2013 Q2 Form 10-Q Financial Statement

#000119312513316433 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $81.81M $76.36M
YoY Change 7.13% 20.64%
Cost Of Revenue $16.92M $16.86M
YoY Change 0.35% 21.35%
Gross Profit $64.88M $59.50M
YoY Change 9.05% 20.44%
Gross Profit Margin 79.31% 77.92%
Selling, General & Admin $39.18M $36.71M
YoY Change 6.74% 10.21%
% of Gross Profit 60.39% 61.69%
Research & Development $15.97M $14.08M
YoY Change 13.41% 24.36%
% of Gross Profit 24.61% 23.66%
Depreciation & Amortization $4.859M $4.375M
YoY Change 11.06% 15.71%
% of Gross Profit 7.49% 7.35%
Operating Expenses $56.00M $51.28M
YoY Change 9.2% 13.69%
Operating Profit $8.883M $8.216M
YoY Change 8.12% 91.43%
Interest Expense $190.0K $296.0K
YoY Change -35.81% -40.8%
% of Operating Profit 2.14% 3.6%
Other Income/Expense, Net -$73.00K -$356.0K
YoY Change -79.49% -10.78%
Pretax Income $8.810M $7.860M
YoY Change 12.09% 101.9%
Income Tax $3.557M $2.852M
% Of Pretax Income 40.37% 36.28%
Net Earnings $5.253M $5.008M
YoY Change 4.89% 108.75%
Net Earnings / Revenue 6.42% 6.56%
Basic Earnings Per Share $0.13 $0.12
Diluted Earnings Per Share $0.12 $0.12
COMMON SHARES
Basic Shares Outstanding 41.41M shares 41.74M shares
Diluted Shares Outstanding 42.07M shares 42.45M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.1M $209.5M
YoY Change -28.83% 15.24%
Cash & Equivalents $102.7M $135.0M
Short-Term Investments $46.30M $74.50M
Other Short-Term Assets $16.80M $9.900M
YoY Change 69.7% 20.73%
Inventory $10.94M $7.494M
Prepaid Expenses
Receivables $50.92M $38.81M
Other Receivables $1.500M $4.900M
Total Short-Term Assets $229.2M $270.7M
YoY Change -15.32% 9.91%
LONG-TERM ASSETS
Property, Plant & Equipment $20.57M $17.03M
YoY Change 20.76% 16.64%
Goodwill $202.6M $169.5M
YoY Change 19.5%
Intangibles $62.32M $52.45M
YoY Change 18.81%
Long-Term Investments $13.80M $29.70M
YoY Change -53.54% 8.39%
Other Assets $2.439M $1.840M
YoY Change 32.55% -93.0%
Total Long-Term Assets $310.4M $285.9M
YoY Change 8.57% 9.88%
TOTAL ASSETS
Total Short-Term Assets $229.2M $270.7M
Total Long-Term Assets $310.4M $285.9M
Total Assets $539.7M $556.6M
YoY Change -3.05% 9.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.13M $8.106M
YoY Change 49.64% 22.82%
Accrued Expenses $26.50M $24.90M
YoY Change 6.43% 38.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $132.7M $125.6M
YoY Change 5.67% 6.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $62.00M
YoY Change -100.0% 25.51%
Other Long-Term Liabilities $2.670M $2.161M
YoY Change 23.55% -86.49%
Total Long-Term Liabilities $2.670M $64.16M
YoY Change -95.84% -1.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $132.7M $125.6M
Total Long-Term Liabilities $2.670M $64.16M
Total Liabilities $166.2M $214.6M
YoY Change -22.57% 16.97%
SHAREHOLDERS EQUITY
Retained Earnings $206.7M $165.9M
YoY Change 24.63%
Common Stock $49.00K $48.00K
YoY Change 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.95M $62.45M
YoY Change 45.65%
Treasury Stock Shares 7.856M shares 6.692M shares
Shareholders Equity $373.5M $342.0M
YoY Change
Total Liabilities & Shareholders Equity $539.7M $556.6M
YoY Change -3.05% 9.9%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $5.253M $5.008M
YoY Change 4.89% 108.75%
Depreciation, Depletion And Amortization $4.859M $4.375M
YoY Change 11.06% 15.71%
Cash From Operating Activities $18.60M $36.12M
YoY Change -48.51% 659.71%
INVESTING ACTIVITIES
Capital Expenditures $2.270M $2.721M
YoY Change -16.57% 26.97%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$6.000M -$7.800M
YoY Change -23.08% -69.17%
Cash From Investing Activities -$8.400M -$10.51M
YoY Change -20.08% -61.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.470M $6.413M
YoY Change 16.48% 349.72%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -7.400M -7.861M
YoY Change -5.86% 56.59%
NET CHANGE
Cash From Operating Activities 18.60M 36.12M
Cash From Investing Activities -8.400M -10.51M
Cash From Financing Activities -7.400M -7.861M
Net Change In Cash 2.800M 17.75M
YoY Change -84.23% -164.1%
FREE CASH FLOW
Cash From Operating Activities $18.60M $36.12M
Capital Expenditures $2.270M $2.721M
Free Cash Flow $16.33M $33.40M
YoY Change -51.11% 1178.83%

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