2017 Q1 Form 10-Q Financial Statement

#000136425017000029 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $194.5M $168.6M
YoY Change 15.37% 8.89%
Cost Of Revenue $60.80M $53.90M
YoY Change 12.8% 7.8%
Gross Profit $133.6M $114.7M
YoY Change 16.48% 9.45%
Gross Profit Margin 68.7% 68.04%
Selling, General & Admin $10.20M $8.100M
YoY Change 25.93% 9.46%
% of Gross Profit 7.63% 7.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.40M $55.60M
YoY Change 21.22% 11.65%
% of Gross Profit 50.45% 48.47%
Operating Expenses $138.4M $117.5M
YoY Change 17.72% 9.63%
Operating Profit $56.12M $51.04M
YoY Change 9.96% 7.23%
Interest Expense $36.95M $35.66M
YoY Change 3.63% 6.01%
% of Operating Profit 65.85% 69.87%
Other Income/Expense, Net $1.724M $3.004M
YoY Change -42.61% 91.09%
Pretax Income $21.80M $16.00M
YoY Change 36.25% -27.6%
Income Tax
% Of Pretax Income
Net Earnings $19.05M $15.37M
YoY Change 23.97% -17.82%
Net Earnings / Revenue 9.79% 9.12%
Basic Earnings Per Share $0.12 $0.10
Diluted Earnings Per Share $0.12 $0.10
COMMON SHARES
Basic Shares Outstanding 152.5M shares 147.2M shares
Diluted Shares Outstanding 153.7M shares 151.5M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.50M $72.20M
YoY Change 18.42% 334.94%
Cash & Equivalents $85.53M $72.19M
Short-Term Investments
Other Short-Term Assets $7.300M $6.700M
YoY Change 8.96% 28.85%
Inventory $42.60M
Prepaid Expenses
Receivables $3.400M $3.700M
Other Receivables $96.70M $82.70M
Total Short-Term Assets $192.9M $207.9M
YoY Change -7.22% 106.25%
LONG-TERM ASSETS
Property, Plant & Equipment $984.0K $1.345M
YoY Change -26.84% -99.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $142.7M $148.6M
YoY Change -4.0% -12.0%
Other Assets $24.10M $200.0K
YoY Change 11950.0% -98.67%
Total Long-Term Assets $7.394B $7.084B
YoY Change 4.38% 19.82%
TOTAL ASSETS
Total Short-Term Assets $192.9M $207.9M
Total Long-Term Assets $7.394B $7.084B
Total Assets $7.587B $7.291B
YoY Change 4.05% 21.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.10M $41.30M
YoY Change 38.26% 26.3%
Accrued Expenses $11.00M $11.50M
YoY Change -4.35% 16.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $149.5M $128.2M
YoY Change 16.61% 16.86%
LONG-TERM LIABILITIES
Long-Term Debt $4.391B $4.470B
YoY Change -1.76% 27.59%
Other Long-Term Liabilities $94.50M $132.7M
YoY Change -28.79% 40.42%
Total Long-Term Liabilities $4.486B $4.603B
YoY Change -2.54% 27.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.5M $128.2M
Total Long-Term Liabilities $4.486B $4.603B
Total Liabilities $4.635B $4.731B
YoY Change -2.02% 27.6%
SHAREHOLDERS EQUITY
Retained Earnings -$836.9M -$789.8M
YoY Change 5.96% 9.9%
Common Stock $2.678B $2.714B
YoY Change -1.29% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.864B $1.897B
YoY Change
Total Liabilities & Shareholders Equity $7.587B $7.291B
YoY Change 4.05% 21.26%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $19.05M $15.37M
YoY Change 23.97% -17.82%
Depreciation, Depletion And Amortization $67.40M $55.60M
YoY Change 21.22% 11.65%
Cash From Operating Activities $107.6M $89.84M
YoY Change 19.71% 23.19%
INVESTING ACTIVITIES
Capital Expenditures -$59.20M -$1.275B
YoY Change -95.36% 1047.16%
Acquisitions
YoY Change
Other Investing Activities $1.400M $16.50M
YoY Change -91.52% 385.29%
Cash From Investing Activities -$57.78M -$1.258B
YoY Change -95.41% 1067.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$77.17M $1.138B
YoY Change -106.78% 3389.97%
NET CHANGE
Cash From Operating Activities $107.6M $89.84M
Cash From Investing Activities -$57.78M -$1.258B
Cash From Financing Activities -$77.17M $1.138B
Net Change In Cash -$27.39M -$29.61M
YoY Change -7.47% 1255.63%
FREE CASH FLOW
Cash From Operating Activities $107.6M $89.84M
Capital Expenditures -$59.20M -$1.275B
Free Cash Flow $166.8M $1.364B
YoY Change -87.78% 641.38%

Facts In Submission

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CY2017Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
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CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151451000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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147236000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152490000 shares
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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