2017 Q1 Form 10-Q Financial Statement

#000157128317000027 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $35.35M $27.50M
YoY Change 28.54% 28.88%
Cost Of Revenue $9.220M $7.540M
YoY Change 22.28% 30.68%
Gross Profit $26.13M $19.96M
YoY Change 30.91% 28.2%
Gross Profit Margin 73.91% 72.57%
Selling, General & Admin $5.090M $3.600M
YoY Change 41.39% 1.41%
% of Gross Profit 19.48% 18.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.60M $11.20M
YoY Change 21.43% 13.13%
% of Gross Profit 52.05% 56.11%
Operating Expenses $27.91M $22.36M
YoY Change 24.81% 16.45%
Operating Profit $25.78M $19.83M
YoY Change 30.02% 30.78%
Interest Expense $3.998M $3.254M
YoY Change 22.86% 78.2%
% of Operating Profit 15.51% 16.41%
Other Income/Expense, Net $4.383M $3.729M
YoY Change 17.54% 81.11%
Pretax Income $5.720M $1.480M
YoY Change 286.49% 1750.0%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $5.589M $1.425M
YoY Change 292.21% 5177.78%
Net Earnings / Revenue 15.81% 5.18%
Basic Earnings Per Share $0.06 $0.02
Diluted Earnings Per Share $0.06 $0.02
COMMON SHARES
Basic Shares Outstanding 66.34M shares 55.27M shares
Diluted Shares Outstanding 66.63M shares 55.42M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.70M $6.400M
YoY Change 82.81% -86.53%
Cash & Equivalents $11.68M $6.402M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.70M $6.400M
YoY Change 82.81% -86.53%
LONG-TERM ASSETS
Property, Plant & Equipment $1.428B $1.107B
YoY Change 29.04% 22.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $500.0K $4.144M
YoY Change -87.93% -3.63%
Other Assets $8.900M $1.300M
YoY Change 584.62% -31.58%
Total Long-Term Assets $1.518B $1.170B
YoY Change 29.79% 20.53%
TOTAL ASSETS
Total Short-Term Assets $11.70M $6.400M
Total Long-Term Assets $1.518B $1.170B
Total Assets $1.530B $1.176B
YoY Change 30.08% 15.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.00M $14.90M
YoY Change 20.81% 28.45%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.30M $34.70M
YoY Change 24.78% 26.64%
LONG-TERM LIABILITIES
Long-Term Debt $509.7M $444.0M
YoY Change 14.8% 64.75%
Other Long-Term Liabilities $14.80M $10.90M
YoY Change 35.78% 49.32%
Total Long-Term Liabilities $524.5M $454.9M
YoY Change 15.3% 64.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.30M $34.70M
Total Long-Term Liabilities $524.5M $454.9M
Total Liabilities $567.8M $489.6M
YoY Change 15.97% 48.51%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $912.7M $723.6M
YoY Change 26.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $938.9M $664.7M
YoY Change
Total Liabilities & Shareholders Equity $1.530B $1.176B
YoY Change 30.08% 15.53%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $5.589M $1.425M
YoY Change 292.21% 5177.78%
Depreciation, Depletion And Amortization $13.60M $11.20M
YoY Change 21.43% 13.13%
Cash From Operating Activities $19.08M $14.13M
YoY Change 35.01% 44.55%
INVESTING ACTIVITIES
Capital Expenditures -$6.100M -$6.300M
YoY Change -3.17% 40.0%
Acquisitions
YoY Change
Other Investing Activities -$11.10M -$24.70M
YoY Change -55.06% -44.87%
Cash From Investing Activities -$17.14M -$30.97M
YoY Change -44.64% -37.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.463M $115.0K
YoY Change -3111.3% -100.07%
Debt Paid & Issued, Net $125.0M $116.1M
YoY Change 7.65% -0.01%
Cash From Financing Activities $755.0K $18.04M
YoY Change -95.81% -77.0%
NET CHANGE
Cash From Operating Activities $19.08M $14.13M
Cash From Investing Activities -$17.14M -$30.97M
Cash From Financing Activities $755.0K $18.04M
Net Change In Cash $2.688M $1.201M
YoY Change 123.81% -96.92%
FREE CASH FLOW
Cash From Operating Activities $19.08M $14.13M
Capital Expenditures -$6.100M -$6.300M
Free Cash Flow $25.18M $20.43M
YoY Change 23.24% 43.12%

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CY2016Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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0 USD
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CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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CY2017Q1 us-gaap Preferred Stock Shares Outstanding
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CY2016Q4 us-gaap Preferred Stock Value
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86651000 USD
CY2017Q1 us-gaap Preferred Stock Value
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86651000 USD
CY2016Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
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11000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
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ProceedsFromIssuanceOfCommonStock
3740000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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143000000 USD
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135000000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 USD
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6537000 USD
CY2016Q1 us-gaap Profit Loss
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1477000 USD
CY2017Q1 us-gaap Profit Loss
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5721000 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
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437000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
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303000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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135140000 USD
CY2017Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
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143199000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
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CY2017Q1 us-gaap Real Estate Investment Property At Cost
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CY2016Q1 us-gaap Real Estate Revenue Net
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CY2016Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2017Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2016Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
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1100000 USD
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1100000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
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0 USD
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6500000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
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6537000 USD
CY2016Q1 us-gaap Revenues
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27504000 USD
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35354000 USD
CY2016Q4 us-gaap Security Deposit Liability
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CY2016Q1 us-gaap Share Based Compensation
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934000 USD
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1346000 USD
CY2017Q1 us-gaap Shares Issued Price Per Share
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23.16
CY2017Q1 us-gaap Stock Issued During Period Value Conversion Of Units
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200000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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966000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2016Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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693744000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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686501000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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962140000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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962142000 USD
CY2016Q1 us-gaap Straight Line Rent
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956000 USD
CY2016Q4 us-gaap Tenant Improvements
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CY2017Q1 us-gaap Tenant Improvements
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39595000 USD
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5155000 USD
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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78000 USD
CY2017Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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91000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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55269598 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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66341138 shares

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