2020 Q1 Form 10-Q Financial Statement

#000110465720000043 Filed on April 23, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $9.406M $17.22M
YoY Change -45.38% 47.45%
Cost Of Revenue $233.4M $231.8M
YoY Change 0.66% -5.45%
Gross Profit $44.57M $69.61M
YoY Change -35.97% 19.43%
Gross Profit Margin 473.85% 404.17%
Selling, General & Admin $30.74M $40.06M
YoY Change -23.26% 4.17%
% of Gross Profit 68.98% 57.56%
Research & Development $4.185M $3.740M
YoY Change 11.9% 2.66%
% of Gross Profit 9.39% 5.37%
Depreciation & Amortization $14.27M $9.067M
YoY Change 57.43% -1.52%
% of Gross Profit 32.03% 13.03%
Operating Expenses $34.93M $43.80M
YoY Change -20.26% 4.04%
Operating Profit -$5.568M $21.68M
YoY Change -125.68% 63.62%
Interest Expense $246.0K $466.0K
YoY Change -47.21% -36.16%
% of Operating Profit 2.15%
Other Income/Expense, Net $944.0K -$245.0K
YoY Change -485.31% -44.57%
Pretax Income -$4.870M $20.97M
YoY Change -123.22% 73.61%
Income Tax -$992.0K $3.837M
% Of Pretax Income 18.3%
Net Earnings -$3.878M $17.13M
YoY Change -122.63% 62.18%
Net Earnings / Revenue -41.23% 99.48%
Basic Earnings Per Share -$0.19 $0.85
Diluted Earnings Per Share -$0.19 $0.83
COMMON SHARES
Basic Shares Outstanding 20.38M shares 20.27M shares
Diluted Shares Outstanding 20.38M shares 20.61M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.6M $41.90M
YoY Change 156.8% 107.43%
Cash & Equivalents $107.6M $41.86M
Short-Term Investments
Other Short-Term Assets $27.70M $23.80M
YoY Change 16.39% -7.03%
Inventory $204.7M $224.2M
Prepaid Expenses
Receivables $138.8M $145.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $478.8M $434.8M
YoY Change 10.1% 9.7%
LONG-TERM ASSETS
Property, Plant & Equipment $235.0M $252.2M
YoY Change -6.81% -1.77%
Goodwill $69.83M $90.60M
YoY Change -22.92% -0.35%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.40M $7.725M
YoY Change 138.17% 4.73%
Total Long-Term Assets $367.3M $389.9M
YoY Change -5.8% 2.21%
TOTAL ASSETS
Total Short-Term Assets $478.8M $434.8M
Total Long-Term Assets $367.3M $389.9M
Total Assets $846.1M $824.8M
YoY Change 2.58% 6.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.15M $56.59M
YoY Change -4.31% 5.78%
Accrued Expenses $32.92M $38.23M
YoY Change -13.89% 36.02%
Deferred Revenue
YoY Change
Short-Term Debt $877.0K $836.0K
YoY Change 4.9% 6.23%
Long-Term Debt Due $900.0K $2.100M
YoY Change -57.14% 162.5%
Total Short-Term Liabilities $113.7M $131.2M
YoY Change -13.33% 15.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.126M $1.869M
YoY Change -39.75% -29.28%
Other Long-Term Liabilities $10.58M $11.23M
YoY Change -5.84% -63.27%
Total Long-Term Liabilities $11.70M $13.10M
YoY Change -10.68% -60.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.7M $131.2M
Total Long-Term Liabilities $11.70M $13.10M
Total Liabilities $125.4M $144.3M
YoY Change -13.09% -1.86%
SHAREHOLDERS EQUITY
Retained Earnings $584.5M $562.9M
YoY Change 3.83% 4.92%
Common Stock $254.0M $241.5M
YoY Change 5.17% 6.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $198.3M $184.8M
YoY Change 7.3% 7.72%
Treasury Stock Shares
Shareholders Equity $630.8M $566.9M
YoY Change
Total Liabilities & Shareholders Equity $846.1M $824.8M
YoY Change 2.58% 6.03%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$3.878M $17.13M
YoY Change -122.63% 62.18%
Depreciation, Depletion And Amortization $14.27M $9.067M
YoY Change 57.43% -1.52%
Cash From Operating Activities $9.130M -$12.62M
YoY Change -172.36% 54.34%
INVESTING ACTIVITIES
Capital Expenditures $14.79M $8.027M
YoY Change 84.24% 2.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.300M
YoY Change -100.0% -23.53%
Cash From Investing Activities -$14.78M -$9.321M
YoY Change 58.56% -2.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.766M $199.0K
YoY Change 3300.0%
Debt Paid & Issued, Net $142.0K $197.0K
YoY Change -27.92% 3.68%
Cash From Financing Activities -$11.40M -$6.797M
YoY Change 67.74% 49.52%
NET CHANGE
Cash From Operating Activities $9.130M -$12.62M
Cash From Investing Activities -$14.78M -$9.321M
Cash From Financing Activities -$11.40M -$6.797M
Net Change In Cash -$17.43M -$28.78M
YoY Change -39.44% 29.38%
FREE CASH FLOW
Cash From Operating Activities $9.130M -$12.62M
Capital Expenditures $14.79M $8.027M
Free Cash Flow -$5.659M -$20.64M
YoY Change -72.59% 28.69%

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13700000 USD
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2719000 USD
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175000 USD
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188000 USD
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0 USD
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35000 USD
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600000 USD
CY2019Q1 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
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0 USD
CY2020Q1 us-gaap Accrual For Environmental Loss Contingencies Significant Assumptions
AccrualForEnvironmentalLossContingenciesSignificantAssumptions
The reserves are established based upon analyses conducted by the Company’s engineers and outside consultants and are adjusted from time to time based upon ongoing studies, the difference between actual and estimated costs, and other factors. The reserves may also be affected by rulings and negotiations with regulatory agencies.
CY2020Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
5800000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
5900000 USD

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