2020 Q2 Form 10-Q Financial Statement

#000117148620000015 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q1
Revenue $30.55M $40.21M $66.79M
YoY Change -62.39% -39.79% 12.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $11.84M $9.115M $12.71M
YoY Change -28.92% -28.28% 19.91%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.062M $2.012M $4.392M
YoY Change -48.06% -54.19% -13.88%
% of Gross Profit
Operating Expenses $146.2M $11.13M $17.10M
YoY Change 608.77% -34.94% 7.61%
Operating Profit -$115.2M $29.09M $49.94M
YoY Change -289.29% -41.75% 12.89%
Interest Expense $10.33M $10.31M $14.17M
YoY Change -17.08% -27.28% -21.04%
% of Operating Profit 35.44% 28.38%
Other Income/Expense, Net $10.33M $10.31M
YoY Change -75.25%
Pretax Income -$125.5M $18.78M $35.77M
YoY Change -756.87% -47.49% 35.99%
Income Tax
% Of Pretax Income
Net Earnings -$125.5M $18.78M $35.72M
YoY Change -748.55% -47.43% 46.76%
Net Earnings / Revenue -410.86% 46.7% 53.48%
Basic Earnings Per Share
Diluted Earnings Per Share -$10.24M $529.8K $1.785M
COMMON SHARES
Basic Shares Outstanding 12.26M shares 12.26M shares 12.26M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.8M $100.5M $112.4M
YoY Change 56.43% -10.56% 430.07%
Cash & Equivalents $110.8M $100.5M $112.4M
Short-Term Investments
Other Short-Term Assets $4.931M $1.166M $22.47M
YoY Change -77.46% -94.81% 448.1%
Inventory
Prepaid Expenses
Receivables $22.04M $34.11M $37.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $137.8M $135.8M $171.9M
YoY Change 13.63% -21.0% 93.01%
LONG-TERM ASSETS
Property, Plant & Equipment $492.9M $627.2M $893.0K
YoY Change 59641.94% 70136.95% -98.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $252.4M $261.2M $249.9M
YoY Change 0.51% 4.52% 3.42%
Other Assets $8.554M $6.774M $5.677M
YoY Change 25.68% 19.32% -12.51%
Total Long-Term Assets $805.8M $947.6M $1.100B
YoY Change -26.63% -13.87% -14.63%
TOTAL ASSETS
Total Short-Term Assets $137.8M $135.8M $171.9M
Total Long-Term Assets $805.8M $947.6M $1.100B
Total Assets $943.6M $1.083B $1.272B
YoY Change -22.62% -14.84% -7.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.228M $1.272M $1.797M
YoY Change 1.4% -29.22% -69.6%
Accrued Expenses $6.027M $6.004M $6.200M
YoY Change -12.09% -3.16% -45.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $45.79M $45.77M $46.02M
YoY Change -0.55% -0.56% -42.27%
Total Short-Term Liabilities $63.92M $68.44M $63.67M
YoY Change -6.74% 7.49% -40.16%
LONG-TERM LIABILITIES
Long-Term Debt $452.1M $454.1M $541.7M
YoY Change -9.22% -16.17% -25.27%
Other Long-Term Liabilities $4.901M $4.804M $4.720M
YoY Change 3.59% 1.78% 89.41%
Total Long-Term Liabilities $457.0M $458.9M $546.4M
YoY Change -9.1% -16.01% -24.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.92M $68.44M $63.67M
Total Long-Term Liabilities $457.0M $458.9M $546.4M
Total Liabilities $574.4M $581.4M $662.5M
YoY Change -6.55% -12.24% -23.9%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $369.2M $504.9M $612.6M
YoY Change
Total Liabilities & Shareholders Equity $943.6M $1.083B $1.272B
YoY Change -22.62% -14.84% -7.68%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$125.5M $18.78M $35.72M
YoY Change -748.55% -47.43% 46.76%
Depreciation, Depletion And Amortization $2.062M $2.012M $4.392M
YoY Change -48.06% -54.19% -13.88%
Cash From Operating Activities $19.94M $31.86M $22.95M
YoY Change -62.8% 38.81% 15.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $365.0K $206.0K $307.0K
YoY Change -44.19% -32.9% -253.5%
Cash From Investing Activities $365.0K $206.0K $307.0K
YoY Change -44.19% -32.9% -277.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $16.70M $86.47M
YoY Change -80.69% 111.93%
Cash From Financing Activities -9.978M -$29.83M -$99.58M
YoY Change -89.84% -70.05% 251.87%
NET CHANGE
Cash From Operating Activities 19.94M $31.86M $22.95M
Cash From Investing Activities 365.0K $206.0K $307.0K
Cash From Financing Activities -9.978M -$29.83M -$99.58M
Net Change In Cash 10.32M $2.241M -$76.32M
YoY Change -123.5% -102.94% 779.8%
FREE CASH FLOW
Cash From Operating Activities $19.94M $31.86M $22.95M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2019Q1 us-gaap Proceeds From Collection Of Lease Receivables
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272000 USD
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10000 USD
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Revenues
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2020Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
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CY2020Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
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26.08
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1500
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1000
CY2019Q4 us-gaap Warrants And Rights Outstanding
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CY2020Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
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CY2019Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
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20015000 shares
CY2020Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
35448000 shares

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