2018 Q2 Form 10-Q Financial Statement

#000143774918014210 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $139.8M $112.2M
YoY Change 24.57% 19.26%
Cost Of Revenue $62.20M $50.77M
YoY Change 22.5% 17.66%
Gross Profit $77.56M $61.43M
YoY Change 26.27% 20.62%
Gross Profit Margin 55.5% 54.75%
Selling, General & Admin $28.56M $25.87M
YoY Change 10.39% 20.17%
% of Gross Profit 36.82% 42.12%
Research & Development $23.48M $20.29M
YoY Change 15.72% 13.52%
% of Gross Profit 30.27% 33.04%
Depreciation & Amortization $3.000M $4.100M
YoY Change -26.83% 13.89%
% of Gross Profit 3.87% 6.67%
Operating Expenses $52.68M $46.46M
YoY Change 13.4% 17.91%
Operating Profit $24.88M $14.97M
YoY Change 66.21% 29.87%
Interest Expense $1.563M $1.327M
YoY Change 17.78% 154.7%
% of Operating Profit 6.28% 8.86%
Other Income/Expense, Net $2.232M $1.237M
YoY Change 80.44% 107.2%
Pretax Income $27.11M $16.21M
YoY Change 67.3% 33.68%
Income Tax $2.908M $1.193M
% Of Pretax Income 10.73% 7.36%
Net Earnings $24.21M $15.01M
YoY Change 61.22% 34.08%
Net Earnings / Revenue 17.32% 13.38%
Basic Earnings Per Share $0.57 $0.36
Diluted Earnings Per Share $0.55 $0.35
COMMON SHARES
Basic Shares Outstanding 42.24M 41.32M
Diluted Shares Outstanding 44.40M 43.40M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $313.5M $277.7M
YoY Change 12.89% 13.86%
Cash & Equivalents $83.08M $71.11M
Short-Term Investments $230.4M $206.6M
Other Short-Term Assets $13.97M $14.89M
YoY Change -6.18% 274.22%
Inventory $128.9M $92.67M
Prepaid Expenses
Receivables $53.46M $41.98M
Other Receivables $2.900M $1.200M
Total Short-Term Assets $509.8M $427.2M
YoY Change 19.34% 22.37%
LONG-TERM ASSETS
Property, Plant & Equipment $150.7M $100.6M
YoY Change 49.82% 35.36%
Goodwill $6.571M $6.571M
YoY Change 0.0% 0.0%
Intangibles $504.0K $1.977M
YoY Change -74.51% -50.91%
Long-Term Investments $5.200M $5.300M
YoY Change -1.89% 0.0%
Other Assets $31.34M $25.73M
YoY Change 21.81% -10.36%
Total Long-Term Assets $210.1M $140.8M
YoY Change 49.19% 23.98%
TOTAL ASSETS
Total Short-Term Assets $509.8M $427.2M
Total Long-Term Assets $210.1M $140.8M
Total Assets $720.0M $568.0M
YoY Change 26.74% 21.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.69M $25.23M
YoY Change 5.77% 31.83%
Accrued Expenses $33.03M $22.99M
YoY Change 43.67% 21.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.33M $62.79M
YoY Change 19.97% 20.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $34.87M $27.16M
YoY Change 28.37% 50.39%
Total Long-Term Liabilities $34.87M $27.16M
YoY Change 28.37% 50.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.33M $62.79M
Total Long-Term Liabilities $34.87M $27.16M
Total Liabilities $140.9M $94.25M
YoY Change 49.53% 28.23%
SHAREHOLDERS EQUITY
Retained Earnings $162.9M $125.7M
YoY Change 29.53% 18.74%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $579.0M $473.8M
YoY Change
Total Liabilities & Shareholders Equity $720.0M $568.0M
YoY Change 26.74% 21.21%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $24.21M $15.01M
YoY Change 61.22% 34.08%
Depreciation, Depletion And Amortization $3.000M $4.100M
YoY Change -26.83% 13.89%
Cash From Operating Activities $25.40M $24.90M
YoY Change 2.01% 66.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.600M -$17.10M
YoY Change -67.25% 27.61%
Acquisitions
YoY Change
Other Investing Activities $900.0K -$5.400M
YoY Change -116.67% -150.0%
Cash From Investing Activities -$4.700M -$22.50M
YoY Change -79.11% 765.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.10M -8.600M
YoY Change 40.7% 11.69%
NET CHANGE
Cash From Operating Activities 25.40M 24.90M
Cash From Investing Activities -4.700M -22.50M
Cash From Financing Activities -12.10M -8.600M
Net Change In Cash 8.600M -6.200M
YoY Change -238.71% -231.91%
FREE CASH FLOW
Cash From Operating Activities $25.40M $24.90M
Capital Expenditures -$5.600M -$17.10M
Free Cash Flow $31.00M $42.00M
YoY Change -26.19% 47.89%

Facts In Submission

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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42079000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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41185000

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