2016 Q3 Form 10-Q Financial Statement

#000138905017000018 Filed on February 09, 2017

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $195.8M $248.9M
YoY Change -21.3% 0.57%
Cost Of Revenue $92.50M $409.7M
YoY Change -77.42% -10.41%
Gross Profit $43.59M $52.95M
YoY Change -17.68% -11.36%
Gross Profit Margin 22.26% 21.28%
Selling, General & Admin $25.45M $32.62M
YoY Change -21.99% -65.59%
% of Gross Profit 58.38% 61.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.07M $58.09M
YoY Change -10.36% -40.88%
% of Gross Profit 119.46% 109.7%
Operating Expenses $25.45M $32.62M
YoY Change -21.99% -65.59%
Operating Profit $18.14M $20.33M
YoY Change -10.77% -157.97%
Interest Expense $21.37M $28.00M
YoY Change -23.69% 8.78%
% of Operating Profit 117.78% 137.72%
Other Income/Expense, Net $2.470M -$2.155M
YoY Change -214.62% -53.79%
Pretax Income -$14.92M -$15.58M
YoY Change -4.27% -144.05%
Income Tax -$4.878M $2.367M
% Of Pretax Income
Net Earnings -$9.648M -$9.910M
YoY Change -2.64% -129.1%
Net Earnings / Revenue -4.93% -3.98%
Basic Earnings Per Share -$0.14 -$0.15
Diluted Earnings Per Share -$0.14 -$0.15
COMMON SHARES
Basic Shares Outstanding 69.06M shares 68.56M shares
Diluted Shares Outstanding 69.06M shares 68.56M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.400M $32.50M
YoY Change -83.38% -3.85%
Cash & Equivalents $5.363M $570.0K
Short-Term Investments
Other Short-Term Assets $5.307M $67.47M
YoY Change -92.13% 2.85%
Inventory $116.2M $379.6M
Prepaid Expenses
Receivables $110.6M $492.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $237.8M $1.171B
YoY Change -79.68% -6.44%
LONG-TERM ASSETS
Property, Plant & Equipment $2.162B $3.293B
YoY Change -34.36% -0.05%
Goodwill $3.738M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.60M $16.00M
YoY Change 28.75% -15.79%
Total Long-Term Assets $2.288B $3.528B
YoY Change -35.17% -1.1%
TOTAL ASSETS
Total Short-Term Assets $237.8M $1.171B
Total Long-Term Assets $2.288B $3.528B
Total Assets $2.525B $4.699B
YoY Change -46.26% -2.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.66M $152.0M
YoY Change -76.54% -22.02%
Accrued Expenses $75.02M $229.7M
YoY Change -67.34% -22.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $113.4M $465.2M
YoY Change -75.62% -26.54%
LONG-TERM LIABILITIES
Long-Term Debt $1.471B $2.076B
YoY Change -29.12% 6.04%
Other Long-Term Liabilities $12.10M $102.3M
YoY Change -88.17% 52.98%
Total Long-Term Liabilities $12.10M $102.3M
YoY Change -88.17% 52.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.4M $465.2M
Total Long-Term Liabilities $12.10M $102.3M
Total Liabilities $1.772B $2.798B
YoY Change -36.67% -2.07%
SHAREHOLDERS EQUITY
Retained Earnings -$2.180B -$1.873B
YoY Change 16.39% -0.11%
Common Stock $762.0K $745.0K
YoY Change 2.28% 1.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $73.39M $72.22M
YoY Change 1.63% -13.63%
Treasury Stock Shares 5.576M shares 5.097M shares
Shareholders Equity $745.5M $1.817B
YoY Change
Total Liabilities & Shareholders Equity $2.525B $4.699B
YoY Change -46.26% -2.49%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$9.648M -$9.910M
YoY Change -2.64% -129.1%
Depreciation, Depletion And Amortization $52.07M $58.09M
YoY Change -10.36% -40.88%
Cash From Operating Activities $83.20M $128.5M
YoY Change -35.25% -18.41%
INVESTING ACTIVITIES
Capital Expenditures -$24.80M -$45.20M
YoY Change -45.13% -69.36%
Acquisitions
YoY Change
Other Investing Activities $10.10M -$26.80M
YoY Change -137.69% -74.81%
Cash From Investing Activities -$14.70M -$72.00M
YoY Change -79.58% -71.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -91.00M -47.20M
YoY Change 92.8% -162.02%
NET CHANGE
Cash From Operating Activities 83.20M 128.5M
Cash From Investing Activities -14.70M -72.00M
Cash From Financing Activities -91.00M -47.20M
Net Change In Cash -22.50M 9.300M
YoY Change -341.94% -145.81%
FREE CASH FLOW
Cash From Operating Activities $83.20M $128.5M
Capital Expenditures -$24.80M -$45.20M
Free Cash Flow $108.0M $173.7M
YoY Change -37.82% -43.05%

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us-gaap Depreciation Depletion And Amortization
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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1908000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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172000 USD
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400000 USD
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1043000 USD
us-gaap Gain Loss On Disposition Of Assets
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2085000 USD
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3700000 USD
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11212000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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-15902000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-14916000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-7437000 USD
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-10038000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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10110000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
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24570000 USD
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2015Q3 us-gaap Income Loss From Equity Method Investments
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0 USD
us-gaap Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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0 USD
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61045000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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41626000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Net Cash Provided By Used In Discontinued Operations
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0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities
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244308000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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2726000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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8638000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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4218000 USD
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
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5105000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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2762000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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2267000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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12100000 USD
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OtherNonoperatingIncomeExpense
2470000 USD
us-gaap Other Nonoperating Income Expense
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4640000 USD
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141000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
384000 USD
CY2016Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
135000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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470000 USD
us-gaap Partners Capital Account Public Sale Of Units
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us-gaap Payments For Hedge Financing Activities
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us-gaap Payments For Hedge Financing Activities
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us-gaap Payments For Repurchase Of Common Stock
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3771000 USD
us-gaap Payments For Repurchase Of Common Stock
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960000 USD
us-gaap Payments For Restructuring
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482000 USD
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us-gaap Payments Of Debt Issuance Costs
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2710000 USD
us-gaap Payments Of Debt Issuance Costs
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2334000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
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10300000 USD
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10400000 USD
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10500000 USD
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10400000 USD
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13100000 USD
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6700000 USD
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6700000 USD
us-gaap Payments Of Dividends Common Stock
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31167000 USD
us-gaap Payments Of Dividends Common Stock
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26462000 USD
us-gaap Payments Of Dividends Minority Interest
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61045000 USD
us-gaap Payments Of Dividends Minority Interest
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41626000 USD
us-gaap Payments To Acquire Businesses Gross
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0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
13779000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
206060000 USD
us-gaap Payments To Acquire Productive Assets
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97009000 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
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
49176000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
1164000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1055000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
388000000 USD
CY2015Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
532600000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
16336000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
27064000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1106000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
910000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
-7839000 USD
us-gaap Profit Loss
ProfitLoss
17133000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-10054000 USD
us-gaap Profit Loss
ProfitLoss
-19164000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3563828000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3526381000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2267788000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2161603000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
147786000 USD
CY2016Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
110591000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1602000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-994000 USD
CY2015Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
369200000 USD
CY2015Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
326500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1006500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
496000000 USD
CY2016Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
29000 USD
CY2015Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
289000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
1482000 USD
CY2016Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
4689000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
15758000 USD
CY2015Q3 us-gaap Restructuring Charges
RestructuringCharges
11709000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
88605000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2137738000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2180144000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
248863000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
756798000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
195849000 USD
us-gaap Restructuring Charges
RestructuringCharges
34910000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
855000 USD
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
780000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
613289000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32621000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
96546000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25874000 USD
CY2016Q3 us-gaap Severance Costs1
SeveranceCosts1
4030000 USD
us-gaap Severance Costs1
SeveranceCosts1
13299000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6784000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7106000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1799000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
910000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1106000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
0 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
733910000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
745493000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1865806000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1792272000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
787259000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
753535000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5383970 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
5576227 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
72429000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
73389000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-269000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1115000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6600000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68560000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68441000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69064000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68958000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68560000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68441000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69064000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68958000 shares

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