2015 Q3 Form 10-Q Financial Statement

#000091727315000020 Filed on October 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $73.78M $69.71M
YoY Change 5.83% -4.89%
Cost Of Revenue $11.11M $10.54M
YoY Change 5.42% 17.66%
Gross Profit $62.67M $59.17M
YoY Change 5.91% -8.03%
Gross Profit Margin 84.94% 84.88%
Selling, General & Admin $17.86M $18.20M
YoY Change -1.87% -2.66%
% of Gross Profit 28.5% 30.76%
Research & Development $27.78M $27.01M
YoY Change 2.85% -1.96%
% of Gross Profit 44.34% 45.65%
Depreciation & Amortization $9.400M $10.10M
YoY Change -6.93% -10.62%
% of Gross Profit 15.0% 17.07%
Operating Expenses $45.64M $45.21M
YoY Change 0.95% -2.24%
Operating Profit $17.64M $14.47M
YoY Change 21.92% 59.6%
Interest Expense $3.117M $3.059M
YoY Change 1.9% -64.23%
% of Operating Profit 17.67% 21.14%
Other Income/Expense, Net -$2.578M -$3.608M
YoY Change -28.55% -57.48%
Pretax Income $15.06M $10.86M
YoY Change 38.69% 1775.65%
Income Tax -$167.0M $5.347M
% Of Pretax Income -1108.56% 49.24%
Net Earnings $182.0M $5.513M
YoY Change 3201.89% -196.3%
Net Earnings / Revenue 246.73% 7.91%
Basic Earnings Per Share $1.56 $0.05
Diluted Earnings Per Share $1.52 $0.05
COMMON SHARES
Basic Shares Outstanding 116.4M shares 114.5M shares
Diluted Shares Outstanding 119.5M shares 118.2M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $362.9M $271.1M
YoY Change 33.86% -26.01%
Cash & Equivalents $216.6M $125.7M
Short-Term Investments $146.3M $145.4M
Other Short-Term Assets $28.80M $9.400M
YoY Change 206.38% 49.21%
Inventory
Prepaid Expenses
Receivables $10.31M $5.099M
Other Receivables $0.00 $0.00
Total Short-Term Assets $401.9M $285.6M
YoY Change 40.76% -23.7%
LONG-TERM ASSETS
Property, Plant & Equipment $59.08M $65.90M
YoY Change -10.35% -9.44%
Goodwill $116.9M $116.9M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.690M $2.542M
YoY Change 45.16% -33.12%
Total Long-Term Assets $393.9M $281.6M
YoY Change 39.89% -14.86%
TOTAL ASSETS
Total Short-Term Assets $401.9M $285.6M
Total Long-Term Assets $393.9M $281.6M
Total Assets $795.9M $567.2M
YoY Change 40.33% -19.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.928M $5.697M
YoY Change 4.05% -4.52%
Accrued Expenses $9.400M $11.80M
YoY Change -20.34% -62.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $27.61M $26.28M
YoY Change 5.08% -87.14%
LONG-TERM LIABILITIES
Long-Term Debt $158.2M $152.8M
YoY Change 3.53% 3.24%
Other Long-Term Liabilities $1.475M $8.641M
YoY Change -82.93% 184.34%
Total Long-Term Liabilities $1.475M $8.641M
YoY Change -82.93% 184.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.61M $26.28M
Total Long-Term Liabilities $1.475M $8.641M
Total Liabilities $190.0M $189.6M
YoY Change 0.24% -47.62%
SHAREHOLDERS EQUITY
Retained Earnings -$563.1M -$769.4M
YoY Change -26.81% -1.1%
Common Stock $1.169B $1.147B
YoY Change 1.92% 2.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $605.9M $377.6M
YoY Change
Total Liabilities & Shareholders Equity $795.9M $567.2M
YoY Change 40.33% -19.55%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $182.0M $5.513M
YoY Change 3201.89% -196.3%
Depreciation, Depletion And Amortization $9.400M $10.10M
YoY Change -6.93% -10.62%
Cash From Operating Activities $15.30M $23.90M
YoY Change -35.98% -6.64%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$1.300M
YoY Change 23.08% 116.67%
Acquisitions
YoY Change
Other Investing Activities $400.0K $1.100M
YoY Change -63.64% -113.75%
Cash From Investing Activities -$1.300M -$300.0K
YoY Change 333.33% -96.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.100M 2.400M
YoY Change -54.17% -98.23%
NET CHANGE
Cash From Operating Activities 15.30M 23.90M
Cash From Investing Activities -1.300M -300.0K
Cash From Financing Activities 1.100M 2.400M
Net Change In Cash 15.10M 26.00M
YoY Change -41.92% -82.98%
FREE CASH FLOW
Cash From Operating Activities $15.30M $23.90M
Capital Expenditures -$1.600M -$1.300M
Free Cash Flow $16.90M $25.20M
YoY Change -32.94% -3.82%

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0 USD
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0 USD
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CY2015Q3 us-gaap Preferred Stock Shares Issued
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CY2015Q3 us-gaap Preferred Stock Shares Outstanding
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us-gaap Repayments Of Senior Debt
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20700000 USD
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3460000 shares
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3098000 shares
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3057000 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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115940000 shares

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