2019 Q1 Form 10-Q Financial Statement

#000146241819000024 Filed on April 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $169.9M $197.4M
YoY Change -13.93% -17.9%
Cost Of Revenue $124.2M $147.2M
YoY Change -15.61% -17.28%
Gross Profit $45.72M $50.24M
YoY Change -9.0% -19.65%
Gross Profit Margin 26.9% 25.45%
Selling, General & Admin $41.93M $43.12M
YoY Change -2.78% -9.6%
% of Gross Profit 91.7% 85.83%
Research & Development $9.478M $9.451M
YoY Change 0.29% -16.74%
% of Gross Profit 20.73% 18.81%
Depreciation & Amortization $5.631M $15.80M
YoY Change -64.36% -17.28%
% of Gross Profit 12.32% 31.45%
Operating Expenses $51.40M $52.58M
YoY Change -2.23% -10.97%
Operating Profit -$626.0K $7.120M
YoY Change -108.79% -51.99%
Interest Expense $5.952M $5.863M
YoY Change 1.52% 1.12%
% of Operating Profit 82.35%
Other Income/Expense, Net -$3.340M -$12.09M
YoY Change -72.38% 137.89%
Pretax Income -$3.966M -$4.972M
YoY Change -20.23% -151.02%
Income Tax -$1.222M -$1.365M
% Of Pretax Income
Net Earnings -$2.744M -$2.744M
YoY Change 0.0% -138.32%
Net Earnings / Revenue -1.61% -1.39%
Basic Earnings Per Share -$0.20 -$0.24
Diluted Earnings Per Share -$0.20 -$0.24
COMMON SHARES
Basic Shares Outstanding 16.29M shares 17.38M shares
Diluted Shares Outstanding 16.29M shares 17.38M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.2M $165.8M
YoY Change -21.47% -15.32%
Cash & Equivalents $51.51M $84.85M
Short-Term Investments $78.70M $81.00M
Other Short-Term Assets $6.570M $10.82M
YoY Change -39.3% 44.89%
Inventory
Prepaid Expenses $6.903M $7.748M
Receivables $28.63M $50.84M
Other Receivables $11.90M $9.700M
Total Short-Term Assets $214.7M $251.3M
YoY Change -14.57% -19.12%
LONG-TERM ASSETS
Property, Plant & Equipment $74.99M $65.59M
YoY Change 14.34% -31.7%
Goodwill $79.01M $86.28M
YoY Change -8.43% 0.0%
Intangibles
YoY Change
Long-Term Investments $3.600M $5.200M
YoY Change -30.77% -10.34%
Other Assets $10.19M $10.01M
YoY Change 1.82% -13.9%
Total Long-Term Assets $544.9M $580.5M
YoY Change -6.14% 69.34%
TOTAL ASSETS
Total Short-Term Assets $214.7M $251.3M
Total Long-Term Assets $544.9M $580.5M
Total Assets $759.5M $831.8M
YoY Change -8.68% 27.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.91M $11.32M
YoY Change 84.63% -9.38%
Accrued Expenses $24.44M $30.63M
YoY Change -20.2% -3.47%
Deferred Revenue $7.597M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.222M $5.945M
YoY Change 55.12% 0.0%
Total Short-Term Liabilities $110.8M $94.56M
YoY Change 17.21% -9.88%
LONG-TERM LIABILITIES
Long-Term Debt $322.6M $401.7M
YoY Change -19.7% -13.89%
Other Long-Term Liabilities $30.77M $15.42M
YoY Change 99.59% 59.15%
Total Long-Term Liabilities $353.3M $417.1M
YoY Change -15.29% -12.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.8M $94.56M
Total Long-Term Liabilities $353.3M $417.1M
Total Liabilities $464.2M $511.7M
YoY Change -9.29% -11.95%
SHAREHOLDERS EQUITY
Retained Earnings $584.8M $600.3M
YoY Change -2.58% 78.37%
Common Stock $150.7M $140.1M
YoY Change 7.58% 4.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $441.1M $421.5M
YoY Change 4.67% 2.57%
Treasury Stock Shares 9.104M shares 8.070M shares
Shareholders Equity $294.3M $318.9M
YoY Change
Total Liabilities & Shareholders Equity $759.5M $831.8M
YoY Change -8.68% 27.28%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$2.744M -$2.744M
YoY Change 0.0% -138.32%
Depreciation, Depletion And Amortization $5.631M $15.80M
YoY Change -64.36% -17.28%
Cash From Operating Activities -$6.655M -$8.569M
YoY Change -22.34% -53.33%
INVESTING ACTIVITIES
Capital Expenditures $790.0K $1.258M
YoY Change -37.2% -35.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$790.0K -$1.258M
YoY Change -37.2% -35.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $9.994M
YoY Change -100.0% -5.63%
Debt Paid & Issued, Net $0.00 $1.486M
YoY Change -100.0%
Cash From Financing Activities -$1.177M -$10.03M
YoY Change -88.27% -15.66%
NET CHANGE
Cash From Operating Activities -$6.655M -$8.569M
Cash From Investing Activities -$790.0K -$1.258M
Cash From Financing Activities -$1.177M -$10.03M
Net Change In Cash -$8.622M -$19.86M
YoY Change -56.58% -38.32%
FREE CASH FLOW
Cash From Operating Activities -$6.655M -$8.569M
Capital Expenditures $790.0K $1.258M
Free Cash Flow -$7.445M -$9.827M
YoY Change -24.24% -51.6%

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16292000 shares

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