2014 Q2 Form 10-Q Financial Statement

#000110465914058141 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q4
Revenue $94.62M $92.94M $89.86M
YoY Change 10.28% 9.92% 8.77%
Cost Of Revenue $39.61M $38.84M $38.40M
YoY Change 6.82% 4.09% 1.99%
Gross Profit $55.02M $54.10M $51.46M
YoY Change 12.91% 14.51% 14.45%
Gross Profit Margin 58.14% 58.21% 57.27%
Selling, General & Admin $26.14M $26.29M $22.80M
YoY Change 23.15% 22.46% 15.74%
% of Gross Profit 47.51% 48.59% 44.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.30M $17.20M $16.60M
YoY Change 8.81% 8.38% 3.11%
% of Gross Profit 31.45% 31.8% 32.26%
Operating Expenses $26.14M $26.29M $39.40M
YoY Change 23.15% 22.46% 10.36%
Operating Profit $14.31M $12.91M $12.07M
YoY Change 23.34% 30.31% 31.58%
Interest Expense $13.79M $11.30M -$10.10M
YoY Change 34.98% 14.53% 20.24%
% of Operating Profit 96.37% 87.57% -83.71%
Other Income/Expense, Net
YoY Change
Pretax Income $787.0K $8.436M $2.000M
YoY Change -60.13% 36.17% 150.0%
Income Tax -$421.0K $1.616M -$50.60M
% Of Pretax Income -53.49% 19.16% -2530.0%
Net Earnings $1.200M $100.0K $52.60M
YoY Change -25.0% -75.0% -17633.33%
Net Earnings / Revenue 1.27% 0.11% 58.54%
Basic Earnings Per Share $1.14
Diluted Earnings Per Share $25.92K $2.132K $1.10
COMMON SHARES
Basic Shares Outstanding 45.90M shares 46.41M shares 46.30M shares
Diluted Shares Outstanding 46.29M shares 46.91M shares 48.80M shares

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $349.8M $263.7M $304.9M
YoY Change 47.41% 12.21% 23.29%
Cash & Equivalents $349.8M $263.7M $304.9M
Short-Term Investments
Other Short-Term Assets $22.50M $23.80M $18.80M
YoY Change 56.25% 91.94% 88.0%
Inventory
Prepaid Expenses
Receivables $33.51M $33.13M $30.63M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $405.8M $320.7M $354.3M
YoY Change 45.49% 16.94% 25.96%
LONG-TERM ASSETS
Property, Plant & Equipment $353.7M $346.2M $341.2M
YoY Change 7.59% 5.51% 9.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $63.30M $58.40M $59.60M
YoY Change 362.04% 317.14% 322.7%
Total Long-Term Assets $417.0M $404.6M $400.8M
YoY Change 21.77% 18.3% 23.23%
TOTAL ASSETS
Total Short-Term Assets $405.8M $320.7M $354.3M
Total Long-Term Assets $417.0M $404.6M $400.8M
Total Assets $822.8M $725.2M $755.1M
YoY Change 32.41% 17.7% 24.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.97M $16.44M $14.10M
YoY Change 6.2% -1.55% -4.32%
Accrued Expenses $34.75M $27.22M $31.47M
YoY Change 26.14% 12.02% 18.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.300M $98.70M $98.10M
YoY Change -91.04% 1373.13% 834.29%
Total Short-Term Liabilities $60.06M $142.3M $143.7M
YoY Change -55.89% 198.42% 177.72%
LONG-TERM LIABILITIES
Long-Term Debt $600.7M $399.4M $398.0M
YoY Change 87.84% -0.7% 3.4%
Other Long-Term Liabilities $21.37M $20.54M $19.97M
YoY Change 97.33% 97.46% 98.32%
Total Long-Term Liabilities $21.37M $20.54M $19.97M
YoY Change 97.33% -95.02% 98.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.06M $142.3M $143.7M
Total Long-Term Liabilities $21.37M $20.54M $19.97M
Total Liabilities $682.2M $562.2M $561.6M
YoY Change 46.13% 22.12% 25.71%
SHAREHOLDERS EQUITY
Retained Earnings -$341.8M -$335.2M -$316.9M
YoY Change -1.75% -6.31%
Common Stock $480.8M $496.5M $508.3M
YoY Change -4.46% 2.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $140.6M $163.0M $193.5M
YoY Change
Total Liabilities & Shareholders Equity $822.8M $725.2M $755.1M
YoY Change 32.41% 17.7% 24.5%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q4
OPERATING ACTIVITIES
Net Income $1.200M $100.0K $52.60M
YoY Change -25.0% -75.0% -17633.33%
Depreciation, Depletion And Amortization $17.30M $17.20M $16.60M
YoY Change 8.81% 8.38% 3.11%
Cash From Operating Activities $28.40M $10.60M $29.30M
YoY Change -29.33% -9.29%
INVESTING ACTIVITIES
Capital Expenditures -$16.00M $15.62M -$10.10M
YoY Change -4.25% -0.98%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00 $100.0K
YoY Change
Cash From Investing Activities -$15.90M -$15.60M -$10.10M
YoY Change -4.29% -1.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.20M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 73.50M -35.80M -19.20M
YoY Change 250.98% 163.01%
NET CHANGE
Cash From Operating Activities 28.40M 10.60M 29.30M
Cash From Investing Activities -15.90M -15.60M -10.10M
Cash From Financing Activities 73.50M -35.80M -19.20M
Net Change In Cash 86.00M -40.80M 0.00000001118
YoY Change 254.78% -100.0%
FREE CASH FLOW
Cash From Operating Activities $28.40M $10.60M $29.30M
Capital Expenditures -$16.00M $15.62M -$10.10M
Free Cash Flow $44.40M -$5.023M $39.40M
YoY Change 281.69% -7.29%

Facts In Submission

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us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14139000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-6791000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5969000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-13486000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-11471000 USD
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
50000000 USD
us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
13700000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
926888 shares
CY2014Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
521891 shares
CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
50122000 USD
CY2013Q4 ccoi Return Of Capital Program Quarterly Payments
ReturnOfCapitalProgramQuarterlyPayments
10000000 USD
CY2013Q4 ccoi Common Stock Dividends Per Share Declared Under Capital Program
CommonStockDividendsPerShareDeclaredUnderCapitalProgram
0.22
CY2012Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4537000 USD
CY2012Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5012000 USD
CY2013Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5489000 USD
CY2013Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6145000 USD
CY2013Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6512000 USD
CY2013Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17206000 USD
CY2014Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18352000 USD
CY2014Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7882000 USD
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
CY2014Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14200000 USD
CY2014Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
17900000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2014Q2 us-gaap Liabilities
Liabilities
682165000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
32100000 USD
CY2014Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
94623000 USD
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
85803000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
187560000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
170357000 USD
CY2013Q4 us-gaap Noncurrent Assets
NoncurrentAssets
341231000 USD
CY2014Q2 us-gaap Noncurrent Assets
NoncurrentAssets
353703000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
304866000 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
30628000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18777000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
354271000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
341193000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
50861000 USD
CY2013Q4 ccoi Deposits And Other Assets Noncurrent
DepositsAndOtherAssetsNoncurrent
8776000 USD
CY2013Q4 us-gaap Assets
Assets
755101000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
7578000 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
14098000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
31465000 USD

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