2015 Q2 Form 10-Q Financial Statement

#000087786015000064 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $56.31M $44.16M
YoY Change 27.52% 63.02%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.690M $2.270M
YoY Change 18.5% -16.24%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.00M $9.600M
YoY Change 35.46% 108.7%
% of Gross Profit
Operating Expenses $24.61M $18.64M
YoY Change 32.04% 114.29%
Operating Profit $25.58M
YoY Change 38.43%
Interest Expense $9.287M $6.829M
YoY Change 35.99% 327.61%
% of Operating Profit 26.7%
Other Income/Expense, Net
YoY Change
Pretax Income $31.71M $25.53M
YoY Change 24.22% 38.68%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $31.18M $25.29M
YoY Change 23.28% 26.97%
Net Earnings / Revenue 55.37% 57.28%
Basic Earnings Per Share $0.83 $0.77
Diluted Earnings Per Share $0.83 $0.76
COMMON SHARES
Basic Shares Outstanding 37.57M shares 33.05M shares
Diluted Shares Outstanding 37.61M shares 33.09M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.96M $21.15M
YoY Change -15.09% -58.27%
Cash & Equivalents $3.293M $7.157M
Short-Term Investments $14.66M $13.99M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.907M $1.519M
Other Receivables $47.50M $27.20M
Total Short-Term Assets $53.70M $35.90M
YoY Change 49.58% -36.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.751B $1.290B
YoY Change 35.77% 84.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.911M $9.704M
YoY Change -8.17% 4.78%
Other Assets $34.20M $23.60M
YoY Change 44.92% 353.85%
Total Long-Term Assets $1.959B $1.447B
YoY Change 35.37% 74.17%
TOTAL ASSETS
Total Short-Term Assets $53.70M $35.90M
Total Long-Term Assets $1.959B $1.447B
Total Assets $2.013B $1.483B
YoY Change 35.71% 67.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.40M $11.10M
YoY Change 29.73% 184.62%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.60M $59.30M
YoY Change 14.0% 143.03%
LONG-TERM LIABILITIES
Long-Term Debt $893.0M $638.0M
YoY Change 39.97% 64.94%
Other Long-Term Liabilities $5.600M $5.400M
YoY Change 3.7% -23.94%
Total Long-Term Liabilities $898.6M $643.4M
YoY Change 39.66% 63.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.60M $59.30M
Total Long-Term Liabilities $898.6M $643.4M
Total Liabilities $966.3M $702.7M
YoY Change 37.51% 68.02%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.036B $763.0M
YoY Change 35.73% 62.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.037B $770.0M
YoY Change
Total Liabilities & Shareholders Equity $2.013B $1.483B
YoY Change 35.71% 67.16%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $31.18M $25.29M
YoY Change 23.28% 26.97%
Depreciation, Depletion And Amortization $13.00M $9.600M
YoY Change 35.46% 108.7%
Cash From Operating Activities $41.40M $32.70M
YoY Change 26.61% 35.68%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$13.80M
YoY Change -99.28% -83.11%
Acquisitions
YoY Change
Other Investing Activities -$2.400M -$800.0K
YoY Change 200.0% -113.56%
Cash From Investing Activities -$2.400M -$14.60M
YoY Change -83.56% -80.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.90M -17.20M
YoY Change 131.98% -120.95%
NET CHANGE
Cash From Operating Activities 41.40M 32.70M
Cash From Investing Activities -2.400M -14.60M
Cash From Financing Activities -39.90M -17.20M
Net Change In Cash -900.0K 900.0K
YoY Change -200.0% -97.04%
FREE CASH FLOW
Cash From Operating Activities $41.40M $32.70M
Capital Expenditures -$100.0K -$13.80M
Free Cash Flow $41.50M $46.50M
YoY Change -10.75% -56.05%

Facts In Submission

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us-gaap Profit Loss
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates -</font><font style="font-family:inherit;font-size:10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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