2016 Q3 Form 10-Q Financial Statement

#000130774816000096 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $59.83M $61.11M $66.12M
YoY Change -8.31% -7.58% -42.05%
Cost Of Revenue $16.30M $15.10M $17.50M
YoY Change -11.89% -13.71% -48.07%
Gross Profit $43.50M $44.60M $46.70M
YoY Change -8.81% -4.5% -41.92%
Gross Profit Margin 72.7% 72.99% 70.63%
Selling, General & Admin $12.00M $14.90M $15.50M
YoY Change -22.08% -3.87% -0.64%
% of Gross Profit 27.59% 33.41% 33.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.40M $34.00M $36.70M
YoY Change -42.63% -7.36% -57.96%
% of Gross Profit 49.2% 76.23% 78.59%
Operating Expenses $52.22M $83.97M $56.45M
YoY Change -64.75% 48.74% -63.7%
Operating Profit $7.613M -$21.00M $9.848M
YoY Change -109.29% -313.22% -123.77%
Interest Expense $10.15M $13.87M $13.69M
YoY Change -30.85% 1.37% -58.43%
% of Operating Profit 133.35% 138.96%
Other Income/Expense, Net $677.0K $364.0K $3.772M
YoY Change -52.16% -90.35% 170.39%
Pretax Income $28.73M $18.53M $55.77M
YoY Change -128.99% -66.77% -239.55%
Income Tax $286.0K -$63.00K -$72.00K
% Of Pretax Income 1.0% -0.34% -0.13%
Net Earnings $37.32M $163.7M $62.07M
YoY Change -139.02% 163.75% 554.09%
Net Earnings / Revenue 62.37% 267.89% 93.87%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.43 $1.87 $0.07
COMMON SHARES
Basic Shares Outstanding 862.2M shares 862.2M shares 861.8M shares
Diluted Shares Outstanding 861.8M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $760.6M $1.005B $383.5M
YoY Change 73.81% 162.13% -35.61%
Cash & Equivalents $578.7M $812.9M $171.6M
Short-Term Investments $181.9M $192.3M $211.9M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $28.00M $23.00M $40.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $607.0M $836.0M $212.0M
YoY Change 106.46% 294.34% -52.47%
LONG-TERM ASSETS
Property, Plant & Equipment $1.839B $1.904B $3.564B
YoY Change -45.72% -46.58% -50.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $361.0M $372.0M $354.0M
YoY Change -1.9% 5.08% -27.9%
Other Assets $51.00M $54.00M $89.00M
YoY Change -30.14% -39.33% -63.37%
Total Long-Term Assets $2.322B $2.403B $4.084B
YoY Change -40.45% -41.16% -49.58%
TOTAL ASSETS
Total Short-Term Assets $607.0M $836.0M $212.0M
Total Long-Term Assets $2.322B $2.403B $4.084B
Total Assets $2.929B $3.239B $4.296B
YoY Change -30.15% -24.61% -49.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.00M $43.00M $87.00M
YoY Change -57.29% -50.57% -49.71%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.00M $71.00M $96.00M
YoY Change -54.84% -26.04% -54.07%
LONG-TERM LIABILITIES
Long-Term Debt $653.0M $948.0M $1.828B
YoY Change -64.7% -48.14% -57.94%
Other Long-Term Liabilities $59.00M $75.00M $70.00M
YoY Change -14.49% 7.14% -42.15%
Total Long-Term Liabilities $712.0M $1.023B $1.898B
YoY Change -62.9% -46.1% -57.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.00M $71.00M $96.00M
Total Long-Term Liabilities $712.0M $1.023B $1.898B
Total Liabilities $768.1M $1.093B $1.994B
YoY Change -62.39% -45.2% -57.35%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $862.0K $862.0K $861.0K
YoY Change 0.12% 0.12% 0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.161B $2.146B $2.301B
YoY Change
Total Liabilities & Shareholders Equity $2.929B $3.239B $4.296B
YoY Change -30.15% -24.61% -49.73%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $37.32M $163.7M $62.07M
YoY Change -139.02% 163.75% 554.09%
Depreciation, Depletion And Amortization $21.40M $34.00M $36.70M
YoY Change -42.63% -7.36% -57.96%
Cash From Operating Activities $11.20M $49.40M $47.60M
YoY Change -79.82% 3.78% -65.13%
INVESTING ACTIVITIES
Capital Expenditures $67.90M $320.0M $129.5M
YoY Change 160.15% 147.1% 242.59%
Acquisitions
YoY Change
Other Investing Activities $145.3M $1.263B $89.20M
YoY Change 253.53% 1315.7% -62.54%
Cash From Investing Activities $77.30M $942.8M -$40.40M
YoY Change 415.33% -2433.66% -120.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -322.7M -614.9M -33.40M
YoY Change -3007.21% 1741.02% -93.64%
NET CHANGE
Cash From Operating Activities 11.20M 49.40M 47.60M
Cash From Investing Activities 77.30M 942.8M -40.40M
Cash From Financing Activities -322.7M -614.9M -33.40M
Net Change In Cash -234.2M 377.3M -26.20M
YoY Change -387.01% -1540.08% -86.09%
FREE CASH FLOW
Cash From Operating Activities $11.20M $49.40M $47.60M
Capital Expenditures $67.90M $320.0M $129.5M
Free Cash Flow -$56.70M -$270.6M -$81.90M
YoY Change -292.86% 230.4% -182.98%

Facts In Submission

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0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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us-gaap Straight Line Rent
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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862205672 shares

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