2018 Q2 Form 10-Q Financial Statement

#000112290418000140 Filed on May 04, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $345.0M $323.7M
YoY Change 6.59% 4.32%
Cost Of Revenue $168.9M $226.7M
YoY Change -25.51% 8.12%
Gross Profit $76.32M $80.11M
YoY Change -4.73% -20.34%
Gross Profit Margin 22.12% 24.75%
Selling, General & Admin $53.64M $51.42M
YoY Change 4.3% 2.59%
% of Gross Profit 70.28% 64.19%
Research & Development $21.19M $22.68M
YoY Change -6.58% 2.47%
% of Gross Profit 27.77% 28.31%
Depreciation & Amortization $5.040M $7.866M
YoY Change -35.93% -7.55%
% of Gross Profit 6.6% 9.82%
Operating Expenses $74.82M $74.14M
YoY Change 0.91% -1.08%
Operating Profit $1.502M $22.79M
YoY Change -93.41% -11.03%
Interest Expense -$1.100M -$700.0K
YoY Change 57.14% -58.82%
% of Operating Profit -73.24% -3.07%
Other Income/Expense, Net -$1.318M $335.0K
YoY Change -493.43% -191.53%
Pretax Income $932.0K $23.53M
YoY Change -96.04% -7.66%
Income Tax -$86.00K $4.850M
% Of Pretax Income -9.23% 20.61%
Net Earnings $5.590M $15.99M
YoY Change -65.05% -3.59%
Net Earnings / Revenue 1.62% 4.94%
Basic Earnings Per Share $0.18 $0.49
Diluted Earnings Per Share $0.17 $0.47
COMMON SHARES
Basic Shares Outstanding 31.43M shares 32.94M shares
Diluted Shares Outstanding 32.66M shares 34.14M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $386.2M $361.2M
YoY Change 6.92% 8.37%
Cash & Equivalents $258.8M $235.7M
Short-Term Investments $127.4M $125.6M
Other Short-Term Assets $29.90M $30.00M
YoY Change -0.33% -15.49%
Inventory $266.3M $267.8M
Prepaid Expenses
Receivables $317.1M $265.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $999.5M $924.3M
YoY Change 8.14% 15.18%
LONG-TERM ASSETS
Property, Plant & Equipment $19.78M $19.35M
YoY Change 2.23% -6.47%
Goodwill $85.46M $85.46M
YoY Change 0.0% 4.58%
Intangibles $22.45M $33.44M
YoY Change -32.86% -25.2%
Long-Term Investments
YoY Change
Other Assets $85.95M $79.62M
YoY Change 7.95% 5.21%
Total Long-Term Assets $213.6M $217.9M
YoY Change -1.94% -2.21%
TOTAL ASSETS
Total Short-Term Assets $999.5M $924.3M
Total Long-Term Assets $213.6M $217.9M
Total Assets $1.213B $1.142B
YoY Change 6.22% 11.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $96.37M $89.77M
YoY Change 7.36% 19.47%
Accrued Expenses $239.3M $149.3M
YoY Change 60.27% 0.85%
Deferred Revenue $30.99M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $402.2M $301.9M
YoY Change 33.2% 9.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $23.21M $16.46M
YoY Change 41.06% 43.86%
Total Long-Term Liabilities $23.21M $16.46M
YoY Change 41.06% 43.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $402.2M $301.9M
Total Long-Term Liabilities $23.21M $16.46M
Total Liabilities $457.5M $334.1M
YoY Change 36.92% 11.04%
SHAREHOLDERS EQUITY
Retained Earnings $140.1M $230.7M
YoY Change -39.29% 14.3%
Common Stock $32.00K $33.00K
YoY Change -3.03% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $755.7M $808.0M
YoY Change
Total Liabilities & Shareholders Equity $1.213B $1.142B
YoY Change 6.22% 11.4%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $5.590M $15.99M
YoY Change -65.05% -3.59%
Depreciation, Depletion And Amortization $5.040M $7.866M
YoY Change -35.93% -7.55%
Cash From Operating Activities $57.00M $9.261M
YoY Change 515.44% -85.06%
INVESTING ACTIVITIES
Capital Expenditures $2.774M $3.434M
YoY Change -19.22% 67.02%
Acquisitions $0.00 $737.0K
YoY Change -100.0%
Other Investing Activities -$700.0K -$2.200M
YoY Change -68.18% -78.0%
Cash From Investing Activities -$3.444M -$5.594M
YoY Change -38.43% -53.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $11.63M
YoY Change -100.0% 16.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.373M -$8.467M
YoY Change -128.03% 66.02%
NET CHANGE
Cash From Operating Activities $57.00M $9.261M
Cash From Investing Activities -$3.444M -$5.594M
Cash From Financing Activities $2.373M -$8.467M
Net Change In Cash $55.93M -$4.800M
YoY Change -1265.1% -110.71%
FREE CASH FLOW
Cash From Operating Activities $57.00M $9.261M
Capital Expenditures $2.774M $3.434M
Free Cash Flow $54.22M $5.827M
YoY Change 830.53% -90.28%

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