2016 Q2 Form 10-Q Financial Statement

#000143366016000021 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $328.8M $254.6M
YoY Change 29.14% 2.83%
Cost Of Revenue $233.0M $180.4M
YoY Change 29.16% 0.89%
Gross Profit $42.40M $30.80M
YoY Change 37.66% -55.23%
Gross Profit Margin 12.9% 12.1%
Selling, General & Admin $58.00M $46.60M
YoY Change 24.46% 3.79%
% of Gross Profit 136.79% 151.3%
Research & Development $5.900M $4.300M
YoY Change 37.21% 16.22%
% of Gross Profit 13.92% 13.96%
Depreciation & Amortization $9.500M $6.800M
YoY Change 39.71% 13.33%
% of Gross Profit 22.41% 22.08%
Operating Expenses $63.90M $50.90M
YoY Change 25.54% 4.3%
Operating Profit $29.90M $23.20M
YoY Change 28.88% 16.0%
Interest Expense $2.200M $2.200M
YoY Change 0.0% -246.67%
% of Operating Profit 7.36% 9.48%
Other Income/Expense, Net
YoY Change
Pretax Income $27.70M $21.20M
YoY Change 30.66% 24.71%
Income Tax $8.900M $6.800M
% Of Pretax Income 32.13% 32.08%
Net Earnings $18.80M $14.40M
YoY Change 30.56% 26.32%
Net Earnings / Revenue 5.72% 5.66%
Basic Earnings Per Share $0.64 $0.49
Diluted Earnings Per Share $0.63 $0.48
COMMON SHARES
Basic Shares Outstanding 29.40M shares 29.50M shares
Diluted Shares Outstanding 29.80M shares 29.80M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.10M $19.90M
YoY Change 76.38% -68.76%
Cash & Equivalents $35.10M $19.90M
Short-Term Investments
Other Short-Term Assets $41.70M $63.80M
YoY Change -34.64% -7.67%
Inventory $150.3M $121.7M
Prepaid Expenses
Receivables $232.0M $164.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $459.1M $370.3M
YoY Change 23.98% -14.78%
LONG-TERM ASSETS
Property, Plant & Equipment $190.4M $150.7M
YoY Change 26.34% 10.16%
Goodwill $158.0M
YoY Change
Intangibles $79.70M
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.10M $29.00M
YoY Change 0.34% -66.28%
Total Long-Term Assets $490.1M $301.3M
YoY Change 62.66% 35.23%
TOTAL ASSETS
Total Short-Term Assets $459.1M $370.3M
Total Long-Term Assets $490.1M $301.3M
Total Assets $949.2M $671.6M
YoY Change 41.33% 2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.4M $95.60M
YoY Change 18.62% 10.9%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.700M $3.200M
YoY Change 140.63% -27.27%
Total Short-Term Liabilities $389.8M $287.6M
YoY Change 35.54% 2.09%
LONG-TERM LIABILITIES
Long-Term Debt $305.4M $154.3M
YoY Change 97.93% 12.79%
Other Long-Term Liabilities $24.20M $105.4M
YoY Change -77.04% 30.61%
Total Long-Term Liabilities $329.6M $259.7M
YoY Change 26.92% 19.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $389.8M $287.6M
Total Long-Term Liabilities $329.6M $259.7M
Total Liabilities $719.4M $547.3M
YoY Change 31.45% 9.64%
SHAREHOLDERS EQUITY
Retained Earnings $228.9M
YoY Change
Common Stock $300.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.300M
YoY Change
Treasury Stock Shares 161.2K shares
Shareholders Equity $148.4M $124.3M
YoY Change
Total Liabilities & Shareholders Equity $949.2M $671.6M
YoY Change 41.33% 2.18%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $18.80M $14.40M
YoY Change 30.56% 26.32%
Depreciation, Depletion And Amortization $9.500M $6.800M
YoY Change 39.71% 13.33%
Cash From Operating Activities $400.0K $9.200M
YoY Change -95.65% -1020.0%
INVESTING ACTIVITIES
Capital Expenditures -$9.500M -$11.60M
YoY Change -18.1% 34.88%
Acquisitions
YoY Change
Other Investing Activities $600.0K $2.500M
YoY Change -76.0% 212.5%
Cash From Investing Activities -$8.900M -$9.100M
YoY Change -2.2% 16.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.400M -1.000M
YoY Change -840.0% -101.81%
NET CHANGE
Cash From Operating Activities 400.0K 9.200M
Cash From Investing Activities -8.900M -9.100M
Cash From Financing Activities 7.400M -1.000M
Net Change In Cash -1.100M -900.0K
YoY Change 22.22% -101.94%
FREE CASH FLOW
Cash From Operating Activities $400.0K $9.200M
Capital Expenditures -$9.500M -$11.60M
Free Cash Flow $9.900M $20.80M
YoY Change -52.4% 173.68%

Facts In Submission

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800000 USD
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1000000 USD
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181100000 USD
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190400000 USD
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4300000 USD
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5900000 USD
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us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
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29800000 shares
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</font></div></div>

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