2015 Q3 Form 10-Q Financial Statement

#000135059315000033 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q3
Revenue $311.4M $301.0M $320.7M
YoY Change -2.9% -5.49% 9.38%
Cost Of Revenue -$56.40M $204.8M -$69.20M
YoY Change -18.5% -7.41% -133.86%
Gross Profit $97.70M $96.20M $101.3M
YoY Change -3.55% -1.13% 14.08%
Gross Profit Margin 31.37% 31.96% 31.59%
Selling, General & Admin -$17.00M $52.90M -$11.50M
YoY Change 47.83% -4.34% -120.76%
% of Gross Profit -17.4% 54.99% -11.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $14.50M $14.20M
YoY Change -98.59% 3.57% -4.05%
% of Gross Profit 0.2% 15.07% 14.02%
Operating Expenses -$16.50M $64.70M -$11.50M
YoY Change 43.48% 16.58% -120.76%
Operating Profit $44.40M $31.50M $43.00M
YoY Change 3.26% -24.64% 29.52%
Interest Expense -$5.700M -$6.300M -$12.00M
YoY Change -52.5% -49.6% -4.0%
% of Operating Profit -12.84% -20.0% -27.91%
Other Income/Expense, Net
YoY Change
Pretax Income $8.700M $25.20M -$13.10M
YoY Change -166.41% -13.99% -163.9%
Income Tax $4.800M $8.700M -$12.70M
% Of Pretax Income 55.17% 34.52%
Net Earnings $22.30M $16.50M $26.20M
YoY Change -14.89% -10.81% 94.07%
Net Earnings / Revenue 7.16% 5.48% 8.17%
Basic Earnings Per Share $0.14 $0.10 $0.16
Diluted Earnings Per Share $0.14 $0.10 $0.16
COMMON SHARES
Basic Shares Outstanding 160.5M shares 160.8M shares 159.7M shares
Diluted Shares Outstanding 163.5M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.1M $61.40M $161.1M
YoY Change -29.8% -59.31% 30.34%
Cash & Equivalents $361.7M $61.40M $161.1M
Short-Term Investments
Other Short-Term Assets $13.70M $20.90M $27.60M
YoY Change -50.36% -55.05% -40.13%
Inventory $219.1M $228.6M $198.0M
Prepaid Expenses
Receivables $175.3M $166.8M $182.1M
Other Receivables $1.500M $0.00 $13.00M
Total Short-Term Assets $549.5M $505.7M $607.4M
YoY Change -9.53% -17.53% 6.67%
LONG-TERM ASSETS
Property, Plant & Equipment $148.9M $145.1M $146.3M
YoY Change 1.78% 1.61% 3.1%
Goodwill $5.400M $5.400M
YoY Change 0.0%
Intangibles $507.3M $514.1M $533.6M
YoY Change -4.93% -3.53% -3.53%
Long-Term Investments
YoY Change
Other Assets $24.10M $32.50M $25.20M
YoY Change -4.37% 132.14% 44.0%
Total Long-Term Assets $680.3M $691.7M $705.1M
YoY Change -3.52% 0.29% -1.04%
TOTAL ASSETS
Total Short-Term Assets $549.5M $505.7M $607.4M
Total Long-Term Assets $680.3M $691.7M $705.1M
Total Assets $1.230B $1.197B $1.313B
YoY Change -6.3% -8.1% 2.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $98.70M $83.10M $116.0M
YoY Change -14.91% -1.77% 14.62%
Accrued Expenses $35.00M $34.00M $54.90M
YoY Change -36.25% -25.27% 1.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.100M $6.000M $46.20M
YoY Change -86.8% -89.34% 3453.85%
Total Short-Term Liabilities $168.0M $147.9M $244.4M
YoY Change -31.26% -30.07% 33.48%
LONG-TERM LIABILITIES
Long-Term Debt $482.9M $491.2M $494.8M
YoY Change -2.41% -9.79% -17.46%
Other Long-Term Liabilities $65.80M $86.40M $71.30M
YoY Change -7.71% 111.25% 140.88%
Total Long-Term Liabilities $548.7M $577.6M $566.1M
YoY Change -3.07% -1.33% -10.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.0M $147.9M $244.4M
Total Long-Term Liabilities $548.7M $577.6M $566.1M
Total Liabilities $862.0M $857.5M $960.9M
YoY Change -10.29% -10.59% 0.75%
SHAREHOLDERS EQUITY
Retained Earnings -$1.143B -$1.165B -$1.174B
YoY Change -2.63% -2.9% -4.52%
Common Stock $1.600M $1.600M $1.600M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $366.3M $338.4M $350.0M
YoY Change
Total Liabilities & Shareholders Equity $1.230B $1.197B $1.313B
YoY Change -6.3% -8.1% 2.39%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q3
OPERATING ACTIVITIES
Net Income $22.30M $16.50M $26.20M
YoY Change -14.89% -10.81% 94.07%
Depreciation, Depletion And Amortization $200.0K $14.50M $14.20M
YoY Change -98.59% 3.57% -4.05%
Cash From Operating Activities $68.60M $58.10M $86.60M
YoY Change -20.79% 8.8% 22.84%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K -$9.300M -$11.40M
YoY Change -92.11% 29.17% -9.52%
Acquisitions
YoY Change
Other Investing Activities -$9.600M $100.0K -$6.500M
YoY Change 47.69% -88.89% -1725.0%
Cash From Investing Activities -$10.50M -$9.200M -$17.90M
YoY Change -41.34% 46.03% 46.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.500M -22.10M -57.20M
YoY Change -92.13% 820.83% 1171.11%
NET CHANGE
Cash From Operating Activities 68.60M 58.10M 86.60M
Cash From Investing Activities -10.50M -9.200M -17.90M
Cash From Financing Activities -4.500M -22.10M -57.20M
Net Change In Cash 53.60M 26.80M 11.50M
YoY Change 366.09% -40.04% -78.62%
FREE CASH FLOW
Cash From Operating Activities $68.60M $58.10M $86.60M
Capital Expenditures -$900.0K -$9.300M -$11.40M
Free Cash Flow $69.50M $67.40M $98.00M
YoY Change -29.08% 11.22% 17.93%

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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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15700000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
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us-gaap Payments Of Dividends
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8400000 USD
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8800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2400000 USD
CY2014 us-gaap Payments To Acquire Interest In Joint Venture
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1700000 USD
CY2014Q2 us-gaap Payments To Acquire Productive Assets
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7200000 USD
us-gaap Payments To Acquire Productive Assets
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25500000 USD
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9300000 USD
us-gaap Payments To Acquire Productive Assets
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us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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3200000 USD
us-gaap Proceeds From Issuance Of Common Stock
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3600000 USD
us-gaap Proceeds From Issuance Of Common Stock
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2900000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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0 USD
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1200000 USD
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4900000 USD
CY2014Q3 us-gaap Product Warranty Accrual
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2600000 USD
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us-gaap Profit Loss
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CY2014Q2 us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Write Off Of Deferred Debt Issuance Cost
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4400000 USD

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