2019 Q2 Form 10-Q Financial Statement

#000162828019010554 Filed on August 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $130.9M $197.0M
YoY Change -33.58% 24.73%
Cost Of Revenue $41.80M $148.6M
YoY Change -71.88% 29.8%
Gross Profit $3.300M $48.37M
YoY Change -93.18% 11.37%
Gross Profit Margin 2.52% 24.55%
Selling, General & Admin $26.74M $26.64M
YoY Change 0.38% 47.97%
% of Gross Profit 810.39% 55.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.92M $16.26M
YoY Change 41.0% 24.57%
% of Gross Profit 694.67% 33.61%
Operating Expenses $26.74M $26.64M
YoY Change 0.38% 47.97%
Operating Profit $7.512M -$292.0K
YoY Change -2672.6% -102.31%
Interest Expense $13.96M $15.99M
YoY Change -12.7% 29.58%
% of Operating Profit 185.81%
Other Income/Expense, Net -$57.00K -$1.887M
YoY Change -96.98% 562.11%
Pretax Income -$6.503M -$31.11M
YoY Change -79.09% -21.69%
Income Tax $577.0K -$5.947M
% Of Pretax Income
Net Earnings -$7.283M -$25.32M
YoY Change -71.23% 19.77%
Net Earnings / Revenue -5.57% -12.85%
Basic Earnings Per Share -$0.17 -$0.91
Diluted Earnings Per Share -$0.17 -$0.91
COMMON SHARES
Basic Shares Outstanding 42.03M shares 27.70M shares
Diluted Shares Outstanding 42.03M shares 27.70M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.10M $23.20M
YoY Change -4.74% 20.83%
Cash & Equivalents $22.08M $23.21M
Short-Term Investments
Other Short-Term Assets $16.43M $24.49M
YoY Change -32.91% 77.93%
Inventory $128.5M $116.1M
Prepaid Expenses
Receivables $151.3M $147.4M
Other Receivables $400.0K $51.70M
Total Short-Term Assets $318.7M $363.0M
YoY Change -12.18% 10.79%
LONG-TERM ASSETS
Property, Plant & Equipment $368.4M $334.0M
YoY Change 10.31% 0.26%
Goodwill $439.6M $617.8M
YoY Change -28.84% 36.6%
Intangibles
YoY Change
Long-Term Investments $20.41M $40.52M
YoY Change -49.63% 1.66%
Other Assets $7.961M $11.10M
YoY Change -28.29% 28.66%
Total Long-Term Assets $1.254B $1.398B
YoY Change -10.34% 29.67%
TOTAL ASSETS
Total Short-Term Assets $318.7M $363.0M
Total Long-Term Assets $1.254B $1.398B
Total Assets $1.572B $1.761B
YoY Change -10.72% 25.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.50M $55.07M
YoY Change 15.32% -29.68%
Accrued Expenses $37.30M $28.40M
YoY Change 31.34% 18.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $25.12M $29.81M
YoY Change -15.75% 20.45%
Total Short-Term Liabilities $149.3M $138.4M
YoY Change 7.88% -5.87%
LONG-TERM LIABILITIES
Long-Term Debt $850.4M $1.040B
YoY Change -18.27% 25.75%
Other Long-Term Liabilities $43.26M $15.80M
YoY Change 173.9% 63.73%
Total Long-Term Liabilities $893.6M $1.056B
YoY Change -15.39% 26.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.3M $138.4M
Total Long-Term Liabilities $893.6M $1.056B
Total Liabilities $1.194B $1.318B
YoY Change -9.36% 20.45%
SHAREHOLDERS EQUITY
Retained Earnings -$93.33M
YoY Change
Common Stock $424.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $377.3M $443.3M
YoY Change
Total Liabilities & Shareholders Equity $1.572B $1.761B
YoY Change -10.72% 25.27%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$7.283M -$25.32M
YoY Change -71.23% 19.77%
Depreciation, Depletion And Amortization $22.92M $16.26M
YoY Change 41.0% 24.57%
Cash From Operating Activities $7.080M -$18.46M
YoY Change -138.35% -270.45%
INVESTING ACTIVITIES
Capital Expenditures -$14.92M -$17.03M
YoY Change -12.39% 40.86%
Acquisitions
YoY Change
Other Investing Activities -$1.170M -$371.9M
YoY Change -99.69% -116318.75%
Cash From Investing Activities -$16.09M -$388.9M
YoY Change -95.86% 3207.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.84M 247.0M
YoY Change -95.61% -224645.45%
NET CHANGE
Cash From Operating Activities 7.080M -18.46M
Cash From Investing Activities -16.09M -388.9M
Cash From Financing Activities 10.84M 247.0M
Net Change In Cash 1.830M -160.4M
YoY Change -101.14% 15321.15%
FREE CASH FLOW
Cash From Operating Activities $7.080M -$18.46M
Capital Expenditures -$14.92M -$17.03M
Free Cash Flow $22.00M -$1.430M
YoY Change -1638.46% -106.24%

Facts In Submission

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