2014 Q4 Form 10-Q Financial Statement

#000119312514385006 Filed on October 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $126.5M $130.3M $123.5M
YoY Change 2.93% 5.47% 0.95%
Cost Of Revenue $5.200M $4.400M $4.500M
YoY Change 6.12% -2.22%
Gross Profit $121.3M $125.8M $119.0M
YoY Change 2.8% 5.71%
Gross Profit Margin 95.89% 96.58% 96.35%
Selling, General & Admin $117.5M $116.3M $110.6M
YoY Change 0.51% 5.15% 3.27%
% of Gross Profit 96.87% 92.45% 92.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M $2.300M $2.600M
YoY Change -9.3% -11.54% 4.0%
% of Gross Profit 3.22% 1.83% 2.18%
Operating Expenses $117.5M $120.7M $115.2M
YoY Change 0.51% 4.82% 2.67%
Operating Profit $3.800M $9.557M $8.353M
YoY Change 245.45% 14.41% -17.99%
Interest Expense -$100.0K -$200.0K -$100.0K
YoY Change 0.0% 100.0% -200.0%
% of Operating Profit -2.63% -2.09% -1.2%
Other Income/Expense, Net -$1.700M -$640.0K -$800.0K
YoY Change 466.67% -20.0% 433.33%
Pretax Income $2.000M $8.917M $7.553M
YoY Change 185.71% 18.06% -24.73%
Income Tax $1.300M $5.925M $3.429M
% Of Pretax Income 65.0% 66.45% 45.4%
Net Earnings $800.0K $2.992M $4.124M
YoY Change -46.67% -27.45% 0.32%
Net Earnings / Revenue 0.63% 2.3% 3.34%
Basic Earnings Per Share $0.16 $0.23
Diluted Earnings Per Share $43.24K $0.16 $0.23
COMMON SHARES
Basic Shares Outstanding 18.24M shares 18.23M shares 18.10M shares
Diluted Shares Outstanding 18.47M shares 18.22M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $211.4M $159.5M $132.8M
YoY Change 16.41% 20.11% 4.48%
Cash & Equivalents $211.4M $159.5M $132.8M
Short-Term Investments
Other Short-Term Assets $12.21M $1.757M $1.715M
YoY Change 575.43% 2.45% -93.96%
Inventory
Prepaid Expenses $14.54M $15.15M $17.32M
Receivables $68.35M $94.13M $88.75M
Other Receivables $5.200M $16.90M $18.30M
Total Short-Term Assets $318.2M $294.4M $267.7M
YoY Change 9.44% 9.96% 3.24%
LONG-TERM ASSETS
Property, Plant & Equipment $30.42M $30.07M $35.72M
YoY Change -13.0% -15.82% -16.15%
Goodwill $122.2M $122.7M $120.7M
YoY Change -0.89% 1.62%
Intangibles
YoY Change
Long-Term Investments $13.70M $14.30M $13.20M
YoY Change -0.72% 8.33% 13.79%
Other Assets $8.292M $6.649M $5.715M
YoY Change 45.65% 16.34% -89.32%
Total Long-Term Assets $250.4M $247.2M $258.1M
YoY Change -4.6% -4.22% 28.47%
TOTAL ASSETS
Total Short-Term Assets $318.2M $294.4M $267.7M
Total Long-Term Assets $250.4M $247.2M $258.1M
Total Assets $568.6M $541.6M $525.8M
YoY Change 2.78% 3.0% 14.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.493M $5.532M $5.622M
YoY Change -29.5% -1.6% -6.3%
Accrued Expenses $130.4M $104.8M $88.50M
YoY Change 18.65% 18.42% 1.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M $6.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $205.8M $177.6M $155.8M
YoY Change 17.1% 14.01% 19.58%
LONG-TERM LIABILITIES
Long-Term Debt $23.50M $25.00M $31.00M
YoY Change -20.34% -19.35%
Other Long-Term Liabilities $54.72M $53.34M $52.82M
YoY Change -10.78% 0.99% -30.5%
Total Long-Term Liabilities $118.1M $115.4M $123.0M
YoY Change -8.84% -6.16% 61.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $205.8M $177.6M $155.8M
Total Long-Term Liabilities $118.1M $115.4M $123.0M
Total Liabilities $324.0M $293.0M $278.8M
YoY Change 6.09% 5.11% 35.0%
SHAREHOLDERS EQUITY
Retained Earnings $45.43M $47.17M $49.41M
YoY Change -6.35% -4.54%
Common Stock $232.3M $196.0K $196.0K
YoY Change 118405.61% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.26M $44.26M $48.55M
YoY Change -7.43% -8.84%
Treasury Stock Shares 1.346M shares 1.345M shares 1.474M shares
Shareholders Equity $244.7M $248.6M $247.0M
YoY Change
Total Liabilities & Shareholders Equity $568.6M $541.6M $525.8M
YoY Change 2.78% 3.0% 14.26%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $800.0K $2.992M $4.124M
YoY Change -46.67% -27.45% 0.32%
Depreciation, Depletion And Amortization $3.900M $2.300M $2.600M
YoY Change -9.3% -11.54% 4.0%
Cash From Operating Activities $58.80M $43.00M $36.60M
YoY Change 5.19% 17.49% 8.61%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$700.0K -$500.0K
YoY Change -55.56% 40.0% -54.55%
Acquisitions
YoY Change
Other Investing Activities $100.0K $300.0K -$100.0K
YoY Change -111.11% -400.0%
Cash From Investing Activities -$700.0K -$400.0K -$600.0K
YoY Change -74.07% -33.33% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.000M -4.100M -3.900M
YoY Change 2.56% 5.13% 11.43%
NET CHANGE
Cash From Operating Activities 58.80M 43.00M 36.60M
Cash From Investing Activities -700.0K -400.0K -600.0K
Cash From Financing Activities -4.000M -4.100M -3.900M
Net Change In Cash 54.10M 38.50M 32.10M
YoY Change 9.74% 19.94% 10.69%
FREE CASH FLOW
Cash From Operating Activities $58.80M $43.00M $36.60M
Capital Expenditures -$800.0K -$700.0K -$500.0K
Free Cash Flow $59.60M $43.70M $37.10M
YoY Change 3.29% 17.79% 6.61%

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