2017 Q4 Form 10-Q Financial Statement

#000155986517000077 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $99.60M $102.7M $94.47M
YoY Change -2.26% 8.74% 1.64%
Cost Of Revenue $50.70M $1.775M $381.0K
YoY Change 4.11% 365.88% -2.06%
Gross Profit $48.90M $101.0M $94.09M
YoY Change -8.08% 7.3% 1.66%
Gross Profit Margin 49.1% 98.27% 99.6%
Selling, General & Admin $16.10M $14.61M $10.82M
YoY Change 25.78% 35.07% 4.1%
% of Gross Profit 32.92% 14.47% 11.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.10M $3.800M $3.700M
YoY Change 6.62% 2.7% -5.13%
% of Gross Profit 32.92% 3.76% 3.93%
Operating Expenses $32.20M $14.61M $10.82M
YoY Change 15.83% 35.07% 4.1%
Operating Profit $16.70M $8.808M $27.01M
YoY Change -34.25% -67.39% 25.77%
Interest Expense -$7.100M $8.012M $6.276M
YoY Change 14.52% 27.66% 4.55%
% of Operating Profit -42.51% 90.96% 23.24%
Other Income/Expense, Net -$200.0K -$7.506M -$5.657M
YoY Change -83.33% 32.69% 3.14%
Pretax Income $9.500M $1.302M $21.35M
YoY Change -47.22% -93.9% 33.53%
Income Tax $3.500M -$4.840M $1.639M
% Of Pretax Income 36.84% -371.74% 7.68%
Net Earnings $5.800M $6.102M $19.68M
YoY Change -63.75% -68.99% -22.32%
Net Earnings / Revenue 5.82% 5.94% 20.83%
Basic Earnings Per Share $0.08 $0.27
Diluted Earnings Per Share $80.11K $0.08 $0.26
COMMON SHARES
Basic Shares Outstanding 72.39M shares 72.39M shares 73.87M shares
Diluted Shares Outstanding 73.09M shares 74.29M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.40M $48.40M $45.00M
YoY Change -2.89% 7.56% 11.39%
Cash & Equivalents $50.42M $48.44M $44.99M
Short-Term Investments
Other Short-Term Assets $34.90M $35.20M $30.90M
YoY Change 22.46% 13.92% -25.0%
Inventory
Prepaid Expenses
Receivables $83.33M $75.96M $67.45M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $168.7M $159.5M $143.3M
YoY Change 6.6% 11.29% -4.46%
LONG-TERM ASSETS
Property, Plant & Equipment $37.92M $36.52M $37.70M
YoY Change -2.58% -3.12% 13.27%
Goodwill $398.6M $402.1M $371.4M
YoY Change 7.44% 8.27% 0.77%
Intangibles
YoY Change
Long-Term Investments $13.07M $12.83M $12.25M
YoY Change 6.7% 4.78% -0.28%
Other Assets $3.561M $3.757M $3.883M
YoY Change -41.72% -3.24% -57.23%
Total Long-Term Assets $734.1M $745.4M $723.7M
YoY Change 0.92% 3.0% -1.25%
TOTAL ASSETS
Total Short-Term Assets $168.7M $159.5M $143.3M
Total Long-Term Assets $734.1M $745.4M $723.7M
Total Assets $902.8M $905.0M $867.0M
YoY Change 1.93% 4.37% -1.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.14M $27.85M $27.17M
YoY Change 0.71% 2.49% 21.2%
Accrued Expenses $38.45M $40.51M $37.45M
YoY Change 12.29% 8.18% 13.76%
Deferred Revenue $7.737M
YoY Change
Short-Term Debt $12.00M $33.00M $16.00M
YoY Change -57.14% 106.25% -11.11%
Long-Term Debt Due $46.49M $46.42M $28.38M
YoY Change 134.91% 63.58% 35.93%
Total Short-Term Liabilities $147.2M $159.1M $118.2M
YoY Change 13.98% 34.53% 11.6%
LONG-TERM LIABILITIES
Long-Term Debt $557.3M $561.9M $597.2M
YoY Change -7.07% -5.9% -5.53%
Other Long-Term Liabilities $13.04M $11.37M $15.39M
YoY Change -20.38% -26.14% 471.17%
Total Long-Term Liabilities $570.3M $573.3M $612.5M
YoY Change -7.43% -6.41% -3.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.2M $159.1M $118.2M
Total Long-Term Liabilities $570.3M $573.3M $612.5M
Total Liabilities $754.8M $767.3M $761.4M
YoY Change -2.92% 0.77% -0.43%
SHAREHOLDERS EQUITY
Retained Earnings $148.9M $143.0M $116.1M
YoY Change 27.97% 23.18% 22.19%
Common Stock $723.0K $723.0K $732.0K
YoY Change -0.41% -1.23% -3.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $144.1M $133.9M $102.2M
YoY Change
Total Liabilities & Shareholders Equity $902.8M $905.0M $867.0M
YoY Change 1.93% 4.37% -1.8%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $5.800M $6.102M $19.68M
YoY Change -63.75% -68.99% -22.32%
Depreciation, Depletion And Amortization $16.10M $3.800M $3.700M
YoY Change 6.62% 2.7% -5.13%
Cash From Operating Activities $37.40M $37.30M $55.20M
YoY Change -14.02% -32.43% 15.97%
INVESTING ACTIVITIES
Capital Expenditures -$9.300M -$8.700M -$12.50M
YoY Change -13.89% -30.4% -8.76%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$42.80M -$700.0K
YoY Change -100.0% 6014.29% -90.41%
Cash From Investing Activities -$9.300M -$51.60M -$13.20M
YoY Change -61.09% 290.91% -37.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.60M -28.20M -32.80M
YoY Change 63.19% -14.02% 31.2%
NET CHANGE
Cash From Operating Activities 37.40M 37.30M 55.20M
Cash From Investing Activities -9.300M -51.60M -13.20M
Cash From Financing Activities -26.60M -28.20M -32.80M
Net Change In Cash 1.500M -42.50M 9.200M
YoY Change -54.55% -561.96% 475.0%
FREE CASH FLOW
Cash From Operating Activities $37.40M $37.30M $55.20M
Capital Expenditures -$9.300M -$8.700M -$12.50M
Free Cash Flow $46.70M $46.00M $67.70M
YoY Change -14.0% -32.05% 10.44%

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us-gaap Deferred Income Tax Expense Benefit
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20100000 USD
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4531000 USD
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us-gaap Depreciation And Amortization
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44500000 USD
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16606000 USD
us-gaap Depreciation And Amortization
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48189000 USD
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3700000 USD
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10500000 USD
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3800000 USD
us-gaap Depreciation Depletion And Amortization
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11200000 USD
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18540000 USD
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343000 USD
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1600000 USD
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400000 USD
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500000 USD
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13690000 USD
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33082000 USD
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36606000 USD
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41736000 USD
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45463000 USD
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us-gaap Goodwill And Intangible Asset Impairment
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532000 USD
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1099000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1302000 USD
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43000 USD
us-gaap Income Loss From Equity Method Investments
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155000 USD
us-gaap Income Loss From Equity Method Investments
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413000 USD
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us-gaap Income Tax Expense Benefit
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1248000 USD
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25517000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation Other Adjustments
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247000 USD
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2990000 USD
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6541000 USD
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4570000 USD
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3623000 USD
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us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Income Deposits With Financial Institutions
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us-gaap Interest Income Expense Net
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us-gaap Interest Income Related Party
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us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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1964000 USD
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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2083000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2016Q4 us-gaap Preferred Stock Shares Issued
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CY2017Q3 us-gaap Preferred Stock Shares Issued
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44000 USD
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30000 USD
CY2016Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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59112000 USD
CY2017Q3 us-gaap Profit Loss
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6142000 USD
us-gaap Profit Loss
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CY2016Q4 us-gaap Property Plant And Equipment Gross
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121470000 USD
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38930000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
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36520000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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14748000 USD
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1872000 USD
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8112000 USD
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10352000 USD
CY2016Q3 us-gaap Restricted Stock Award Forfeitures Dividends
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3000 USD
us-gaap Restricted Stock Award Forfeitures Dividends
RestrictedStockAwardForfeituresDividends
6000 USD
CY2017Q3 us-gaap Restricted Stock Award Forfeitures Dividends
RestrictedStockAwardForfeituresDividends
4000 USD
us-gaap Restricted Stock Award Forfeitures Dividends
RestrictedStockAwardForfeituresDividends
7000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
116341000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
143038000 USD
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
43022000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
129786000 USD
CY2017Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
44090000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
134045000 USD
CY2016Q3 us-gaap Revenues
Revenues
94467000 USD
us-gaap Revenues
Revenues
287618000 USD
CY2017Q3 us-gaap Revenues
Revenues
102725000 USD
us-gaap Revenues
Revenues
307516000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10818000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
34226000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14612000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
40031000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4569000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6579000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.00
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.04
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.00
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
28000000 USD
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
33000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7671000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
104676000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
133908000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
108175000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
137681000 USD
CY2017Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
32100000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
418685 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
245571 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
706771 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
580270 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74290733 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74751894 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73093718 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73090012 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73872048 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74506323 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72386947 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72509742 shares

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