2015 Q1 Form 10-Q Financial Statement

#000138627815000044 Filed on May 11, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $227.2M $159.3M
YoY Change 42.63% 3.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $161.3M $135.6M
YoY Change 18.95% 3.67%
% of Gross Profit
Research & Development $30.60M $22.08M
YoY Change 38.59% 0.36%
% of Gross Profit
Depreciation & Amortization $9.375M $7.664M
YoY Change 22.33% 20.62%
% of Gross Profit
Operating Expenses $161.3M $135.6M
YoY Change 18.92% 3.67%
Operating Profit $65.90M $23.66M
YoY Change 178.51% 1.38%
Interest Expense -$100.0K $1.000M
YoY Change -110.0% 25.0%
% of Operating Profit -0.15% 4.23%
Other Income/Expense, Net
YoY Change
Pretax Income $65.78M $24.62M
YoY Change 167.16% 1.99%
Income Tax $24.97M $9.316M
% Of Pretax Income 37.95% 37.84%
Net Earnings $40.81M $15.31M
YoY Change 166.66% -1.8%
Net Earnings / Revenue 17.97% 9.61%
Basic Earnings Per Share
Diluted Earnings Per Share $781.6K $0.33
COMMON SHARES
Basic Shares Outstanding 51.45M shares 37.46M shares
Diluted Shares Outstanding 51.94M shares 38.77M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $909.2M $850.9M
YoY Change 6.85% 79.55%
Cash & Equivalents $878.2M $747.6M
Short-Term Investments $31.00M $103.2M
Other Short-Term Assets $77.00M $90.90M
YoY Change -15.29% 19.61%
Inventory
Prepaid Expenses
Receivables $38.15M $33.15M
Other Receivables $0.00 $14.20M
Total Short-Term Assets $1.024B $981.9M
YoY Change 4.33% 63.52%
LONG-TERM ASSETS
Property, Plant & Equipment $79.81M $56.76M
YoY Change 40.61% -2.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $89.80M $57.20M
YoY Change 56.99% -8.33%
Other Assets $28.20M $19.60M
YoY Change 43.88% 14.62%
Total Long-Term Assets $699.1M $170.8M
YoY Change 309.32% -8.42%
TOTAL ASSETS
Total Short-Term Assets $1.024B $981.9M
Total Long-Term Assets $699.1M $170.8M
Total Assets $1.724B $1.153B
YoY Change 49.53% 46.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.79M $25.65M
YoY Change -3.36% 35.5%
Accrued Expenses $74.70M $42.30M
YoY Change 76.6% 45.36%
Deferred Revenue
YoY Change
Short-Term Debt $646.7M $526.5M
YoY Change 22.83% 91.32%
Long-Term Debt Due $22.50M
YoY Change
Total Short-Term Liabilities $873.7M $697.4M
YoY Change 25.29% 67.37%
LONG-TERM LIABILITIES
Long-Term Debt $121.9M $0.00
YoY Change
Other Long-Term Liabilities $40.37M $28.95M
YoY Change 39.44% 32.69%
Total Long-Term Liabilities $40.37M $28.95M
YoY Change 39.44% 32.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $873.7M $697.4M
Total Long-Term Liabilities $40.37M $28.95M
Total Liabilities $1.036B $726.6M
YoY Change 42.61% 65.7%
SHAREHOLDERS EQUITY
Retained Earnings $286.5M $218.3M
YoY Change 31.24% 18.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $687.4M $426.1M
YoY Change
Total Liabilities & Shareholders Equity $1.724B $1.153B
YoY Change 49.53% 46.47%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $40.81M $15.31M
YoY Change 166.66% -1.8%
Depreciation, Depletion And Amortization $9.375M $7.664M
YoY Change 22.33% 20.62%
Cash From Operating Activities $84.50M -$171.0K
YoY Change -49512.87% -100.7%
INVESTING ACTIVITIES
Capital Expenditures $14.14M $10.51M
YoY Change 34.55% 18.3%
Acquisitions $65.21M $0.00
YoY Change
Other Investing Activities -$66.80M $39.30M
YoY Change -269.97% 89.86%
Cash From Investing Activities -$80.97M $28.82M
YoY Change -381.01% 143.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $150.6M $295.6M
YoY Change -49.06% 634.95%
NET CHANGE
Cash From Operating Activities $84.50M -$171.0K
Cash From Investing Activities -$80.97M $28.82M
Cash From Financing Activities $150.6M $295.6M
Net Change In Cash $154.1M $324.2M
YoY Change -52.47% 323.43%
FREE CASH FLOW
Cash From Operating Activities $84.50M -$171.0K
Capital Expenditures $14.14M $10.51M
Free Cash Flow $70.35M -$10.68M
YoY Change -758.54% -168.41%

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33000 USD
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1000 USD
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3000 USD
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3000 USD
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0 USD
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4000 USD
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31000 USD
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229000 USD
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8000 USD
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34000 USD
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29000 USD
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0 USD
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0 USD
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24621000 USD
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65778000 USD
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16290000 USD
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0 USD
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2308000 USD
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8641000 USD
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24091000 USD
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-3548000 USD
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306769000 USD
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78872000 USD
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3835000 USD
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31000 USD
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1429000 USD
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15991000 USD
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16000 USD
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16000 USD
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1112000 USD
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150000000 USD
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22500000 USD
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22500000 USD
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150000000 USD
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144375000 USD
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6815000 USD
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5399000 USD
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5493000 USD
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127500000 USD
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295574000 USD
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NetCashProvidedByUsedInOperatingActivities
-171000 USD
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84327000 USD
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15305000 USD
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40813000 USD
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13023000 USD
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39648000 USD
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549410000 USD
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627628000 USD
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19631000 USD
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NoninterestBearingDomesticDepositDemand
26653000 USD
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2 segment
CY2015Q1 us-gaap Repayments Of Notes Payable
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5625000 USD
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100000 store
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135609000 USD
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161269000 USD
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23660000 USD
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65896000 USD
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37000 USD
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85000 USD
CY2014Q1 us-gaap Other General And Administrative Expense
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26324000 USD
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28036000 USD
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79137000 USD
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74678000 USD
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31295000 USD
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40369000 USD
CY2014Q1 us-gaap Payments For Proceeds From Loans Receivable
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-336000 USD
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265000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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44548000 USD
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
34631000 USD
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0 USD
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65209000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
10512000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
14144000 USD
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2282000 USD
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PreferredStockDividendsAndOtherAdjustments
1165000 USD
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23992000 USD
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26326000 USD
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11883000 USD
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11865000 USD
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1626000 USD
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ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
117000 USD
CY2014Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
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ProceedsFromLinesOfCredit
30001000 USD
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
47445000 USD
CY2015Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
21972000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
35411000 USD
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ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12733000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77284000 USD
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PropertyPlantAndEquipmentNet
79809000 USD
CY2014Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8490000 USD
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15192000 USD
CY2014Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
CY2015Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
73000 USD
CY2014Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2015Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30001000 USD
CY2014Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
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RestrictedCashAndCashEquivalentsAtCarryingValue
2015000 USD
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4841000 USD
CY2014Q1 us-gaap Selling And Marketing Expense
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60243000 USD
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2152000 USD
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RestrictedCashAndCashEquivalentsNoncurrent
2182000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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245693000 USD
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286506000 USD
CY2014Q1 us-gaap Revenues
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159269000 USD
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227165000 USD
CY2015Q1 us-gaap Selling And Marketing Expense
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61279000 USD
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148694000 USD
CY2015Q1 us-gaap Settlement Assets Current
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45904000 USD
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4484000 USD
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4288000 USD
CY2014Q1 us-gaap Share Based Compensation
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3972000 USD
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5213000 USD
CY2014Q4 us-gaap Stockholders Equity
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628990000 USD
CY2015Q1 us-gaap Stockholders Equity
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687407000 USD
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0 USD
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7819000 USD
CY2015Q1 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
19000 USD
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350000 USD
CY2015Q1 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
58000 USD
CY2015Q1 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
3181000 USD
CY2015Q1 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
1799000 USD
CY2015Q1 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
1880000 USD
CY2015Q1 us-gaap Time Deposits
TimeDeposits
7287000 USD
CY2014Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
5263000 USD
CY2015Q1 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
5481000 USD
CY2014Q4 us-gaap Time Deposits Less Than100000
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1838000 USD
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1806000 USD
CY2014Q1 us-gaap Undistributed Earnings
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12836000 USD
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UndistributedEarnings
39567000 USD
CY2014Q1 us-gaap Undistributed Earnings Diluted
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12906000 USD
CY2015Q1 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
39578000 USD
CY2014Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
187000 USD
CY2015Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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81000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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3724000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4400000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6190000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
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6866000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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300000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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676000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
676000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4400000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6866000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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38769000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51938000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37462000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51448000 shares

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