2013 Q3 Form 10-Q Financial Statement

#000110465913077453 Filed on October 24, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $210.8M $144.0M
YoY Change 46.43% 31.14%
Cost Of Revenue $134.3M $94.29M
YoY Change 42.4% 28.56%
Gross Profit $76.57M $49.70M
YoY Change 54.07% 36.34%
Gross Profit Margin 36.32% 34.52%
Selling, General & Admin $31.52M $18.45M
YoY Change 70.82% 20.37%
% of Gross Profit 41.16% 37.13%
Research & Development $5.459M $6.900M
YoY Change -20.88% 16.87%
% of Gross Profit 7.13% 13.88%
Depreciation & Amortization $13.20M $5.000M
YoY Change 164.0% 42.86%
% of Gross Profit 17.24% 10.06%
Operating Expenses $36.98M $25.35M
YoY Change 45.86% 19.4%
Operating Profit $45.06M $31.25M
YoY Change 44.18% 47.92%
Interest Expense $6.188M $10.00K
YoY Change 61780.0% -50.0%
% of Operating Profit 13.73% 0.03%
Other Income/Expense, Net -$6.441M -$267.0K
YoY Change 2312.36% -16.56%
Pretax Income $38.61M $30.98M
YoY Change 24.63% 48.92%
Income Tax $1.659M $2.898M
% Of Pretax Income 4.3% 9.35%
Net Earnings $36.96M $28.08M
YoY Change 31.59% 48.11%
Net Earnings / Revenue 17.53% 19.5%
Basic Earnings Per Share $1.56 $1.16
Diluted Earnings Per Share $1.42 $1.08
COMMON SHARES
Basic Shares Outstanding 23.03M shares 23.34M shares
Diluted Shares Outstanding 25.33M shares 25.02M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.6M $84.40M
YoY Change 151.9% 296.24%
Cash & Equivalents $212.6M $84.43M
Short-Term Investments
Other Short-Term Assets $508.0K $57.00K
YoY Change 791.23% -99.38%
Inventory
Prepaid Expenses $4.646M
Receivables $83.85M $62.50M
Other Receivables $4.200M $0.00
Total Short-Term Assets $312.0M $159.6M
YoY Change 95.52% 97.96%
LONG-TERM ASSETS
Property, Plant & Equipment $59.46M $46.35M
YoY Change 28.29% 105.1%
Goodwill $14.92M $14.92M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $13.60M
YoY Change -100.0% -6.86%
Other Assets $15.24M $8.777M
YoY Change 73.67% -11.34%
Total Long-Term Assets $335.8M $146.7M
YoY Change 128.9% 13.63%
TOTAL ASSETS
Total Short-Term Assets $312.0M $159.6M
Total Long-Term Assets $335.8M $146.7M
Total Assets $647.8M $306.3M
YoY Change 111.51% 46.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.818M $8.605M
YoY Change -9.15% 145.86%
Accrued Expenses $16.90M $20.31M
YoY Change -16.78% -22.77%
Deferred Revenue
YoY Change
Short-Term Debt $4.600M $4.100M
YoY Change 12.2%
Long-Term Debt Due $4.000M $300.0K
YoY Change 1233.33% -50.0%
Total Short-Term Liabilities $80.22M $71.42M
YoY Change 12.33% 68.04%
LONG-TERM LIABILITIES
Long-Term Debt $392.7M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.296M $2.441M
YoY Change -46.91% -9.59%
Total Long-Term Liabilities $394.0M $2.441M
YoY Change 16041.09% -18.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.22M $71.42M
Total Long-Term Liabilities $394.0M $2.441M
Total Liabilities $474.2M $73.86M
YoY Change 542.09% 53.55%
SHAREHOLDERS EQUITY
Retained Earnings $209.8M $200.7M
YoY Change 4.51%
Common Stock $114.4M $110.7M
YoY Change 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $151.9M $80.45M
YoY Change 88.76%
Treasury Stock Shares 2.547M shares 2.049M shares
Shareholders Equity $172.3M $231.0M
YoY Change
Total Liabilities & Shareholders Equity $647.8M $306.3M
YoY Change 111.51% 46.04%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $36.96M $28.08M
YoY Change 31.59% 48.11%
Depreciation, Depletion And Amortization $13.20M $5.000M
YoY Change 164.0% 42.86%
Cash From Operating Activities $67.10M $43.10M
YoY Change 55.68% 40.85%
INVESTING ACTIVITIES
Capital Expenditures -$7.100M -$3.100M
YoY Change 129.03% -60.76%
Acquisitions
YoY Change
Other Investing Activities $11.10M $0.00
YoY Change -100.0%
Cash From Investing Activities $4.000M -$3.100M
YoY Change -229.03% -84.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.40M -700.0K
YoY Change 5100.0% -97.1%
NET CHANGE
Cash From Operating Activities 67.10M 43.10M
Cash From Investing Activities 4.000M -3.100M
Cash From Financing Activities -36.40M -700.0K
Net Change In Cash 34.70M 39.30M
YoY Change -11.7% -384.78%
FREE CASH FLOW
Cash From Operating Activities $67.10M $43.10M
Capital Expenditures -$7.100M -$3.100M
Free Cash Flow $74.20M $46.20M
YoY Change 60.61% 20.0%

Facts In Submission

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