2015 Q1 Form 10-Q Financial Statement

#000130774815000012 Filed on May 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $66.23M $118.5M
YoY Change -44.11% -52.41%
Cost Of Revenue $19.80M $36.50M
YoY Change -45.75% -79.13%
Gross Profit $46.50M $82.00M
YoY Change -43.29% -35.64%
Gross Profit Margin 70.21% 69.2%
Selling, General & Admin $21.60M $14.10M
YoY Change 53.19% 39.6%
% of Gross Profit 46.45% 17.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.92M $86.12M
YoY Change -43.2% -19.04%
% of Gross Profit 105.21% 105.03%
Operating Expenses $90.36M $97.01M
YoY Change -6.85% -64.78%
Operating Profit $19.31M $21.48M
YoY Change -10.11% -20.01%
Interest Expense $23.05M $31.72M
YoY Change -27.34% -43.34%
% of Operating Profit 119.36% 147.66%
Other Income/Expense, Net $911.0K $2.156M
YoY Change -57.75% 120.22%
Pretax Income $4.521M -$3.249M
YoY Change -239.15% -85.41%
Income Tax $929.0K $302.0K
% Of Pretax Income 20.55%
Net Earnings $5.825M $130.5M
YoY Change -95.54% 2810.57%
Net Earnings / Revenue 8.8% 110.12%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $1.42
COMMON SHARES
Basic Shares Outstanding 861.8M shares 915.3M shares
Diluted Shares Outstanding 861.8M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $481.6M $805.6M
YoY Change -40.22% 40.21%
Cash & Equivalents $197.8M $552.6M
Short-Term Investments $283.8M $253.0M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $44.00M $78.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $242.0M $631.0M
YoY Change -61.65% 90.06%
LONG-TERM ASSETS
Property, Plant & Equipment $3.474B $7.255B
YoY Change -52.12% -21.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $402.0M $526.0M
YoY Change -23.57% -15.71%
Other Assets $104.0M $522.0M
YoY Change -80.08% 133.04%
Total Long-Term Assets $4.062B $8.484B
YoY Change -52.12% -18.43%
TOTAL ASSETS
Total Short-Term Assets $242.0M $631.0M
Total Long-Term Assets $4.062B $8.484B
Total Assets $4.304B $9.115B
YoY Change -52.78% -15.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.00M $160.0M
YoY Change -48.13% 17.65%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $92.00M $198.0M
YoY Change -53.54% 14.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.834B $4.212B
YoY Change -56.46% -30.08%
Other Long-Term Liabilities $76.00M $373.0M
YoY Change -79.62% 72.69%
Total Long-Term Liabilities $1.910B $4.585B
YoY Change -58.34% -26.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.00M $198.0M
Total Long-Term Liabilities $1.910B $4.585B
Total Liabilities $2.002B $4.784B
YoY Change -58.15% -25.41%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $861.0K $915.0K
YoY Change -5.9% 2.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.302B $4.329B
YoY Change
Total Liabilities & Shareholders Equity $4.304B $9.115B
YoY Change -52.78% -15.07%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $5.825M $130.5M
YoY Change -95.54% 2810.57%
Depreciation, Depletion And Amortization $48.92M $86.12M
YoY Change -43.2% -19.04%
Cash From Operating Activities $40.69M $63.95M
YoY Change -36.37% -32.01%
INVESTING ACTIVITIES
Capital Expenditures $1.620M $9.165M
YoY Change -82.32% -147.99%
Acquisitions
YoY Change
Other Investing Activities $9.200M $439.7M
YoY Change -97.91% 321.98%
Cash From Investing Activities -$40.72M $217.5M
YoY Change -118.72% -1268.17%
FINANCING ACTIVITIES
Cash Dividend Paid $81.16M $113.9M
YoY Change -28.77% 2.32%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$535.3M -$48.10M
YoY Change 1012.95% -48.1%
NET CHANGE
Cash From Operating Activities $40.69M $63.95M
Cash From Investing Activities -$40.72M $217.5M
Cash From Financing Activities -$535.3M -$48.10M
Net Change In Cash -$535.4M $233.3M
YoY Change -329.45% -1453.79%
FREE CASH FLOW
Cash From Operating Activities $40.69M $63.95M
Capital Expenditures $1.620M $9.165M
Free Cash Flow $39.07M $54.78M
YoY Change -28.68% -51.59%

Facts In Submission

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0 USD
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2998000 USD
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5737000 USD
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4961000 USD
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200000000 USD
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8000 USD
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160000 USD
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142 Properties
CY2014Q4 us-gaap Off Market Lease Unfavorable
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43258000 USD
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2974000 USD
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10563000 USD
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0 USD
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1659000 USD
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0 USD
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0 USD
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1620000 USD
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194899000 USD
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15654000 USD
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CY2015Q1 us-gaap Preferred Stock Shares Outstanding
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CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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44972000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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CY2014Q1 us-gaap Proceeds From Issuance Of Secured Debt
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CY2014Q1 us-gaap Proceeds From Minority Shareholders
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374000 USD
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160000 USD
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CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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356000 USD
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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2875000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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462178000 USD
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1454000 USD
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598440000 USD
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627597000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
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4066168000 USD
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4101859000 USD
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3467728000 USD
CY2015Q1 us-gaap Real Estate Investment Property Net
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3474262000 USD
CY2014Q1 us-gaap Real Estate Tax Expense
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12166000 USD
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12569000 USD
CY2014Q1 us-gaap Rental Income Nonoperating
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96226000 USD
CY2015Q1 us-gaap Rental Income Nonoperating
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89839000 USD
CY2014Q1 us-gaap Repayments Of Secured Debt
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10693000 USD
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6683000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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32950000 USD
CY2015Q1 us-gaap Restricted Cash And Cash Equivalents
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32947000 USD
CY2014Q1 us-gaap Revenues
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CY2014Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2014Q1 us-gaap Stock Repurchased During Period Value
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CY2014Q4 us-gaap Stockholders Equity
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3993049000 USD
CY2015Q1 us-gaap Stockholders Equity
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2301748000 USD
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4266641000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4330829000 USD
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3996829000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2301873000 USD
CY2015Q1 us-gaap Stockholders Equity Note Spinoff Transaction
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CY2014Q1 us-gaap Straight Line Rent
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1878000 USD
CY2015Q1 us-gaap Straight Line Rent
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CY2014Q1 us-gaap Tenant Reimbursements
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18355000 USD
CY2015Q1 us-gaap Tenant Reimbursements
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17916000 USD
CY2014Q1 us-gaap Transfer Of Other Real Estate
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11000000 USD
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0 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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912594434 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
861824777 shares

Files In Submission

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0001307748-15-000012-index-headers.html Edgar Link pending
0001307748-15-000012-index.html Edgar Link pending
0001307748-15-000012.txt Edgar Link pending
0001307748-15-000012-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
itpc-20150331.xml Edgar Link completed
itpc-20150331.xsd Edgar Link pending
itpc-20150331_cal.xml Edgar Link unprocessable
itpc-20150331_def.xml Edgar Link unprocessable
itpc-20150331_lab.xml Edgar Link unprocessable
itpc-20150331_pre.xml Edgar Link unprocessable
itpc3312015exhibit31.htm Edgar Link pending
itpc3312015exhibit311.htm Edgar Link pending
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