2013 Form 10-K Financial Statement

#000119312514079638 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $1.478B $374.9M $387.9M
YoY Change -4.93% 1.6% 1.76%
Cost Of Revenue $1.265B $321.4M $331.4M
YoY Change -4.52% 0.47% 5.21%
Gross Profit $213.6M $53.50M $56.50M
YoY Change -7.29% 8.96% -14.65%
Gross Profit Margin 14.45% 14.27% 14.57%
Selling, General & Admin $71.70M $20.50M $19.00M
YoY Change -5.16% 9.63% -2.06%
% of Gross Profit 33.57% 38.32% 33.63%
Research & Development $2.400M
YoY Change 4.35%
% of Gross Profit 1.12%
Depreciation & Amortization $29.70M $7.100M $6.700M
YoY Change 7.61% -74.64% -5.63%
% of Gross Profit 13.9% 13.27% 11.86%
Operating Expenses $74.10M $27.00M $19.00M
YoY Change -4.88% 3.45% -2.06%
Operating Profit $100.3M $25.90M $30.80M
YoY Change -20.77% 12.61% -23.19%
Interest Expense $26.80M -$7.100M $6.900M
YoY Change -3.94% 2.9% 2.99%
% of Operating Profit 26.72% -27.41% 22.4%
Other Income/Expense, Net $3.500M $200.0K $600.0K
YoY Change 84.21% -60.0% 500.0%
Pretax Income $77.00M $19.00M $24.50M
YoY Change -23.46% 14.46% -26.87%
Income Tax $36.80M $4.800M $8.300M
% Of Pretax Income 47.79% 25.26% 33.88%
Net Earnings $40.40M $13.60M $16.00M
YoY Change -38.41% -195.77% -28.57%
Net Earnings / Revenue 2.73% 3.63% 4.12%
Basic Earnings Per Share $1.96 $0.66 $0.77
Diluted Earnings Per Share $1.94 $0.65 $0.77
COMMON SHARES
Basic Shares Outstanding 20.58M 20.58M shares 20.69M shares
Diluted Shares Outstanding 20.82M 20.90M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.20M $66.70M $68.90M
YoY Change 23.24% 23.29% 16.39%
Cash & Equivalents $82.20M $66.70M $68.90M
Short-Term Investments
Other Short-Term Assets $45.70M $29.80M $23.20M
YoY Change 1.78% 36.7% -21.62%
Inventory $168.8M $195.8M $190.5M
Prepaid Expenses $7.400M
Receivables $157.9M $162.7M $172.9M
Other Receivables $18.50M $11.10M $14.60M
Total Short-Term Assets $473.1M $481.2M $479.8M
YoY Change -1.68% 12.59% 10.2%
LONG-TERM ASSETS
Property, Plant & Equipment $197.0M $161.1M $152.4M
YoY Change 22.28% 3.53% -9.72%
Goodwill $75.60M $73.00M
YoY Change 4.85%
Intangibles
YoY Change
Long-Term Investments $6.600M $5.800M $5.900M
YoY Change 13.79% 18.37% 20.41%
Other Assets $9.300M $29.10M $21.20M
YoY Change -65.81% 10.23% -55.65%
Total Long-Term Assets $311.8M $298.8M $287.0M
YoY Change 4.35% -1.48% -2.31%
TOTAL ASSETS
Total Short-Term Assets $473.1M $481.2M $479.8M
Total Long-Term Assets $311.8M $298.8M $287.0M
Total Assets $784.9M $780.0M $766.8M
YoY Change 0.63% 6.75% 5.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $107.6M $103.5M $109.3M
YoY Change 3.96% 1.37% 12.91%
Accrued Expenses $82.40M $72.10M $70.90M
YoY Change 14.29% 14.26% 18.76%
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 $195.1M $181.2M $185.8M
YoY Change 7.67% 6.34% 14.9%
LONG-TERM LIABILITIES
Long-Term Debt $303.1M $296.1M $297.4M
YoY Change 2.36% -1.99% -4.25%
Other Long-Term Liabilities $82.20M $41.50M $40.90M
YoY Change -37.44% -11.51% -64.4%
Total Long-Term Liabilities $385.3M $337.6M $338.3M
YoY Change -9.87% -3.27% -20.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.1M $181.2M $185.8M
Total Long-Term Liabilities $385.3M $337.6M $338.3M
Total Liabilities $615.1M $611.9M $616.0M
YoY Change -2.27% -1.86% 2.8%
SHAREHOLDERS EQUITY
Retained Earnings $52.00M $43.50M
YoY Change 676.12%
Common Stock $153.5M $149.3M
YoY Change 7.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.90M $32.90M
YoY Change 32.66%
Treasury Stock Shares $951.0K 951.0B shares
Shareholders Equity $169.8M $150.6M $137.4M
YoY Change
Total Liabilities & Shareholders Equity $784.9M $780.0M $766.8M
YoY Change 0.63% 6.75% 5.16%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $40.40M $13.60M $16.00M
YoY Change -38.41% -195.77% -28.57%
Depreciation, Depletion And Amortization $29.70M $7.100M $6.700M
YoY Change 7.61% -74.64% -5.63%
Cash From Operating Activities $117.6M $23.30M $51.10M
YoY Change 51.16% -28.09% 173.26%
INVESTING ACTIVITIES
Capital Expenditures $72.90M -$13.10M -$6.500M
YoY Change 152.25% -3.68% -12.16%
Acquisitions $2.300M
YoY Change -83.57%
Other Investing Activities $600.0K -$11.70M $300.0K
YoY Change -105.45% 4.46% -50.0%
Cash From Investing Activities -$72.30M -$24.80M -$6.200M
YoY Change 81.2% 0.0% -8.82%
FINANCING ACTIVITIES
Cash Dividend Paid $21.10M
YoY Change 8.21%
Common Stock Issuance & Retirement, Net $17.30M
YoY Change 162.12%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -30.30M -300.0K -28.40M
YoY Change 10.99% -97.73% 610.0%
NET CHANGE
Cash From Operating Activities 117.6M 23.30M 51.10M
Cash From Investing Activities -72.30M -24.80M -6.200M
Cash From Financing Activities -30.30M -300.0K -28.40M
Net Change In Cash 15.00M -1.800M 16.50M
YoY Change 41.51% -67.86% 108.86%
FREE CASH FLOW
Cash From Operating Activities $117.6M $23.30M $51.10M
Capital Expenditures $72.90M -$13.10M -$6.500M
Free Cash Flow $44.70M $36.40M $57.60M
YoY Change -8.59% -20.87% 120.69%

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