2018 Q1 Form 10-Q Financial Statement

#000155986518000033 Filed on May 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $110.3M $101.3M
YoY Change 8.88% 6.08%
Cost Of Revenue $384.0K $486.0K
YoY Change -20.99% 87.64%
Gross Profit $109.9M $100.8M
YoY Change 9.02% 5.85%
Gross Profit Margin 99.65% 99.52%
Selling, General & Admin $13.43M $10.83M
YoY Change 24.01% -0.04%
% of Gross Profit 12.22% 10.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.600M $3.700M
YoY Change -2.7% 8.82%
% of Gross Profit 3.28% 3.67%
Operating Expenses $13.43M $10.83M
YoY Change 24.01% -0.04%
Operating Profit $33.56M $30.59M
YoY Change 9.69% 15.15%
Interest Expense $7.679M $7.036M
YoY Change 9.14% 19.7%
% of Operating Profit 22.88% 23.0%
Other Income/Expense, Net -$6.506M -$5.434M
YoY Change 19.73% -1.61%
Pretax Income $27.05M $25.16M
YoY Change 7.52% 19.56%
Income Tax $3.935M $2.020M
% Of Pretax Income 14.55% 8.03%
Net Earnings $23.02M $23.03M
YoY Change -0.03% 20.27%
Net Earnings / Revenue 20.88% 22.74%
Basic Earnings Per Share $0.32 $0.32
Diluted Earnings Per Share $0.31 $0.31
COMMON SHARES
Basic Shares Outstanding 72.41M shares 72.64M shares
Diluted Shares Outstanding 73.37M shares 73.15M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.50M $52.10M
YoY Change 2.69% 44.72%
Cash & Equivalents $53.47M $52.07M
Short-Term Investments
Other Short-Term Assets $40.80M $34.60M
YoY Change 17.92% 13.07%
Inventory
Prepaid Expenses
Receivables $90.04M $76.66M
Other Receivables $0.00 $0.00
Total Short-Term Assets $184.4M $163.3M
YoY Change 12.89% 15.13%
LONG-TERM ASSETS
Property, Plant & Equipment $38.52M $37.22M
YoY Change 3.48% 10.24%
Goodwill $399.9M $372.0M
YoY Change 7.49% -1.18%
Intangibles
YoY Change
Long-Term Investments $13.37M $12.49M
YoY Change 7.03% 2.72%
Other Assets $7.182M $5.332M
YoY Change 34.7% 136.24%
Total Long-Term Assets $732.5M $719.2M
YoY Change 1.84% -1.21%
TOTAL ASSETS
Total Short-Term Assets $184.4M $163.3M
Total Long-Term Assets $732.5M $719.2M
Total Assets $916.8M $882.6M
YoY Change 3.88% 1.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.67M $27.16M
YoY Change 49.77% 33.72%
Accrued Expenses $35.33M $32.62M
YoY Change 8.31% -2.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $27.00M
YoY Change -100.0% 80.0%
Long-Term Debt Due $46.56M $19.98M
YoY Change 133.06% -18.88%
Total Short-Term Liabilities $136.2M $116.2M
YoY Change 17.19% 15.86%
LONG-TERM LIABILITIES
Long-Term Debt $553.1M $595.6M
YoY Change -7.13% -2.89%
Other Long-Term Liabilities $11.47M $11.77M
YoY Change -2.49% -20.9%
Total Long-Term Liabilities $564.6M $607.4M
YoY Change -7.04% -3.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.2M $116.2M
Total Long-Term Liabilities $564.6M $607.4M
Total Liabilities $737.5M $757.2M
YoY Change -2.59% -0.4%
SHAREHOLDERS EQUITY
Retained Earnings $172.8M $133.5M
YoY Change 29.46% 24.73%
Common Stock $724.0K $725.0K
YoY Change -0.14% -3.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $175.3M $121.8M
YoY Change
Total Liabilities & Shareholders Equity $916.8M $882.6M
YoY Change 3.88% 1.46%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $23.02M $23.03M
YoY Change -0.03% 20.27%
Depreciation, Depletion And Amortization $3.600M $3.700M
YoY Change -2.7% 8.82%
Cash From Operating Activities $30.37M $25.31M
YoY Change 20.01% -16.29%
INVESTING ACTIVITIES
Capital Expenditures $4.157M $2.674M
YoY Change 55.46% 126.8%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities
YoY Change
Cash From Investing Activities -$9.365M -$6.534M
YoY Change 43.33% 15.26%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $7.264M
YoY Change -100.0% -2.9%
Common Stock Issuance & Retirement, Net $0.00 $3.765M
YoY Change -100.0% 53.17%
Debt Paid & Issued, Net $5.041M $4.853M
YoY Change 3.87% 2.17%
Cash From Financing Activities -$17.36M -$18.48M
YoY Change -6.04% 6.98%
NET CHANGE
Cash From Operating Activities $30.37M $25.31M
Cash From Investing Activities -$9.365M -$6.534M
Cash From Financing Activities -$17.36M -$18.48M
Net Change In Cash $3.644M $296.0K
YoY Change 1131.08% -95.94%
FREE CASH FLOW
Cash From Operating Activities $30.37M $25.31M
Capital Expenditures $4.157M $2.674M
Free Cash Flow $26.21M $22.63M
YoY Change 15.82% -22.1%

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CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1096000 USD
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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204000 USD
CY2017Q1 us-gaap Payments To Acquire Intangible Assets
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3860000 USD
CY2018Q1 us-gaap Payments To Acquire Intangible Assets
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CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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2674000 USD
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CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2018Q1 us-gaap Preferred Stock Shares Issued
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10540000 USD
CY2017Q1 us-gaap Restricted Stock Award Forfeitures Dividends
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16000 USD
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14000 USD
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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P7Y
CY2017Q1 us-gaap Revenues
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CY2017Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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72636166 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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72409462 shares

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