2016 Q4 Form 10-Q Financial Statement

#000106660516000008 Filed on October 26, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue $164.6M $148.2M $149.3M
YoY Change 10.25% 3.77% 18.02%
Cost Of Revenue $4.700M $4.700M $4.800M
YoY Change -2.08% 6.82% -7.69%
Gross Profit $159.8M $143.5M $144.5M
YoY Change 10.59% 3.68% 19.13%
Gross Profit Margin 97.08% 96.8% 96.78%
Selling, General & Admin $152.2M $131.5M $139.2M
YoY Change 9.34% 4.78% 18.47%
% of Gross Profit 95.24% 91.64% 96.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.700M $2.400M $3.700M
YoY Change 27.03% 9.09% -5.13%
% of Gross Profit 2.94% 1.67% 2.56%
Operating Expenses $152.2M $136.2M $139.2M
YoY Change 9.34% 4.86% 18.47%
Operating Profit $7.600M $12.01M $5.300M
YoY Change 43.4% -7.17% 39.47%
Interest Expense $100.0K $0.00 $200.0K
YoY Change -50.0% -100.0% -300.0%
% of Operating Profit 1.32% 0.0% 3.77%
Other Income/Expense, Net $1.900M $382.0K -$700.0K
YoY Change -371.43% -121.27% -58.82%
Pretax Income $9.600M $12.39M $4.800M
YoY Change 100.0% 11.23% 140.0%
Income Tax $9.100M $5.448M $3.500M
% Of Pretax Income 94.79% 43.98% 72.92%
Net Earnings $500.0K $6.940M $1.300M
YoY Change -61.54% -7.34% 62.5%
Net Earnings / Revenue 0.3% 4.68% 0.87%
Basic Earnings Per Share $0.37
Diluted Earnings Per Share $25.38K $0.37 $68.06K
COMMON SHARES
Basic Shares Outstanding 18.58M shares 18.58M shares 18.38M shares
Diluted Shares Outstanding 18.85M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $165.0M $100.0M $190.5M
YoY Change -13.39% -22.48% -9.89%
Cash & Equivalents $165.0M $99.98M $190.5M
Short-Term Investments
Other Short-Term Assets $13.78M $14.87M $18.45M
YoY Change -25.3% 10.42% 51.14%
Inventory
Prepaid Expenses $21.60M $23.94M $19.20M
Receivables $93.19M $114.7M $76.06M
Other Receivables $4.800M $5.500M $4.800M
Total Short-Term Assets $298.4M $259.0M $309.0M
YoY Change -3.41% -10.73% -2.91%
LONG-TERM ASSETS
Property, Plant & Equipment $35.10M $36.14M $36.50M
YoY Change -3.83% 1.52% 19.99%
Goodwill $151.8M $155.3M $131.1M
YoY Change 15.8% 29.27% 7.32%
Intangibles
YoY Change
Long-Term Investments $17.30M $17.30M $14.10M
YoY Change 22.7% 21.83% 2.92%
Other Assets $9.322M $11.23M $11.12M
YoY Change -16.13% -7.69% 34.04%
Total Long-Term Assets $283.1M $294.8M $263.8M
YoY Change 7.32% 22.88% 5.34%
TOTAL ASSETS
Total Short-Term Assets $298.4M $259.0M $309.0M
Total Long-Term Assets $283.1M $294.8M $263.8M
Total Assets $581.5M $553.8M $572.7M
YoY Change 1.53% 4.48% 0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.952M $9.644M $6.150M
YoY Change 29.3% 137.77% 11.96%
Accrued Expenses $155.5M $120.1M $158.9M
YoY Change -2.14% 0.08% 21.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $220.6M $190.5M $229.4M
YoY Change -3.85% -0.23% 11.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $28.29M $27.27M $19.85M
YoY Change 42.53% -41.78% -63.73%
Total Long-Term Liabilities $102.3M $97.55M $88.49M
YoY Change 15.63% 14.74% -25.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $220.6M $190.5M $229.4M
Total Long-Term Liabilities $102.3M $97.55M $88.49M
Total Liabilities $322.9M $288.0M $317.9M
YoY Change 1.57% 4.38% -1.86%
SHAREHOLDERS EQUITY
Retained Earnings $58.03M $60.05M $52.57M
YoY Change 10.38% 11.6% 15.72%
Common Stock $230.2M $229.5M $232.6M
YoY Change -1.03% -0.72% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.92M $32.92M $39.58M
YoY Change -16.85% -16.85% -10.57%
Treasury Stock Shares 1.008M shares 1.008M shares 1.206M shares
Shareholders Equity $258.6M $265.8M $254.8M
YoY Change
Total Liabilities & Shareholders Equity $581.5M $553.8M $572.7M
YoY Change 1.53% 4.48% 0.72%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $500.0K $6.940M $1.300M
YoY Change -61.54% -7.34% 62.5%
Depreciation, Depletion And Amortization $4.700M $2.400M $3.700M
YoY Change 27.03% 9.09% -5.13%
Cash From Operating Activities $70.90M $36.00M $77.60M
YoY Change -8.63% -16.47% 31.97%
INVESTING ACTIVITIES
Capital Expenditures -$3.200M -$1.100M -$2.500M
YoY Change 28.0% -70.27% 212.5%
Acquisitions
YoY Change
Other Investing Activities -$7.400M -$17.80M -$10.30M
YoY Change -28.16% -9000.0% -10400.0%
Cash From Investing Activities -$10.50M -$18.90M -$12.80M
YoY Change -17.97% 455.88% 1728.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K -2.500M -2.500M
YoY Change -116.0% -91.41% -37.5%
NET CHANGE
Cash From Operating Activities 70.90M 36.00M 77.60M
Cash From Investing Activities -10.50M -18.90M -12.80M
Cash From Financing Activities 400.0K -2.500M -2.500M
Net Change In Cash 60.80M 14.60M 62.30M
YoY Change -2.41% 37.74% 15.16%
FREE CASH FLOW
Cash From Operating Activities $70.90M $36.00M $77.60M
Capital Expenditures -$3.200M -$1.100M -$2.500M
Free Cash Flow $74.10M $37.10M $80.10M
YoY Change -7.49% -20.73% 34.4%

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us-gaap Payments To Acquire Property Plant And Equipment
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277000 shares
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277000 shares
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273000 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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18528000 shares

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