2015 Q1 Form 10-Q Financial Statement

#000150433715000017 Filed on May 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $471.7M $444.7M
YoY Change 6.07% -16.27%
Cost Of Revenue $427.8M $388.4M
YoY Change 10.14% 0.31%
Gross Profit $43.90M $56.30M
YoY Change -22.02% -60.88%
Gross Profit Margin 9.31% 12.66%
Selling, General & Admin $38.70M $40.90M
YoY Change -5.38% 16.19%
% of Gross Profit 88.15% 72.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.70M $25.60M
YoY Change 4.3% 37.63%
% of Gross Profit 60.82% 45.47%
Operating Expenses $38.70M $40.90M
YoY Change -5.38% 16.19%
Operating Profit -$33.20M -$10.20M
YoY Change 225.49% -111.53%
Interest Expense $7.500M $7.700M
YoY Change -2.6% -27.36%
% of Operating Profit
Other Income/Expense, Net -$8.300M -$10.20M
YoY Change -18.63% 30.77%
Pretax Income -$40.80M -$19.80M
YoY Change 106.06% -122.53%
Income Tax -$6.300M -$5.600M
% Of Pretax Income
Net Earnings -$34.50M -$14.20M
YoY Change 142.96% -121.81%
Net Earnings / Revenue -7.31% -3.19%
Basic Earnings Per Share -$0.24 -$0.10
Diluted Earnings Per Share -$0.24 -$0.10
COMMON SHARES
Basic Shares Outstanding 142.0M shares 140.8M shares
Diluted Shares Outstanding 142.0M shares 140.8M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $468.3M $551.7M
YoY Change -15.12% -1.57%
Cash & Equivalents $468.3M $551.7M
Short-Term Investments
Other Short-Term Assets $61.20M $68.80M
YoY Change -11.05% -31.41%
Inventory $262.1M $276.3M
Prepaid Expenses $22.80M $5.200M
Receivables $137.2M $134.8M
Other Receivables $11.80M $8.200M
Total Short-Term Assets $928.8M $1.040B
YoY Change -10.68% -9.04%
LONG-TERM ASSETS
Property, Plant & Equipment $830.3M $883.0M
YoY Change -5.97% 18.36%
Goodwill $9.700M $9.700M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $10.30M $7.600M
YoY Change 35.53% -90.0%
Other Assets $17.30M $34.70M
YoY Change -50.14% 116.88%
Total Long-Term Assets $1.370B $1.454B
YoY Change -5.78% 9.43%
TOTAL ASSETS
Total Short-Term Assets $928.8M $1.040B
Total Long-Term Assets $1.370B $1.454B
Total Assets $2.299B $2.494B
YoY Change -7.82% 0.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.4M $192.7M
YoY Change -5.35% 24.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.200M $2.300M
YoY Change -4.35% -70.89%
Total Short-Term Liabilities $186.6M $197.0M
YoY Change -5.28% -22.59%
LONG-TERM LIABILITIES
Long-Term Debt $757.9M $761.2M
YoY Change -0.43% -2.68%
Other Long-Term Liabilities $147.6M $133.8M
YoY Change 10.31% -19.69%
Total Long-Term Liabilities $905.5M $895.0M
YoY Change 1.17% -5.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $186.6M $197.0M
Total Long-Term Liabilities $905.5M $895.0M
Total Liabilities $1.092B $1.092B
YoY Change 0.01% -9.25%
SHAREHOLDERS EQUITY
Retained Earnings $777.8M $873.5M
YoY Change -10.96% 12.58%
Common Stock $654.3M $654.3M
YoY Change 0.0% 0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost) $219.6M $226.5M
YoY Change -3.05% -2.75%
Treasury Stock Shares
Shareholders Equity $1.075B $1.212B
YoY Change
Total Liabilities & Shareholders Equity $2.299B $2.494B
YoY Change -7.82% 0.89%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$34.50M -$14.20M
YoY Change 142.96% -121.81%
Depreciation, Depletion And Amortization $26.70M $25.60M
YoY Change 4.3% 37.63%
Cash From Operating Activities -$44.00M -$73.00M
YoY Change -39.73% -534.52%
INVESTING ACTIVITIES
Capital Expenditures $14.90M $24.00M
YoY Change -37.92% 81.82%
Acquisitions
YoY Change
Other Investing Activities $400.0K -$100.0K
YoY Change -500.0% -101.2%
Cash From Investing Activities -$14.50M -$24.10M
YoY Change -39.83% 391.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0K $0.00
YoY Change
Debt Paid & Issued, Net $1.400M $1.100M
YoY Change 27.27% 10.0%
Cash From Financing Activities -$3.700M -$2.500M
YoY Change 48.0% -80.31%
NET CHANGE
Cash From Operating Activities -$44.00M -$73.00M
Cash From Investing Activities -$14.50M -$24.10M
Cash From Financing Activities -$3.700M -$2.500M
Net Change In Cash -$62.20M -$99.60M
YoY Change -37.55% 12350.0%
FREE CASH FLOW
Cash From Operating Activities -$44.00M -$73.00M
Capital Expenditures $14.90M $24.00M
Free Cash Flow -$58.90M -$97.00M
YoY Change -39.28% -2794.44%

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34200000 USD
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200000 USD
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1100000 USD
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500000 USD
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1800000 USD
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1900000 USD
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1300000 USD
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1100000 USD
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400000 USD
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0 USD
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500000 USD
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800000 USD
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100000 USD
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100000 USD
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500000 USD
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200000 USD
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9600000 USD
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OtherSellingGeneralAndAdministrativeExpense
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OtherSellingGeneralAndAdministrativeExpense
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500000 USD
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PaymentsForLegalSettlements
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1400000 USD
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2400000 USD
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24000000 USD
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14900000 USD
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25000000 USD
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0 USD
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ProceedsFromIssuanceOfCommonStock
100000 USD
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100000 USD
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400000 USD
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ProductWarrantyAccrual
31400000 USD
CY2015Q1 us-gaap Product Warranty Accrual
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27100000 USD
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12000000 USD
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12000000 USD
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14200000 USD
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15100000 USD
CY2014Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2900000 USD
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ProductWarrantyAccrualPayments
3100000 USD
CY2014Q1 us-gaap Product Warranty Accrual Warranties Issued
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200000 USD
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100000 USD
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1100000 USD
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1400000 USD
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CY2015Q1 us-gaap Share Based Compensation
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379000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Terms Of Award
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CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y1M6D
CY2015Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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300000 USD
CY2014Q4 us-gaap Stockholders Equity
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CY2015Q1 us-gaap Stockholders Equity
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225000000 USD
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219600000 USD
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140800000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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142000000 shares

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