2015 Q3 Form 10-Q Financial Statement

#000143774915019098 Filed on October 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $273.3M $243.2M
YoY Change 12.38% 4.15%
Cost Of Revenue $197.1M $177.7M
YoY Change 10.92% -1.06%
Gross Profit $30.00M $25.80M
YoY Change 16.28% -52.13%
Gross Profit Margin 10.98% 10.61%
Selling, General & Admin $48.10M $43.50M
YoY Change 10.57% 10.97%
% of Gross Profit 160.33% 168.6%
Research & Development $5.000M $3.400M
YoY Change 47.06% -8.11%
% of Gross Profit 16.67% 13.18%
Depreciation & Amortization $7.300M $7.100M
YoY Change 2.82% 12.7%
% of Gross Profit 24.33% 27.52%
Operating Expenses $53.10M $46.90M
YoY Change 13.22% 9.84%
Operating Profit $21.10M $15.20M
YoY Change 38.82% 35.71%
Interest Expense $1.700M $2.000M
YoY Change -15.0% -350.0%
% of Operating Profit 8.06% 13.16%
Other Income/Expense, Net
YoY Change
Pretax Income $19.60M $13.50M
YoY Change 45.19% 29.81%
Income Tax $6.900M $4.500M
% Of Pretax Income 35.2% 33.33%
Net Earnings $12.60M $9.000M
YoY Change 40.0% 32.35%
Net Earnings / Revenue 4.61% 3.7%
Basic Earnings Per Share $0.43 $0.30
Diluted Earnings Per Share $0.42 $0.30
COMMON SHARES
Basic Shares Outstanding 29.50M shares 29.60M shares
Diluted Shares Outstanding 29.80M shares 29.90M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.90M $23.30M
YoY Change 62.66% -34.55%
Cash & Equivalents $37.90M $23.30M
Short-Term Investments
Other Short-Term Assets $42.00M $71.00M
YoY Change -40.85% 15.64%
Inventory $137.7M $138.6M
Prepaid Expenses
Receivables $182.3M $155.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $423.8M $388.0M
YoY Change 9.23% 1.23%
LONG-TERM ASSETS
Property, Plant & Equipment $159.4M $137.6M
YoY Change 15.84% 6.58%
Goodwill $93.80M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.60M $33.00M
YoY Change -7.27% -65.15%
Total Long-Term Assets $357.9M $260.4M
YoY Change 37.44% 16.35%
TOTAL ASSETS
Total Short-Term Assets $423.8M $388.0M
Total Long-Term Assets $357.9M $260.4M
Total Assets $781.7M $648.4M
YoY Change 20.56% 6.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $109.6M $88.80M
YoY Change 23.42% 5.84%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.300M $4.400M
YoY Change -47.73% -25.42%
Total Short-Term Liabilities $325.3M $300.9M
YoY Change 8.11% 14.76%
LONG-TERM LIABILITIES
Long-Term Debt $230.7M $122.9M
YoY Change 87.71% 19.79%
Other Long-Term Liabilities $30.10M $57.60M
YoY Change -47.74% -53.36%
Total Long-Term Liabilities $260.8M $180.5M
YoY Change 44.49% -20.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $325.3M $300.9M
Total Long-Term Liabilities $260.8M $180.5M
Total Liabilities $586.1M $496.6M
YoY Change 18.02% 1.7%
SHAREHOLDERS EQUITY
Retained Earnings $193.2M
YoY Change
Common Stock $300.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.400M
YoY Change
Treasury Stock Shares $117.2K
Shareholders Equity $121.7M $151.8M
YoY Change
Total Liabilities & Shareholders Equity $781.7M $648.4M
YoY Change 20.56% 6.8%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $12.60M $9.000M
YoY Change 40.0% 32.35%
Depreciation, Depletion And Amortization $7.300M $7.100M
YoY Change 2.82% 12.7%
Cash From Operating Activities $8.100M $29.10M
YoY Change -72.16% 56.45%
INVESTING ACTIVITIES
Capital Expenditures -$7.100M -$10.90M
YoY Change -34.86% 62.69%
Acquisitions
YoY Change
Other Investing Activities -$50.80M -$35.70M
YoY Change 42.3% 7040.0%
Cash From Investing Activities -$57.90M -$46.60M
YoY Change 24.25% 547.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.10M -18.70M
YoY Change -469.52% -1346.67%
NET CHANGE
Cash From Operating Activities 8.100M 29.10M
Cash From Investing Activities -57.90M -46.60M
Cash From Financing Activities 69.10M -18.70M
Net Change In Cash 19.30M -36.20M
YoY Change -153.31% -380.62%
FREE CASH FLOW
Cash From Operating Activities $8.100M $29.10M
Capital Expenditures -$7.100M -$10.90M
Free Cash Flow $15.20M $40.00M
YoY Change -62.0% 58.1%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Use of estimates</div></div></div></div><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">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.</div></div></div></div></div></div></div></div></div>
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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