2018 Q4 Form 10-K Financial Statement

#000169130319000007 Filed on February 21, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $360.4M $273.3M $322.6M
YoY Change 50.27% -12.39% -11.23%
Cost Of Revenue $168.6M $167.2M $178.5M
YoY Change 18.65% -11.8% 11.48%
Gross Profit $191.8M $99.41M $136.7M
YoY Change 96.35% -13.86% -30.06%
Gross Profit Margin 53.22% 36.37% 42.37%
Selling, General & Admin $7.600M $7.357M $13.47M
YoY Change -43.28% -20.4% 55.48%
% of Gross Profit 3.96% 7.4% 9.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.40M $26.07M $21.13M
YoY Change 42.7% 11.45% 7.52%
% of Gross Profit 13.24% 26.23% 15.46%
Operating Expenses $33.00M $7.357M $13.47M
YoY Change 5.77% -20.4% 55.48%
Operating Profit $157.2M $62.72M $101.1M
YoY Change 136.41% -24.22% -38.08%
Interest Expense -$8.800M -$10.13M -$9.784M
YoY Change 72.55% 1482.5% 1423.99%
% of Operating Profit -5.6% -16.15% -9.68%
Other Income/Expense, Net
YoY Change
Pretax Income $148.4M $52.59M $91.31M
YoY Change 141.69% -35.97% -43.85%
Income Tax -$223.0M $0.00 $0.00
% Of Pretax Income -150.27% 0.0% 0.0%
Net Earnings $374.2M $52.59M $91.31M
YoY Change 285.14% -56.07% -29.69%
Net Earnings / Revenue 103.84% 19.24% 28.31%
Basic Earnings Per Share $7.13 $1.00 $1.72
Diluted Earnings Per Share $7.11 $1.00 $1.72
COMMON SHARES
Basic Shares Outstanding 52.76M shares 52.71M shares 53.05M shares
Diluted Shares Outstanding 52.71M shares 53.08M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $223.1M $147.7M $72.60M
YoY Change 320.94% -41.3% -58.11%
Cash & Equivalents $205.6M $130.2M $55.09M
Short-Term Investments $17.50M $17.50M $17.50M
Other Short-Term Assets $28.00M $28.00M $20.80M
YoY Change -4.76% 47.37% 24.55%
Inventory $56.72M $66.77M $59.45M
Prepaid Expenses $29.37M $28.02M $20.75M
Receivables $138.4M $113.8M $129.9M
Other Receivables $1.434M $11.35M $10.27M
Total Short-Term Assets $469.2M $367.6M $293.0M
YoY Change 74.5% -18.83% -19.17%
LONG-TERM ASSETS
Property, Plant & Equipment $540.3M $549.6M $551.2M
YoY Change 0.67% 6.9% 11.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.04M $20.84M $21.32M
YoY Change 14.08% -86.44% -86.05%
Total Long-Term Assets $925.9M $732.6M $736.8M
YoY Change 27.8% 9.7% 13.72%
TOTAL ASSETS
Total Short-Term Assets $469.2M $367.6M $293.0M
Total Long-Term Assets $925.9M $732.6M $736.8M
Total Assets $1.395B $1.100B $1.030B
YoY Change 40.44% -1.83% 1.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.59M $37.08M $40.12M
YoY Change 19.63% 123.36% 190.75%
Accrued Expenses $82.34M $87.12M $66.48M
YoY Change 23.44% 60.74% 7.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $760.0K $1.512M $2.257M
YoY Change -74.37% -47.86% -22.17%
Total Short-Term Liabilities $124.4M $134.8M $115.7M
YoY Change 14.98% 72.32% 39.22%
LONG-TERM LIABILITIES
Long-Term Debt $468.2M $466.1M $465.9M
YoY Change 36.53% 30971.93% 20154.78%
Other Long-Term Liabilities $5.510M $34.17M $35.08M
YoY Change 115.07% -72.99% -72.14%
Total Long-Term Liabilities $473.7M $500.2M $500.9M
YoY Change 37.11% 290.82% 290.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.4M $134.8M $115.7M
Total Long-Term Liabilities $473.7M $500.2M $500.9M
Total Liabilities $682.4M $734.4M $714.9M
YoY Change 17.6% 256.17% 235.33%
SHAREHOLDERS EQUITY
Retained Earnings $510.3M $138.2M $88.27M
YoY Change 518.55%
Common Stock $533.0K $534.0K $534.0K
YoY Change -0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $38.03M $12.10M $12.10M
YoY Change
Treasury Stock Shares 1.633B shares
Shareholders Equity $712.6M $365.7M $314.9M
YoY Change
Total Liabilities & Shareholders Equity $1.395B $1.100B $1.030B
YoY Change 40.44% -1.83% 1.92%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $374.2M $52.59M $91.31M
YoY Change 285.14% -56.07% -29.69%
Depreciation, Depletion And Amortization $25.40M $26.07M $21.13M
YoY Change 42.7% 11.45% 7.52%
Cash From Operating Activities $130.8M $102.3M $132.6M
YoY Change 43.11% -11.89% -17.84%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M $24.16M $32.88M
YoY Change 3.68% -29.78% 94.71%
Acquisitions
YoY Change
Other Investing Activities $2.500M $400.0K
YoY Change
Cash From Investing Activities -$28.40M -$23.80M -$32.90M
YoY Change -5.02% -30.81% 94.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.90M -3.500M -366.6M
YoY Change -89.68% 2.94% 10682.35%
NET CHANGE
Cash From Operating Activities 130.8M 102.3M 132.6M
Cash From Investing Activities -28.40M -23.80M -32.90M
Cash From Financing Activities -26.90M -3.500M -366.6M
Net Change In Cash 75.50M 75.00M -266.9M
YoY Change -137.9% -4.21% -289.16%
FREE CASH FLOW
Cash From Operating Activities $130.8M $102.3M $132.6M
Capital Expenditures -$31.00M $24.16M $32.88M
Free Cash Flow $161.8M $78.14M $99.72M
YoY Change 33.39% -4.35% -30.99%

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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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5613000 USD
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us-gaap Payments Of Debt Issuance Costs
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4978000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2562000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3713000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
796902000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
360635000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
24107000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
0 USD
CY2016Q1 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
0 USD
CY2017 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
0 USD
CY2018 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
8937000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11531000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92625000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
101620000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
17501000 USD
CY2017 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2017 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
0 USD
CY2018 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
0 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
29376000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27932000 USD
CY2017Q4 us-gaap Prepaid Insurance
PrepaidInsurance
4955000 USD
CY2018Q4 us-gaap Prepaid Insurance
PrepaidInsurance
4670000 USD
CY2017Q4 us-gaap Prepaid Mineral Royalties Noncurrent
PrepaidMineralRoyaltiesNoncurrent
10342000 USD
CY2018Q4 us-gaap Prepaid Mineral Royalties Noncurrent
PrepaidMineralRoyaltiesNoncurrent
10910000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
200000000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
344750000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
128750000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
12857000 USD
CY2017 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2018 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4938000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2928000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
648494000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
724758000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
536745000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
540315000 USD
CY2017 us-gaap Reorganization Items
ReorganizationItems
0 USD
CY2018 us-gaap Reorganization Items
ReorganizationItems
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
505000 USD
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3060000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2295000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3060000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
794000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
828000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
82496000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
510282000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
297634000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
253964000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
363370000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
311955000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
239803000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1169092000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
421788000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
322555000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
273304000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
360360000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1378007000 USD
CY2017 us-gaap Royalty Expense
RoyaltyExpense
93300000 USD
CY2018 us-gaap Royalty Expense
RoyaltyExpense
101000000 USD
CY2017Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
31900000 USD
CY2018Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
26800000 USD
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
1700000 USD
CY2018Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
1600000 USD
CY2017Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
30208000 USD
CY2017Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
30200000 USD
CY2018Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
25200000 USD
CY2018Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
25206000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
36453000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
36626000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
509000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
4181000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
6405000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
0 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
752967000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
413023000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
712612000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1633200000 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1633200000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
38030000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
38030000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52640000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52806000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52918000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52640000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52800000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52812000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit Risk and Major Customers</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit is extended based on an evaluation of the individual customer&#8217;s financial condition. In some instances, the Company requires letters of credit, cash collateral or prepayments from its customers on or before shipment to mitigate the risk of loss.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company prepares its financial statements in conformity with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods presented. Due to the inherent uncertainty involved in making estimates, actual results could differ from those estimates. </font></div></div>

Files In Submission

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0001691303-19-000007-index-headers.html Edgar Link pending
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0001691303-19-000007.txt Edgar Link pending
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a123118form10-k.htm Edgar Link pending
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