2020 Q2 Form 10-Q Financial Statement

#000156459020034289 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $253.1M $259.4M $264.4M
YoY Change -2.46% 18.31% 20.58%
Cost Of Revenue $0.00 $123.4M $118.9M
YoY Change -100.0% 16.05% 28.09%
Gross Profit $132.4M $136.0M $145.6M
YoY Change -2.66% 20.44% 15.07%
Gross Profit Margin 52.32% 52.42% 55.05%
Selling, General & Admin $25.32M $54.11M $53.24M
YoY Change -53.19% -6.2% -2.6%
% of Gross Profit 19.13% 39.78% 36.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000M $3.900M $4.200M
YoY Change 2.56% 0.0% 10.53%
% of Gross Profit 3.02% 2.87% 2.89%
Operating Expenses $45.83M $77.84M $72.63M
YoY Change -41.12% -12.25% -13.58%
Operating Profit $86.56M $58.17M $72.96M
YoY Change 48.8% 34.98% 18.22%
Interest Expense $20.37M -$18.20M -$19.60M
YoY Change -211.93% -7.14% -10.09%
% of Operating Profit 23.54% -31.29% -26.87%
Other Income/Expense, Net
YoY Change
Pretax Income $66.17M $40.02M $50.99M
YoY Change 65.34% 70.04% 44.69%
Income Tax $18.14M $9.392M $12.01M
% Of Pretax Income 27.42% 23.47% 23.55%
Net Earnings $48.03M $25.06M $35.02M
YoY Change 91.62% 37.52% 25.52%
Net Earnings / Revenue 18.98% 9.66% 13.24%
Basic Earnings Per Share $1.59 $0.74 $1.05
Diluted Earnings Per Share $1.58 $0.73 $1.02
COMMON SHARES
Basic Shares Outstanding 30.20M 33.83M 33.48M
Diluted Shares Outstanding 30.35M 34.47M 34.42M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $321.5M $65.50M $57.70M
YoY Change 390.84% 38.19% -17.45%
Cash & Equivalents $321.5M $33.85M $57.72M
Short-Term Investments
Other Short-Term Assets $72.00M $57.50M $50.80M
YoY Change 25.22% 5.89% -10.88%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.204B $1.028B $880.3M
YoY Change 17.07% 20.29% 6.07%
LONG-TERM ASSETS
Property, Plant & Equipment $60.00M $49.00M $46.80M
YoY Change 22.45% 2.51% -1.89%
Goodwill $267.0M $267.0M
YoY Change 0.0%
Intangibles $2.720M $2.987M
YoY Change -28.23%
Long-Term Investments
YoY Change
Other Assets $25.40M $11.80M $126.4M
YoY Change 115.25% 19.19% 1230.53%
Total Long-Term Assets $375.3M $355.3M $464.2M
YoY Change 5.64% 8.18% 41.41%
TOTAL ASSETS
Total Short-Term Assets $1.204B $1.028B $880.3M
Total Long-Term Assets $375.3M $355.3M $464.2M
Total Assets $1.579B $1.383B $1.345B
YoY Change 14.13% 16.93% 16.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.70M $118.2M $79.30M
YoY Change -25.8% 63.26% 12.48%
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 $87.70M $118.2M $79.30M
YoY Change -25.8% 63.26% 12.16%
LONG-TERM LIABILITIES
Long-Term Debt $906.6M $785.5M $791.9M
YoY Change 15.42% 2.98% 4.93%
Other Long-Term Liabilities $35.60M $37.70M $46.90M
YoY Change -5.57%
Total Long-Term Liabilities $942.2M $823.2M $838.8M
YoY Change 14.46% 7.92% 11.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.70M $118.2M $79.30M
Total Long-Term Liabilities $942.2M $823.2M $838.8M
Total Liabilities $1.103B $977.0M $965.3M
YoY Change 12.87% 15.0% 14.58%
SHAREHOLDERS EQUITY
Retained Earnings $396.1M $371.1M
YoY Change 26.79%
Common Stock $56.91M $51.64M
YoY Change 44.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.83M $31.26M
YoY Change 340.58%
Treasury Stock Shares $1.682M $1.656M
Shareholders Equity $476.2M $406.5M $379.2M
YoY Change
Total Liabilities & Shareholders Equity $1.579B $1.383B $1.345B
YoY Change 14.13% 16.93% 16.09%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $48.03M $25.06M $35.02M
YoY Change 91.62% 37.52% 25.52%
Depreciation, Depletion And Amortization $4.000M $3.900M $4.200M
YoY Change 2.56% 0.0% 10.53%
Cash From Operating Activities $230.9M $193.7M $221.1M
YoY Change 19.2% 35.74% 44.49%
INVESTING ACTIVITIES
Capital Expenditures -$7.500M $6.023M $4.425M
YoY Change -224.52% 62.08% -234.09%
Acquisitions
YoY Change
Other Investing Activities $137.1M -$208.9M -$99.30M
YoY Change -165.63% 24.05% -8.14%
Cash From Investing Activities $129.6M -$214.9M -$104.2M
YoY Change -160.31% 24.8% -6.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.242M
YoY Change 630.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -199.2M -5.900M -77.91M
YoY Change 3276.27% -184.29% 91.87%
NET CHANGE
Cash From Operating Activities 230.9M 193.7M 221.1M
Cash From Investing Activities 129.6M -214.9M -104.2M
Cash From Financing Activities -199.2M -5.900M -77.91M
Net Change In Cash 161.3M -27.10M 40.96M
YoY Change -695.2% 20.44% 528.14%
FREE CASH FLOW
Cash From Operating Activities $230.9M $193.7M $221.1M
Capital Expenditures -$7.500M $6.023M $4.425M
Free Cash Flow $238.4M $187.7M $216.7M
YoY Change 27.03% 35.03% 38.61%

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