2014 Q1 Form 10-Q Financial Statement

#000110465914029690 Filed on April 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $239.3M $148.8M
YoY Change 60.77% 7.02%
Cost Of Revenue $147.8M $96.96M
YoY Change 52.44% 5.67%
Gross Profit $91.46M $51.87M
YoY Change 76.35% 9.64%
Gross Profit Margin 38.23% 34.85%
Selling, General & Admin $43.53M $18.68M
YoY Change 133.05% 9.79%
% of Gross Profit 47.6% 36.02%
Research & Development $8.841M $5.491M
YoY Change 61.01% 7.16%
% of Gross Profit 9.67% 10.59%
Depreciation & Amortization $15.70M $5.900M
YoY Change 166.1% 63.89%
% of Gross Profit 17.17% 11.38%
Operating Expenses $52.38M $24.17M
YoY Change 116.69% 9.18%
Operating Profit $47.93M $33.19M
YoY Change 44.43% 9.55%
Interest Expense $4.776M $3.212M
YoY Change 48.69% 21313.33%
% of Operating Profit 9.96% 9.68%
Other Income/Expense, Net -$4.729M -$2.507M
YoY Change 88.63% 614.25%
Pretax Income $43.20M $30.68M
YoY Change 40.82% 2.46%
Income Tax $3.055M $2.151M
% Of Pretax Income 7.07% 7.01%
Net Earnings $40.15M $28.53M
YoY Change 40.73% 5.18%
Net Earnings / Revenue 16.78% 19.17%
Basic Earnings Per Share $1.76 $1.18
Diluted Earnings Per Share $1.61 $1.10
COMMON SHARES
Basic Shares Outstanding 22.51M shares 23.37M shares
Diluted Shares Outstanding 24.66M shares 25.06M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $116.4M $77.30M
YoY Change 50.58% 189.51%
Cash & Equivalents $116.4M $83.94M
Short-Term Investments
Other Short-Term Assets $1.734M $107.0K
YoY Change 1520.56% -98.55%
Inventory
Prepaid Expenses $4.740M $2.954M
Receivables $122.1M $109.2M
Other Receivables $1.900M $0.00
Total Short-Term Assets $254.6M $210.1M
YoY Change 21.19% 118.15%
LONG-TERM ASSETS
Property, Plant & Equipment $94.54M $53.34M
YoY Change 77.23% 36.43%
Goodwill $99.41M $14.92M
YoY Change 566.54%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $18.35M $13.25M
YoY Change 38.51% -0.38%
Total Long-Term Assets $479.5M $221.4M
YoY Change 116.6% 53.51%
TOTAL ASSETS
Total Short-Term Assets $254.6M $210.1M
Total Long-Term Assets $479.5M $221.4M
Total Assets $734.1M $431.4M
YoY Change 70.14% 79.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.99M $10.13M
YoY Change 126.95% 60.76%
Accrued Expenses $25.21M $19.16M
YoY Change 31.55% -33.93%
Deferred Revenue
YoY Change
Short-Term Debt $3.700M $2.900M
YoY Change 27.59%
Long-Term Debt Due $3.975M $2.000M
YoY Change 98.75% 233.33%
Total Short-Term Liabilities $134.5M $66.95M
YoY Change 100.9% 8.15%
LONG-TERM LIABILITIES
Long-Term Debt $390.3M $195.6M
YoY Change 99.53% 195522.0%
Other Long-Term Liabilities $46.70M $1.703M
YoY Change 2642.04% -31.88%
Total Long-Term Liabilities $437.0M $197.3M
YoY Change 121.48% 7489.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $134.5M $66.95M
Total Long-Term Liabilities $437.0M $197.3M
Total Liabilities $571.5M $264.3M
YoY Change 116.26% 291.51%
SHAREHOLDERS EQUITY
Retained Earnings $277.5M $151.4M
YoY Change 83.21%
Common Stock $115.3M $113.7M
YoY Change 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $231.2M $99.29M
YoY Change 132.83%
Treasury Stock Shares 3.076M shares 2.236M shares
Shareholders Equity $161.6M $165.9M
YoY Change
Total Liabilities & Shareholders Equity $734.1M $431.4M
YoY Change 70.14% 79.39%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $40.15M $28.53M
YoY Change 40.73% 5.18%
Depreciation, Depletion And Amortization $15.70M $5.900M
YoY Change 166.1% 63.89%
Cash From Operating Activities $36.30M $9.600M
YoY Change 278.13% -65.47%
INVESTING ACTIVITIES
Capital Expenditures $12.95M $6.960M
YoY Change 85.99% -56.91%
Acquisitions $75.82M
YoY Change
Other Investing Activities $300.0K $50.00K
YoY Change 500.0%
Cash From Investing Activities -$13.20M -$7.800M
YoY Change 69.23% -51.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $35.77M $22.00M
YoY Change 62.59% 31.08%
Debt Paid & Issued, Net $994.0K $500.0K
YoY Change 98.8%
Cash From Financing Activities -37.00M -23.30M
YoY Change 58.8% 36.26%
NET CHANGE
Cash From Operating Activities 36.30M 9.600M
Cash From Investing Activities -13.20M -7.800M
Cash From Financing Activities -37.00M -23.30M
Net Change In Cash -13.90M -21.50M
YoY Change -35.35% 290.91%
FREE CASH FLOW
Cash From Operating Activities $36.30M $9.600M
Capital Expenditures $12.95M $6.960M
Free Cash Flow $23.36M $2.640M
YoY Change 784.66% -77.33%

Facts In Submission

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