2020 Q1 Form 10-Q Financial Statement

#000163156920000013 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $17.94M $13.44M
YoY Change 33.44% 17.6%
Cost Of Revenue $3.340M $3.080M
YoY Change 8.44% 30.51%
Gross Profit $14.59M $10.37M
YoY Change 40.69% 14.33%
Gross Profit Margin 81.34% 77.15%
Selling, General & Admin $2.190M $1.790M
YoY Change 22.35% 50.42%
% of Gross Profit 15.01% 17.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.060M $5.421M
YoY Change 11.79% 5.61%
% of Gross Profit 41.54% 52.28%
Operating Expenses $11.59M $10.11M
YoY Change 14.72% 19.27%
Operating Profit $2.996M $264.0K
YoY Change 1034.85% -55.78%
Interest Expense $2.249M $2.054M
YoY Change 9.49% 61.99%
% of Operating Profit 75.07% 778.03%
Other Income/Expense, Net -$1.902M
YoY Change 75.46%
Pretax Income $6.342M $1.450M
YoY Change 337.38% -22.54%
Income Tax
% Of Pretax Income
Net Earnings $4.100M $1.450M
YoY Change 182.76% -22.54%
Net Earnings / Revenue 22.86% 10.79%
Basic Earnings Per Share $0.18 $0.06
Diluted Earnings Per Share $0.18 $0.06
COMMON SHARES
Basic Shares Outstanding 20.74M shares 17.95M shares
Diluted Shares Outstanding 20.74M shares 17.95M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.300M $3.900M
YoY Change -15.38% 69.57%
Cash & Equivalents $3.326M $3.868M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.300M $3.900M
YoY Change -15.38% 69.57%
LONG-TERM ASSETS
Property, Plant & Equipment $558.4M $417.9M
YoY Change 33.62% 15.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000M $200.0K
YoY Change 900.0%
Total Long-Term Assets $593.5M $452.8M
YoY Change 31.05% 13.92%
TOTAL ASSETS
Total Short-Term Assets $3.300M $3.900M
Total Long-Term Assets $593.5M $452.8M
Total Assets $596.8M $456.7M
YoY Change 30.66% 14.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.300M $3.400M
YoY Change 55.88% -10.53%
Accrued Expenses $100.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.300M $3.500M
YoY Change 51.43% -7.89%
LONG-TERM LIABILITIES
Long-Term Debt $203.3M $179.1M
YoY Change 13.51% 60.77%
Other Long-Term Liabilities $20.40M $4.500M
YoY Change 353.33% -10.0%
Total Long-Term Liabilities $223.7M $183.6M
YoY Change 21.84% 57.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.300M $3.500M
Total Long-Term Liabilities $223.7M $183.6M
Total Liabilities $229.0M $187.0M
YoY Change 22.42% 55.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $476.0M $342.8M
YoY Change 38.85% 5.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $367.8M $269.7M
YoY Change
Total Liabilities & Shareholders Equity $596.8M $456.7M
YoY Change 30.66% 14.24%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $4.100M $1.450M
YoY Change 182.76% -22.54%
Depreciation, Depletion And Amortization $6.060M $5.421M
YoY Change 11.79% 5.61%
Cash From Operating Activities $10.25M $7.330M
YoY Change 39.88% 23.23%
INVESTING ACTIVITIES
Capital Expenditures -$37.06M -$33.37M
YoY Change 11.06% 135.5%
Acquisitions
YoY Change
Other Investing Activities $1.550M $30.00K
YoY Change 5066.67% -101.38%
Cash From Investing Activities -$35.51M -$33.33M
YoY Change 6.52% 103.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $26.93M $4.724M
YoY Change 470.03%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $26.84M $27.65M
YoY Change -2.92% 161.9%
NET CHANGE
Cash From Operating Activities $10.25M $7.330M
Cash From Investing Activities -$35.51M -$33.33M
Cash From Financing Activities $26.84M $27.65M
Net Change In Cash $1.585M $1.642M
YoY Change -3.47% 959.35%
FREE CASH FLOW
Cash From Operating Activities $10.25M $7.330M
Capital Expenditures -$37.06M -$33.37M
Free Cash Flow $47.31M $40.70M
YoY Change 16.25% 102.31%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2023000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2392000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3608000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4034000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
1876000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
1783000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1165000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
81000 USD
CY2020Q1 chct Non Cash Transaction Reclassification Between Accounts And Notes Receivable
NonCashTransactionReclassificationBetweenAccountsAndNotesReceivable
0 USD
CY2019Q1 chct Non Cash Transaction Reclassification Between Accounts And Notes Receivable
NonCashTransactionReclassificationBetweenAccountsAndNotesReceivable
40000 USD
CY2020Q1 chct Reclassificationof Registration Statement Costs Incurred In Prior Yearto Equity Issuance Costs
ReclassificationofRegistrationStatementCostsIncurredInPriorYeartoEquityIssuanceCosts
32000 USD
CY2019Q1 chct Reclassificationof Registration Statement Costs Incurred In Prior Yearto Equity Issuance Costs
ReclassificationofRegistrationStatementCostsIncurredInPriorYeartoEquityIssuanceCosts
100000 USD
CY2020Q1 chct Leasing Commissions Accrued
LeasingCommissionsAccrued
125000 USD
CY2020Q1 chct Increase Decrease In Fair Value Of Cash Flow Hedges
IncreaseDecreaseInFairValueOfCashFlowHedges
-8875000 USD
CY2019Q1 chct Increase Decrease In Fair Value Of Cash Flow Hedges
IncreaseDecreaseInFairValueOfCashFlowHedges
-1213000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 USD
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2020Q1 chct Real Estate Investment Propertyand Mortgages
RealEstateInvestmentPropertyandMortgages
641900000 USD
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
124 real_estate_property
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
33 state
CY2020Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
2700000 sqft
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates in the Condensed Consolidated Financial Statements</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preparation of the Condensed Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Actual results may materially differ from those estimates.</span></div>
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3326000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3868000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
282000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
166000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3608000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4034000 USD
CY2020Q1 chct Real Estate Investment Propertyand Mortgages
RealEstateInvestmentPropertyandMortgages
641900000 USD
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
124 real_estate_property
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
124 real_estate_property
CY2020Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
74680000 USD
CY2020Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
566954000 USD
CY2020Q1 chct Real Estate Personal Property
RealEstatePersonalProperty
222000 USD
CY2020Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
641856000 USD
CY2020Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
83582000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
43558000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
55465000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
51975000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
47086000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
43905000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
273367000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
515356000 USD
CY2020Q1 us-gaap Straight Line Rent
StraightLineRent
900000 USD
CY2019Q1 us-gaap Straight Line Rent
StraightLineRent
300000 USD
CY2020Q1 chct Numberof Real Estate Properties Acquired
NumberofRealEstatePropertiesAcquired
6 real_estate_property
CY2020Q1 chct Percentageof Acquired Building Leasedat Acquisition
PercentageofAcquiredBuildingLeasedatAcquisition
0.982
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
203276000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
194243000 USD
CY2020Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
3400000 USD
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21410578 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18634502 shares
CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
610786 shares
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2554247 shares
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
103905 shares
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
221829 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22125269 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21410578 shares
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
4100000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
1450000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
424000 USD
CY2019Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
324000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3676000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1126000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
21732430 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
18735673 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
997812 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
781003 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20734618 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17954670 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20734618 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17954670 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2020Q1 us-gaap Notes Receivable Net
NotesReceivableNet
21950000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
23500000 USD
CY2020Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
3252000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
3021000 USD
CY2020Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
6146000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
5267000 USD
CY2020Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
484000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
488000 USD
CY2020Q1 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
639000 USD
CY2019Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
693000 USD
CY2020Q1 chct Leasing Commissions Net
LeasingCommissionsNet
959000 USD
CY2019Q4 chct Leasing Commissions Net
LeasingCommissionsNet
875000 USD
CY2020Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
595000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
595000 USD
CY2020Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
257000 USD
CY2019Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
144000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139000 USD
CY2020Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
451000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
457000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
34872000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
35179000 USD

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