2018 Q2 Form 10-Q Financial Statement

#000146776018000009 Filed on July 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $99.20M $81.40M
YoY Change 21.87% 30.03%
Cost Of Revenue $28.40M $19.20M
YoY Change 47.92% 22.29%
Gross Profit $70.80M $62.20M
YoY Change 13.83% 32.62%
Gross Profit Margin 71.37% 76.41%
Selling, General & Admin $14.70M $12.90M
YoY Change 13.95% 26.47%
% of Gross Profit 20.76% 20.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $14.67M $12.94M
YoY Change 13.31% 27.33%
Operating Profit $56.14M $49.26M
YoY Change 13.96% 34.09%
Interest Expense $28.44M $19.21M
YoY Change 48.07% 22.15%
% of Operating Profit 50.66% 38.99%
Other Income/Expense, Net -$5.000M -$5.000M
YoY Change 0.0% -66.67%
Pretax Income $55.30M $36.20M
YoY Change 52.76% 251.46%
Income Tax
% Of Pretax Income
Net Earnings $55.35M $36.24M
YoY Change 52.74% 250.5%
Net Earnings / Revenue 55.79% 44.51%
Basic Earnings Per Share $0.39 $0.28
Diluted Earnings Per Share $0.39 $0.28
COMMON SHARES
Basic Shares Outstanding 123.0M shares 95.43M shares
Diluted Shares Outstanding 124.6M shares 96.80M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.40M $214.0M
YoY Change -64.3% 454.4%
Cash & Equivalents $76.38M $214.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $76.40M $236.0M
YoY Change -67.63% 308.3%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.143B $1.495B
YoY Change -23.57% -3.64%
Other Assets $57.70M
YoY Change -14.39%
Total Long-Term Assets $4.905B $3.591B
YoY Change 36.6% 22.91%
TOTAL ASSETS
Total Short-Term Assets $76.40M $236.0M
Total Long-Term Assets $4.905B $3.591B
Total Assets $4.981B $3.827B
YoY Change 30.17% 28.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M $12.30M
YoY Change -71.54% -49.8%
Accrued Expenses $14.30M
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 $90.40M $77.50M
YoY Change 16.65% 17.07%
LONG-TERM LIABILITIES
Long-Term Debt $2.548B $1.582B
YoY Change 61.07% 0.03%
Other Long-Term Liabilities $0.00 $4.400M
YoY Change -100.0%
Total Long-Term Liabilities $2.548B $1.586B
YoY Change 60.62% 0.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.40M $77.50M
Total Long-Term Liabilities $2.548B $1.586B
Total Liabilities $2.638B $1.664B
YoY Change 58.57% 0.99%
SHAREHOLDERS EQUITY
Retained Earnings -$106.7M -$75.24M
YoY Change 41.8% -3.46%
Common Stock $2.449B $2.238B
YoY Change 9.45% 58.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.343B $2.163B
YoY Change
Total Liabilities & Shareholders Equity $4.981B $3.827B
YoY Change 30.17% 28.45%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $55.35M $36.24M
YoY Change 52.74% 250.5%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $83.30M $45.90M
YoY Change 81.48% 45.71%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$797.8M $66.50M
YoY Change -1299.7% -159.8%
Cash From Investing Activities -$797.8M $66.50M
YoY Change -1299.7% -159.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 692.6M -38.30M
YoY Change -1908.36% -140.19%
NET CHANGE
Cash From Operating Activities 83.30M 45.90M
Cash From Investing Activities -797.8M 66.50M
Cash From Financing Activities 692.6M -38.30M
Net Change In Cash -21.90M 74.10M
YoY Change -129.55% 375.0%
FREE CASH FLOW
Cash From Operating Activities $83.30M $45.90M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2017Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
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CY2017Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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3811000 USD
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0 USD
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0 USD
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352000 USD
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CY2018Q2 us-gaap Paid In Kind Interest
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us-gaap Paid In Kind Interest
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19700000 USD
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us-gaap Payments To Acquire Equity Method Investments
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726000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1379000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
CY2017Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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9310000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18620000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6834000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13669000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2017Q4 us-gaap Preferred Stock Shares Authorized
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CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
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10199000 USD
us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
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227913000 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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0 USD
us-gaap Proceeds From Issuance Of Common Stock
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249021000 USD
us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Loan Originations1
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CY2017Q2 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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146500000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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217708000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
CY2017Q2 us-gaap Provision For Loan And Lease Losses
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5000000 USD
us-gaap Provision For Loan And Lease Losses
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5000000 USD
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5000000 USD
us-gaap Provision For Loan And Lease Losses
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5000000 USD
CY2017Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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us-gaap Related Party Transaction Expenses From Transactions With Related Party
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15175000 USD
CY2018Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
9013000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
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17105000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents
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57665000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
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0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q4 us-gaap Securities Received As Collateral
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CY2017Q4 us-gaap Securities Sold Under Agreements To Repurchase
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us-gaap Share Based Compensation
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4921000 USD
us-gaap Share Based Compensation
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2628000 USD
CY2018Q2 us-gaap Share Price
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18.58
us-gaap Stock Issued During Period Value New Issues
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us-gaap Unrealized Gain Loss On Derivatives
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15941000 USD
CY2017Q2 us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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CY2018Q2 us-gaap Unrealized Gain Loss On Investments
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0 USD
us-gaap Unrealized Gain Loss On Investments
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CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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94907762 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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118281153 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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123019993 shares
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116651305 shares

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