2019 Q1 Form 10-Q Financial Statement

#000002523219000022 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $132.7M $117.2M
YoY Change 13.25% -2.23%
Cost Of Revenue $43.49M $40.19M
YoY Change 8.2% -4.08%
Gross Profit $89.25M $77.01M
YoY Change 15.89% -1.14%
Gross Profit Margin 67.24% 65.71%
Selling, General & Admin $12.40M $7.800M
YoY Change 58.97% 11.43%
% of Gross Profit 13.89% 10.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.86M $45.09M
YoY Change 1.7% -17.84%
% of Gross Profit 51.39% 58.55%
Operating Expenses $58.20M $52.80M
YoY Change 10.23% -14.84%
Operating Profit $87.73M $80.58M
YoY Change 8.88% 0.51%
Interest Expense $10.82M $9.778M
YoY Change 10.66% 0.38%
% of Operating Profit 12.33% 12.13%
Other Income/Expense, Net
YoY Change
Pretax Income $33.10M $13.89M
YoY Change 138.25% 219.6%
Income Tax
% Of Pretax Income
Net Earnings $35.34M $16.04M
YoY Change 120.29% 237.68%
Net Earnings / Revenue 26.63% 13.69%
Basic Earnings Per Share $0.34 $0.04
Diluted Earnings Per Share $0.34 $0.04
COMMON SHARES
Basic Shares Outstanding 105.1M shares 420.2M shares
Diluted Shares Outstanding 106.9M shares 427.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.500M $108.2M
YoY Change -96.77% 202.23%
Cash & Equivalents $3.456M $108.2M
Short-Term Investments
Other Short-Term Assets $10.00M $8.300M
YoY Change 20.48% -40.71%
Inventory
Prepaid Expenses
Receivables $10.60M $16.70M
Other Receivables $91.20M $66.00M
Total Short-Term Assets $115.3M $199.2M
YoY Change -42.12% 73.07%
LONG-TERM ASSETS
Property, Plant & Equipment $3.800B $3.628B
YoY Change 4.76% -0.88%
Goodwill $1.674M $1.674M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $167.4M $145.5M
YoY Change 15.1% 13.12%
Other Assets $15.60M $4.900M
YoY Change 218.37% -91.87%
Total Long-Term Assets $4.136B $3.960B
YoY Change 4.44% -3.2%
TOTAL ASSETS
Total Short-Term Assets $115.3M $199.2M
Total Long-Term Assets $4.136B $3.960B
Total Assets $4.251B $4.159B
YoY Change 2.21% -1.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.50M $88.00M
YoY Change 3.98% -26.54%
Accrued Expenses $68.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.300M
YoY Change
Total Short-Term Liabilities $167.8M $88.00M
YoY Change 90.68% -26.54%
LONG-TERM LIABILITIES
Long-Term Debt $1.108B $1.091B
YoY Change 1.55% -2.02%
Other Long-Term Liabilities $147.0M $144.2M
YoY Change 1.94% -50.31%
Total Long-Term Liabilities $1.255B $1.236B
YoY Change 1.59% -12.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $167.8M $88.00M
Total Long-Term Liabilities $1.255B $1.236B
Total Liabilities $1.423B $1.323B
YoY Change 7.52% -13.15%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.037B $4.035B
YoY Change 0.04% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $148.5M $148.4M
YoY Change 0.07% 0.0%
Treasury Stock Shares 10.34M shares 10.33M shares
Shareholders Equity $2.770B $2.783B
YoY Change
Total Liabilities & Shareholders Equity $4.251B $4.159B
YoY Change 2.21% -1.12%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $35.34M $16.04M
YoY Change 120.29% 237.68%
Depreciation, Depletion And Amortization $45.86M $45.09M
YoY Change 1.7% -17.84%
Cash From Operating Activities $44.50M $20.91M
YoY Change 112.86% -17.15%
INVESTING ACTIVITIES
Capital Expenditures -$122.8M -$60.20M
YoY Change 103.99% -14.85%
Acquisitions
YoY Change
Other Investing Activities $0.00 $472.0K
YoY Change -100.0%
Cash From Investing Activities -$70.70M -$82.81M
YoY Change -14.63% 5.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $27.13M -$34.50M
YoY Change -178.63% -167.71%
NET CHANGE
Cash From Operating Activities $44.50M $20.91M
Cash From Investing Activities -$70.70M -$82.81M
Cash From Financing Activities $27.13M -$34.50M
Net Change In Cash $931.0K -$96.41M
YoY Change -100.97% 4532.77%
FREE CASH FLOW
Cash From Operating Activities $44.50M $20.91M
Capital Expenditures -$122.8M -$60.20M
Free Cash Flow $167.3M $81.11M
YoY Change 106.27% -15.46%

Facts In Submission

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2497000 USD
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2460000 USD
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1831000 USD
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328607000 USD
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301549000 USD
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330477000 USD
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400754000 USD
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0.98
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20906000 USD
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16043000 USD
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35341000 USD
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16330000 USD
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35929000 USD
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0 USD
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10071000 USD
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2581000 USD
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P74Y
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472000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
CY2018Q1 us-gaap Payments Of Dividends Common Stock
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25169000 USD
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CY2018Q1 us-gaap Payments Of Financing Costs
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CY2019Q1 us-gaap Payments Of Financing Costs
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CY2018Q1 us-gaap Payments To Acquire Equity Method Investments
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21613000 USD
CY2019Q1 us-gaap Payments To Acquire Equity Method Investments
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CY2018Q1 us-gaap Payments To Minority Shareholders
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399000 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
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CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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1
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1
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CY2019Q1 us-gaap Preferred Stock Shares Authorized
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20000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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6867357 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
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6867357 shares
CY2018Q4 us-gaap Preferred Stock Value
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6867000 USD
CY2019Q1 us-gaap Preferred Stock Value
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CY2018Q1 us-gaap Proceeds From Minority Shareholders
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2581000 USD
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-759000 USD
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CY2018Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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57676000 USD
CY2018Q1 us-gaap Proceeds From Unsecured Lines Of Credit
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160000000 USD
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103600000 USD
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2161000 USD
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CY2019Q1 us-gaap Stockholders Equity
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Straight Line Rent
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CY2018Q4 us-gaap Treasury Stock Shares
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148473000 USD
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148473000 USD
CY2019Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
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CY2019Q1 us-gaap Variable Lease Cost
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0 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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6974000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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6974000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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420154000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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420510000 shares

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