2011 Q4 Form 10-K Financial Statement
#000119312512085849 Filed on February 28, 2012
Income Statement
| Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
|---|---|---|---|
| Revenue | $83.50M | $73.29M | $64.57M |
| YoY Change | -0.04% | 0.0% | 0.0% |
| Cost Of Revenue | $3.900M | $3.900M | $3.400M |
| YoY Change | -18.75% | 25.81% | 21.43% |
| Gross Profit | $77.07M | $68.32M | $60.09M |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Gross Profit Margin | 92.3% | 93.21% | 93.07% |
| Selling, General & Admin | $36.40M | $30.55M | $22.09M |
| YoY Change | 112.87% | 69.71% | 29.2% |
| % of Gross Profit | 47.23% | 44.71% | 36.77% |
| Research & Development | $3.800M | $3.279M | $3.382M |
| YoY Change | -7.32% | -55.08% | -57.73% |
| % of Gross Profit | 4.93% | 4.8% | 5.63% |
| Depreciation & Amortization | $1.900M | $2.000M | $1.900M |
| YoY Change | -5.0% | -4.76% | -13.64% |
| % of Gross Profit | 2.47% | 2.93% | 3.16% |
| Operating Expenses | $41.90M | $39.59M | $30.71M |
| YoY Change | 82.17% | 45.55% | 13.31% |
| Operating Profit | $35.17M | $33.70M | $33.86M |
| YoY Change | -34.95% | -18.03% | 2.62% |
| Interest Expense | $0.00 | -$125.0K | -$657.0K |
| YoY Change | -100.0% | -89.58% | -86.02% |
| % of Operating Profit | 0.0% | -0.37% | -1.94% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $37.50M | $32.48M | $33.20M |
| YoY Change | 53.06% | 146.08% | -618.78% |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | 0.0% | 0.0% |
| Net Earnings | $37.50M | $32.48M | $33.20M |
| YoY Change | 0.07% | 0.0% | 0.0% |
| Net Earnings / Revenue | 44.91% | 44.32% | 51.42% |
| Basic Earnings Per Share | $0.77 | $0.81 | |
| Diluted Earnings Per Share | $789.5K | $0.69 | $0.71 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 42.03M shares | 41.21M shares | |
| Diluted Shares Outstanding | 47.24M shares | 46.60M shares |
Balance Sheet
| Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $157.9M | $113.3M | $102.4M |
| YoY Change | 252.46% | 394.76% | 966.67% |
| Cash & Equivalents | $82.08M | $101.2M | $102.4M |
| Short-Term Investments | $75.80M | $12.10M | $102.0M |
| Other Short-Term Assets | $1.260M | $3.000M | $4.000M |
| YoY Change | -51.54% | -11.76% | 0.0% |
| Inventory | $3.909M | $4.300M | $4.700M |
| Prepaid Expenses | $1.690M | ||
| Receivables | $34.37M | $31.40M | $25.00M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $199.1M | $152.1M | $136.1M |
| YoY Change | 167.29% | 239.51% | 323.99% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.557M | $900.0K | $600.0K |
| YoY Change | 122.43% | 28.57% | -33.33% |
| Goodwill | $38.21M | ||
| YoY Change | |||
| Intangibles | $14.59M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $87.00K | $100.0K | $200.0K |
| YoY Change | -71.0% | -75.0% | -33.33% |
| Total Long-Term Assets | $54.44M | $55.70M | $57.30M |
| YoY Change | -11.04% | -11.87% | -12.12% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $199.1M | $152.1M | $136.1M |
| Total Long-Term Assets | $54.44M | $55.70M | $57.30M |
| Total Assets | $253.6M | $207.8M | $193.4M |
| YoY Change | 86.86% | 92.41% | 98.77% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.129M | $8.500M | $4.700M |
| YoY Change | 70.97% | 117.95% | -26.56% |
| Accrued Expenses | $34.78M | $35.80M | $26.70M |
| YoY Change | 47.39% | 87.43% | 64.81% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $4.000M |
| YoY Change | -100.0% | -100.0% | -45.95% |
| Long-Term Debt Due | $0.00 | $0.00 | $32.70M |
| YoY Change | -100.0% | -100.0% | 105.66% |
| Total Short-Term Liabilities | $52.87M | $57.50M | $81.30M |
| YoY Change | -11.74% | -1.03% | 44.4% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | -100.0% |
| Other Long-Term Liabilities | $0.00 | $8.900M | $10.50M |
| YoY Change | -100.0% | -59.55% | -57.32% |
| Total Long-Term Liabilities | $0.00 | $8.900M | $10.50M |
| YoY Change | -100.0% | -82.45% | -81.68% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $52.87M | $57.50M | $81.30M |
| Total Long-Term Liabilities | $0.00 | $8.900M | $10.50M |
| Total Liabilities | $52.87M | $66.50M | $91.80M |
| YoY Change | -49.74% | -38.88% | -19.19% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$349.9M | ||
| YoY Change | |||
| Common Stock | $542.7M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $192.8M | $141.3M | $101.6M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $253.6M | $207.8M | $193.4M |
| YoY Change | 86.86% | 92.41% | 98.77% |
Cashflow Statement
| Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $37.50M | $32.48M | $33.20M |
| YoY Change | 0.07% | 0.0% | 0.0% |
| Depreciation, Depletion And Amortization | $1.900M | $2.000M | $1.900M |
| YoY Change | -5.0% | -4.76% | -13.64% |
| Cash From Operating Activities | $43.70M | $46.00M | $37.50M |
| YoY Change | 91.67% | 148.65% | 237.84% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.900M | -$1.500M | -$1.200M |
| YoY Change | 72.73% | 15.38% | 0.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$63.80M | -$12.10M | $400.0K |
| YoY Change | -2520.0% | 300.0% | |
| Cash From Investing Activities | -$65.60M | -$13.60M | -$800.0K |
| YoY Change | 5863.64% | 1600.0% | -33.33% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 2.800M | -33.60M | 700.0K |
| YoY Change | 833.33% | 663.64% | -103.61% |
| NET CHANGE | |||
| Cash From Operating Activities | 43.70M | 46.00M | 37.50M |
| Cash From Investing Activities | -65.60M | -13.60M | -800.0K |
| Cash From Financing Activities | 2.800M | -33.60M | 700.0K |
| Net Change In Cash | -19.10M | -1.200M | 37.40M |
| YoY Change | -186.82% | -109.02% | -493.68% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $43.70M | $46.00M | $37.50M |
| Capital Expenditures | -$1.900M | -$1.500M | -$1.200M |
| Free Cash Flow | $45.60M | $47.50M | $38.70M |
| YoY Change | 90.79% | 139.9% | 214.63% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
20704000 | |
| CY2010Q1 | us-gaap |
Gross Profit
GrossProfit
|
31401000 | |
| CY2010Q2 | us-gaap |
Gross Profit
GrossProfit
|
36726000 | |
| CY2010Q3 | us-gaap |
Gross Profit
GrossProfit
|
40747000 | |
| CY2010Q4 | us-gaap |
Gross Profit
GrossProfit
|
47573000 | |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
47094000 | |
| CY2011Q2 | us-gaap |
Gross Profit
GrossProfit
|
60094000 | |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
68315000 | |
| CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
77073000 |
