2015 Q2 Form 10-K Financial Statement

#000119312516677859 Filed on August 10, 2016

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2 2014
Revenue $189.9M $188.8M $778.2M
YoY Change 0.58% 8.44% 26.91%
Cost Of Revenue $38.40M $31.00M $96.10M
YoY Change 23.87% 40.27% 49.22%
Gross Profit $151.5M $157.8M $682.1M
YoY Change -3.99% 3.82% 24.29%
Gross Profit Margin 79.78% 83.58% 87.65%
Selling, General & Admin $96.60M $84.30M $327.1M
YoY Change 14.59% 17.9% 29.9%
% of Gross Profit 63.76% 53.42% 47.95%
Research & Development $18.70M $20.20M $67.50M
YoY Change -7.43% 38.36% 25.7%
% of Gross Profit 12.34% 12.8% 9.9%
Depreciation & Amortization $6.600M $5.500M $9.200M
YoY Change 20.0% 139.13% 3.5%
% of Gross Profit 4.36% 3.49% 1.35%
Operating Expenses $115.3M $104.5M $394.6M
YoY Change 10.33% 21.37% 29.17%
Operating Profit $36.20M $53.30M $274.4M
YoY Change -32.08% -19.12% 20.35%
Interest Expense $100.0K $200.0K $5.400M
YoY Change -50.0% -84.62% -1.82%
% of Operating Profit 0.28% 0.38% 1.97%
Other Income/Expense, Net -$800.0K -$900.0K $3.400M
YoY Change -11.11% -35.85%
Pretax Income $35.50M $52.60M $277.8M
YoY Change -32.51% -21.73% 19.07%
Income Tax $16.80M $18.90M $101.6M
% Of Pretax Income 47.32% 35.93% 36.57%
Net Earnings $18.70M $33.60M $176.2M
YoY Change -44.35% -23.81% 19.7%
Net Earnings / Revenue 9.85% 17.8% 22.64%
Basic Earnings Per Share $2.33
Diluted Earnings Per Share $257.6K $432.4K $2.25
COMMON SHARES
Basic Shares Outstanding 69.45M shares 74.82M shares 75.70M shares
Diluted Shares Outstanding 78.20M shares

Balance Sheet

Concept 2015 Q2 2014 Q2 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.8M $186.5M $186.5M
YoY Change -22.36% -49.91% -49.91%
Cash & Equivalents $64.10M $64.80M $64.80M
Short-Term Investments $80.70M $121.6M $121.6M
Other Short-Term Assets $26.00M $26.90M $26.90M
YoY Change -3.35% 177.32% 177.32%
Inventory $25.10M $23.90M $23.90M
Prepaid Expenses $6.921M
Receivables $85.80M $81.90M $81.90M
Other Receivables $1.900M $3.200M $3.200M
Total Short-Term Assets $283.6M $322.4M $322.4M
YoY Change -12.03% -33.39% -33.39%
LONG-TERM ASSETS
Property, Plant & Equipment $67.20M $34.60M $34.60M
YoY Change 94.22% 25.35% 25.36%
Goodwill $177.2M $169.2M
YoY Change 4.73% 197.36%
Intangibles $192.6M $205.3M
YoY Change -6.19% 1440.14%
Long-Term Investments $40.60M $84.10M $84.10M
YoY Change -51.72% -47.01% -47.01%
Other Assets $5.000M $5.000M $8.200M
YoY Change 0.0% -61.54% -80.29%
Total Long-Term Assets $482.6M $501.4M $501.4M
YoY Change -3.75% 56.77% 56.79%
TOTAL ASSETS
Total Short-Term Assets $283.6M $322.4M $322.4M
Total Long-Term Assets $482.6M $501.4M $501.4M
Total Assets $766.2M $823.8M $823.8M
YoY Change -6.99% 2.49% 2.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.10M $23.10M $23.10M
YoY Change -8.66% 27.4% 27.62%
Accrued Expenses $46.10M $56.40M $56.40M
YoY Change -18.26% 27.22% 27.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $68.70M $80.60M $80.60M
YoY Change -14.76% 24.94% 24.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.900M $0.00 $24.20M
YoY Change -100.0% 126.17%
Total Long-Term Liabilities $3.900M $0.00 $24.20M
YoY Change -100.0% 126.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $68.70M $80.60M $80.60M
Total Long-Term Liabilities $3.900M $0.00 $24.20M
Total Liabilities $104.1M $104.8M $104.8M
YoY Change -0.67% 39.31% 39.36%
SHAREHOLDERS EQUITY
Retained Earnings -$77.00M $2.000M
YoY Change -3950.0% -93.52%
Common Stock $746.1M $700.0K
YoY Change 106485.71% -13.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $661.7M $719.0M $719.0M
YoY Change
Total Liabilities & Shareholders Equity $766.2M $823.8M $823.8M
YoY Change -6.99% 2.49% 2.49%

Cashflow Statement

Concept 2015 Q2 2014 Q2 2014
OPERATING ACTIVITIES
Net Income $18.70M $33.60M $176.2M
YoY Change -44.35% -23.81% 19.7%
Depreciation, Depletion And Amortization $6.600M $5.500M $9.200M
YoY Change 20.0% 139.13% 3.5%
Cash From Operating Activities $51.00M $40.90M $190.2M
YoY Change 24.69% -35.08% 9.39%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$4.600M -$14.30M
YoY Change -56.52% 64.29% 25.44%
Acquisitions $223.5M
YoY Change
Other Investing Activities -$800.0K -$14.30M -$3.400M
YoY Change -94.41% -82.52% -94.7%
Cash From Investing Activities -$2.800M -$18.90M -$17.70M
YoY Change -85.19% -77.66% -76.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $287.7M
YoY Change 96.65%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.20M -42.10M -211.8M
YoY Change -4.51% -416.54% 162.93%
NET CHANGE
Cash From Operating Activities 51.00M 40.90M 190.2M
Cash From Investing Activities -2.800M -18.90M -17.70M
Cash From Financing Activities -40.20M -42.10M -211.8M
Net Change In Cash 8.000M -20.10M -39.30M
YoY Change -139.8% 142.17% -321.77%
FREE CASH FLOW
Cash From Operating Activities $51.00M $40.90M $190.2M
Capital Expenditures -$2.000M -$4.600M -$14.30M
Free Cash Flow $53.00M $45.50M $204.5M
YoY Change 16.48% -30.85% 10.38%

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The Company's income tax returns for the following jurisdictions are currently under examination New Jersey State income tax returns for the years ended June 30, 2007 through 2013; New York State income tax return for the years ended June 30, 2014 through 2015; and U.S. income tax return for the year June 30, 2014.
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