2018 Q3 Form 10-Q Financial Statement

#000143774918019424 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $160.0M $128.9M
YoY Change 24.07% 21.12%
Cost Of Revenue $70.96M $58.08M
YoY Change 22.16% 19.68%
Gross Profit $89.02M $70.86M
YoY Change 25.63% 22.32%
Gross Profit Margin 55.64% 54.95%
Selling, General & Admin $29.55M $25.26M
YoY Change 17.01% 12.76%
% of Gross Profit 33.2% 35.64%
Research & Development $25.63M $21.44M
YoY Change 19.53% 4.74%
% of Gross Profit 28.79% 30.26%
Depreciation & Amortization $3.300M $4.000M
YoY Change -17.5% 11.11%
% of Gross Profit 3.71% 5.65%
Operating Expenses $55.53M $47.02M
YoY Change 18.08% 9.55%
Operating Profit $33.49M $23.83M
YoY Change 40.54% 58.87%
Interest Expense $1.583M $1.346M
YoY Change 17.61% 130.09%
% of Operating Profit 4.73% 5.65%
Other Income/Expense, Net $2.714M $1.255M
YoY Change 116.25% 60.9%
Pretax Income $36.21M $25.09M
YoY Change 44.33% 58.97%
Income Tax $4.639M $1.445M
% Of Pretax Income 12.81% 5.76%
Net Earnings $31.57M $23.64M
YoY Change 33.53% 64.49%
Net Earnings / Revenue 19.73% 18.34%
Basic Earnings Per Share $0.75 $0.57
Diluted Earnings Per Share $0.71 $0.54
COMMON SHARES
Basic Shares Outstanding 42.36M 41.46M
Diluted Shares Outstanding 44.67M 43.49M

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $347.8M $299.6M
YoY Change 16.09% 15.63%
Cash & Equivalents $131.1M $104.4M
Short-Term Investments $216.8M $195.2M
Other Short-Term Assets $12.88M $13.56M
YoY Change -5.04% 264.52%
Inventory $136.8M $99.89M
Prepaid Expenses
Receivables $59.89M $50.76M
Other Receivables $3.700M $1.200M
Total Short-Term Assets $557.4M $463.8M
YoY Change 20.18% 26.44%
LONG-TERM ASSETS
Property, Plant & Equipment $147.5M $100.6M
YoY Change 46.58% 22.57%
Goodwill $6.571M $6.571M
YoY Change 0.0% 0.0%
Intangibles $308.0K $1.464M
YoY Change -78.96% -58.35%
Long-Term Investments $5.300M $5.400M
YoY Change -1.85% 0.0%
Other Assets $33.27M $26.52M
YoY Change 25.47% -11.12%
Total Long-Term Assets $205.8M $141.2M
YoY Change 45.71% 15.73%
TOTAL ASSETS
Total Short-Term Assets $557.4M $463.8M
Total Long-Term Assets $205.8M $141.2M
Total Assets $763.2M $605.0M
YoY Change 26.14% 22.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.60M $21.83M
YoY Change 26.44% 25.96%
Accrued Expenses $34.91M $26.88M
YoY Change 29.87% 22.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.51M $66.17M
YoY Change 29.23% 19.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $36.31M $28.70M
YoY Change 26.55% 47.55%
Total Long-Term Liabilities $36.31M $28.70M
YoY Change 26.55% 47.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.51M $66.17M
Total Long-Term Liabilities $36.31M $28.70M
Total Liabilities $153.0M $99.49M
YoY Change 53.78% 26.65%
SHAREHOLDERS EQUITY
Retained Earnings $180.8M $140.5M
YoY Change 28.74% 25.93%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $610.2M $505.5M
YoY Change
Total Liabilities & Shareholders Equity $763.2M $605.0M
YoY Change 26.14% 22.26%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $31.57M $23.64M
YoY Change 33.53% 64.49%
Depreciation, Depletion And Amortization $3.300M $4.000M
YoY Change -17.5% 11.11%
Cash From Operating Activities $52.20M $33.60M
YoY Change 55.36% 2.13%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$4.600M
YoY Change 10.87% -55.34%
Acquisitions
YoY Change
Other Investing Activities $13.20M $10.50M
YoY Change 25.71% -5.41%
Cash From Investing Activities $8.100M $5.900M
YoY Change 37.29% 742.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.60M -7.100M
YoY Change 49.3% 14.52%
NET CHANGE
Cash From Operating Activities 52.20M 33.60M
Cash From Investing Activities 8.100M 5.900M
Cash From Financing Activities -10.60M -7.100M
Net Change In Cash 49.70M 32.40M
YoY Change 53.4% 18.25%
FREE CASH FLOW
Cash From Operating Activities $52.20M $33.60M
Capital Expenditures -$5.100M -$4.600M
Free Cash Flow $57.30M $38.20M
YoY Change 50.0% -11.57%

Facts In Submission

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ProductWarrantyAccrualPayments
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CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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41276000

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