2015 Q2 Form 10-Q Financial Statement

#000156459015006498 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $182.6M $184.6M
YoY Change -1.04% -0.83%
Cost Of Revenue $91.80M $93.68M
YoY Change -2.01% -1.14%
Gross Profit $90.85M $90.88M
YoY Change -0.03% -0.52%
Gross Profit Margin 49.74% 49.24%
Selling, General & Admin $34.57M $39.10M
YoY Change -11.58% 4.55%
% of Gross Profit 38.06% 43.03%
Research & Development $25.90M $26.44M
YoY Change -2.04% -3.87%
% of Gross Profit 28.51% 29.09%
Depreciation & Amortization $3.850M $11.70M
YoY Change -67.09% -15.83%
% of Gross Profit 4.24% 12.87%
Operating Expenses $156.5M $162.7M
YoY Change -3.84% 133.82%
Operating Profit $26.16M $21.82M
YoY Change 19.87% 0.64%
Interest Expense $2.537M -$3.800M
YoY Change -166.76% -219.5%
% of Operating Profit 9.7% -17.42%
Other Income/Expense, Net -$3.710M -$4.079M
YoY Change -9.05% -372.3%
Pretax Income $22.45M $17.74M
YoY Change 26.52% -5.94%
Income Tax $9.652M $8.338M
% Of Pretax Income 43.0% 47.0%
Net Earnings $12.79M $9.400M
YoY Change 36.11% -22.13%
Net Earnings / Revenue 7.0% 5.09%
Basic Earnings Per Share $0.42 $0.29
Diluted Earnings Per Share $0.39 $0.28
COMMON SHARES
Basic Shares Outstanding 30.80M 32.62M
Diluted Shares Outstanding 33.10M

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $194.0M $189.6M
YoY Change 2.32% 0.16%
Cash & Equivalents $94.95M $86.12M
Short-Term Investments $99.10M $103.5M
Other Short-Term Assets $37.40M $46.60M
YoY Change -19.74% 20.73%
Inventory
Prepaid Expenses
Receivables $219.5M $231.2M
Other Receivables $9.300M $7.600M
Total Short-Term Assets $460.2M $475.0M
YoY Change -3.12% 4.12%
LONG-TERM ASSETS
Property, Plant & Equipment $37.00M $35.70M
YoY Change 3.64% 1.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.40M $25.60M
YoY Change 7.03% 36.17%
Total Long-Term Assets $376.6M $395.8M
YoY Change -4.85% 1.96%
TOTAL ASSETS
Total Short-Term Assets $460.2M $475.0M
Total Long-Term Assets $376.6M $395.8M
Total Assets $836.8M $870.8M
YoY Change -3.9% 3.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.00M $36.30M
YoY Change -11.85% 1.97%
Accrued Expenses $50.40M $43.00M
YoY Change 17.21% -3.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $146.4M $18.80M
YoY Change 678.72% 25.33%
Total Short-Term Liabilities $335.1M $204.7M
YoY Change 63.7% -1.92%
LONG-TERM LIABILITIES
Long-Term Debt $138.8M $241.6M
YoY Change -42.55% -5.18%
Other Long-Term Liabilities $23.90M $23.90M
YoY Change 0.0% -2.05%
Total Long-Term Liabilities $162.7M $265.5M
YoY Change -38.72% -4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $335.1M $204.7M
Total Long-Term Liabilities $162.7M $265.5M
Total Liabilities $509.1M $488.0M
YoY Change 4.32% -4.48%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $32.03M
Shareholders Equity $327.7M $382.8M
YoY Change
Total Liabilities & Shareholders Equity $836.8M $870.8M
YoY Change -3.9% 3.13%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $12.79M $9.400M
YoY Change 36.11% -22.13%
Depreciation, Depletion And Amortization $3.850M $11.70M
YoY Change -67.09% -15.83%
Cash From Operating Activities $39.60M $24.90M
YoY Change 59.04% -35.82%
INVESTING ACTIVITIES
Capital Expenditures -$8.100M -$8.500M
YoY Change -4.71% -15.0%
Acquisitions
YoY Change
Other Investing Activities -$18.50M $13.80M
YoY Change -234.06% -121.63%
Cash From Investing Activities -$26.60M $5.400M
YoY Change -592.59% -107.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.000M -9.800M
YoY Change -28.57% 10.11%
NET CHANGE
Cash From Operating Activities 39.60M 24.90M
Cash From Investing Activities -26.60M 5.400M
Cash From Financing Activities -7.000M -9.800M
Net Change In Cash 6.000M 20.50M
YoY Change -70.73% -146.59%
FREE CASH FLOW
Cash From Operating Activities $39.60M $24.90M
Capital Expenditures -$8.100M -$8.500M
Free Cash Flow $47.70M $33.40M
YoY Change 42.81% -31.56%

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