2018 Q2 Form 10-Q Financial Statement

#000170803518000017 Filed on August 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $434.7M $389.3M
YoY Change 11.67% 40.25%
Cost Of Revenue $326.3M $281.9M
YoY Change 15.77% 30.91%
Gross Profit $108.4M $107.4M
YoY Change 0.92% 72.42%
Gross Profit Margin 24.94% 27.59%
Selling, General & Admin $43.48M $35.36M
YoY Change 22.96% 14.8%
% of Gross Profit 40.11% 32.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.98M $42.62M
YoY Change 10.24% 34.03%
% of Gross Profit 43.34% 39.68%
Operating Expenses $43.48M $35.36M
YoY Change 22.96% -6.71%
Operating Profit $49.05M $55.08M
YoY Change -10.94% 228.86%
Interest Expense $27.22M $48.18M
YoY Change -43.5% -222.27%
% of Operating Profit 55.49% 87.47%
Other Income/Expense, Net -$5.691M -$14.31M
YoY Change -60.24% 377.07%
Pretax Income $29.81M $1.337M
YoY Change 2129.47% -103.57%
Income Tax $13.65M $3.007M
% Of Pretax Income 45.79% 224.91%
Net Earnings $15.78M -$1.609M
YoY Change -1080.86% -97.92%
Net Earnings / Revenue 3.63% -0.41%
Basic Earnings Per Share $0.12 -$0.02
Diluted Earnings Per Share $0.12 -$0.02
COMMON SHARES
Basic Shares Outstanding 133.2M shares 104.0M shares
Diluted Shares Outstanding 134.2M shares 104.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.60M $50.50M
YoY Change 4.16%
Cash & Equivalents $52.55M $50.46M
Short-Term Investments
Other Short-Term Assets $39.00M $26.80M
YoY Change 45.52%
Inventory $268.4M $236.5M
Prepaid Expenses
Receivables $242.0M $224.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $602.0M $538.4M
YoY Change 11.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.217B $1.204B
YoY Change 1.09%
Goodwill $1.260B
YoY Change
Intangibles $759.6M
YoY Change
Long-Term Investments $477.3M $467.7M
YoY Change 2.06%
Other Assets $98.22M $76.50M
YoY Change 28.39%
Total Long-Term Assets $3.812B $3.852B
YoY Change -1.02%
TOTAL ASSETS
Total Short-Term Assets $602.0M $538.4M
Total Long-Term Assets $3.812B $3.852B
Total Assets $4.415B $4.390B
YoY Change 0.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.7M $128.2M
YoY Change 8.99%
Accrued Expenses $76.36M $75.10M
YoY Change 1.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $54.07M $86.30M
YoY Change -37.35%
Total Short-Term Liabilities $270.2M $289.6M
YoY Change -6.71%
LONG-TERM LIABILITIES
Long-Term Debt $2.194B $2.590B
YoY Change -15.29%
Other Long-Term Liabilities $113.6M $123.3M
YoY Change -7.91%
Total Long-Term Liabilities $2.307B $2.713B
YoY Change -14.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $270.2M $289.6M
Total Long-Term Liabilities $2.307B $2.713B
Total Liabilities $2.775B $3.331B
YoY Change -16.67%
SHAREHOLDERS EQUITY
Retained Earnings -$16.78M
YoY Change
Common Stock $1.352M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $58.00K
YoY Change
Treasury Stock Shares 3.513K shares
Shareholders Equity $1.635B $1.060B
YoY Change
Total Liabilities & Shareholders Equity $4.415B $4.390B
YoY Change 0.56%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $15.78M -$1.609M
YoY Change -1080.86% -97.92%
Depreciation, Depletion And Amortization $46.98M $42.62M
YoY Change 10.24% 34.03%
Cash From Operating Activities $28.10M $15.10M
YoY Change 86.09% -167.11%
INVESTING ACTIVITIES
Capital Expenditures $32.80M $28.20M
YoY Change 16.31% -5.05%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$48.30M
YoY Change -99.17% -97.31%
Cash From Investing Activities -$33.20M -$76.50M
YoY Change -56.6% -95.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K 59.90M
YoY Change -101.17% -96.78%
NET CHANGE
Cash From Operating Activities 28.10M 15.10M
Cash From Investing Activities -33.20M -76.50M
Cash From Financing Activities -700.0K 59.90M
Net Change In Cash -5.800M -1.500M
YoY Change 286.67% -109.8%
FREE CASH FLOW
Cash From Operating Activities $28.10M $15.10M
Capital Expenditures $32.80M $28.20M
Free Cash Flow -$4.700M -$13.10M
YoY Change -64.12% -74.9%

Facts In Submission

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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Selling General And Administrative Expense
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WeightedAverageNumberOfDilutedSharesOutstanding
104015815 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103981851 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134209740 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134047362 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104015815 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103981851 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133222463 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133188303 shares

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