2020 Q1 Form 10-Q Financial Statement

#000157408520000025 Filed on May 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $117.5M $128.5M
YoY Change -8.55% 25.39%
Cost Of Revenue $87.75M $82.50M
YoY Change 6.36% 29.28%
Gross Profit $29.77M $46.01M
YoY Change -35.29% 18.98%
Gross Profit Margin 25.33% 35.8%
Selling, General & Admin $55.30M $53.60M
YoY Change 3.17% 34.67%
% of Gross Profit 185.74% 116.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.55M $16.81M
YoY Change 10.35% 28.81%
% of Gross Profit 62.31% 36.54%
Operating Expenses $78.60M $76.30M
YoY Change 3.01% 31.55%
Operating Profit -$3.227M $14.08M
YoY Change -122.92% -1.46%
Interest Expense -$10.70M -$14.00M
YoY Change -23.57% 48.94%
% of Operating Profit -99.43%
Other Income/Expense, Net -$100.0K -$100.0K
YoY Change 0.0% 0.0%
Pretax Income -$14.02M -$395.0K
YoY Change 3448.61% -108.16%
Income Tax $1.370M $927.0K
% Of Pretax Income
Net Earnings -$12.93M -$981.0K
YoY Change 1218.04% -124.4%
Net Earnings / Revenue -11.0% -0.76%
Basic Earnings Per Share -$0.48 -$0.11
Diluted Earnings Per Share -$0.48 -$0.11
COMMON SHARES
Basic Shares Outstanding 32.47M shares 32.12M shares
Diluted Shares Outstanding 32.47M shares 32.12M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.8M $73.80M
YoY Change 92.14% -22.48%
Cash & Equivalents $141.8M $73.80M
Short-Term Investments
Other Short-Term Assets $6.600M $7.300M
YoY Change -9.59% 23.73%
Inventory $2.718M $2.358M
Prepaid Expenses
Receivables $13.80M $23.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $164.9M $106.8M
YoY Change 54.4% -12.6%
LONG-TERM ASSETS
Property, Plant & Equipment $1.469B $1.442B
YoY Change 1.85% 25.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.900M $1.872M
YoY Change 1.5% -6.26%
Other Assets $45.40M $86.30M
YoY Change -47.39% 34.84%
Total Long-Term Assets $1.638B $1.655B
YoY Change -1.05% 27.22%
TOTAL ASSETS
Total Short-Term Assets $164.9M $106.8M
Total Long-Term Assets $1.638B $1.655B
Total Assets $1.803B $1.762B
YoY Change 2.32% 23.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.40M $76.80M
YoY Change 13.8% 33.57%
Accrued Expenses $61.10M $60.60M
YoY Change 0.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $156.6M $154.1M
YoY Change 1.62% 125.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.135B $1.047B
YoY Change 8.39% 27.48%
Other Long-Term Liabilities $17.90M $26.50M
YoY Change -32.45% 409.62%
Total Long-Term Liabilities $1.152B $1.073B
YoY Change 7.38% 29.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $156.6M $154.1M
Total Long-Term Liabilities $1.152B $1.073B
Total Liabilities $1.309B $1.227B
YoY Change 6.65% 37.19%
SHAREHOLDERS EQUITY
Retained Earnings -$166.1M -$132.6M
YoY Change 25.29% 44.47%
Common Stock $335.0K $328.0K
YoY Change 2.13% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $358.6M $382.5M
YoY Change
Total Liabilities & Shareholders Equity $1.803B $1.762B
YoY Change 2.32% 23.8%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$12.93M -$981.0K
YoY Change 1218.04% -124.4%
Depreciation, Depletion And Amortization $18.55M $16.81M
YoY Change 10.35% 28.81%
Cash From Operating Activities -$865.0K -$616.0K
YoY Change 40.42% -115.6%
INVESTING ACTIVITIES
Capital Expenditures -$7.510M -$148.7M
YoY Change -94.95% 634.88%
Acquisitions $0.00 $112.1M
YoY Change -100.0% 2391.0%
Other Investing Activities $920.0K -$160.0K
YoY Change -675.0% -92.0%
Cash From Investing Activities -$6.587M -$148.9M
YoY Change -95.58% 569.61%
FINANCING ACTIVITIES
Cash Dividend Paid $8.490M $7.979M
YoY Change 6.4% 6.13%
Common Stock Issuance & Retirement, Net $28.00K $202.0K
YoY Change -86.14% 172.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $64.28M $51.13M
YoY Change 25.71% -705.35%
NET CHANGE
Cash From Operating Activities -$865.0K -$616.0K
Cash From Investing Activities -$6.587M -$148.9M
Cash From Financing Activities $64.28M $51.13M
Net Change In Cash $56.83M -$98.38M
YoY Change -157.77% 267.98%
FREE CASH FLOW
Cash From Operating Activities -$865.0K -$616.0K
Capital Expenditures -$7.510M -$148.7M
Free Cash Flow $6.645M $148.1M
YoY Change -95.51% 512.36%

Facts In Submission

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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#8212;The preparation of these </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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