2015 Q2 Form 10-Q Financial Statement

#000085120515000007 Filed on May 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q1
Revenue $101.4M $90.93M
YoY Change 9.86% 12.41%
Cost Of Revenue $22.34M $21.08M
YoY Change 22.84% 8.55%
Gross Profit $79.03M $69.85M
YoY Change 6.67% 13.63%
Gross Profit Margin 77.96% 76.81%
Selling, General & Admin $39.93M $34.90M
YoY Change 12.37% 8.5%
% of Gross Profit 50.53% 49.97%
Research & Development $16.99M $12.50M
YoY Change 35.63% 10.43%
% of Gross Profit 21.49% 17.9%
Depreciation & Amortization $2.346M $1.990M
YoY Change -21.8% 8.86%
% of Gross Profit 2.97% 2.85%
Operating Expenses $56.92M $47.40M
YoY Change 18.43% 9.0%
Operating Profit $22.11M $22.44M
YoY Change -15.04% 24.82%
Interest Expense $1.500M $700.0K
YoY Change 114.29% 40.0%
% of Operating Profit 6.78% 3.12%
Other Income/Expense, Net -$310.0K -$273.0K
YoY Change 313.33% -333.33%
Pretax Income $23.31M $22.85M
YoY Change -12.62% 23.14%
Income Tax $3.837M $4.341M
% Of Pretax Income 16.46% 19.0%
Net Earnings $20.50M $18.51M
YoY Change -20.99% 18.76%
Net Earnings / Revenue 20.22% 20.35%
Basic Earnings Per Share $0.24 $0.21
Diluted Earnings Per Share $0.23 $0.21
COMMON SHARES
Basic Shares Outstanding 86.76M shares 86.88M shares
Diluted Shares Outstanding 88.75M shares 89.26M shares

Balance Sheet

Concept 2015 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $178.4M $84.24M
YoY Change 44.04% -49.91%
Cash & Equivalents $36.05M $42.46M
Short-Term Investments $142.3M $41.78M
Other Short-Term Assets $26.80M $25.30M
YoY Change -38.95% 25.87%
Inventory $48.46M $28.43M
Prepaid Expenses
Receivables $56.26M $51.95M
Other Receivables $0.00 $0.00
Total Short-Term Assets $310.0M $189.9M
YoY Change 15.55% -26.14%
LONG-TERM ASSETS
Property, Plant & Equipment $48.69M $37.83M
YoY Change 27.06% 9.18%
Goodwill $81.69M $81.69M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $370.4M $379.9M
YoY Change 7.77% 54.75%
Other Assets $1.617M $2.110M
YoY Change -20.66% -16.67%
Total Long-Term Assets $528.4M $527.6M
YoY Change 7.35% 33.43%
TOTAL ASSETS
Total Short-Term Assets $310.0M $189.9M
Total Long-Term Assets $528.4M $527.6M
Total Assets $838.3M $717.5M
YoY Change 10.24% 9.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.30M $9.671M
YoY Change -13.27% 41.91%
Accrued Expenses $32.24M $26.14M
YoY Change -2.07% 7.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.91M $52.53M
YoY Change -9.76% 11.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.400M $3.900M
YoY Change 15.79% -35.0%
Total Long-Term Liabilities $4.400M $3.900M
YoY Change 15.79% -35.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.91M $52.53M
Total Long-Term Liabilities $4.400M $3.900M
Total Liabilities $71.30M $56.50M
YoY Change -8.47% 6.4%
SHAREHOLDERS EQUITY
Retained Earnings $544.4M $466.4M
YoY Change 13.53% 3.16%
Common Stock $272.1M $223.6M
YoY Change 17.32% 24.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $767.1M $661.0M
YoY Change
Total Liabilities & Shareholders Equity $838.3M $717.5M
YoY Change 10.24% 9.96%

Cashflow Statement

Concept 2015 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income $20.50M $18.51M
YoY Change -20.99% 18.76%
Depreciation, Depletion And Amortization $2.346M $1.990M
YoY Change -21.8% 8.86%
Cash From Operating Activities $3.430M $17.46M
YoY Change -75.85% -7.07%
INVESTING ACTIVITIES
Capital Expenditures $4.264M $2.685M
YoY Change -264.0% 40.72%
Acquisitions
YoY Change
Other Investing Activities -$26.60M -$7.000M
YoY Change 383.64% -75.35%
Cash From Investing Activities -$30.87M -$9.666M
YoY Change 281.12% -68.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $14.29M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $9.666M -$6.171M
YoY Change -216.46% -158.53%
NET CHANGE
Cash From Operating Activities $3.430M $17.46M
Cash From Investing Activities -$30.87M -$9.666M
Cash From Financing Activities $9.666M -$6.171M
Net Change In Cash -$17.78M $1.624M
YoY Change 707.95% -259.22%
FREE CASH FLOW
Cash From Operating Activities $3.430M $17.46M
Capital Expenditures $4.264M $2.685M
Free Cash Flow -$834.0K $14.78M
YoY Change -104.96% -12.47%

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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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25.79
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16.49
CY2015Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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41.26
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P5Y4M18D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y4M18D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M0D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y5M1D
CY2015Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2015Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2014Q1 us-gaap Stock Option Plan Expense
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CY2014Q4 us-gaap Stockholders Equity
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364000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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494000 USD
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2380000 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1985000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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86764000 shares

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