2014 Q4 Form 10-Q Financial Statement

#000119312514402770 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $49.67M
YoY Change 12.61%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.800M $2.432M $2.800M
YoY Change 0.0% 5.42% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.155M
YoY Change -7.04%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $22.90M $27.63M $19.80M
YoY Change 15.66% 31.2% 8.2%
Income Tax $7.100M -$8.832M $6.000M
% Of Pretax Income 31.0% -31.97% 30.3%
Net Earnings $15.75M $18.79M $13.86M
YoY Change 13.62% 29.69% 12.64%
Net Earnings / Revenue 37.84%
Basic Earnings Per Share $1.02 $1.22 $0.91
Diluted Earnings Per Share $0.99 $1.19 $0.88
COMMON SHARES
Basic Shares Outstanding 15.49M shares 15.43M
Diluted Shares Outstanding 15.80M

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.439B $2.369B $2.385B
YoY Change 2.24% 2.93% -4.89%
Cash & Equivalents $1.914B $1.833B $1.858B
Short-Term Investments $524.8M $535.6M $527.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $121.3M $121.7M $117.9M
YoY Change 2.95% 2.97% 2.04%
Goodwill $44.96M $44.96M $44.55M
YoY Change 0.94% 0.94% 0.0%
Intangibles $10.64M $11.11M $10.27M
YoY Change 3.52% 4.45% -14.98%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.575B $6.407B $6.039B
YoY Change 8.88% 8.1% 0.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.00M $32.00M $24.00M
YoY Change 25.0% 6.67% 1100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.982M $11.47M $4.590M
YoY Change -13.25% 126.11% 0.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.00M $32.00M $24.00M
YoY Change 25.0% 6.67% 1100.0%
LONG-TERM LIABILITIES
Long-Term Debt $27.00M $27.00M $27.00M
YoY Change 0.0% 0.0% -25.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $27.00M $27.00M $27.00M
YoY Change 0.0% 0.0% -50.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.00M $32.00M $24.00M
Total Long-Term Liabilities $27.00M $27.00M $27.00M
Total Liabilities $5.966B $5.810B $5.482B
YoY Change 8.82% 7.98% -0.38%
SHAREHOLDERS EQUITY
Retained Earnings $492.8M $482.3M $449.0M
YoY Change 9.76% 9.65% 8.02%
Common Stock $112.3M $15.45M $15.33M
YoY Change 632.65% 0.99% 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $609.3M $596.2M $557.0M
YoY Change
Total Liabilities & Shareholders Equity $6.575B $6.407B $6.039B
YoY Change 8.88% 8.1% 0.28%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income $15.75M $18.79M $13.86M
YoY Change 13.62% 29.69% 12.64%
Depreciation, Depletion And Amortization $2.800M $2.432M $2.800M
YoY Change 0.0% 5.42% 0.0%
Cash From Operating Activities $17.10M $28.60M $7.600M
YoY Change 125.0% 2.88% -38.71%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M -$2.700M -$3.100M
YoY Change -3.23% -27.03% -24.39%
Acquisitions
YoY Change
Other Investing Activities -$87.80M -$64.20M -$78.30M
YoY Change 12.13% -13.01% -48.66%
Cash From Investing Activities -$90.70M -$67.00M -$81.40M
YoY Change 11.43% -13.55% -48.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 154.1M 15.20M 104.5M
YoY Change 47.46% -90.28% -40.86%
NET CHANGE
Cash From Operating Activities 17.10M 28.60M 7.600M
Cash From Investing Activities -90.70M -67.00M -81.40M
Cash From Financing Activities 154.1M 15.20M 104.5M
Net Change In Cash 80.50M -23.20M 30.70M
YoY Change 162.21% -121.76% -5.54%
FREE CASH FLOW
Cash From Operating Activities $17.10M $28.60M $7.600M
Capital Expenditures -$3.000M -$2.700M -$3.100M
Free Cash Flow $20.10M $31.30M $10.70M
YoY Change 87.85% -0.63% -35.15%

Facts In Submission

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates in the Preparation of Financial Statements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States inherently involves the use of estimates and assumptions that affect the amounts reported in the financial statements and the related disclosures. These estimates relate principally to the determination of the allowance for loan losses, income taxes, the fair value of financial instruments and the valuation of intangibles. Such estimates and assumptions may change over time and actual amounts realized may differ from those reported.</p> </div>
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