2015 Q4 Form 10-Q Financial Statement

#000002523215000039 Filed on October 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue -$83.70M $98.15M $89.10M
YoY Change -178.89% 10.16% 76.66%
Cost Of Revenue -$37.80M $41.50M $39.20M
YoY Change -178.59% 5.87% 69.7%
Gross Profit -$45.80M $56.60M $49.90M
YoY Change -179.1% 13.43% 82.78%
Gross Profit Margin 57.67% 56.01%
Selling, General & Admin $5.400M $3.700M $5.800M
YoY Change 25.58% -36.21% -24.68%
% of Gross Profit 6.54% 11.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.90M $32.54M $32.70M
YoY Change -17.14% -0.51% 76.67%
% of Gross Profit 57.49% 65.54%
Operating Expenses -$26.50M $36.20M $38.50M
YoY Change -162.5% -5.97% 46.95%
Operating Profit -$19.30M $60.82M $11.40M
YoY Change -224.52% 433.47% 936.36%
Interest Expense $500.0K $7.673M $6.817M
YoY Change -106.1% 12.56% 32.39%
% of Operating Profit 12.62% 59.8%
Other Income/Expense, Net -$170.0K
YoY Change
Pretax Income $23.80M $12.75M $3.963M
YoY Change 32.96% 221.8% -134.63%
Income Tax $0.00 $0.00 $1.000K
% Of Pretax Income 0.0% 0.0% 0.03%
Net Earnings $56.70M $53.62M $19.32M
YoY Change 144.4% 177.51% -68.41%
Net Earnings / Revenue 54.63% 21.69%
Basic Earnings Per Share
Diluted Earnings Per Share $1.037M $990.8K $367.6K
COMMON SHARES
Basic Shares Outstanding 214.7M shares 216.3M shares 209.8M shares
Diluted Shares Outstanding 216.4M shares 210.1M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.000M $5.300M $7.200M
YoY Change -26.39% 33.33%
Cash & Equivalents $2.003M $5.331M $7.210M
Short-Term Investments
Other Short-Term Assets $4.400M $4.100M $3.800M
YoY Change 29.41% 7.89%
Inventory $7.200M $181.1M
Prepaid Expenses
Receivables $10.80M $9.500M $12.20M
Other Receivables $67.30M $63.80M $53.00M
Total Short-Term Assets $91.70M $82.70M $257.3M
YoY Change 27.18% -67.86% 352.2%
LONG-TERM ASSETS
Property, Plant & Equipment $2.254B $2.245B $1.976B
YoY Change -2.23% 13.61% 3.8%
Goodwill $3.647M $3.740M $4.057M
YoY Change -5.69% -7.81% -2.17%
Intangibles
YoY Change
Long-Term Investments $102.6M $103.5M $111.4M
YoY Change 2.07% -7.08% 13.41%
Other Assets $19.40M $68.90M $41.00M
YoY Change 1.57% 68.05% 1266.67%
Total Long-Term Assets $2.504B $2.555B $2.276B
YoY Change -3.53% 12.24% 3.15%
TOTAL ASSETS
Total Short-Term Assets $91.70M $82.70M $257.3M
Total Long-Term Assets $2.504B $2.555B $2.276B
Total Assets $2.595B $2.638B $2.534B
YoY Change -2.7% 4.1% 11.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.70M $66.00M $87.40M
YoY Change -5.91% -24.49% 64.6%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.70M $66.00M $87.40M
YoY Change -5.91% -24.49% 64.6%
LONG-TERM LIABILITIES
Long-Term Debt $718.8M $779.6M $671.1M
YoY Change -9.28% 16.17% 4.4%
Other Long-Term Liabilities $121.4M $119.4M $107.6M
YoY Change -3.11% 10.97% 4.87%
Total Long-Term Liabilities $840.2M $899.0M $778.7M
YoY Change -8.44% 15.45% 4.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.70M $66.00M $87.40M
Total Long-Term Liabilities $840.2M $899.0M $778.7M
Total Liabilities $911.9M $965.0M $866.1M
YoY Change -8.25% 11.43% 8.46%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.942B $1.942B $1.941B
YoY Change 0.07% 0.08% 20.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $134.6M $105.5M $86.84M
YoY Change 55.03% 21.52% 0.0%
Treasury Stock Shares 8.742M shares 5.585M shares 3.570M shares
Shareholders Equity $1.683B $1.673B $1.666B
YoY Change
Total Liabilities & Shareholders Equity $2.595B $2.638B $2.534B
YoY Change -2.7% 4.1% 11.92%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $56.70M $53.62M $19.32M
YoY Change 144.4% 177.51% -68.41%
Depreciation, Depletion And Amortization $31.90M $32.54M $32.70M
YoY Change -17.14% -0.51% 76.67%
Cash From Operating Activities $48.70M $57.90M $44.50M
YoY Change 1.88% 30.11% -42.58%
INVESTING ACTIVITIES
Capital Expenditures -$33.60M -$78.10M -$281.0M
YoY Change -90.64% -72.21% -74.25%
Acquisitions
YoY Change
Other Investing Activities $86.70M $129.3M $25.00M
YoY Change -57.1% 417.2% -71.33%
Cash From Investing Activities $53.10M $51.30M -$255.9M
YoY Change -133.82% -120.05% -74.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $223.4M
YoY Change 35.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.0M -105.9M 212.3M
YoY Change -203.04% -149.88% -77.1%
NET CHANGE
Cash From Operating Activities 48.70M 57.90M 44.50M
Cash From Investing Activities 53.10M 51.30M -255.9M
Cash From Financing Activities -105.0M -105.9M 212.3M
Net Change In Cash -3.200M 3.300M 900.0K
YoY Change -56.16% 266.67% 80.0%
FREE CASH FLOW
Cash From Operating Activities $48.70M $57.90M $44.50M
Capital Expenditures -$33.60M -$78.10M -$281.0M
Free Cash Flow $82.30M $136.0M $325.5M
YoY Change -79.77% -58.22% -72.15%

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