2013 Form 10-K Financial Statement
#000119312513239492 Filed on May 29, 2013
Income Statement
| Concept | 2013 | 2012 Q1 |
|---|---|---|
| Revenue | $809.8M | $110.6M |
| YoY Change | 89.74% | 21.0% |
| Cost Of Revenue | $414.6M | $48.30M |
| YoY Change | 111.1% | 6.39% |
| Gross Profit | $395.2M | $62.35M |
| YoY Change | 71.53% | 35.48% |
| Gross Profit Margin | 48.8% | 56.36% |
| Selling, General & Admin | $77.00M | $17.30M |
| YoY Change | 18.28% | 13.07% |
| % of Gross Profit | 19.48% | 27.75% |
| Research & Development | $114.1M | $24.10M |
| YoY Change | 33.14% | 41.76% |
| % of Gross Profit | 28.87% | 38.65% |
| Depreciation & Amortization | $13.60M | $2.700M |
| YoY Change | 36.0% | 22.73% |
| % of Gross Profit | 3.44% | 4.33% |
| Operating Expenses | $191.1M | $41.30M |
| YoY Change | 26.72% | 27.86% |
| Operating Profit | $204.1M | $21.05M |
| YoY Change | 156.41% | 53.43% |
| Interest Expense | $400.0K | $100.0K |
| YoY Change | -20.0% | -50.0% |
| % of Operating Profit | 0.2% | 0.48% |
| Other Income/Expense, Net | -$100.0K | $0.00 |
| YoY Change | 0.0% | |
| Pretax Income | $201.2M | $21.10M |
| YoY Change | 151.5% | 51.8% |
| Income Tax | $64.60M | -$29.80M |
| % Of Pretax Income | 32.11% | -141.23% |
| Net Earnings | $136.6M | $50.83M |
| YoY Change | 55.23% | -61.02% |
| Net Earnings / Revenue | 16.87% | 45.94% |
| Basic Earnings Per Share | $0.79 | |
| Diluted Earnings Per Share | $1.994M | $0.75 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 64.58M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 | 2012 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $171.6M | $181.9M |
| YoY Change | -5.66% | -7.48% |
| Cash & Equivalents | $66.40M | $66.00M |
| Short-Term Investments | $105.2M | $115.9M |
| Other Short-Term Assets | $84.30M | $69.60M |
| YoY Change | 21.12% | 60.74% |
| Inventory | $119.3M | $55.90M |
| Prepaid Expenses | ||
| Receivables | $69.30M | $44.20M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $444.5M | $351.6M |
| YoY Change | 26.42% | 10.05% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $100.6M | $67.00M |
| YoY Change | 50.15% | 93.64% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $64.90M | $2.900M |
| YoY Change | 2137.93% | -77.17% |
| Other Assets | $22.50M | $98.70M |
| YoY Change | -77.2% | -4.82% |
| Total Long-Term Assets | $206.8M | $192.9M |
| YoY Change | 7.21% | 8.92% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $444.5M | $351.6M |
| Total Long-Term Assets | $206.8M | $192.9M |
| Total Assets | $651.3M | $544.5M |
| YoY Change | 19.61% | 9.65% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $60.80M | $38.10M |
| YoY Change | 59.58% | 38.04% |
| Accrued Expenses | $27.30M | $22.60M |
| YoY Change | 20.8% | 28.41% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $93.10M | $73.00M |
| YoY Change | 27.53% | 40.12% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $10.10M | $5.600M |
| YoY Change | 80.36% | -5.08% |
| Total Long-Term Liabilities | $10.10M | $5.600M |
| YoY Change | 80.36% | -9.68% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $93.10M | $73.00M |
| Total Long-Term Liabilities | $10.10M | $5.600M |
| Total Liabilities | $103.2M | $78.60M |
| YoY Change | 31.3% | 35.05% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $548.2M | $465.9M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $651.3M | $544.5M |
| YoY Change | 19.61% | 9.65% |
Cashflow Statement
| Concept | 2013 | 2012 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $136.6M | $50.83M |
| YoY Change | 55.23% | -61.02% |
| Depreciation, Depletion And Amortization | $13.60M | $2.700M |
| YoY Change | 36.0% | 22.73% |
| Cash From Operating Activities | $160.8M | $31.30M |
| YoY Change | 93.27% | 54.19% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$55.90M | -$10.90M |
| YoY Change | 31.22% | 303.7% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$28.90M | $4.800M |
| YoY Change | -147.38% | -129.45% |
| Cash From Investing Activities | -$84.80M | -$6.100M |
| YoY Change | -560.87% | -67.55% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -75.60M | 2.800M |
| YoY Change | 3.99% | -60.0% |
| NET CHANGE | ||
| Cash From Operating Activities | 160.8M | 31.30M |
| Cash From Investing Activities | -84.80M | -6.100M |
| Cash From Financing Activities | -75.60M | 2.800M |
| Net Change In Cash | 400.0K | 28.00M |
| YoY Change | -98.62% | 229.41% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $160.8M | $31.30M |
| Capital Expenditures | -$55.90M | -$10.90M |
| Free Cash Flow | $216.7M | $42.20M |
| YoY Change | 72.26% | 83.48% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
64580000 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.79 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.75 | |
| CY2012Q1 | us-gaap |
Gross Profit
GrossProfit
|
62347000 | |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
50827000 | |
| CY2012Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
110631000 | |
| CY2013 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P2Y5M16D | |
| CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.6342 | |
| CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0031 |
