2019 Q2 Form 10-K Financial Statement
#000119312520204007 Filed on July 30, 2020
Income Statement
| Concept | 2019 Q2 |
|---|---|
| Revenue | $109.8M |
| YoY Change | 1.52% |
| Cost Of Revenue | $59.20M |
| YoY Change | -0.67% |
| Gross Profit | $50.53M |
| YoY Change | 4.19% |
| Gross Profit Margin | 46.04% |
| Selling, General & Admin | $28.20M |
| YoY Change | 5.62% |
| % of Gross Profit | 55.81% |
| Research & Development | $3.600M |
| YoY Change | 80.0% |
| % of Gross Profit | 7.12% |
| Depreciation & Amortization | $4.590M |
| YoY Change | 4.79% |
| % of Gross Profit | 9.08% |
| Operating Expenses | $31.90M |
| YoY Change | 11.15% |
| Operating Profit | $18.63M |
| YoY Change | -5.9% |
| Interest Expense | $500.0K |
| YoY Change | -600.0% |
| % of Operating Profit | 2.68% |
| Other Income/Expense, Net | -$400.0K |
| YoY Change | 100.0% |
| Pretax Income | $19.50M |
| YoY Change | -2.01% |
| Income Tax | $3.700M |
| % Of Pretax Income | 18.97% |
| Net Earnings | $15.82M |
| YoY Change | -9.86% |
| Net Earnings / Revenue | 14.41% |
| Basic Earnings Per Share | $0.31 |
| Diluted Earnings Per Share | $0.30 |
| COMMON SHARES | |
| Basic Shares Outstanding | 52.28M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 Q2 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $267.5M |
| YoY Change | 26.9% |
| Cash & Equivalents | $41.69M |
| Short-Term Investments | $225.8M |
| Other Short-Term Assets | $13.40M |
| YoY Change | 35.35% |
| Inventory | $85.99M |
| Prepaid Expenses | |
| Receivables | $82.58M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $449.5M |
| YoY Change | 19.62% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $74.85M |
| YoY Change | 2.43% |
| Goodwill | $103.6M |
| YoY Change | 4.08% |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $171.4M |
| YoY Change | 1.31% |
| Total Long-Term Assets | $246.2M |
| YoY Change | 1.65% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $449.5M |
| Total Long-Term Assets | $246.2M |
| Total Assets | $695.7M |
| YoY Change | 12.58% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $19.06M |
| YoY Change | -8.13% |
| Accrued Expenses | $18.60M |
| YoY Change | 4.49% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $38.25M |
| YoY Change | -1.13% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | $3.972M |
| YoY Change | -21.24% |
| Total Long-Term Liabilities | $3.972M |
| YoY Change | -21.24% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $38.25M |
| Total Long-Term Liabilities | $3.972M |
| Total Liabilities | $57.84M |
| YoY Change | 0.01% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | $419.2M |
| YoY Change | 16.76% |
| Common Stock | $8.355M |
| YoY Change | 0.93% |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $637.9M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $695.7M |
| YoY Change | 12.58% |
Cashflow Statement
| Concept | 2019 Q2 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $15.82M |
| YoY Change | -9.86% |
| Depreciation, Depletion And Amortization | $4.590M |
| YoY Change | 4.79% |
| Cash From Operating Activities | $20.87M |
| YoY Change | -7.45% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$2.780M |
| YoY Change | -40.22% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$72.73M |
| YoY Change | 312.07% |
| Cash From Investing Activities | -$75.52M |
| YoY Change | 238.81% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 3.280M |
| YoY Change | -16.33% |
| NET CHANGE | |
| Cash From Operating Activities | 20.87M |
| Cash From Investing Activities | -75.52M |
| Cash From Financing Activities | 3.280M |
| Net Change In Cash | -51.37M |
| YoY Change | -1328.95% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $20.87M |
| Capital Expenditures | -$2.780M |
| Free Cash Flow | $23.65M |
| YoY Change | -13.05% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q4 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
1.33 | |
| CY2018 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1083000 | |
| CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
| CY2020 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MI | |
| CY2019Q2 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
us-gaap:OperatingLeaseLiabilityCurrent | |
| CY2020Q2 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
us-gaap:OperatingLeaseLiabilityCurrent | |
| CY2020Q2 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OperatingLeaseLiabilityNoncurrent | |
| CY2019 | us-gaap |
Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
|
-931000 | |
| CY2020 | us-gaap |
Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
|
-1628000 |
