2019 Q1 Form 10-Q Financial Statement

#000143612619000020 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2017 Q4
Revenue $176.8M $187.6M $187.6M
YoY Change -5.78% 14.89% 10.28%
Cost Of Revenue $122.4M $133.8M $137.3M
YoY Change -8.5% 16.33% 15.17%
Gross Profit $48.87M $48.14M $50.32M
YoY Change 1.52% 11.57% 4.88%
Gross Profit Margin 27.65% 25.66% 26.82%
Selling, General & Admin $41.76M $39.03M $39.50M
YoY Change 6.99% 4.64% 8.97%
% of Gross Profit 85.45% 81.08% 78.5%
Research & Development $857.0K $756.0K $500.0K
YoY Change 13.36% 17.57% -13.79%
% of Gross Profit 1.75% 1.57% 0.99%
Depreciation & Amortization $9.668M $8.648M $7.740M
YoY Change 11.79% 12.82% -1.95%
% of Gross Profit 19.78% 17.96% 15.38%
Operating Expenses $42.62M $39.79M $42.60M
YoY Change 7.11% 4.86% 15.67%
Operating Profit -$4.396M $6.398M $6.282M
YoY Change -168.71% 96.86% 113.38%
Interest Expense $3.527M -$1.800M -$1.300M
YoY Change -295.94% 80.0% 44.44%
% of Operating Profit -28.13% -20.69%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.923M $4.607M $5.000M
YoY Change -271.98% 106.41% -56.82%
Income Tax -$2.637M $1.688M $2.200M
% Of Pretax Income 36.64% 44.0%
Net Earnings -$5.293M $2.908M $884.0K
YoY Change -282.02% 71.87% -8.2%
Net Earnings / Revenue -2.99% 1.55% 0.47%
Basic Earnings Per Share
Diluted Earnings Per Share -$185.3K $98.64K $31.80K
COMMON SHARES
Basic Shares Outstanding 28.57M shares 28.30M shares 28.29M shares
Diluted Shares Outstanding 28.57M shares 29.36M shares

Balance Sheet

Concept 2019 Q1 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.60M $33.10M $27.50M
YoY Change -25.68% 19.93% 4.56%
Cash & Equivalents $24.60M $33.13M $27.54M
Short-Term Investments
Other Short-Term Assets $21.00M $18.20M $18.90M
YoY Change 15.38% 22.97% -17.83%
Inventory $13.57M $11.01M $10.50M
Prepaid Expenses
Receivables $138.5M $138.9M $138.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $197.7M $201.2M $195.0M
YoY Change -1.74% 13.56% 6.76%
LONG-TERM ASSETS
Property, Plant & Equipment $93.92M $88.03M $87.14M
YoY Change 6.68% 20.76% 19.13%
Goodwill $280.7M $202.1M $203.4M
YoY Change 38.89% 16.21% 19.71%
Intangibles $109.1M $62.47M $63.74M
YoY Change 74.59% 51.52% 59.32%
Long-Term Investments
YoY Change
Other Assets $41.20M $4.813M $3.507M
YoY Change 756.1% 83.14% 35.25%
Total Long-Term Assets $527.7M $359.0M $359.4M
YoY Change 46.98% 22.73% 25.34%
TOTAL ASSETS
Total Short-Term Assets $197.7M $201.2M $195.0M
Total Long-Term Assets $527.7M $359.0M $359.4M
Total Assets $725.4M $560.2M $554.4M
YoY Change 29.49% 19.27% 18.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.28M $9.737M $10.36M
YoY Change 36.34% 4.19% 52.27%
Accrued Expenses $72.70M $53.50M $55.80M
YoY Change 35.89% 16.56% -5.74%
Deferred Revenue $4.963M $6.338M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.787M $2.001M $2.358M
YoY Change 239.18% 13.31% 70.99%
Total Short-Term Liabilities $107.4M $82.77M $90.23M
YoY Change 29.73% 10.71% 16.1%
LONG-TERM LIABILITIES
Long-Term Debt $280.9M $172.5M $164.5M
YoY Change 62.89% 79.57% 91.49%
Other Long-Term Liabilities $34.43M $11.34M $11.36M
YoY Change 203.62% 38.62% 45.89%
Total Long-Term Liabilities $315.3M $183.8M $175.9M
YoY Change 71.57% 76.35% 87.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.4M $82.77M $90.23M
Total Long-Term Liabilities $315.3M $183.8M $175.9M
Total Liabilities $456.3M $283.9M $283.6M
YoY Change 60.75% 42.03% 42.76%
SHAREHOLDERS EQUITY
Retained Earnings $66.26M $67.62M $64.72M
YoY Change -2.02% -27.67% -29.5%
Common Stock $286.0K $282.0K $282.0K
YoY Change 1.42% -3.75% -3.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares
Shareholders Equity $268.9M $276.2M $270.6M
YoY Change
Total Liabilities & Shareholders Equity $725.4M $560.2M $554.4M
YoY Change 29.49% 19.27% 18.11%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income -$5.293M $2.908M $884.0K
YoY Change -282.02% 71.87% -8.2%
Depreciation, Depletion And Amortization $9.668M $8.648M $7.740M
YoY Change 11.79% 12.82% -1.95%
Cash From Operating Activities $8.177M $5.818M $20.57M
YoY Change 40.55% -56.62% 138.35%
INVESTING ACTIVITIES
Capital Expenditures $5.637M $5.182M -$5.220M
YoY Change 8.78% 51.7% 52.63%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $720.0K $580.0K -$75.07M
YoY Change 24.14% -113.33% 1030.57%
Cash From Investing Activities -$5.001M -$4.772M -$80.28M
YoY Change 4.8% -41.35% 698.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.694M $834.0K
YoY Change 103.12% 25.79%
Cash From Financing Activities -$3.949M $4.261M 60.16M
YoY Change -192.68% 49.35% 345.3%
NET CHANGE
Cash From Operating Activities $8.177M $5.818M 20.57M
Cash From Investing Activities -$5.001M -$4.772M -80.28M
Cash From Financing Activities -$3.949M $4.261M 60.16M
Net Change In Cash -$944.0K $5.307M 450.0K
YoY Change -117.79% -34.72% -96.27%
FREE CASH FLOW
Cash From Operating Activities $8.177M $5.818M $20.57M
Capital Expenditures $5.637M $5.182M -$5.220M
Free Cash Flow $2.540M $636.0K $25.79M
YoY Change 299.37% -93.64% 114.02%

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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in prior periods have been reclassified to conform to the current year presentation. Such reclassifications did not have a material effect on the Company's financial condition or results of operations as previously reported.</font></div></div>

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