2016 Q2 Form 10-Q Financial Statement

#000162828016017683 Filed on July 21, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $255.8M $268.3M
YoY Change -4.67% -9.37%
Cost Of Revenue $174.4M $168.2M
YoY Change 3.69% -8.61%
Gross Profit $81.43M $100.2M
YoY Change -18.7% -10.63%
Gross Profit Margin 31.83% 37.33%
Selling, General & Admin $54.21M $51.57M
YoY Change 5.12% 5.19%
% of Gross Profit 66.57% 51.48%
Research & Development $10.70M $10.36M
YoY Change 3.36% -12.61%
% of Gross Profit 13.14% 10.34%
Depreciation & Amortization $21.90M $18.60M
YoY Change 17.74% 7.51%
% of Gross Profit 26.89% 18.57%
Operating Expenses $64.91M $61.92M
YoY Change 4.83% 1.73%
Operating Profit $27.22M $56.19M
YoY Change -51.55% -10.89%
Interest Expense $5.988M $7.195M
YoY Change -16.78% 50.4%
% of Operating Profit 22.0% 12.81%
Other Income/Expense, Net -$3.244M -$4.943M
YoY Change -34.37% 2.4%
Pretax Income $23.98M $51.24M
YoY Change -53.21% -11.99%
Income Tax $3.291M $4.398M
% Of Pretax Income 13.73% 8.58%
Net Earnings $20.69M $46.85M
YoY Change -55.84% -14.41%
Net Earnings / Revenue 8.09% 17.46%
Basic Earnings Per Share $1.08 $2.35
Diluted Earnings Per Share $1.02 $2.22
COMMON SHARES
Basic Shares Outstanding 18.44M shares 19.57M shares
Diluted Shares Outstanding 19.60M shares 20.67M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $158.6M $130.1M
YoY Change 21.91% 1.72%
Cash & Equivalents $120.5M $130.1M
Short-Term Investments $38.10M
Other Short-Term Assets $10.65M $5.147M
YoY Change 106.97% 132.9%
Inventory
Prepaid Expenses $7.975M $5.484M
Receivables $100.2M $116.8M
Other Receivables $1.000M $2.800M
Total Short-Term Assets $286.5M $270.9M
YoY Change 5.75% -0.32%
LONG-TERM ASSETS
Property, Plant & Equipment $114.6M $126.6M
YoY Change -9.52% 25.43%
Goodwill $81.41M $90.85M
YoY Change -10.4% 46.67%
Intangibles
YoY Change
Long-Term Investments $5.400M
YoY Change
Other Assets $12.69M $20.23M
YoY Change -37.3% 5.06%
Total Long-Term Assets $389.0M $465.1M
YoY Change -16.36% 5.89%
TOTAL ASSETS
Total Short-Term Assets $286.5M $270.9M
Total Long-Term Assets $389.0M $465.1M
Total Assets $675.5M $736.0M
YoY Change -8.22% 3.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.11M $10.21M
YoY Change 48.07% -54.82%
Accrued Expenses $29.91M $29.27M
YoY Change 2.18% 5.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $6.800M
YoY Change -100.0% 28.3%
Long-Term Debt Due $5.945M $5.945M
YoY Change 0.0% 49.56%
Total Short-Term Liabilities $120.7M $107.2M
YoY Change 12.6% -21.98%
LONG-TERM LIABILITIES
Long-Term Debt $469.8M $564.0M
YoY Change -16.71% 44.84%
Other Long-Term Liabilities $16.56M $13.21M
YoY Change 25.41% 12.55%
Total Long-Term Liabilities $486.3M $577.2M
YoY Change -15.74% 43.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.7M $107.2M
Total Long-Term Liabilities $486.3M $577.2M
Total Liabilities $607.1M $684.4M
YoY Change -11.3% 27.09%
SHAREHOLDERS EQUITY
Retained Earnings $403.5M $415.9M
YoY Change -2.99% 25.9%
Common Stock $125.3M $118.2M
YoY Change 5.98% 2.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $454.5M $486.6M
YoY Change -6.59% 77.14%
Treasury Stock Shares 7.063M shares 6.676M shares
Shareholders Equity $67.10M $47.60M
YoY Change
Total Liabilities & Shareholders Equity $675.5M $736.0M
YoY Change -8.22% 3.52%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $20.69M $46.85M
YoY Change -55.84% -14.41%
Depreciation, Depletion And Amortization $21.90M $18.60M
YoY Change 17.74% 7.51%
Cash From Operating Activities $40.40M $70.70M
YoY Change -42.86% -5.98%
INVESTING ACTIVITIES
Capital Expenditures -$6.400M -$17.50M
YoY Change -63.43% -0.57%
Acquisitions
YoY Change
Other Investing Activities -$18.80M $28.10M
YoY Change -166.9%
Cash From Investing Activities -$25.30M $10.60M
YoY Change -338.68% -160.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -54.30M -56.90M
YoY Change -4.57% 22.89%
NET CHANGE
Cash From Operating Activities 40.40M 70.70M
Cash From Investing Activities -25.30M 10.60M
Cash From Financing Activities -54.30M -56.90M
Net Change In Cash -39.20M 24.40M
YoY Change -260.66% 115.93%
FREE CASH FLOW
Cash From Operating Activities $40.40M $70.70M
Capital Expenditures -$6.400M -$17.50M
Free Cash Flow $46.80M $88.20M
YoY Change -46.94% -4.96%

Facts In Submission

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18646000 shares

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