2014 Q1 Form 10-Q Financial Statement

#000140810014000039 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $51.40M $22.90M
YoY Change 124.45% 94.07%
Cost Of Revenue $9.700M $1.900M
YoY Change 410.53%
Gross Profit $41.80M $20.90M
YoY Change 100.0% 77.12%
Gross Profit Margin 81.32% 91.27%
Selling, General & Admin $9.200M $7.700M
YoY Change 19.48% 66.16%
% of Gross Profit 22.01% 36.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.300M $1.900M
YoY Change 284.21% 216.67%
% of Gross Profit 17.46% 9.09%
Operating Expenses $53.50M $24.50M
YoY Change 118.37% 68.92%
Operating Profit -$6.600M -$2.700M
YoY Change 144.44% -212.5%
Interest Expense -$13.00M $11.43M
YoY Change -213.72% 85.28%
% of Operating Profit
Other Income/Expense, Net $65.20M -$1.700M
YoY Change -3935.29% -22.73%
Pretax Income $58.60M -$4.400M
YoY Change -1431.82% -2300.0%
Income Tax $8.800M -$1.700M
% Of Pretax Income 15.02%
Net Earnings $12.50M -$1.600M
YoY Change -881.25% 23.08%
Net Earnings / Revenue 24.32% -6.99%
Basic Earnings Per Share $0.12 -$0.06
Diluted Earnings Per Share $0.12 -$0.06
COMMON SHARES
Basic Shares Outstanding 88.14M shares 61.85M shares
Diluted Shares Outstanding 89.42M shares 61.85M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.582B $198.4M
YoY Change 697.18% 46.0%
Cash & Equivalents $1.573B $198.4M
Short-Term Investments $8.500M
Other Short-Term Assets $9.000M
YoY Change
Inventory $403.6M
Prepaid Expenses
Receivables $28.20M $25.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $311.6M $627.8M
YoY Change -50.37% 143.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.889B
YoY Change
Goodwill $23.90M $23.97M
YoY Change -0.27% 0.0%
Intangibles
YoY Change
Long-Term Investments $584.5M $575.3M
YoY Change 1.61% 30.33%
Other Assets
YoY Change
Total Long-Term Assets $4.096B $758.3M
YoY Change 440.1% 43.54%
TOTAL ASSETS
Total Short-Term Assets $311.6M $627.8M
Total Long-Term Assets $4.096B $758.3M
Total Assets $4.407B $1.386B
YoY Change 217.96% 76.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.7M $1.100M
YoY Change 13963.64% 10.0%
Accrued Expenses $30.10M
YoY Change 1.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $154.7M $31.20M
YoY Change 395.83% 1.3%
LONG-TERM LIABILITIES
Long-Term Debt $1.628B $700.6M
YoY Change 132.42% 118.87%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.628B $700.6M
YoY Change 132.42% 118.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $154.7M $31.20M
Total Long-Term Liabilities $1.628B $700.6M
Total Liabilities $1.783B $745.8M
YoY Change 139.08% 99.63%
SHAREHOLDERS EQUITY
Retained Earnings -$39.90M -$14.64M
YoY Change 172.62% -488.74%
Common Stock $0.00 $7.000K
YoY Change -100.0% 40.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.856M
YoY Change -17.1%
Treasury Stock Shares 1.017M shares
Shareholders Equity $952.6M $630.4M
YoY Change
Total Liabilities & Shareholders Equity $4.407B $1.386B
YoY Change 217.96% 76.24%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $12.50M -$1.600M
YoY Change -881.25% 23.08%
Depreciation, Depletion And Amortization $7.300M $1.900M
YoY Change 284.21% 216.67%
Cash From Operating Activities -$36.90M -$27.60M
YoY Change 33.7% 357.33%
INVESTING ACTIVITIES
Capital Expenditures -$367.7M -$15.60M
YoY Change 2257.05% 1.3%
Acquisitions
YoY Change
Other Investing Activities -$209.0M -$1.300M
YoY Change 15976.92% -103.52%
Cash From Investing Activities -$576.7M -$17.00M
YoY Change 3292.35% -178.94%
FINANCING ACTIVITIES
Cash Dividend Paid $7.800M $7.100M
YoY Change 9.86% 73.26%
Common Stock Issuance & Retirement, Net -$188.3M -$133.8M
YoY Change 40.73% -326441.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.009B $126.2M
YoY Change 1492.08% -1491.4%
NET CHANGE
Cash From Operating Activities -$36.90M -$27.60M
Cash From Investing Activities -$576.7M -$17.00M
Cash From Financing Activities $2.009B $126.2M
Net Change In Cash $1.396B $81.60M
YoY Change 1610.29% 1169.05%
FREE CASH FLOW
Cash From Operating Activities -$36.90M -$27.60M
Capital Expenditures -$367.7M -$15.60M
Free Cash Flow $330.8M -$12.00M
YoY Change -2856.67% -228.14%

Facts In Submission

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