2018 Q4 Form 10-Q Financial Statement

#000002523218000032 Filed on October 24, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $122.7M $118.7M $113.2M
YoY Change 7.54% 4.9% 132.49%
Cost Of Revenue $42.30M $41.58M $40.69M
YoY Change 3.42% 2.19% 122.34%
Gross Profit $80.40M $77.13M $72.47M
YoY Change 9.84% 6.42% 138.39%
Gross Profit Margin 65.53% 64.97% 64.04%
Selling, General & Admin $4.300M $4.900M $8.100M
YoY Change -32.81% -39.51% 55.77%
% of Gross Profit 5.35% 6.35% 11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.60M $45.07M $47.62M
YoY Change 3.17% -5.36% 186.5%
% of Gross Profit 56.72% 58.43% 65.71%
Operating Expenses $49.80M $49.90M $55.70M
YoY Change -1.58% -10.41% 155.5%
Operating Profit $30.60M $80.86M $75.82M
YoY Change 35.4% 6.65% 23.03%
Interest Expense -$10.40M $9.551M $7.587M
YoY Change 35.06% 25.89% 31.86%
% of Operating Profit -33.99% 11.81% 10.01%
Other Income/Expense, Net
YoY Change
Pretax Income $20.70M $17.64M $9.857M
YoY Change -26.33% 78.96% 607.61%
Income Tax
% Of Pretax Income
Net Earnings $22.40M $19.49M $12.07M
YoY Change -28.66% 61.47% 3.52%
Net Earnings / Revenue 18.26% 16.41% 10.66%
Basic Earnings Per Share $0.19 $0.03
Diluted Earnings Per Share $213.1K $0.19 $0.03
COMMON SHARES
Basic Shares Outstanding 420.4M shares 105.1M shares 420.0M shares
Diluted Shares Outstanding 106.9M shares 427.3M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.500M $82.70M $62.20M
YoY Change -98.32% 32.96% -36.01%
Cash & Equivalents $2.547M $82.71M $62.17M
Short-Term Investments
Other Short-Term Assets $5.100M $5.000M $9.800M
YoY Change 30.77% -48.98% 68.97%
Inventory
Prepaid Expenses
Receivables $13.80M $10.40M $16.30M
Other Receivables $83.10M $76.50M $53.50M
Total Short-Term Assets $104.5M $174.6M $141.8M
YoY Change -53.64% 23.13% -62.59%
LONG-TERM ASSETS
Property, Plant & Equipment $3.715B $3.646B $3.758B
YoY Change 2.33% -2.98% 75.03%
Goodwill $1.674M $1.674M $1.674M
YoY Change 0.0% 0.0% -53.83%
Intangibles
YoY Change
Long-Term Investments $161.9M $154.1M $109.2M
YoY Change 59.65% 41.06% -6.59%
Other Assets $13.40M $8.000M $2.600M
YoY Change -77.78% 207.69% -75.7%
Total Long-Term Assets $4.042B $3.969B $4.082B
YoY Change 1.57% -2.78% 71.4%
TOTAL ASSETS
Total Short-Term Assets $104.5M $174.6M $141.8M
Total Long-Term Assets $4.042B $3.969B $4.082B
Total Assets $4.146B $4.144B $4.224B
YoY Change -1.39% -1.91% 53.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.2M $114.2M $160.1M
YoY Change -20.09% -28.67% 89.24%
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 $110.2M $114.2M $160.1M
YoY Change -20.09% -28.67% 89.24%
LONG-TERM LIABILITIES
Long-Term Debt $1.063B $1.065B $1.095B
YoY Change -2.8% -2.76% 38.74%
Other Long-Term Liabilities $152.4M $139.9M $151.6M
YoY Change 2.7% -7.72% -31.5%
Total Long-Term Liabilities $1.215B $1.205B $1.247B
YoY Change -2.14% -3.36% 23.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.2M $114.2M $160.1M
Total Long-Term Liabilities $1.215B $1.205B $1.247B
Total Liabilities $1.325B $1.319B $1.407B
YoY Change -3.94% -6.24% 28.45%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.042B $4.036B $4.035B
YoY Change 0.17% 0.04% 107.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $148.5M $148.5M $148.4M
YoY Change 0.07% 0.07% 0.0%
Treasury Stock Shares 2.585M shares 10.34M shares 10.33M shares
Shareholders Equity $2.766B $2.770B $2.765B
YoY Change
Total Liabilities & Shareholders Equity $4.146B $4.144B $4.224B
YoY Change -1.39% -1.91% 53.01%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $22.40M $19.49M $12.07M
YoY Change -28.66% 61.47% 3.52%
Depreciation, Depletion And Amortization $45.60M $45.07M $47.62M
YoY Change 3.17% -5.36% 186.5%
Cash From Operating Activities $51.00M $73.30M $68.60M
YoY Change 1.19% 6.85% 15.88%
INVESTING ACTIVITIES
Capital Expenditures -$91.10M -$32.70M -$78.60M
YoY Change 1.0% -58.4% 67.95%
Acquisitions
YoY Change
Other Investing Activities -$10.90M -$15.30M -$2.800M
YoY Change -105.2% 446.43% -74.55%
Cash From Investing Activities -$102.1M -$48.00M -$81.40M
YoY Change -185.44% -41.03% 40.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.30M -52.80M 50.80M
YoY Change 9.74% -203.94% -46.53%
NET CHANGE
Cash From Operating Activities 51.00M 73.30M 68.60M
Cash From Investing Activities -102.1M -48.00M -81.40M
Cash From Financing Activities -29.30M -52.80M 50.80M
Net Change In Cash -80.40M -27.50M 38.00M
YoY Change -156.15% -172.37% -60.58%
FREE CASH FLOW
Cash From Operating Activities $51.00M $73.30M $68.60M
Capital Expenditures -$91.10M -$32.70M -$78.60M
Free Cash Flow $142.1M $106.0M $147.2M
YoY Change 1.07% -27.99% 38.87%

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