2011 Q4 Form 10-Q Financial Statement

#000110465911060457 Filed on November 03, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2010 Q3
Revenue $93.65M $95.58M
YoY Change -0.16% -5.93%
Cost Of Revenue $35.40M $36.40M
YoY Change 3.21% 0.55%
Gross Profit $58.30M $59.20M
YoY Change -1.85% -9.48%
Gross Profit Margin 62.25% 61.94%
Selling, General & Admin $20.10M $21.69M
YoY Change -9.05% -15.29%
% of Gross Profit 34.48% 36.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.80M $21.92M
YoY Change -1.8% 2.9%
% of Gross Profit 37.39% 37.02%
Operating Expenses $42.50M $21.69M
YoY Change -4.28% -53.76%
Operating Profit $15.76M $15.60M
YoY Change 5.04% -15.67%
Interest Expense -$4.100M -$4.900M
YoY Change -42.25% -42.35%
% of Operating Profit -26.02% -31.41%
Other Income/Expense, Net $800.0K $210.0K
YoY Change -20.0% -205.0%
Pretax Income $12.40M $10.92M
YoY Change 39.33% 11.41%
Income Tax $4.400M -$1.049M
% Of Pretax Income 35.48% -9.61%
Net Earnings $7.876M $11.97M
YoY Change 15.82% 68.55%
Net Earnings / Revenue 8.41% 12.52%
Basic Earnings Per Share $0.40
Diluted Earnings Per Share $266.9K $400.0K
COMMON SHARES
Basic Shares Outstanding 29.91M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.7M $56.00M
YoY Change 56.13% 75.55%
Cash & Equivalents $105.7M $55.96M
Short-Term Investments
Other Short-Term Assets $46.00K $14.40M
YoY Change -99.62% 0.0%
Inventory $7.151M $7.300M
Prepaid Expenses
Receivables $35.49M $41.60M
Other Receivables $9.000M $5.500M
Total Short-Term Assets $162.0M $124.8M
YoY Change 18.86% 26.83%
LONG-TERM ASSETS
Property, Plant & Equipment $338.4M $359.6M
YoY Change -4.95% -6.01%
Goodwill $520.6M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $48.30M $98.10M
YoY Change -2.62% 0.31%
Other Assets $71.00K $6.000M
YoY Change -98.66% -13.04%
Total Long-Term Assets $1.032B $1.083B
YoY Change -3.84% -4.12%
TOTAL ASSETS
Total Short-Term Assets $162.0M $124.8M
Total Long-Term Assets $1.032B $1.083B
Total Assets $1.194B $1.208B
YoY Change -1.28% -1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.651M $9.600M
YoY Change -33.3% -16.52%
Accrued Expenses $21.36M $19.60M
YoY Change -5.7% -12.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.800M $0.00
YoY Change 8700.0% -100.0%
Total Short-Term Liabilities $85.29M $75.70M
YoY Change 12.83% 6.47%
LONG-TERM LIABILITIES
Long-Term Debt $871.2M $880.0M
YoY Change -1.0% 0.0%
Other Long-Term Liabilities $492.0K $110.1M
YoY Change -99.53% -20.68%
Total Long-Term Liabilities $871.7M $990.1M
YoY Change -0.94% -2.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.29M $75.70M
Total Long-Term Liabilities $871.7M $990.1M
Total Liabilities $1.146B $1.143B
YoY Change 0.75% -2.0%
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock $80.15M
YoY Change -18.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.32M $65.30M
YoY Change
Total Liabilities & Shareholders Equity $1.194B $1.208B
YoY Change -1.28% -1.64%

Cashflow Statement

Concept 2011 Q4 2010 Q3
OPERATING ACTIVITIES
Net Income $7.876M $11.97M
YoY Change 15.82% 68.55%
Depreciation, Depletion And Amortization $21.80M $21.92M
YoY Change -1.8% 2.9%
Cash From Operating Activities $36.20M $24.60M
YoY Change 2.55% -28.07%
INVESTING ACTIVITIES
Capital Expenditures -$10.60M -$10.80M
YoY Change 15.22% 1.89%
Acquisitions
YoY Change
Other Investing Activities $400.0K $0.00
YoY Change 300.0%
Cash From Investing Activities -$10.10M -$10.70M
YoY Change 9.78% 0.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.40M -11.60M
YoY Change -13.89% -0.85%
NET CHANGE
Cash From Operating Activities 36.20M 24.60M
Cash From Investing Activities -10.10M -10.70M
Cash From Financing Activities -12.40M -11.60M
Net Change In Cash 13.70M 2.300M
YoY Change 17.09% -80.67%
FREE CASH FLOW
Cash From Operating Activities $36.20M $24.60M
Capital Expenditures -$10.60M -$10.80M
Free Cash Flow $46.80M $35.40M
YoY Change 5.17% -20.98%

Facts In Submission

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold" size="2">2.</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold" size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold" size="2">Recent Accounting Pronouncements</font></b></p> <p style="TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&nbsp;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">In May 2011, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update No. 2011-04 (&#147;ASU 2011-04&#148;), <i>Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (&#147;IFRS&#148;)</i>.&nbsp; This pronouncement was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS.&nbsp; ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements.&nbsp; This pronouncement is effective for reporting periods beginning on or after December 31, 2011.&nbsp; The adoption of ASU 2011-04 is not expected to have a significant impact to the Company&#146;s consolidated financial position or results of operations.</font></p> <p style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align="center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&nbsp;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">In June 2011, the FASB issued Accounting Standards Update No. 2011-05 (&#147;ASU 2011-05&#148;), <i>Presentation of Income</i>.&nbsp; ASU 2011-05 eliminates the option to report other comprehensive income and its components in the statement of changes in stockholder&#146;s equity and requires an entity to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement or in two separate but consecutive statements.&nbsp; This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.&nbsp; The Company believes the adoption of ASU 2011-05 concerns presentation and disclosure only and will not have an impact on its consolidated financial position or results of operations.</font></p></td></tr></table>
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dei Document Fiscal Period Focus
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dei Entity Filer Category
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dei Entity Current Reporting Status
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dei Current Fiscal Year End Date
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dei Document Period End Date
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
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dei Entity Registrant Name
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Consolidated Communications Holdings, Inc.
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Files In Submission

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