2015 Q2 Form 10-Q Financial Statement

#000138627815000056 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $170.2M $147.0M
YoY Change 15.8% 4.56%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $163.3M $125.3M
YoY Change 30.33% 1.62%
% of Gross Profit
Research & Development $27.12M $17.29M
YoY Change 56.9% -13.35%
% of Gross Profit
Depreciation & Amortization $15.00M $7.900M
YoY Change 89.87% 19.7%
% of Gross Profit
Operating Expenses $163.3M $125.3M
YoY Change 30.37% 1.65%
Operating Profit $6.918M $21.73M
YoY Change -68.17% 25.22%
Interest Expense -$400.0K $1.000M
YoY Change -140.0% 25.0%
% of Operating Profit -5.78% 4.6%
Other Income/Expense, Net
YoY Change
Pretax Income $6.487M $22.74M
YoY Change -71.48% 25.0%
Income Tax $2.991M $8.399M
% Of Pretax Income 46.11% 36.93%
Net Earnings $3.496M $14.34M
YoY Change -75.63% 26.88%
Net Earnings / Revenue 2.05% 9.76%
Basic Earnings Per Share
Diluted Earnings Per Share $66.16K $342.1K
COMMON SHARES
Basic Shares Outstanding 51.81M shares 39.39M shares
Diluted Shares Outstanding 52.28M shares 40.05M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $841.1M $772.2M
YoY Change 8.92% 51.2%
Cash & Equivalents $763.9M $679.5M
Short-Term Investments $77.20M $92.70M
Other Short-Term Assets $81.60M $92.10M
YoY Change -11.4% 39.76%
Inventory
Prepaid Expenses
Receivables $23.19M $33.49M
Other Receivables $0.00 $1.600M
Total Short-Term Assets $946.0M $899.3M
YoY Change 5.18% 44.42%
LONG-TERM ASSETS
Property, Plant & Equipment $76.71M $61.34M
YoY Change 25.05% 5.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $122.4M $78.20M
YoY Change 56.52% 13.66%
Other Assets $29.60M $17.10M
YoY Change 73.1% 17.93%
Total Long-Term Assets $719.6M $214.5M
YoY Change 235.5% 15.48%
TOTAL ASSETS
Total Short-Term Assets $946.0M $899.3M
Total Long-Term Assets $719.6M $214.5M
Total Assets $1.666B $1.114B
YoY Change 49.53% 37.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.73M $19.90M
YoY Change -0.87% 25.49%
Accrued Expenses $69.90M $48.30M
YoY Change 44.72% 57.84%
Deferred Revenue
YoY Change
Short-Term Debt $609.8M $460.1M
YoY Change 32.54% 81.5%
Long-Term Debt Due $22.50M
YoY Change
Total Short-Term Liabilities $810.8M $629.7M
YoY Change 28.75% 54.22%
LONG-TERM LIABILITIES
Long-Term Debt $116.3M $0.00
YoY Change
Other Long-Term Liabilities $40.25M $31.87M
YoY Change 26.33% -1.31%
Total Long-Term Liabilities $40.25M $31.87M
YoY Change 26.33% -1.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $810.8M $629.7M
Total Long-Term Liabilities $40.25M $31.87M
Total Liabilities $967.3M $661.8M
YoY Change 46.15% 50.21%
SHAREHOLDERS EQUITY
Retained Earnings $290.0M $232.6M
YoY Change 24.65% 18.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $698.2M $452.0M
YoY Change
Total Liabilities & Shareholders Equity $1.666B $1.114B
YoY Change 49.53% 37.77%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $3.496M $14.34M
YoY Change -75.63% 26.88%
Depreciation, Depletion And Amortization $15.00M $7.900M
YoY Change 89.87% 19.7%
Cash From Operating Activities $33.70M $24.70M
YoY Change 36.44% -60.54%
INVESTING ACTIVITIES
Capital Expenditures -$10.90M -$3.600M
YoY Change 202.78% -55.56%
Acquisitions $14.86M
YoY Change
Other Investing Activities -$79.10M -$26.60M
YoY Change 197.37% 180.0%
Cash From Investing Activities -$90.00M -$30.20M
YoY Change 198.01% 69.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.10M -62.40M
YoY Change -6.89% 467.27%
NET CHANGE
Cash From Operating Activities 33.70M 24.70M
Cash From Investing Activities -90.00M -30.20M
Cash From Financing Activities -58.10M -62.40M
Net Change In Cash -114.4M -67.90M
YoY Change 68.48% -300.89%
FREE CASH FLOW
Cash From Operating Activities $33.70M $24.70M
Capital Expenditures -$10.90M -$3.600M
Free Cash Flow $44.60M $28.30M
YoY Change 57.6% -59.97%

Facts In Submission

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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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27000 USD
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480000 USD
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481000 USD
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377000 USD
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44000 USD
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1000 USD
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3000 USD
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3000 USD
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11000 USD
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4000 USD
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32000 USD
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189000 USD
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469000 USD
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8000 USD
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46000 USD
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0 USD
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0 USD
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0 USD
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2991000 USD
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27956000 USD
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219000 USD
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891000 USD
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16290000 USD
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3765000 USD
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13960000 USD
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27424000 USD
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13693000 USD
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240014000 USD
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42680000 USD
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49000 USD
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3417000 USD
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601000 USD
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1253000 USD
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45000 USD
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1549000 USD
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3045000 USD
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2016000 USD
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30215000 USD
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150000000 USD
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138750000 USD
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22500000 USD
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22500000 USD
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150000000 USD
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138750000 USD
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6994000 USD
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6828000 USD
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6550000 USD
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5399000 USD
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5170000 USD
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92516000 USD
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-1351000 USD
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24509000 USD
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118172000 USD
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44309000 USD
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12640000 USD
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25682000 USD
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3397000 USD
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43046000 USD
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549410000 USD
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19631000 USD
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31920000 USD
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1 segment
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2 segment
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100000 store
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260893000 USD
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45392000 USD
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53000 USD
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90000 USD
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38903000 USD
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40254000 USD
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0 USD
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668000 USD
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14860000 USD
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65209000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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14096000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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25042000 USD
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1703000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3966000 USD
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us-gaap Preferred Stock Dividends And Other Adjustments
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11883000 USD
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11052000 USD
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3348000 USD
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798000 USD
us-gaap Proceeds From Lines Of Credit
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0 USD
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30001000 USD
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11250000 USD
us-gaap Share Based Compensation
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83263000 USD
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33531000 USD
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38109000 USD
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76705000 USD
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16059000 USD
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31566000 USD
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0 USD
us-gaap Provision For Loan Lease And Other Losses
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0 USD
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39000 USD
us-gaap Provision For Loan Lease And Other Losses
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6410000 USD
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30001000 USD
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0 USD
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55845000 USD
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148694000 USD
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2015000 USD
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46855000 USD
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4484000 USD
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4300000 USD
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4714000 USD
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4665000 USD
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2152000 USD
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2182000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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245693000 USD
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290002000 USD
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us-gaap Revenues
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306285000 USD
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170247000 USD
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397412000 USD
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57200000 USD
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117443000 USD
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11213000 USD
CY2015Q2 us-gaap Time Deposit Maturities After Year Five
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136000 USD
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1843000 USD
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336000 USD
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58000 USD
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2271000 USD
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2731000 USD
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5263000 USD
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5465000 USD
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1838000 USD
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1910000 USD
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3396000 USD
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12528000 USD
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25454000 USD
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3397000 USD
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43010000 USD
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138000 USD
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324000 USD
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1000 USD
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48000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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3724000 USD
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4400000 USD
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6190000 USD
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7044000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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300000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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676000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
854000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4400000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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7044000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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40052000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39466000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52275000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52104000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39394000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38433000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51811000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51631000 shares

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