2013 Q1 Form 10-Q Financial Statement

#000104746913005731 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $201.3M $240.2M
YoY Change -16.19% 59.84%
Cost Of Revenue $174.0M $214.1M
YoY Change -18.72% 66.37%
Gross Profit $27.30M $26.10M
YoY Change 4.6% 20.91%
Gross Profit Margin 13.56% 10.87%
Selling, General & Admin $16.01M $15.92M
YoY Change 0.56% 14.08%
% of Gross Profit 58.63% 60.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.879M $5.700M
YoY Change 20.68% 34.21%
% of Gross Profit 25.2% 21.84%
Operating Expenses $16.01M $15.92M
YoY Change 0.56% 14.08%
Operating Profit $11.39M $10.23M
YoY Change 11.36% 34.17%
Interest Expense $183.0K $182.0K
YoY Change 0.55% -13.33%
% of Operating Profit 1.61% 1.78%
Other Income/Expense, Net $5.000K -$27.00K
YoY Change -118.52% 22.73%
Pretax Income $11.22M $10.02M
YoY Change 11.94% 35.03%
Income Tax $4.255M $3.809M
% Of Pretax Income 37.94% 38.02%
Net Earnings $6.960M $6.210M
YoY Change 12.08% 38.0%
Net Earnings / Revenue 3.46% 2.59%
Basic Earnings Per Share $0.33 $0.30
Diluted Earnings Per Share $0.32 $0.29
COMMON SHARES
Basic Shares Outstanding 20.66M shares 20.30M shares
Diluted Shares Outstanding 21.31M shares 21.09M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.30M $3.800M
YoY Change 460.53% -91.5%
Cash & Equivalents $21.28M $3.750M
Short-Term Investments
Other Short-Term Assets $5.097M $16.60M
YoY Change -69.3% 22.06%
Inventory $43.30M $55.40M
Prepaid Expenses
Receivables $159.3M $155.3M
Other Receivables $11.40M $10.00M
Total Short-Term Assets $253.1M $241.0M
YoY Change 5.01% 24.29%
LONG-TERM ASSETS
Property, Plant & Equipment $134.9M $120.5M
YoY Change 11.94% 16.88%
Goodwill $46.60M
YoY Change
Intangibles $10.45M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.874M $2.000M
YoY Change -6.3% 42.86%
Total Long-Term Assets $193.8M $179.9M
YoY Change 7.71% 10.93%
TOTAL ASSETS
Total Short-Term Assets $253.1M $241.0M
Total Long-Term Assets $193.8M $179.9M
Total Assets $446.9M $420.9M
YoY Change 6.17% 18.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.23M $80.90M
YoY Change -24.31% 137.94%
Accrued Expenses $39.50M $38.20M
YoY Change 3.4% 12.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $160.5M $177.9M
YoY Change -9.8% 37.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.267M $1.100M
YoY Change 15.18% 57.14%
Total Long-Term Liabilities $1.267M $1.100M
YoY Change 15.18% -89.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $160.5M $177.9M
Total Long-Term Liabilities $1.267M $1.100M
Total Liabilities $183.2M $198.4M
YoY Change -7.64% 25.49%
SHAREHOLDERS EQUITY
Retained Earnings $106.9M
YoY Change
Common Stock $156.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $263.6M $222.6M
YoY Change
Total Liabilities & Shareholders Equity $446.9M $420.9M
YoY Change 6.17% 18.21%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $6.960M $6.210M
YoY Change 12.08% 38.0%
Depreciation, Depletion And Amortization $6.879M $5.700M
YoY Change 20.68% 34.21%
Cash From Operating Activities $12.50M -$12.00M
YoY Change -204.17% -186.96%
INVESTING ACTIVITIES
Capital Expenditures $12.46M $8.330M
YoY Change 49.56% -31.85%
Acquisitions
YoY Change
Other Investing Activities $200.0K $100.0K
YoY Change 100.0% 0.0%
Cash From Investing Activities -$12.30M -$8.200M
YoY Change 50.0% -32.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.200M -10.10M
YoY Change -111.88% -48.47%
NET CHANGE
Cash From Operating Activities 12.50M -12.00M
Cash From Investing Activities -12.30M -8.200M
Cash From Financing Activities 1.200M -10.10M
Net Change In Cash 1.400M -30.30M
YoY Change -104.62% 68.33%
FREE CASH FLOW
Cash From Operating Activities $12.50M -$12.00M
Capital Expenditures $12.46M $8.330M
Free Cash Flow $42.00K -$20.33M
YoY Change -100.21% -1389.16%

Facts In Submission

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InterestExpense
183000 USD
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4255000 USD
CY2013Q1 us-gaap Depreciation
Depreciation
6879000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
751000 USD
CY2013Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
34000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7892000 USD
CY2013Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-18499000 USD
CY2013Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-38000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-339000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-23646000 USD
CY2013Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-349000 USD
CY2013Q1 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
-38000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4771000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
178000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12458000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
679000 USD
CY2013Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
563000 USD

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