2020 Q2 Form 10-Q Financial Statement

#000077240620000029 Filed on August 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $242.6M $238.3M
YoY Change 1.81% -6.38%
Cost Of Revenue $115.1M $115.8M
YoY Change -0.57% -10.9%
Gross Profit $127.5M $122.5M
YoY Change 4.06% -1.66%
Gross Profit Margin 52.55% 51.41%
Selling, General & Admin $29.70M $29.52M
YoY Change 0.62% -9.96%
% of Gross Profit 23.3% 24.1%
Research & Development $78.74M $88.83M
YoY Change -11.36% -9.29%
% of Gross Profit 61.77% 72.52%
Depreciation & Amortization $11.75M $19.75M
YoY Change -40.52% -12.78%
% of Gross Profit 9.21% 16.12%
Operating Expenses $108.8M $118.4M
YoY Change -8.07% -9.46%
Operating Profit $18.68M $4.144M
YoY Change 350.65% -167.31%
Interest Expense $1.600M -$100.0K
YoY Change -1700.0% -107.14%
% of Operating Profit 8.57% -2.41%
Other Income/Expense, Net $111.0K -$378.0K
YoY Change -129.37% -280.0%
Pretax Income $20.36M $6.051M
YoY Change 236.51% -234.47%
Income Tax $2.200M $1.433M
% Of Pretax Income 10.8% 23.68%
Net Earnings $18.21M $4.618M
YoY Change 294.3% -208.1%
Net Earnings / Revenue 7.51% 1.94%
Basic Earnings Per Share $0.31 $0.08
Diluted Earnings Per Share $0.30 $0.08
COMMON SHARES
Basic Shares Outstanding 58.31M shares 58.54M shares
Diluted Shares Outstanding 60.28M shares 60.26M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $315.9M $250.4M
YoY Change 26.13% 10.64%
Cash & Equivalents $285.9M $198.1M
Short-Term Investments $29.94M $52.35M
Other Short-Term Assets $12.84M $28.33M
YoY Change -54.65% 98.52%
Inventory $199.3M $146.3M
Prepaid Expenses $25.39M $27.51M
Receivables $136.5M $111.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $690.0M $564.1M
YoY Change 22.32% -1.92%
LONG-TERM ASSETS
Property, Plant & Equipment $154.3M $182.0M
YoY Change -15.25% -7.03%
Goodwill $287.4M $286.4M
YoY Change 0.36% -0.23%
Intangibles
YoY Change
Long-Term Investments $290.2M $205.1M
YoY Change 41.49% 28.75%
Other Assets $44.55M $14.63M
YoY Change 204.64% -57.18%
Total Long-Term Assets $954.1M $906.0M
YoY Change 5.3% 14.45%
TOTAL ASSETS
Total Short-Term Assets $690.0M $564.1M
Total Long-Term Assets $954.1M $906.0M
Total Assets $1.644B $1.470B
YoY Change 11.83% 7.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.52M $60.41M
YoY Change 58.13% 12.59%
Accrued Expenses $53.90M $54.10M
YoY Change -0.37% 28.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.0M $131.2M
YoY Change 24.27% 10.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $208.7M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $208.7M $221.7M
YoY Change -5.84% 83.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.0M $131.2M
Total Long-Term Liabilities $208.7M $221.7M
Total Liabilities $371.8M $352.9M
YoY Change 5.35% 47.21%
SHAREHOLDERS EQUITY
Retained Earnings -$184.0M -$258.9M
YoY Change -28.91% 40.19%
Common Stock $1.451B $1.376B
YoY Change 5.49% 3.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.272B $1.117B
YoY Change
Total Liabilities & Shareholders Equity $1.644B $1.470B
YoY Change 11.83% 7.56%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $18.21M $4.618M
YoY Change 294.3% -208.1%
Depreciation, Depletion And Amortization $11.75M $19.75M
YoY Change -40.52% -12.78%
Cash From Operating Activities $502.0K $56.99M
YoY Change -99.12% 1115.33%
INVESTING ACTIVITIES
Capital Expenditures $2.054M $3.816M
YoY Change -46.17% -64.75%
Acquisitions
YoY Change
Other Investing Activities -$7.100M -$26.60M
YoY Change -73.31% 8766.67%
Cash From Investing Activities -$9.183M -$34.72M
YoY Change -73.55% 170.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $40.00M
YoY Change -100.0% 0.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.484M -$40.36M
YoY Change -106.15% -1.56%
NET CHANGE
Cash From Operating Activities $502.0K $56.99M
Cash From Investing Activities -$9.183M -$34.72M
Cash From Financing Activities $2.484M -$40.36M
Net Change In Cash -$6.197M -$18.10M
YoY Change -65.75% -63.18%
FREE CASH FLOW
Cash From Operating Activities $502.0K $56.99M
Capital Expenditures $2.054M $3.816M
Free Cash Flow -$1.552M $53.17M
YoY Change -102.92% -966.26%

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200000000 USD
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120000000 USD
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242573000 USD
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238253000 USD

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