0.47
COMMON SHARES
Basic Shares Outstanding 68.94M shares 59.32M shares
Diluted Shares Outstanding 68.96M shares 59.73M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.80M $131.1M
YoY Change -44.47% 48.3%
Cash & Equivalents $72.81M $131.1M
Short-Term Investments
Other Short-Term Assets $57.20M $57.40M
YoY Change -0.35% 27.84%
Inventory $575.2M $398.7M
Prepaid Expenses
Receivables $37.90M $33.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $743.1M $620.5M
YoY Change 19.76% 26.27%
LONG-TERM ASSETS
Property, Plant & Equipment $1.784B $1.466B
YoY Change 21.71% 29.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $162.1M $123.7M
YoY Change 31.04% -37.87%
Other Assets $76.10M $105.8M
YoY Change -28.07% -73.6%
Total Long-Term Assets $2.225B $1.834B
YoY Change 21.31% -1.28%
TOTAL ASSETS
Total Short-Term Assets $743.1M $620.5M
Total Long-Term Assets $2.225B $1.834B
Total Assets $2.968B $2.455B
YoY Change 20.92% 4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.50M $43.20M
YoY Change -3.94% 17.71%
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 $72.70M $66.50M
YoY Change 9.32% 8.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.317B $1.141B
YoY Change 15.44% 13.59%
Other Long-Term Liabilities $63.70M $44.80M
YoY Change 42.19% -73.74%
Total Long-Term Liabilities $1.381B $1.186B
YoY Change 16.45% 0.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.70M $66.50M
Total Long-Term Liabilities $1.381B $1.186B
Total Liabilities $1.454B $1.252B
YoY Change 16.07% 1.3%
SHAREHOLDERS EQUITY
Retained Earnings $38.87M $58.95M
YoY Change -34.08% 53.95%
Common Stock $1.057B $783.9M
YoY Change 34.8% 18.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.088B $841.3M
YoY Change
Total Liabilities & Shareholders Equity $2.968B $2.455B
YoY Change 20.92% 4.48%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $18.10M $111.1M
YoY Change -83.7% 1114.96%
Depreciation, Depletion And Amortization $17.40M $12.90M
YoY Change 34.88% 22.86%
Cash From Operating Activities $31.50M $15.70M
YoY Change 100.64% -5.99%
INVESTING ACTIVITIES
Capital Expenditures -$73.70M -$66.10M
YoY Change 11.5% -1.2%
Acquisitions
YoY Change
Other Investing Activities $27.30M $176.3M
YoY Change -84.52% 2160.26%
Cash From Investing Activities -$46.40M $110.1M
YoY Change -142.14% -286.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.10M -81.50M
YoY Change -79.02% -365.47%
NET CHANGE
Cash From Operating Activities 31.50M 15.70M
Cash From Investing Activities -46.40M 110.1M
Cash From Financing Activities -17.10M -81.50M
Net Change In Cash -32.00M 44.30M
YoY Change -172.23% -478.63%
FREE CASH FLOW
Cash From Operating Activities $31.50M $15.70M
Capital Expenditures -$73.70M -$66.10M
Free Cash Flow $105.2M $81.80M
YoY Change 28.61% -2.15%

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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184352000 USD
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162101000 USD
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Land
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Land
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0 USD
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28564000 USD
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60441000 USD
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13580000 USD
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56008000 USD
CY2015Q3 us-gaap Number Of Real Estate Properties
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142 property
us-gaap Number Of Reportable Segments
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3 segment
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29585000 USD
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us-gaap Operating Expenses
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CY2015Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
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115372000 USD
CY2014Q3 us-gaap Operating Income Loss
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15229000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
48784000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
18935000 USD
us-gaap Operating Income Loss
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47122000 USD
CY2014Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2014Q3 us-gaap Other Cost And Expense Operating
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CY2014Q4 us-gaap Other Liabilities
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CY2014Q3 us-gaap Other Real Estate Revenue
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CY2015Q3 us-gaap Other Real Estate Revenue
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2382000 USD
us-gaap Other Real Estate Revenue
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us-gaap Payment Of Financing And Stock Issuance Costs
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2120000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
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us-gaap Payments For Capital Improvements
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CY2015Q3 us-gaap Profit Loss
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us-gaap Payments For Capital Improvements
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Profit Loss
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CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2015Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
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CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
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CY2015Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
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CY2014Q4 us-gaap Real Estate Investment Property Net
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CY2015Q3 us-gaap Real Estate Investment Property Net
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CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
47660000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
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CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
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us-gaap Real Estate Revenue Net
RealEstateRevenueNet
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CY2014Q3 us-gaap Real Estate Tax Expense
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us-gaap Real Estate Tax Expense
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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us-gaap Repayments Of Unsecured Debt
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us-gaap Repayments Of Unsecured Debt
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CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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30604000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents
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16201000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31617000 USD

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