2015 Q3 Form 10-Q Financial Statement

#000093114815000043 Filed on July 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q4
Revenue $126.4M $165.1M -$300.0K
YoY Change -51.47% -41.9% -100.1%
Cost Of Revenue $115.3M $149.2M -$7.000M
YoY Change -52.52% -43.96% -102.31%
Gross Profit $11.10M $15.94M $6.700M
YoY Change -37.09% -11.22% 34.0%
Gross Profit Margin 8.78% 9.65%
Selling, General & Admin $31.40M $25.25M $5.600M
YoY Change 16.38% -21.42% -76.17%
% of Gross Profit 282.88% 158.44% 83.58%
Research & Development $900.0K $1.914M $1.200M
YoY Change -68.65% -34.07% -25.0%
% of Gross Profit 8.11% 12.01% 17.91%
Depreciation & Amortization $16.70M $18.80M $26.60M
YoY Change -37.22% -29.85% -48.45%
% of Gross Profit 150.45% 117.95% 397.01%
Operating Expenses $32.30M $27.17M $6.800M
YoY Change 8.2% -22.47% -72.8%
Operating Profit -$21.20M -$13.00M -$100.0K
YoY Change -8.03% -90.68% -99.5%
Interest Expense $9.002M $9.195M -$8.500M
YoY Change -0.74% 0.44% -4.49%
% of Operating Profit
Other Income/Expense, Net -$1.000M -$699.0K -$1.000M
YoY Change -12.97% -1804.88% 11.11%
Pretax Income -$34.40M -$22.62M $40.20M
YoY Change 3.85% -84.77% -212.92%
Income Tax $6.300M $199.0K -$9.200M
% Of Pretax Income -22.89%
Net Earnings -$49.50M -$22.82M -$83.50M
YoY Change 41.66% -85.32% 196.1%
Net Earnings / Revenue -39.16% -13.82%
Basic Earnings Per Share
Diluted Earnings Per Share -$163.8K -$75.45K -$598.6K
COMMON SHARES
Basic Shares Outstanding 137.3M shares 137.3M shares 136.4M shares
Diluted Shares Outstanding 137.3M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.50M $14.70M $17.60M
YoY Change 12.5% -30.33% 44.26%
Cash & Equivalents $13.46M $14.51M $17.55M
Short-Term Investments $200.0K $100.0K
Other Short-Term Assets $66.60M $77.70M $3.437M
YoY Change -24.23% -17.25% 62.35%
Inventory $322.3M $375.6M $382.9M
Prepaid Expenses $66.56M $77.95M $81.62M
Receivables $111.0M $121.7M $162.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $513.3M $589.8M $645.0M
YoY Change -24.66% -20.56% -16.85%
LONG-TERM ASSETS
Property, Plant & Equipment $650.3M $634.7M $654.0M
YoY Change 0.0% -7.05% -20.33%
Goodwill $170.0M $384.4M $420.1M
YoY Change -65.72% -22.55% -15.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $162.5M $86.98M $97.82M
YoY Change 54.71% -21.13% -14.24%
Total Long-Term Assets $996.7M $1.123B $1.189B
YoY Change -22.14% -13.7% -17.57%
TOTAL ASSETS
Total Short-Term Assets $513.3M $589.8M $645.0M
Total Long-Term Assets $996.7M $1.123B $1.189B
Total Assets $1.510B $1.713B $1.834B
YoY Change -23.02% -16.19% -17.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.99M $72.14M $86.41M
YoY Change -37.21% -41.08% -25.0%
Accrued Expenses $54.80M $51.70M $67.80M
YoY Change -22.05% -15.93% -5.31%
Deferred Revenue
YoY Change
Short-Term Debt $9.600M $199.2M $188.1M
YoY Change 739.16% 140192.25% 16101.89%
Long-Term Debt Due $9.600M $199.2M $188.1M
YoY Change 772.73% 199115.0% 16101.89%
Total Short-Term Liabilities $131.7M $330.4M $351.9M
YoY Change -28.01% 76.1% 63.01%
LONG-TERM LIABILITIES
Long-Term Debt $368.6M $349.3M $341.6M
YoY Change -31.68% -36.66% -36.92%
Other Long-Term Liabilities $89.64M $99.51M $107.6M
YoY Change -0.38% 3.78% 9.82%
Total Long-Term Liabilities $458.2M $448.8M $449.2M
YoY Change -27.21% -30.67% -29.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.7M $330.4M $351.9M
Total Long-Term Liabilities $458.2M $448.8M $449.2M
Total Liabilities $589.9M $779.3M $801.1M
YoY Change -27.39% -6.68% -6.35%
SHAREHOLDERS EQUITY
Retained Earnings -$324.2M -$245.8M
YoY Change 154.61% -720.19%
Common Stock $1.532M $1.528M
YoY Change 0.46% 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $238.9M $239.8M
YoY Change -2.59% -2.99%
Treasury Stock Shares 0.000 shares 15.88M shares 15.92M shares
Shareholders Equity $1.020B $909.5M $1.005B
YoY Change
Total Liabilities & Shareholders Equity $1.510B $1.713B $1.834B
YoY Change -23.02% -16.19% -17.32%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q4
OPERATING ACTIVITIES
Net Income -$49.50M -$22.82M -$83.50M
YoY Change 41.66% -85.32% 196.1%
Depreciation, Depletion And Amortization $16.70M $18.80M $26.60M
YoY Change -37.22% -29.85% -48.45%
Cash From Operating Activities $8.000M $1.500M $38.00M
YoY Change -70.37% -95.56% -26.36%
INVESTING ACTIVITIES
Capital Expenditures -$11.90M -$12.00M -$15.70M
YoY Change -47.81% -51.61% -33.47%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$100.0K -$300.0K
YoY Change -81.82% -116.67% -57.14%
Cash From Investing Activities -$11.70M -$12.10M -$16.00M
YoY Change -46.08% -50.0% -34.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.400M 14.20M -14.90M
YoY Change -123.78% -329.03% -43.77%
NET CHANGE
Cash From Operating Activities 8.000M 1.500M 38.00M
Cash From Investing Activities -11.70M -12.10M -16.00M
Cash From Financing Activities 3.400M 14.20M -14.90M
Net Change In Cash -300.0K 3.600M 7.100M
YoY Change -96.67% 5.88% 787.5%
FREE CASH FLOW
Cash From Operating Activities $8.000M $1.500M $38.00M
Capital Expenditures -$11.90M -$12.00M -$15.70M
Free Cash Flow $19.90M $13.50M $53.70M
YoY Change -60.04% -76.96% -28.59%

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