2018 Q1 Form 10-Q Financial Statement

#000083307918000065 Filed on April 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $742.6M $672.8M
YoY Change 10.37% 12.55%
Cost Of Revenue $673.7M $612.7M
YoY Change 9.96% 13.17%
Gross Profit $123.1M $109.8M
YoY Change 12.17% 5.75%
Gross Profit Margin 16.58% 16.32%
Selling, General & Admin $83.65M $77.94M
YoY Change 7.32% 2.83%
% of Gross Profit 67.94% 71.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.866M $3.670M
YoY Change 59.84% 7.88%
% of Gross Profit 4.76% 3.34%
Operating Expenses $83.65M $77.94M
YoY Change 7.32% 2.83%
Operating Profit $39.48M $31.82M
YoY Change 24.05% 13.64%
Interest Expense $136.0K $825.0K
YoY Change -83.52% -74.91%
% of Operating Profit 0.34% 2.59%
Other Income/Expense, Net $5.325M $1.110M
YoY Change 379.73% 292.23%
Pretax Income $48.88M $36.77M
YoY Change 32.95% 27.29%
Income Tax $5.010M $13.20M
% Of Pretax Income 10.25% 35.89%
Net Earnings $43.87M $23.57M
YoY Change 86.13% 12.41%
Net Earnings / Revenue 5.91% 3.5%
Basic Earnings Per Share $1.08 $0.59
Diluted Earnings Per Share $1.07 $0.56
COMMON SHARES
Basic Shares Outstanding 40.49M shares 40.18M shares
Diluted Shares Outstanding 41.14M shares 42.81M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $172.6M $85.70M
YoY Change 101.4% -50.23%
Cash & Equivalents $172.6M $85.69M
Short-Term Investments
Other Short-Term Assets $84.60M $79.70M
YoY Change 6.15% 19.67%
Inventory $2.803B $2.513B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.134B $2.765B
YoY Change 13.38% 9.77%
LONG-TERM ASSETS
Property, Plant & Equipment $49.76M $32.70M
YoY Change 52.17% -5.34%
Goodwill $33.00M $32.96M
YoY Change 0.12% -0.12%
Intangibles
YoY Change
Long-Term Investments $16.40M $16.90M
YoY Change -2.96% 59.43%
Other Assets $35.30M $53.90M
YoY Change -34.51% -8.64%
Total Long-Term Assets $192.8M $192.0M
YoY Change 0.37% -2.02%
TOTAL ASSETS
Total Short-Term Assets $3.134B $2.765B
Total Long-Term Assets $192.8M $192.0M
Total Assets $3.327B $2.957B
YoY Change 12.54% 8.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.6M $136.8M
YoY Change 2.78% 11.86%
Accrued Expenses $162.2M $146.5M
YoY Change 10.72% 8.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $355.5M $328.2M
YoY Change 8.32% 5.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.311B $1.171B
YoY Change 11.94% 4.65%
Other Long-Term Liabilities $35.00M $8.500M
YoY Change 311.76%
Total Long-Term Liabilities $1.346B $1.180B
YoY Change 14.1% 5.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $355.5M $328.2M
Total Long-Term Liabilities $1.346B $1.180B
Total Liabilities $1.702B $1.508B
YoY Change 12.84% 5.45%
SHAREHOLDERS EQUITY
Retained Earnings $1.035B $872.2M
YoY Change 18.69% 21.13%
Common Stock $590.2M $576.2M
YoY Change 2.43% 2.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.625B $1.448B
YoY Change
Total Liabilities & Shareholders Equity $3.327B $2.957B
YoY Change 12.54% 8.92%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $43.87M $23.57M
YoY Change 86.13% 12.41%
Depreciation, Depletion And Amortization $5.866M $3.670M
YoY Change 59.84% 7.88%
Cash From Operating Activities -$17.33M -$84.77M
YoY Change -79.56% 3.6%
INVESTING ACTIVITIES
Capital Expenditures $6.383M $3.238M
YoY Change 97.13% -17.82%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$6.353M -$3.199M
YoY Change 98.59% -19.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $25.49M $41.95M
YoY Change -39.24% -1087.57%
NET CHANGE
Cash From Operating Activities -$17.33M -$84.77M
Cash From Investing Activities -$6.353M -$3.199M
Cash From Financing Activities $25.49M $41.95M
Net Change In Cash $1.806M -$46.01M
YoY Change -103.92% -48.89%
FREE CASH FLOW
Cash From Operating Activities -$17.33M -$84.77M
Capital Expenditures $6.383M $3.238M
Free Cash Flow -$23.71M -$88.00M
YoY Change -73.06% 2.62%

Facts In Submission

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0 USD
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17100000 USD
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16441000 USD
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3327164000 USD
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4800000 USD
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23959000 USD
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43874000 USD
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9 operating_segment
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9 state
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0 USD
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CY2018Q1 us-gaap Other Notes Payable
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CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
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0 USD
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PaymentsOfDebtIssuanceCosts
3315000 USD
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10000 USD
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PaymentsToAcquireInterestInJointVenture
0 USD
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3238000 USD
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6383000 USD
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0.01
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10000000 shares
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0 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
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PreferredStockValue
0 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets
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85145000 USD
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0 USD
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ProceedsFromIssuanceOfSeniorLongTermDebt
206000000 USD
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ProceedsFromRepaymentsOfLinesOfCredit
45000000 USD
CY2018Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
1226000 USD
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1018000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
49000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipment
30000 USD
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CY2017Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2017Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
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78564000 USD
CY2018Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
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81828000 USD
CY2017Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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CY2018Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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CY2017Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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17895000 USD
CY2018Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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20869000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
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CY2017Q1 us-gaap Repayments Of Lines Of Credit
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115000000 USD
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285000000 USD
CY2017Q1 us-gaap Repayments Of Senior Debt
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0 USD
CY2018Q1 us-gaap Repayments Of Senior Debt
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175000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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991844000 USD
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48320000 USD
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CY2017Q1 us-gaap Share Based Compensation
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3295000 USD
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5350000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
605183 shares
CY2016Q4 us-gaap Standard Product Warranty Accrual
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22660000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual
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22477000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23328000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23812000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Payments
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3998000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2923000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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0 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3815000 USD
CY2018Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
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3407000 USD
CY2017Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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1624000 USD
CY2018Q1 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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2064000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2016Q4 us-gaap Stockholders Equity
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1421495000 USD
CY2017Q1 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity
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CY2018Q1 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
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14067000 USD
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18959000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
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0 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42808000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41140000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40178000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40488000 shares

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