2015 Q2 Form 10-Q Financial Statement

#000159071415000034 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $675.1M $189.1M
YoY Change 257.01% -0.47%
Cost Of Revenue $406.5M $92.40M
YoY Change 339.94% -1.18%
Gross Profit $268.6M $96.70M
YoY Change 177.77% 0.21%
Gross Profit Margin 39.79% 51.14%
Selling, General & Admin $206.2M $85.20M
YoY Change 142.02% 57.78%
% of Gross Profit 76.77% 88.11%
Research & Development $18.40M $5.900M
YoY Change 211.86% 0.0%
% of Gross Profit 6.85% 6.1%
Depreciation & Amortization $66.10M $21.40M
YoY Change 208.88% -316.16%
% of Gross Profit 24.61% 22.13%
Operating Expenses $224.6M $91.10M
YoY Change 146.54% 52.34%
Operating Profit $44.00M $5.600M
YoY Change 685.71% -84.74%
Interest Expense $52.50M $7.900M
YoY Change 564.56% -161.72%
% of Operating Profit 119.32% 141.07%
Other Income/Expense, Net -$53.30M -$8.200M
YoY Change 550.0% 173.33%
Pretax Income -$9.300M -$2.600M
YoY Change 257.69% -230.0%
Income Tax -$200.0K -$4.100M
% Of Pretax Income
Net Earnings -$12.20M -$400.0K
YoY Change 2950.0% -93.22%
Net Earnings / Revenue -1.81% -0.21%
Basic Earnings Per Share -$0.06 $0.00
Diluted Earnings Per Share -$0.06 $0.00
COMMON SHARES
Basic Shares Outstanding 192.8M shares 128.6M shares
Diluted Shares Outstanding 192.8M shares 128.6M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $672.0M $643.0M
YoY Change 4.51% -27.01%
Cash & Equivalents $672.2M $642.7M
Short-Term Investments
Other Short-Term Assets $195.0M $24.00M
YoY Change 712.5%
Inventory $470.0M $81.00M
Prepaid Expenses
Receivables $1.050B $142.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.387B $890.0M
YoY Change 168.24% 1.02%
LONG-TERM ASSETS
Property, Plant & Equipment $280.6M $134.0M
YoY Change 109.4%
Goodwill $3.013B
YoY Change
Intangibles $2.777B
YoY Change
Long-Term Investments
YoY Change
Other Assets $88.40M $40.00M
YoY Change 121.0%
Total Long-Term Assets $6.159B $1.877B
YoY Change 228.14%
TOTAL ASSETS
Total Short-Term Assets $2.387B $890.0M
Total Long-Term Assets $6.159B $1.877B
Total Assets $8.546B $2.767B
YoY Change 208.87% 214.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $386.7M $57.00M
YoY Change 578.42%
Accrued Expenses $361.0M $47.00M
YoY Change 668.09%
Deferred Revenue
YoY Change
Short-Term Debt $22.40M $0.00
YoY Change
Long-Term Debt Due $16.80M $8.000M
YoY Change 110.0%
Total Short-Term Liabilities $858.0M $115.0M
YoY Change 646.09%
LONG-TERM LIABILITIES
Long-Term Debt $3.402B $740.0M
YoY Change 359.68%
Other Long-Term Liabilities $104.1M $118.0M
YoY Change -11.78%
Total Long-Term Liabilities $3.506B $858.0M
YoY Change 308.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $858.0M $115.0M
Total Long-Term Liabilities $3.506B $858.0M
Total Liabilities $5.152B $1.239B
YoY Change 315.82%
SHAREHOLDERS EQUITY
Retained Earnings -$263.0M
YoY Change
Common Stock $2.100M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.639B $1.527B
YoY Change
Total Liabilities & Shareholders Equity $8.546B $2.767B
YoY Change 208.87% 214.07%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$12.20M -$400.0K
YoY Change 2950.0% -93.22%
Depreciation, Depletion And Amortization $66.10M $21.40M
YoY Change 208.88% -316.16%
Cash From Operating Activities $97.50M $28.10M
YoY Change 246.98% -221.12%
INVESTING ACTIVITIES
Capital Expenditures -$8.500M -$2.600M
YoY Change 226.92% -300.0%
Acquisitions
YoY Change
Other Investing Activities -$900.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$9.400M -$2.600M
YoY Change 261.54% -99.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $483.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 285.0M 299.7M
YoY Change -4.9% -66.74%
NET CHANGE
Cash From Operating Activities 97.50M 28.10M
Cash From Investing Activities -9.400M -2.600M
Cash From Financing Activities 285.0M 299.7M
Net Change In Cash 373.1M 325.2M
YoY Change 14.73% -37.55%
FREE CASH FLOW
Cash From Operating Activities $97.50M $28.10M
Capital Expenditures -$8.500M -$2.600M
Free Cash Flow $106.0M $30.70M
YoY Change 245.28% -225.31%

Facts In Submission

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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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100000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Payments To Acquire Property Plant And Equipment
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4600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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CY2015Q2 us-gaap Preferred Stock Value
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CY2015Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2014Q2 us-gaap Restructuring Costs
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us-gaap Restructuring Costs
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us-gaap Selling General And Administrative Expense
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2015Q2 us-gaap Shares Issued Price Per Share
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CY2015Q2 us-gaap Shares Issued Price Per Share
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CY2014Q4 us-gaap Short Term Borrowings
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CY2015Q2 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2015Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2014Q4 us-gaap Unrecognized Tax Benefits
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9700000 USD
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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192300000 shares

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