2016 Q3 Form 10-Q Financial Statement

#000162828016020568 Filed on November 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $70.60M $51.90M
YoY Change 36.03% 46.61%
Cost Of Revenue $17.30M $13.20M
YoY Change 31.06% 50.0%
Gross Profit $53.30M $38.70M
YoY Change 37.73% 45.49%
Gross Profit Margin 75.5% 74.57%
Selling, General & Admin $14.30M $6.200M
YoY Change 130.65% 34.78%
% of Gross Profit 26.83% 16.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $14.26M $6.196M
YoY Change 130.07% 33.91%
Operating Profit $39.05M $32.50M
YoY Change 20.12% 47.93%
Interest Expense $17.26M $13.19M
YoY Change 30.86% 50.09%
% of Operating Profit 44.2% 40.57%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $69.90M $25.80M
YoY Change 170.93% 34.38%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $69.89M $25.85M
YoY Change 170.41% 34.91%
Net Earnings / Revenue 99.0% 49.8%
Basic Earnings Per Share
Diluted Earnings Per Share $958.8K $430.7K
COMMON SHARES
Basic Shares Outstanding 71.92M shares 59.36M shares
Diluted Shares Outstanding 72.86M shares 59.93M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.6M $20.20M
YoY Change 1160.4% -65.53%
Cash & Equivalents $254.6M $20.16M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $272.6M $34.60M
YoY Change 687.86% -54.29%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.401B $1.548B
YoY Change -9.54% 19.49%
Other Assets $62.30M $38.30M
YoY Change 62.66% 0.0%
Total Long-Term Assets $2.926B $2.493B
YoY Change 17.37% 46.03%
TOTAL ASSETS
Total Short-Term Assets $272.6M $34.60M
Total Long-Term Assets $2.926B $2.493B
Total Assets $3.199B $2.528B
YoY Change 26.55% 41.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.40M $4.700M
YoY Change 461.7% 30.56%
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 $78.30M $40.90M
YoY Change 91.44% 48.73%
LONG-TERM LIABILITIES
Long-Term Debt $1.374B $1.103B
YoY Change 24.58% 26.27%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.374B $1.103B
YoY Change 24.58% 22.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.30M $40.90M
Total Long-Term Liabilities $1.374B $1.103B
Total Liabilities $1.452B $1.143B
YoY Change 26.98% 23.3%
SHAREHOLDERS EQUITY
Retained Earnings -$54.95M -$22.23M
YoY Change 147.24% 90.59%
Common Stock $1.804B $1.409B
YoY Change 28.06% 62.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.747B $1.384B
YoY Change
Total Liabilities & Shareholders Equity $3.199B $2.528B
YoY Change 26.55% 41.77%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $69.89M $25.85M
YoY Change 170.41% 34.91%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $34.60M $21.60M
YoY Change 60.19% 61.19%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.714B -$224.2M
YoY Change -864.54% 12.89%
Cash From Investing Activities $1.714B -$224.2M
YoY Change -864.54% 12.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.501B 174.0M
YoY Change -962.36% -3.65%
NET CHANGE
Cash From Operating Activities 34.60M 21.60M
Cash From Investing Activities 1.714B -224.2M
Cash From Financing Activities -1.501B 174.0M
Net Change In Cash 248.2M -28.60M
YoY Change -967.83% 521.74%
FREE CASH FLOW
Cash From Operating Activities $34.60M $21.60M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities
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22990000 USD
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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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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 Loss Net Of Tax Portion Attributable To Parent
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499000 USD
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
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678000 USD
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0 USD
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0 USD
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252000 USD
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362000 USD
us-gaap Payments To Acquire Other Investments
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8000 USD
CY2015Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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2304000 USD
us-gaap Payments To Acquire Other Investments
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CY2016Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20985000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2016Q3 us-gaap Preferred Stock Shares Authorized
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us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
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us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
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20794000 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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0 USD
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us-gaap Proceeds From Sale Of Available For Sale Securities
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17291000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
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us-gaap Proceeds From Sale Of Other Assets Investing Activities
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167000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
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CY2015Q3 us-gaap Provision For Loan And Lease Losses
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us-gaap Provision For Loan And Lease Losses
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CY2016Q3 us-gaap Provision For Loan And Lease Losses
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us-gaap Provision For Loan And Lease Losses
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CY2015Q3 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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us-gaap Share Based Compensation
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2573000 USD
us-gaap Share Based Compensation
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2808000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
CY2015Q4 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Trading Securities Pledged As Collateral
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CY2015Q3 us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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1731000 USD
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CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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68913362 shares

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