2019 Q1 Form 10-Q Financial Statement

#000156459019015570 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $376.9M $406.1M
YoY Change -7.19% 17.17%
Cost Of Revenue $301.8M $311.4M
YoY Change -3.08% 13.28%
Gross Profit $75.10M $94.70M
YoY Change -20.7% 32.08%
Gross Profit Margin 19.93% 23.32%
Selling, General & Admin $36.90M $38.10M
YoY Change -3.15% 23.3%
% of Gross Profit 49.13% 40.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.60M $11.80M
YoY Change 23.73% 5.36%
% of Gross Profit 19.44% 12.46%
Operating Expenses $50.50M $38.10M
YoY Change 32.55% 23.3%
Operating Profit $24.30M $43.30M
YoY Change -43.88% 54.09%
Interest Expense -$16.20M $10.50M
YoY Change -254.29% -0.94%
% of Operating Profit -66.67% 24.25%
Other Income/Expense, Net $500.0K $200.0K
YoY Change 150.0% -86.67%
Pretax Income $8.600M $33.00M
YoY Change -73.94% 478.95%
Income Tax -$1.200M $9.200M
% Of Pretax Income -13.95% 27.88%
Net Earnings $11.60M $17.80M
YoY Change -34.83% 304.55%
Net Earnings / Revenue 3.08% 4.38%
Basic Earnings Per Share $0.56 $0.86
Diluted Earnings Per Share $0.56 $0.81
COMMON SHARES
Basic Shares Outstanding 20.58M 20.89M
Diluted Shares Outstanding 20.88M 22.16M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.10M $52.20M
YoY Change -27.01% 123.08%
Cash & Equivalents $32.80M $52.20M
Short-Term Investments
Other Short-Term Assets $29.10M $39.90M
YoY Change -27.07% -0.99%
Inventory $285.5M $243.2M
Prepaid Expenses
Receivables $188.1M $212.4M
Other Receivables $2.500M $2.000M
Total Short-Term Assets $543.3M $549.7M
YoY Change -1.16% 15.29%
LONG-TERM ASSETS
Property, Plant & Equipment $417.3M $352.9M
YoY Change 18.25% 21.86%
Goodwill $222.5M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $37.10M $24.80M
YoY Change 49.6% -38.77%
Total Long-Term Assets $1.050B $766.3M
YoY Change 37.04% 16.76%
TOTAL ASSETS
Total Short-Term Assets $543.3M $549.7M
Total Long-Term Assets $1.050B $766.3M
Total Assets $1.593B $1.316B
YoY Change 21.08% 16.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $143.1M $148.0M
YoY Change -3.31% 7.87%
Accrued Expenses $121.7M $109.8M
YoY Change 10.84% 8.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.60M $7.900M
YoY Change 46.84% -33.61%
Total Short-Term Liabilities $276.4M $265.7M
YoY Change 4.03% 6.2%
LONG-TERM LIABILITIES
Long-Term Debt $1.001B $782.9M
YoY Change 27.87% 12.47%
Other Long-Term Liabilities $75.80M $94.90M
YoY Change -20.13% -27.45%
Total Long-Term Liabilities $1.077B $877.8M
YoY Change 22.68% 6.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $276.4M $265.7M
Total Long-Term Liabilities $1.077B $877.8M
Total Liabilities $1.503B $1.197B
YoY Change 25.56% 10.07%
SHAREHOLDERS EQUITY
Retained Earnings $38.80M $21.60M
YoY Change 79.63%
Common Stock $209.2M $194.9M
YoY Change 7.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.80M $65.60M
YoY Change 38.41%
Treasury Stock Shares $2.513M $1.785M
Shareholders Equity $78.00M $106.7M
YoY Change
Total Liabilities & Shareholders Equity $1.593B $1.316B
YoY Change 21.08% 16.14%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $11.60M $17.80M
YoY Change -34.83% 304.55%
Depreciation, Depletion And Amortization $14.60M $11.80M
YoY Change 23.73% 5.36%
Cash From Operating Activities -$14.30M -$29.00M
YoY Change -50.69% 20.33%
INVESTING ACTIVITIES
Capital Expenditures $11.00M $22.50M
YoY Change -51.11% 51.01%
Acquisitions $0.00 $62.90M
YoY Change -100.0%
Other Investing Activities $1.700M -$62.60M
YoY Change -102.72% -726.0%
Cash From Investing Activities -$9.300M -$85.10M
YoY Change -89.07% 1636.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $600.0K $6.100M
YoY Change -90.16% -2133.33%
Debt Paid & Issued, Net $12.60M $4.100M
YoY Change 207.32% -99.24%
Cash From Financing Activities 20.80M 105.9M
YoY Change -80.36% 236.19%
NET CHANGE
Cash From Operating Activities -14.30M -29.00M
Cash From Investing Activities -9.300M -85.10M
Cash From Financing Activities 20.80M 105.9M
Net Change In Cash -4.600M -8.200M
YoY Change -43.9% -428.0%
FREE CASH FLOW
Cash From Operating Activities -$14.30M -$29.00M
Capital Expenditures $11.00M $22.50M
Free Cash Flow -$25.30M -$51.50M
YoY Change -50.87% 32.05%

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