2018 Q4 Form 10-Q Financial Statement

#000119312518320886 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $256.4M $203.3M $191.0M
YoY Change 7.02% 6.44% 4.46%
Cost Of Revenue $77.90M $74.42M $69.73M
YoY Change 5.27% 6.73% 15.38%
Gross Profit $178.4M $128.8M $121.2M
YoY Change -1.21% 6.28% -0.93%
Gross Profit Margin 69.61% 63.39% 63.48%
Selling, General & Admin $109.5M $99.59M $82.50M
YoY Change 15.14% 20.73% 4.75%
% of Gross Profit 61.36% 77.3% 68.05%
Research & Development $46.40M $46.50M $41.03M
YoY Change 11.0% 13.34% 7.87%
% of Gross Profit 26.0% 36.09% 33.85%
Depreciation & Amortization $6.600M $6.200M $6.300M
YoY Change 10.0% -1.59% 1.61%
% of Gross Profit 3.7% 4.81% 5.2%
Operating Expenses $163.0M $146.1M $123.5M
YoY Change 14.71% 18.27% 5.7%
Operating Profit $15.45M -$17.26M -$2.301M
YoY Change -59.88% 650.02% -141.85%
Interest Expense $2.500M $1.100M -$4.900M
YoY Change 212.5% -122.45% -476.92%
% of Operating Profit 16.18%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $17.90M -$16.18M -$7.213M
YoY Change -2.91% 124.26% -230.79%
Income Tax $1.500M -$8.589M -$8.501M
% Of Pretax Income 8.38%
Net Earnings $16.41M -$7.587M $1.288M
YoY Change -59.57% -689.05% -60.98%
Net Earnings / Revenue 6.4% -3.73% 0.67%
Basic Earnings Per Share $0.21 -$0.10 $0.01
Diluted Earnings Per Share $0.20 -$0.10 $0.01
COMMON SHARES
Basic Shares Outstanding 78.70M shares 78.70M shares 77.69M shares
Diluted Shares Outstanding 78.70M shares 83.32M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $207.4M $206.0M $194.4M
YoY Change -7.29% 5.97% 49.88%
Cash & Equivalents $114.4M $106.2M $130.6M
Short-Term Investments $93.00M $99.80M $63.80M
Other Short-Term Assets $49.68M $73.46M $17.68M
YoY Change 20.78% 315.54% 23.47%
Inventory
Prepaid Expenses
Receivables $180.9M $150.7M $191.2M
Other Receivables $0.00 $0.00 $34.80M
Total Short-Term Assets $610.6M $586.1M $438.1M
YoY Change -5.72% 33.8% 15.69%
LONG-TERM ASSETS
Property, Plant & Equipment $36.64M $39.85M
YoY Change -9.23% 1.29%
Goodwill $72.86M $72.90M $72.94M
YoY Change -0.13% -0.06% -1.26%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $147.8M $134.7M $5.982M
YoY Change 12.51% 2151.4% 59.31%
Total Long-Term Assets $371.9M $376.5M $227.0M
YoY Change 1.88% 65.87% 3.96%
TOTAL ASSETS
Total Short-Term Assets $610.6M $586.1M $438.1M
Total Long-Term Assets $371.9M $376.5M $227.0M
Total Assets $982.6M $962.6M $665.1M
YoY Change -2.98% 44.74% 11.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.49M $12.93M $12.54M
YoY Change -5.08% 3.12% 42.06%
Accrued Expenses $43.14M $39.83M $39.68M
YoY Change -5.2% 0.37% 9.1%
Deferred Revenue $185.1M
YoY Change 11.63%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $331.8M $282.3M $267.0M
YoY Change 12.57% 5.71% 12.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $29.21M $23.37M $15.45M
YoY Change 23.51% 51.28% -5.64%
Total Long-Term Liabilities $29.21M $23.37M $15.45M
YoY Change 23.51% 51.28% -5.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $331.8M $282.3M $267.0M
Total Long-Term Liabilities $29.21M $23.37M $15.45M
Total Liabilities $361.0M $341.8M $293.4M
YoY Change 1.16% 16.5% 8.83%
SHAREHOLDERS EQUITY
Retained Earnings $510.9M $496.8M $228.0M
YoY Change 0.23% 117.95% 21.01%
Common Stock $124.0M $135.9M $147.5M
YoY Change -18.9% -7.85% 2.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $621.5M $620.9M $371.7M
YoY Change
Total Liabilities & Shareholders Equity $982.6M $962.6M $665.1M
YoY Change -2.98% 44.74% 11.4%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $16.41M -$7.587M $1.288M
YoY Change -59.57% -689.05% -60.98%
Depreciation, Depletion And Amortization $6.600M $6.200M $6.300M
YoY Change 10.0% -1.59% 1.61%
Cash From Operating Activities $37.30M -$8.300M $28.10M
YoY Change -15.8% -129.54% 212.22%
INVESTING ACTIVITIES
Capital Expenditures -$4.800M -$1.400M -$4.100M
YoY Change 4.35% -65.85% 7.89%
Acquisitions
YoY Change
Other Investing Activities $6.200M -$1.900M -$6.800M
YoY Change 226.32% -72.06% -177.27%
Cash From Investing Activities $1.400M -$3.200M -$10.80M
YoY Change -150.0% -70.37% -316.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.80M -25.90M -9.100M
YoY Change 192.16% 184.62% -19.47%
NET CHANGE
Cash From Operating Activities 37.30M -8.300M 28.10M
Cash From Investing Activities 1.400M -3.200M -10.80M
Cash From Financing Activities -29.80M -25.90M -9.100M
Net Change In Cash 8.900M -37.40M 8.200M
YoY Change -71.57% -556.1% 203.7%
FREE CASH FLOW
Cash From Operating Activities $37.30M -$8.300M $28.10M
Capital Expenditures -$4.800M -$1.400M -$4.100M
Free Cash Flow $42.10M -$6.900M $32.20M
YoY Change -13.91% -121.43% 151.56%

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