2019 Q1 Form 10-Q Financial Statement

#000155986519000052 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $118.8M $110.3M
YoY Change 7.76% 8.88%
Cost Of Revenue $50.00M $384.0K
YoY Change 12920.83% -20.99%
Gross Profit $68.80M $109.9M
YoY Change -37.39% 9.02%
Gross Profit Margin 57.89% 99.65%
Selling, General & Admin $15.14M $13.43M
YoY Change 12.71% 24.01%
% of Gross Profit 22.0% 12.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000M $3.600M
YoY Change 11.11% -2.7%
% of Gross Profit 5.81% 3.28%
Operating Expenses $15.14M $13.43M
YoY Change 12.71% 24.01%
Operating Profit $37.41M $33.56M
YoY Change 11.47% 9.69%
Interest Expense $7.551M $7.679M
YoY Change -1.67% 9.14%
% of Operating Profit 20.19% 22.88%
Other Income/Expense, Net -$6.862M -$6.506M
YoY Change 5.47% 19.73%
Pretax Income $30.54M $27.05M
YoY Change 12.92% 7.52%
Income Tax $3.809M $3.935M
% Of Pretax Income 12.47% 14.55%
Net Earnings $26.64M $23.02M
YoY Change 15.73% -0.03%
Net Earnings / Revenue 22.42% 20.88%
Basic Earnings Per Share $0.37 $0.32
Diluted Earnings Per Share $0.36 $0.31
COMMON SHARES
Basic Shares Outstanding 72.38M shares 72.41M shares
Diluted Shares Outstanding 73.77M shares 73.37M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.20M $53.50M
YoY Change 36.82% 2.69%
Cash & Equivalents $73.18M $53.47M
Short-Term Investments
Other Short-Term Assets $47.80M $40.80M
YoY Change 17.16% 17.92%
Inventory
Prepaid Expenses
Receivables $96.30M $90.04M
Other Receivables $0.00 $0.00
Total Short-Term Assets $217.3M $184.4M
YoY Change 17.84% 12.89%
LONG-TERM ASSETS
Property, Plant & Equipment $45.78M $38.52M
YoY Change 18.86% 3.48%
Goodwill $395.7M $399.9M
YoY Change -1.03% 7.49%
Intangibles
YoY Change
Long-Term Investments $12.34M $13.37M
YoY Change -7.72% 7.03%
Other Assets $7.195M $7.182M
YoY Change 0.18% 34.7%
Total Long-Term Assets $751.5M $732.5M
YoY Change 2.6% 1.84%
TOTAL ASSETS
Total Short-Term Assets $217.3M $184.4M
Total Long-Term Assets $751.5M $732.5M
Total Assets $968.8M $916.8M
YoY Change 5.67% 3.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.00M $40.67M
YoY Change 13.09% 49.77%
Accrued Expenses $44.35M $35.33M
YoY Change 25.52% 8.31%
Deferred Revenue $12.20M
YoY Change
Short-Term Debt $15.00M $0.00
YoY Change -100.0%
Long-Term Debt Due $14.25M $46.56M
YoY Change -69.39% 133.06%
Total Short-Term Liabilities $148.1M $136.2M
YoY Change 8.7% 17.19%
LONG-TERM LIABILITIES
Long-Term Debt $520.8M $553.1M
YoY Change -5.85% -7.13%
Other Long-Term Liabilities $18.74M $11.47M
YoY Change 63.35% -2.49%
Total Long-Term Liabilities $539.5M $564.6M
YoY Change -4.45% -7.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $148.1M $136.2M
Total Long-Term Liabilities $539.5M $564.6M
Total Liabilities $752.3M $737.5M
YoY Change 2.0% -2.59%
SHAREHOLDERS EQUITY
Retained Earnings $237.4M $172.8M
YoY Change 37.41% 29.46%
Common Stock $722.0K $724.0K
YoY Change -0.28% -0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $212.3M $175.3M
YoY Change
Total Liabilities & Shareholders Equity $968.8M $916.8M
YoY Change 5.67% 3.88%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $26.64M $23.02M
YoY Change 15.73% -0.03%
Depreciation, Depletion And Amortization $4.000M $3.600M
YoY Change 11.11% -2.7%
Cash From Operating Activities $29.34M $30.37M
YoY Change -3.39% 20.01%
INVESTING ACTIVITIES
Capital Expenditures $5.071M $4.157M
YoY Change 21.99% 55.46%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$13.96M -$9.365M
YoY Change 49.02% 43.33%
FINANCING ACTIVITIES
Cash Dividend Paid $3.617M $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $17.49M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $3.563M $5.041M
YoY Change -29.32% 3.87%
Cash From Financing Activities -$15.63M -$17.36M
YoY Change -9.97% -6.04%
NET CHANGE
Cash From Operating Activities $29.34M $30.37M
Cash From Investing Activities -$13.96M -$9.365M
Cash From Financing Activities -$15.63M -$17.36M
Net Change In Cash -$245.0K $3.644M
YoY Change -106.72% 1131.08%
FREE CASH FLOW
Cash From Operating Activities $29.34M $30.37M
Capital Expenditures $5.071M $4.157M
Free Cash Flow $24.27M $26.21M
YoY Change -7.41% 15.82%

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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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72378532 shares

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