2013 Q2 Form 10-Q Financial Statement

#000110465913056515 Filed on July 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $186.1M $144.2M
YoY Change 29.06% 54.61%
Cost Of Revenue $117.0M $92.74M
YoY Change 26.13% 46.97%
Gross Profit $69.14M $51.47M
YoY Change 34.33% 70.58%
Gross Profit Margin 37.15% 35.69%
Selling, General & Admin $29.83M $19.02M
YoY Change 56.84% 58.48%
% of Gross Profit 43.14% 36.95%
Research & Development $7.060M $5.866M
YoY Change 20.35% 28.73%
% of Gross Profit 10.21% 11.4%
Depreciation & Amortization $13.60M $4.200M
YoY Change 223.81% 20.0%
% of Gross Profit 19.67% 8.16%
Operating Expenses $36.89M $24.88M
YoY Change 48.24% 446.06%
Operating Profit $39.31M $32.45M
YoY Change 21.14% 26.68%
Interest Expense $4.902M $14.00K
YoY Change 34914.29% -93.0%
% of Operating Profit 12.47% 0.04%
Other Income/Expense, Net -$4.825M -$321.0K
YoY Change 1403.12% -421.0%
Pretax Income $34.49M $32.13M
YoY Change 7.34% 94.28%
Income Tax $2.417M $2.776M
% Of Pretax Income 7.01% 8.64%
Net Earnings $32.07M $29.35M
YoY Change 9.25% 99.81%
Net Earnings / Revenue 17.23% 20.35%
Basic Earnings Per Share $1.34 $1.20
Diluted Earnings Per Share $1.25 $1.13
COMMON SHARES
Basic Shares Outstanding 23.16M shares 23.32M shares
Diluted Shares Outstanding 24.82M shares 24.85M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.8M $45.20M
YoY Change 293.36% 29.14%
Cash & Equivalents $177.8M $45.16M
Short-Term Investments
Other Short-Term Assets $150.0K $45.00K
YoY Change 233.33% -99.12%
Inventory
Prepaid Expenses $2.674M
Receivables $99.32M $70.30M
Other Receivables $12.50M $0.00
Total Short-Term Assets $299.1M $124.0M
YoY Change 141.19% 33.91%
LONG-TERM ASSETS
Property, Plant & Equipment $57.20M $41.16M
YoY Change 38.97% 145.01%
Goodwill $14.92M
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $13.90M
YoY Change -100.0% 321.21%
Other Assets $15.11M $8.710M
YoY Change 73.51% 2.47%
Total Long-Term Assets $344.1M $143.7M
YoY Change 139.42% 30.16%
TOTAL ASSETS
Total Short-Term Assets $299.1M $124.0M
Total Long-Term Assets $344.1M $143.7M
Total Assets $643.1M $267.7M
YoY Change 140.24% 31.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.518M $4.200M
YoY Change 55.19% 50.0%
Accrued Expenses $39.80M $33.80M
YoY Change 17.75% 56.48%
Deferred Revenue
YoY Change
Short-Term Debt $5.200M $5.600M
YoY Change -7.14%
Long-Term Debt Due $4.000M $500.0K
YoY Change 700.0% -28.57%
Total Short-Term Liabilities $76.70M $61.50M
YoY Change 24.72% 92.79%
LONG-TERM LIABILITIES
Long-Term Debt $393.7M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.340M $2.500M
YoY Change -46.4% -10.71%
Total Long-Term Liabilities $395.0M $2.500M
YoY Change 15700.76% -24.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.70M $61.50M
Total Long-Term Liabilities $395.0M $2.500M
Total Liabilities $471.7M $65.50M
YoY Change 620.19% 78.47%
SHAREHOLDERS EQUITY
Retained Earnings $178.9M
YoY Change
Common Stock $113.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $123.0M
YoY Change
Treasury Stock Shares 2.418M shares
Shareholders Equity $169.8M $202.2M
YoY Change
Total Liabilities & Shareholders Equity $643.1M $267.7M
YoY Change 140.24% 31.87%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $32.07M $29.35M
YoY Change 9.25% 99.81%
Depreciation, Depletion And Amortization $13.60M $4.200M
YoY Change 223.81% 20.0%
Cash From Operating Activities $57.90M $26.20M
YoY Change 120.99% 21.3%
INVESTING ACTIVITIES
Capital Expenditures -$6.400M -$4.900M
YoY Change 30.61% 145.0%
Acquisitions
YoY Change
Other Investing Activities -$127.2M $0.00
YoY Change -100.0%
Cash From Investing Activities -$133.7M -$4.900M
YoY Change 2628.57% -19.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 169.6M -2.800M
YoY Change -6157.14% -58.82%
NET CHANGE
Cash From Operating Activities 57.90M 26.20M
Cash From Investing Activities -133.7M -4.900M
Cash From Financing Activities 169.6M -2.800M
Net Change In Cash 93.80M 18.50M
YoY Change 407.03% 112.64%
FREE CASH FLOW
Cash From Operating Activities $57.90M $26.20M
Capital Expenditures -$6.400M -$4.900M
Free Cash Flow $64.30M $31.10M
YoY Change 106.75% 31.78%

Facts In Submission

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