2018 Q4 Form 10-Q Financial Statement

#000156459018024699 Filed on October 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $315.8M $248.7M $217.4M
YoY Change 14.67% 14.41% 20.64%
Cost Of Revenue $49.10M $39.41M $36.05M
YoY Change 27.53% 9.31% 1.56%
Gross Profit $266.6M $209.3M $181.3M
YoY Change 12.54% 15.43% 25.23%
Gross Profit Margin 84.42% 84.15% 83.41%
Selling, General & Admin $141.2M $128.8M $99.60M
YoY Change 27.32% 29.32% 9.33%
% of Gross Profit 52.96% 61.54% 54.93%
Research & Development $109.0M $101.3M $104.4M
YoY Change 4.31% -3.0% 5.03%
% of Gross Profit 40.89% 48.38% 57.57%
Depreciation & Amortization $25.90M $26.30M $25.00M
YoY Change 2.78% 5.2% 5.04%
% of Gross Profit 9.71% 12.57% 13.79%
Operating Expenses $266.6M $101.3M $219.6M
YoY Change 15.41% -53.89% 6.65%
Operating Profit $0.00 -$37.16M -$38.36M
YoY Change -100.0% -3.12% -37.22%
Interest Expense -$200.0K $3.346M $3.129M
YoY Change -88.89% 6.94% -225.16%
% of Operating Profit -223696213333333.3%
Other Income/Expense, Net -$1.500M $3.325M $2.566M
YoY Change -122.06% 29.58% -242.56%
Pretax Income -$1.700M -$33.83M -$35.79M
YoY Change -115.74% -5.47% -45.19%
Income Tax $8.000M $611.0K $486.0K
% Of Pretax Income
Net Earnings -$9.700M -$34.44M -$36.28M
YoY Change -1.02% -5.05% -42.14%
Net Earnings / Revenue -3.07% -13.85% -16.69%
Basic Earnings Per Share
Diluted Earnings Per Share -$62.38K -$221.5K -$236.2K
COMMON SHARES
Basic Shares Outstanding 155.4M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $539.3M $467.1M $450.1M
YoY Change 24.4% 3.77% -18.09%
Cash & Equivalents $266.8M $216.0M $165.1M
Short-Term Investments $272.5M $251.0M $285.0M
Other Short-Term Assets $53.30M $50.30M $38.90M
YoY Change 9.9% 29.31% 48.47%
Inventory $90.20M $88.02M $85.00M
Prepaid Expenses
Receivables $300.5M $264.4M $207.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $983.3M $869.8M $781.6M
YoY Change 21.56% 11.28% -3.18%
LONG-TERM ASSETS
Property, Plant & Equipment $310.0M $303.1M $270.7M
YoY Change 8.87% 11.96% 3.24%
Goodwill $92.87M $92.87M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $86.20M $115.7M $125.1M
YoY Change -46.59% -7.51% 61.63%
Other Assets $16.14M $16.33M $206.3M
YoY Change 15.03% -92.08% 53.84%
Total Long-Term Assets $841.8M $891.0M $966.7M
YoY Change -14.84% -7.84% 7.4%
TOTAL ASSETS
Total Short-Term Assets $983.3M $869.8M $781.6M
Total Long-Term Assets $841.8M $891.0M $966.7M
Total Assets $1.825B $1.761B $1.748B
YoY Change 1.55% 0.71% 2.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.77M $44.11M $52.70M
YoY Change -28.38% -16.29% 20.32%
Accrued Expenses $294.0M $250.9M $198.5M
YoY Change 27.49% 26.4% 40.68%
Deferred Revenue $3.169M $6.916M
YoY Change 62.01%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.843M $2.843M $3.000M
YoY Change -5.23% -5.23% 0.0%
Total Short-Term Liabilities $339.8M $304.8M $256.0M
YoY Change 16.71% 19.06% 34.6%
LONG-TERM LIABILITIES
Long-Term Debt $276.5M $277.0M $279.0M
YoY Change -0.71% -0.71% -1.27%
Other Long-Term Liabilities $27.96M $23.19M $26.00M
YoY Change 45.58% -10.81% 4.42%
Total Long-Term Liabilities $304.4M $300.2M $305.0M
YoY Change 2.28% -1.57% -0.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $339.8M $304.8M $256.0M
Total Long-Term Liabilities $304.4M $300.2M $305.0M
Total Liabilities $653.7M $610.0M $561.0M
YoY Change 9.98% 8.73% 12.72%
SHAREHOLDERS EQUITY
Retained Earnings -$1.185B -$1.176B
YoY Change 13.5%
Common Stock $2.469B $2.435B
YoY Change 5.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.171B $1.151B $1.187B
YoY Change
Total Liabilities & Shareholders Equity $1.825B $1.761B $1.748B
YoY Change 1.55% 0.71% 2.4%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$9.700M -$34.44M -$36.28M
YoY Change -1.02% -5.05% -42.14%
Depreciation, Depletion And Amortization $25.90M $26.30M $25.00M
YoY Change 2.78% 5.2% 5.04%
Cash From Operating Activities $60.50M $33.50M $19.50M
YoY Change 68.52% 71.79% 32.65%
INVESTING ACTIVITIES
Capital Expenditures -$17.60M -$16.40M -$12.80M
YoY Change -1.12% 28.12% 11.3%
Acquisitions
YoY Change
Other Investing Activities $9.800M $42.50M -$800.0K
YoY Change 172.22% -5412.5% -101.37%
Cash From Investing Activities -$7.800M $26.10M -$13.60M
YoY Change -45.07% -291.91% -128.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000M 600.0K 1.100M
YoY Change -144.44% -45.45% -101.97%
NET CHANGE
Cash From Operating Activities 60.50M 33.50M 19.50M
Cash From Investing Activities -7.800M 26.10M -13.60M
Cash From Financing Activities -2.000M 600.0K 1.100M
Net Change In Cash 50.70M 60.20M 7.000M
YoY Change 93.51% 760.0% 20.69%
FREE CASH FLOW
Cash From Operating Activities $60.50M $33.50M $19.50M
Capital Expenditures -$17.60M -$16.40M -$12.80M
Free Cash Flow $78.10M $49.90M $32.30M
YoY Change 45.44% 54.49% 23.28%

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8

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