2019 Q1 Form 10-Q Financial Statement

#000005836119000031 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $122.7M $127.8M
YoY Change -3.99% -4.18%
Cost Of Revenue $5.800M $5.600M
YoY Change 3.57% -9.68%
Gross Profit $116.9M $122.2M
YoY Change -4.34% -3.93%
Gross Profit Margin 95.27% 95.61%
Selling, General & Admin $47.80M $49.40M
YoY Change -3.24% -5.73%
% of Gross Profit 40.89% 40.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.386M $8.016M
YoY Change -7.86% 100.0%
% of Gross Profit 6.32% 6.56%
Operating Expenses $111.9M $112.9M
YoY Change -0.88% -2.97%
Operating Profit $12.57M $16.56M
YoY Change -24.13% -11.93%
Interest Expense $12.14M $13.27M
YoY Change -8.54% -9.31%
% of Operating Profit 96.6% 80.14%
Other Income/Expense, Net -$14.74M -$13.10M
YoY Change 12.48% 16.11%
Pretax Income -$2.171M $3.460M
YoY Change -162.75% -54.0%
Income Tax $156.0K $927.0K
% Of Pretax Income 26.79%
Net Earnings -$2.678M $2.239M
YoY Change -219.61% -63.46%
Net Earnings / Revenue -2.18% 1.75%
Basic Earnings Per Share -$0.05 $0.04
Diluted Earnings Per Share -$0.05 $0.04
COMMON SHARES
Basic Shares Outstanding 55.61M 54.69M shares
Diluted Shares Outstanding 55.61M 55.86M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.70M $12.30M
YoY Change 35.77% -23.13%
Cash & Equivalents $16.67M $12.30M
Short-Term Investments
Other Short-Term Assets $4.240M $4.104M
YoY Change 3.31% 1.26%
Inventory $4.068M $4.044M
Prepaid Expenses
Receivables $43.70M $44.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $68.65M $65.16M
YoY Change 5.36% -8.99%
LONG-TERM ASSETS
Property, Plant & Equipment $87.94M $107.5M
YoY Change -18.2% -11.56%
Goodwill $250.2M $246.4M
YoY Change 1.52% 1.11%
Intangibles $115.0M $127.5M
YoY Change -9.83% -12.5%
Long-Term Investments $29.06M $27.98M
YoY Change 3.86% -5.05%
Other Assets $1.520M $1.613M
YoY Change -5.77% 1.96%
Total Long-Term Assets $510.8M $537.5M
YoY Change -4.96% -5.28%
TOTAL ASSETS
Total Short-Term Assets $68.65M $65.16M
Total Long-Term Assets $510.8M $537.5M
Total Assets $579.4M $602.6M
YoY Change -3.85% -5.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.66M $15.69M
YoY Change -12.92% 9.39%
Accrued Expenses $17.20M $18.82M
YoY Change -8.64% -6.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.300M $30.90M
YoY Change -76.38% 4.75%
Total Short-Term Liabilities $65.73M $94.54M
YoY Change -30.48% -1.52%
LONG-TERM LIABILITIES
Long-Term Debt $453.6M $465.8M
YoY Change -2.62% -12.28%
Other Long-Term Liabilities $13.75M $10.19M
YoY Change 34.91% 8.98%
Total Long-Term Liabilities $467.4M $476.0M
YoY Change -1.81% -11.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.73M $94.54M
Total Long-Term Liabilities $467.4M $476.0M
Total Liabilities $607.4M $656.0M
YoY Change -7.42% -12.11%
SHAREHOLDERS EQUITY
Retained Earnings -$272.0M -$291.3M
YoY Change -6.62% -13.75%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$29.24M -$54.49M
YoY Change
Total Liabilities & Shareholders Equity $579.4M $602.6M
YoY Change -3.85% -5.7%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$2.678M $2.239M
YoY Change -219.61% -63.46%
Depreciation, Depletion And Amortization $7.386M $8.016M
YoY Change -7.86% 100.0%
Cash From Operating Activities $8.400M $13.90M
YoY Change -39.57% 32.38%
INVESTING ACTIVITIES
Capital Expenditures -$1.500M -$1.400M
YoY Change 7.14% 40.0%
Acquisitions
YoY Change
Other Investing Activities -$4.700M $1.500M
YoY Change -413.33% 87.5%
Cash From Investing Activities -$6.100M $200.0K
YoY Change -3150.0% -200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.500M -15.60M
YoY Change -90.38% 8.33%
NET CHANGE
Cash From Operating Activities 8.400M 13.90M
Cash From Investing Activities -6.100M 200.0K
Cash From Financing Activities -1.500M -15.60M
Net Change In Cash 800.0K -1.500M
YoY Change -153.33% -63.41%
FREE CASH FLOW
Cash From Operating Activities $8.400M $13.90M
Capital Expenditures -$1.500M -$1.400M
Free Cash Flow $9.900M $15.30M
YoY Change -35.29% 33.04%

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