2015 Q2 Form 10-Q Financial Statement

#000140658715000047 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $43.63M $83.01M
YoY Change -47.45% 38.17%
Cost Of Revenue $22.60M $49.80M
YoY Change -54.62% 32.45%
Gross Profit $21.06M $33.26M
YoY Change -36.68% 48.07%
Gross Profit Margin 48.28% 40.07%
Selling, General & Admin $4.900M $6.900M
YoY Change -28.99% 18.97%
% of Gross Profit 23.27% 20.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.10M $10.50M
YoY Change 15.24% 43.84%
% of Gross Profit 57.45% 31.57%
Operating Expenses $16.30M $23.20M
YoY Change -29.74% 22.75%
Operating Profit $5.919M $26.94M
YoY Change -78.03% 658.08%
Interest Expense $8.715M $7.370M
YoY Change 18.25% 43.89%
% of Operating Profit 147.24% 27.36%
Other Income/Expense, Net
YoY Change
Pretax Income $3.382M $22.80M
YoY Change -85.17% 981.03%
Income Tax $897.0K $8.051M
% Of Pretax Income 26.52% 35.31%
Net Earnings -$34.51M $14.82M
YoY Change -332.81% 2639.74%
Net Earnings / Revenue -79.1% 17.86%
Basic Earnings Per Share -$1.01 $0.34
Diluted Earnings Per Share -$0.81 $0.34
COMMON SHARES
Basic Shares Outstanding 34.28M shares 35.46M shares
Diluted Shares Outstanding 42.33M shares 43.69M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.80M $184.2M
YoY Change -46.36% 166.57%
Cash & Equivalents $98.76M $184.2M
Short-Term Investments
Other Short-Term Assets $3.500M $5.100M
YoY Change -31.37% -21.54%
Inventory
Prepaid Expenses
Receivables $12.70M $30.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $115.0M $219.6M
YoY Change -47.63% 92.46%
LONG-TERM ASSETS
Property, Plant & Equipment $10.85M $10.54M
YoY Change 2.95% 127.72%
Goodwill $63.36M $64.49M
YoY Change -1.76% 1.78%
Intangibles $2.228M $2.106M
YoY Change 5.79% -3.66%
Long-Term Investments $76.72M $50.80M
YoY Change 51.02% 15.23%
Other Assets $65.30M $34.50M
YoY Change 89.28% -21.23%
Total Long-Term Assets $1.077B $1.003B
YoY Change 7.44% 15.86%
TOTAL ASSETS
Total Short-Term Assets $115.0M $219.6M
Total Long-Term Assets $1.077B $1.003B
Total Assets $1.192B $1.222B
YoY Change -2.46% 24.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.900M $18.60M
YoY Change -46.77% 47.62%
Accrued Expenses $40.30M $37.60M
YoY Change 7.18% 2.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.20M $64.70M
YoY Change -8.5% 30.97%
LONG-TERM LIABILITIES
Long-Term Debt $434.8M $400.3M
YoY Change 8.62% 20.72%
Other Long-Term Liabilities $27.90M $19.50M
YoY Change 43.08% -40.91%
Total Long-Term Liabilities $462.7M $419.8M
YoY Change 10.22% 15.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.20M $64.70M
Total Long-Term Liabilities $462.7M $419.8M
Total Liabilities $521.9M $484.5M
YoY Change 7.73% 17.01%
SHAREHOLDERS EQUITY
Retained Earnings $124.3M $173.6M
YoY Change -28.37% 38.21%
Common Stock $597.2M $593.3M
YoY Change 0.65% 26.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $53.13M $31.87M
YoY Change 66.69% -8.31%
Treasury Stock Shares 3.332M shares 2.037M shares
Shareholders Equity $668.4M $735.0M
YoY Change
Total Liabilities & Shareholders Equity $1.192B $1.222B
YoY Change -2.46% 24.79%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$34.51M $14.82M
YoY Change -332.81% 2639.74%
Depreciation, Depletion And Amortization $12.10M $10.50M
YoY Change 15.24% 43.84%
Cash From Operating Activities $1.300M $13.50M
YoY Change -90.37% 440.0%
INVESTING ACTIVITIES
Capital Expenditures -$20.80M -$30.40M
YoY Change -31.58% 40.09%
Acquisitions
YoY Change
Other Investing Activities -$7.000M $10.80M
YoY Change -164.81% 5300.0%
Cash From Investing Activities -$27.70M -$19.50M
YoY Change 42.05% -9.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M 42.30M
YoY Change -102.36% 2388.24%
NET CHANGE
Cash From Operating Activities 1.300M 13.50M
Cash From Investing Activities -27.70M -19.50M
Cash From Financing Activities -1.000M 42.30M
Net Change In Cash -27.40M 36.30M
YoY Change -175.48% -308.62%
FREE CASH FLOW
Cash From Operating Activities $1.300M $13.50M
Capital Expenditures -$20.80M -$30.40M
Free Cash Flow $22.10M $43.90M
YoY Change -49.66% 81.4%

Facts In Submission

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OtherNonoperatingIncome
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OtherNonoperatingIncome
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OtherSalesRevenueNet
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OtherSalesRevenueNet
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PaymentsToAcquireInterestInJointVenture
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PaymentsToMinorityShareholders
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PrepaidExpenseCurrentAndNoncurrent
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ProceedsFromIssuanceOfLongTermDebt
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ProceedsFromIssuanceOfLongTermDebt
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754000 USD
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2014Q4 us-gaap Property Plant And Equipment Net
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us-gaap Results Of Operations Dry Hole Costs
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CY2014Q2 us-gaap Sales Of Real Estate
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
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us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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CY2014Q4 us-gaap Stockholders Equity
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CY2015Q2 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Timber And Timberlands
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
CY2014Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
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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
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q2 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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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34278000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34223000 shares

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