2019 Q1 Form 10-Q Financial Statement

#000143774919009481 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $141.4M $129.2M
YoY Change 9.46% 28.68%
Cost Of Revenue $63.36M $57.66M
YoY Change 9.89% 26.66%
Gross Profit $78.01M $71.50M
YoY Change 9.11% 30.37%
Gross Profit Margin 55.18% 55.36%
Selling, General & Admin $30.55M $27.32M
YoY Change 11.84% 23.66%
% of Gross Profit 39.17% 38.21%
Research & Development $25.46M $21.61M
YoY Change 17.81% 14.37%
% of Gross Profit 32.64% 30.22%
Depreciation & Amortization $3.255M $2.755M
YoY Change 18.15% -31.87%
% of Gross Profit 4.17% 3.85%
Operating Expenses $56.29M $49.46M
YoY Change 13.81% 19.83%
Operating Profit $21.72M $22.04M
YoY Change -1.45% 62.39%
Interest Expense $1.696M $1.460M
YoY Change 16.16% 15.51%
% of Operating Profit 7.81% 6.63%
Other Income/Expense, Net $3.341M $440.0K
YoY Change 659.32% -68.14%
Pretax Income $25.06M $22.48M
YoY Change 11.48% 50.34%
Income Tax -$1.100M $621.0K
% Of Pretax Income -4.39% 2.76%
Net Earnings $26.18M $21.86M
YoY Change 19.79% 50.97%
Net Earnings / Revenue 18.52% 16.92%
Basic Earnings Per Share $0.61 $0.52
Diluted Earnings Per Share $0.58 $0.49
COMMON SHARES
Basic Shares Outstanding 42.75M 41.92M
Diluted Shares Outstanding 45.23M 44.28M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $359.0M $307.3M
YoY Change 16.82% 10.3%
Cash & Equivalents $181.8M $76.02M
Short-Term Investments $177.3M $231.2M
Other Short-Term Assets $13.63M $16.71M
YoY Change -18.42% 51.26%
Inventory $142.5M $111.9M
Prepaid Expenses $3.298M
Receivables $58.89M $48.24M
Other Receivables $6.300M $2.800M
Total Short-Term Assets $574.1M $484.1M
YoY Change 18.59% 19.14%
LONG-TERM ASSETS
Property, Plant & Equipment $205.5M $153.8M
YoY Change 33.64% 79.6%
Goodwill $6.571M $6.571M
YoY Change 0.0% 0.0%
Intangibles $701.0K
YoY Change -71.84%
Long-Term Investments $3.300M $5.300M
YoY Change -37.74% 0.0%
Other Assets $41.99M $31.53M
YoY Change 33.16% 5.78%
Total Long-Term Assets $274.1M $213.7M
YoY Change 28.3% 63.77%
TOTAL ASSETS
Total Short-Term Assets $574.1M $484.1M
Total Long-Term Assets $274.1M $213.7M
Total Assets $848.2M $697.8M
YoY Change 21.56% 29.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.26M $27.51M
YoY Change -0.92% 21.53%
Accrued Expenses $45.35M $32.73M
YoY Change 38.55% 42.82%
Deferred Revenue $2.927M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $91.58M $73.30M
YoY Change 24.93% 30.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $42.01M $34.26M
YoY Change 22.61% 34.05%
Total Long-Term Liabilities $42.01M $34.26M
YoY Change 22.61% 34.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.58M $73.30M
Total Long-Term Liabilities $42.01M $34.26M
Total Liabilities $168.0M $139.5M
YoY Change 20.43% 62.78%
SHAREHOLDERS EQUITY
Retained Earnings $202.4M $152.3M
YoY Change 32.92% 27.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $680.3M $558.3M
YoY Change
Total Liabilities & Shareholders Equity $848.2M $697.8M
YoY Change 21.56% 29.99%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $26.18M $21.86M
YoY Change 19.79% 50.97%
Depreciation, Depletion And Amortization $3.255M $2.755M
YoY Change 18.15% -31.87%
Cash From Operating Activities $38.84M $16.29M
YoY Change 138.37% -25.58%
INVESTING ACTIVITIES
Capital Expenditures $58.38M $7.400M
YoY Change 688.86% 116.12%
Acquisitions
YoY Change
Other Investing Activities $28.60M -$17.80M
YoY Change -260.67% -62.76%
Cash From Investing Activities -$30.78M -$25.20M
YoY Change 22.14% -50.82%
FINANCING ACTIVITIES
Cash Dividend Paid $12.76M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$761.0K 1.033M
YoY Change -173.67% -114.79%
NET CHANGE
Cash From Operating Activities $38.84M 16.29M
Cash From Investing Activities -$30.78M -25.20M
Cash From Financing Activities -$761.0K 1.033M
Net Change In Cash $7.294M -6.740M
YoY Change -208.22% -81.21%
FREE CASH FLOW
Cash From Operating Activities $38.84M $16.29M
Capital Expenditures $58.38M $7.400M
Free Cash Flow -$19.54M $8.892M
YoY Change -319.75% -51.85%

Facts In Submission

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CY2019Q1 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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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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41922000

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