2018 Q4 Form 10-Q Financial Statement

#000000695519000005 Filed on January 04, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $158.6M $289.0M
YoY Change -45.13% 8.71%
Cost Of Revenue $88.24M $188.0M
YoY Change -53.08% 8.87%
Gross Profit $70.31M $100.9M
YoY Change -30.32% 8.43%
Gross Profit Margin 44.35% 34.92%
Selling, General & Admin $53.10M $74.50M
YoY Change -28.72% 8.6%
% of Gross Profit 75.52% 73.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.056M $10.09M
YoY Change -49.89% -7.4%
% of Gross Profit 7.19% 10.0%
Operating Expenses $55.50M $79.70M
YoY Change -30.36% 7.85%
Operating Profit -$8.554M $14.67M
YoY Change -158.3% 73.21%
Interest Expense -$7.300M -$7.500M
YoY Change -2.67% 5.63%
% of Operating Profit -51.11%
Other Income/Expense, Net -$505.0K -$329.0K
YoY Change 53.5% -152.39%
Pretax Income -$16.36M $6.830M
YoY Change -339.49% 247.23%
Income Tax $66.00K $1.604M
% Of Pretax Income 23.48%
Net Earnings -$17.45M $5.226M
YoY Change -433.95% 5.26%
Net Earnings / Revenue -11.01% 1.81%
Basic Earnings Per Share -$0.29 $0.09
Diluted Earnings Per Share -$0.29 $0.09
COMMON SHARES
Basic Shares Outstanding 61.03M shares 59.87M shares
Diluted Shares Outstanding 61.03M shares 60.61M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $203.4M $165.1M
YoY Change 23.2% -6.67%
Cash & Equivalents $203.4M $165.1M
Short-Term Investments
Other Short-Term Assets $157.9M $97.70M
YoY Change 61.62% 103.12%
Inventory $154.8M $154.2M
Prepaid Expenses
Receivables $191.2M $201.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $707.3M $618.3M
YoY Change 14.39% 12.66%
LONG-TERM ASSETS
Property, Plant & Equipment $79.16M $98.99M
YoY Change -20.03% -10.45%
Goodwill $477.4M $531.5M
YoY Change -10.18% 4.31%
Intangibles $152.7M $216.0M
YoY Change -29.31% -6.29%
Long-Term Investments
YoY Change
Other Assets $33.46M $25.43M
YoY Change 31.57% 13.96%
Total Long-Term Assets $742.7M $871.9M
YoY Change -14.82% -0.11%
TOTAL ASSETS
Total Short-Term Assets $707.3M $618.3M
Total Long-Term Assets $742.7M $871.9M
Total Assets $1.450B $1.490B
YoY Change -2.7% 4.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $124.1M $141.7M
YoY Change -12.47% 18.45%
Accrued Expenses $36.30M $37.80M
YoY Change -3.97% -12.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $30.00M $30.00M
YoY Change 0.0% 33.33%
Total Short-Term Liabilities $332.4M $343.9M
YoY Change -3.36% 38.73%
LONG-TERM LIABILITIES
Long-Term Debt $495.4M $524.6M
YoY Change -5.57% -5.36%
Other Long-Term Liabilities $53.11M $56.27M
YoY Change -5.61% -0.98%
Total Long-Term Liabilities $548.5M $580.9M
YoY Change -5.58% -4.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $332.4M $343.9M
Total Long-Term Liabilities $548.5M $580.9M
Total Liabilities $912.5M $973.9M
YoY Change -6.31% 6.83%
SHAREHOLDERS EQUITY
Retained Earnings $1.150B $1.196B
YoY Change -3.9% -5.4%
Common Stock $187.9M $162.0M
YoY Change 15.98% 14.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $617.7M $617.7M
YoY Change 0.0% 0.0%
Treasury Stock Shares 20.44M shares 20.44M shares
Shareholders Equity $537.6M $516.3M
YoY Change
Total Liabilities & Shareholders Equity $1.450B $1.490B
YoY Change -2.7% 4.82%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income -$17.45M $5.226M
YoY Change -433.95% 5.26%
Depreciation, Depletion And Amortization $5.056M $10.09M
YoY Change -49.89% -7.4%
Cash From Operating Activities -$29.11M -$20.46M
YoY Change 42.29% -264.15%
INVESTING ACTIVITIES
Capital Expenditures -$4.600M -$7.900M
YoY Change -41.77% 54.9%
Acquisitions
YoY Change
Other Investing Activities -$3.100M -$27.70M
YoY Change -88.81% -27800.0%
Cash From Investing Activities -$7.655M -$35.59M
YoY Change -78.49% 610.52%
FINANCING ACTIVITIES
Cash Dividend Paid $2.439M $2.390M
YoY Change 2.05% 1.36%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.588M -$7.941M
YoY Change 20.74% 47.96%
NET CHANGE
Cash From Operating Activities -$29.11M -$20.46M
Cash From Investing Activities -$7.655M -$35.59M
Cash From Financing Activities -$9.588M -$7.941M
Net Change In Cash -$46.35M -$63.99M
YoY Change -27.56% -3166.08%
FREE CASH FLOW
Cash From Operating Activities -$29.11M -$20.46M
Capital Expenditures -$4.600M -$7.900M
Free Cash Flow -$24.51M -$12.56M
YoY Change 95.17% -171.5%

Facts In Submission

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304683000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
181037000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
152719000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
156356000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
154764000 USD
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2018Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
23600000 USD
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
15700000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
922626000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
912468000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1481338000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1450033000 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
330961000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
332369000 USD
CY2018Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
44225000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
70030000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
535059000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
527559000 USD
CY2018Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
30000000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
30000000 USD
CY2018Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
502695000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
495384000 USD
CY2018Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
229445000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
209278000 USD
CY2017Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7941000 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9588000 USD
CY2017Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35590000 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7655000 USD
CY2017Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20458000 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-29110000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
5226000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-17452000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
14673000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-9318000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
36769000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
33459000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2898000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8176000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3025000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7944000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-127000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-232000 USD
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
67299000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
63714000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
52168000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
53113000 USD
CY2017Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-113000 USD
CY2018Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-130000 USD
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-329000 USD
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-911000 USD
CY2017Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
2764000 USD
CY2018Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
1119000 USD
CY2017Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
2390000 USD
CY2018Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
2439000 USD
CY2017Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
282000 USD
CY2018Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
201000 USD
CY2017Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7904000 USD
CY2018Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7666000 USD
CY2018Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
14869000 USD
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
14671000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
42732000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
51745000 USD
CY2017Q4 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-7500000 USD
CY2018Q4 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-7500000 USD
CY2017Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
32000 USD
CY2018Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000 USD
CY2017Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2231000 USD
CY2018Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
552000 USD
CY2017Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6616000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6994000 USD
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4417000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4997000 USD
CY2017Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1145000 USD
CY2018Q4 us-gaap Revenues
Revenues
292531000 USD
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60609000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61031000 shares
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
288955000 USD
CY2018Q4 us-gaap Sales Revenue Net
SalesRevenueNet
292531000 USD
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59871000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61031000 shares
CY2018Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
944000 USD
CY2017Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1531000 USD
CY2018Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1626000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
276913000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
250455000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
90220000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
79160000 USD
CY2017Q4 us-gaap Restructuring Charges
RestructuringCharges
6629000 USD
CY2018Q4 us-gaap Restructuring Charges
RestructuringCharges
403000 USD
CY2017Q3 us-gaap Restructuring Reserve
RestructuringReserve
5637000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
6842000 USD
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
3694000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
2705000 USD
CY2017Q4 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
2497000 USD
CY2018Q4 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
239000 USD
CY2017Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-163000 USD
CY2018Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-34000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1166955000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1149578000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14800000 USD
CY2017Q4 us-gaap Share Based Compensation
ShareBasedCompensation
5420000 USD
CY2018Q4 us-gaap Share Based Compensation
ShareBasedCompensation
3594000 USD
CY2017Q4 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-8000 USD
CY2018Q4 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-64000 USD
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
617700000 USD
CY2018Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7560566 shares
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
558712000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
537565000 USD
CY2018Q4 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1230000 USD
CY2018Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
4091000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8215000 USD
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
20439434 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
20439434 shares
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
617731000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
617731000 USD

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