2018 Q2 Form 10-Q Financial Statement

#000156459018019464 Filed on August 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $74.33M $70.51M
YoY Change 5.42% 8.76%
Cost Of Revenue $42.50M $38.70M
YoY Change 9.82% 25.24%
Gross Profit $31.80M $31.80M
YoY Change 0.0% -6.19%
Gross Profit Margin 42.78% 45.1%
Selling, General & Admin $12.67M $17.60M
YoY Change -27.99% 5.39%
% of Gross Profit 39.85% 55.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.100M $4.600M
YoY Change -10.87% 17.95%
% of Gross Profit 12.89% 14.47%
Operating Expenses $12.67M $22.20M
YoY Change -42.91% 7.77%
Operating Profit $10.07M $9.600M
YoY Change 4.93% -27.82%
Interest Expense $4.001M -$4.000M
YoY Change -200.03% 8.11%
% of Operating Profit 39.72% -41.67%
Other Income/Expense, Net $273.0K
YoY Change
Pretax Income $7.528M $5.700M
YoY Change 32.07% -40.63%
Income Tax $2.652M $2.100M
% Of Pretax Income 35.23% 36.84%
Net Earnings $4.840M $3.326M
YoY Change 45.52% -41.82%
Net Earnings / Revenue 6.51% 4.72%
Basic Earnings Per Share $0.05 $0.04
Diluted Earnings Per Share $0.05 $0.04
COMMON SHARES
Basic Shares Outstanding 88.96M
Diluted Shares Outstanding 90.02M 92.03M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $241.3M $60.60M
YoY Change 298.18% -1.3%
Cash & Equivalents $109.7M $60.64M
Short-Term Investments $132.4M
Other Short-Term Assets $13.90M $6.200M
YoY Change 124.19% 8.77%
Inventory
Prepaid Expenses
Receivables $76.38M $70.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $331.6M $137.6M
YoY Change 140.99% 7.33%
LONG-TERM ASSETS
Property, Plant & Equipment $58.60M $56.84M
YoY Change 3.1% 0.95%
Goodwill $69.32M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.400M $4.594M
YoY Change -4.22% -91.66%
Total Long-Term Assets $416.9M $415.4M
YoY Change 0.35% 4.62%
TOTAL ASSETS
Total Short-Term Assets $331.6M $137.6M
Total Long-Term Assets $416.9M $415.4M
Total Assets $748.5M $553.0M
YoY Change 35.34% 5.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.80M $47.20M
YoY Change 11.86% 82.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.750M
YoY Change -20.0% -1.32%
Total Short-Term Liabilities $59.20M $50.93M
YoY Change 16.23% 72.07%
LONG-TERM LIABILITIES
Long-Term Debt $291.2M $285.2M
YoY Change 2.12% -7.45%
Other Long-Term Liabilities $19.60M $27.13M
YoY Change -27.76% 77.33%
Total Long-Term Liabilities $310.8M $312.3M
YoY Change -0.48% -3.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.20M $50.93M
Total Long-Term Liabilities $310.8M $312.3M
Total Liabilities $412.3M $363.2M
YoY Change 13.51% 2.89%
SHAREHOLDERS EQUITY
Retained Earnings -$709.9M
YoY Change
Common Stock $901.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $335.7M $189.8M
YoY Change
Total Liabilities & Shareholders Equity $748.5M $553.0M
YoY Change 35.34% 5.28%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $4.840M $3.326M
YoY Change 45.52% -41.82%
Depreciation, Depletion And Amortization $4.100M $4.600M
YoY Change -10.87% 17.95%
Cash From Operating Activities $13.30M $10.40M
YoY Change 27.88% -25.18%
INVESTING ACTIVITIES
Capital Expenditures -$2.700M $5.564M
YoY Change -148.53% 137.17%
Acquisitions
YoY Change
Other Investing Activities $21.40M -$9.400M
YoY Change -327.66%
Cash From Investing Activities $18.80M -$15.20M
YoY Change -223.68% 484.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.40M -3.600M
YoY Change 244.44% 24.14%
NET CHANGE
Cash From Operating Activities 13.30M 10.40M
Cash From Investing Activities 18.80M -15.20M
Cash From Financing Activities -12.40M -3.600M
Net Change In Cash 19.70M -8.400M
YoY Change -334.52% -200.0%
FREE CASH FLOW
Cash From Operating Activities $13.30M $10.40M
Capital Expenditures -$2.700M $5.564M
Free Cash Flow $16.00M $4.836M
YoY Change 230.85% -58.14%

Facts In Submission

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0.05
evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
0.10
CY2018Q2 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.04
evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.09
CY2018Q2 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.05
evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.12
CY2018Q2 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.12
evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.02
CY2018Q2 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.01
evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.21
CY2018Q2 evc Percentage Change In Expenses
PercentageChangeInExpenses
0.12
evc Percentage Change In Expenses
PercentageChangeInExpenses
0.07
evc Percentage Change In Foreign Currency Exchange Gain Loss
PercentageChangeInForeignCurrencyExchangeGainLoss
0.44
CY2018Q2 evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
0.06
evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
-0.45
CY2018Q2 evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
0.09
evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
0.01
CY2018Q2 evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
8.45
evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
7.91
CY2018Q2 evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
0.32
evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
-0.52
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3009000

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