2013 Q3 Form 10-Q Financial Statement

#000110465913061608 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $150.8M $151.3M $86.56M
YoY Change -0.17% 74.82% -6.55%
Cost Of Revenue $55.80M $55.90M $32.00M
YoY Change 0.72% 74.69% -6.71%
Gross Profit $95.00M $95.40M $54.50M
YoY Change -0.63% 75.05% -6.68%
Gross Profit Margin 63.01% 63.05% 62.96%
Selling, General & Admin $33.72M $33.54M $19.12M
YoY Change -5.21% 75.43% 0.11%
% of Gross Profit 35.49% 35.16% 35.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.76M $34.71M $21.71M
YoY Change -8.87% 59.89% -1.27%
% of Gross Profit 36.59% 36.38% 39.83%
Operating Expenses $33.72M $33.54M $57.08M
YoY Change -69.26% -41.24% 2.02%
Operating Profit $26.17M $26.95M $13.15M
YoY Change 219.69% 104.97% -10.45%
Interest Expense -$20.63M -$20.70M $16.94M
YoY Change 0.04% -222.21% 36.2%
% of Operating Profit -78.85% -76.81% 128.81%
Other Income/Expense, Net -$687.0K $82.00K $185.0K
YoY Change -396.12% -55.68% -11.9%
Pretax Income $14.54M $15.03M $3.201M
YoY Change -465.38% 369.38% -62.74%
Income Tax $4.205M $5.465M $880.0K
% Of Pretax Income 28.93% 36.37% 27.49%
Net Earnings $11.69M $9.194M $2.786M
YoY Change -1311.81% 230.01% -47.93%
Net Earnings / Revenue 7.76% 6.08% 3.22%
Basic Earnings Per Share
Diluted Earnings Per Share $294.0K $231.2K $64.97K
COMMON SHARES
Basic Shares Outstanding 40.11M shares 40.11M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.300M $3.500M $85.00M
YoY Change -74.6% -95.88% 3.66%
Cash & Equivalents $6.291M $3.520M $84.98M
Short-Term Investments
Other Short-Term Assets $24.60M $23.50M $45.00K
YoY Change 26.15% 52122.22% -99.66%
Inventory $7.200M
Prepaid Expenses
Receivables $56.85M $56.53M $35.20M
Other Receivables $1.600M $2.000M $11.20M
Total Short-Term Assets $89.25M $85.46M $466.3M
YoY Change -23.36% -81.67% 222.92%
LONG-TERM ASSETS
Property, Plant & Equipment $891.0M $895.6M $321.0M
YoY Change 1.7% 178.96% -6.73%
Goodwill $603.4M $603.4M $520.6M
YoY Change -4.21% 15.92%
Intangibles
YoY Change
Long-Term Investments $112.9M $111.8M $99.40M
YoY Change 9.72% 12.47% 0.3%
Other Assets $15.30M $16.00M $54.00K
YoY Change 10.87% 29529.63% -99.04%
Total Long-Term Assets $1.665B $1.672B $1.013B
YoY Change -1.25% 65.02% -3.58%
TOTAL ASSETS
Total Short-Term Assets $89.25M $85.46M $466.3M
Total Long-Term Assets $1.665B $1.672B $1.013B
Total Assets $1.754B $1.757B $1.479B
YoY Change -2.68% 18.78% 23.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.060M $7.630M $15.10M
YoY Change -59.15% -49.47% 39.81%
Accrued Expenses $35.13M $33.76M $34.64M
YoY Change -22.92% -2.55% 108.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.900M $9.800M $8.800M
YoY Change 10.0% 11.36% 91.3%
Total Short-Term Liabilities $130.6M $113.3M $102.3M
YoY Change -16.44% 10.78% 39.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.202B $1.214B $1.169B
YoY Change 0.01% 3.86% 32.84%
Other Long-Term Liabilities $154.8M $162.7M $466.0K
YoY Change 7.05% 34814.16% -99.53%
Total Long-Term Liabilities $1.357B $1.377B $466.0K
YoY Change 0.76% 295415.02% -99.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.6M $113.3M $102.3M
Total Long-Term Liabilities $1.357B $1.377B $466.0K
Total Liabilities $1.630B $1.631B $1.453B
YoY Change -0.53% 12.27% 28.11%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $161.0M $401.0K
YoY Change -15.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $119.7M $122.2M $26.90M
YoY Change
Total Liabilities & Shareholders Equity $1.754B $1.757B $1.479B
YoY Change -2.68% 18.78% 23.79%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $11.69M $9.194M $2.786M
YoY Change -1311.81% 230.01% -47.93%
Depreciation, Depletion And Amortization $34.76M $34.71M $21.71M
YoY Change -8.87% 59.89% -1.27%
Cash From Operating Activities $56.40M $28.00M $28.50M
YoY Change 158.72% -1.75% -5.32%
INVESTING ACTIVITIES
Capital Expenditures -$28.00M -$25.10M -$10.70M
YoY Change -5.41% 134.58% 0.0%
Acquisitions
YoY Change
Other Investing Activities $2.300M $0.00 -$298.5M
YoY Change -102.93% -100.0% -74725.0%
Cash From Investing Activities -$25.60M -$25.20M -$309.2M
YoY Change -76.34% -91.85% 2873.08%
FINANCING ACTIVITIES
Cash Dividend Paid $15.50M $15.40M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.00M -8.000M 267.2M
YoY Change -206.87% -102.99% -1881.33%
NET CHANGE
Cash From Operating Activities 56.40M 28.00M 28.50M
Cash From Investing Activities -25.60M -25.20M -309.2M
Cash From Financing Activities -28.00M -8.000M 267.2M
Net Change In Cash 2.800M -5.200M -13.50M
YoY Change -104.65% -61.48% -387.23%
FREE CASH FLOW
Cash From Operating Activities $56.40M $28.00M $28.50M
Capital Expenditures -$28.00M -$25.10M -$10.70M
Free Cash Flow $84.40M $53.10M $39.20M
YoY Change 64.2% 35.46% -3.92%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
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dei Entity Central Index Key
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dei Document Type
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dei Document Period End Date
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Entity Current Reporting Status
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dei Entity Filer Category
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dei Document Fiscal Period Focus
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us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Reclassifications</font></b></p> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Certain amounts in our 2012 condensed consolidated financial statements have been reclassified to conform to the presentation of our 2013 condensed consolidated financial statements, which consists primarily of the effects of reclassifications from the presentation of prison services as a discontinued operation and the finalization of purchase accounting for the SureWest acquisition.</font></p> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;">&#160;</p> </div>
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