2014 Q4 Form 10-Q Financial Statement

#000086627315000008 Filed on February 06, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4
Revenue $344.9M $311.1M
YoY Change 10.87% 40.15%
Cost Of Revenue $326.9M $276.8M
YoY Change 18.09% 39.05%
Gross Profit $15.96M $34.15M
YoY Change -53.28% 52.91%
Gross Profit Margin 4.63% 10.98%
Selling, General & Admin $19.63M $19.33M
YoY Change 1.52% 42.56%
% of Gross Profit 123.01% 56.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.770M $3.830M
YoY Change 50.65% 28.96%
% of Gross Profit 36.16% 11.22%
Operating Expenses $19.63M $19.33M
YoY Change 1.52% 42.56%
Operating Profit -$3.671M $14.82M
YoY Change -124.78% 69.88%
Interest Expense $300.0K $351.0K
YoY Change -14.53% 61.75%
% of Operating Profit 2.37%
Other Income/Expense, Net -$28.00K -$68.00K
YoY Change -58.82% 871.43%
Pretax Income -$3.691M $14.41M
YoY Change -125.62% 68.29%
Income Tax $1.155M $4.095M
% Of Pretax Income 28.43%
Net Earnings $3.286M $10.31M
YoY Change -68.12% 89.59%
Net Earnings / Revenue 0.95% 3.31%
Basic Earnings Per Share $0.12 $0.39
Diluted Earnings Per Share $0.12 $0.38
COMMON SHARES
Basic Shares Outstanding 26.60M shares 26.25M shares
Diluted Shares Outstanding 27.16M shares 26.88M shares

Balance Sheet

Concept 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.60M $73.30M
YoY Change -6.41% 120.78%
Cash & Equivalents $68.57M $73.29M
Short-Term Investments
Other Short-Term Assets $7.321M $5.981M
YoY Change 22.4% 20.25%
Inventory $3.013M $3.193M
Prepaid Expenses
Receivables $215.1M $161.5M
Other Receivables $6.200M $2.700M
Total Short-Term Assets $376.0M $346.3M
YoY Change 8.57% 29.56%
LONG-TERM ASSETS
Property, Plant & Equipment $87.23M $86.81M
YoY Change 0.48% 32.59%
Goodwill $72.21M $67.12M
YoY Change 7.58% 116.7%
Intangibles $26.80M $31.09M
YoY Change -13.81% 282.24%
Long-Term Investments
YoY Change
Other Assets $3.804M $4.535M
YoY Change -16.12% 8.67%
Total Long-Term Assets $190.0M $189.6M
YoY Change 0.25% 74.3%
TOTAL ASSETS
Total Short-Term Assets $376.0M $346.3M
Total Long-Term Assets $190.0M $189.6M
Total Assets $566.1M $535.9M
YoY Change 5.63% 42.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.15M $115.9M
YoY Change -19.62% 94.1%
Accrued Expenses $43.00M $35.30M
YoY Change 21.81% 30.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $265.8M $246.9M
YoY Change 7.62% 70.94%
LONG-TERM LIABILITIES
Long-Term Debt $11.79M $23.19M
YoY Change -49.17% 577.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $11.79M $23.19M
YoY Change -49.17% 577.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $265.8M $246.9M
Total Long-Term Liabilities $11.79M $23.19M
Total Liabilities $284.3M $277.8M
YoY Change 2.35% 80.73%
SHAREHOLDERS EQUITY
Retained Earnings $186.4M $158.3M
YoY Change 17.79% 24.11%
Common Stock $279.0K $279.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.71M $18.22M
YoY Change -24.75% -22.73%
Treasury Stock Shares 1.193M shares 1.550M shares
Shareholders Equity $289.4M $257.4M
YoY Change
Total Liabilities & Shareholders Equity $566.1M $535.9M
YoY Change 5.63% 42.5%

Cashflow Statement

Concept 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income $3.286M $10.31M
YoY Change -68.12% 89.59%
Depreciation, Depletion And Amortization $5.770M $3.830M
YoY Change 50.65% 28.96%
Cash From Operating Activities $270.0K $32.01M
YoY Change -99.16% 0.19%
INVESTING ACTIVITIES
Capital Expenditures -$4.050M -$6.210M
YoY Change -34.78% -10.65%
Acquisitions
YoY Change
Other Investing Activities -$160.0K -$51.35M
YoY Change -99.69% 524.7%
Cash From Investing Activities -$4.210M -$57.56M
YoY Change -92.69% 279.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.0K 19.40M
YoY Change -98.76% -3333.33%
NET CHANGE
Cash From Operating Activities 270.0K 32.01M
Cash From Investing Activities -4.210M -57.56M
Cash From Financing Activities 240.0K 19.40M
Net Change In Cash -3.700M -6.150M
YoY Change -39.84% -137.99%
FREE CASH FLOW
Cash From Operating Activities $270.0K $32.01M
Capital Expenditures -$4.050M -$6.210M
Free Cash Flow $4.320M $38.22M
YoY Change -88.7% -1.75%

Facts In Submission

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us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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19174000 USD
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4835000 USD
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IncreaseDecreaseInInventories
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CY2014Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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131000 shares
CY2014Q2 us-gaap Indefinite Lived Trade Names
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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OtherAssetsNoncurrent
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CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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us-gaap Payments For Repurchase Of Other Equity
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PaymentsForRepurchaseOfOtherEquity
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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PaymentsToAcquireBusinessesNetOfCashAcquired
5551000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11965000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7711000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
602000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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ProceedsFromLongTermLinesOfCredit
33318000 USD
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9272000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
326000 USD
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us-gaap Profit Loss
ProfitLoss
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PropertyPlantAndEquipmentGross
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PropertyPlantAndEquipmentNet
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10127000 USD
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CY2013Q4 us-gaap Revenues
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us-gaap Revenues
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310998000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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CY2014Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
342880000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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CY2013Q4 us-gaap Selling General And Administrative Expense
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SellingGeneralAndAdministrativeExpense
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CY2014Q4 us-gaap Selling General And Administrative Expense
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2515000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1453770 shares
us-gaap Share Based Compensation
ShareBasedCompensation
3168000 USD
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StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
38000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
602000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
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CY2014Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
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CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
16595000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2014Q2 us-gaap Unapproved Change Orders Amount
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CY2014Q4 us-gaap Unapproved Change Orders Amount
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CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26772000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27156000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27154000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26245000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26180000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26535000 shares

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